According to a Dec. 14 report from Daily News & Analysis, the Indian shipbuilding industry could witness good times once again following a significant rise in offshore activities and favorable policy changes. According to the report, Kejal Mehta, research analyst at Prabhudas Lilladher, said some revival has already been witnessed in the global offshore order-book in the last couple of months. (Source: Daily News & Analysis)
IHC Merwede’s expanding portfolio has helped it to record increased revenue and profit figures for 2011, and to maintain its strong order book for 2012 and beyond. In the past year, IHC Merwede’s revenue has increased by four per cent to reach € 1.05 billion. The company’s net profit has also increased to € 103 million with a solvency ratio of 40 percent, demonstrating that IHC Merwede is in strong financial health and able to implement its growth strategy.
In line with its strategy in modern offshore, Bourbon is expanding its fleet with next-generation, innovative and high-productivity vessels to assist its oil and gas clients in the development of their deepwater and continental offshore operations. On February 28 in the context of its Horizon 2010 plan, Bourbon announced investments of $1.8b, 85 percent of which will be devoted to the Offshore Division. Since January 1, Bourbon has placed the first series of orders
Guido Perla & Associates, Inc. (GPA), said that orders for offshore vessels designed by the Seattle-based Naval Architecture firm have increased by 400% within the past two years. Currently, twenty-one GPA-designed Platform Support Vessels are already serving the offshore industry. These vessels include ten 73-meter GPA 670 PSVs owned by Bourbon Offshore and built at Zheijang Shipyard in China, ten 64-meter GPA 640 PSVs owned by Rigdon Marine and built at Bender Shipyards
Rolls-Royce announced an £11million order to design and equip two offshore service vessels for Italian ship owner Fratelli D’Amato.These UT 755 XL vessels will carry out operations in the offshore oil and gas sector and will be built at the Rosetti Marino S.p.A shipyard in Italy. The order includes an integrated system of Rolls-Royce equipment including thrusters for manoeuvring, rudders, propellers, deck machinery and a bulk handling system for the safe loading of fluids and solid
MacGregor, part of Cargotec, secured its third identical offshore crane contract for Volstad Maritime AS series of 125m offshore construction vessels being built by Bergen Group Fosen shipyard in Norway. The order is booked in the first quarter 2013 order intake. Two more active heave-compensated (AHC) MacGregor offshore cranes have been ordered for hull 091, the third in a run of 125m-long offshore construction vessels (OCVs) for Volstad Maritime AS
According to a report from Bloomberg, Daewoo Shipbuilding & Marine Engineering Co., the world’s third-largest shipyard, expects orders for drilling vessels and offshore platforms to increase 18% this year, helped by higher fuel prices. Contracts for drill ships, semi-submersibles and offshore platforms may rise to $6b this year from $5.1b in 2010, according to Nam Sang Tae, Daewoo Shipbuilding’s chief executive officer, the report said.
ABS hosted its Annual Meeting in New York on April 23, 2013. ABS Chairman, Robert D. Somerville reported that, "despite the uncertainties of the global economy and of the shipping and offshore markets, ABS turned in yet another record performance." In 2012, the ABS-classed fleet reached 193.5 million gross tons, a growth rate of more than 4% year-on-year. ABS also maintained its leading position in the global orderbook with 21% of all vessels on order designated for ABS class.
Construction for One Offshore Subsea Construction Vessel for Solstad Offshore Made Effective. Vard Holdings Limited is pleased to confirm that the contract for the design and construction of a large Offshore Subsea Construction Vessel (OSCV) has been made effective. The contract is the largest single vessel order in VARD’s history. The contract value has already been included in the new order intake and order book values reported at the end of 1Q 2014.
South Korean shipbuilder STX Offshore & Shipbuilding (STX O&S) has won an order for up to eight LR1 tankers with a total value of $ 375 million. The contract provides for the construction of four oil tankers of 74,000 tons plus the ability to build four additional ships. Under the contract, the ships should be delivered in 2016. The name of the shipowner is not disclosed, but according to the officials the LR1 product carriers will be chartered to
The service operations vessel (SOV) Bibby WaveMaster 1 was officially launched at Damen Shipyards Galati in Romania on March 24. When completed, Bibby Marine Services Limited, part of Bibby Line Group, will deploy the vessel to support forthcoming offshore wind construction and O&M projects in
Norwegian OSV companies Solstad Offshore, Farstad Shipping and Deep Sea Supply have signed off on merger plans first announced on February 6, 2017. The statutory merger plans have been approved and signed by the boards of Solstad, Farstad
Natural gas is set to account for an increasing share of the global energy mix in coming years, with gas consumption growing by an average of around 1.5%-2% a year out to 2040, according to energy forecasting agencies such as the IEA.
South Korea's Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) said that they will strive to boost their profitability via increased orders and continued cost-cutting measures, reports Yonhap. According to Park Dae-young, president of SHI
Brazilian shipbuilder ETP Engenharia in Rio de Janeiro has delivered the final six vessels of a 12-ship order for Baru Offshore. The six newest 48-meter DNV Classed DP-1 vessels – Baru Serrana, Baru Tesoro, Baru Sinu, Baru Sirius
The Dutch family-owned tug and workboat company Herman Senior BV has ordered its 12th Damen vessel, a Multi Cat 2712. Given the very short delivery time, the new vessel will be officially launched and christened Panda on March 23. Herman Senior has a tradition of naming its ships after famous bears
BOEM has received unsolicited lease requests from two companies seeking to develop offshore wind energy on the Outer Continental Shelf (OCS). These requests are for areas located offshore New York and Massachusetts and are not in response to a formal call for interest.
After a long cycle of build-up in capacity in the 2000s, shipyards hit a new peak in global output in 2010, says a report by Clarksons Research. Since then, the impact of reduced vessel ordering on shipbuilders worldwide has been a key issue for the industry
Singapore’s shipyards are looking to recent investments in capacity, design and newly acquired technology to combat order declines after a decades-long offshore buildup. Sembcorp and peer Keppel are making the most of partnerships in FLNG and showing signs they’ll be okay through the
In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance, says a report by Douglas-Westwood London. This has been further exacerbated by sustained low oil prices
ABS, the leading provider of classification and technical services to the offshore industry, collaborated with industry experts during its annual Special Committee Meeting held recently to discuss the ABS Rules for Building and Classing Mobile Offshore Drilling Units (MODUs)
Just over a year after it took delivery of the second of two FCS 3307 Patrol vessels, Homeland Integrated Offshore Services Limited (Homeland) of Nigeria has ordered one more of the same class with an option on a second, to be named Guardian 3 and Guardian 4
DONG Energy has decided to retire “Vindeby”, the world’s first offshore wind farm, which 25 years ago marked the birth of the offshore wind industry. Today, offshore wind is a recognised and proven renewable energy technology
On December 20, 2016, in an 11th hour unilateral action designed to cement his environmental legacy, President Obama withdrew 3.8 million acres in the north and mid-Atlantic Ocean and 115 million acres in the U.S. Arctic Ocean (including the entire Chukchi Sea and a significant portion of the
South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding & Marine Engineering Co Ltd, which has built up huge losses from offshore projects and risks missing debt repayments. Daewoo