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.
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.
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
This repair to the Stena Transfer is the seventh SPS Overlay project completed for Stena Line since 2002. Over 650m of the Stena Transfer’s main deck, tweendeck and shelter deck were reinstated using SPS Overlay. Unlike disruptive ‘crop and replace’ techniques, SPS Overlay is non-intrusive, the existing structure remained intact and the insulation, piping and services untouched. This contributed to significant schedule savings and to getting the Stena Transfer back in
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
International tanker shipping company Concordia Maritime has signed an agreement to charter 50 percent of a vessel in the Suezmax crude oil segment for a period of one year from August 2015, with an option for an additional year.
Swedish ferry operator Stena Line has announced that it has converted the Stena Germanica to run on methanol, an industry first. The company spent $24 million on converting the ship to methanol. The ferry re-entered service on March 26, serving its route on the Baltic sea between Kiel
Concordia Maritime takes delivery of the next generation of chemical and product tankers Concordia Maritime’s first chemical and product tanker based on the IMOIIMAX concept, the Stena Image, was delivered from the Chinese shipyard GSI (Guangzhou Shipbuilding International) in
Stena Bulk has signed an agreement covering the charter of the LNG carrier Stena Blue Sky for the North West Shelf Project in Australia. The duration of the charter is up to three years with a possible further extension as a goal. The contract was signed at current market freight rates
Concordia Maritime takes a position in the Stena Bulk’s Suezmax fleet corresponding to a 50 percent charter of one tanker. The transaction was done by Stena Bulk and the vessel will operate during one year on the open spot market in the successful Stena Sonangol Suezmax pool
Concordia Maritime renews agreement with oil and gas company for charter of two P-MAX product tankers in the Asia-Pacific region Concordia Maritime has renewed its contract with a major oil and gas company for a consecutive voyage charter arrangement for the P-MAX tankers Stena Provence
Concordia Maritime has just renewed its contract with a major oil and gas company for a consecutive voyage charter arrangement for the P-MAX tankers Stena Provence and Stena Polaris. The agreement will run until the summer of 2015.
CR Ocean Engineering, L.L.C. (CROE) has recently been awarded the design and supply of two Open Loop exhaust gas cleaning systems (scrubbing systems) from STENA RoRo AB. The two systems will be installed to reduce SO2 from two main engines aboard the STENA Forefunner
Ropax vessel Stena Germanica will soon be converted to a dual-fuel methanol propulsion system at Poland's Remontowa shipyard. The 240-meter-long, 1,500-passenger ferry, which will be converted over a 45-day period from 28 January, 2015
The Stena Line's ferry Stena Germanica will become the world's first ferry to use methanol as a fuel. The 240m, 1,500-passenger, 2001-built ro-pax ship will soon undergo conversions in Poland’s Remontowa shipyard. The aim of the exercise is to drastically cut exhaust emissions
A Stena Line ferry, Stena Nordica, has been taken out of service after suffering damage when a barge collided with its hull Sunday while berthed in Holyhead harbor on Anglesey, BBC reported. Crew and passengers were reportedly on the ferry at the time of the collision
The first of Stena Bulk's $400M, ten-vessel order was named in Singapore yesterday. The Stena Impression is a IMOIIMAX 50,000 DWT MR chemical tanker owned by Stena Bulk and Indonesian's Golden Agri Resources (GAR). The ten ordered vessels will be operated by Stena Weco and will trade within the
Two Ro-Ro vessels owned and operated by Stena Line, the Sweden based transport and ferry company, are to be retrofitted with Wärtsilä in-line closed-loop scrubber systems. The scrubbers will be installed on the 'Stena Transit' and 'Stena Transporter' ferries operating between
Wärtsilä exhaust scrubber systems to achieve emissions compliance for two Stena Line ferries Two Ro-Ro vessels owned and operated by Stena Line are to be retrofitted with Wärtsilä in-line closed-loop scrubber systems
The world’s first ship to run on methanol will soon sail international waters after the fire risk assessment by SP Fire Research was approved. Methanol has long been handled with traditional fire protection in cargo pump-rooms on tankers