Singapore Technologies Engineering Ltd (ST Engineering) reports that its marine arm, ST Marine, has won two shipbuilding contracts worth about $60m from Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly owned subsidiary of Swire Pacific Limited. These contracts to build and outfit two Anchor Handling Tug Supply (AHTS) vessels, measuring 92m by 22m, are in addition to the existing shipbuilding contract with SPO, announced in June 2011 for four AHTS vessels. For these contracts, SPO will supply a larger proportion of the major equipment for ST Marine’s integration and installation. Construction will commence in 2013. These two AHTS will adopt the latest Dynamic Positioning technology and will be Special Purpose Ship 2008 compliant. They will also have adequate tank capacities and clear deck space of about 650 sq. ft. for other offshore applications. When delivered in 2Q2014 and 3Q2014 respectively, the vessels will join SPO’s modern fleet supporting the latest generation of semi-submersible rigs operating in deep water and harsh environment.
Oceaneering International, Inc. won two contracts from BP Americas Production Company (BP) to provide vessel and remotely operated vehicle (ROV) services in the Gulf of Mexico (GOM) to support hurricane damage-related platform decommissioning operations. Under terms of each contract, Oceaneering will provide a dynamically positioned ROV support vessel equipped with three ROVs -- two work class and one observation class
Icelandic aluminum producer Nordic Aluminum (Nordural) has awarded a two-year contract to transport group Eimskip. Nordural officials did not release the value of the deal, but said that it would involve transport worth up to $13.8 million. The deal excludes aluminum ore imports. The contract involves the transport of aluminum from Iceland to Rotterdam in the Netherlands, the import of anodes used to produce aluminum from Neuss in Germany, and the export of anode remnants for recycling
Kongsberg Maritime won two contracts for the delivery of ASSETT Engineering and Operator Training Simulators for the Valhall and Ula-Tambar fields in Norway. The simulators will be delivered in 2006. And will be integrated with the ABB Safety and Automation System. "ASSETT enables our customers to optimize their production and train their operators for these conditions," said Sales Manager for Process Simulation in Norway, Chris Ruigrok of Kongsberg.
In the first half of 2007 the Division won two major long-term contracts. A 25-year contract will be carried out in a joint venture involving the provision of 4 tugs for an LNG terminal in Italy. This contract will start contributing in the second half of 2008. In addition, a long-term contract was acquired in Angola. This contract will start contributing towards the end of 2007. Part of the activities in Gabon, which were carried out with an (aged) river fleet, were divested
Held on January 16, 2014 in London, Global freight forwarder and logistics services provider Damco has won two awards at the event of the British International Freight Association – BIFA Awards. The Damco U.K. team was chosen best in two categories - The Environment Award and Young Freight Forwarder Award. The jury chose Damco, as the team exhibited a range of initiatives that scope extends beyond their own organization
McDermott Arabia Company Ltd. a subsidiary of J. Ray McDermott, S.A., has been awarded two turnkey contracts by Al-Khafji Joint Operations (KJO), to provide engineering, procurement, construction and installation services for KJO developments in the Arabian Gulf. The first contract is for an integrated wellhead jacket (IWJ) in the Al-Khafji oil field offshore Saudi Arabia. The second contract will see J. Ray support the expansion of KJO's loading facilities in the offshore Neutral Zone
While South Korean shipbuilders continue to enjoy another good year, representatives from three of the world’s largest yards reportedly are angling to focus on securing more ‘strategic’ orders to keep momentum, according to a report in the Korea Times. Korean yards are facing increasing pressure from Chinese shipbuilders, and to maintain its world lead the strategy includes a focus on these strategic orders
Power and automation technology group ABB won two orders in the third quarter to provide the waste heat recovery systems, each powered by a power turbine generator (PTG), for 14 new 8,800 TEU (twenty-foot equivalent unit) container vessels. The first seven post-panamax vessels will be built at Dalian Shipbuilding Industry Co. Ltd., (DSIC) and the other seven vessels at New Times Shipbuilding Co. Ltd., for China International Marine Containers Group Co. and Mediterranean Shipping Co. S
Samsung Heavy Industries Co Ltd said on Wednesday it won a 1.34 trillion won ($1.27 billion) order to build two drillships for an unnamed firm based in or near Australia. The South Korean shipbuilder said in a regulatory filing the contract was expected to be completed by June 2017. ($1 = 1052.3500 Korean Won) (Reporting by Joyce Lee; Editing by Stephen Coates)
The cruise business is booming, and Evac said it has benefitted directly with 40 percent annual growth. The cruise business is the fastest-growing category in the leisure travel market, and demand is outstripping supply with average annual passenger growth of over seven percent since 1980
Hanjin's debts at 5.6 trln won at end 2015; company has been squeezed by low shipping margins. South Korea's Hanjin Shipping Co Ltd will ask creditor banks to restructure its debt, the country's largest shipper by assets said, in an attempt to weather a squeeze in margins from a severe industry
DP World, one of the world's biggest port operators, and the Cypriot logistics and services company GAP Vassilopoulos Public have won two concessions to manage commercial activities at Limassol Port in Cyprus starting in January.
Leading marine coatings manufacturer, Hempel, announces - after only two and a half years on the market - its award winning innovative fouling defence product Hempaguard has now been applied as a full vessel coating to 500 ships.
CWind wins crew transfer vessel contract from Fred Olsen at Walney 1 & 2 offshore wind farms CWind announced that it has won an eight-month contract to provide crew transfer services to Fred Olsen at Walney 1 and 2 offshore wind farms
Abu Dhabi Ocean Racing won the Volvo Ocean Race (VOR), despite pulling into the port of Gothenburg, Sweden, in fifth place on Monday. The Emirates team, skippered by Walker, triumphed in the nine-month triennial race after finishing fifth in the ninth leg from Lorient to
The final phase of a competition to develop novel adaptive autonomous ocean sampling network (AAOSN) management systems for the National Oceanography Centre (NOC) is now underway. Two UK consortia will move forward to develop systems capable of coordinating a suite of marine autonomous vehicles
The Maritime and Port Authority (MPA) clinched top honours at this year's Singapore Environmental Achievement Awards. MPA has won two of the three titles given to the sector, including the overall Outstanding Singapore Environmental Achievement Award
For the 6th consecutive year, the Maritime and logistics awards (MALA) ceremony took place on 4th September at the Leela Hotels, Andheri east, Mumbai. The awards, which were started in 2009 by the Nikhil Modi’s Exim team, are the most prestigious awards for the shipping fraternity in
An agreement signed today by Port of New Orleans officials and industry leaders from the Central Ohio River corridor could help spur commerce between the two regions. The Board of Commissioners of the Port of New Orleans and the Central Ohio River Business Association (CORBA) signed a
Simrad HALO Pulse Compression Radar, the world’s first high-performance recreational solid-state, open-array radar system with pulse compression technology, has won the prestigious 2015 Design Award METS (DAME) in the Marine Electronics category at the Marine Equipment Trade Show in Amsterdam
Acquiring ships from financially troubled shipping companies will remain one of the mainstay jobs handled by South Korean finance house Korea Asset Management Corporation (KAMCO) next year, reports Korea Times. The company has bought 33
Creditors of financially troubled STX Offshore & Shipbuilding are opposing financial aid for the shipyard citing the gloomy outlook of the shipbuilding industry, Korea’s Yonhap News has reported. Creditors of STX Offshore, led by the state-run Korea Development Bank (KDB)
Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered two jackup rigs to Mexican company, Grupo R. Built to Keppel's proprietary KFELS B Class design, the rigs, CANTARELL I and CANTARELL II, will be chartered to PEMEX
South Korean banking group KB Financial Group Inc is acquiring a controlling stake in brokerage Hyundai Securities Co Ltd for 1.25 trillion won ($1.09 billion) in a high-priced bet on diversification. About two-thirds of KB Financial's 2015 net profit came from its banking unit