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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


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


NCL Awards Maintenance Contract to MAN

Norwegian Epic: Photo credit CCL Jacopo Werther

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.


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


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


BIMCO, Global Shipping Forum launch “SERVICECON”

Port of Hamburg

  BIMCO and the Global Shipping Forum have now launched a new standard contract – named “SERVICECON” – which simplifies and harmonises terms and conditions for container volume contracts between shippers and carriers. The new agreement is designed to meet the contractual needs of small to medium sized shippers, which, despite the large number and global value of the shipments they transport


Radio Holland, BWFM Ink Service Agreement

Photo: Imtech Marine

Radio Holland, part of Imtech Marine, has won a service agreement with tanker, gas and offshore maritime group BW Fleet Management (BWFM). The two-year agreement covers all the navigation and communication equipment onboard 13 LPG vessels. Radio Holland also provides remote support for these vessels.   BWFM has technical responsibility for more than 50 vessels including Very Large Crude Carriers (VLCCs), Long Range 1 product tankers (LR 1s)


GE Inks Turbine Service Deal for Fastest Commercial Ship

Shown is Francisco, the world fastest commercial ship, powered by two GE LM2500 dual fuel marine gas turbines. (Photo: GE)

GE to provide Buquebus with customized service agreement for LM2500 gas turbines that power Francisco, the world’s fastest commercial ship   GE Marine announced it will provide Buquebus, Buenos Aires, Argentina, with a customized service agreement for the two GE LM2500 gas turbines


Radio Holland, Thome Ship Management Sign MSA

Photo: Radio Holland

Radio Holland in Singapore has signed a Managed Service Agreement (MSA) with Thome Ship Management that will cover nine vessels for four years. Thome Ship Management, headquartered in Singapore, has worked for many years with Radio Holland, which is part of Imtech Marine


Radio Holland, Thome Ship Management Ink MSA Deal

Champion Ebony Photo Radio Holland

  Radio Holland in Singapore has signed a Managed Service Agreement (MSA) with Thome Ship Management that will cover nine vessels for four years. Thome Ship Management, headquartered in Singapore, has worked for many years with Radio Holland, which is part of Imtech Marine


ASRY 2015 Strategy Combats Challenging Market

ASRY Corporate Image low res WEB.jpg

Up to May 2015, ASRY (Arab Shipbuilding & Repair Yard), was seeing encouraging results from it’s 2015 strategy to combat the widespread challenges facing the maritime repair market, particularly shipowners reduced repair budgets. In terms of revenue


Wärtsilä, Clean Marine Energy Offer "Scrubber Finance"

Wärtsilä Open Loop Scrubber System

  Wärtsilä and Clean Marine Energy (Europe) Ltd (CME) today announced the landmark signing of the shipping industry's first collaboration agreement that will provide a convenient funding solution to drive the uptake of exhaust gas cleaning technology


Wärtsilä, CME Offer ‘Scrubber Finance’

Funding concept promotes installation of scrubber systems by offering financing to shipowners, with returns taken from fuel price spread   In a move intended to help ease the financial burden on shipowners seeking to install scrubber systems to meet sulphur emissions legislation


Rolls-Royce Extends Service Capability in S.Korea

Photo courtesy of Sunjin Entech

Rolls-Royce has extended its service capability in South Korea by partnering with Busan-based ship repairer Sunjin Entech.   The new service agreement means that Rolls-Royce can now provide customers with a bespoke one-stop service solution at the Gupyung and Youngdo yards


Wärtsilä to Provide TMA for Golar Fleet

Golar LNG vessel Photo by Golar

  Wärtsilä signed a 5-year Technical Management Agreement with Golar Management Oslo for delivery of services to Golar LNG - one of the largest independent owners and operators of liquefied natural gas (LNG) carriers in the world


Wärtsilä and Golar LNG Signs Major Contract

Golar Crystal: Pic by Golar LNG

 Wärtsilä has signed a five-year maintenance agreement with Golar Management Oslo for the delivery of services to Golar LNG, which is one of the world's largest independent owners and operators of LNG tankers.    Service agreement includes remote monitoring of engines


Block Island Wind Crew Transfer Contract Awarded

Photo courtesy of Seacat Services

Agreement enables high-speed catamaran ferry company Rhode Island Fast Ferry to commission first US-built crew transfer vessel, to be built by Blount Boats, and launch Atlantic Wind Transfers, its commercial wind support services division.  


ASRY in Maritime Deal with Relay

Relay & ASRY signs service agreement to provide direct services to vessels

  UK-based engineering firm signs service agreement to provide direct services to vessels in ASRY, expanding the list of the yard’s onsite specialist contractors. ASRY, the leading ship and rig repair yard in the Arabian Gulf, has signed a specialized Services Agreement with Relay


Radio Holland Inks Service Deal with BW Fleet Management

The Service Agreement with BW Fleet Management is for 13 vessels

  Radio Holland, part of Imtech Marine, has concluded a service agreement with leading tanker, gas and offshore maritime group BW Fleet Management (BWFM). The two-year agreement covers all the navigation and communication equipment onboard 13 LPG vessels


Rail Deal to Boost New Orleans Container Flow

Work continues on the $25.1 million Mississippi River Intermodal Terminal, which will feature electric-powered rubber tire gantry cranes for more efficient loading and unloading of containers. The terminal, scheduled to be completed in the first quarter of 2016, will be a modern and efficient intermodal container transfer facility located within the Napoleon Avenue Container Terminal. (Photo: Port of New Orleans)

CN Railway expands Gulf gateway focus in signing supply chain agreement with Port of New Orleans   The Port of New Orleans and CN signed a memorandum of understanding (MOU) that will see the parties develop greater supply chain efficiencies aimed at drawing more container traffic through


RFAI Key to Monitoring West Coast Agreement - FMC

FMC Commissioner William P. Doyle

  Following is the statement of FMC Commissioner William P. Doyle follows: We do not take our hands off the wheel just because an agreement is allowed to go into effect without the Commission taking any further action to delay the implementation of the agreement


Thome Signs Safety Service Agreement with WSS

Harald Lundestad (Photo: WSS)

Singapore-based Thome have signed a Safety Service agreement with Wilhelmsen Ships Service (WSS). Ryan Dalgado, Procurement & Supply Chain Manager from Thome said, Working with WSS, we also benefit from their geographical spread and in-depth knowledge of local port procedures to keep port






 
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