Craig Group Invests £70M in Six Newbuilds

MarineLink.com
Thursday, September 05, 2013
Photo: Craig Group

Family-owned shipping and energy services firm, Craig Group, today announced the investment of £70 million to build six new rescue vessels at the Balenciaga Shipyard in Northern Spain.

Four D class IMT 950 Emergency Response and Rescue Vessels (ERRVs) and two F class IMT 958 ERRVs will be delivered during 2014 and early 2016, replacing existing tonnage in the fleet.

Douglas Craig, Chairman and Managing Director of Craig Group, said, “This significant investment is part of our continued drive to operate the largest and most modern wholly British owned fleet engaged in the U.K. offshore industry.”

The fleet expansion comprises four D Class vessels, complementing the existing four D Class vessels already in service within the fleet. The vessels are 50 meters in length and will be outfitted as a minimum with 1 Daughter Craft and 1 Fast Rescue Craft as well as state of the art survival facilities.

Two F Class vessels will also be brought into service. Slightly larger at 58 meters long with diesel electric propulsion via twin Azimuth Stern Drives, they will also be equipped with Daughter Craft and Fast Rescue Craft as well as being able to transfer and store limited deck cargo and provide offshore locations with fresh water and fuel if required.

Callum Bruce, managing director, of North Star Shipping which is operated by Craig Group said, “We are constantly looking at ways of expanding and modernising our fleet. The new vessels will feature the most up to date technology and designs, meeting our customers’ needs in terms of safety, quality and efficiency.”

More than 160 seafarers’ jobs will be secured as part of the newbuild program which has seen over £230 million invested and 22 new vessels since 2003. The investment also allows North Shipping to continue to support British Shipping by training 80 Officer Cadets on an annual basis.

At present the fleet stands at 36 vessels and includes a mix of Platform Supply, Tanker Assist, ROV Support and Emergency Response and Rescue Vessels.

craig-group.com
 

  • Photo: Craig Group

    Photo: Craig Group

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

Finance

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

Ezra Bags $70m in Offshore Contracts

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division,

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

USCG to Ensure Safety During World Series

The Coast Guard and local agencies are working to ensure the safety of boaters and baseball fans during World Series games at AT&T Park this weekend. The

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

Vessels

COSCO Delivers Bulker

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

Navy to Commission Submarine North Dakota

The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2805 sec (4 req/sec)