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System Contract

Aker Kvaerner Wins Contracts from Daewoo

Norwegian engineering, construction and technology group Aker Kvaerner ASA has secured two drilling riser systems contracts from Daewoo Shipbuilding & Marine Engineering. The contracts, worth $75m, cover complete deepwater marine drilling riser system with buoyancy package and associated equipment. The systems will be used for two drilling units under construction by Daewoo Shipbuilding & Marine Engineering. The drilling riser systems will be manufactured by Aker Kvaerner Subsea in Malaysia and delivered in 2010.


Aker Kvaerner Awarded Mooring Systems Contracts

Aker Kvaerner has recently been awarded contracts for the delivery of advanced mooring systems with a total contract value of $29.5m. The contracts comprise deliveries both to the offshore and marine industry. The work is undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Pusnes in Arendal. The awards include delivery to the two advanced Aker Drilling H6e semi-submersible rigs to be built at Aker Kvaerner Stord and to five deepwater semi-submersible rigs to be built at Jurong's


SAIC Wins Navy Deal

Science Applications International Corp. is being awarded a $10,438,103 indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee contract for research and development, test and evaluation in environmental technology and engineering, marine science, chemistry, biological science, information technology and management, advanced sensor development, environmental platform systems, decision support systems and ocean/harbor/coastal surveillance in support of the Advanced Systems and Applied


CAE's Marine Division Signs $19M in Deals

CAE signed new contracts to provide integrated bridge systems (IBSs) for the United Arab Emirates' Baynunah-class corvettes, and a land-based test facility for the German navy's F-124-class frigates. CAE also signed a contract amendment for the Indian navy's landing ship program and finalized the contract for the German navy's K130 corvette program. In total, the new agreements and contract amendment are worth about C$19 million


Aker Solutions Offshore Loading Systems Contracts, Brazil

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Aker Solutions has won two similar contracts, together worth approx. 120 million NOK, from CQG Oil & Gas Contractors Inc. and CCI Oil & Gas Contractors Inc., for the supply of Pusnes offloading systems(TM) to two FPSOs in the Brazilian market. The offloading systems will be installed on the two FPSOs P-58 and P-62, which are being converted and built for Petrobras. The two FPSOs are spread moored FPSOs, and will use the field proven Pusnes offloading system(TM) at both bow and


FMC Awarded Andarko Subsea Contract

FMC Technologies Awarded Subsea Systems Contract from Anadarko Petroleum Corporation. FMC Technologies, Inc. announced that it has signed an agreement with Anadarko Petroleum Corporation (NYSE: APC) to provide subsea systems and life-of-field services for its Lucius project. The Lucius field is located approximately 275 miles southeast of Galveston in Keathley Canyon Block 875, in water depths of approximately 7,100 feet (2,160 meters)


SAIC Wins Navy Contract

Science Applications International Corporation (SAIC), San Diego, Calif., is being awarded a $5,177,718 indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee contract for systems integration engineering to plan for, implement, and gain acceptance of C4I components and networks integrated into Navy, Joint, and national C4I systems. This contract is one of four contracts awarded: all four awardees will compete for task orders during the ordering


SERCO Awarded $29.5m Navy Contract

SERCO, Inc., Vienna, Va., is being awarded a $29,513,345 indefinite-delivery/indefinite-quantity, cost-plus-incentive-fee performance-based contract to provide Sea Enterprise C4ISR support services for installation, material acquisition, system/equipment modification, test and checkout, systems training and documentation preparation for west coast taskings related to all surface ships and, additionally, all shore work except shore work performed in Hawaii


Griffon's Telephonics Unit Awarded Two Contracts

According to an AP report, Griffon Corp. said the company's electronic information and communication systems unit won a $42m spare parts contract from Lockheed Martin and an $11.2m award from SRCTec Inc. Lockheed Martin Systems Integration awarded the spares contract, which is valued at more than $42m, to the radar systems division of Griffon's Telephonics Corp. The new contract includes the delivery of spare components for a multimode radar system to support the U.S


GD Units Awarded $18 Million in Defense Contracts

General Dynamics announced that two of its units - General Dynamics Robotic Systems and General Dynamics C4 Systems - have been awarded Defense Department contracts worth more than $18 million. On March 25, General Dynamics Robotic Systems (Westminster, Md.) was awarded a $6.1 million modification to an existing contract for the production of 33 M56 smoke generator systems and five gas turbine engines. Work will be performed in Westminster (M56 Systems) and Phoenix, Ariz.


Enterprise to Expand Houston Ethane Export Terminal

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Enterprise Products Partners LP said it was looking at expanding the ethane export facility it is building on the Houston Ship Channel after winning another transport contract. With the additional contract to provide ethane storage, transportation, refrigeration and loading services


Former MSC Manager Sentenced on Bribes Charges

Photo: MSC

Former Afloat Programs Manager at the United States Navy Military Sealift Command (MSC), Kenny E. Toy, was sentenced to 96 months in prison for receiving bribes, the U.S. Department of Justice said. Toy was sentenced by United States Chief Judge Rebecca Beach Smith of the Eastern District of


Rolls Royce Marine Awarded LCS Engine Repair Contract

USS Freedom, San Diego: Photo USN

U.S. Department of Defense informs that Rolls Royce Marine North America, Walpole, Massachusetts, is being awarded a US$9,000,000 firm-fixed-price repair order (N00104-09-G-A755) for the repair of one Marine Trent 30 marine gas turbine engine for the Littoral Combat Ship (LCS) Freedom variant.


Korea Shipbuilder Wins US$400-M Greek Order

Contract: File image

Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management, a unit of Greece’s largest shipper Angelicoussis Group, according to Yonhap News.


Farstad Offshore Vessel Squadron Chartered Out

Farstad OSVs: Image courtesy of Farstad ASA

Farstad Shipping ASA reports the following charter contracts, with a total value (including options) of approximately NOK 1.75-billion, as follows: Inpex has awarded contracts to AHTS Far Sword (2006, UT 712 L, 14.700 BHP) and AHTS Far Stream (2006, UT 712 L, 14.700 BHP)


PMA & ILWU Talks Recessed until Aug. 4

  The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) today issued the following statement:   After several days of productive contract talks, both parties concluded negotiations on Friday afternoon.  


Three Share in Navy US$96.8-M Twin-Ship Modernization Contract

USS Blue Ridge: Photo USN

The U.S. Department of Defense informs that AMSEC LLC; CDI Marine Co. LLC; and Q.E.D. Systems Inc., (all located in Virginia Beach, Virginia) are each being awarded a cost-plus-fixed-fee/cost-only, indefinite-delivery/indefinite-quantity, multiple award contract for the procurement of material


Floating Production: $1.2b Speculative FLNG Ordered

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The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.2 billion contract – as well as several regasification vessel contracts


VSTEP Wins Mexican Navy Simulator Contract

Image: VSTEP

The Mexican Navy selected VSTEP to supply a Class A NAUTIS Full Mission Bridge (FMB) Simulator and 24 NAUTIS desktop trainer stations for the Naval Academy in Veracruz. The simulators will be installed at the new simulator training wing of the Heroica Escuela Naval Militar set to open in Q4 2014


News Flash! Greek Shipowners Prefer Bulkers

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The buying interest from Greek ship owners is focused on bulkers to an increasing extent, BIMCO said. Data from VesselsValue.com reveal that Greek owners were at the buying end of 43% of all bulker sales completed so far in 2014. As of June 2014, the number of Greek bulker purchases so far is 91


General Dynamics gets $25 mi GPS Contract from Lockheed Martin

  General Dynamics Advanced Information Systems, a business unit of General Dynamics, was awarded a $25.4 million full-production contract from Lockheed Martin to support the U.S. Air Force Global Positioning System (GPS) III Network Communications Element (NCE) for space vehicles seven and


Top Ships Enters 3 New Charters

TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" MR tanker vessels focusing on the transportation of petroleum products, announced today that it has terminated the charter parties of M/T EShips Taweelah


BAE Systems Awarded Two Navy Contract Modifications

USS Gettysburg in Suez Canal: Photo USN

The US Department of Defense informs it has awarded separate contracts to BAE Systems in Jacksonville and in Norfolk for ship repairs and modifications as follows: 1. BAE Systems Southeast Shipyards Mayport, Jacksonville, Florida, is being awarded an $54,698


Hornbeck Offshore Ride High on Q2 2014 Results

Offshore scenes: Image courtesy of Hornbeck

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts from the Company's future outlook: 2Q2014 Upstream revenue and EBITDA set new quarterly highs on the strength of fleet


ISC Profit Slip in Q2 2014 but Pay Dividend

Jones Act bulk carrier: Image courtesy of ISC

International Shipholding Corporation (ISC) has announced financial results for the quarter ended June 30, 2014, summarized here: Net Loss he Company reported a net loss of $664,000 for the three months ended June 30, 2014. For the comparable three months ended June 30, 2013






 
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