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
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
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
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, 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
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
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
Eastern Shipbuilding Group, Inc. announced the delivery of the M/V BRAVANTE VI (Hull 156) on Friday February 28, 2014 to Boldini S.A., BRAVANTE GROUP of Brazil. The BRAVANTE V (Hull 155), the first in the series, was delivered three months earlier and is currently on charter in Brazil.
W&O, a global supplier to the marine and marine offshore markets for pipe, valves and fittings, valve automation and engineered solutions, announced the expansion of its Engineered Solutions team. John Catanzaro and Marc Lagattuta have joined W&O to provide its customers and OEM partners
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, 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
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
Covington, LA. headquartered Hornbeck Offshore Services, Inc. has announced its financial results for the fourth quarter ended December 31, 2013 with a year-on-year almost quarterly doubling of net income. Highlights of the report are as follows:
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
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 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
For training of Offshore Supply Vessel (OSV) activities within their fleet, Uniwise Offshore Thailand purchased a NAUTIS Offshore Supply Vessel Simulator and Instructor Station. The simulator was delivered and installed by VSTEP at the Uniwise Offshore training center in Songkhla.
Eastern Shipbuilding Group, Inc. announced the launching of the HOS Black Foot (Hull 206) on Friday January 17, 2014 for Hornbeck Offshore Services, LLC. The HOS Black Foot is Eastern’s second vessel in Hornbeck Offshore’s HOSMAX 310 class series
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
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
Troubled South Korea shipbuilder STX Heavy Industries Co. issued a guarantee on a loan defaulted on by its Chinese heavy machinery manufacturer, STX Dalian Heavy Industries Co., from China's Bank of Communications and has been ordered to repay the loan, reports Yonhap.
GTT technology has been chosen by STX France to equip PEGASIS, the new environmental vessel ordered by Brittany Ferries. GTT membrane technology has been selected by STX France to fit out PEGASIS (Power Efficient GAS Innovative Ship)