BH Global Marine Wins Supply Contracts

Monday, November 20, 2006
BH Global Marine Limited has secured new contracts. These new contracts involve the supply of cables for two Anchor Handling Tug Supply (AHTS) vessels as well as the supply of specialized lighting for two oil rigs. BH Global will commence the supply of cables to the two AHTS vessels, which are being built by Jaya Holdings Limited by the end of 2006. In the early part of 2006, BH Global has successfully delivered a similar contract for Jaya. The other new contract is for the supply of specialized lighting products for two oil rigs, which are being constructed by one of the world's largest rig building companies. Besides the supply of lighting products, BH Global will also play a key role in the procurement and logistics management for other electrical equipment for this customer's yard facilities and daily operations. Industry Outlook The prospects for the building of new offshore AHTS vessels globally continue to be very positive. Similar to oil rigs, the majority of the global offshore AHTS fleet was built during the last offshore cycle in the 1970s. Currently, more than 70% of the fleet is more than 20 years of age and this aging fleet is due for replacement. In addition, there is a strong direct link between the growth of AHTS vessels and that of offshore rig platforms, thus the current boom in rig building bodes well for the prospects of AHTS vessels. The replacement program of AHTS vessels is expected to intensify in the coming years, and the related procurement specialists and suppliers like BH Global are well positioned to ride on the expected increase in demand for AHTS vessels. source: Rigzone
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Horizon Delivers Second 80’ Towboat to FMT

Horizon Shipbuilding, Inc. announced the delivery of another 80’ Inland River Towboat, the M/V Chip Stiebing, to Florida Marine Transporters (FMT) of Mandeville, La.

SFL Acquires Eight Bulk Carriers from Golden Ocean

Ship Finance International Limited (SFL) has entered an agreement to acquire eight Capesize dry-bulk carriers from subsidiaries of Golden Ocean Group Limited, the company announced today.

Northrop Grumman Navigation Systems for Canadian Navy

Northrop Grumman Corporation's Sperry Marine business unit has been selected to design and supply gyrocompass navigation systems for 12  Kingston Class coastal

Finance

Milaha Reports Improved Net Profit for Q1

Qatar Navigation (Milaha) Q.S.C. has announced its financial results for the three months ended March 31, 2015, in which it reported operating revenues of QR 786 million vs.

SFL Acquires Eight Bulk Carriers from Golden Ocean

Ship Finance International Limited (SFL) has entered an agreement to acquire eight Capesize dry-bulk carriers from subsidiaries of Golden Ocean Group Limited, the company announced today.

Truckers to Strike Four SoCal Shippers

Truckers who haul freight from the ports of Los Angeles and Long Beach will go on strike against four ground-shipment companies on Monday, a Teamsters union official said,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.1344 sec (7 req/sec)