Major Contract

STN Atlas Wins Contract for German Corvettes

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 installation of cabling. Other facilities to be provided include converters, lighting equipment, command and warning systems and power backup in addition to a number of special systems such as those for degaussing for magnetic self-protection. The contract also calls for comprehensive tests and trials for an operational workplan covering all items of equipment and measures to provide logistical support for their continuing availability. The first of the 292-ft. (89-m) vessels, whose advanced features include significant reductions in radar and infrared signatures, is due for commissioning in 2007.

SBM Offshore Raises Net Income Expectations

SBM Offshore N.V. announced that it has raised its 2006 net income expectations from the $165m originally forecast in January of this year to $185m. This increase results from several developments during recent months: • recently announced major contract awards and execution of contracts in hand have enhanced expected returns from turnkey systems projects in 2006; • good performance of F(P)SO fleet generates bonus revenues in excess of originally budgeted amounts;

Berg Propulsion’s Breakthrough Contract in Ukraine

Berg Propulsion has secured its first major contract from a Ukraine-based shipowner. The grain trader, terminal operator and transport company has placed orders for Berg Azimuth Thrusters as part of its multi-million dollar fleet investment programme. The BAT 416 units will be fitted to a series of new tugs, being built in the Ukraine. This is the biggest single order to date for the BAT azimuth thruster system, which was launched by Berg Propulsion in 2009.

BW Ventures to Acquire OceanSaver

BW Ventures and Investinor AS have made an agreement to acquire OceanSaver, a ballast water management (BWM) system provider. This move strengthens OceanSaver’s expansion strategy and roll out of its current $67m BWM order book.  The sale will be finalized following approval by the Norwegian competition authorities and the completion of some due diligence issues with the new owners. OceanSaver had major contracts for 22 BWM systems for tanker vessels in 2010

OceanSaver BWT Chosen for VLCC Newbuildings

Chinese Shipyard orders next generation ballast water treatment system by OceanSaver.   Rongsheng Shipbuilding Heavy Industries, a large heavy industries shipbuilding group in China, has chosen Mark II, OceanSaver’s next generation ballast water treatment system, for two 317.000 dwt VLCC newbuildings. The contract comes just weeks after DNV type approval, certifying Mark II to fully meet the requirements of the International Ballast Water Convention

Kongsberg Maritime Wins Contract for Tidal Stream Project

A contract has been awarded to Kongsberg Maritime Ltd. to conduct underwater noise studies for an offshore renewables project which could eventually lead to 400MW being installed in the Inner Sound of the Pentland Firth. The contract, awarded by MeyGen Limited, will involve Kongsberg Maritime Ltd. conducting both baseline and operational noise measurements from prototype tidal devices to assess the potential effects of underwater noise on marine life.

Kuwait Coast Guard Orders Atlas VTS

Bremen-based STN Atlas Elektronik has been awarded a major contract to supply the Kuwaiti National Coast Guard with a new purpose-designed radar-based coastal surveillance system due to begin service in 2005. The system will comprise a series of nine Atlas 9760 VTS high-resolution radar stations providing loss-free digitized raw video for operator detection of all sizes of targets, particularly very small ones. Additionally

Aker Kvaerner Releases First Quarter Results

Aker Kvaerner experienced a positive first quarter with an EBITDA of NOK 376 million, reflecting an increase by 20 percent compared to the corresponding quarter last year. The previously stated target of an annualised EBITDA of NOK 1.5 billion in the first half of 2005, was achieved in the first quarter. Few major contracts were announced in the first quarter, but a steady stream of orders resulted in a satisfactory order intake and brought the order backlog to a record-high level of NOK 37

Harris PYE Assists in Saga Pearl II Refit

Saga's newly acquired cruise ship, currently called the Astoria and to be transformed into Saga Pearl II, the latest addition to their fleet, is to undergo her refit and total refurbishment in Swansea Dry Docks, Wales. The Harris Pye Group, based in Barry in Wales, has won two major contracts connected to the work on the vessel being undertaken over the course of the next five months. The first contract won by Harris Pye Group for a cruise vessel in South Wales is for the provision of the

Next Generation BWT Technology Secures Six Ships

Ciner Shipping Industry & Trading, a subsidiary within Ciner Group, one of Turkey’s growing commerce, industry and service conglomerates, has secured OceanSaver MARK II systems for two suezmax tankers at China’s Bohai Shipbuilding Heavy Industry and four bulk carriers at SPP Shipyard in Korea.   Twelve weeks ago OceanSaver informed the market about the launch of its next generation BWT Mark II system and goals to introduce better performing filtration technology