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Stx Osv

STX OSV Wins Contracts for Two OSCV

Siem Offshore declares contract options for STX OSV Holdings to design & construct two Offshore Subsea Construction Vessels (OSCV). The vessels will be equipped with a 250t AHC crane and with Launch and Recovery Systems (“LARS”) for Remotely Operated Underwater Vehicles (“ROV”). Deliveries are scheduled from STX OSV Brattvaag in Norway in 2Q 2014 after the delivery of the hulls from STX OSV Tulcea in Romania. STX OSV already has two OSCVs under construction for the same customer in Norway, and two Platform Supply Vessels (“PSV”) in Brazil. Siem Offshore Inc. is an owner and operator of modern support vessels for the global oil and gas service industry. Siem Offshore Inc. currently has a fleet of 37 vessels in operation and 8 vessels under construction. Its fleet includes large AHTS vessels, OSCVs, PSVs, and other support vessels.  


STX Europe Q3: OSV Keeps Good Margin

Cruise & Ferries remain challenging. Highlights: STX Europe achieved operating revenues of NOK 4 480 million in third quarter 2012, a decrease of NOK 763 million compared to corresponding period 2011 (Q3 2011: NOK 5 243 million). Profit before tax for third quarter 2012 of NOK 250 million (Q3 2011: NOK 535 million).   Third quarter shows that healthy EBITDA results continue from STX OSV, while the result of Cruise & Ferries business area is not satisfactory due to lower than


STX OSV to Go Public in Singapore

STX Offshore and Specialized Vessels  is expected to launch an initial public offering in Singapore soon, according to a report on http://english.chosun.com. According to the report, STX OSV plans to debut there on Nov. 11.   (Source: http://english.chosun.com)


Rolls-Royce Wins $69m OSV Contract

UT 731 web.jpg

Rolls-Royce won a $69m order to design and equip two advanced offshore anchor handling vessels for Norwegian ship owner Farstad Shipping. The UT 731 CD vessels are designed and equipped to handle anchors for oil rigs, tow rigs to location and also serve as supply vessels. They can operate in extreme climatic conditions and ultra deep waters, undertaking precise rig manoeuvring operations in water up to 3,000m deep. They are also equipped for sub sea construction and installation duties


Offshore Support Vessel Shipyard Flourishes

Norway-based shipbuilders, STX Holdings, outperform the FTSE Straits Times Oil & Gas Index The offshore support-vessels builder has outperformed the FTSE Straits Times Oil and Gas Index, of which it is a component, making year-to-date returns of 38.8 per cent compared with the index's 16.8 per cent, reports 'Sgmarine Industries'. First and foremost, STX is in the right place at the right time, with the conventional shipbuilding sector having taken a hammering because new ships


Fincantieri to Take Controlling Interest in STX Offshore

Fincantieri signs agreement for the acquisition from STX Europe of 50.75% of STX OSV, leading offshore vessel constructors. With 21 shipyards in 3 different continents, nearly 20,000 employees and revenues of Euro 4 billion, the Fincantieri Group is doubling its size. Fincantieri now becomes one of the top five shipbuilders worldwide and the leading Western producer, also in terms of diversification and presence in the high value added segments


Island Offshore Chooses Rolls-Royce Propulsion Systems

UT776 CD_web.jpg

Rolls-Royce recently won a £20 million (over $32.5 million) order to design and supply power and propulsion systems for two UT 776 CD supply vessels for Island Offshore. Island Offshore were the first to introduce the UT 776 CD ship, which is designed to transport supplies to and from offshore oil and gas platforms. These vessels are the ninth and tenth ordered by the operator to date. In addition to the ship design


Rolls-Royce Secures Two OSV Design Contracts

RR_DEsign web.jpg

Rolls-Royce, a global power systems company, today announced that it has won a £15 million order to provide design, integrated power and propulsion systems and equipment for two offshore service vessels for ship owner Island Offshore. The contract includes options of four additional vessels.   Per Kristian Furø, Rolls-Royce General Sales Manager – Offshore said: “We have worked very closely with Island Offshore over the last decade to develop a wide range of


Advanced Anchor-handling Vessel to Fit RR Deck Machinery

Rolls Royce wins a contract to supply safety critical deck equipment for Iceman AS operated new offshore anchor-handling vessel Rolls-Royce, has been awarded a £15 million contract by STX OSV to supply an extensive deck equipment package for an advanced anchor handling vessel to be operated by Iceman AS. The package, which is designed to improve operational safety, will include a new anchor handling frame (AHF) and a hydraulic anchor winch, which is capable of pulling 500 tonnes


Fincantieri 2012 Profits Up on Previous Year

Shipbuilders, Fincantieri, publish its 2012 financial results; announce resignation of Chairman Corrado Antonini. Highlights: ·         Profit for the year in excess of euro 15 million (euro 9 million in 2011); ·         EBITDA at euro 137 million (euro 138 million in 2011) with a margin of 5.7%; ·         Revenues at euro 2,385 million (euro 2


Gulf of Mexico Sees First LNG-powered OSV

Harvey Energy

A special Offshore Supply Vessel (OSV) has been delivered to Shell for its deepwater operations in the Gulf of Mexico.   The vessel, Harvey Energy, is chartered from Harvey Gulf International Marine and is the first of its kind in the region to run on both liquefied natural gas (LNG) and


CMR Opens New Korea Office

Brian Kim (Photo: CMR)

Aiming to boost its operations in the Asia-Pacific territory, control instrumentation and electrical engineering specialist CMR Group has invested in a new Korea office.   CMR Group Korea has opened in Busan under managing director Brian Kim who will be leading the company’s operation


Navig8, Ocean Yield in Chemical Tanker Deal

Image: Ocean Yield

 Norway’s Ocean Yield has bought eight chemical tanker newbuildings for $306.8m from Navig8 Chemical Tankers Inc, which will lease the vessels back on 15-year   "hell and high" bareboat charters.   Navig8 Chemical Tankers has options to buy the vessels during the


Meyer Werft Buys Finland out of Turku Shipyard

Photo: Meyer Turku

Germany's family-owned Meyer Werft shipyard is buying the Finnish state out of Turku shipyard in southwestern Finland, the government said on Wednesday. Meyer Werft and the government last year bought the troubled shipyard from Korean trade and ship corporation STX


Report: Growth Anticipated in the OSV Market

Photo: Bourbon

New report covers market trends to 2019 for global offshore support vessel (anchor handling, towing and supply vessel, platform supply vessel, multipurpose service vessel, crew vessels, standby and rescue vessels, others)   The global offshore support vessel market is expected to grow owing


Otto Marine Sells AHTS for $100 mi

Otto Marine Enters Sells an AHTS Vessels

  Otto Marine Limited sold an Anchor Handling Tug Supply Vessel to a renowned unrelated third party for US$100 million. DNV classed and Norwegian-designed, the VS491 21,000 bhp AHTS is a hybrid propulsion diesel electric driven vessel with dynamic positioning 2 (DP2) technology


Arctech Helsinki Shipyard to Russian Ownership

Photo: Arctech Helsinki Shipyard

Arctech Helsinki Shipyard is now 100 percent Russian-owned as United Shipbuilding Corporation bought the remaining half of the company’s shares from STX Finland Oy.   Arctech Helsinki Shipyard Inc. was founded in December 2010 as United Shipbuilding Corporation bought the first 50


Great Ships of 2014: Harvey Energy

 LNG pioneer ABS “ENVIRO+  Green Passport”

In 2011 Harvey Gulf International Marine became the first U.S. vessel operator to contract for construction of vessels by LNG. The first of these vessels to be delivered is the Harvey Energy. In addition to being able to operate on cleaner burning natural gas


MacGregor Bags Contract from STX

Photo by MacGregor

  MacGregor, part of Cargotec, has received a contract from STX France SA to deliver cargo and passenger access equipment for two cruise ships. The order was booked into fourth quarter 2014 order intake.   MacGregor's 'turnkey' delivery includes the design, production, delivery


MacGregor Access Equipment for 2 Cruise Ships

STX France SA has awarded a contract to MacGregor for the delivery of cargo and passenger access equipment for two cruise ships.   MacGregor said its turnkey delivery includes the design, production, delivery, installation and commissioning of tailor-made systems that include MacGregor doors


First LNG Bunkering of OSV in North America

M/V Harvey Energy Image courtesy of Harvey Gulf International Marine)

Harvey Gulf International Marine, LLC reported that its dual fuel offshore support vessel (OSV) M/V Harvey Energy has today bunkered LNG as a marine fuel. The news makes Harvey Gulf the first North American owner/operator of a dual fuel OSV to bunker LNG as a marine fuel


Hafnia Tankers Eyes USD 34 Mln to Finance Fleet Additions

Courtesy Hafnia Tankers

Hafnia Tankers Ltd have entered into an agreement to acquire 4 LR1 product tankers. This acquisition confirms the commitment of Hafnia Tankers and its stakeholders to further expand the business within the product tanker segment. The vessels are:


Ulstein Delivers PSV Blue Queen

Blue Queen (Photo: Ulstein)

Platform supply vessel (PSV) Blue Queen, of Ulstein’s PX121 design, was delivered to Blue Ship Invest from Ulstein Verft on February 24, 2015. This vessel is the first of two for which Norway-based Golden Energy offshore is awarded the ship management contract.


BSEE Issues Alert on DP System Failure

Dynamic positioning system failures on offshore supply vessels engage in oil and gas operations in the U.S. Outer Continental Shelf   The U.S. Bureau of Safety and Environmental Enforcement (BSEE) has issued a Joint Safety Alert addressing a dynamic positioning (DP) incident involving an


Royal Caribbean to Sell Splendour of the Seas

Photo courtesy of RCL

Royal Caribbean Cruises Ltd. announced that it has entered into an agreement to sell its cruise ship Splendour of the Seas to TUI Cruises in the second quarter of 2016. The ship will then be leased to Thomson Cruises, which will operate the vessel.






 
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