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Offshore Business

Offshore Boom in 2003?

With 2002 happily in the rearview mirror, many signs point to a far more lucrative times for the ship and boatbuilding industries of the world, with a surge in offshore business leading the way. With many lucrative potential projects on the board in the Gulf of Mexico and abroad, ship and boat builders large and small are counting on increased offshore drilling opportunities to lead the way to prosperity in 2003. In a recent story published by Reuters, Hyundai Heavy Industries Co. officials are quoted as saying the offshore engineering orders will rise by more than a third -- to $1.5 billion -- making it a major plank in the plans of the world's largest shipbuilder. HHI is said to have booked about $1.1 billion in new orders in this niche in 2002, and it notes that many large projects are currently in the bid process.


Viking Supply Ships Open Canadian Office

Balder Viking: Photo courtesy of VSS

Sweden's Viking Supply Ships (VSS) have opened an office in St. John’s, Newfoundland, Canada. They say they have had several vessels working in Canada over the past few years and the opening of the Canadian office will strengthen their strategic position in the Canadian market. Mr. Gerard Dunphy, who has been in the Offshore Business for over 20 years in Atlantic Canada, the Canadian Arctic, Alaska, Greenland and the North Sea, has been employed as the Managing Director.


PPL Shipyard Completes Acquisition of Sabine Industries

Further to its announcement dated September 22, 2005, “SembCorp Marine’s PPL Shipyard Acquires Sabine Shipyard in Texas, USA”, SembCorp Marine is pleased to announce that its subsidiary PPL Shipyard has completed the acquisition of a 100 per cent equity interest in Sabine Industries, Inc. (SII) and its subsidiaries Sabine Offshore Services, Inc (SOSI) and Sabine Shipyards, Inc (SSI) and a 25 per cent equity interest in Sabine Vessels, Inc (SVI) for a total consideration of US$6.4 million.


Biggest HATLAPA Stern Rollers Ordered for Maersk Tugboats

HATLAPA builds its largest stern rollers to date for Maersk Supply Service’s two new tugs under construction in Chile. The Danish shipping company Maersk Supply Service has ordered two large stern rollers from HATLAPA to be used in the two vessels built at the Chilean shipyard Asenav. The tugs will be built for worldwide use in the oil and gas industry. The first of two orders was delivered in early 2013, with the second to be completed by March 2014


Bibby Charter Enlarges North Sea DSV Fleet

Sat control room on board one of Bibby Offshore’s support vessels

Bibby Offshore expanded its fleet of North Sea class diving support vessels by signing a contract to charter the DPII DSV Mermaid Endurer from Subtech Ltd. on behalf of Mermaid Offshore Services. The charter will run from April, 2014 for 200 days with extension options and a similar optional period has been agreed from April 1, 2015. The vessel will join Bibby Offshore’s DSV fleet which includes the Bibby Sapphire, Bibby Polaris and Bibby Topaz


Glacier Energy Services Acquires Ross Offshore

(l-r) Glacier Energy Services chairman, Scott Martin; Ross Offshore director Toby Ross; Glacier: Offshore MD Mark Derry; engineering technician Craig Marr.

International oilfield specialist Glacier Energy Services confirmed the acquisition of Aberdeen-based Ross Offshore in a multi-million pound deal, further extending its onsite specialist technical support offering to the energy industry. The purchase sees Glacier Energy Services establish an offshore division headquarters at Ross Offshore's modern facility at Peterseat Drive in Aberdeen. Following the acquisition, Glacier has a combined turnover of more than £15million


Swire Oilfield Services Expands in North America

Swire Oilfield Services (Swire), has reinforced its commitment to growth with a significant investment in its North American operations, as part of the company’s global  $150 million investment this year.   The company entered the Gulf of Mexico in 2007 with the establishment of an operations headquarters in Houma, Louisiana. Since then it has expanded with nine new facilities across the Gulf coast and North America, including Port Fourchon


Jumbo Wins EnQuest Offshore Contract

A Jumbo Heavy-lift Vessel: Photo credit Jumbo

Jumbo has been awarded a North Sea FPSO mooring, installation and hook-up contract by EnQuest. EnQuest is redeveloping the Ardmore and Duncan fields as Alma and Galia respectively. The project scope is the mooring spread installation and FPSO tow out and hook up. This will be the first offshore project in which Jumbo will act as the main contractor and not as a subcontractor. EnQuest is redeveloping the Alma and Galia fields, located in Blocks 30/24, 30/25 and 30/29


German Offshore Wind Farm: Iberdrola Chooses Areva Turbines

Iberdrola chooses Areva Wind as preferred supplier for its Wikinger Offshore Wind Farm in German waters. Under the terms of the agreement, with construction scheduled for 2016 and 2017, Areva Wind will support Iberdrola on foundation and tower design optimization, project logistics, installation concept and project certification with regulator Bundesamt für Seeschifffahrt und Hydrographie (BSH). The Wikinger offshore wind project


Fendercare's New Offshore Pipe-Laying Solution

Piggyback Saddle: Image credit Fendercare Marine

Fendercare Marine launch a new range of piggyback saddles to assist pipeline installation in the offshore industry. Piggyback saddles - alongside clamps and spacers - can act as a shaped interface between a pipeline and a cylindrical buoyancy tank, to ensure the tank rides comfortably and safely on top of the pipeline during the laying operation.  They can also act as separators during parallel lay installations and are most frequently used when smaller secondary umbilicals or


MOL President Calls for Focused Growth in 2014

Koichi Muto

MOL Group president Koichi Muto issued a New Year message that reflects on 2013 while rallying for company-wide growth in 2014 as MOL prepares for 130th anniversary. “Looking back at 2013, Japan’s economy finally started to offer a glimpse of hope for pulling out of the deflation


Palfinger Delivers Two Offshore Cranes

Archer, the global oilfield service provider, has secured a contract with Statoil for the permanent plugging and abandonment of 12 gas wells on the Heimdal field in the Norwegian North Sea. Archer has selected the German rig manufacturer MAX STREICHER GmbH & Co. KG aA for its VDD 400


Mermaid Marine to Buy Jaya Offshore Businesses

Reutrs - Australian marine logistics firm Mermaid Marine Australia Ltd. said on Tuesday it had agreed to buy the offshore businesses of Singapore's Jaya Holdings Ltd. for $495.96 million in cash to expand its international portfolio. Mermaid Marine


VIKING Reports 10 Years of Profit Growth

Henrik Uhd Christensen

VIKING Life-Saving Equipment A/S announced its 2013 financial results, reporting growth in both turnover and profits for 10 straight years. The Danish-based company with a worldwide presence said it has “once more beaten the odds in an industry plagued by reductions in passenger and cargo


ABS Elects New Council and Committee Members

At the 151st Annual Meeting of the Members of ABS, and the subsequent meeting of the ABS Council, industry leaders were elected to serve on a number of bodies that contribute to the operation of the classification society as it fulfills its mission of promoting the security of life and property


Drydocks World Chairman to Participate at Mare Forum

Chairman, Khamis Juma Buamim

Drydocks World and Maritime World, one of the largest and most diversified shipyards in the world, announced that Chairman Khamis Juma Buamim, will participate in the Mare Forum, Rome, Italy where he will deliver a keynote address. The theme of the forum “Quo Vadis” (Where are you


Bureau Veritas Publishes Annual Report and Business Review

Photo: Bureau Veritas

International classification society Bureau Veritas has issued its annual group global Activity Report and its separate Marine and Offshore Business Review. The Bureau Veritas 2012 Activity Report provides a global picture of the group's performance and key achievements in 2012 and highlights


MAN Propulsion to Power Seismic Vessel

Graphical rendering of the new seismic vessel (courtesy Skipsteknisk)

MAN Diesel & Turbo recently signed a contract for the supply of 8L32/44CR B.2 engines as part of a complete propulsion package to power a seismic vessel ordered by GC Rieber Shipping of Norway. The contract contains an option for an extra vessel


Asset Deal: Palfinger Dreggen and MCT Engineering

Palfinger Dreggen finalized the agreement for purchase of the assets in connection with the marine and offshore cranes product areas of the Korean crane manufacturer MCT Engineering Co., Ltd. The acquisition follows Palfinger Marine’s takeover of the Norwegian offshore crane manufacturer and


From ShipConstructor to SSI

DARREN LARKINS, CEO, SSI

A significant change that is more than skin deep On the sidelines at Norshipping 2013 in Oslo, Maritime Reporter caught up with Darren Larkins, a 14-year veteran of Ship Constructor, serving the last two years as CEO. The topic: the evolution of the company from that of an engineering tool


MCP Hires Two Senior Executives

mcp_logo_header.png

Maritime Communication Partner (MCP), a global provider of onboard communications solutions, has announced the recruitment of two highly experienced senior executives to lead its dedicated Offshore and Cruise and Ferry Business Units. Tom Lowehr


Minister Calls for Level Playing Field at Europort

Melanie Schultz van Haegen, Minister of Infrastructure and the Environment of the Netherlands

A call for sustained innovation and an ‘international level playing field’ on environmental regulation greeted global maritime and offshore business leaders today, as Melanie Schultz van Haegen, Minister of Infrastructure and the Environment of the Netherlands opened Europort 2013 at


Barclays Backs CLS Offshore’s Growth Strategy

Photo: CLS Offshore Ltd.

Barclays has supported CLS Offshore Limited with a £2 million loan through the Funding for Lending Scheme to purchase their unique quayside fabrication facilities and business premises at Gorleston, Great Yarmouth. In addition to the aforementioned loan


Offshore Ship Repairs Keep Gibdock Full in 2013

Wellservicer in dock: Photo credit Gibdock

Gibraltar ship repair facility Gibdock say that it has been operating close to full capacity throughout 2013, with offshore sector business the main driver. Edited comments by Richard Beards
, Managing Director, Gibdock follow: "We have seen a number of high profile offshore


MOL's Top News Highlights 2013

Cracked containership MOL Comfort (Photo courtesy of PTI )

Mitsui O.S.K. Lines, Ltd. has announced the company’s top news stories for 2013 as follows: ■ Business Structural Reforms (BSR) executed (January – March); Single-year management plan “RISE 2013” started (April)


 
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