Service Agreement

Service Agreement Safeguards Power Supply Offshore

Petroleum Geo-Services (PGS), a Norwegian oilfield service company, has awarded a five-year Service Agreement to Wärtsilä covering maintenance of the power plants onboard three offshore FPSO (Floating, Production, Storage and Offloading) vessels. The agreement applies to the Petrojarl Foinaven, the Petrojarl Varg and the Petrojarl 1, which are operating in the North Sea and the north Atlantic ocean. With Wärtsilä maintaining the vessel's power plants at all times, Petroleum Geo-Services is able to concentrate on its core business of offshore capabilities in floating production and storage facilities. The ongoing power plant servicing provides the vessels with optimized availability together with cost savings, risk mitigation and financial predictability. The new Service Agreement is an extension of the first Service Agreements between Petroleum Geo-Services and Wärtsilä which were signed back in June 1999 for the Petrojarl Foinaven's 51 MW power plant, in November 1999 for the Petrojarl Varg's 36.7 MW power plant and in January 2002 for the Petrojarl 1's 12 MW power plant. Wärtsilä has had a permanent power plant maintenance crew onboard the three vessels at all times since January 2002. During overhauls, Wärtsilä sends additional service crew to complete the job within the time required. Wärtsilä also supplies all spare parts and consumables. The purpose of this commitment is to keep unplanned downtime as short as possible.

FMC Technologies Unit Agreement Extension With Statoil

FMC Technologies, Inc. announced that its FMC Energy Systems business has signed an extension of its existing subsea service agreement with Statoil ASA to provide technical services and subsea equipment for an additional two years, with an option for two more years beyond that. Under the terms of the extension, FMC Energy Systems expects to receive approximately $60 million per year. The agreement comprises technical services in connection with completion, workover, installation

WSS Signs Safety Service Agreement With Victoria Ship Management

Wilhelmsen Ships Service (WSS) has signed its first fleet Safety Service Agreement with a Japanese principal. The two-year agreement, valued at $300,000 includes 25 panamax and cape-size bulk carriers and 18 product carriers on behalf of Tokyo-based Victoria Ship Management. The WSS Safety Service Agreement provides a standardized service covering a client’s fleet, offering fixed prices for inspection at agreed ports covering fixed systems and portable equipment

NCL Awards Maintenance Contract to MAN

MAN Diesel & Turbo gets 4-year $30 million contract from US-based Norwegian Cruise Line MAN Diesel & Turbo has received an order from the US-based cruise liner company Norwegian Cruise Line for the maintenance of the engines on nine of the fleet’s cruise liners.The service agreement runs for four years and is being handled by the MAN PrimeServ service office in Fort Lauderdale, Florida, USA. Besides the maintenance work it also covers the supply of spare parts.

Stolt-Nielsen and Jo Tankers Combine Service for U.S. Gulf to Asia

Stolt-Nielsen Transportation Group Ltd. (SNTG), a wholly-owned subsidiary of Stolt-Nielsen S.A. announced a co-service agreement for operational matters for the carriage of bulk liquids from ports in the U.S. Gulf to ports in Asia. The purpose of this agreement is to improve service levels for SNTG and JOT customers and increase operational efficiencies while maintaining the commercial independence of SNTG and JOT

Star Cruises Signs Long-Term Contract

Long-term Preventive Service agreement will increase reliability and extend equipment life-time through scheduled maintenance procedures. ABB, an  automation technology group, has won a long-term service contract from Star Cruises for preventive maintenance of all ABB equipment onboard SuperStar Virgo for the next five years. The approximately US$ 1 million contract was signed in the fourth quarter of 2012 and commences in January 1, 2013.

Goltens Secures Agreement with Hanjin

The Goltens Group reached an exclusive, long-term service agreement with Hanjin Shipping. Under the terms of the agreement, Hanjin has named Goltens (Shanghai) as its exclusive engine and repair service provider. In addition to working with Goltens facilities in Shanghai, Hanjin will also have access to service at Goltens workshops in Singapore, Rotterdam, New York, Long Beach, California and other locations in Goltens worldwide network.

Brazilians Sign Charters for Three Semi-submersible Rigs

Queiroz Galvão Óleo e Gás (QGOG) partners with Sete Brasil in charter agreements for 3 drilling rigs. QGOG, the largest Brazilian provider of drilling and production services, announce that, in partnership with Sete Brasil, they have signed a charter and services agreement for three semi-submersible ultra-deep water drilling rigs, named Urca, Bracuhy and Mangaratiba. QGOG will operate the rigs and QGOG Constellation, through one of its subsidiaries

Keppel secures contract for Qatargas LNG carriers

Keppel Shipyard Limited (Keppel Shipyard) has entered an Alliance Service Agreement for the drydocking of a fleet of Moss Rosenburg (MOSS) type of Liquefied Natural Gas (LNG) carriers chartered by Qatar Liquefied Gas Company Ltd (Qatargas). The five-year agreement was signed with MO LNG Transport Co., Ltd (MOL), Nippon Yusen Kaisha Ltd (NYK) and Kawasaki Kisen Kaisha Ltd (K-Line). The vessels under the fleet agreement are Al Zubarah, Al Khor, Al Rayyan, Al Wajbah, Broog, Zekreet

ABB Wins Star Cruises Preventive Service Contract

ABB wins Star Cruises long-term service contract for preventive maintenance of all ABB equipment onboard 'SuperStar Virgo'. The approximately US$ 1-million contract was signed in the fourth quarter of 2012 and commences in January 1, 2013. The service contract covers periodic maintenance visits scheduled when they least disturb SuperStar Virgo operations. A long-term approach to maintenance and reduction in the variable costs caused by maintenance-related actions make budgeting more