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Newbuild Contract

Bollinger Wins Major Newbuild Contract

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.


Feature: Innovative Coastal Trader

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


Ready to Burn: Fast Ferry Market Looks Good

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.


The Containership Market: Full Steam Ahead?

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


ABS Nautical Signs 30 New Contracts, Doubles Staff

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.


Keppel to Build New Generation Accommodation Semi

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


Meet the ULFPS

While seeking to consolidate its existing LNG carrier workload by bidding for new tonnage to serve the Qatari export traffic and other projects, Spanish shipbuilder IZAR has intensified its research endeavors so as to create a broader business platform in the energy market. The group has thrown its weight behind a new initiative aimed at developing floating plant incorporating gas-to-liquids (GTL) technology to extract and convert gas from remote offshore fields into premium grade liquid


Fincantieri Awarded Cruise Ship Order

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


Dhirubhai Deepwater KG1 5-Year Contract

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.


Offshore Brazil PLSV's: Huge Petrobas Contract for SNM

An IHC PLSV: Image courtesy of IHC Caland

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.


Transocean Orders Two New Ultra-Deepwater Drillships

Transocean rigs: Image courtesy of the owners

Transocean Ltd. inform that a subsidiary company has awarded contracts to Sembcorp Marine's subsidiary, Jurong Shipyard, in Singapore for construction of two newbuild dynamically positioned ultra-deepwater drillships with contract options for up to three more.


Damen Completes PSV Order for World Wide Supply

World Sapphire (Photo: Damen)

The official christening of the World Sapphire marks the completion of a six-ship order whereby Damen Shipyards has delivered six Platform Supply Vessels (PSVs) to Norwegian company World Wide Supply (WWS) AS in just six months. The Damen PSV 3300 features a radical design rethink


Keppel Reports Batch of New Projects

Keppel Offshore & Marine Ltd.'s (Keppel O&M) subsidiaries Keppel Shipyard Ltd., Keppel Singmarine Pte Ltd. and Keppel Nantong Shipyard Co. Ltd. have secured contracts worth a total of about S$140 million. Michael Chia, Managing Director (Marine & Technology) of Keppel O&M, said


Havyard to Build Hybrid Battery Arctic PSV

Arctic PSV rendering courtesy of Havyard

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be designed by Havyard Design and Solutions in Fosnavaag & will be constructed at Havyard Ship Technology`s yard in Leirvik in Sogn


Damen Crew Supplier for Sure Wind

Sure Star, a Damen FCS 2610 (Photo: Damen)

The first of two Damen Twin Axe Fast Crew Suppliers has officially been handed over to British company Sure Wind. A specialist in the German offshore wind market, Sure Wind already has work for the two newbuild FCS 2610 vessels. The first vessel Sure Star will head straight to Esbjerg and will


Mobile's Maritime Renaissance

aerial2 July 03 2012 5x7cropped web.jpg

Timing, they say, is everything. Cliché, for sure, but BAE System’s strategic decision a few years ago to buy, invest and reinvigorate newbuild and repair operations in Mobile, Alabama, seems poised to pay off handsomely as the U.S. maritime market faces a historic rebound.  


Noble Reports 2013 Results

Noble Don Taylor

Noble Corporation has reported fourth quarter 2013 net income of $174 million, or $0.68 per diluted share. Results for the fourth quarter included an after tax charge of $36 million, or $0.14 per diluted share, relating to an impairment taken on the FPSO Seillean


Yara Orders Three Handy-size Ammonia Vessels

Yara International ASA has entered into shipbuilding contracts with Hyundai Mipo Dockyard (HMD) for the construction and delivery of three 20,600 CBM semi-refrigerated LPG carriers with an expected cost per vessel of $51 million (USD). Following an evaluation of current newbuild and time


Scorpio Charters Five Bulk Carrier Vessels

Scorpio Bulkers Inc. announced it has agreed to time charter-in five dry bulk vessels. The chartered vessels will be the first to operate in the Scorpio Bulker fleet, while the company awaits 74 newbuild and purchased dry bulk vessels (28 Ultramax


Keel Laid for Australian Air Warfare Destroyer

A keel-laying ceremony was held February 3 for Australian Air Warfare Destroyer (AWD) HMAS Brisban at Techport Australia, Adelaide. The vessel is the second of the Air Warfare Destroyer program. At the ceremony, Australian Minister for Defense Senator David Johnston said


Bibby Offshore Makes £30M Fleet Investment

Bibby engineers working on an ROV on-board one of its subsea support vessels

Aberdeen-based subsea installation contractor Bibby Offshore has invested close to £30million in the past six months increasing its international fleet of subsea support vessels by 40%. Most recently, the company signed a contract to charter EDT Jane


Twin Trillium Class Bulkers Launched at Shipyard

Photo: CSL

On January 25, 2014, two newbuild Trillium Class bulk carriers were launched for Canada Steamship Lines Inc. (CSL) at Yangfan shipyard in Zhoushan, China. The 36,100-DWT, seaway size gearless bulkers are part of CSL’s ambitious fleet renewal program which oversaw the delivery of four new


Diamond Offshore Drilling 2013 Profit Slips

Image courtesy of Diamond Offshore Drilling

In the company's financial report for the fourth quarter of 2103 Diamond Offshore Drilling announced that for the full year 2013 their net income of $549 million, or $3.95 per share, compared with net income of $720 million, or $5.18 per share, in 2012.  Revenues for the full year 2013 were $2


Northern Australia Waters: Emergency Towage Service

Torres Straits passage: Photo courtesy of AMSA

The Australian Maritime Safety Authority (AMSA) has awarded two substantial new contracts to Brisbane-based company Australian Maritime Systems Limited to provide emergency towage services in Far North Queensland as well as to maintain its aids to navigation network.


Hornbeck Offshore Net Income Doubled in Q4 2013

HOS Riverbend: Photo courtesy of ESG

Covington, LA. headquartered Hornbeck Offshore Services, Inc. has announced its financial results for the fourth quarter ended December 31, 2013 with a year-on-year almost quarterly doubling of net income. Highlights of the report are as follows:


 
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