New Offshore Crane Joint Venture: Palfinger Koch
Palfinger Dreggen and the Brazilian crane manufacturer Koch Metalúrgica have entered into joint venture Palfinger Koch for manufacturing offshore cranes in Brazil. Palfinger Dreggen has concluded an agreement with partner Koch Metalúrgica for entering into a joint venture named Palfinger Koch Montagens Industriais Ltda. for the purpose of joint assembly, testing and commissioning of offshore cranes in Brazil. The joint venture is based on an already existing and successful partnership between Palfinger Dreggen do Brasil, based in Rio de Janeiro, and Koch Metalúrgica, located in Cachoeirinha, Rio Grande do Sul. The agreement will strengthen Palfinger Koch’s ability to successfully deliver high-end offshore cranes with local content to the Brazilian offshore market.
Drillship Contracts Worth US$4-billion Awarded to Sembcorp
Sembcorp Marine secures US$ 4.032 Billion drillship contracts from Sete Brasil. Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiarieshas secured contracts from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of five drillships based on Jurong Shipyard’s proprietary Jurong Espadon drillship design. In addition to the above, Sembcorp Marine had earlier in the year announced that its wholly-owned Brazilian shipyard Estaleiro Jurong Aracruz Ltda secured a US$792.5 million contract for the design and construction of a drillship with Guarapari Drilling B.V., Netherlands, a subsidiary of Sete Brasil.
