Bollinger Gretna, L.L.C., Harvey, La., and K-Sea Transportation Corp. of New York have signed a contract for the construction of four double hull, ocean service, OPA '90 oil barges. The barges will have capacities of 80,000 to 100,000 barrels - terms were not disclosed. The barges will be built primarily for oil service on the Northeast U. S. coast. They will be coupled with existing K-Sea tugs using a connection system designed and delivered by Acomarin Engineering. The system will provide increased operating efficiency and will enhance the safety and reliability of the units. The new barges will feature double block cargo segregation, segregated ballast, cargo monitoring and vapor recovery systems as well as advanced electrical and hydraulic systems. Formerly known as Gretna Machine & Iron Works, a multi-use construction and repair/conversion shipyard, its previous owner had dedicated the 66 year-old facility exclusively to repair and conversion work in October 1997. Modules for all four barges will be fabricated at Bollinger Marine Fabricators Amelia, La and shipped to Bollinger-Gretna where they will be joined to other components produced at Bollinger-Gretna, where final assembly and installation of piping and other systems will be completed. Delivery of the first barge is planned for summer of 2002, with delivery of the remaining three barges scheduled at regular intervals.
By David Tinsley, technical editor An advance in hydrodynamic design has been endorsed by Norwegian energy group Statoil, as the prospective charterer of an innovative newbuild intended for coastwise distribution of oil products. The 4,200-dwt vessel contracted by Bergen Tankers will employ a diesel mechanical propulsion layout based on twin azimuth thrusters incorporating 'pulling' propellers. The project represents the first application of the Norwegian-developed Azipull system in the
Keppel FELS Limited (Keppel FELS) has been awarded a contract worth about US$260 million by returning customer, Floatel International Ltd (Floatel), to build a new generation accommodation semisubmersible (semi) for delivery in 1Q 2014. This new rig developed by Keppel O&M's Deepwater Technology Group, will be built to the SSAU4000NG design with Dynamic Positioning (DP) 3 capability. It marks Keppel FELS' third accommodation semi project with Floatel
ABS Nautical Systems, provider of integrated fleet management software for the maritime industry, announced it has experienced record growth in the second half of 2009. During that period, which began with the launch of the Newbuild Program, ABS Nautical Systems has expanded their business by signing 30 new contracts in just 26 weeks. ABS Nautical Systems expects to continue its momentum and forecasts even stronger growth in 2010.
Seadrill & SapuraKencana Petroleum Berhad joint entity Sapura Navegação Marítima S.A., Brazil (SNM) awarded US$2.7-billion Petrobas contract to charter & operated 3 newbuild Pipe Laying Support Vessels (PLSV's). The contract is for a period of eight years with an extension option for an additional eight years and is expected to commence by the second quarter of 2016. Total revenue potential for the contract is expected to be US$2.7 billion.
By David Tinsley, Technical Editor Liner shipping is traditionally a cyclical business, subject to dramatic peaks and troughs and sudden changes in fortune in individual trade lanes. Today's ebullience among all sectors of container shipping, including its various intermediaries, compares starkly with the situation in the latter part of 2001, when the market had hit a low point and the prophets of doom were out in force
Predicting business trends in the notoriously fickle marine business is difficult if not impossible. Yet when developments transpire as they have in the fast craft niche of the ferry business, it is difficult to not read the writing on the wall. The business of designing, building, outfitting and operating fast ferries in the United States is set to take off, as increasing pressures from traffic and environmental concerns force more people to the waterways.
Transocean Ltd. (NYSE:RIG) announced that the ultra-deepwater drillship Dhirubhai Deepwater KG1 has commenced operations in India under a five-year drilling contract with Reliance Industries Limited. The company currently expects that Reliance will sublet the rig for the first four years of the contract to Oil and Natural Gas Corporation Limited, and that Reliance will operate the rig for the fifth year of the contract.
Reach Subsea has secured a deal worth up to $10.3 million with Technip to provide remote-operated vehicle services on a newbuild subsea construction vessel to be supplied by Eidesvik Offshore. Eidesvik Offshore and Reach Subsea have in partnership entered into a firm contract with Technip in Norway. Reach will execute the contract using Eidesvik Offshore's newbuild TBN Viking Neptun, equipped with Reach ROVs and manned by Eidesvik marine personnel and Reach ROV personnel and
Silversea Cruises has signed a Memorandum of Understanding for one 36,000-GRT, 540-guest, ultra-luxury vessel from Italian shipbuilder Fincantieri with delivery scheduled for the fourth quarter of 2009. The line has also signed an option for a sister ship with Fincantieri, Shipping Times has reported The agreement with Fincantieri is conditional to final contract and financing. However, an irrevocable banking commitment, fully underwritten
Damen Shipyards Group has teamed up with the global leader in motion compensation access solutions, Ampelmann, to conduct tests with Ampelmann’s L-Type system on board a Damen Fast Crew Supplier (FCS) 5009. Damen is developing its marine access solutions in order to guarantee increased safety
Dutch shipbuilder Ferus Smit has delivered the second LNG-powered cement carrier, MV Ireland, to owners JT Cement, a joint venture between Swedish shipping company Erik Thun AB and Norway’s KG Jebsen Cement. MV Ireland, along with sister vessel MV Greenland delivered in December 2015
The Athens, Greece-based Safe Bulkers Inc. (SB) on Thursday reported a loss of $17.8 million in its first quarter. The shipping company posted revenue of $24.7 million in the period. It has a loss of 25 cents per share
Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million. It has also reached an agreement with builder China Merchants Industry Holdings to postpone the delivery dates for its new assets currently
Danelec Marine informs it has received orders to supply new-generation Danelec DM100 Voyage Data Recorders (VDRs) for 27 new Maersk containerships, which are being built at shipyards in China and Korea. The newbuild VDR orders follow on a fleet retrofit contract awarded last year
Eastern Shipbuilding Group, Inc. delivered the M/V Lawrence Campbell (Hull 193) on April 12, 2016, the 63rd 90-foot inland towboat to Florida Marine Transporters, LLC of Mandeville, La., continuing its ongoing newbuild program. It was in early 2015, when Florida Marine Transporters
The fall in the oil price after the summer of 2014, coupled with the decision by OPEC to keep oil production at elevated levels has combined to support an improved tanker market, but just how good are these “good times” in a historical context? Clarksons Research Analysis.
As the downturn in the number of new vessel orders last year took hold, shipyards’ flexibility to switch sectors to take orders became a key factor in their ability to face up to an extremely challenging period, says Clarksons Research.
The new Oceana shipyard in Itajai, Brazil has delivered its first newbuild, a platform supply vessel of the PX105 design from Ulstein Group. The vessel was delivered to shipowner Oceana Offshore on March 30, 2016, and on April 1, the vessel started on a six-year chart for Petrobras.
GasLog Ltd. an international owner, operator and manager of liquefied natural gas ("LNG") carriers, announces the delivery of the GasLog Greece. The GasLog Greece, which has been constructed at Samsung Heavy Industries in South Korea, is a 174
Singapore-based bulker player Pioneer Marine has terminated five handysize newbuild contracts at Yangzhou Guoyu Shipyard. The leading shipowner and global drybulk handysize transportation service provider announced the following developments regarding its newbuilding program:
Radio Holland delivers NavCom and VSAT on four special newbuild vessels NavCom and On Board ICT specialist Radio Holland informs it has booked multiple orders in a challenging newbuild market. The company was awarded contracts to deliver and install the complete NavCom and VSAT packages for
The volatility of the shipping markets has always presented opportunities and pitfalls for investors - an analysis from Clarksons Research. Getting the timing right is key, and newbuilding decisions can prove especially difficult given the need to look further forwards into the future
* Non-Cash Asset and Goodwill Impairments Totaling $2.9 Billion * Cash From Operating Activities of $423 Million in Fourth Quarter and $1.7 Billion for Full Year * Record Safety and Operational Performance * ENSCO DS-8 Commences Initial Five-Year Contract Offshore Angola
Transocean Ltd. Reports Fourth Quarter And Full Year 2015 Results:- 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