Craig Group Invests $79m in New Vessels

Monday, February 06, 2012

North Star Shipping, a division of the family-owned global shipping and energy services firm The Craig Group, has been awarded a major new contract with Talisman Energy (UK) Ltd. Under the contract the company, which provides offshore support vessels to the industry, will build two new platform supply vessels to support Talisman Energy’s North Sea Operations.
The contract, which is for five years with multiple options thereafter, will create 50 new jobs and represents a further $79m investment by The Craig Group in its fleet.
The two IMT-982 designed vessels, still to be named, will be 83 m long with an 18 m beam and have diesel electric propulsion systems offering a greater fuel economy and efficiency. They have been specifically designed to meet the requirements of Talisman Energy in the North Sea. 
They will be built at the Balenciaga Shipyard in Northern Spain and are due for delivery in the second and fourth quarter of 2013. They will bring the Craig Group fleet to 37 and reinforce its position as the biggest wholly UK owned offshore support fleet.
Callum Bruce, managing director of North Star, said: “The award of this contract secures our position at the forefront in the provision of vessels in the North Sea. Our major investment in state-of-the-art vessels supports the UK offshore industry and its employees as well as showing our continuing support to British shipping.”
Douglas Craig, chairman and managing director of the Craig Group, said: “Through continuous investment in our people, infrastructure and vessels, we are demonstrating our commitment to meeting the needs of clients with a service that is driven by safety and quality.
“The new vessels meet Talisman’s expectations in terms of safety, operability and efficiency and we continue to look for ways to provide the most innovative, cost effective solutions for all our customers.”
The Craig Group fleet, operated by North Star, now stands at 31 vessels in service with a further six vessels under construction.
 

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

Contracts

Global Ocean Trade: Latest Shipbuilding Orders

No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders.

Scorpio Tankers: Latest Financial & Ship Delivery News

Scorpio Tankers Inc. says it has updated its stock buyback program; lists its latest new vessel deliveries, and gives the release date of its second quarter 2014 earnings report.

Hyde Marine Makes BWTS Installation Agreements

Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, says it has established two partnership agreements for installation of the chemical-free

Shipbuilding

Global Ocean Trade: Latest Shipbuilding Orders

No tankship orders noted the past week by Clarkson Hellas in their latest S&P Weekly Bulletin, but no lack of orders in the dry bulk carrier market, all from Far East shipbuilders.

Scorpio Tankers: Latest Financial & Ship Delivery News

Scorpio Tankers Inc. says it has updated its stock buyback program; lists its latest new vessel deliveries, and gives the release date of its second quarter 2014 earnings report.

Aker Philadelphia Shipyard ASA : Purchase of own shares

Aker Philadelphia Shipyard ASA (the "Company") (Oslo: AKPS) has on 21 July 2014 purchased 2,155 shares in the Company on Oslo Axess at an average price of NOK 160.

Offshore

Ocean Mineral Singapore Set for Seabed Exploration

Ocean Mineral Singapore Pte. Ltd. (OMS) has received approval from the International Seabed Authority (ISA) on its application for its first seabed exploration licence.

DNV GL Publishes Regulatory Roadmap for Floaters in the US

DNV GL announced it has mapped out what is necessary to be in compliance with U.S. Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in U.S. waters.

Second Typhoon Threatens Taiwan

The Taiwan military was collecting and distributing sandbags to guard against possible flooding on Tuesday as a typhoon bore down on the island after brushing the Philippines.

Vessels

COSCO Corpn. Secures Contracts of $300 mi

COSCO Corporation (Singapore) Limited announced that shipyards, which are subsidiaries of the Company’s 51% owned subsidiary COSCO Shipyard Group Ltd, have secured

Kleven Shipbuilding Wins IES Pioneer Contract

Norway’s Kleven announced it has signed a shipbuilding contract with Malaysian based joint venture company IES Pioneer Ltd. The vessel is of Norwegian design

Eastern to Build Offshore Vessel for Harvey Gulf

Eastern Shipbuilding announced that on, Wednesday July 16, 2014, Harvey Gulf International Marine, Inc. (HGIM) and Eastern Shipbuilding Group, Inc. (ESG) entered

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Port Authority Salvage Ship Electronics Ship Repair 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: 0.1469 sec (7 req/sec)