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
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, $2.9b dollars of which was secured during the first nine months of the year. Yangzijiang was among the three foreign stocks that were included in the revamped Straits Times Index. [Source: Thomson Financial]
COSCO Corp. (Singapore) secures contract to construct a Floating Production Storage Offloading (FPSO) vessel in China. COSCO Nantong Shipyard Co. Ltd., a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co. Ltd., has secured a contract valued over US$ 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.
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.
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.
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
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.
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
Julien Citywide, New Orleans, La., was awarded on Nov. 7, 2005, an $11,741,320 firm-fixed-price contract for quality assurance services in support of Hurricanes Katrina and Rita. Work will be performed in Louisiana, and is expected to be completed by Nov. 6, 2006. Contract funds will not expire at the end of the current fiscal year. There were an unknown number of bids solicited on Oct. 5, 2005, and 98 bids were received. The Louisiana Recovery Field Office, Baton Rouge,
Sembcorp Marine secures US$ 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
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
Revenues for the second quarter of 2014 were US$1,222 million compared to US$1,221 million in the first quarter of 2014, according to the company's financial report. Operating profit for the quarter was US$476 million compared to US$890 million in the preceding quarter
COSCO Corporation (Singapore) says that its subsidiary COSCO (Dalian) Shipyard has secured the 4 ship construction contracts from Maersk Supply Service AS (MSS) which are worth over US$470-M (excluding owner furnished equipment). MSS has also secured options for two additional subsea supply
Bibby Ship Management announced it has secured two new contracts in the offshore oil and gas sector. Bibby Ship Management Singapore has been appointed as the technical and crewing managers for the OSX 2, an FPSO vessel, working in conjunction with overall project managers Tecnomar &
COSCO Corporation (Singapore) Limited announced that shipyards, which are subsidiaries of the Company’s 51% owned subsidiary COSCO Shipyard Group Ltd, have secured contracts valued at approximately USD300 million to build one accommodation barge and seven bulk carriers as follow:
The Habtoor Leighton Group (HLG) has been awarded a contract valued at QAR1.09 billion (US$300 million) for the construction of pipelines for two sections of Doha’s&n
Kongsberg Maritime has secured contracts for the delivery of fully integrated navigation and automation systems for a series of 14 crude/product tankers ordered by BP shipping Ltd. The new builds will be delivered by STX Offshore and Shipbuilding Co., Ltd. by September 2016
PD&MS Energy has been awarded an offshore contract extension for engineering work on Fairfield Energy’s North Sea assets. Following an initial three-year contract, the options will see the Aberdeen-headquartered firm provide engineering
James Fisher Marine Services Ltd (JFMS), part of James Fisher and Sons plc has announced the signing of a cooperation agreement with Mammoet Salvage B.V a division of Mammoet. Operating for over 200 years and with a global office network
Seadrill Limited informs it has secured new contracts for the jack-up units 'West Tucana', 'West Telesto', 'West Ariel', and 'West Prospero'. Additionally, the contract for the 'West Mischief' has been extended by four months. The total revenue potential for the four new contracts and
Keppel Offshore & Marine Ltd.'s (Keppel O&M) subsidiaries Keppel Shipyard Ltd., Keppel Singmarine Pte Ltd. and Keppel Nantong Shipyard Co. Ltd. have secured contracts worth a total of about S$140 million. Michael Chia, Managing Director (Marine & Technology) of Keppel O&M, said
In a ceremony at the U.S. Chamber of Commerce, the Overseas Private Investment Corporation’s (OPIC) President and Chief Executive Officer Elizabeth L. Littlefield presented Ellicott Dredge Enterprises, LLC and its Ellicott Dredges LLC entity with OPIC’s inaugural “Impact
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M), has secured contracts to build three high-specification KFELS B Class jackup rigs worth about $650 million (USD) from new customer Fecon International Corp. (Fecon).
Tsakos Energy Navigation Ltd. (TEN), a crude, product and LNG tanker operator, announced the time charter renewal of a 2004 built, double hull handysize product tanker with a major national end-user for a period of twelve months. The new charter commenced in February 2014 and is expected to
Thales has signed a five-year contract with the U.K.’s Ministry of Defence to provide support for the Sonar 2050 antisubmarine sensor used on the Royal Navy’s Type 23 frigate fleet. Sonar 2050 is a medium-range bow sonar currently fitted to 13 Type 23 frigates and is the Royal