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Secures Contracts

JES Inks $1 Billion USD Newbuilding Deal

Mainboard-listed JES International Holdings Limited announced that the Group has successfully secured contract plus options worth close to US$1.0 billion, continuing on their successive contract wins earlier in 2014.   Comprises construction of 6 Ultramax bulk carrier with options for another 30 similar vessels These 64,000 DWT bulk carriers will be of the SDARI[1] design, a well sought after design that is environmental friendly and fuel efficient JES has year-to-date secured contracts worth up to US$1.5 billion “We are pleased to announce that we have just secured our largest contract to date, marking our fourth contract win in under 5 months. We have witnessed higher level of activities in the shipbuilding sector and we are optimistic that our world class yard will have us well-poised to further tap on more opportunities emerging from this trend. Going forward, we will continue to seek for more opportunities in order to maintain our order winning momentum.” Mr. Jin Xin, Chairman and Chief Executive Officer, JES


CMM Orders Five OSRVs for Petrobras Work

Image: Damen

Compagnie Maritime Monégasque SAM (CMM) has secured contracts with Petrobras Brazil to charter five newbuild fast oil spill response vessels (OSRVs) with a new fuel-efficient Damen axe-bow design. CMM has secured contracts with Petrobras to charter five newbuild fast oil spill response vessels using a new fuel-efficient Sea Axe design by Damen Shipyards Group, allowing the vessel to reach offshore oil platforms in half the time it takes traditional oil spill response vessels.


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]


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.


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.


China Shipyard Wins Offshore Accommodation Contracts

COSCO Corporation's Nantonng, China shipyard secures contracts for two accommodion units valued at over US$170-million each. The contracts placed by an unspecified Singapore company are for  the conversion of two semi-completed hulls to high- end floating accommodation units ("FAUs") valued at over USD170 million each. COSCO add that the contract for the first unit is effective. The units are scheduled for delivery 24 months after the contracts are declared effective and


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,


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


Singapore's Jaya Delivers New Deepwater PSV

PSV Jaya Valour: Photo credit Jaya Holdings

Jaya Holdings Limited say that the new PSV was delivered on schedule and on delivery went on-hire immediately, embarking on its maiden voyage as part of a long term charter contract in South East Asia with an existing customer undertaking fracturing work. Jaya Valour is one of the four PSVs in Jaya’s new build program, of which three have already secured contracts for charter. The total value of these three contracts is more than US$60 million, including optional extension periods.


Bibby Offshore Secures Contract with MGTC

Photo courtesy of Bibby Offshore

Bibby Offshore announced today that its Asian Division, Bibby Offshore Singapore (‘BOS’), has secured a contract with the Moattama Gas Transportation Company (“MGTC”). MGTC, a joint venture between Total (operator), Unocal, PTT-EP and Myanmar Oil and Gas Enterprise


MacGregor's Pusnes bow loading systems for Suezmax Tankers

The Pusnes bow loading system enables a shuttle tanker to safely and efficiently load oil from an offshore production or storage facility

  MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. The order was booked into first quarter 2015 order intake.  


Maersk Mulls African Expansion

Photo: AP. Moeller-Maersk

 AP. Moeller-Maersk A/S, owner of the world’s largest shipping container line Maersk Line is to drive to secure contracts to build and upgrade ports in Nigeria and Kenya, according to Bloomberg.   Maersk is awaiting a final sign-off on a contract to help build a new port in


Vallianz Signs $458mln Contracts to Extend OSV Charters

Image: Vallianz Holdings

 Singapore's Vallianz Holdings has signed new contracts worth up to US$458 million (S$628 million) that involve lengthening the charter duration of 19 of its offshore support vessels (OSV) with an existing customer in the Middle East.  


MacGregor Winches for Malaysian Accommodation Barges

Photo: MacGregor

MacGregor has secured a winch package contract from Nam Cheong Limited group, a global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia's largest offshore support vessel builder


COSCO Corpn Wins $ 230 mi Contracts

  The Board of Directors of COSCO Corporation (Singapore) Limited announced that shipyards, which are subsidiaries of the Company’s 51% owned subsidiary COSCO Shipyard Group Co., Ltd, have secured contracts valued at approximately USD230 million to build one (1) Floating Accommodation


Keppel Bags Repeat Orders

  Keppel Offshore & Marine Ltd wholly owned subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd have secured contracts from repeat customers worth a total of S$153 million. Keppel Shipyard's contract is for the conversion of a Floating Production


New Maersk Drillship Secures Contract

Maersk-Venturer Drillship

Maersk Drilling’s third drillship, Maersk Venturer, which was delivered 25 September 2014 from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si in South-Korea, has secured a short term contract with oil major Total. Maersk Venturer will commence a one well program offshore Malaysia


Aker Solutions Wins Mariner Development Deal

The work will be managed by Aker Solutions UK MMO unit through an integrated construction and completions (ICC) organization with Daewoo and Statoil.

  Aker Solutions secured a contract from Daewoo Shipbuilding and Marine Engineering to provide engineering, construction and commissioning services for the hook-up phase of the Mariner oilfield development in the UK North Sea. The agreement is worth more than GBP 120 million


US Response Model for Salvage and Firefighting

As the dust settles on the 2014 implementation of the non-tank vessel response plan (VRP) regulations, the effective result is that all tank and non-tank vessels over 400 gross tons operating in US waters must meet the requirements of OPA 90


NAO Secures PSV Contracts with Oil Major

Photo courtesy: NAO

Nordic American Offshore Ltd. (NAO) informs that it has secured platform supply vessel (PSV) contracts with a major oil company.   NAO’s two new contracts with are for four months firm periods, with further options for each vessel.  


SBM Offshore Warns of Sharp Revenues Drop

Photo courtesy of SBM Offshore

SBM Offshore, the Dutch marine oil production and loading vessels specialist, said on Wednesday its revenue this year could fall to as low as $2.2 billion, down from $3.5 billion in 2014.   "The effects of the recent drop in oil prices are being felt across the offshore services


DeepOcean Deep Water Operations in Brazil

DeepOcean WCROV in deepwater operations Photo: DeepOcean

DeepOcean was established in 1999 and is dedicated to subsea services and operations in deep waters, able to take on deep-water assignments anywhere in the world. The company is an integrated service provider for the subsea industry. DeepOcean has a global track record of subsea services including


ST Engineering Y-O-Y Profits Slip

  Singapore Technologies Engineering Ltd  reported today its full year financial results ended 31 December 2014 (FY2014) with a Group revenue of $6.54b compared to $6.63b as reported for FY2013. Profit before tax (PBT) of $650.7m was $79m or 11% lower year-on-year compared to $729


Maersk Drilling Secures Contract for Newest Drillship

Maersk Voyager (Photo courtesy of Maersk Drilling)

Maersk Drilling was awarded a contract from eni Ghana Exploration and Production Ltd. for employment of the newbuild drillship Maersk Voyager.   The contract will see Maersk Voyager work on the Offshore Cape Three Points (OCTP) Project offshore Ghana with expected commencement in July 2015






 
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