Secures Contracts

Yangzijiang Shipping Wins $409.7M Shipbuilding Deals

China-based shipbuilder Yangzijiang Shipping (Holdings) Ltd. said it has secured contracts worth $409.7m to build 13 container vessels for delivery between 2010 and 2011. It currently has $4.94b worth of contracts on hand, $2.9b dollars of which was secured during the first nine months of the year. Yangzijiang was among the three foreign stocks that were included in the revamped Straits Times Index. [Source: Thomson Financial]

FPSO Contract for COSCO

COSCO Corp. (Singapore) secures contract to construct a Floating Production Storage Offloading (FPSO) vessel in China. COSCO Nantong Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract valued over US$ 370-million from a European company to build a FPSO. The FPSO will measure 78 meters in diameter, 32 meters high and will have a storage capacity of up to 400,000 barrels of oil.

Yantai And Friede Goldman Secure Contract

Yantai Raffles Shipyard, in conjunction with prime contractor Friede Goldman Halter, has garnered a $109 million order from China National Offshore Oil Corp. (CNOOC) to construct a 515 ft. (157 m), 3,800-ton heavy derrick/pipelay vessel. The two companies, who signed the contract on December 21, 1999 in Beijing, China, beat out competitors from Singapore, South Korea and Japan to secure the largest contract ever awarded by CNOOC.

Julien Citywide Secures Contract

Julien Citywide, New Orleans, La., was awarded on Nov. 7, 2005, an $11,741,320 firm-fixed-price contract for quality assurance services in support of Hurricanes Katrina and Rita. Work will be performed in Louisiana, and is expected to be completed by Nov. 6, 2006. Contract funds will not expire at the end of the current fiscal year. There were an unknown number of bids solicited on Oct. 5, 2005, and 98 bids were received. The Louisiana Recovery Field Office, Baton Rouge,

Smedvig Secures Contract for T-9 in Malaysia

The tender rig T-9, in which Smedvig owns 49 percent, has been awarded a contract extension by ExxonMobil in Malaysia. The production drilling assignment has a duration of three years. Commencement of operations is scheduled in mid-January 2006, in direct continuation of the existing contract. The estimated contract value is approximately $66 million. ExxonMobil has the right to terminate the contract after one year.

Bender Shipbuilding Secures Contract

Bender Shipbuilding & Repair Co. Inc., Mobile, Ala., is being awarded an $8,075,500 firm-fixed-price contract for the dry docking selected restricted availability of USS Stephen W. Groves (FFG 29). Work will be performed in Mobile and is to be completed by November 2002. Contract funds in the amount of $7,962,443 will expire at the end of the current fiscal year. This contract was competitively procured and advertised in the Commerce Business Daily

Keppel Offshore & Marine Secures Contracts

Keppel Corporation Limited, through its offshore and marine units in Keppel Offshore & Marine Ltd (Keppel O&M), have clinched contracts worth a total of S$45 million. A specialised shipbuilder, Keppel Singmarine, has won two contracts to build and deliver two 45-tonne bollard pull harbour tugs to PSA Corporation Ltd and a 5500 BHP AHTS vessel to Hadi H. Al-Hamman of Saudi Arabia. The latter contract is the fourth vessel to be contracted by this owner since the first was delivered in

Aker Kvaerner Secures Contract from BP

AK Engineering Services, part of the Aker Kvaerner group, has secured a multi-million pound contract to service two major onshore facilities for BP in the UK. The work will be performed by personnel from the firm's Stockton facility and from sister organisations in Aberdeen and Solent over the next three years. The scope of work covers the provision of engineering, modifications and maintenance services at BP's Wytch Farm production and transport facility in Dorset

Drillship Contracts Worth US$4-billion Awarded to Sembcorp

Sembcorp Marine secures US$ 4.032 Billion drillship contracts from Sete Brasil. Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiarieshas secured contracts from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of five drillships based on Jurong Shipyard’s proprietary Jurong Espadon drillship design. In addition to the above, Sembcorp Marine had earlier in the year announced that its wholly-owned Brazilian shipyard Estaleiro

Erma First BWTS Installed for Evalend Shipping

Erma First ESK Engineering Solutions S.A. has concluded the installation of its Ballast Water Management System "Erma First" in two container ships being built at Zhejiang Ouhua Shipbuilding for Greek owner Evalend Shipping Co. S.A. The agreement for the installations was signed in 2012 with Erma First who was awarded the contract against seven competitors. Erma First  was selected by both the shipyard and the owner on the basis of the system’s cost effectiveness