Services Subsidiary News

Eneti's offshore installation services subsidiary Seajacks UK has signed a vessel reservation agreement with an undisclosed client to transport and install turbines.With mobilization starting in the first quarter of 2027, the contract will be performed by one of the company’s two NG16000X Wind Turbine Installation Vessels currently under construction at Hanwha Ocean (ex-Daewoo Shipbuilding & Marine Engineering) in South Korea. Including mobilization and demobilization, the engagement…

UAE-based AD Ports Group and KMTF (Kazmortransflot), an offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), have signed a deal to launch a joint venture that will provide offshore and shipping services for energy companies in the Caspian Sea.The joint venture will be 51 percent owned by AD Ports Group and 49 percent owned by KMTF. The two companies also signed a deal to pool tanker resources."The joint venture, which will look at investments opportunistically will offer a broad range of services…

Thuraya Telecommunications Company, the mobile satellite services subsidiary of the UAE’s flagship satellite solutions provider, Al Yah Satellite Communications Company PJSC, announced it has launched its new IP-based radio communications solution, Thuraya Push-to-Talk (PTT).Thuraya PTT has been developed with Cobham SATCOM, a provider of satellite communications solutions to the maritime and land markets. The solution will enable users to extend the range of their voice communications…

Abu Dhabi Marine Services “Safeen”, the marine services subsidiary of Abu Dhabi Ports, announces the purchase of two new state-of-the-art tugboats from Damen Shipyards Group aimed at supporting the AED 10 billion] expansion of Khalifa Port, Abu Dhabi Ports’ flagship deep-water port.The purchase of the DAMEN ASD 2411 tugboats was announced at the Abu Dhabi International Boat Show 2018. The contract was signed by Captain Adil Ahmed Banihammad, Acting Chief Marine Services Officer at Safeen, and Pascal Slingerland, Regional Sales Director for Damen Shipyards Group. Delivery of both vessels is due within three months.Captain Adil Ahmed Banihammad…

Funds managed by IK Investment Partners (IK) have entered into an agreement with the Norwegian foundation Det Norske Veritas (DNV), to acquire its subsidiary DNV Petroleum Services (DNVPS), a global leader in fuel management services. Financial details for the transaction were not disclosed. Founded by the Norwegian foundation DNV in 1981, DNVPS is a leading global provider of fuel management services for the maritime and power sectors with customers including ship owners, managers and charterers as well as power plant operators.

Renaissance Services subsidiary, Topaz Engineering, a UAE-based full service ship building, ship repair and engineering services company announced it has completed the delivery of two wind farm support vessels (WFSV) to ASP Work Boats Ltd, part of the global ASP Ship Management Group. David Borcoski, Group MD and CEO of ASP Ship Management Group said: “Topaz Engineering has done an excellent job in completing the construction of our wind farm support vessels and delivering them within the time-frame requested.

Crowley Maritime Corporation’s Vessel Management Services subsidiary has awarded construction contracts to Gunderson Marine of for – in addition to two already under construction – eight Heavy Lift Series 400 x 105-ft.-wide deck barges. Once completed, these barges will handle project work for the offshore energy industry in the Gulf of Mexico and elsewhere and will expand ’s fleet of this type barge to as many as 13 by 2012. Gunderson is the same company that built the first three barges in the series – the Marty J, 455-2 and 455-3 (now the Julie B) – all of which were delivered last year. Under construction are barges 455-4 and 455-5, which are scheduled for delivery in the first and second quarters respectively.

Seabulk International, Inc. 2001. current quarter were up 10% from $81.6 million a year ago. services business and its domestic tanker business. Revenues from Seabulk Offshore, which operates a fleet of 142 offshore energy support vessels, rose 31 percent year-over-year to $51.1 million from $39.1 million and accounted for 57 percent of total revenues. Operating income from Seabulk Offshore totaled $13.0 million, a nearly three-fold increase from $4.6 million a year ago. Utilization was 83% against 90% in the second quarter and 76% in the year-earlier quarter. quarter and 86 percent in 2000. second quarter and 85 percent a year ago. rates firmed while utilization remained steady. third quarter of 2000, when they operated an additional tanker which has since been scrapped.

BMT Defence Services Ltd, a subsidiary of British Maritime Technology Ltd (BMT), the multi-disciplinary engineering and technology consultancy, has today acquired Bertram Martin Consulting Ltd (BMC), the engineering investment appraisal and cost modelling consultancy. BMC is well known throughout the defence industry for its work in forecasting the through-life costs of major design and procurement projects and appraising potential research and development investments. It has also applied this expertise to the offshore industry. BMC will become a business unit of BMT Defence Services, the naval engineering and design services subsidiary, reporting to Managing Director Andrew Tyler.

Stolt Offshore S.A. announced unaudited results for the second quarter and six months ended on May 31, 2004. "Stolt Offshore's turnaround is now well advanced. The Group now has the financial resources to compete effectively in its chosen markets thanks to a much improved balance between equity and debt. Furthermore, 45 project wins, with a total value of $1.2 billion in the first half of 2004 underlines that Stolt Offshore not only has made strong progress in winning profitable contracts but is transforming its earnings base and moving on from the period dominated by legacy projects. Looking ahead, the management team is focused on delivering sustainable profits.

Crowley Maritime Corporation has announced the appointment of Robe Grune to the position of vice president and general manager of Crowley’s newly formed ship Assist and Escort Services based in Seattle. Grune is responsible for profit and loss for the Ships Assist and Escort Services group and reports directly to Tom Crowley, Jr., chairman, president and CEO of Crowley Maritime Corporation. Crowley announced the reorganization of its Crowley Marine Services subsidiary into three distinct operating groups in October, including Energy and Marine Services, Ship Assist and Escort Services and Petroleum Services. With present operations in San Diego…

Crowley Maritime Corporation announces the appointment of Bruce Barto to vice president and general manager of its newly formed Petroleum Services group based in Seattle. Barto has profit and loss responsibility for Petroleum Services and reports directly to Tom Crowley Jr., chairman, president and CEO of Crowley Maritime Corporation. Reporting to Barto are Bruce Harland who has been promoted to director, operations and will be relocating from Houston to Seattle; Jim Dwight, sales manager, Alaska; Royal Harris, manager, pricing; Chris Dugan, sales manager, oil transportation; and Hugh Stepaniuk who has been promoted to director, finance.

Crowley Maritime Corporation announced the appointment of Robe Grune to the position of Vice President and General Manager of Crowley's newly formed ship Assist and Escort Services based in Seattle. Grune is responsible for profit and loss for the Ships Assist and Escort Services group and reports directly to Tom Crowley, Jr., chairman, president and CEO of Crowley Maritime Corporation. Crowley announced the reorganization of its Crowley Marine Services subsidiary into three distinct operating groups in October, including Energy and Marine Services, Ship Assist and Escort Services and Petroleum Services. With present operations in San Diego…

GlobalSantaFe Corporation reported net income for the quarter ended March 31, 2002, of $77.1 million, or $0.33 per diluted share, on revenues of $464.0 million. This compares to net income of $40.7 million, or $0.34 per diluted share, on revenues of $274.8 million for the quarter ended March 31, 2001. The 2001 financial results reflect only historical Global Marine, prior to the merger that formed GlobaSantaFe, so some comparisons to these results may not be meaningful. Santa Fe International into an industry leader," GlobalSantaFe President and CEO Sted Garber said. recording operating income of $97.5 million. largely insulated from the comparatively weak U.S. Gulf of Mexico drilling market.

Seabulk International, Inc. has reported a net loss of $4.4 million or $0.41 per diluted share for the quarter ended June 30, 2002. In the year-earlier period, the company had net income of $2.7 million or $0.25 per diluted share. Revenues of $81.6 million in the current quarter were down 11 percent from $91.4 million a year ago, due primarily to reduced demand and lower day rates for the company's offshore vessels in the important Gulf of Mexico market. Operating income of $8.5 million was down from $18.9 million earned in the second quarter of 2001. The Company also announced that it would revise both its first quarter 2002 and its…

Maritime Corporation's Vessel Management Services subsidiary has signed a contract with VT Halter Marine Inc. and Dakota Creek Shipyards to build three articulated tug-barge (ATB), 330,000-barrel tank vessels, the largest in the company's history and the fastest in their class. The new vessels will be delivered in yearly intervals between the second half of 2011 and the first half of 2013. VT Halter Marine will construct the barges, which will have 78 percent more capacity than Crowley's 650-class vessels (185,000 - barrel capacity) in its shipyard in Pascagoula, Miss. Dakota Creek will build the 16,320-horsepower tugs in its Anacortes, Wash., shipyard. Once received, the three new Jones Act ATBs (Legacy/750-1, Legend/750-2 and Liberty/750-3) will be operated in the U.S.

Seabulk International, Inc. announced the appointment of Larry D. Francois as President of Seabulk Offshore, the Company's offshore marine services subsidiary, effective immediately. Mr. Francois, who most recently served as Area Manager of domestic offshore marine operations for Tidewater Inc., will also become a corporate Senior Vice President, reporting directly to Chairman, President and Chief Executive Officer Gerhard E. Kurz. In his new positions, Mr. Francois will have executive responsibility for the Company's worldwide offshore operations. "We are pleased to welcome Larry to the Seabulk management team," commented Mr. Kurz. "He is a well-known figure within the maritime industry and has extensive experience in all phases of the offshore business, both domestic and international.

Crowley Maritime Corporation announced that has reorganized its Crowley Marine Services subsidiary into three distinct operating groups – ship assist and escort services, petroleum services, and energy and marine services. Steve Peterson, senior vice president and general manager, is now managing energy and marine services and will relocate from Jacksonville to Seattle. Rob Grune, vice president and general manager, is managing ship assist and escort services and Bruce Barto, vice president and general manager, is directing Petroleum Services, also from Seattle. Each of these individuals reports directly to chairman, president and CEO, Tom Crowley Jr., and has profit and loss responsibilities for their groups.

Marine Transport Corporation announced that David Roggenbeck has been appointed Director of ATB operations effective February 1. distribution and transportation services segment. office. He will report to Vic Goldberg, Vice President of Ship Management. Operations and Captain Igor Loch, Manager, ATB Operations. construction. three of which have been placed into service on the U.S. West Coast by Marine Transport subsidiary Intrepid Ship Management. sister vessels on the West Coast. Roggenbeck joined Crowley in 1979 as a Port Engineer. supervision of Crowley's oil barge operations. vessels serving the South American and Caribbean trades.

Cummins Marine's recently introduced QSK60 engines are finding a ready market in the 2,000 hp plus range in both Europe and North America. This spring the sale of two more QSK60s was announced for a Z-drive tug building at Thoma-Sea Boatbuilders in Houma, La. Designed by well-know Louisiana-based naval architect Frank Basile's Entech and Associates Inc., the 104 by 36-ft. boat will have a 17-ft. molded depth. Tankage provides for over 90,000 gallons of fuel, 10,000 gallons of potable water and 500 gallons of lube oil. The two Cummins QSK60 main engines will each produce 2,200 continuous-duty hp at 1,800 rpm. The engines will drive Rolls-Royce US 205 Z-drives. The drives have 2150 m/m propellers in nozzles. Ship power will be provided by two Cummins 6BT5.9 powered 75 kW generator sets.

The Pacific Reliance and 185,000 - bbl tank barge 650-1 (shown here) were christened in March of 2006. The tug for the second vessel of this type - the Gulf Reliance - has been delivered, while barge 650-2 is scheduled to be completed and delivered in the fourth quarter of this year. Newly ordered vessels are expected to bring Crowley's ATB fleet to 14 by the end of 2010. Crowley Maritime Corporation's Vessel Management Services subsidiary has signed a contract with VT Halter Marine Inc. to build four more articulated tug-barge (ATB), 185,000-barrel tank vessels. The new vessels will have an estimated delivered cost of approximately $236 million, including owner-furnished equipment. The vessels will be delivered in six-month intervals between the first half of 2009 and the end of 2010.

Caspian Services’ subsidiary Caspian Services Group Ltd., has signed a contract to provide three vessels to Reservoir Exploration Technology ASA (RXT), a marine geophysical company specializing in multi component seismic sea-floor acquisition. RXT recently signed a letter of intent with Agip KCO to conduct a four component 3D seismic survey over the extensive Kashagan field. Caspian Services will add two additional shallow draft survey/work vessels to its fleet to service this contract. These vessels will be drawn from the Rederij Waterweg BV fleet as part of the ongoing partnership between the two marine companies.

Crowley Maritime Corporation announced that its marine services subsidiary has chartered the Valor, a newly built, 100-ft., Z-drive harbor tug from BayDelta Maritime, Inc., for use in the company's ship assist and tanker escort business in the Pacific Northwest. The tug, built by Nichols Brothers Boat Builders, Inc., in Langley, Wash., was christened July 21 and delivered to Crowley on Saturday. Crowley will also lease the Valor's sister tug, Vigilant, from BayDelta when it is completed at the Nichols yard in November. The Vigilant will be stationed at Tesoro Alaska Company's Nikiski, Alaska refinery in Cook Inlet on a year-round basis. The powerful boat will be strengthened for ice and severe winter conditions found there.