HAV Group Acquires DP Specialist Undheim Systems
Norway's HAV Group has completed the acquisition of Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels. The consideration for the purchase includes a non-material cash amount and 250,000 shares in HAV Group ASA, valued at NOK 14.0 per share."The technology acquisition is a strategic move that accelerates HAV Group's plans to offer digital functionality that meets the global maritime market's needs for autonomous ship operations," HAV Group said."We…
Rebuilding Confidence in Reactivated DP Assets
The offshore energy sector, like any industry, is constantly subject to market cycles. Challenging conditions may lower demand, resulting in a significant number of resources such as offshore support vessels (OSVs) and drillships being deactivated for potentially extended periods. Over time, however, cycles reverse and demand increases for these same assets.Operators reduced expenditures on offshore exploration and production activities, with a subsequent lower demand for these offshore assets, many of which were ultimately deactivated and laid-up (or “stacked”) for extended periods.
Otto Marine Name AHTS, Sign Cement Carrier MOU
Singapore's Otto Marine celebrate the completion of another unit of one of the world’s largest and most complex AHTS from its Batam shipyard, and also announce they have signed a MOU for newbuilding and conversion of cement carrier vessels. Norwegian designed and DNV classed, Go Phoenix is a highly complex VS491 24,000bhp Anchor Handling Tug Supply (“AHTS”) vessel which is the second of four of its kind to be built in Asia on a turnkey basis. Counted among the world’s ultra large AHTS vessels…
Technical: Homing in on Ships' Electrics
Power systems specialist Rolls-Royce now derives nearly $1.5 billion of total annual sales of $8.7 billion from the marine market, and an important element of its growth strategy in the marine domain is the development of its electrical capabilities, products and technology. The increasing use of electrical drives and other sub-systems, and a move towards highly automated, integrated shipboard networks, is evident in both the commercial and naval sectors, in the technology-intensive, specialized vessel categories which form the group's heartland business areas. The success of electrical power and propulsion systems in application to high capacity cruise vessels has proved to be one of the most significant technological developments in commercial shipping over the past decade and a half…
A New Chapter in Naval Shipbuilding
As a resounding endorsement of its long-term commitment to shipbuilding in the U.K., Vosper Thornycroft (VT) has created a state-of-the-art ship production facility within Portsmouth Naval Base. Having recently attained preliminary operational status through steel cutting on 295-ft. (90-m) transport barge, the 33-acre naval shipbuilding yard is set to play a key role in the construction of the Royal Navy's next generation of destroyers while extending VT's overall build capabilities and market reach. It has been some decades since Britain last saw the opening of a new yard of any significant size, and VT's initiative ensures a future for the industry in southern England.
