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Signs Contracts

Saudi Signs Port & Shipyard Contracts

Saudi Ports sign contracts for upgradilng ports & rents out shipyard The Saudi Ports Authority has signed contracts worth s total $130 million for develpment and maintenance of ports including: King Abdul Aziz Port in Damman, King Fahd Industrial Port in Yanbu for use of Yasref refining company. In addition a 10-year contract was signed with Al=Balagha Trading Group for the rental of King Fahd Shipyard.  


Seaspan Signs Contract for Five Ships

Seaspan Corp has signed contracts for Samsung Heavy Industries Co Ltd to build five new 4,520 TEU container ships. Seaspan has also completed more than $900 million in debt financing with a long-term fixed interest rate of less than 6 percent. The company has signed 12-year time charters for the vessels with Kawasaki Kisen Kaisha Ltd, Japan's third-largest liner operator. The five new vessels are due to be delivered in 2010 and 2011


TransCoastal Signs Contracts Totaling $22M

TransCoastal Marine Services Inc. has signed contracts with a subsidiary of Penn Maritime Inc. for the modification and double-hull conversion of two barges. The work on the two barges will be carried out by TransCoastal's Fabrication and Offshore Group for more than $22 million. The project will begin in July and will extend into the fourth quarter of 2000.


Vacon, Scanfil Agree on China Production

Vacon Plc has signed a memorandum of understanding with Scanfil Plc on production of the Vacon NXL low-power (under 3 kW) frequency converters in Suzhou, China, during the first year-quarter of 2004. The signed contract aims for a long-term cooperation in production and development of Vacon's logistics process. This contract has no impact on employment of Vacon personnel in Finland.


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


Halifax Shipyard to Build Cruise Ships

The CBC has reported that Halifax Shipyard has signed contracts to build two luxury cruise ships for Pearl Seas Cruises, a Connecticut-based company. The value of the deal, signed Tuesday, was not made public. Pearl Seas president Charles Robertson said the company chose the Irving Shipbuilding Inc. operation because of the workers, facilities and geographic location. The vessels will carry between 165 to 210 passengers. The first one is expected to begin service in July 2008.


Rolls-Royce Wins Deck Safety Orders

 Rolls-Royce has signed contracts with a value of about $99m covering delivery of safer deck operations equipment for four anchor handling vessels; two of the contracts are with Karmsund for Ezra in , and two with Aker Yards for K-Line in . 


Wärtsilä Wins Bulk Orders for 72 FPPs

The propeller manufacturer and joint-venture company Wärtsilä CME Zhenjiang Propeller Co Ltd signed contracts in November to deliver a total of 72 fixed pitch propellers (FPP) at a value of approximately EUR 30 million. The company will deliver the propellers to six of China's leading shipbuilders for vessels due to be delivered between 2009 and 2011. The nickel-aluminium bronze propellers, totalling over 2700 tonnes with diameters ranging from 6.1 - 8


Fincantieri To Build Ferries For Minoan Lines

Fincantieri has signed contracts with Minoan Lines to supply two high-speed ferries for delivery in autumn 2001 and spring 2002. The price for each vessel is about $106 million, Fincantieri said. With a gross tonnage of about 36,000 tons, each ship can carry 2,000 passengers, 110 cars and 120 trailers. These are the third and fourth ships that Minoan Lines will have on order at Fincantieri. The earlier vessels, to be named Knossos Palace and Festos Palace, will be delivered in 2000 and 2001


Keppel Ends Year with More Contracts

According to a report from Sea Trade Asia, Keppel Offshore & Marine (Keppel O&M) has ended 2008 with additional signed contracts worth $136m through its wholly owned subsidiaries. The new orders include the upgrading and conversion of a Floating, Storage and Offloading (FSO) vessel into a Floating Production, Storage and Offloading facility by Keppel Shipyard for Single Buoy Moorings, the building of two RAmpage 5500 Z-M offshore support tugs by Keppel Singmarine for Seaways


Georgia Delegation visit Naval Academy "NYVaptsarov"

Georgia Delegation

  From 15 to 17oktomvri 2014. Naval Academy "N. Vaptzarov "hosted a delegation from Georgia led by prof. Sharabidze Irakli - Rector of the State Maritime Academy, city. Batumi, Georgia. Between the two schools of 20.09.2014g


Mexican Navy Contracts Damen for Two Vessels

Rendering of the FCS 5009 (Image courtesy of Damen)

Secretaria de Marina orders seventh patrol vessel and a fast crew supplier In August 2014 the Mexican Navy (Secretaría de Marina) and the Netherlands’ Damen Shipyards Group signed contracts for the delivery of the design, material package


Newbuilding Orders: Summer Lethargy Lingers

Bitumin carrier: File photo

Despite some anticipation in increased activity as the summer holidays come to an end, there are just two orders to report this week both focused on the more specialised markets, says Clarkson Hellas in their latest S&P Weekly Bulletin. Asphalt & Bitumin carriers


Global Ocean Trade: Latest Shipbuilding Orders

Shipyard scene: File photo

A relatively steady week in the newbuilding market in terms of volume of ordering remarks Clarkson Hellas in their latest S&P Weekly Bulletin, most for LNG carriers. Dry bulk carriers In Dry, Sungdong Shipbuilding have signed contracts with Teh-Hu (Hong Kong) for one firm plus one option 180


EMGS Receives New contract From Tullow Oil

BOA Thalassa

  Electromagnetic Geoservices ASA (EMGS) has received a signed contract from Tullow Oil Norge AS worth USD 7.7 million for 3D EM data acquisition in the northern part of the North Sea. "We are delighted to work with Tullow again, and also


EMGS - New Contract In Norwegian Sea

Electromagnetic Geoservices ASA (EMGS), the marine EM market leader, has received a signed contract from a customer worth USD 2.3 million (NOK 13.5 million) for 3D EM data acquisition in the Norwegian Sea.   The survey is expected to commence in June, using the vessel BOA Thalassa.


Rosneft's Igor Sechin Meets PDVSA's V. P. of E & P

Rosnefts Igor Sechin Met PDVSA Vice President of Exploration and Production

  Rosneft President, Chairman of the Management Board Igor Sechin held a working meeting with Eulogio Del Pino, PDVSA Vice President of Exploration and Production today. The parties pointed meaningful results of joint projects of the two companies at the meeting


Lauritzen & Namura Sign Newbuilding Contract

Lauritzen and Namura sign newbuilding contract

  Lauritzen Bulkers and Namura Shipbuilding Co., Ltd., Japan have signed contracts for building at Hakodate of two bulk carriers at a signing ceremony in Copenhagen on 10 June 2014. The deal consists of two 34,000 dwt eco design handysize bulk carriers for delivery in 2017.


Global Ocean Trade: Latest Shipbuilding Orders

File image

Shipbuilding orders for drybulk carriers, tankships, containerships and a RoRo were placed in the past week according to 'Clarkson Hellas S&P Weekly Bulletin'. Dry bulk carriers Cara Shipping, the shipping arm of Chinese domestic company Rizhao Steel, has placed orders for two further 250


Black Sea Offshore Drilling Upgrade Underway

Supply Base Manager Alexander Pavlov (left) discusses planned upgrades

Boost for Novorossiysk supply base to meet growing demand. GAC Russia said it is underlining its commitment to offshore oil & gas exploration and extraction in the Black Sea with a major project to upgrade its facilities at the port of Novorossiysk.  


Signet Buys Harvey Gulf's Towing Division

Shane J. Guidry, Chairman & CEO, Harvey Gulf (left) and J. Barry Snyder, President, Signet Maritime sign closing documents on May 15 at Harvey Gulf International Marine in New Orleans, Louisiana for the sale of Harvey’s Offshore Towing Division to Signet Maritime.

Harvey Gulf International Marine has sold its towing division to Signet Maritime Corporation. Through the deal, Signet will acquire eight offshore towing vessels (OTVs) ranging in size from 75 to 153 metric tons bollard pull. The sale will encompass all Harvey OTVs, spares, business and supplies


GAC Russia To Upgrade Facilities At Novorossiysk Port

Logo

  GAC Russia is underlining its commitment to offshore oil & gas exploration and extraction in the Black Sea with a major project to upgrade its facilities at the port of Novorossiysk. The Black Sea is one of the areas in which the development of fields looks set to boom as Russian


EMGS secures new contract in the Barents Sea

BOA Thalassa

  EMGS has received a signed contract from a repeat customer worth NOK 10 million (USD 1.7 million) for 3D EM data acquisition in the Barents Sea. The Company expects to commence the survey in May, using the vessel BOA Thalassa.


Latest Global Ocean Trade Shipbuilding Orders

File image

A relatively quiet week in the dry bulkship and tankship newbuilding market according to Clarkson Hellas in its latest S&P Bulletin. Dry Bulk Carriers Kuang Ming Shipping are understood by Clarkson Hellas to have contracted two firm 61,000 DWT Ultramax bulkers at Imabari


Pacific Drilling Revenue Up Again in Q1 2014

Image courtesy of Pacific Drilling

In its First-Quarter 2014 results Pacific Drilling announces revenue of $225.6 million for the three months ended March 31, 2014, as compared to revenue of $200.5 million for fourth-quarter 2013 and $175.0 million for first-quarter 2013. Highlights






 
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