JES International Kickstarts Maiden Offshore Project

Posted by Michelle Howard
Thursday, December 12, 2013

Mainboard-listed JES International Holdings Limited, a private shipbuilding group based in the PRC, announced that the group has commenced the steel cutting for its first two Platform Support Vessels (PSV) at its shipyard located in Jingjiang City, China.

According to the builder, the UT 755 LN Platform Support Vessel is of a sophisticated and well known design, utilizing a comprehensive package from Rolls Royce which includes design and engineering services, as well as all main equipment. The vessels have a capacity of approximately 3,100 deadweight metric tons and a length of 77 meters, built under DNV classification. JES secured a total of four PSVs in the fourth quarter of 2012 from a customer based in Norway - Vega Offshore Management AS. The first two PSVs are expected to be delivered in 4Q2014 and 1Q2015.

Vega Offshore is an offshore support vessels owner, operator and commercial manager that has taken delivery of eight offshore support vessels from other Chinese yards over the last 18 months. The series of UT 755 LN from JES is part of Vega Offshore’s plans to grow its fleet of vessels. Vega Offshore is already looking into long term employment for the first two units. Their first eight vessels are all operating in Brazil waters on long term contracts with Petrobras.

JES said it is focused on the smooth execution of the UT 755 LN’s construction in building its track record as the UT 755 LN PSV shall form the base of JES’ PSV product range to foray into the offshore oil and gas sector. The group believes more contract wins for UT 755 LN PSV will consequently follow due to the PSV’s functionality and practicability. Based on the group’s understanding, future demand for medium-sized PSVs such as the UT 755 LN is still strong and new order wins are hopeful over the coming months.

“We are very excited to see the commencement of construction for the first UT 755 LN project. It marks a very momentous occasion for JES as it signifies our diversification into the more technically challenging offshore oil and gas sector,” said Jin Xin, Chairman and Chief Executive Officer, JES. “We are confident that the UT 755 LN will be a prided product that will strengthen our presence in this sphere.”

Kenneth Fjeld, Managing Director of Vega Offshore, added, “The offshore support vessel market, particularly for PSVs, is still strong and we see increased demand for high quality vessels such as UT 755 LN in markets including Southeast Asia, West Africa, Gulf of Mexico and South America.”

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Carnival Sails to Profit

The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28.   That

Ukraine Arrests Turkish Ship for Visiting Crimean Port

Turkey owned merchant ship flying the flag of Tuvalu was arrested by Ukrainian authorities over a visit it made to a port in Crimea, reports Reuters. The ship's captain detained.

USCG Flush Ice down River Systems to Facilitate Shipping

The Coast Guard cutter fleet is flushing ice through the Great Lakes river systems to prevent ice jams and facilitate commercial shipping as the shipping season

Shipbuilding

First Supramax Vessel for Japan-Italy Venture

'DACC Tirreno' was delivered at the Oshima shipyard in Japan yesterday, the first of four Supramax bulk carriers for the dACC Maritime Limited fleet, the joint

Austal Graduates 48 4-Yr Apprentices

Austal USA combined two classes to graduate a total of 48 members of Austal’s cutting-edge four-year apprenticeship program yesterday at a formal ceremony held at the Arthur R.

BAE Systems to Expand San Diego Shipyard

BAE Systems announced it will invest approximately $100 million to expand drydocking capabilities at its San Diego shipyard.   The investment, which will include

Offshore

JV Wins $2bln Freeport LNG Contract in US

A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural

Feds Delay LNG’s Port Ambrose Application

The US Coast Guard and the US Maritime Administration (MARAD) have temporarily suspended their review of the proposed Port Ambrose deep-water LNG import terminal.

Nations Convene for Arctic Maritime Discussion

Citing an increasing need to ensure safety, security and stewardship of Arctic waters, member countries of the Arctic Council gathered at U.S. Coast Guard Headquarters

Environmental

USCG Flush Ice down River Systems to Facilitate Shipping

The Coast Guard cutter fleet is flushing ice through the Great Lakes river systems to prevent ice jams and facilitate commercial shipping as the shipping season

Chile Desert Rains Sign of Climate Change

The heavy rainfall that battered Chile's usually arid north this week happened because of climate change, a senior meteorologist said, as the region gradually

Mexico Unveils National Strategy ahead of Paris Climate Talks

Mexico on Friday said it will cap its greenhouse gas emissions by 2026, becoming one of the first countries to formally submit its national climate plan the

News

Is China Building a Naval Base in Africa?

Recently, The Namibian reported the existence of a "confidential letter from Namibia's ambassador to China, Ringo Abed, to Namibia's foreign minister stating that

JV Wins $2bln Freeport LNG Contract in US

A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural

Puerto Rico Readies for Largest Cruise Ships

Thanks to a pier expansion and enhancement, Puerto Rico will welcome the two largest cruise ships in the world, Royal Caribbean International’s Oasis of the Seas and Allure of the Seas, in 2016.

Vessels

Carnival Sails to Profit

The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28.   That

Smoke: Cruise Ship Evacuates Passengers

A number of passengers and crew members were evacuated after smoke was spotted billowing from the front section of Carnival Liberty cruise ship docked in the Dutch Caribbean nation of St Maarten.

First Supramax Vessel for Japan-Italy Venture

'DACC Tirreno' was delivered at the Oshima shipyard in Japan yesterday, the first of four Supramax bulk carriers for the dACC Maritime Limited fleet, the joint

 
 
Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2467 sec (4 req/sec)