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.
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.
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
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
Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry. Created in Houston, Texas, in 1962, MatthewsDaniel is headquartered in London and has operations in Europe, the Middle East, Asia and the Americas. The company employs more than 150 people and reported revenues of approximately EUR 34M in 2013. MatthewsDaniel primarily provides services for the insurance market
The ISV Siem Moxie, an Ulstein SX 163 design not only has been deemed a “Great Ship” in our pages, it has also been awarded the “Offshore Renewables Awards 2014” and the “Innovation Awards” by an international panel. The Siem Moxie measures 242 x 55.7 ft. (74 x 17 m). It is the very first X-Bow support vessel which features two sets of Voith Schneider Propellers. Both the Voith Schneider Propellers are also used for its active roll stabilization system
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.
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 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
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
Van Oord has reached agreement on the acquisition of the activities of Ballast Nedam Offshore. The acquisition consists of the assets of Ballast Nedam Offshore, the dedicated EPCI staff (Engineering, Procurement, Contracting and Installation)
Flensburger Schiffbau-Gesellschaft, FSG, was founded in 1872 by a group of five local ship owners who previously had all their steamboats built in England as most German ship owners did in the 19th century. The first ship, the iron tall ship Doris Brodersen
To improve efficiency Korea’s Hyundai Heavy Industries (HHI) announced its intention to merge its plant division into the offshore business. The world's biggest shipbuilder said that they will take place after current projects are completed.
CEO cautious on 2015 outlook. Finnish ship engine and power plant maker Wartsila reported a smaller-than-expected quarterly profit and warned lower crude prices were likely to curb oil firms' demand for vessels. Shares in Wartsila dropped 2.1 percent to 40
A vote for independence from the U.K. would have a negative effect on the Scottish shipping and offshore maritime sector, according to a survey by leading international accountant and shipping adviser Moore Stephens. The survey elicited the views of leading members of the international shipping
Provider of floating production services to the oil and gas industry, BW Offshore, says it has signed a 5-year, $12 million contract with Orange Business Services for an end-to-end satellite communication solution for its fleet of oil and gas production vessels.
Mitsui O.S.K. Lines, Ltd. (MOL) says it has decided to establish a ship-owning joint venture with Norway's Viken Shipping AS to participate in a shuttle tanker project. The joint company is called Viken MOL AS, and will be managed from Viken Shipping's office in Bergen.
Gulf Copper Vice President and USMMA grad (’71) Dennis Buffo has more than four decades of maritime experience. Here he shares 40+ years in five minutes with Maritime Reporter. Can you tell us a bit about your background. I graduated from the U.S
Technip signed today an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc.(1). Technip’s strategy focuses on high technology and ultra-deep water products and services. Proceeds from this divestment will be partially reinvested directly into
Caterpillar Launches New Modular Solution Developed with Deltamarin for FPSO and Offshore Platform Main Power at 2014 Rio Oil & Gas Expo and Conference Caterpillar Oil & Gas will launch the Cat Offshore Power Generation Module, a new modular solution for FPSO and offshore platform main
17112 Market Street Channelview, TX 77530 E-mail: [email protected] Website: sneedshipbuilding.com Owner: Clyde Sneed Owner: Mitch Jones Number of employees: 180 The Company: Sneed operates out of its main facility, nearly 40 acres in Channelview, Texas
Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has been recognized at the 2014 Northern Star Business Awards winning in the categories Commitment to People Development and Outstanding Contribution to the Energy
MOL adds DPS and enhances safe operation by integrating expertise through merger Mitsui O.S.K. Lines, Ltd. (MOL) announced the merger of MOL Marine Consulting, Ltd. (MOLMC) and MOL Cable Ship Ltd. effective October 1, 2014. The new company, called MOL Marine Co., Ltd
Statoil together with co-owners in the Stampede development in the Gulf of Mexicohas sanctioned the Stampede project in the U.S. Gulf of Mexico. Statoil said it will invest $1.5 billion in the Stampede development, which is expected to begin production in 2018
Bootle-based maritime firm International Safety Products (ISP) is set to become one of the world’s only major suppliers of a new rescue boat. The Liverpool City Region business - which is one of the largest manufacturers of inflatable marine lifejackets - supplies a range of maritime