Aker Kvaerner has signed a contract with Daewoo Shipbuilding & Marine Engineering Co. Ltd in South Korea for delivery of drilling systems for two semi-submersible drilling rigs ordered by SeaDrill. The total contract value for Aker Kvaerner is approximately NOK 930 million. The scope of work for Aker Kvaerner MH is to deliver two complete drilling packages consisting of engineering, equipment deliveries and commissioning services. The contract between Daewoo shipbuilding & Marine Engineering Co. Ltd. and Aker Kvaerner MH includes opportunities for options to be agreed and amended at a later stage. The deepwater semi-submersible drilling rigs are scheduled for delivery in Q1/2008 and Q3/2008. The drilling rigs will be designed for worldwide operation, including operation on the Norwegian continental Shelf.
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
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.
W R Systems, Ltd., Awarded Contract for Military Sealift Command N00033-12-C-8011 for USS PONCE (LPD 15) Bridge. W R Systems, Ltd., (WRSystems), of Norfolk, VA, has been awarded a contract with Military Sealift Command (MSC) for the design, installation, commissioning, and testing of new electronic equipment of the bridge onboard USS PONCE (LPD 15). The USS PONCE bridge electronics transition team, led by WRSystems
Aker Kvaerner has been awarded a contract for delivery of mooring winches and fairleads for Statoil's Gjøa Semi. The total contract value for Aker Kvaerner. The work will be undertaken by the Aker Kvaerner subsidiary, Aker Kvaerner Pusnes in Arendal. The contract involves supply of on-vessel mooring equipment for Statoils Gjøa Semi to be installed at the Gjøa field in the North Sea. The equipment, Roller Ram Winches and Fairleads for chain are to be delivered and installed at Aker
TTS has signed a contract with ship management firm Höegh Fleet Services to provide maintenance for 29 vessels. The deal is believed to be the biggest ever service contract for pure car/truck carrier (PCTC) RoRo equipment. The contract was signed in Oslo in late September 2007 by Höegh vice-president of purchasing Kristin Haugen and Dan Magnusson, TTS Ships Equipment’s service manager, and comes into effect January 1 2008.
The contract is for the engineering, procurement, construction & installation (EPCI) of a complete pile upend, plus a lifting tool for the wind farm installation project. ArGe Baltic 2 foundations, a joint venture between Hochtief and GeoSea, has awarded Dutch Ulstein subsidiary, Ulstein Idea Equipment Solutions BV, the contract for work on the Baltic 2 wind farm installation project. The upend frame provides increased safety during pile upending operations by ensuring a balanced
Aker Kvaerner has been awarded a contract with Frontier Drilling USA Inc for delivery of a drilling equipment to the Frontier Peregrine II drillship. The total contract value for Aker Kvaerner is approximately $17m. The equipment package will be delivered in 2007.
STN ATLAS Marine Electronics has been awarded a major contract for design, supply and installation of all electrical equipment aboard the five new K130 class corvettes presently being constructed for the German Navy by the ARGE K130 shipyard consortium comprising Blohm + Voss, Lürssen, and Nordseewerke. Under the contract, the Hamburg-based company will be responsible for all switchgear, main and sub-systems as well as the planning, supply and
Finning Power Systems (Finning), the UK’s sole supplier of Caterpillar engines, has signed a contract in excess of $11.2M with BAE Systems for the supply of propulsion engines and associated machinery for the re-propulsion of eight Royal Navy HUNT Class Mine Counter-Measure Vessels (MCMVs). Following an agreement between the UK Ministry of Defence and BAE Systems, the vessels are to be refitted over a five-year period at Portsmouth naval base.
Russian Maritime Register of Shipping (RS) has performed survey of the forged blanks of a new generation RITM-200 reactor vessel for the lead dual draft nuclear icebreaker Arktika (project 22220). The new icebreaker Arktika is built to RS class with the class notation КМ
A changing tax landscape doesn’t have to mean bad news – at least not just yet. A Changing Landscape Historically, bonus depreciation has had a significant effect on construction of new vessels, allowing businesses to initially expense 30 percent
Xodus Group, Cathie Associates and UTEC Geomarine have formed an industry leading consortium to deliver a study which will aim to reduce the costs of generating electricity from offshore wind farms in U.K. waters. The Carbon Trust’s Offshore Wind Accelerator (OWA)
Drydocks World announced the completion and delivery of Eagle Louisiana, the second of two Modular Capture Vessels (MCV) for the U.S. The first MCV, Eagle Texas, sailed away from Drydocks World’s yard in August last year. The vessels are the world’s first MCVs.
Energy services firm Hunting posted pretax profit broadly flat on the previous year, but just short of analyst expectations, as a lack of drilling in the North Sea and Canada hit demand for equipment and services. The company, which provides equipment and services for drilling and completing
Richard A. Mueller named John P. Dooley President of Choice Ballast Solutions, LLC. Working in close cooperation with ballast water systems suppliers and vessel owners, Dooley will be responsible for the overall management of the Choice commercial marine business activities
On March 4, 20 trainees from the Basic Training course for the Seychelles Coast Guard took part in a training exercise covering the use of electronic navigation equipment. The training was delivered by Seychelles Coast Guard trainers and EUNAVFOR with support from EUCAP Nestor on board the French
VSE Corporation informs that its International Group has received several delivery orders totaling more than $13.4M to continue work performed under its Foreign Military Sales (FMS) Naval Ship Transfer and Repair (N*STAR) contract through the Naval Sea Systems Command (NAVSEA) International Fleet
Offshore drilling rig rates will continue to fall in the coming period and the rate spread between old and new equipment will continue to widen, Rune Lundetrae, the chief financial officer of offshore driller Seadrill said on Tuesday. "I think we will see day rates also for new equipment
Raytheon Company says it is to provide the U.S. Navy with AN/AQS-20A minehunting sonar systems and equipment. The system leverages advanced sonar technologies to support the Navy's critical minehunting missions, ensuring safe access and passage for military and civilian vessels on the world's
ITIC has warned that the so-called ‘hold harmless’ clauses in many of the contracts entered into by its members may contain pitfalls which could prejudice their rights. A mutual hold-harmless indemnity clause should provide that each party to the contract agrees to take
Reuters - Yangzijiang Shipbuilding Holdings Ltd, a top Chinese shipbuilder, plans to build more mega container ships for shipowners eager to cut operating costs. Yangzijiang is China's third-largest listed shipbuilder by market capitalisation and has boasted profit margins that dwarf those of
L-3 SAM Electronics announced today that it has been awarded a major contract to provide complete electrical packages, as well as integrated navigation, automation, communications, energy distribution and propulsion systems for Ceona Amazon, the 199-meter offshore construction and pipelaying
To celebrate its new location in San Antonio, Texas, Laborde Equipment Services (LES) opened its doors to customers and associates at an open house. The facility was overflowing as the company welcomed over 125 guests at the event. Participants were given a facility tour
Reuters – Yangzijiang Shipbuilding Holding Ltd said its fourth-quarter net profit dropped 8 percent on the year, as income from shipbuilding decreased. Privately-controlled Yangzijiang is China's third-largest listed shipbuilder by market capitalisation