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Two Large

STX Finland Wins N. Sea Contract

STX Finland Oy has signed a contract for the construction of  two large offshore modules for the North Sea. The modules will be delivered  from STX Finland´s Turku Shipyard at the end of year 2012. The project will bring some 250 man-years of labour to Turku Shipyard.    The construction of these two large modules with overall dimensions of approximately 63m x 52m x 47m and 40m x 45m x 13m will start during spring 2012. The total weight of these two modules will be more than 5000 tons. This demanding project will include the steel fabrication, surface protection and hot outfitting of the modules. When completed the modules will be transported by barge to Norway, for final assembly, outfitting and commissioning.


Samsung Lands $330 Million in Orders

South Korea's Samsung Heavy Industries Co. said on Saturday it won $330 million in orders to build a liquefied natural gas (LNG) carrier for BP Amoco Plc and two large container vessels for Hong Kong's Orient Overseas Container Line Ltd (OOCL) - scheduled for delivery in early 2004. BP Amoco would pay Samsung Heavy $170 million for a 138,000-cu. m. LNG carrier, a Samsung spokesman said. The two container ships for OOCL


Abu Dhabi Awards Construction Contract

Abu Dhabi Shipbuilding (ADSB), has granted a major construction contract worth $12.2 million to a joint venture of Arabtec and Overseas AST Co. The contract is the first of two major construction contracts planned in ADSB's ongoing facility expansion. This past August, the company signed a separate contract with Synchrolift for a new shiplift system, which is currently being manufactured. This contract with Arabtec and Overseas AST includes the construction of shiplift piers, dry berths


Fugro Seacore Jacket Installation Works for Australia’s Largest Platform

Fugro Seacore (FSCL) has just completed drilling on the jacket installation works on the North Rankin B platform in Australia.    Fugro Seacore designed, built and operated two large pile top drills for Heerema Marine Contractors for jacket installation work of the platform substructure. The North Rankin B platform is the Australia’s largest offshore platform, measuring 100m long by 50m wide weighing 25


LNG Powered OSV Delivered to Island Offshore

Island Contender: Photo credit Island Offshore

Island Offshore's new UT 776 CDG design vessel 'Island Contender' delivered by STX Brevik shipbuilders. The owners say that fuel consumption measurements show that it was correct to go for this configuration: two larger gas engines which can be used alone or together in all operational situations, and twin diesel engines if more power is required. With the actual prices of gas and gasoil it is a considerable saving to utilize gas


North Europe – Morocco KNSM Service Upgrade

Maersk Sealand and P&O Nedlloyd announced the upgrade of the direct KNSM service between North Europe and Morocco. To replace existing smaller tonnage, the companies will, beginning at the end of November 2005, phase in two larger and faster vessels, each with a capacity of over 400 TEU (at 14 tons/TEU). The upgraded service will include Bremerhaven, Germany in a new weekly fixed day rotation of Bremerhaven; Casablanca (Morocco), Agadir (Morocco), Rotterdam (Netherlands), Bremerhaven


Zueitina Oil Port Still Closed after Rebel Deal

Libya's eastern Zueitina oil port was still not under government control one week after an agreement with a federalist rebel group to immediately reopen it along with the Hariga terminal, a spokesman for National Oil Corp (NOC) said on Monday.   The spokesman said that NOC was still waiting for confirmation from the government-run Petroleum Facilities Guard that they were able to establish full control over the complex.  


Storm Sets Barges Adrift in Hudson River

Multiple sources reported that two large construction barges moored near the Tappan Zee Bridge in New York broke free and floated down the Hudson River. Strong winds from a recent snowstorm caused the barges to break from their moorings and float down the river, one traveling as far as 15 miles before being recovered. Both barges have been put back into place. There has been no report of injuries. The Associated Press pointed out that this is not the first time a barge has broken free


Dockwise Liftboats to Transport New Statoil Offshore Rigs

Artists impression of White Marlin courtesy of Dockwise

Dockwise, a wholly-owned subsidiary of Royal Boskalis Westminster N.V. (Boskalis) inform it has been awarded a contract by Statoil Petroleum AS for the transportation of two very large new jack-up drilling rigs from Korean shipbuilders to the North Sea, said to be the largest and heaviest jack-up rigs ever to be transported on a heavy marine transport vessel. The two rigs are on order with a South Korean yard and are scheduled to be transported to Norway between the second half 2016 and the


Canadian Superior Acquires Offshore Acreage

Canadian Superior Energy Inc. acquired two major exploration licenses offshore Nova Scotia from the Canada-Nova Scotia Offshore Petroleum Board. It has been advised by the Canada-Nova Scotia Offshore Petroleum Board that Canadian Superior was successful in acquiring two large offshore drilling licenses totaling 822,000 acres offshore Nova Scotia at the Canada-Nova Scotia Offshore Petroleum Board's November 1, 2001 Land Sale (See Canadian Superior's website at www.cansup


Med Tanker Market Pins Freight Rate Hopes on Libya Oil Export Push

Rising oil exports from Libya after months of disruption helped push Mediterranean tanker rates to the highest levels in nearly six months on Wednesday, and shipping players expected more gains in earnings as shipments from the OPEC member step up.


Libya Oil Exports Stutter, Major Eastern Ports Await Restart

Libya will not be able to export oil through its two largest eastern ports before August, due to safety checks after a near year-long closure, a senior oil official said on Wednesday. The latest twist in a spiral of violence also casts a shadow over the vital deal two weeks ago to end the


Wind Energy Components Bound for Duluth Port

Arrival of the BBC Peter Roenna in the harbor this morning (Duluth’s Aerial Lift Bridge in background)

Minnesota Power and the Duluth Port said they will reach a milestone this weekend when the 15th ship bearing wind generation equipment destined for Minnesota Power’s growing renewable energy installation in North Dakota sails into the harbor beneath the Aerial Lift Bridge.


HHI to Build Two LNGCs for GasLog

Gaztransport & Technigaz (GTT) announced the notification of two Liquefied Natural Gas Carriers (LNGCs) which will be built by the Korean shipbuilder Hyundai Heavy Industries (HHI).  GasLog, a Monaco-based shipping company, has ordered two large-scale LNGCs from the shipbuilder


Weakening Energy Sector a Factor in Fugro Profit Slide

Seismic data acquisition: File image

Following a weak first quarter and due to poorer than expected results during the past months, Fugro says it  has decided to disclose preliminary non-audited information on its performance in the first half of 2014. Excerpts as follows: Fugro expects to report over first half of 2014:


Hammond Commends DP World London Gateway

RT Hon Stephen Hammond MP and London Gateway Team

The UK’s Parliamentary Under-Secretary of State for Transport and Wimbledon MP, Rt. Hon. Stephen Hammond MP has paid a visit to DP World London Gateway to congratulate the team on their success. During Hammond’s last visit in January 2013


Topaz Reports Revenue up 7%

Photo courtesy of Topaz

Q1 2014 revenue up 7% over Q1 2013 to US$ 89.4 million as a result of the expansion of the core vessel fleet and high vessel utilization. Topaz Energy and Marine has announced the results of its subsidiary Nico Middle East Ltd. (“NMEL”) for the three months ended 31 March 2014


Boskalis Achieves Higher Revenue In Q1 2014

Logo

  Royal Boskalis Westminster N.V. reported a higher revenue for the first quarter of 2014 compared to the same period last year. This was in line with company expectations. This achievement was the result of Good utilization of the Dredging and Offshore vessels


Libyan Rebel Leader: Govt Has Not Fulfilled Deal to Reopen Ports

A rebel group controlling two large oil export ports in eastern Libya said on Wednesday the government had not fulfilled its part of an agreement to reopen the ports. Abd-Rabbo al-Barassi, self-declared prime minister of the group, also told a pro-rebel television station it refused to deal


POSH raises $311m in Singapore IPO

Image: POSH file photo

POSH prices IPO at S$1.15 per share, near bottom of indicative range. POSH focuses on service to production, maintenance and is keen on growing offshore accommodation business. PACC Offshore Services Holdings (POSH) could raise at least S$388


Med Urals Market Awaits Short May Loading Schedule

Activity in the Russian Urals crude market froze on Tuesday as traders said they were awaiting the first loading dates for May for signs of how much supplies from the world's top oil producer could fall next month. Traders said they anticipated lower exports from Russia in May as several major


Libya to export first cargo since rebel deal

An oil tanker is due to load 1 million barrels of crude on Tuesday from Libya's recently reopened Hariga port, its first export shipment after a deal to end months of closures at its key terminals, the National Oil Corp. (NOC) said. The tanker is due to take its load to Italy


Brent crude eases toward $107, eyes on Libya

China exports fall for 2nd straight month in March, while U.S. crude stocks rise, at a record on the Gulf coast (EIA). Libya's oil guards take control of Hariga port, Zueitina pending and OPEC sees lower demand for its crude in 2014. Separately, Brent to fall to $107.17.


UPDATE: After Deal, Libya's Ports Prep to Load Oil Tankers

* Hariga, Zueitina ports expected to open first * Deal calls for more talks on larger terminals (Adds quotes, colour, background, PVS TRIPOLI) ZUEITINA PORT, Libya/TRIPOLI, April 7  - Libya's Zueitina oil port prepared on Monday to load crude into tankers after the government


Libya's Ports Prepare to Load Oil Tankers

 Hariga, Zueitina ports expected to open first  Deal calls for more talks on larger terminals (Adds context, background, oil prices) Libya's Zueitina oil port prepared on Monday to load crude on tankers after the government reached a deal with rebels to reopen four






 
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