Equipment Contracts News

South Korean authorities cited the risk of Chinese economic retaliation when they charged marine technology firm SI Innotec last year with violating trade laws for its work on Taiwan's new military submarine program, according to a police document seen by Reuters and two people familiar with the matter.In a Feb. 17, 2022, affidavit to a judge seeking the arrest of SI Innotec executive director Park Mal-sik, police said authorities feared a repeat of the sweeping sanctions imposed by Beijing in 2016, after Seoul decided to install THAAD, a U.S. anti-missile system.

French industrial cable supplier Nexans has been awarded a contract by SSE Renewables to deliver cables for the recently sanctioned 1,075 megawatt (MW) Seagreen offshore wind farm project.The contract calls for Nexans to design, manufacture and install the high voltage (HV) onshore and offshore export cables.Construction on the 1,075 megawatt (MW) project, which is located 27km off the coast of Angus, will start next year. When completed in 2022/23, Seagreen 1 will be Scotland's largest wind farm.Nexans' factory in Charleston, South Carolina, will supply the three 65 km offshore export cables.

International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2015 posting revenues from port operations of US$792.0 million, an increase of two percent over the US$779.2 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$339.5 million, four percent higher than the US$326.1 million generated in the first nine months of 2014, and net income attributable to equity holders of US$136.2 million, up 0.3% over the US$135.7 million earned in the same period last year. Diluted earnings per share for the period was one percent lower at US$0.0550 from US$0.0556 in 2014.

Raytheon Anschütz do Brasil reports a number of contract awards for the supply of gyro compass and autopilot systems to new offshore platform supply vessels built at Brazilian shipyards. The largest contract covers four shipsets, each with a fully equipped triple Standard 22 gyro compass system, repeater compasses and Anschütz PilotStar D autopilot system, for four newbuilt Platform Supply Vessels, followed by various contracts for DP2-classed gyro systems, dual gyro systems and various autopilot systems.

MacGregor, part of Cargotec, wins orders worth around EUR 10 million for cargo access equipment for 4 car carriers to be built in China. The orders are for the equipment of four 6,700 unit Pure Car/Truck Carriers (PCTCs). The order for two of the vessels was received from Samjin Shipbuilding and the order for the other two was received from Jinling shipyard, where the internal ramps for the vessels will be electrically operated. MacGregor is one of the world's leading brands of engineering solutions and services for handling marine cargoes and offshore loads. Their products serve the maritime transportation, offshore and naval logistics markets, in ports and terminals as well as on board ships.

Cavotec wins two large orders for electrical power and spreader cable reels for ship-to-shore (STS) container cranes. These orders follow a recent announcement that the Group is to supply similar equipment to the Port of Colombo in Sri Lanka. The first of the two new orders is from ZPMC, the world’s largest port equipment manufacturer, for power and spreader reels for 14 STS cranes for the Rotterdam World Gateway (RWG) terminal in The Netherlands. RWG is a major port development that will offer a 1,150-metre deep-sea quay, and annual handling capacity of some 2.35 million TEUs. The terminal is scheduled to enter service in the second half of 2014.

Norway's TTS Marine wins two contracts from Korea's Hyundai Heavy Industries to supply RoRo ramps and doors TTS Marine AS, Bergen has through its subsidiary Company TTS Marine AB in Gothenburg, Sweden entered into two contracts with shipbuilder Hyundai Heavy Industries for delivery of RoRo equipment being doors & ramps totaling a value of 49 MNOK. Deliveries will take place respectfully in 2012 & 2013. Bergen-headquartered TTS is a global enterprise that designs, develops and supplies equipment for the marine and oil and gas industries. The operations are split into three separate divisions: Marine, Offshore Handling Equipment and Port and Logistics. TTS is one of the top three largest suppliers in its specialized market segments.

Aker Solutions has won two contracts to supply complete drilling equipment packages for two new deepwater drilling units that are being built by Cosco, the Chinese shipbuilding company. The combined value of the contracts is about $195 million, and includes options for a further two units. "These contracts underline our attractive offering in the deepwater drilling market. Current tender activity is high, and we are pleased to see that our position in the deepwater market is competitive…

Aker Solutions signed two contracts with Daewoo Shipbuilding & Marine Engineering (DSME) for the delivery of complete drilling equipment packages for two new deepwater drillships. The contracts have a total value of about $230m. The drilling equipment and systems will be installed on the two vessels, which are being constructed at DSME's yard in South Korea. Each delivery has a contract value of about $115 million, and includes options for additional equipment and services. "We are very pleased to supply another pair of Aker Solutions' drilling equipment packages to DSME and its clients…

Today four oil majors – Chevron, ConocoPhillips, ExxonMobil and Shell – announced a plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deepwater Gulf of Mexico. Significantly, the companies have already committed $1 billion to fund the initial costs of the system, and the four will form a non-profit organization, the Marine Well Containment Company, to operate and maintain this system. Other companies will be invited and encouraged to participate in this organization.

Aker Solutions has been awarded two contracts with Daewoo Shipbuilding & Marine Engineering in for the delivery of identical drilling equipment packages for Odebrecht's two new drillships. The total contract value for Aker Solutions is approximately $260m. The scope of work for Aker Solutions is to deliver complete drilling equipment packages consisting of engineering, equipment deliveries and commissioning services. The first drillship is scheduled for delivery in Q1/2011 and the second in Q2/2011.

Eastern Echo Holding Plc signed the shipbuilding contracts with Dubai Drydocks and the design and equipment contracts with Ulstein Design AS, for two seismic vessels, each capable of towing up to 12 streamers. The shipbuilding contracts conclude and replace the original letter of intent (LOI) announced on the 20 September 2007. ‘We are pleased to announce the signing of these contracts today with Dubai Drydocks and Ulstein Design AS. The two new seismic vessels covered under this agreement will ensure the placement of the Eastern Echo fleet at the top end of the premium 3D seismic segment’, comments CEO Rolf Rønningen in Eastern Echo.

The Aker Kvaerner subsidiary, Maritime Pusnes, has had a busy start to the new year winning contracts for over NOK 180 million. The contracts involve both marine and offshore equipment demonstrating MP's strength in both these market sectors. Two contracts to supply mooring and riser pull-in equipment for a Floating Production, Storage and Offloading (FPSO) vessel that will be located off the coast of Angola. The mooring equipment consists of 12 underwater (hull-mounted) fairleads for 146 mm chain. Two large linear wire winches will be supplied to pull in and tension the mooring lines. In addition, 12 deck-mounted chain stoppers and overboard fairleads will be produced.

Aker Kvaerner has been awarded two drilling equipment contracts by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) in Korea; one for a single drillship, the other one for a semi rig. The total contract value for Aker Kvaerner is approximately $213m. The scope of work for both contracts is to deliver complete drilling equipment packages including installation and commissioning supervision. The contracts will be executed by the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand, Norway which is recognised for its field-proven drilling equipment. The delivery of drilling equipment to DSME's drillship will be based on a solution delivered to ultra deepwater semi submersibles, and will be adapted to fit their multipurpose floater.