Wärtsilä has acquired the global ship design group Vik-Sandvik, an independent group providing design and engineering services to ship owners and the ship building industry worldwide. The value of the acquisition is $169.9m, with an additional maximum sum of $48.9m to be paid based on the performance of the business over the next three years. In 2007, Vik-Sandvik’s turnover was $70.8 millions and the profitability is on a very good level. The number of employees is 410. The role of ship design is becoming more and more important due to higher performance requirements, more sophisticated systems, and increased integration onboard most vessels. Also, the environmental and emission regulations regarding NOx and CO2 are becoming increasingly stringent. “From a strategic point of view, the acquisition of Vik-Sandvik is a very important step for Wärtsilä as it brings us closer to our customers, both ship owners and ship yards. We can now enter into dialogue with them at an earlier stage, when the key specifications of a vessel are decided, and this will result in us being able to offer more competitive solutions,” says Mr Jaakko Eskola, Group Vice President, Wärtsilä Ship Power. Vik-Sandvik will be integrated into Wärtsilä Ship Design within Ship Power. All personnel - including the management - will continue as Wärtsilä employees
Wärtsilä has acquired the global ship design group Vik-Sandvik, an independent group providing design and engineering services to ship owners and the ship building industry worldwide. The value of the acquisition is $209.5m, with an additional maximum sum of $60m to be paid based on the performance of the business over the next three years. In 2007, Vik-Sandvik's turnover was $87m and the profitability is on a very good level. The number of employees is 410
Norwegian naval architects Vik-Sandvik have confirmed that the Cyprus-based company Norwegian Shipping Ltd has decleared options for additional two AHTS at Bharati Shipyard Ltd in India.Norwegian Shipping Ltd now has a total of four VS 4612 designs under construction at Bharati Shipyard. The last two vessels will be delivered in February and June 2010. Source: Offshore Shipping
Aker Yards has confirmed an optional agreement with Siem Offshore Inc for the building of two Platform Supply Vessels. The value of the contract is approximately NOK 275 million. Delivery is scheduled for second quarter 2007 from Aker Yards, Aukra. The vessels are of Vik Sandvik design, VS 470 Mk II. The vessels will be equipped with dynamic positioning, special product tanks, azimuth thrusters and accommodation for 34 persons.
Norwegian offshore vessels operator Siem Offshore Inc said that its 51%-owned subsidiary Siem Meling Offshore DA has agreed to acquire a platform supply vessel construction contract for NOK315m. The Vik-Sandvik VS 485 type vessel will be built at the Eidesvik shipyard in Norway, and is scheduled for delivery in the first quarter of 2009. Siem Offshore is headquartered in Kristiansand in Norway.
Wärtsilä, ship power system integrator for the marine industry, has received a ship design order from the Norwegian shipping company Sartor Shipping AS. The order is for two Vik-Sandvik 465 FSV design vessels that will be built at the Wison Heavy Industry shipyard in China. Wärtsilä scope of supply also includes two main engines, gear boxes and propellers. Sartor Shipping has options for further newbuildings at the yard. The vessels are due for delivery in 2010 and 2011
MAN B&W Diesel A/S, Frederikshavn, Denmark has been awarded a contract to supply complete twin-screw twin-in/single-out medium speed propulsion packages for eight Anchor Handling Tug Supply Vessels (AHTS). The newbuildings, which will be built by Aker Yards AS, Norway, were ordered by the A.P. Moller – Maersk Group’s Maersk Supply Service. The finalized vessels are expected to be delivered from Norway (from both Aker’s Brattvaag and Langsten shipyards) with two month intervals
Aker Yards has entered into a contract with AP. Moller - Maersk AS, for the building of eight Anchor Handling Tug Supply Vessels (AHTS). The contract also includes an optional agreement for another two sister vessels. The series of AHTS vessels is of Vik & Sandvik design, VS 472. Deliveries are scheduled for 2008 and 2009, from Aker Yards in Norway. The vessels are of approximately 240 x 65.5 x 30 ft. Roy Reite
Maersk AS has announced that they will exercise the option with Aker Yards to build another two Anchor Handling Tug Supply Vessels (AHTS). The two vessels will be sister vessels to the eight Anchor Handling Tug Supply Vessels ordered by AP. Moller - Maersk AS in March 2006. The series of AHTS vessels is of Vik & Sandvik design, VS 472. Deliveries are scheduled for 3rd and 4th quarter 2009 from Aker Yards in Norway. The vessels are of approx. 73.2 m length..
Tidewater Inc. announced that it has taken delivery of the M/V Miss Jane Tide. The Miss Jane Tide is Tidewater's first VS 480 platform supply vessel built by the company's own Quality Shipyards, L.L.C. in Houma, La. The ship, designed by the Norwegian firm Vik-Sandvik, is the first of four identical vessels to be built by Quality. The Miss Jane Tide is a 260-ft. PSV and is the first domestically constructed vessel to be delivered under Tidewater's new construction program announced in January
Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik will at the same time replace Sjursen as head of the company's maintenance, modifications and operations business.
Global technology engineering group Sandvik will present corrosion resistant alloys, including its new Sandvik SAF 3207 (UNS S33207) hyper-duplex stainless steel at NACE CORROSION 2015, the company announced today. NACE CORROSION 2015
The six vessels (plus four options) placed in the Norwegian yard will be assigned Lloyd’s Register (LR) class notations 100A1, Offshore Supply Ship AHTS, Fire Fighting Ship 1 (2400), Ice Class 1A PS, RD (2.8), IWS. Steel cutting is expected to begin in June 2015 with the first two
Successful NORSOK qualification of Sandvik 254 SMO hydraulic and instrumentation tubing increases opportunities in the oil and gas sector. Adding to its extensive capability in supplying material to the oil and gas industry worldwide, Sandvik has successfully been qualified according to
'World Diamond', the first of a series of six uniquely designed platform supply vessels (PSV), was christened recently by the ship’s godmother, Princess Margareta of Romania, at Damen Shipyards’ Galati in Romania. Each of these PSVs is classed by Lloyd’s Register and is of 3
A R140-million, general bulk ship-loader installed at Richards Bay in Transnet Port Terminal’s (TPT) R33-billion Market Demand Strategy (MDS) investment programme. Custom-built to complement the terminal’s operational envelope, the loader was designed in Austria and built in China
GEOSHIPS Group has announced two contract wins worth a combined value of £3 million for the company’s latest vessel. Following an open day on-board the Loch Roag for potential clients, the vessel secured work in the North Sea with two new customers for GEOSHIPS
GEOSHIPS creates 40 new jobs with delivery of latest vessel. GEOSHIPS Group, a marine and subsea services provider, has completed charter party negotiations with Singapore based Teras Offshore, for a new Offshore Deck Cargo Vessel, resulting in the planned recruitment of a further 40
SeaHold GEOSHIPS Ltd., a marine and subsea services shipping company, has taken delivery of its second multi-purpose support vessel (MPSV) on a contract valued at over £30million, following a successful year for its current vessel, the Stril Explorer.
Gibdock’s growing reputation as one of the leading cruise ship repair and refurbishment centres in the Mediterranean has been enhanced by the docking of the 42,255 gt, 1992-built Pullmantur Zenith. The vessel arrived in Gibraltar on November 7th for work that had to be completed within tight
SeaHold GEOSHIPS expanded its fleet of multi-purpose offshore vessels. The two new vessels ‘Loch Erisort’ and ‘Loch Roag’ brings the Aberdeen-based firm’s fleet up to three, while also signifying a $140m in additional financial commitment
Wärtsilä, a ship power system integrator and solution provider, has signed a contract to design and supervise the construction of a modern oceanographic research vessel for the marine wing of the Geological Survey of India (GSI). The order was received in October.
On September 8, 2009, Severnaya Verf shipyard, a part of United Industrial Corporation (OPK), launched a vessel for oil-rig platform provision, also known as the project VS 485 PSV. The vessel for oil-rig platform provision is equipped with special capacities and cargo system for
Cargotec announced on 22 June 2009 of merging Hiab and Kalmar business areas. As a result of the merger, Cargotec has now formed two business areas: Marine, which comprises current MacGregor business area, and Industrial and Terminal, which comprises current Hiab and Kalmar business areas
– In a move to solidify its course as a complete ship system supplier, Wärtsilä at Norshipping in announced that it will combine all its ship design units into a single entity, to be known as Wärtsilä Ship Design. The units involved in this reorganization include the