VT Halter Wins PSV Contracts

Tuesday, February 12, 2008
VT Halter Marine won a contract for the design and construction of two Platform Supply Vessels (PSV) for L&M Botruc Rental Inc. The contract is valued at between $45-$55m. Physical construction is scheduled to begin in the second quarter of 2008 with deliveries of the two vessels scheduled in 2010. Measuring 230 x 56 x 18-ft., the completed PSVs will be used to carry supplies, deck cargo, and drilling fluids used in the support of exploration and offshore production of energy sources. PSVs are highly automated and designed with sophisticated control and monitoring systems. Each vessel will be equipped with a DP-2 (Dynamic Position with redundancy) that will provide precise maneuvering capability through the use of a special combination of thrusters that are equipped with controllable pitch propellers. L&M Botruc Rental Inc operates one of the largest fleets of offshore maritime transportation vessels in the Gulf. It is one of the largest privately held supply boat companies and the sixth larges boat company on the Gulf Coast.

Contracts

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

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

Workboats

MN100: Cummins Marine, Inc.

The Company: Cummins, Inc. is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems,

MN100: Shock Mitigation

The Company: The company provides marine organizations, boat builders and equipment manufacturers with relevant subject matter expertise plus an independent overview

Five Vessels Delivered for Qatar’s New Port Project

Nakilat Damen Shipyards Qatar (NDSQ) has delivered five vessels as part of an 11-vessel order for New Port Project (NPP). Built entirely at the Erhama Bin Jaber

 
 
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