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 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
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.
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]
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 $66 million. ExxonMobil has the right to terminate the contract after one year.
COSCO Corp. (Singapore) secures contract to construct a Floating Production Storage Offloading (FPSO) vessel in China. COSCO Nantong Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract valued over US$ 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.
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 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.
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
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.
TRIYARDS Holdings Limited has secured contracts to build two oil barges worth NTD 716 million (equivalent to approximately about US$21.82m) from a new client, CPC Corporation, a Taiwan state-owned oil and gas company responsible for supplying energy to its domestic market. The new contract wins are for the construction of a pair of oil barges intended for coastal service and the supply of bunker fuel to vessels in Taiwan's harbour and coastal areas to be delivered in 2QFY18
Vard Holdings Limited announced that it has secured a contract for the design and construction of three Module Carrier Vessels for Kazmortransflot (KMTF). The contract win was previously disclosed on July 29, 2016. The vessels, of VARD 9 28 design
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that it has secured contracts for the design and construction of two luxury expedition cruise vessels for German cruise company Hapag-Lloyd Cruises.
Horizon Shipbuilding, Inc. of Bayou La Batre, Ala. has been recognized for its Outstanding Achievement in Innovative Manufacturing by the Economic Development Partnership of Alabama for the shipbuilder’s GORDHEAD management software, which aims to improve communication between shipbuilders
Topaz Energy and Marine said it has secured contracts in connection with the development of the Tengiz oilfield in Kazakhstan during 2016. The two contract wins announced in the second and third quarter together represent revenue of more than $500 million
As the downturn in the number of new vessel orders last year took hold, shipyards’ flexibility to switch sectors to take orders became a key factor in their ability to face up to an extremely challenging period, says Clarksons Research.
Shipbuilder ASL Marine has secured a total S$156 million worth of contracts from its shipbuilding, shiprepair & conversion, shipchartering and dredging engineering divisions. The contracts secured are mainly from repeat customers in the region as well as in the Middle East
Although many builder countries struggled to win new orders in 2015, yards in the Philippines, Vietnam and Taiwan managed to increase their combined share of global ordering to its highest level on record, says Clarksons Research.
Ocean freight rates for cargo moving under contracts on the major East-West trade routes fell by another 18% between February and May, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates
Ocean freight rates for cargo moving under contracts on the major East-West trade routes fell by another 18% between February and May, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight
Solstad Offshore ASA (SOFF) says it has entered into a frame agreement with Technip Norge AS and Technip UK Limited (Technip) to supply vessels for trenching, construction and subsea services. The deal’s commercial terms have not been disclosed.
Norsafe informs it has signed a new contract with VARD Group, and will supply lifeboats complete with davit systems to a series of 15 new vessels. Topaz Energy and Marine has appointed shipbuilder VARD Group to construct 15 Module Carrying Vessels (MCVs)
Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine) has secured contracts from Jan De Nul Group to build three Trailing Suction Hopper Dredgers (TSHDs). The TSHDs are worth about S$100 million in total.
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels secured a contract for the design and construction of three vessels for an undisclosed client. The aggregate contract price is approximately USD 70 million
TTS Group ASA said it has secured a new contract for delivering a 10,000-ton ship lift to Casablanca Port in Morocco with an order value of approx. MNOK 135. The contract is with Civils Contractor Somagec for its Casablanca Port development project.
Vard Holdings Limited announced that it has secured contracts to build four luxury expedition cruise vessels with French cruise company PONANT. The contracts follow on a Letter of Intent (LoI) reached in March 2016, which set out several conditions to be met including satisfactory