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Dwt Crude Carrier News

23 Jul 2009

Acceptance of LOF in U.S. Waters

The Eltanin (photo courtesy SMIT Salvage)

There is growing acceptance of Lloyd’s Open Form as the optimum contract for response to serious marine emergencies in US waters according to SMIT Salvage. A number of cases over the past few years have provided demonstration of the efficacy of LOF when responding to vessels with a potential to cause significant environmental damage. The effectiveness of the LOF system relates to the fact that the contract, once agreed, gives a set of very clear responsibilities to the salvor.

10 May 2001

Jurong Wins $80M FPSO Conversion From Kellog Brown & Root

SembCorp Marine Ltd. said its wholly-owned subsidiary Jurong Shipyard Pte Ltd. won a project worth about $80 million from U.S.-based Kellog Brown & Root Inc. to convert a crude oil tanker into an oil platform. The project, which involves the conversion of a 270,000 dwt crude carrier to a floating production, storage and offloading platform to be stationed offshore from Brazil. After the project's completion in the third quarter of 2002, the platform will have the capacity to produce 150,000 barrels a day of oil as well as gas compression capacity. Jurong Shipyard is also investing $8.8 million for a 70 percent stake in a Brazilian joint venture for conversion and construction of floating production and drilling units for deep water oil and gas exploration and production.

10 May 2001

Jurong Wins $80M FPSO Conversion From Kellog Brown & Root

SembCorp Marine Ltd. said its wholly-owned subsidiary Jurong Shipyard Pte Ltd. won a project worth about $80 million from U.S.-based Kellog Brown & Root Inc. to convert a crude oil tanker into an oil platform. The project, which involves the conversion of a 270,000 dwt crude carrier to a floating production, storage and offloading platform to be stationed offshore from Brazil. After the project's completion in the third quarter of 2002, the platform will have the capacity to produce 150,000 barrels a day of oil as well as gas compression capacity. Jurong Shipyard is also investing $8.8 million for a 70 percent stake in a Brazilian joint venture for conversion and construction of floating production and drilling units for deep water oil and gas exploration and production.

18 Jun 2001

SembCorp Brazil Wins $149M Offshore Contract

SembCorp Marine Ltd.'s Brazilian joint venture had secured its first contract, worth $149 million, for the fabrication of topside production modules in offshore Brazil. The firm said the contract for Maua Jurong SA, the Brazilian joint-ventue of Jurong Shipyard Pte Ltd, was to build topside fabrication modules for the Barracuda and Caratinga fields in offshore Brazil. It said the contract was awarded by Halliburton Productos Ltda, the Brazilian affiliate of Kellog Brown & Root Inc., with fabrication work expected to start in mid-June 2001 and completion scheduled in late 2002. Last month SembCorp Marine said Jurong Shipyard had won a project worth about $80 million from Kellog Brown & Root to convert a crude oil tanker into an oil platform.

05 Oct 1999

Fruit of the Orient

Through a longstanding blend of organizational discipline and an unerring drive for the highest levels of automation attainable in shipbuilding processes, the industry in Japan demonstrates resilience founded on continuing productivity advances. Untiring efforts to seek new ways of reducing man-hours and lead times is wholly characteristic of Japanese companies, as they rise to the intensified challenge posed by equally resolute South Korean yards. Although designs from Japanese builders are necessarily production-oriented, shaping perceptions in the international shipowning market that tailoring can only be had at a substantial premium, there is no question about the quality obtainable at a competitive price.

29 Nov 1999

Hyundai Heavy Foreign Ship Orders At $440M

Hyundai Heavy Foreign Ship Orders At $440M South Korea's Hyundai Heavy Industries Co. won $440 million in foreign shipbuilding orders for 11 vessels so far this month. The details are as follows: -Taiwan's Yangming Marine Transport Corp. ordered two 5,500 teu container carriers -A Greek shipping firm ordered two 172,000 dwt bulk carriers -An Indian shipping firm ordered one 75,000 dwt bulk carrier -South Africa's Safbulk ordered four 172,000 dwt bulk carriers -Turkey's Besiktas ordered one 165,000 dwt crude carrier -Liberia's Countess Shipping ordered one 73,000 dwt oil product carrier