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New Ultra

GlobalSantaFe Orders New Ultra-Deepwater Drillship

GlobalSantaFe's new ultra-deepwater drillship, to be constructed in Ulsan, Korea, by Hyundai Heavy Industries for delivery in 2010. GlobalSantaFe Corporation has made an agreement with Hyundai Heavy Industries, Ltd. (HHI) to build a new ultra-deepwater exploration and development drillship for delivery in September 2010. Shipyard construction costs are expected to total approximately $740m. The drillship will be constructed in Ulsan, Korea, under a turnkey agreement, which provides that HHI will contract directly with equipment suppliers and deliver the drillship to GlobalSantaFe for a fixed price. The new vessel is an enhanced version of GlobalSantaFe's highly successful GSF C.R. Luigs and GSF Jack Ryan drillships, which entered service in 2000. Like those rigs, it will be capable of drilling in water depths up to 10,000 feet and is upgradeable to 12,000 ft. In addition, the new rig will feature advanced dynamic positioning capabilities, triple activity load paths, a derrick rated for 4 million pounds, dual liquid-storage systems, larger quarters and an efficient deck design that provides significantly more space than previous-generation drillships.

SHI South Korea Yard to Build Two Ultra-deep Drillships for Seadrill

Seadrill orders two new ultra-deepwater drillships for delivery in 2014 Seadrill has entered into turnkey contracts to build two new ultra-deepwater drillships at Samsung in South Korea. The construction of the drillships is scheduled for completion in the second and third quarter 2014. Total project price per drillship is estimated to be under US$600 million, which includes a turnkey contract with the yard, project management, drilling and handling tools, spares

Keppel FELS Delivers Jackup for ENSCO

Keppel FELS Limited (Keppel FELS) has delivered ENSCO 108, its ninth jackup rig for ENSCO International Inc (ENSCO) on schedule, within budget and with zero loss time incidents. Of this outstanding achievement, Mr Choo Chiau Beng, Chairman & CEO of Keppel Offshore & Marine, said, “Construction of ENSCO 108 was a true mark of the efficiency and precision in project design, management and execution. ENSCO 108 was named by Lady Sponsor

Keppel FELS Delivers Rig

Keppel FELS Limited, the world leader in the construction of jackup rigs, has successfully designed and built its first KFELS MOD V “B” class ultra premium jackup drilling unit. Built for Chiles Offshore Inc. (AMEX: "COD") (CHILES), Chiles Discovery is the benchmark for a new generation of ultra premium deep-well drilling rigs. Keppel FELS received an early delivery bonus for Chiles Discovery, a testament of its excellent project management and executing capabilities

Diamond Offshore Orders New Deepwater Rig from HHI

Diamond Offshore Drilling, Inc. (NYSE:DO) today announced that a subsidiary, Diamond Offshore Drilling Limited, has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery scheduled for late in the second quarter of 2013. Total cost, including commissioning, spares and project management, is expected to be approximately $590 million and will be paid out of available funds

Second Jack-up Rig Joins Maersk Drilling’s Fleet

Maersk XL Enhanced

  Maersk Drilling has taken delivery of its second ultra harsh environment jack-up, XLE-2, from the Keppel FELS shipyard in Singapore on time. The rig will start its mobilisation to the Norwegian North Sea in approximately two weeks, where it will commence a five year contract with Det norske oljeselskap ASA (Det norske) The rig, which will be named at a ceremony in Norway in October, is the second in a series of four newbuild ultra harsh environment jack-up rigs to enter Maersk

Hellespont Alhambra to Deliver Cargo at Rotterdam

Hellespont Alhambra, the first of the series of four new ultra-high specification double hull ulccs now being delivered to Piraeus-based Hellespont Group, will deliver a full cargo of Middle East crude to Rotterdam at the beginning of February, following a swift voyage from the Middle East Gulf to Europe via the Suez Canal. Alex Papachristidis-Bove, president and co-chartering manager of Seatramp Tankers, Hellespont's commercial management, says, "It's exciting to come up

HHI Builds Twin-Engine VLCC

Stena Vision, a unique VLCC built by Korea's Hyundai Heavy Industries Co., Ltd. (HHI) in that it features twin-engines and twin-propellers, was recently christened at the Ulsan Shipyard. Concordia Maritime AB's new ultra-large 315,000-dwt VLCC was christened by Mrs. Karen Fidler, wife of the president of Sunoco Inc., the company that chartered the VLCC. Built for Concordia Maritime, a public tanker company of the Swedish-based Stena organization

Oil Discovery in Brazil

A huge offshore oil discovery could raise Brazil's petroleum reserves by a whopping 40 percent and boost this country into the ranks of the world's major exporters, officials said according to an AP report. The government-run oil company Petroleo Brasileiro SA, or Petrobras, said the new "ultra-deep" Tupi field could hold as much as 8 billion barrels of recoverable light crude, sending Petrobras shares soaring and prompting predictions that Brazil could join the world's "top 10" oil

ABS to Class Innovative Moss-type LNG Carriers

Patrick Janssens (Photo: ABS)

To be built in Ulsan, Korea, the ships will feature energy efficient reheated steam turbine engines. ABS, a provider of classification and technical services to the maritime industry, has been awarded a contract for the classification of two innovative 'Moss-type' LNG carriers to be built in Korea for Malaysia's Petroliam Nasional Bhd (Petronas). The 150,200-m3 capacity ships will the largest Moss-type units ever built at Hyundai Heavy Industry's shipyard in Ulsan, Korea

Former CIA Spy Ship Becomes Victim of Oil Slump

U.S. Government Photo

A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub is heading to the scrap yard, a victim of the slide in oil prices.   Christened the Hughes Glomar Explorer, after billionaire Howard Hughes was brought in on the CIA's deception

River Information System Updated in Bulgaria

Bulgarian Prime Minister Boyko Borissov at the inauguration ceremony (Photo: Transas)

The Consortium BulRIS II led by Transas has completed the second phase of the BULRIS project, funded by the Operational Program "Transport" 2007 – 2013. The system was delivered to the Bulgarian Ports Infrastructure Company (BPI Co

Transocean Puts Off Deliveries of Two New Drillships

GSF CR Luigs Ultra-Deepwater Drillship courtesy Transocean

  Transocean Ltd. announced today a mutual agreement with its customer, Shell EP Wells Equipment Wells Services B.V. (Shell), and the shipyard, Daewoo Shipbuilding & Marine Engineering Co. (DSME), to delay the operating and delivery contracts of two newbuild ultra-deepwater drillships -

LNG-Powered, Electric Engine, Boxship Concept Design

General arrangement of the PERFEC(T) ship. Design by DNV GL AS

 French LNG containment specialist GTT, along with French containerline CMA CGM (and its subsidiary CMA Ships) and classification society DNV GL have released a technical and feasibility study for a new mega boxship dubbed the Piston Engine Room Free Efficient Containership (PERFECt)

Box Ship Freight Rates Fall on Declining Chinese Exports

Container freight index

  Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week. On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i.e

Container Rates Fall on Declining Chinese Exports

bimco containership.jpg

Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week. On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i.e

Maersk Drilling's Strong 1Q Performance

Simulator Courtesy Maersk Drilling

  Maersk Drilling delivered a profit of USD 168m (USD 116m) in the first quarter of 2015. The result was positively impacted by fleet growth and continued good operational performance, but partly offset by two rigs being idle. The underlying profit for the quarter was USD 195m (USD 109m)

Maersk Orders 11 Triple-E Containerships

Søren Skou, CEO of Maersk Line, and Sung-Leep Jung, President and CEO of DSME, at a ceremony at Maersk Line’s headquarters in Copenhagen (Photo courtesy of Maersk)

Maersk Line announced it has today ordered 11 new ultra-large second generation Triple-E containerships from Daewoo Shipbuilding & Marine Engineering (DSME).   Ordered to replace smaller, less efficient ships in the Maersk Line fleet

Terminal Operator HHLA Prepares for Big Vessels

Photo:  Hamburger Hafen und Logistik AG

Port of Hamburg terminal operator Hamburger Hafen und Logisitik AG (HHLA) is making further preparations for the latest generation of mega-ships.    It has ordered two new container gantry cranes for its Container Terminal Tollerort (CTT)

Transocean Delays Drillships

Image: Transocean Ltd

 Transocean Ltd, the world’s largest offshore driller, has delayed delivery of two new ultra-deepwater drillships, the company announced.   The company amended its drillship construction contracts ($540 million each) with Jurong Shipyard, a subsidiary of Sembcorp Marine

Silversea Cruises Orders Luxury Ship from Fincantieri

Image: Silversea Cruises

Shipbuilder Fincantieri has received an order to build a new luxury cruise ship for client Silversea Cruises due for delivery in April 2017.    At 40,700 grt and accommodating 596 guests, the newbuild vessel Silver Muse will expand Silversea's fleet to nine ships.   

Silversea Cruises Plans New Flagship

Silver Muse. Image: Courtesy of Silversea Cruises

 Cruise operator Silversea Cruises has unveiled its new flagship, the Silver Muse, which will begin sailing the seas in April 2017.    Built by Italian shipbuilding company Fincantieri, the 40,000-register-tonne ultra-luxury ship will accommodate 596 guests in spacious all-suite

CMA CGM Christens 18,000 TEU Mega Ship

CMA CGM Georg Forster (Photo: CMA CGM Group)

The CMA CGM Group’s largest vessel, CMA CGM Georg Forster, was christened today in Hamburg, Germany.   The new ultra large vessel, a 398-meter-long, 18,000 TEU containership, is the second in a series of six vessels of the same size that will enter service for CMA CGM in 2015

UDS Strikes Deal to Build Dive Support Ship in China

Ultra Deep Group (UDS) signed another contract with China Merchants Heavy Industry to build a Ultra Deep Installer – Multipurpose Diving Support Construction Vessel.

Ultra Deep Group (UDS) signed another contract with China Merchants Heavy Industry to build a Ultra Deep Installer – Multipurpose Diving Support Construction Vessel. Even though the oil market remains in the doldrums, Singapore-based UDS is powering ahead with tis strategic plan to

MN 100: Bordelon Marine

Sheila Bordelon.jpg

The Company: Founded in 1979, Bordelon Marine is a leading provider of Marine Transportation services operating in the Gulf of Mexico and around the world. The company owns and operates a fleet of modern offshore supply vessels ranging in size and type from DP1 Mini-supply Vessels to MPSV 260 DP2

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