Good Project Management News

On Thursday October 25th, SKB's new vessel, M/S Sigrid, was launched at the shipyard in Galati, Romania where she was built. Sigrid should arrive to her home port in Oskarshamn by summer 2013. The new vessel, M/S Sigrid, is slightly larger than her predecessor M/S Sigyn, which has been in service during the past 30 years. Sigrid will be able to carry 20% more cargo than Sigyn. The vessel is designed to operate more fuel efficiently and thus more eco-friendly than her predecessor. Safety requirements are stringent, and Sigrid has, for example, a double hull, radiation protection, four engines and other multiple systems. "The launch marks an important milestone in the project. 20 months ago, this vessel was nothing more than a drawing. Now she is a reality.

Ulstein Group did well in 2010 with NOK 2.4 billion in operating income and an operating profit of NOK 354 million. ”We have a solid organisation of competent employees with a strong focus on delivery precision. Through good project management, we have achieved the goals set within our main business areas. This provides a good foundation for the continued building of a robust company”, says CEO Gunvor Ulstein. ULSTEIN has made several strategic investments within the design and solutions area in recent years, and the area delivers solid profit results also for 2010.

Keppel Hitachi Zosen Limited (KHZ) will deliver its first cable laying and repair vessel to TyCom by end August 2001. The vessel was named TyCom Reliance by Lady Sponsor, Ms Claire Calandra, Executive Vice-President and COO of TyCom at the naming ceremony at Hitachi Zosen Singapore yard yesterday. When commissioned, TyCom Reliance will be the most efficient cable laying and repair ship in TyCom's fleet. KHZ was awarded the first contract to build two cable laying and repair vessels for TyCom in April 2000. Subsequently, TyCom exercised its option to build an additional four sister vessels in November 2000. The second vessel is currently being built in Keppel Shipyard and delivery is expected in the fourth quarter of this year.

J. Ray McDermott, S.A. and Keppel FELS Limited. are in the process of forming a new joint venture company, to be named FloaTEC, LLC, to provide deepwater and ultra deepwater oil and gas development solutions. To add to the Joint Venture’s offerings, J Ray and Keppel FELS plan to draw upon the purchased patent rights previously owned by ABB for the Extended Tension Leg Platform (ETLP) and Single Column Floater (SCF) designs. Combined with J Ray’s existing SPAR technology and Keppel FELS’ semi-submersible expertise, FloaTEC, LLC will be in a unique position to provide a wide range of solutions for deepwater developments. “We believe that the timing could not be better for this cooperation with our colleagues at Keppel FELS and the establishment of this exciting joint venture…