Naila News

Lenders of the troubled marine seismic contractor Polarcus, which last week took control of the company's vessels after a debt payment default, will sell Polarcus' vessels and all the employees will be let go.Banks last week tool control of Polarcus' subsidiaries that own seismic vessels, with the subsidiaries in question being Polarcus Asima AS, Polarcus Alima AS, Polarcus Amani AS, Polarcus Adira AS, Polarcus Nadia AS, Polarcus Naila AS - bearing the corresponding vessels' names,   and Polarcus Shipholding AS.

Portugal’s Navalrocha Shipyard is reporting a flurry of activity in 2020 as it navigates the COVID-19 outbreak and prepares for a packed order book in the coming months.Navalrocha commercial director Sergio Rodrigues said the shipyard had recorded several landmarks during a highly memorable period in its history, completing its first multimillion Euro refit for a seismic survey vessel before managing its first ballast water treatment system (BWTS) installation.The projects were accompanied by a series of other deals involving bunker tankers…

Portugal’s Navalrocha shipyard said it has completed a multimillion-euro repair and refit project for Dubai-based marine geophysical company Polarcus.The drydock project which completed in January 2020 involved a broad package of work to the ultra-modern 14 streamer 3D/4D seismic vessel – Polarcus Naila.The vessel is environmentally advanced with diesel-electric propulsion, high specification catalytic converters, a double hull and advanced bilge water cleaning system.“The Polarcus Naila visited Navalrocha shipyard for a total of 33-days running through the Christmas period…

A pair of newly-built workboats, 26' mooring boats Chbika and Naila, were built to operate in Tangier, Morocco, but were unable to maneuver as required, having particular difficulty running at slow speeds with their original transmissions and ended up failing sea trials. The owner refused delivery of the vessels and told the builder to correct the problem. Unsuccessful after numerous modifications, the propulsion engineer contacted Twin Disc distributor Esco Transmissions. Franck Benoit…

Polarcus Limited today announced the release of its second quarter 2014 financial statements in which it reported revenue rose 13% sequentially and 5% YoY to $137.6 million while. The company highlighted EBITDA of $49.9 million and EBIT of $23.8 million, a net profit increase to $9.2 million, from 6.3 million in Q2 2013, net cash flow from operations of $45.6 million, a strong Multi-Client prefunding of 92% and 30% reduced financing costs YoY with improved maturity profile. Polarcus recorded higher revenue per vessel and improved margins in Q2 2014 compared to Q1 2014…

TGS says it has commenced acquisition of a new 3D multi-client survey in the West of Shetland region.The survey will cover 2,500km2 and will tie into TGS' existing 3D library in the region, bringing the total volume of recent TGS 3D in the area to more than 17,500 km2. The broadband seismic data will be acquired by the M/V Polarcus Naila towing 12 streamers at 6,000 m cable length. Data processing will be performed by TGS using its proven proprietary broadband technology, Clari-FiTM. Initial data will be available to clients in Q4 2014. "TGS is pleased to announce the industry's first 3D data over the Brendan Basin in UKCS Quad 219" commented Stein Ove Isaksen, Senior VP Eastern Hemisphere for TGS. "This confirms our strong presence in the West of Shetland region".

Norway-based TGS, report record high late sales in the fourth quarter of 2013, and inform of four new multi-client surveys: a 3D survey in offshore Northwest Australia, two 2D surveys offshore Madagascar and a 3D survey onshore Alberta, Canada. Based on preliminary reporting from operating units, TGS management expects net revenues for the fourth quarter of 2013 to be approximately USD 270 million, bringing total estimated net revenues for 2013 to approximately USD 882 million.

Systems integrator Alewijnse Marine Systems has been awarded the contract for the full electrical refit of the seismic vessel Polarcus Naila. The ultra-modern, 12 streamer 3D/4D seismic vessel will arrive in February 2014 at the Damen-owned yard Shipdock Amsterdam for a refit scheduled to last 35 days. The refit involves the replacement of the current thrusters. The ship repair and conversion yard Shipdock in Amsterdam has subcontracted the electrical repairs and modifications to Alewijnse Marine Systems…

Ship repair and conversion yard Shipdock Amsterdam, part of Damen Shipyards Group, received a contract for the propulsion upgrade of the 3D Seismic Vessel Polarcus Naila. The ultra-modern vessel will arrive at Shipdockin February 2014 for its six-week conversion. In addition to the propulsion upgrade the vessel will also undergo modification works in order to be classified as a Special Purpose Ship. Furthermore, the scope of work includes Ballast Water Treatment installation, installation of a new workboat and davits, relocation of the MOB and the five-year special survey.

Polarcus Limited received its eighth 3D seismic vessel in June, when Polarcus Adira was delivered at Ulstein Verft in Norway. The vessel is the second of two 12-14 streamer Arctic 3D seismic vessels built at the yard, and is the eighth vessel in the Polarcus fleet of the Ulstein SX134 design, characterized by the sleek Ulstein X-bow hull design. Sistership Polarcus Amani was delivered by the yard at the end of March. Earlier vessels were built under license by Drydocks World Dubai LLC…

The 'CMA CGM MARCO POLO' (16 000 TEU) christened at the Zeebrugge Container Terminal in Belgium during maiden European voyage. The ceremony was performed by 'Godmother', Mrs. Naila Saadé, President of the CMA CGM Corporate Foundation and wife of Mr. Jacques R. Saadé, CMA CGM Group Chairman and Chief Executive Officer. The new 16 000 TEU vessel, owned by CMA CGM, sails under the UK flag. Built by DSME (Daewoo Shipbuilding and Marine Engineering) in South Korea, the ship is 396 meters long, 54 meters wide, with a draft of 16 meters.

Polarcus Limited received its eighth 3D seismic vessel on 21 June 2012 when Polarcus Adira was delivered at Ulstein Verft in Norway. The vessel is the second of two 12-14 streamer Arctic 3D seismic vessels built at the yard, and is the eighth vessel in the Polarcus fleet of the Ulstein SX134 design. The marine geophysical company Polarcus Limited received its eighth 3D seismic vessel on 21 June 2012 when Polarcus Adira was delivered at Ulstein Verft in Norway. The vessel is the second of two 12-14 streamer Arctic 3D seismic vessels built at the yard…

Drydocks World– Dubai delivered a 3D seismic vessel, Polarcus Asima, to Polarcus, a Dubai-based marine geophysical company. Polarcus Asima is the third in a series of six seismic vessels being built at the yard for Polarcus, following the vessels Nadia and Naila. The double-hulled, DP2 class Polarcus Asima incorporates many features to enhance performance with improved safety and comfort elements while ensuring minimum emissions. The 12 streamer vessel has Ulstein SX134 design and is purpose-built for high-end 3D marine seismic operations.

A Marine Evacuation System (MES), consisting of a slide or chute where passengers can evacuate straight into waiting life rafts, can often be found on modern high speed crafts and passenger ships, where weight, space and evacuation times must be kept to a minimum. For the first time, a similar system has now also been developed for Special Purpose Ships (SPS). A close relationship between Norwegian-based Brude Safety AS and Ulstein Design has lead to this new type of space saving MES, designed to fit Special Purpose Ships, such as Offshore Support Vessels (OSVs).