New Joint Venture Global SSP

Monday, July 06, 2009

SSP Offshore Inc. of Houston, TX has entered into an agreement with Dubai-based Global Process Systems Inc. (GPS) to form Global SSP, a 50/50 joint venture. The new JV, based in Singapore, will focus on commercializing the proprietary SSP platform, a round floater designed to provide the deck space required for storage, processing, offloading and drilling. Global SSP will have exclusive rights under license to market, build, lease, and sell the SSP platform in Southeast Asia, the Middle East, Australia and New Zealand, and the Caspian offshore areas. “The alliance with GPS marks a major step in the commercialization of the SSP platform,” said Dan Wilson, Acting CEO of SSP Offshore.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Shipping Industry Flying On The Dragon’s Back

As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Sembcorp Profit Halved as Clients Defer Projects

Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces

 
 
Maritime Contracts Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Electronics 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: 0.0770 sec (13 req/sec)