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Management Contract News

06 Feb 2024

Eidesvik Extends Contract with DEME for Viking Neptun CSV

Viking Neptun CSV (Credit: DEME)

Eidesvik Offshore, a Norwegian offshore vessel owner, has signed a ship management contract extension with DEME for construction support vessel (CSV) Viking Neptun.The three-year extension also includes a two-year option for further extension, according to Eidesvik Offshore.The company has provided full technical management, crewing and operation of Viking Neptun since December 2022.In November the same year, Eidesvik Offshore completed the sale of Viking Neptun CSV to DEME.“This extension is a testament to the exceptional performance of our dedicated crews.

15 Aug 2023

Blue Ocean Transfers: A New Jones Act CTV Player Emerges

(Image: Blue Ocean Transfers)

There's a new player in the Jones Act crew transfer vessel (CTV) market: Blue Ocean Transfers (BOT), based on Long Island, N.Y.The McQuilling-Partners-owned company is planning to build a fleet of CTVs to support the U.S. offshore wind industry as it ramps up to meet the Biden administration's goal of 30 gigawatts (GW) of offshore wind by 2030. "BOT is a marine logistics equipment manager, whose equipment is chartered and deployed by wind field developers and their suppliers," the company said in a statement.

24 May 2023

Waypoints Projects Launches to Provide Project Support and Training Services

Thomas van Tol, founder and director of Waypoints Projects (Photo: Waypoints Projects)

A new maritime and industrial project management firm, Waypoints Projects, has officially launched. Founded by Thomas van Tol, Waypoints Projects offers expert project support and training for businesses before, during and after projects. Van Tol started his career as a project manager at Damen, and over the years rose to project director, heading up large projects worth over €100 million  and 100 of staff. In 2020, he co-founded The Synergy Partner, a maritime consultancy firm focused on maritime project management…

13 Dec 2022

Great Ships '22: Deepwater Atlas, “World’s First Eighth-Gen Ultra-Deepwater Drillship”

A Look inside the Deepwater Atlas, “World’s First Eighth-Generation Ultra-Deepwater Drillship”. Image courtesy Transocean

Marijana Sosic, Manager, Technical Marketing at Transocean, discusses some of the outstanding features of the Deepwater Atlas – Built in Singapore at Sembcorp Marine's Jurong Shipyard and flying the Marshall Islands flag – and sister-ship Deepwater Titan , which together represent an investment of more than $2 billion.The Deepwater Atlas was launched this year in Singapore. What, specifically, is so special about it?The Deepwater Atlas is the first of its kind eighth-generation drillship that will offer 20,000 psi well control capabilities and a 3.4 million pound hoisting capacity.

22 Apr 2021

Lemcool Joins Eastern Shipbuilding Group

Lance C. Lemcool has accepted the position as vice president of commercial sales and marketing at ESG. (Photo courtesy ESG)

Eastern Shipbuilding Group, Inc. (ESG) announced that Lance C. Lemcool has accepted the position as vice president of commercial sales and marketing. “Lance is a welcome addition to the ESG leadership team”, said Joey D’Isernia, president of Eastern Shipbuilding. “He is versed in nearly all areas of shipbuilding and his experience will be well applied to maintaining our status as a world class builder of government and commercial vessels.”Lemcool, a veteran of the United States Air Force and United States Navy, started his career in the marine industry in 1989.

04 Mar 2021

Hybrid Accommodation Vessel MWV Falgout Delivered

MWV Falgout (Photo: VOS)

The Chinese-built hybrid accommodation vessel MWV Falgout has been delivered to end client Brunei Shell Petroleum.The 80-meter vessel, a new purchase for Bruneian owners JISCO Marine Sdn Bhd, will be employed on long-term charter for the Bruneian oil and gas company. The ship was officially accepted into charter on February 17.Vroon Offshore Services (VOS) Singapore secured a two-year ship management contract for the vessel at the end of 2020, though the company said early months of the project involved taking delivery of MWV Falgout in China…

08 Jan 2021

Munn Named VP and CFO of Ingalls Shipbuilding

Keith Munn (Photo: HII)

America's largest military shipbuilder Huntington Ingalls Industries announced Friday that Keith Munn has been promoted to vice president, business management, and chief financial officer for its Ingalls Shipbuilding division in Pascagoula, Miss.Effective February 15, Munn will be responsible for all financial management, contract management and business management functions at Ingalls, reporting to Ingalls Shipbuilding President Brian Cuccias. Munn replaces Tom Stiehle, who has…

03 Jan 2020

ENA Shogun Signed On One-year Deal

ENA Shogun (Photo: VOS Singapore)

Anchor-handling tug supply (AHTS) vessel ENA Shogun will commence a one-year project (+options to proceed further) with a Bruneian oil company, primarily supporting semi-submersible rigs in their fleet.VOS Singapore said it has secured a third-party ship management contract with a Bruneian offshore support vessel (OSV) owner/operator Lantana Services Sdn Bhd.ENA Shogun is a 200TBP, 16,314bhp, DP2, FIFI1, 2011-built AHTS vessel.Left to right: Ernest Loh, Business Manager, VOS Singapore; Sivakumar Ramudu, Manager Ship Management, VOS Singapore; Steven Tan, Operations Manager, VOS Singapore; Arev

24 Sep 2019

JR Shipping Adds 2 Container Feeder Ships

Netherlands' short sea shipping firm JR Shipping has expanded its container feeder fleet by purchasing a vessel and entering into a new management contract.According to a press note from the Harlingen-based shipowner and manager, the two vessels were transferred to the shipping company. They will be registered under the flag of Madeira and sail under the names MV Expert and MV Energy. Confeeder Shipping & Chartering is responsible for the commercial management.The new management contract concerns MV Expert. She is an 800 TEU short-sea feeder and was built by Damen Shipyard Group in 2011. This vessel is specifically equipped for 45-feet containers and…

31 Jul 2019

KBR Wins Aramco Offshore Contract

American engineering company KBR, Inc., announced that it has been awarded a project management contract by Saudi Aramco to provide project management services for Saudi Aramco's offshore program.KBR will provide project management and engineering services for existing and new offshore facilities to maintain and increase crude production levels to meet Saudi Aramco's maximum sustained capability for production under the company's capital program under the terms of this six-year contract.KBR's Saudi joint venture company, KBR-AMCDE, will undertake all in-kingdom work scopes while KBR's Houston and London operations centers will execute all out-of-kingdom scopes.

04 Jul 2019

MAN in Global Service Deal with Wallem

German solution provider to the marine and energy sectors, MAN Energy Solutions (MES) has signed a Global Key Account Management contract with Hong Kongbased Wallem Group.The contract covers the supply of spares and services to MAN main engines, generators and turbochargers aboard vessels managed by Wallem, the provider of technology-driven maritime solutions.According to a press release from Augsburg-based MES, the global agreement covers all offices of the Wallem Group and provides access to a dedicated global and local key account manager from MAN PrimeServ, MAN Energy Solutions’ after-sales division. MAN PrimeServ will manage the contract from Hong Kong in close cooperation with a network of over 100 global PrimeServ hubs.Wallem currently has over 200 vessels under asset management…

10 Apr 2019

CMA CGM Finalizes Ceva Logistics Tender

French shipping giant CMA CGM has completed its public tender offer to acquire CEVA Logistics.The French carrier has confirmed the acquisition of Ceva Logistics after announcing it holds 97.89 percent of the company’s stock and will therefore de-list it from the Zurich Stock Exchange after April 16."Merging CEVA's operations into the CMA CGM Group will strengthen its position as a worldwide leader in maritime transport and logistics. Present in 160 countries, the Group will be 110,000 people strong with more than $30 billion in revenue," said a statement from the company.The CMA CGM Group will now be able to meet the logistics needs of its customers around the world with a comprehensive range of solutions across the supply chain…

21 Jan 2019

GC Rieber Bags Statnett Management Contract

Norwegian shipping company GC Rieber Shipping has won a technical management contract from Statnett Transport for the Norwegian logistics company’s two RoRo vessels.The vessels are the 9,120-bhp Elektron (built 2008) and 1,500-bhp Elektron II (built 1969), said a stock exchange announcement from the company that operates offshore subsea support vessels, marine seismic vessels and polar logistics and research expeditions."The contract has a duration of three years plus options. The vessels are mainly used for subsea works and transport of transformers, generators and turbines to Norwegian energy plants," said the statement.GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels…

28 Dec 2018

Transocean: $830M Drilling Contract for Ultra Deepwater Drillship

While the late 2018 oil price swoon has put a damper on an otherwise positive year for offshore energy markets, Transocean Ltd. (NYSE: RIG) ends the year on a positive, signing a construction management contract, as well as a five-year drilling contract with Chevron USA, Inc. for one of its two dynamically positioned (DP) ultra-deepwater drillships currently under construction at the Jurong shipyard in Singapore.The drilling contract has an estimated backlog of $830 million, excluding mobilization and reimbursables.The rig will be the first ultra-deepwater floater rated for 20,000 psi operations and is expected to commence operations in the Gulf of Mexico in the second half of 2021.In the event of termination for convenience by the customer…

03 Oct 2018

Anthony Veder, Bunker Connect Pact for ARA Ports

Anthony Veder and Bunker Connect have signed a bunker procurement and management contract for the Amsterdam-Rotterdam-Antwerp (ARA) set of ports.Upon successful implementation in the ARA area, Anthony Veder and Bunker Connect will look at further expanding their cooperation.The partnership enables Anthony Veder to transform its fuel trading procedures, using the Bunker Connect platform that offers real-time fuel trading. This innovative online platform facilitates the entire process starting with a live quotation system to bunker delivery receipts.It also enables fuel quality monitoring by analysis of results and historical data. “Anthony Veder strives to capitalize on digitization and automation opportunities that lead to better connected…

16 Jul 2018

Boskalis Bags New Contracts

Royal Boskalis Westminster N.V. (Boskalis) has acquired a sizable logistical management transport contract and has received a letter of award for the transport and float-over installation of an offshore platform with a combined contract value of approximately USD 65 million. The global services provider operating in the dredging, maritime infrastructure and maritime services sectors said that the logistical management contract scope is for the transportation of a large number of modules from a fabrication yard in Asia to a plant being developed in North America. The contract ties up two high-end open-stern heavy transport vessels for approximately 475 vessel days each commencing late 2019.

23 May 2018

Global Ports to Run Havana’s Cruise Ship Port

Independent cruise port operator Global Ports Holding announced that it has signed a 15-year management agreement with the Cuban company Aries S.A., for the operation of the cruise port in Havana, Cuba.Under the terms of the Agreement, the Group will from June 21, 2018 manage all of the cruise port operations over the life of the agreement. As consideration, the Group will be paid a management fee that is based on a number of factors including passenger numbers, with growth based incentives. In addition to operating the cruise port operations, the Group will continue to work with its Cuban partners on the design and technical specification of the cruise port investment program, including proposed new terminals.

26 Apr 2016

V.Ships Wins Fortress Deal

V.Ships Offshore, part of V.Group has been awarded a ship management contract by Fortress Transportation and Infrastructure Investors LLC to provide full technical and crew management services for an advanced SURF/IMR vessel. The ship management services will be delivered from our newly acquired Bibby Ship Management office in Singapore led by Arvind Mohan. Nineteen specialised seafarers, with final complement subject to project requirements, are being deployed on board the 2014-built DP-3 vessel, Pride, which has been on charter in Malaysian waters.

08 Mar 2016

ICTSI Income Drops 68%

International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended December 31, 2015 posting revenue from port operations of US$1.051 billion, one percent lower compared to US$1.061 billion the year earlier; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$450.0 million, two percent higher than the US$443.0 million generated the previous year; and reported Net Income attributable to equity holders of US$58.5 million, down 68 percent compared to the US$182.0 million earned in 2014. Diluted earnings per share for the period declined 85 percent to US$0.011 from US$0.075 in 2014.

03 Nov 2015

ICTSI 9M Profts Above Expectations

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.

07 Oct 2015

Crowley Awarded MSC Contract for ROCON Fleet

Crowley Maritime Corp.’s government services group has been awarded a $130 million technical management contract for five U.S. government-owned, Military Sealift Command (MSC) Roll-On/Roll-Off and container ships (ROCON). The contract will see Crowley provide full turnkey operation and management of the fleet, including crewing and scheduled/unscheduled repair and drydocking services initially for one year with four, additional one-year options. The turnover phase for the ships began on October 1. Of the five ships, two will remain berthed in Jacksonville and three will be homeported in Norfolk – all within the service area of Crowley’s local offices. This contract will have a positive economic impact through the creation of several new jobs in both Jacksonville and Norfolk.

10 Aug 2015

MSC Awards Crowley Technical Management Contract

USNS 2ND LT John P. Bobo (Photo: MSC)

Crowley Maritime Corp. informs that its global ship management group will continue the support work it is providing the U.S. Government with a new technical management contract for six Military Sealift Command (MSC) Maritime Prepositioning Ships (MPS). Crowley will provide full turnkey operation and management of the fleet, including crewing, and scheduled and unscheduled repair and dry-docking. The turnover phase will begin in late September. “Crowley is honored to have been selected to provide technical management for such an elite government fleet…

10 Aug 2015

ICTSI 1H 2015 Net Income Down 1%

International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first half of 2015, posting revenue from port operations of US$552.1million, an increase of eight percent over the US$510.3 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$237.4 million, 12 percent higher than the US$212.2 million generated in the first six months of 2014; and net income attributable to equity holders of US$100.4 million, down one percent over the US$101.7 million earned in the same period last year. Diluted earnings per share for the period was likewise lower by one percent to US$0.042, from US$0.043 in 2014.

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