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Offshore Oil Field Services News

20 Aug 2013

Maritime Speciality Lending Firm Launched by KKR

KKR has formed Maritime Finance Company, a new specialty $580-million company created to lend to the maritime industry & fill void left by exit of traditional lenders. Led by former Helios Advisors partners Kristan Bodden and Gabriel Tolchinsky, Maritime Finance is an asset-based lender focused on maritime assets in the offshore oil field services and traditional shipping sectors. The Company will originate, structure, underwrite, invest in and distribute debt financings secured by high-quality maritime assets, including drilling rigs, development and production assets, subsea construction vessels and other traditional shipping assets.

21 Jun 2012

Malaysian Offshore Operator's Newbuilding Program

Malaysia-based offshore oil field services provider, Bumi Armada Berhad (“Bumi Armada”), announce  its newbuild programme, ’Steel on Water 2’ Bumi Armada Berhad has issued a Letter of Intent (“LOI”) for four Multi-Purpose Platform Support Vessels (“MPSV”), with an option to build four additional units. This newbuild programme follows fast on the heels of the company’s ‘Steel on Water 1 Programme’ of 20 newbuilds which were all successfully delivered by 2010. The LOI was issued by Bumi Armada Bhd, to Nam Cheong Dockyard Sdn Bhd for the construction of the first four diesel-electric propulsion system, DP2″ MPSVs. The four MPSVs will cost approximately USD 130 million (excluding owner furnished equipment) and are expected to be delivered in the second quarter of 2014.

20 Jun 2007

CDL to Launch Tugboat

Colombo Dockyards Limited’s (CDL) launch of the Anchor Handling Tug a boat, built for Great Ship (India), is scheduled to take place next week, reported the Daily News. CDL had invested much resources to modernize the previous repair dock No. 2 to a shipbuilding dock with increased tonnage and widening of the entrance to handle beamer ships, which is at the Colombo Port. This is the first of the two Anchor Handling Tug Supply Vessels (AHTSV) with a 80 Ton Bollard Pull capacity for Greatship (India) Limited, a wholly owned subsidiary of one of India’s largest private sector shipping companies, the Great Eastern Shipping Company, who are in the business of providing offshore oil field services catering to the oil and gas E&P domain.