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Conversion Contract

MSC (Europe) Awarded Conversion Project

Maritime Services Corporation’s Southampton-based marine outfitting company, MSC (Europe) Ltd., has received a Letter of Intent and deposit that will lead to a $19 million conversion contract to convert the ex Dronning Ingrid rail ferry into a state of the art hospital ship for the charitable group Mercy Ships. MSC will act as the general contractor for all phases of the conversion.


Bender Granted Conversion Contract From Cal Dive

Bender Shipbuilding & Repair of Mobile, Ala., has been awarded the conversion of the 400 x 102 ft. (121.9 x 31 m) Sea Sorceress. The barge, which will be converted from a manned fuel barge to a DP-II construction barge for Cal Dive International of Houston, Texas, will receive eight 850 kW retractable Z drives. These drives will be powered by four Wärtsilä generators providing 6.6kV of power. A new engine room on the dynamically positioned barge will be used for the vessel's main source of


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.  


Singapore’s Shipyards Reflect Booming FPSO Trend

Traditional shipyards in Singapore are benefitting from booming oil and gas business, as work orders flow in for Floating Production Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) conversions, states a new report by business intelligence experts GBI Research. The new report  cites Singapore as the location of around 70% of conversions for the FPSO industry globally, with traditional shipyards such as Keppel, Sembawang, Jurong


Sembawang Bags Teekay's FSO Conversion Project

Image: Sembcorp Marine Ltd

 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


Marotta Receives GD Sub Conversion Contract

Marotta Scientific Controls, Inc. has been awarded a contract from General Dynamics, Electric Boat Division, for valves on two Ohio Class submarines that will be converted to multi-mission platforms, optimized for covert strike and special operations support. The contract value is $3.2 million with an option for another $3.3 Million for two additional conversions in 2003 & 2004. The U.S. Navy, in response to changes in post-Cold War strategy, will overhaul four


Oman Drydock Company Expands Rapidly

Dr Ahmed Al Abri - Oman Drydock Company Deputy CEO Operations WEB.jpg

Oman Drydock Company (ODC) is growing fast. In January, the yard hit an important milestone - its 300th drydocking. Harnessing the power of its new $1.8 billion, 1.3 million sq. m. shipyard it aims to become a leading shipyard in the Gulf over the next five years. A key selling point for ODC is its geographical position.  ODC is in poll-position for the Asia – Europe shipping routes and critically, saving ship owners time, and potential disruption


Frontline Ltd. Develops Heavy Lift Activity

In line with the strategy decided by the Board, Frontline Ltd. is currently in the process of establishing a separate entity to develop the company's heavy lift activity. Such a company will include up to six single hull Suezmax vessels. Five of these vessels are on long term leases from Ship Finance International Limited, and a deal is subject to reaching a mutually acceptable solution with Ship Finance International Limited for a purchase of these vessels


NASSCO to Design TOTE LNG Propulsion Conversion

TOTE Orca-class: Photo credit NASSCO

General Dynamics NASSCO, contract with Totem Ocean Trailer Express (TOTE) to design the conversion of two Orca-Class  trailerships. The contract is to design the conversion of the company’s two existing Orca Class, diesel-electric trailerships to liquefied natural gas (LNG) propulsion. This design contract is in addition to the new-construction order that TOTE Shipholdings placed with NASSCO last month for the construction of two new LNG-powered containerships.


Noble Drilling Completes Fifth Conversion

Noble Drilling Corporation announced its fifth successful EVA-4000TM semisubmersible conversion, Noble Max Smith, commenced its mobilization to its first location in Alaminos Canyon for Amerada Hess Corporation. The unit, capable of drilling in water depths up to 6,000 ft., will undergo final commissioning of its marine systems when it arrives on location. Upon completion of commissioning, the rig will commence drilling operations under its contract with Amerada Hess Corporation.


KR Boosts Operational Efficiency with Boxship Conversion

The Korean Register has announced that it has successfully completed a feasibility study for the conversion of an 8,600 teu containership into a 10,000 teu vessel. This new capacity specification was developed in response to a shipping company’s desire to adapt to recent shipping


Polar Cruise Ships: Rolls-Royce Signs $33M Deal

Hurtigruten (Photo: Rolls-Royce)

Rolls-Royce has signed a contract worth about $33m with the ship building company Kleven in Norway for design and ship equipment to two new polar cruise vessels, with an option for two additional vessels.   The contract between Kleven and Rolls-Royce follows the conversion of a letter of


Keppel Secures Marine Projects worth S$120 mln

Photo Courtesy BW Offshore

Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) has secured four contracts worth a total of about S$120 million from repeat customers. Mr Michael Chia, Managing Director (Marine & Technology) of Keppel O&M, said


FPSOs Sit Unprecedentedly Idle

FPSO Cidade de Marica SBM (Photo: Claudio Paschoa)

While the oil and gas markets are starting to come to life, nearing the $50 per barrel mark, the future fate of floating production remains a mystery   The 20 year four-fold growth pattern in the world’s FPSO fleet stalls out in 2016 with a record number of FPSOs idle and available


Golar, Stonepeak Launch Launch FSRU Joint Venture

Golar LNG Limited announced that it has entered into a 50/50 joint venture with investment vehicles affiliated with private equity firm Stonepeak Infrastructure Partners. The joint venture company, Golar Power Ltd, will offer integrated LNG based downstream solutions


Höegh LNG FSRUs on Strong Ground

Photo: Höegh LNG

 Höegh LNG is upbeat on the group’s FSRU prospects as its profit rise comes on the back of an almost tripled average regasification flow rate on Höegh LNG’s FSRU fleet compared with the same quarter last year, owing to increased imports driven by ample supplies of LNG


NASSCO Lays Keel for Jones Act Tanker Liberty

Photo: General Dynamics NASSCO

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a construction contract with SEA-Vista LLC, a partnership between SEACOR Holdings, Inc. and Avista Capital Partners.   


Damen's Oranjewerf Yard ISO 9001:2008 Certified

Damen Shiprepair Oranjewerf (Photo: Damen)

Damen Shiprepair Oranjewerf (DSO) has become the latest Damen ship repair yard to receive ISO 9001:2008 certification, demonstrating that the yard fulfils the requirements of the defined management system standards to consistently provide a high quality service that meets all customer


NASSCO Delivers Second ECO Tanker to APT

ECO Class tanker is one of the most fuel-efficient and environmentally friendly tankers in the world Photo NASSCO

On Thursday, May 19, shipbuilders at General Dynamics NASSCO delivered the Magnolia State to longtime customer American Petroleum Tankers (APT). The ECO Class tanker is one of the most fuel-efficient and environmentally friendly tankers in the world and symbolizes the emerging future of green


ASL Marine Secures New Contracts

 Photo:  ASL Marine Holdings Ltd

 Shipbuilder ASL Marine  has secured a total S$156 million worth of contracts from its shipbuilding, shiprepair & conversion, shipchartering and dredging engineering divisions.   The contracts secured are mainly from repeat customers in the region as well as in the Middle East


Damen Opens US Office

Ruud Haneveer, Market Development Executive for Damen Shiprepair & Conversion and Jan van Hogerwou, Damen’s Manager Newbuildings for USA and Canada are celebrating the opening of Damen’s new North American office. (Photo: Damen Shipyards Group)

Damen Shipyards Group has announced the opening of a new branch office in Houston, Texas. This expansion, under the name of Damen North America, meets the increasing demand for Damen’s shipbuilding concepts and repair and conversion services.


Two Canadian Ferries to be Converted for LNG Operation

Image: Scott Arkell/Wärtsilä

Wärtsilä has been awarded the contract by Gdansk Shiprepair Yard Remontowa S.A., to supply a scope of engines, propulsion machinery, integrated automation systems, and gas handling systems required for the mid-life upgrading of two RoPax ferries and their conversion to operate on LNG fuel


Sea Chest Blanks Ordered for Gina Krog FSO

Miko used a laser scanner to measure the Gina Krog for its Miko closures (Photo: Miko Marine)

Teekay Shipping has ordered four sea chest blanks from Norwegian magnetic technology specialists, Miko Marine. The closures will be delivered in August for use on the former shuttle tanker Randgrid which is currently undergoing a $220 million conversion into the Gina Krog floating storage and


Damen’s Offers Solutions for Laid Up PSVs

Photo Damen PSV series

Damen Shipyards Group has developed a committed response to the increasing number of laid up Platform Supply Vessels (PSVs) resulting from the current predicament facing the offshore oil and gas industry. The Dutch company’s solution involves converting idle PSVs into vessels capable of


Conrad Earnings Down but Backlog Grows

Conrad Shipyard performs repairs and conversions at each of its five shipyards. Photo: Conrad

Conrad Industries, Inc. (OTC Pink: CNRD) announced its fourth quarter and twelve months 2015 results and backlog. For the quarter ended December 31, 2015, Conrad had net income of $3.4 million and earnings per diluted share of $0.63 compared to net income of $5






 
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