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Offshore Orders

Good Times Coming for Indian Shipyards

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 Increases Revenue and Profit

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.


Bourbon Orders 56 PSVs

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


Daewoo Expects 18% Jump in Offshore Orders

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.


Rolls-Royce Wins Italian OSV Contract

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 Offshore Cranes Meet Specialist Operator's Needs

MacGregor 250-tonne subsea crane and a 15-tonne offshore crane on board Grand Canyon,  the first of Volstads new-generation fleet

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


Offshore Books $1M Of New Business with USCG

Offshore Systems International Ltd. has received orders from Marinette Marine Corp. Shipyard for ECPINS systems for USCG Sea Going Buoy Tender WLB hulls 6 and 7 with an option for an additional nine systems through the year 2003. In addition, Offshore's wholly-owned U.S. subsidiary, Offshore Systems International Inc., has been selected by the USCG and Bollinger Shipyard to provide the Yokogawa EML500HV1 Electromagnetic Speed Log for the new USCG Coastal Patrol Boat (CPB) Program


GPA Orders for Offshore Vessels Increase

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


VARD's Largest Single Vessel Order

Photo courtesy of VARD

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.


STX Bags Order for Eight LR1 Tankers

LR1 tanker. Image by STX Offshore & Shipbuilding

 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


First Damen Twin Axe Workboat for Middle East

Handing over ceremony held yesterday

  Damen Shipyards Group has delivered a Damen Fast Crew Supplier (FCS) 2610 workboat, named AOS SWIFT for the Atlantic Maritime Group on 20 August 2015. This is the first Damen Twin Axe vessel to be used in the Middle East for safe passenger and crew transfer as well as for the transport of


Offshore Operators Can Simplify Safety Equipment Logistics

(Photo: VIKING)

Safety equipment manufacturer VIKING Life-Saving Equipment said its Offshore Safety Agreements are providing relief for offshore operators seeking to ensure compliance for their safety equipment with minimal in-house administrative overheads in a new, cost-focused paradigm.  


Viking Simplifying Safety Servicing Logistics

VIKING pilot suit at work

  VIKING’s Offshore Safety Agreements are providing welcome relief for offshore operators seeking to ensure compliance for their safety equipment with minimal in-house administrative overheads in a new, cost-focused paradigm.  


Otto Marine Signs Contracts to Supply 2 AHTS Vessels

Photo: Otto Marine Limited

 Go Offshore,  wholly-owned subsidiary of Otto Marine has entered into an agreement for two long-term anchor handling tug supply (AHTS) charter contracts worth USD25.2 million with a large oil and gas company.   The two contracts are in respect of two 16


Daewoo Shipyard to Sell Assets

Image: Daewoo Shipbuilding & Marine Engineering Co

 South Korea's No. 2 shipbuilder Daewoo Shipbuilding & Marine Engineering Co., will push for restructuring moves, including asset sales and a reduction in the number of executives, as it reels from massive losses, reports Yonhap.  


Barakah Offshore Gets Contract from Petronas

Photo: Barakah Offshore Petroleum

 Barakah Offshore Petroleum’s subsidiary, PBJV Group Sdn Bhd (PBJV), has received a Letter of Award from Malaysian oil company Petronas Carigali Sdn Bhd, for the supply, refurbishment and maintenance of cleaning pig and associated services in Sabah and Sarawak, Malaysia.  


First US Offshore Wind Workboat Build Underway

Photo: Atlantic Wind Transfers

Atlantic Wind Transfers, Blount Boats and Deepwater Wind welcome key U.S. offshore wind supply chain players to official ribbon cutting ceremony   Atlantic Wind Transfers, the commercial wind support services arm of Rhode Island Fast Ferry


Otto Marine 2Q Losses Lower

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  • Marked improvement in performance as losses after tax for 2Q2015 reduced to US$2.5 million from US$13.3 million in 1Q2015. • Group secured new chartering contracts worth a total of US$132.2 million in 2Q2015 and that brought total order book to US$307


Havyard Group Restructuring to Stay Profitable

New focus areas Havyard hopes that other markets, such as fisheries, aquaculture and renewable energy, will help to compensate for the downturn in the offshore market.  Here represented by a Havyard 832 SOV that is operated

  Havyard Group ASA is taking further measures to adapt to the market situation and maintain the Group's profitability, thereby securing jobs for the future All business areas in Havyard Group have been affected to a varying degree by the general downturn in the market in the oil industry


Cardiff Marine orders Four Aframaxes from Jiangsu Hantong

Photo provided by Jiangsu Hantong Ship Heavy Industry

 Jiangsu Hantong Ship Heavy Industry Co.,Ltd. (HT) has signed 4+2 115,000DWT Aframax Oil Tankers contract with Cardiff Marine.    The Chinese shipbuilder said the tankers will be designed by Shanghai Merchant Ship Design & Research Institute (SDARI)


COSCO Delivers PSV to COSL

On July 22, COSCO (Dalian) Shipyard delivered a platform supply vessel (PSV), ¡°Hai Yang Shi You 660¡±, to China Oilfield Services Limited (COSL), the Chinese shipbuilder announced.   The vessel measures 85.4 meters LOA, 20 meters in breadth, 8


ISS Bags Tanzania's Paragon project

Paragon Offshore’s jack-up rig M826 in position.

  Inchcape Shipping Services (ISS) has been appointed by Paragon Offshore, Houston, as marine and logistic services provider for a new drilling campaign off the Songo Songo Islands, Tanzania – the first new commercial drilling project in Tanzania in a number of years.


Boskalis Posts Highest Profit

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  Royal Boskalis Westminster N.V. (Boskalis) achieved a very busy first half year with historically high profit and realized a net profit of EUR 306.5 million in the first half of 2015, a rise of 21% (H1 2014: EUR 253.0 million). Revenue in the first half of the year rose 1.6% to EUR 1


Ulstein Verft Launches its Largest Ship to Date

Measuring close to 160 meters in length, Yno 302 is the largest vessel built by Ulstein Verft so far (Photo: Ulstein)

On August25, shipbuilder Ulstein Verft launched from its dock hall a special offshore construction vessel, Yno 302, for Island Offshore and Edison Chouest Offshore.   The newbuild measures close to 160 meters in length with at beam of 30 meters


Shipyards Rising Competitive Stirrings

Shanghai:  Plans for a new “Shanghai Maritime City” might need more ship orders

A mini order boom fueled by gas, “green-tech”, tankers and new rules is underway in shipbuilding. It won’t fill all yards, but changes like the July 2015 cap on sulfur emissions garner retrofit and rush orders. Even China’s Directive 55 obliges its mixed bag of yards to






 
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