DNV Gets Half of All Middle East Shipbuilding Contracts

Wednesday, March 21, 2007
Risk manager for the oil and gas sector, Det Norske Veritas (DNV), has won more than half of all new shipbuilding contracts for owners in the Middle East and India, according to AB. The company will undertake 90 new-build projects in total, all of which are scheduled for delivery over the next two years. The orders, which bring DNV's total dead weight tonnage (DWT) on order to over 6.6 million, follow the delivery of 14 vessels in 2006, with a combined DWT of 1.24 million.

DNV is currently working on a number of new-build vessels in the Dubai DryDocks, including two of the biggest drilling rigs in the world and five tankers being converted to floating production, storage and offloading vessels (FPSOs). The company stressed the need for finance to support the offshore industry in the Middle East and called for better management of oil and gas firms. DNV plans to set up a training academy in India for future employees, as well as for those working for ship owners. Grostad said this was essential, as finding qualified staff for newer industries, such as LNG, has proved difficult. DNV recorded annual growth figures for 2006 of 13%, with its AED 87 million maritime revenue contributing towards the AED 163 million achieved for all DNV businesses combined. As a result, the company plans to open new offices in Tehran, Oman, Abu Dhabi and Visakhapatnam in India, in addition to recently opened offices in Mumbai, Doha and Fujairah. Source: AB

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

Offshore

Coast Guard tactical air squadron holds change of command ceremony

Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday.

Shell Commited To Russia Expansion Despite Sanctions

Royal Dutch Shell is committed to expansion in Russia, Chief Executive Ben van Beurden told Russian President Vladimir Putin at a meeting on Friday amid sanctions

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.1206 sec (8 req/sec)