Coflexip Stena Offshore International has been awarded through Single Buoy Moorings (SBM) a significant part of the mooring and installation package for Shell Nigeria Exploration & Production Company's (SNEPCO) Bonga field development. This field is located in OML* 118 some 120 km offshore Nigeria's Niger Delta South West coastline in 3,600 ft. (1,100 m) of water. The field is operated by SNEPCO (55%) on behalf of Nigerian National Petroleum Company in partnership with Esso Exploration and Production Company Nigeria Ltd (20%), Nigeria Agip Exploration Ltd (12.2%) and Elf Petroleum Nigeria Ltd (12.5%). CSO International's scope will cover project management, engineering, procurement, transportation and installation of three dynamic 19-in. ID flexible oil offloading risers, each 7,010 ft., for installation between the FPSO and the Single Point Mooring buoy. This will constitute the first use in the world of flexibles of such a length as export risers, between an FPSO and an offloading buoy. These 19-in. ID flexible risers will be manufactured at the Group's Le Trait plant in Normandy, France, during the autumn of 2002, and are designed to withstand over 20 years of service. In addition, CSO's work includes the project management, engineering and installation in 3,600 ft. water depth of more than 55 km of gas lift risers and control umbilicals together with the installation of 5 large manifolds, each weighing 140t.
Coflexip Stena Offshore, along with Kvaerner is finalizing the acquisition of the business of Houston-based pipeline engineering company Kvaerner R.J. Brown (KRJB). Closing was expected to occur on March 31. Known as a pipeline engineering company specializing in the design and installation of pipeline bundles and risers for deepwater applications, KRJB is renowned for its offshore pipeline design and towing techniques for more than 30 years.
Standard & Poor's placed on CreditWatch with negative implications its triple-'B'-plus long-term corporate credit rating on Coflexip S.A., the parent company of the Coflexip Stena Offshore group. The 'A-2' short-term corporate credit rating was affirmed, as the long-term rating will not fall below triple-'B' The rating action follows a previous announcement that Coflexip has entered into a conditional agreement to acquire the deepwater division of Norway-based Aker Maritime ASA in a cash
Stena Bulk has confirmed an order for two in-house designed Suezmax tankers from Samsung, South Korea for delivery in 2011. The 158,700 dwt vessels, with a length of 899 ft and a beam of 157.5 ft, will be when delivered the largest tankers in Stena Bulk’s fleet. Also included are two optional sister vessels, declarable spring 2010. Nearly $7m extra per vessel has been invested in state-of-the-art technology in order ensure the highest environmental class including minimum 10 percent
Fairmount Marine’s multipurpose support vessel Fairmount Fuji has assisted drill ship Stena Icemax while making a stop-over at Cape Town. On request of the owner of Stena Icemax the Fairmount Fuji carried out several cargo runs from the port of Cape Town to the anchorage. Stena Icemax was under way from the Far East to French Guiana and required to make a stop-over at Cape Town for crew change and replenishment
Newly built chemical and product tanker Stenaweco Impulse was named by H.R.H. Crown Princess Mary of Denmark, whobroke a bottle of champagne against the tanker’s bow and wished the vessel, her captain and his crew fortune and prosperity. Named on Monday at a cerempny at Langelinie Pier in the center of Copenhagen, Stenaweco Impulse is the newest vessel owned by Stena Weco, a joint venture between Swedish Stena Bulk and Danish Weco Shipping for the transport of vegetable oils
Stena Bulk has sold 50 percent of the tanker Stena Arctica to the Finnish oil company Neste Oil, which will also operate the vessel on a 10-year charter from 1 January, 2007 – mainly to transport oil from Primorsk to the Finnish port Porvoo in the Baltic. The 117,100 DWT Stena Arctica was delivered at the end of 2005 from the shipyard Hyundai Heavy Industries in South Korea and is the world’s largest tanker with the highest ice class (1A Super) currently in service.
Stena Bulk, an international tanker owner controlling a fleet of more than 75 tankers from seven offices in six countries, announced the appointment of Mr. Jonas Kihlberg to the position as Senior Vice President of the Stena Bulk Group Worldwide and Head of Stena Bulk LLC. In his position, Kihlberg will focus on expanding and strengthening the market presence and profitability in US/Central and South America. Kihlberg will take up his new role from Stena Bulk's offices in Houston, Texas, USA
General Maritime Corporation (NYSE: GMR) announced that it has entered into memoranda of agreement to sell three product tankers, the 2004-built Genmar Concord, the 2005-built Stena Concept and the 2005-built Stena Contest, to affiliates of Northern Shipping Fund Management Bermuda, Ltd., an alternative capital provider to the shipping and offshore oil service sectors. General Maritime will receive net proceeds totaling $61.7m for the sale of the three vessels
After 35 days at sea, the Stena Polaris has arrived at the port of Yousu in South Korea. She has sailed via the icy and harsh Northeast Passage along Russia’s northern coast. After arriving at her final destination, the ship was celebrated with representatives of the South Korean government, the corporate management of both Hyundai and the Stena Group and the port authorities attending. The Stena Polaris began her voyage on September 17 in the port of Ust Luga in the Gulf of Finland
The newly constructed chemical and product tanker Stenaweco Impulse will be named by her godmother H.R.H. Crown Princess Mary of Denmark at a June 13 ceremony on Langelinie Quay in Copenhagen. The Stenaweco Impulse is the sixth in a series of 13 IMOIIMAX tankers ordered by Stena Bulk
DNV GL has signed a contract to provide classification services for Stena Line’s new RoPax ferries, to be constructed at AVIC Weihai Shipyard in China, the classification society announced today at the Posidonia trade fair in Athens, Greece.
Stena Line’s ferry passengers are set to experience new levels of communication services following a upgrade to the VSAT connectivity on board, says Marlink, who has more than trebled the bandwidth in Stena Line’s fleet-wide Closed User Group (CUG) service and integrated GSM 3/4G
Chinese shipyard GSI (Guangzhou Shipbuilding International) has delivered the newly built MR tanker Stena Imagination to 50-50 joint owners Stena Bulk and Indonesian Golden Agri Resources (GAR). She will be operated by Stena Weco and sail in the company’s global logistics system
Capital Product Partners L.P. a Marshall Islands master limited partnership and an international owner of modern tanker, container and drybulk vessels today announced that its board of directors has declared a cash distribution of $0.2385 per common unit for the fourth quarter of 2015 ended
The chemical and product tanker Stena Imperative has been delivered from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME), formerly Guangzhou Shipyard International (GSI), in Guangzhou. The naming ceremony will be held in Hong Kong on January 26, 2016.
The chemical and product tanker Stena Imperative was yesterday named at China Merchants Wharf in Hong Kong. The vessel, an IMOIIMAX MR tanker, is wholly owned by Stena Bulk and was delivered a few days ago from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME*) in
New capacity more than doubled in 2015 due backlog; existing projects to bring more expansion in coming years. Growth in new offshore wind capacity in Europe is to slow this year after more than doubling in 2015, an industry report said on Tuesday.
The U.S. Coast Guard’s “number one priority is the offshore patrol cutter,” the service’s commandant told the House Appropriations Homeland Security Subcommittee Thursday, reports U.S. Naval Institute. The service will be looking again at its force-mix
Concordia Maritime has signed a contract to charter out another P-MAX tanker, Stena Progress. The contract, which comes into effect in April 2016, is for three years. Contract partner is a national oil company. “We are continuing to take advantage of the market momentum by
The chemical and product tanker Stena Weco Impulse, jointly owned on a 50-50 basis by Stena Bulk and the Danish Weco Group, has been delivered from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME) in Guangzhou.
Stena RoRo, a subsidiary of the Swedish ship owner Stena AB, and AVIC International Ship Development (China) Co. Ltd. have signed a contract, subject to board approval, for four ro-pax ferry newbuilds, including option for another four. These will be some of the first ro-pax ferries to be built in
Concordia Maritime has signed a new consecutive voyage contract for the P-MAX tanker Stena Polaris. The contract, which comes into effect in May 2016, is for one year. The contractual partner is one of the world’s largest oil and gas companies.
A manufacturer of two-stroke engines has agreed to validation tests of an Alfa Laval hydraulic control oil (HCO) filter . The approval to test the final HCO filter design comes after concept testing on the crude oil tanker Stena Suède.
Concordia Maritime entered into a settlement agreement regarding a dispute associated with Stena Primorsk’s grounding in the Hudson River in December 2012. According to the settlement agreement, Concordia Maritime will pay $9.25 million to the counterparty.