Marine Link
Tuesday, March 19, 2024
SUBSCRIBE

Conversion Contract News

16 Aug 2023

Washington State Ferries Awards Vigor Contract to Convert Its Largest Vessels to Hybrid-electric Power

© David Johnson / Adobe Stock

Washington State Ferries has tapped local shipyard Vigor to convert up to three of its Jumbo Mark II class ferries to low-emission hybrid-electric power.Vigor's $150 million winning bid for the contract came in about $16 million under the second place bid from another Washington shipyard, but was still approximately $30 million above the state’s $120 million estimate for the project. Vigor has been awarded approximately $100 million for the conversion of two vessels, with a fixed-price option to convert the third vessel in 2025.WSF…

11 Jul 2023

Petrobras Makes History, Sells First FPSO for Green Recycling in Brazil

FPSO P-32 - Credit: Petrobras

In a first, Brazilian oil company Petrobras last week reportedly sold the P-32 FPSO for sustainable recycling in Brazil, paving the way for the development of the local ship recycling industry.The sale of the floating unit P-32 reportedly took place on July 7, 2023. In a collaboration supervised by Petrobras, the steel company Gerdau S.A. and shipyard Ecovix have been entrusted with the responsible and environmentally sound recycling of the FPSO."This decision marks the first time a commercial vessel at the end of its lifecycle will be dismantled in Brazil.

19 Oct 2022

Tianjin Southwest Maritime to Convert LPG Carrier Pair for Dual-fuel Operations

(Photo: MAN Energy Solutions)

MAN Energy Solutions’ after-sales division, MAN PrimeServ, has announced the signing of a contract to retrofit two LPG carriers for Tianjin Southwest Maritime Ltd. – the Chinese liquefied-gas carrier operator. The COSCO Shipping Heavy Industry (Guangdong) yard will host the respective conversions of the individual MAN B&W 6G60ME-C engines aboard the ‘Gas Gemini’ and ‘Gas Aquarius’ to dual-fuel MAN B&W 6G60ME-LGIP units capable of running on LPG. The two vessels will be retrofitted in parallel, beginning May 30, 2023.PrimeServ will jointly carry out the work with CMS (CSSC Marine Service Co.

06 Jul 2021

Havyard Leirvik to Convert Ferry from Diesels to Batteries

Photo courtesy Havyard

Havyard said its shipyard in Leirvik won a contract with Fjord1 for modification of the car ferry MF Lote, a ferry that will operate the route Skarberget–Bognes over the Tysfjord in Nordland county.The conversion contract is seen as strategically important by the shipyard, particularly as it nears completion of a large-scale newbuild program and shifts its focus towards the modification and repair market. In recent years, the yard has been working on building and delivering ferries, wellboats and SOV vessels.

11 May 2021

Hurtigruten Says Fleet Upgrades will Slash Emissions by 25%

(Photo: Hurtigruten)

Hurtigruten Group said green upgrades for its entire fleet of Hurtigruten Norwegian Coastal Express ships—including batteries, shore power and biofuel—will reduce CO2 emissions by least 25% and NOx emissions by 80% as the Norwegian passenger vessel operator continues its journey toward totally emissions-free vessel operations.Already fitted with shore-power connectivity to fully eliminate emissions when connected in port, the seven Hurtigruten Norwegian Coastal Express ships will be retrofitted with a combination of technologies and solutions specially adapted for each individual ship…

22 Jul 2018

Keppel Wins FPSO, FSRU Contracts

In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc. group, to undertake the topside module fabrication and integration of the FPSO Carioca MV30, a Floating Production Storage and Offloading vessel (FPSO). This is the sixth FPSO collaboration between Keppel FELS Brasil and MODEC.In Singapore, Keppel Shipyard Ltd (Keppel Shipyard) has been entrusted with the conversion of a LNG Carrier to a Floating Storage and Re-gasification Unit (FSRU) by a leading global operator of oil and gas production vessels.Mr Chris Ong, CEO of Keppel O&M, said…

27 Mar 2018

Production Floaters Orders Are on the Rebound

© sadagus/Adobe Stock

Fifteen production floaters were contracted in 2017 – 11 FPSOs, two production semis, a wellhead TLP and an FLNG – and the number of deep water projects in the near-term planning queue indicates production floater orders are set to accelerate. This is a big change from 2016 when orders for new units totally dried up and the deepwater future looked pretty bleak. Here’s a round-up of contracts awarded last year and in January 2018. Tempera FPSO - Keppel in January 2017 received a contract from Dixstone Holdings…

04 Oct 2017

Keppel Wins SBM FPSO Conversion Deal

As energy markets start to rebound, Keppel Shipyard Ltd. secured a Floating Production Storage and Offloading vessel (FPSO) conversion contract from  SBM Offshore N.V. (SBM Offshore). The contract calls for a VLCC to be converted into an FPSO, to be deployed to the Liza field, located approximately 193km offshore Guyana in the Stabroek block. The shipyard's work scope includes refurbishment and life extension works, such as the upgrading of living quarters, fabrication and installation of spread mooring systems, as well as the installation and integration of topside modules. The converted FPSO will have a storage capacity of 1.6 million barrels of crude oil and is capable of producing up to 120,000 barrels of oil per day.

11 Aug 2015

Keppel Shipyard Wins FPSO Conversion Contract

Even as world energy prices continue to maintain low pricing levels, offshore contracts are there to be won. Keppel Offshore & Marine Ltd has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about S$125 million. The FPSO conversion project Keppel Shipyard will be undertaking is for Armada Madura EPC Limited, a joint venture between long-standing customer Bumi Armada Berhad (Bumi Armada) and Shapoorji Pallonji Group (Shapoorji Pallonji). "This is our third conversion/upgrading project for the joint venture," said Michael Chia, Managing Director (Marine & Technology), Keppel O&M.

22 Jul 2015

Keppel Signs $684m FLNG Conversion Deal with Golar

Keppel Shipyard has signed its third contract with Golar Gandria for vessel conversion works. The $684 million contract to convert a liquefied natural gas (LNG) carrier to a floating liquefaction facility (FLNG) with the subsidiary of United Kingdom-based Golar LNG will become effective by Sep 21, said Keppel. The contract will become effective upon the parties fulfilling certain conditions precedent by 21 September 2015. The award of the conversion of the Gandria marks the exercise of the second of two options, which were part of a contract awarded by Golar to Keppel Shipyard for the conversion of the Moss LNG carrier, HILLI, into a GoFLNG facility. The first option was exercised in December 2014 for the conversion of the GIMI, also a Moss type LNG carrier.

21 Jul 2015

Golar Inks Deal for Third FLNG Conversion

Golar LNG Limited has executed agreements for conversion of the 126,000 m3 LNG carrier Gandria to a Golar floating liquefaction facility (GoFLNG), the company announced today. As with the GoFLNG Hilli and Gimi conversions, the primary contract for the GoFLNG Gandria was entered into with Singapore's Keppel Shipyard Limited. The Gandria conversion contract marks the exercise of the second of two options that formed part of the initial 2014 Hilli conversion contract. Black & Veatch will provide its licensed PRICO technology, perform detailed engineering and process design, specify and procure topside equipment, and provide commissioning support for the GoFLNG topsides and liquefaction process.

01 Jul 2015

Technip Wins Jurong's FPSO Conversion Contract

Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is part of the conversion of a shuttle tanker into a floating, production, storage and offloading (FPSO) vessel, which is built at the Jurong Shipyard, located in Singapore. Technip will build on its experience in full range of offshore acilities to design the FPSO’s topsides. The FPSO will be based in the Libra field, offshore Brazil, at a water depth of approximately 2,500 meters. Once completed, it will have a capacity of 50,000 barrels of oil per day and 4 million cubic meters of natural gas per day. Technip’s operating center in Kuala Lumpur, Malaysia, will execute the contract which is scheduled for completion during the second semester of 2016.

16 Jun 2015

Cosco Bags Research Ship Order

Cosco (Guangdong) Shipyard secured a contract worth over 129 million yuan ($20.8m) to build one research vessel, to be delivered in the fourth quarter of 2017.   The contract will become effective upon the receipt of letter of guarantee from the shipyard's bank.    Cosco (Guangdong) Shipyard is a subsidiary of Cosco Corporation (Singapore) Ltd's 51 per cent-owned subsidiary, Cosco Shipyard Group.   The contract is not expected to have a material impact on the net tangible assets and earnings per share of Cosco Corporation (Singapore) for the year ending Dec 31, 2015.   Cosco Guangdong Shipyard received its first ever research vessel conversion contract from Guangzhou Geological Survey at the end of May.

22 Apr 2015

Sembawang Bags Teekay's FSO Conversion Project

Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage and Offloading (FSO) conversion contract worth S$56 million from Teekay for the Gina Krog Field in the North Sea. Sembawang Shipyard will work closely with Teekay to convert the shuttle tanker Randgrid into an FSO. The yard will also fabricate and install new living quarter decks on the vessel. The ship is expected to arrive at Sembawang Shipyard in June 2015, with completion in 11 months, Sembcorp Marine said. The ship will be used in the Norwegian North Sea under a charter contract between Teekay and Norwegian oil and gas firm Statoil. Major conversion works include installation of a new helideck…

02 Apr 2015

Scheepswerf Gebr. Kooiman Secures Dredger Conversion Contract

 The Ostsee in dry dock at Scheepswerf Hoebee (photo courtesy of Scheepswerf Gebr. Kooiman BV)

Scheepswerf Gebr. Kooiman BV, a subsidiary of The Kooiman Group (www.thekooimangroup.com), has signed a contract to complete a conversion project for the sea going dredger Ostsee. The Ostsee is a trailing suction hopper dredger and member of the fleet of Maritime Construction Services SA of Luxembourg. It was built by the Peene-Werft in 1995. The conversion involves the replacement of the electrical drives of the dredging installation by direct diesel drives. Two jet water pumps with electric motors will be replaced by two new Nijhuis pumps with a higher working pressure.

31 Dec 2014

Keppel Wins Second FLNG Conversion Contract

Keppel Shipyard has secured a firm contract from Golar Gimi Corporation (Golar Gimi), a subsidiary of Golar LNG Limited (Golar LNG), to perform the conversion of a second Moss Liquefied Natural Gas (LNG) carrier, the GIMI, into a Floating Liquefaction Vessel (FLNGV). The contract, which has become effective, is worth approximately $705 million. Michael Chia, Managing Director (Marine & Technology), Keppel O&M, said, "We are happy that Golar LNG is proceeding with their second FLNGV conversion, and would like to thank them for once again entrusting Keppel Shipyard as their lead contractor of choice. This second contract comes just six months after the first contract, and we are encouraged by this positive development.

21 Jul 2014

Sembawang Shipyard to Convert 2 FPSOs for Kaombo Project, Angola

Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million from Saipem SA, France for the conversion of Two FPSOs for the Kaombo Project in Offshore Angola. Sembawang Shipyard was awarded this milestone contract on the strength of its capabilities and established track record in the field of FPSO conversion, modification and upgrading work. Under the contract, the Shipyard is responsible for the conversion of 2 Very Large Crude Carriers (VLCCs) sister ships into 2 turret-moored FPSOs for the Kaombo project located in offshore Angola, approximately 150 km from the coast.

03 Jul 2014

Keppel FLNG MOSS Vessel Conversion Contract Activated

Keppel Shipyard says that the contract it entered into earlier with Golar Hilli Corporation to perform the world's first-of-its-type conversion of an existing Moss LNG carrier, the Hilli, into a Floating Liquefaction Vessel (FLNGV), has become effective. The contract is worth approximately US$735 million. In carrying out the FLNGV conversion, Keppel Shipyard explains that it shall be responsible for the provision of the design, detailed engineering and procurement of the marine systems and all of the conversion-related construction services. Keppel Shipyard's scope also includes engaging Black & Veatch to provide design, procurement and commissioning support services for the topsides and liquefaction process.

30 May 2014

STX Finland Completes Fjord Line Cruise Ferry Conversion

Photo courtesy of STX Finland

On June 4, 2013, STX Finland and the Norwegian passenger ship company Fjord Line AS signed a contract on conversion of Fjord Line’s cruise ferry. The steel production for the conversion project began January 10, 2013. In connection with the rebuild of MS Bergensfjord, the ship was renamed MS Oslofjord. The overall value of the conversion contract was approximately EUR 30 million, and it provided some 200 man-years of labor. MS Oslofjord is 134 meters long and 24 meters wide, built in Norway in 1993.

08 May 2014

Cammell Laird Environmental Package Targets Ferry Market

Photo courtesy Cammell Laird

Birkenhead shipyard and engineering services company Cammell Laird said it has developed an advanced shipyard environmental package for ferries, following its strongest year of trading in the sector. Cammell Laird said it has docked 24 ferries between 2013 and the beginning of 2014 and, in addition, has carried out a further 24 afloat repairs for ferry operators. During 2013 Cammell Laird repaired, built and converted almost 250,000 gross tons of ferry and Ro-Ro ships for a wide range of owners. Already in 2014 it has docked and repaired ferries of 150,000 gross tons.

23 Sep 2013

OCV Conversion Contract for Havyard

Image courtesy of Havyard

Havyard Ship Technology has been contracted to convert the offshore construction vessel (OCV) 'Havila Phoenix' for underwater cable laying and trenching operations. Havila Phoenix is a Havyard 858 design, delivered from Havyard’s shipyard in Leirvik as a construction vessel in 2009. Since then the vessel has had different charterers and executed several different operations in connection with subsea oil production installations. For a new charter, the vessel needs to be lengthened with 17,4 m to accommodate the new equipment, and close to 700 tons of new steel will be installed.

18 Sep 2013

SBM Offshore Awards Keppel Deal for Two FPSOs

FPSO OSX-2. (Photo: SBM)

Keppel Shipyard Ltd (Keppel Shipyard) has secured two Floating Production Storage and Offloading (FPSO) conversion contracts from repeat customers worth a combined value of S$190 million. These contracts are from SBM Offshore N.V. (SBM Offshore) and M3nergy Offshore Limited (M3nergy Offshore). Mr Michael Chia, Managing Director (Marine & Technology), Keppel Offshore & Marine (Keppel O&M), said, "The award of these contracts from our repeat customers affirms their confidence in us.

06 Nov 2012

Keppel to Sign Golar LNG Conversion Contract

Keppel Shipyard enters into a term sheet agreement with Golar LNG regarding the conversion of three LNG vessels. Keppel Shipyard Ltd (Keppel Shipyard) has entered into a term sheet agreement with Golar LNG Ltd (Golar LNG), to work together on the conversion of up to three LNG vessels into Floating LNG (FLNG) vessels. This term sheet agreement requires Keppel Shipyard to start with a Front-End Engineering and Design (FEED) study to confirm the engineering and work scope. Upon completion of the FEED study, Keppel Shipyard will then proceed to work with Golar LNG on the conversion and engineering of the first of the three FLNG vessels. There will be an option to convert the other two FLNG vessels at a later date.

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week