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Grand Banks News

28 Jul 2021

Ocearch Launches 41st White Shark Research Expedition

Credit: Ocearch

Non-profit organization Ocearch said Tuesday it was embarking on its 41st ocean research expedition "to help solve the life history puzzle of the Northwest Atlantic white shark."Alongside 42 scientists and 28 research institutions the organization will collect data to support 23 science projects that will help form a complete picture of the ecology, behavior and health of the white shark in the Northwest Atlantic Ocean. The company said it was headed back to the area where they first began their Northwest Atlantic White Shark Study nine years ago, off the coast of Massachusetts.

08 Feb 2019

Int'l Ice Patrol Resumes Operations for 2019 Season

file Image: CREDIT AdobeStock / © ggw

The Coast Guard International Ice Patrol announced it has commenced operations for the 2019 ice season as of Feb. 5, 2019 and will resume production of the North American Ice Service (NAIS) daily iceberg warning products from its operations center in New London, Connecticut.The International Ice Patrol generates the iceberg warnings from February through August, when icebergs pose the greatest threat to transatlantic shipping. The Canadian Ice Service generates the iceberg warning products for the remainder of the year.

22 Aug 2018

New Gensets for De Beers’ Diamond Mining Vessel

Mining vessel Debmar Pacific departing from Cape Town, outfitted with new Wärtsilä gensets (Photo: Wärtsilä)

Wärtsilä and De Beers Marine have signed an agreement for the replacement of generating sets aboard De Beers’ diamond mining ship Debmar Pacific. The vessel, originally built in the 1970s, will be outfitted with new Wärtsilä gensets to extend its lifetime and improve reliability.Debmar Pacific is engaged in diamond mining operations off the coast of Namibia. With modern gensets, the lifetime of the vessel is extended and its specific fuel oil consumption (SFOC) is reduced. In addition…

28 Mar 2017

Simulation: The Centre for Marine Simulation

Photo: The Centre for Marine Simulation

St. CMS operates a range of marine simulation equipment that covers a broad range of marine and offshore activities. Much of the equipment is highly specialized and unique including fully motion capable simulators. The center also provides technical management and support of simulation equipment that is used by other parts of the Marine Institute. CMS simulation activities can be divided into three main areas; Training, Industrial Response, and Applied Research. To support these…

05 Aug 2016

Is it a Ship or Iceberg?

Small iceberg off the port bow of Canadian Coast Guard ship Louis St-Laurent. (Photo: Canadian Coast Guard)

Developing the capability to discriminate between ships and icebergs in northern latitudes is a common interest shared by Canada’s Department of National Defense (DND) and the oil and gas industry. For DND, the focus is on ship detection for maritime security, whereas oil and gas companies are interested in detecting icebergs to ensure primarily the safety and also the productivity of offshore exploration and production operations. The Polar Epsilon and Polar Epsilon-2 applied…

25 Jul 2016

C. Raymond Hunt Associates Celebrates 50 Years

(Photo: C. Raymond Hunt Associates)

C. Raymond Hunt Associates, a boat design firm that continues to expand on the legacy of its founder, C. Raymond Hunt, to produce innovative boats with rugged seaworthiness, is now celebrating its 50th year. “Ray Hunt was a genius, able to intuitively know how boats work and with the courage to experiment,” said C. Raymond Hunt Associates President, Winn Willard. “We have taken Ray's ideas and applied them, honing our expertise and knowledge from the days of the early deep-v hulls. Now we have an 11-meter RIB on virtually every large ship in the U.S.

02 May 2016

TGS, PGS Team Up on Eastern Canada Seismic

TGS announces the expansion of its multi-client library offshore Eastern Canada with plans to acquire more than 36,000 km of 2D seismic data, in partnership with PGS, utilizing two vessels during the 2016 acquisition season. The M/V Sanco Spirit and M/V Atlantic Explorer, utilizing the PGS GeoStreamer technology, will acquire seismic and gravity data in the Labrador Sea, Newfoundland Orphan-Flemish Pass basins and Grand Banks areas. Data acquisition will commence during late May 2016. Pre-processing of the initial GeoStreamer signal will be performed by PGS following which TGS will perform data processing with final data available to clients in Q3 2017.

25 Feb 2016

Transocean 4Q Revenue Up

Transocean Ltd. Revenues were $1.85 billion, up from $1.61 billion in the third quarter of 2015; Operating and maintenance expenses were $794 million, down from $880 million in the prior period; Adjusted net income was $615 million, $1.68 per diluted share, excluding $4 million of net unfavorable items. - Contract backlog was $15.5 billion as of the February 11, 2016, Fleet Status Report. ZUG, SWITZERLAND-February 24, 2016-Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today reported net income attributable to controlling interest of $611 million, $1.66 per diluted share, for the three months ended December 31, 2015. * $22 million, $0.06 per diluted share, related to restructuring costs; and $1 million in discontinued operations.

13 Nov 2015

PGS : Building Further Success in Newfoundland, Labrador

PGS has recently completed the fifth consecutive acquisition season offshore Newfoundland and Labrador as part of the ongoing joint venture (JV) with TGS. The successful 2015 season was the biggest yet with PGS operating four vessels, two 3D and two 2D vessels, all of them equipped with GeoStreamer, PGS' broadband technology. This season marked the commencement of the first MultiClient 3D programs to be acquired by the JV, as well as continued building of the regional MultiClient 2D library coverage. * Most 3D seismic ever acquired in a single season offshore Newfoundland and Labrador. The Ramform Valiant acquired 4 339 square kilometers over exploration block EL-1135 in the Flemish Pass basin.

27 Oct 2015

Grand Banks Yachts Swings Back into Black

The builder of luxury yachts Grand Banks Yachts swung to a net profit of $1.2 million for the first quarter ended Sept 30 compared to a net loss of $1.3 million for the year-ago period. Following restructuring efforts after a major acquisition, gross profit margin increased to 24.5% from 9.5% a year ago. The SGX Mainboard-listed builder yachts said net profit rose after introducing initiatives to integrate design, production and marketing following the acquisition of Palm Beach Motor Yacht Co of Australia, which was completed on Aug 1, 2014. Since the acquisition, the Group has aligned production between facilities in Malaysia and Australia. The Group migrated production of certain Palm Beach models to Malaysia where costs are lower.

22 Apr 2015

Keel laying Ceremony of Damen PSVs for Atlantic Towing

In a keel laying ceremony attended by key client representatives, Damen Shipyards Galaţimarked the start of construction of two Platform Supply Vessels – PSV 5000 – for Canadian maritime services provider Atlantic Towing. The 90-metre vessels are part of a multiple vessel order thatincludes three identical supply vessels and one designed specifically for inspection, repair and maintenance duties. Atlantic Towing will mobilise all four vessels in North Atlantic oil fields off the Canadian coast. “These ships are designed to deal with the harsh environment of the Grand Banks,” explains Damen Manager North America Jan van Hogerwou. “Not only in terms of the task they will perform, but also concerning seakeeping characteristics.

25 Feb 2015

International Ice Patrol Opens Annual Ice Season

The U.S. Coast Guard International Ice Patrol opened the annual ice season February 3 to detect and track icebergs in the North Atlantic Ocean. The IIP deployed its first Ice Reconnaissance Detachment (IRD) to Newfoundland, Canada, to meet with Canadian partners and to conduct the initial aerial patrols of the season. The IIP conducts iceberg reconnaissance using HC-130J Hercules aircraft from U.S. Coast Guard Air Station Elizabeth City, North Carolina. The IRD detected 156 icebergs on this first deployment. The IIP will continue to monitor the risk of iceberg collision in the North Atlantic Ocean and distribute daily iceberg warnings to the maritime community throughout the season. IRDs will deploy to Canada until late in the summer.

07 Jul 2014

Atlantic Towing Orders Ice Class Damen PSVs

Photo: Damen

Atlantic Towing (USA) has selected newly-designed, ice-strengthened PSV 5000 vessels from Damen Shipyards Group to meet its 10-year offshore support contract with ExxonMobil Canada Properties and Hibernia Management and Development Company Ltd. (HMDC). The vessels will operate in the sub-arctic waters of the Hibernia and Hebron oil fields, off Newfoundland and Labrador. ATL will take delivery of four PSV 5000 vessels, one of which will be equipped for inspection, repair and maintenance duties.

29 Jan 2014

Arctic Standards Development Moves Ahead

Improving and updating Arctic design standards for material, equipment, and offshore structures for the petroleum, petrochemical and natural gas industries. Seventy representatives from seven countries met for two days in St. John’s, Newfoundland and Labrador in early October to further the creation of standards for resource development in the Arctic. The countries represented included Canada, UK, France, Italy, Norway, Netherlands, and Russian Federation. It was the third annual…

29 Jan 2014

International Ice Patrol Opens 2014 Season

The U.S. Coast Guard International Ice Patrol (IIP) is scheduled to take over responsibility Wednesday for issuing daily iceberg warnings for the North Atlantic Ocean from the Canadian Ice Service under the North American Ice Service (NAIS) collaboration marking the beginning of the 2014 ice season. In early February, the IIP will deploy the first ice reconnaissance detachment to Newfoundland, Canada to meet with Canadian partners and to conduct the initial aerial patrols of the season. Iceberg reconnaissance is conducted primarily with HC-130J aircraft from U.S.

29 Jan 2014

Grand Banks Iceberg Warning System Activates for 2014

Photo credit Canadian Government

The U.S. Coast Guard International Ice Patrol (IIP) announce it is scheduled to take over responsibility Wednesday for issuing daily iceberg warnings for the North Atlantic Ocean  marking the beginning of the 2014 Ice Season. In early February, the IIP will deploy the first ice reconnaissance detachment to Newfoundland, Canada to meet with Canadian partners and to conduct the initial aerial patrols of the season. Iceberg reconnaissance is conducted primarily with HC-130J aircraft from U.S. Coast Guard Air Station Elizabeth City, N.C.

25 Jun 2013

International Ice Patrol Gallery Opens at Mystic Aquarium

Dr. Coan, President and Chief Executive Officer of the Sea Research Foundation, presents a plaque commemorating the centennial of the International Ice Patrol to CDR Lisa Mack, Commander of the International Ice Patrol, at the official opening of the Ice Patrol gallery at the Mystic Aquarium.

The Sea Research Foundation opened its “Titanic – 12,450 Feet Below” in the Ocean Exploration Center of the Mystic Aquarium in Connecticut in April of 2012. This year, the Foundation expanded the exhibit to include a gallery about the U.S. Coast Guard International Ice Patrol as a positive outcome of the tragedy. The addition officially opened in April of 2013, the month that also marked the Ice Patrol’s centennial. In April of 1912, the RMS Titanic, on her maiden voyage, struck an iceberg near the Tail of the Grand Banks of Newfoundland, and sank with the loss of more than 1,500 lives.

20 Mar 2013

Oceanex Is Building Innovation

Seated at his desk with a view of St. John’s harbour, Oceanex Executive Chairman Captain Sid Hynes is highlighting the innovation in the Oceanex Connaigra, Oceanex Inc.,’s 210-m custom-designed container/roll on roll off (Con/Ro) ice class 1A ship that is presently coming to life in the Flensburger Schiffbau-Gesellschaft mbH & Co. (FSG) shipyard in Flensburg, Germany. Following four years of study and research, the design stage was completed. First steel was cut in October 2012, and the keel was laid on February 11,  2013.

12 Mar 2013

Kvaerner Wins EPC Contract for Hebron GBS Project

Photo: Kvaerner

ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS). The contract value for Kvaerner's share of the full EPC contract is approximately $1.5 billion and includes work conducted to date on the Hebron project. The authorization to proceed with the full EPC contract follows the substantial completion of the Front End Engineering and Design (FEED) and site preparation contract awarded November 9…

12 Mar 2013

Kværner Wins GBS Offshore Newfoundland Contract

Kvaerner's GBS Track Record: Image credit: Kvaerner

Kvaerner Contractors to provide engineering, procurement & construction (EPC) services for the Hebron Project gravity based structure (GBS). ExxonMobil Canada Properties has released the option for Kvaerner's joint venture company Kiewit-Kvaerner Contractors to provide the full scope of engineering, procurement and construction (EPC) services for the Hebron Project gravity based structure (GBS). The contract value for Kvaerner's share of the full EPC contract is approximately USD 1.5 billion and includes work conducted to date on the Hebron project.

19 Nov 2012

Transocean Ltd Provides Fleet Update Summary

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) has issued a monthly fleet update summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned out of service time of 15 or more days since October 17, 2012. Backlog for new contracts or extensions associated with continuing operations since the October 17, 2012 fleet status report is approximately $1.1 billion. Estimated 2012 out of service time for continuing operations increased by a net 25 days; 2013 out of service time decreased by a net 39 days. Estimated out of service time on rigs classified as discontinued operations increased by a net 93 days for 2012 and decreased by a net five days for 2013.

16 Mar 2012

Transocean Provides Fleet Update Summary

Transocean Ltd. today issued a monthly fleet update summary which includes newly signed contracts, significant changes to existing contracts, and changes in estimated planned out of service time of 15 days or longer for all rig classifications since the previously issued comprehensive fleet status report or fleet update summary. Deepwater Expedition - Awarded a two-year contract with an undisclosed customer commencing December 2012 at an initial dayrate of $650,000 ($475 million contract backlog). Additionally, the contract includes three priced eight-month option periods. Discoverer Seven Seas - Awarded a three-well contract (approximately 180 days) for work offshore Indonesia at a dayrate of $445,000 ($80 million contract backlog). The rig's prior dayrate was $295,000.

11 Jan 2012

Roy Sea Joins IYC

Roy Sea, IYC Florida and California Licensed Yacht Broker.

Roy Sea Joins IYC as Florida and California Licensed Yacht Broker. International Yacht Collection (IYC) has announced that, effective immediately, Roy Sea joins the global yachting firm as a Florida and California Licensed Yacht Broker. With a yachting background that spans forty years, Roy Sea has expertise in many of the world’s leading yacht brands and brokerages: Broward, Burger Boat Company, Christensen, Feadship, Jarrett Bay Yacht Sales (Hatteras, Grand Banks and Albemarle), Merrill Stevens, Ocean Alexander, Palmer Johnson, Vicem USA and Viking to name but a few.

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