Sonsub and Torch Offshore Sign Frame Agreement

Tuesday, July 29, 2003
Sonsub has signed a one year Frame Agreement with Torch Offshore, L.L.C to provide ROV support onboard the Midnight Wrangler. Sonsub will be supplying our 200 Hp, in-house designed and built Innovatorâ work class ROV with a depth rating of 3,000m. The Midnight Wrangler is a deepwater construction/pipelay vessel capable of laying rigid pipe, flexible pipe, coiled tubing and umbilicals, utilizing up to four reels, in water depths to 3,000m and beyond. Because both vessel and ROV are able to work in ultra deep waters, both companies feel that this is a very well suited match for the demanding deepwater construction market. Robert Keith, President of Sonsub, states, “We firmly believe that this partnership will result in providing our mutual clients with a complete package which will be a valuable deepwater asset to further their development goals.” Likewise, Torch Representative Willie Bergeron states, “The commitment of each partner to excellence, as well as the quality of the assets themselves, will provide our mutual customer base with a proven commodity in today’s competitive market.” The spread will be available for work beginning August 1, 2003.

Contracts

Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

 
 
Maritime Contracts Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0714 sec (14 req/sec)