Torch Offshore, Inc. announced that its subsidiary, Torch Express L.L.C., has entered into a contract with Davie Maritime Inc. of Quebec, Canada for the conversion of the Midnight Express at a cost of approximately $37.0 million. The total cost of the entire conversion project, including anticipated financial costs, will be between $80.0 million and $90.0 million. The 520-foot LASH (heavy transport) vessel will be converted into a DP-2 offshore construction vessel with the capability to work in varying water depths throughout the world. The Midnight Express has been at the Davie Maritime shipyard since April 2002 where the functional design was being performed. Some of the conversion work will begin immediately; however, the complete contract will not become effective until various conditions are satisfied, including arrangements for the required debt financing for the project. Torch Offshore, Inc. Chairman and CEO, Lyle G. Stockstill, commented, "We have worked very closely with the management of Davie Maritime and their technical staff for several months and we are pleased with their professionalism and the way in which they have tackled the project. We are confident that the personnel of Davie Maritime will do a good job with the conversion of the Midnight Express. The current schedule should put the Midnight Express in the water and ready for work in the fourth quarter of 2003
Torch Offshore LLC is a Gretna, La-based integrated offshore contractor whose niche market is the installation of small diameter flow lines and related infrastructure on the Continental Shelf in the Gulf of Mexico (GOM). In 2002, the company had revenues of $68 million, laying 227 miles of pipe. Torch Offshore operates a fleet of nine vessels that lay the pipe and/or support this activity. The company is in the process of converting two large vessels that will give the company the ability
By Larry Pearson It seems to be a soap opera without an end. "It is crazy…makes no sense at all," is a common observation. If you are in the oil and gas business, the number one question is, "When is the drilling going to pickup?" It is a question without an answer…at least through the first quarter of 2004. "Normally when prices are low and oil rises about $25 a barrel and gas goes above $2.50 per million cubic foot, everybody goes back to work," noted Roy Breaux, Jr
Bisso Marine announced the addition of Andy Wojtaszczyk. Wojtaszczyk joins the company as Subsea Services project manager, managing saturation diving and ROV operations. Prior to joining Bisso Marine, Wojtaszczyk served as ROV superintendent in Equatorial Guinea for Bienvenue Consulting Services/Hess Corporation and ROV project manager for Offshore Innovative Solutions, Inc. Before that, he was SAT superintendent aboard the DPII DSV Midnight Hunter for Torch Offshore, Inc.
On Wednesday July 4, Paul Rowlands, Marketing Executive for Fendercare Marine was given the honor of being an official Olympic Torchbearer and carrying the flame through Fakenham, Norfolk. Paul was nominated to carry the torch in recognition of his fundraising efforts, following the death of his daughter, Alice at just 15 days old in 2007. Alice was born six weeks early and with a rare liver condition, neonatal hemochromatosis
ESAB Cutting Systems introduces Crossbow, a compact oxy-fuel/plasma CNC cutting system that is portable and economical. According to ESAB , the machine’s size and weight make it easy to transport as the application requires. Automated functions and a user friendly CNC provide powerful, versatile, oxy-fuel or plasma processing in a value-minded package. Crossbow is suited for trade schools, small fabrication shops, maintenance and repair shops
An explosion on a decommissioned nuclear submarine being cut up for scrap metal at a northern Russian shipyard killed at least one person and seriously injured another, an emergency official said Monday. According to the Associated Press, the blast at the Zvyozdochka plant on the White Sea took place at 8:32 a.m. aboard a submarine that had already been stripped of its nuclear fuel and reactors, said Igor Grigoriyev, a spokesman for the Emergency Situations Ministry in the Arkhangelsk
Today in U.S. Naval History - November 8 1861 – Capt. Charles Wilkes seizes two Confederate diplomats from the British steamer Trent, causing an international controversy with Great Britain (known as the Trent Affair). 1942 - Operation Torch (Allied landings in French Northwest Africa). American forces land at Casablanca. French naval forces attack U.S. Navy ships and 13 French ships are sunk without a loss to the U.S.
The first piece of steel was cut at MEYER WERFT in Papenburg, Germany for the construction of the first ship with the construction number S. 711 for Asian operator Star Cruises. Tan Sri Lim, Chairman of Star Cruises, pushed the button of the plasma torch as the first plate of steel was cut by the plasma torch in the yard’s state of the art facility “laser center”. Delivery of the ship is planned for fall 2016. The sister ship will be delivered in fall 2017
Nordic liquefied natural gas operator Skangass has celebrated a topping out ceremony at its Pori LNG terminal. The company said it was making progress in the construction of the storage tank for Finland's first LNG import terminal at the southern port of Pori. “Excellent progress has been made in the work, and the weather has also been on our side” Project Manager Stanislav Lysak from Gasum commented in a note
Drydocks World marked a milestone in completing the world’s largest turret mooring system. At almost 100 meters high, weighing over 11,000 tons and with a diameter of 26 meters, the turret is designed to ensure the Prelude floating liquefied natural gas (FLNG) facility can operate safely in
Indian Register of Shipping (IRClass), a leading Classification Society, today announced it has opened offices in Abu Dhabi. Abu Dhabi is the second office location for IRClass in the Middle East, following Dubai, and reflects the society’s strong commitment to the region
Singapore's Keppel Offshore & Marine (KOM), via subsidiary, Keppel Offshore & Marine USA has inked a deal with Cameron International Corporation, a US-based oil and gas solutions provider, to acquire its offshore rigs business for US$100mln.
Damen Shipyards Group has delivered a Damen Fast Crew Supplier (FCS) 2610 workboat, named AOS SWIFT for the Atlantic Maritime Group on 20 August 2015. This is the first Damen Twin Axe vessel to be used in the Middle East for safe passenger and crew transfer as well as for the transport of
Angolan state oil company Sonangol said it would buy oil and gas producer Cobalt International Energy Inc's 40 percent stake in two oil blocks offshore Angola for $1.75 billion. Cobalt operates three blocks covering 3.4 million acres off the Angolan coast.
A $12 million Title XI loan guarantee supporting the recent construction of three oceangoing deck barges was recently approved by the U.S. Maritime Administration (MARAD). The three barges, Julius, Cordie and Gwendolyn, were built by Conrad Industries for barge leasing company Gray
The Company: Since its founding in 1862, the American Bureau of Shipping (ABS), a New York registered not-for-profit corporation, has been committed to setting standards for safety and excellence as one of the world’s leading classification societies
Ferguson Group, a supplier of offshore DNV 2.7-1 / EN12079 certified containers, mud skips, tanks, refrigeration/freezer modules, accommodation and workspace modules also certified to DNV 2.7-2, has introduced bunded tanks to its offshore fleet.
In 2012, U.S. ocean and Great Lakes economy grew much faster than overall GDP The U.S. ocean economy outpaced the domestic economy between 2011 and 2012, with an increase of $22 billion in gross domestic product, from $321 billion to $343 billion
Damen Shipyards Group operates 32 shipbuilding and repair yards, employing 9,000 people worldwide. This ubiquitous name in global shipbuilding has delivered more than 5,000 vessels in more than 100 countries and delivers some 160 vessels annually.
On August25, shipbuilder Ulstein Verft launched from its dock hall a special offshore construction vessel, Yno 302, for Island Offshore and Edison Chouest Offshore. The newbuild measures close to 160 meters in length with at beam of 30 meters
To mark the 10th anniversary of Hurricane Katrina, specialist insurer Allianz Global Corporate & Specialty (AGCS) has released a report analyzing windstorm risks and losses and how to mitigate future losses, given increasing weather volatility.
The Company: Baker Marine Solutions (BMS) is an industry leader providing marine assurance and consulting services, performing DP assurance, OCIMF- OVID inspections, IMCA CMID inspections, and marine warranty surveys as well as on board marine representation
Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted a 56 percent decline in profit for the first half of this year. Net income dropped to 14.73 billion yuan ($2.3 billion), or 0.33 yuan a share, from 33.59 billion yuan, or 0
VIKING Life-Saving Equipment A/S has acquired a part of Australia-based Wiltrading Pty Ltd.’s maritime safety equipment activities effective 1 September. The move strengthens VIKING’s offering in Australasia, adding 4 locations to the company’s global network of