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Stx Norway

STX Europe to Build Three Icebreakers

STX Europe has, through its wholly owned subsidiary STX Norway Offshore AS, signed contracts to build three icebreaker tugs for JSC Circle Marine Invest. The subsidiary company, Caspian Offshore Construction in Kazakhstan will operate the vessels in the Kashagan field of the northern Caspian Sea. The vessels will be delivered in 2010 and 2011, and the total value of the three contracts amounts to approximately $111.5m. The vessels are designed by the STX Europe subsidiary Aker Arctic, and have a length of 213 ft and a beam of 53.8 ft. The vessels will have the Ice class notification 1A* Super, according to the Finnish-Swedish Ice classification rules. Further, the vessels will be equipped and designed for other operations like fire fighting, rescue operation and towing in shallow waters.   (www.stxeurope.com)


STX Norway Offshore to Build Icebreaker Tugs

STX Norway Offshore has signed contracts for the building of two icebreaker tugs to JSC Circle Marine Invest. The vessels will be delivered in 2011, and the total value of the two contracts amounts to approximately $71.4m. JSC Circle Marine Invest will through its subsidiary Caspian Offshore Construction in Kazakhstan operate the vessels in the Kashagan field of the northern Caspian Sea. The vessels are designed by the STX Europe subsidiary Aker Arctic, and have a length of 213


STX Europe Contract for Eco-Friendly Design

Photo courtesy STX Europe

STX Europe has been awarded a contract with Deep Sea Supply for design and building of a Platform Supply Vessel. The new PSV 09 CD design, optimized for eco-drive in all weather conditions, is designed by STX Europe in Ålesund, Norway. The vessel is scheduled for delivery in Q1 2012, and will be built at STX Europe in Brazil. The contract is signed with Deep Sea Supply Navegação Maritima Ltda. in Brazil, a subsidiary of Deep Sea Supply in Arendal, Norway.  


Steam Beats Hot Water to Keep Heavy Oil Viscous

Tests by Parat Halvorsen on oil spill response equipment (OSR) for offshore supply vessels reveal significant deficiencies with systems using hot water coils. Norway's Parat Halvorsen undertook a series of trials after a number of lower cost hot water coil alternatives came on the market the market. Kim Kristensen, Marine and Offshore, Parat Halvorsen says: “We have shown empirically that steam injection is the one viable solution proven to keep heavy oil viscous enough for easy


Tidewater Takes Over STX Pan Ocean PSV Newbuild Contracts

STX OSV Holdings Limited say Tidewater Inc. has acquired contracts for 3 Platform Supply Vessels (PSVs) under construction at STX OSV in Norway. STX OSV had originally secured the contracts for the design and construction of three vessels for STX Pan Ocean Co. Ltd. in 2010, and Tidewater has now entered into an assignment agreement with STX Pan Ocean to take over these contracts. The first vessel in the series will be delivered to Tidewater during 1Q 2013


STX OSV Contracts for Two PSVs

stx-osv.PNG

STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, is pleased to announce that it has secured new contracts for the design and construction of two Platform Supply Vessels (PSV) for Farstad Shipping. The total value of the contracts amounts close to NOK 600 million. The vessels will be of STX OSV’s own PSV 08 design. Deliveries are scheduled from STX OSV Langsten in Norway and STX OSV Vung Tau in


STX Europe to Build LNG Powered PSV for Solstad

Photo courtesy STX Europe

STX Europe has been awarded a contract with Solstad Rederi AS to build an innovative LNG-powered Platform Supply Vessel (PSV). The vessel is of STX Europe PSV 12 LNG design. The vessel is scheduled for delivery in Q4 2011. The value of the contract is approximately $67.5m. Roy Reite, President of STX Europe's Offshore & Specialized Vessels business area, said: "Today's order confirms our strong position in design and building of environmentally friendly vessels


Aker Yards Now STX Europe

Aker Yards, builder of cruise and offshore vessels, changed its name to STX Europe. The name change reflects the entry of the South Korean-based STX Business Group as principal shareholder in the company during summer 2008. Effective Nov. 3, the international shipbuilding group Aker Yards, with head office in Oslo, Norway, and all its subsidiaries, will share the common brand STX Europe.STX Europe specializes in designing and building advanced cruise ships and purpose-built vessels for


STX Europe New Contracts, Island Offshore

Island Commander (Photo courtesy STX Europe)

STX Europe has entered into new contracts with Island Offshore for the building of two Platform Supply Vessels. The vessels will be built at STX Europe in Brevik, and are based on the same design as Island Commander and Island Chieftain delivered from STX Europe earlier this year. The vessels are scheduled for delivery in Q4 2011 and Q1 2012. The total value of the contracts amounts to approximately $137.5m. The vessels are of Rolls-Royce UT 776 CD design


STX Europe Refinances Credit Facility

STX Europe has refinanced its revolving credit facility. The new facility is a 3 year financing of $86.8m, provided by Nordea. Woori Bank of Korea, is participating with 50 percent. "For a capital intensive industry like ours, where we continuously take on and complete new shipbuilding projects, the ability to constantly renew our financial platform is important. I am pleased to see that we have been able to work with and secure this significant credit facility in October


DNV GL Oil & Gas to Expand in Norway

Marianne Hauso

Relocates Norwegian oil and gas HQ to Stavanger, led by Marianne Hauso; to increase staff in Western Norway by 10% in 2014 DNV GL is relocating its oil and gas head office in Norway from Høvik to Stavanger in order to be even closer to its customers, the company said


Norwegian Seminar to Focus on Financing, Procurement

The challenges of managing efficient procurement  processes and getting the right funding in the shipping and offshore sectors is the topic for a major half day conference in Singapore later this month. Coinciding with the Asia Pacific Maritime (APM) event on March 20


Diesel-Electric Propulsion for Offshore

Photo courtesy of Eastern Shipbuilding

Images of the Bravante courtesy of Eastern Shipbuilding, the genet on truck is courtesy of Cummins Mid-South Long reserved for specialized applications such as icebreakers, diesel electric has enjoyed a rapid growth for marine propulsion in the past decade


Solstad Sign Intents in Large Subsea Construction Vessel Deal

Rendering of subsea construction vessel courtesy of Solstad

Norway headquartered Solstad Offshore ASA (SOFF) inform it has signed a Letter of Intent (LOI) with a major international offshore contracting company to construct & operate a large subsea construction vessel. The intention is that the client will charter the vessel from Solstad for a period


Statoil Raises Gas Outage Expectation

Reuters - Norway's Statoil said its gas output will be down even more on Tuesday than it earlier expected because of "field availability reduction due to system curtailment", it said on Tuesday. Its output will be down by an additional 36 million cubic meters (mcm) on Tuesday on top


STX Offshore Wins $388M Order for 8 Tankers

Reuters - South Korea's STX Offshore & Shipbuilding Co Ltd said on Monday it won a 413.8-billion won ($387.63 million) order to build eight tankers from from Navig8 Product Tankers Inc. The South Korean shipbuilder said in a statement the contract includes an option for four more tankers


Sovcomflot Takes Delivery of Dual-Fuel Power

Sovcomflot’s Velikiy Novgorod LNG carrier

Sovcomflot, Russia’s largest shipping company, has taken delivery of its latest LNG carrier, the Velikiy Novgorod, from South Korea’s STX Offshore & Shipbuilding. The ship is equipped with a diesel-electric, dual-fuel propulsion system consisting of 2 × MAN 8L51/60DF and 2


Norway to Relaunch Carbon Capture Plan

By Melissa Massey and Ben Garside, Reuters Norway's government will this spring launch a strategy to develop technology for capturing and burying heat-trapping emissions from polluting industries, aiming to make good on a pledge to build a full-size plant by 2020.


TUI Cruise Ship Keel Laid at STX Finland

Photo: STX Europe

On 25 February 2014, approximately nine months after the keel laying of TUI Cruises’ first newbuilding Mein Schiff 3, TUI Cruises and STX Finland celebrated the keel laying of Mein Schiff 4 in the Turku shipyard. Following the old shipbuilding tradition


STX Offshore & Shipbuilding to Get Increased Bale-Out

Shipyard photo credit STX

Creditors have decided to provide additional liquidity to the shipbuilding unit of ailing STX Group in a move to help it overcome a cash crunch, reports Yonhap News Agency.  Citing officials at the main creditors, Korea Development Bank


Norway Buys ShipArrestor System

ShipArrestor trial with drifting LNG tanker

The Norwegian Coastal Administration (Kystverket) has signed a contract with Miko Marine AS to become the first national agency to purchase the ShipArrestor system. The two packages ordered are due for delivery this summer and feature sea anchors that can be deployed on ships by helicopter


ALMACO Wins Several Provision Stores Contracts

Photo: ALMACO

ALMACO has been awarded several Provision Stores contracts, including 2,000 square meters for Royal Caribbean International’s Quantum of the Seas to be delivered at Meyer Werft in 2015, and Anthem of the Seas expected in 2016. Also, ALMACO will be delivering 2


Eastern Shipbuilding Deliver 'HOS Riverbend'

HOS Riverbend: Photo courtesy of ESG

Eastern Shipbuilding Group, Inc. says it has delivered the M/V HOS RIVERBEND (Hull 204), their fourth and final vessel in the HOSMAX 300 series, to Hornbeck Offshore Services, LLC, ahead of schedule. Each vessel is Diesel-Electric powered, twin Z-drive propelled OSV’s


CSS Olympia Delivered

CSS Olympia

STX Marine (STXM) announced that Gran Energia took delivery of the Compact Semi-Submersible (CSS) Olympia from MAC Offshore. STXM and partners in CSS Designs Ltd. developed the CSS design over the past five years, and said this delivery, will change the long term landscape of the Offshore


Brazil's GranEnergia Receive Unusual DP-3 Accommodation Vessel

CSS Olympia: Image courtesy of STXM

STX Marine (STXM), which split off from the STX Corporation in 2011, say they partnered with CSS Designs Ltd. for 5 years to develop the ground breaking Compact Semi-Submersible (CSS) design of the 'Olympia' which they believe will change the long term landscape of the offshore vessel market


 
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