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Signs Contract

Kuwait, Philippine Sign Contract

Kuwait Foreign Petroleum Exploration Company (KUFPEC), Shell and South China Resources (SCR) signed a contract with the Philippine Energy Department on offshore oil and gas explorations in northeastern Palawan, Philippine. The contract covered an area that exceeds 10 million square km, 30 percent of which is assigned to KUFPEC, 55 percent to Shell and the other 15 percent to SCR. The contract includes exploration and drilling of three oil wells within the next seven years and if oil or natural gas is discovered there, the production contract will be extended for nearly 25 years. (Source: People’s Daily Online)


Kronodoc, Aker Finnyards Sign Contract

Kronodoc Oy signed a purchase contract with Aker Finnyards Inc., the former Kvaerner Masa-Yards Inc. In addition to the delivery of the Kronodoc product, the contract includes services to implement the Kronodoc product in document management and collaboration functions throughout Aker Finnyards` design processes; to integrate the product to existing yard systems; to migrate data from existing document management systems to Kronodoc; and to train key users and administrators in the use of the


Coflexip Stena Signs Contract With Hyundai Mipo

Coflexip Stena Offshore came to an agreement with Hyundai Mipo Dockyard for the construction of its newbuild ultra deepwater pipelay and construction vessel, scheduled to begin operations in the second quarter 2001. The future multipurpose vessel, which will be named later on, is designed for subsea construction and for laying rigid and flexible pipe and umbilicals down to 2,500 m. The newbuild will offer a wide range of capabilities covering subsea construction and installation in any deep


Labor Disputes Paralyze West Coast Ports

A contract dispute between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association has crippled West Coast Ports from Seattle to San Diego. According to reports, the shutdown forced some 11,000 unionized workers off their jobs while millions of dollars worth of cargo remained idle. The labor dispute between longshoremen and shipping lines could cost the nation $1 billion a day by halting scores of cargo deliveries


Nam Trieu Begins Construction on 56,200 ton Vessel

According to VNS, Nam Trieu Shipbuilding Industry Corporation, under the Viet Nam Shipbuilding Industry Group, began construction of a 56,200-tonne vessel, the first of three vessels for Japan’s Lavender Maritime S.A. The 623 ft. will be built under Japan’s NK Register in 22 months. Nam Trieu has also signed contracts to build four multi-purpose vessels worth $17m and vessels to transport automobiles capitalized at $2 billion. Source: VNS


Vancover Shipyards and Washington Marine Sign Contract with Acomarin

Vancouver Shipyards together with their parent corporation Washington Marine Group has signed a contract with Acomarin Engineering to purchase their JAK-400 Pushpin® ATB coupling system. Much research went into the decision as to which ATB coupling system would best fit their needs. Acomarin’s JAK-400 Pushpin® coupling system is one of the lightest ATB coupling systems on the market making it an easy retro fit to any tugboat and barge


Aker Yards signs Contract with Birka Line

Aker Yards Lifecycle Services and Birka Line have signed a contract for the refurbishment of the spa area on board the Birka Paradise. The contract is worth approximately EUR 2 million. The refurbishment is scheduled for completion in January 2008. The scope of work onboard the cruise ship Birka Paradise includes the extension and refurbishment of the spa area (treatment rooms, saunas, showers and other spa facilities).


Aker Yards Signs Contract with Birka

Aker Yards Lifecycle Services and Birka Line have signed a contract for the refurbishment of the spa area on board the Birka Paradise. The contract is worth approximately $2.7m. The refurbishment is scheduled for completion in January 2008. The scope of work onboard the cruise ship Birka Paradise includes the extension and refurbishment of the spa area (treatment rooms, saunas, showers and other spa facilities). This is the fourth spa refurbishment contract won by Aker Yards in the last


Transocean Provides New Fleet Update Summary

Transocean Inc. issued a new monthly fleet update summary covering only newly signed contracts, significant changes to existing contracts and changes to estimated out of service time of 60 days or more since our fleet status report dated August 5, 2008. Drilling rig status and contract information on the company's offshore drilling fleet has been condensed into a report titled "Transocean Fleet Status Report," which is available through the company's Worldwide Web address at www


Ocean Rig Charter Out 'Erik Raude'

Rig Erik Raude: Photo credit Ocean Rig

Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, signs contract with an oil major for the semi-submersible drilling rig 'Erik Raude'. The drilling contract is for a one-well program, with an estimated duration of up to 6 months, for drilling offshore Ireland, with an estimated backlog of approximately US$112 million, including mobilization and demobilization. The rig is scheduled to commence this contract in the second quarter of 2013


VEKA Orders Steering Systems for 15 Newbuilds

Last week contracts were signed at the VEKA head office in Werkendam by Stefhan van den Hil from VEKA Group bv (right) and Leo van Zon, Van der Velden Marine Systems B.V. (left).

Last week contracts were signed at the VEKA head office in Werkendam by Stefhan van den Hil from VEKA Group bv (right) and Leo van Zon, Van der Velden Marine Systems B.V. (left).   VEKA Group awarded Van der Velden Marine Systems 15 contracts to deliver complete steering gear and rudder


Tanker Orders And The Flexibility Factor

Chart: Clarkson Research Services Limited

 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.  


Nauta Yard Cuts First Steel for Trawler Newbuild

Photo: Nauta Shipyard

Newbuilding Department of Nauta Shipyard has begun construction of fully equipped fishing vessel - Ocean Star with a steel cutting ceremony held on April 26. The ceremony was attended by representatives of shipowner, DnV and Warthill Design .


Australia Orders Replacement Replenishment Ships

HMAS Success Photo RAN

  The Government has signed contracts with Navantia S.A. to build Australia’s two replacement replenishment ships, avoiding a critical capability gap.   Australia’s current supply ship HMAS Success will reach its end of life in 2021 and needs to be replaced as a matter of


Greek-US Plan for an LNG Terminal

Photo: Gastrade SA

 Greece and the US are likely to reveal a joint venture to develop a liquefied natural gas (LNG) terminal when US Secretary of State John Kerry makes an official visit to Athens in November.   According to a local news report in eKathimerini


AET Orders Eight Tanker Newbuilds

Photo: AET

AET, an owner and operator of petroleum tankers, has signed contracts worth approximately $500 million combined for the construction of eight new vessels.   AET on Tuesday contracted Korean shipbuilder Samsung Heavy Industries Co Ltd (SHI) for four 113


Korea's Ship Building Orders Dip to 6-Year Low

Image: Hyundai Heavy Industries

 South Korean shipbuilders' new orders in November fell to the lowest level in six years amid woes over their growing losses, Yonhap reports.   Meanwhile, Chinese rivals scooped up a large slice of contracts, according to the data compiled by global researcher Clarkson Research Services


Contracting in Dry Bulk Remains Low - BIMCO

Dry Bulk contracting Courtesy BIMCO

The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the lowest level since 2003. That could potentially sway owners into buying new ships feeding even more into the already oversupplied fleet and worsening


Antwerp Port Makes Big Impression in India

Marc Van Peel, port alderman and Port Authority chairman. Photo Antwerp Port

  A few months ago the Essar Group from India decided to buy back the shares from her daughter company Essar Ports Limited (EPL). Port of Antwerp International (PAI), the international consulting and investment subsidiary of Antwerp Port Authority, set up an alliance in 2012 with EPL


Mexican Navy Orders Three Patrol Vessels

Photo: Damen

The Mexican Navy (Secretaria de Marina - SEMAR) and Dutch shipbuilder Damen Shipyards Group have signed contracts for three, 42-meter patrol vessels in addition to navy’s existing fleet.   The new ships will be of the Damen Stan Patrol 4207 design


APLNG Ships First LNG Cargo from Australian Megaproject

Photo: Australia Pacific LNG

 The first cargo of liquefied natural gas has sailed from the mammoth Australia Pacific LNG (APLNG) facility in Queensland, following a delay of at least two weeks with another carrier waiting to be loaded.   The startup of the APLNG project comes after a slight delay


Zentech Inks Deal for Two Z-210 with CSSC

Zentech’s MOU’s with CSSC Huangpu Wenchong Shipbuilding Co. Ltd. for the construction of two (2) Z-210 mobile offshores units Photo Zentech

Zentech Incorporated of Houston, Texas, USA signed contracts with CSSC Huangpu Wenchong Shipbuilding Company Limited for the construction of (2) Z-210 Mobile Offshore Units. These contracts were finalized based on the Letter of Intent received by CSSC Huangpu Wenchong Shipyard on September 23,2015


Euroseas Gets Newbuild Bulker

Kamsarmax Drybulk Vessels. Image by Paragon Shipping

 Euroseas Ltd, a Greece-based shipping company, took delivery of its newbuilding Kamsarmax dry bulk carrier Xenia and entered into a two-year time charter for its container carrier Evridiki G.   The M/V Xenia was delivered from the China-based Jiangsu Yangzijiang Shipbuilding Co


Yamal LNG Bags Contract for 96% output

Image: Yamal LNG

The Yamal LNG project has signed contracts for the sale of 96% of liquefied natural gas (LNG) it produces, Tass news agency reported, citing Evgeny Kot, head of Yamal LNG.   "96%, practically the total volume of LNG we produce will be sold under long term contracts


Nauta Bags Two Fishing Vessel Orders

Image: Nauta

Nauta Shiprepair Yard in Poland has signed two contracts in recent days for building partially outfitted fishing trawlers for its Danish client Karstensens Skibsvaerft AS.   Within the first order Nauta will produce a partly outfitted vessel with length 69.9 meters and beam 14.2 meters






 
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