Marine link
 

Major Contract

Caspian Sea Shipyard Wins BP Exploration SCV Contract

File photo

Keppel supported Baku Shipyard has won a first major contract from BP Exploration (Shah Deniz) Ltd, the operator of the Shah Deniz gas field development, to design and build a Subsea Construction Vessel (SCV). The contract is worth US$378-million, say the shipyard. When completed, the SCV will be deployed for the Stage 2 development of the Shah Deniz field, which lies some 70 kilometres offshore in the Azerbaijan sector of the Caspian Sea. The Shah Deniz Stage 2 project requires a subsea installation vessel to install the subsea structures over 11 years between 2017 and 2027. The vessel will include dynamic positioning to allow for work in 2.5 metres significant wave height (Hs), a 750 metric tonne-main crane for 600 metres-deep subsea operation, an 18-men two-bell diving system, two work-class remotely operated vehicles, a strengthened moon pool, two engine rooms with 6x4.4MW + 2x3.2MW engines and a deadweight of 5,000 metric tonnes at 6.5 metres draft. The SCV will be designed by Marine Technology Development, the ship design and development arm of Keppel Offshore & Marine (Keppel O&M) and is expected to be completed in April 2017. Mr Rovnag Abdullayev, President of State Oil Company of Azerbaijan Republic (SOCAR), said, "We are very privileged that BP Exploration (Shah Deniz) has chosen Baku Shipyard to design and build the SCV which will support the Shah Deniz gas field Stage 2 development


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


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

oceansaver_PR web.jpg

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


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


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.


Bibby Offshore Charters Construction Support Vessel

CSV Olympic ARES

Aberdeen-based subsea installation contractor Bibby Offshore has signed a charter agreement for construction support vessel (CSV), the Olympic ARES. The agreement with Olympic Shipping will initially be a seasonal charter beginning at the end of Q1 2014 with options to extend.  The vessel will be mobilized with ROVs from Bibby Offshore’s sister company Bibby Remote Intervention Limited and the companies together with Olympic Shipping shall jointly market the vessel from when it


VARD Bags Three-vessel Contract

Vard Holdings - A FINCANTIERI Co. Photo Vard

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels secured a contract for the design and construction of three vessels for an undisclosed client. The aggregate contract price is approximately USD 70 million


Cost Cuts Ease Pain of Maersk's Gloomy Shipping Forecast

File photo: Maersk Line

Net profit below forecasts, operating figure above; group hit by low freight rates and low oil prices. A.P. Moller-Maersk's progress in cutting costs reassured investors on Friday after the Danish shipping and oil giant reported a sharp decline in quarterly profit and its new chief executive


Sea Trucks Wins IMR Work in West Africa

Jascon 55 (Photo: Sea Trucks Group)

Netherlands-based Sea Trucks Group (STG) said it has secured a contract award from an oil major in West Africa. STG was awarded an inspection, maintenance and repair contract for anoil major in West Africa with commencement during Q4 2016


FORAN System of Designing, Building Twin Vessels Presented at SNAME

Verónica Alonso de los Ríos, presented the solution offered by the FORAN system for designing and building twin vessels Photo SENER

The engineering and technology group SENER has once again participated in “SMC 2016”, the annual maritime convention organized by the Society of Naval Architects and Marine Engineers (SNAME) that brings together the main players in the US marine industry


Demand Rising for Cyrogenic Valves in Marine Sector

Photo: Bestobell

UK-based manufacturer of cryogenic valves Bestobell Marine said it has seen a major increase in demand for its cryogenic valves from the marine sector in the U.S. This is largely due to the new Emissions Control Areas (ECA) which is increasing the number of dual-fuel vessels being commissioned


Ceona Ship Goes to Court Appointed Administrator

Photo: Ceona

 UK offshore vessel owner  Subsea contractor Ceona has gone into administration, with the loss of 102 jobs.   Ceona and Ceona Services (UK) Ltd have been hit by the depressed subsea market caused by the low price of Brent crude oil.  


10 Optimarin BWT system for Asian Shipowner

Tore Andersen, CEO Optimarin

  Ballast water treatment (BWT) specialist Optimarin has secured a fleet agreement for the installation of 10 of its flexible, reliable and environmentally friendly systems with an unnamed Asian shipowner. The contract, covering a group of 6,700 TEU container vessels


SapuraKencana Operations in Brazil Grows

Sapura Jade Photo SapuraKencana

SapuraKencana Petroleum Berhad's (“SapuraKencana”) presence in Brazil continues to grow after entering the market with its first pipelaying support vessel (“PLSV”), Sapura Diamante, on June 28, 2014. On 14 February 2016, its latest PLSV


Lucion Awarded UK Bunker Testing Contract

Photo: Lucion Marine

Lucion Marine wins U.K. ports fuel oil sampling contract with the Maritime Coastguard Agency   Hazardous material and risk management specialist Lucion Marine, part of the Lucion Services Group, has won a major contract with the U.K.’s Maritime and Coastguard Agency (MCA) to provide


Radio Holland Secures FLNG Contract for Keppel

Photo: Radio Holland

Radio Holland, member of RH Marine Group, was awarded a FLNG project from Keppel Shipyard in Singapore. The contract encompasses an Offshore Telecommunication System package for the Golar Hilli LNG carrier, which is being converted into a Floating Liquefied Natural Gas (FLNG) unit


Offshore Casualty: Harkand Group Collapses

The versatile Harkand Go Electra is a DP2 multi-purpose ROV, survey and air diving vessel and has recently completed its first campaign in the Caribbean. (Photo: Harkand)

As the prolonged slump in energy prices continues to drag on a number of oil and gas and maritime players, word has it that Harkand Group has succumbed, according to staff reports and a report on www.bbc.com. The company was a high-flyer building an enviable fleet of advanced tonnage


Vard Back in the Black

OSCV for Farstad under construction at Vard VungTau Photo Vard Holdings

Presenting its financial results for the first quarter ended 31 March 2016 today Vard Holdings Limited announced a net profit of NOK 43 million for the period, as compared to a loss of NOK 226 million a year back. Over the past quarter, VARD had focused on efforts to grow in new markets while


Crowley Ramps up Investment in Puerto Rico

First row (L to R): John Hutchins, principal, Harbor Consulting Engineers; Tucker Gilliam, vice president, Crowley; Humberto Reynolds, president, Del Valle Group; second row: Carmelo Calderon, vice president, infrastructure division, Del Valle Group; Jose Soler, project manager, Del Valle Group. (Photo: Crowley)

Crowley Puerto Rico Services announced an additional $21 million construction contract for improvements and upgrades at its Isla Grande port terminal in San Juan.    The contract was awarded to Del Valle Group, S.P. of Toa Baja, Puerto Rico


Subsea 7 Awarded $1bn Wind Farm Offshore UK Deal

Subsea 7 awarded  contract worth over $1bn Photo Subsea 7

Subsea 7 S.A. informed today the details of the major(1) contract award that was first announced on 20 May 2016 . The contract was awarded by Beatrice Offshore Windfarm Limited (BOWL)(2), for the engineering, procurement, construction and installation (EPCI) of the Beatrice wind farm turbine


Radio Holland Wins Contracts for Canadian Coast Guard Vessels

The CCGS Pierre Radisson, a 320 ice breaker from the Canadian Coast Guard (Source: John E Heintz Jr / Shutterstock.com)

Radio Holland Canada has won two major contracts to support the Canadian Coast Guard. Public Works and Government Services Canada, which is responsible for government procurement, has awarded Radio Holland Canada a multimillion dollar contract to supply Furuno ECDIS and radars for the Canadian






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright