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.
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 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 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
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 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
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 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
March 2013 saw Rolls Royce collect the Green Ship Technology Award at the Green Ship Technology Conference in Hamburg for its Environship concept, which has lean burn Bergen Engines gas power units at it core. The Environship combines a range of Rolls Royce technologies (Bergen Engines is a subsidiary business) in a cargo ship model that, set against comparable vessels using diesel power engines, offers CO2 reductions of up to 40% (alongside 92% reductions in NOx and 100% less SOx emissions)
The Annual Meeting of ASSONAVE, the association of Italian shipbuilders, ship-repairers and producers of marine components and systems took place in Rome recently, chaired by its President, Vincenzo Petrone. Main points as follows: The Association explains that this was the first meeting to take place after it expanded its membership to include major companies such as Elettronica, Oto Melara, RINA Services, Selex ES and WASS – all operating in high- technology sectors – and
Navig8 Product Tankers Inc today took delivery of one LR2 115k-dwt product tanker m.t. "NAVIG8 STABILITY" from Sungdong Shipbuilding & Marine Engineering Co, Ltd. The Company has also today taken delivery of one LR1 74k-dwt product tanker m.t
Navig8 Product Tankers Inc., an international shipping company focused on the transportation of petroleum products, has taken delivery of one LR1 74,000 DWT product tanker, the Navig8 Expedite, from STX Offshore & Shipbuilding Co, Ltd.
Cruise ship company MSC Cruises confirmed orders for four ships in a 3-billion-euro ($3.26 billion) deal that will secure thousands of jobs at the STX shipyard in St-Nazaire in the west of France. "These are the biggest cruise ships yet built by a European operator - each using
MSC Cruises, the 4th largest cruise line, confirmed the existing STX France options to build an additional two ships in the Meraviglia class. The ships, valued by MSC at $1.7 billion, will be longer and bigger versions of the Meraviglia-class ship
South Korean poultry processor Harim Corp. is set to wrap up its purchase of troubled dry bulk carrier Pan Ocean Co. after creditors and shareholders approved a rescue plan for the country's biggest bulk carrier. Harim, partnering with JKL Partners
Zamakona Yards Group’s Repnaval completes work on its slipway capacity expansion The shipyard in Las Palmas de Gran Canaria, Repnaval. SA, belonging to the group Zamakona Yards in the Canary Islands, is operating a new slipway.
According to a research note released today from UOB Kay Hian, Singapore offshore vessel operator Pacific Radiance achieved an ominous vessel utilization of 0% for its diving support vessel fleet in the second quarter of 2015.
Italian manufacturer Sormec supplies specialist cranes to Nigerian OSV Global offshore crane manufacturer Sormec has supplied matching cranes for a Dutch-built vessel operating in one of Nigeria's largest deepwater oil fields.
Go Offshore, wholly-owned subsidiary of Otto Marine has entered into an agreement for two long-term anchor handling tug supply (AHTS) charter contracts worth USD25.2 million with a large oil and gas company. The two contracts are in respect of two 16
Ballast water treatment (BWT) supplier OceanSaver said it has been contracted to deliver BWTsystems for two VLCCs to a European owner, currently being constructed by STX Offshore & Shipbuilding in South Korea. The contract’s value is undisclosed.
Some 50 percent of crews working on offshore support vessels are willing to compromise safety rather than say “no” to clients or senior management, while nearly 80 percent believe commercial pressures could influence the safety of their working practices
Navig8 Chemical Tankers has announced that it has entered into contracts to purchase four 49,000 dwt IMO2 eco-design, Interline-coated chemical tankers to be built at STX Offshore & Shipbuilding Co., Ltd. in Korea ("STX").
Aaron Smith has been appointed as the new President and Chief Executive Officer of the Offshore Marine Services Association, Inc. (OMSA), the national trade association representing the U.S.-flag offshore workboat industry. Smith’s appointment follows the resignation of Ben Billings
The South Korean shipyard STX Offshore & Shipbuilding is apparently close to a bankruptcy if not yard soon find new vendors who are willing to pump huge sums into the yard. Otherwise, there is the prospect of a collapse in the first half of the 2016th.
Creditors of financially troubled STX Offshore & Shipbuilding are opposing financial aid for the shipyard citing the gloomy outlook of the shipbuilding industry, Korea’s Yonhap News has reported. Creditors of STX Offshore, led by the state-run Korea Development Bank (KDB)