Seabulk Acquires Newbuild PSV

Monday, January 20, 2003
Seabulk International, Inc. has purchased and delivered o the Seabulk Africa, a newbuild UT-755L platform supply vessel (PSV) built at the Simek Shipyard in Norway. The 5,500-horsepower, 236-ft. vessel will join the Company's West African fleet, which presently comprises 42 vessels ranging from crewboats to sophisticated anchor handlers. PSVs are large, multipurpose vessels used to ferry equipment, supplies and personnel to offshore platforms and rigs engaged in the production of crude oil and natural gas. "This is a state-of-the-art vessel and the Cadillac of the industry," commented Hubert E. Thyssen, corporate vice president and senior vice president of marketing for Seabulk Offshore, the Company's offshore vessels subsidiary. "She is equipped with the latest technology, including dynamic positioning and firefighting equipment, and is ideally suited to the deepwater West African market. The Seabulk Africa will be the flagship of our West African fleet." The Company also announced that it would bareboat charter, beginning in February 2003 and March 2003, respectively, two additional newbuild vessels from the Labroy Group in Indonesia for deployment in the Southeast Asia market. These two vessels -- the Seabulk Padamyar, a 3,800-horsepower anchor-handling tug/supply vessel, and the Seabulk Nylar, a 3,800-horsepower PSV -- have secured three-year contracts with two option years with a major international oil company. "These two transactions, the purchase of the Seabulk Africa and the bareboat charter of the Seabulk Padamyar and Seabulk Nylar, exemplify our strategy of selectively augmenting our international offshore fleet with sophisticated new tonnage," commented Gerhard E. Kurz, chairman, president and chief executive officer of parent company Seabulk International. "In today's competitive environment, it is essential that we continue to provide our customers with the finest equipment available." Wärtsilä tests first Wärtsilä 50DF dual-fuel engine

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

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

Nigeria's LNG Export Falls

Babs Omotowa, Managing Director and Chief Executive Officer of Nigeria LNG Limited (NLNG), has raised alarm over Nigeria’s dwindling investments in Liquefied Natural Gas (LNG),

Maritime Security

Canadian Navy Frigate Refit Program Completed

Seaspan joined Harjit S. Sajjan, Canada’s Minister of National Defense, at an official ceremony today to celebrate the completion of the Halifax-Class Modernization/Frigate

Drug Interception at Red Hook Container Terminal

Approximately 121 pounds of heroin and eight pounds of cocaine were discovered in a shipping container of vegetables that was moving from Ecuador to Miami, Fla.

How France Sank Japan's Sub Dream

Ousting of Japan ally PM Abbott opened door to rivals; Tokyo slow to respond to new competitive process. In 2014, a blossoming friendship between Australian

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Salvage 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: 0.0756 sec (13 req/sec)