Foresight Limited News

Principals were in discussions hosted by His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World about the Middle East shipbuilder taking on a number of orders to build 'Le Tourneau Super 116E' drilling rigs for Foresight Limited, as well as other mutual opportunities. Offshore drilling and tankers and multipurpose ships form part of the fleet owned by Foresight Limited and managed from Cyprus. Considering the emerging leadership role of the UAE in the international maritime arena and its rapid evolution into a hub for maritime activity…

COSCO Corp. secures US$170-million order from Talland Navigation Corp. Ltd. for a jack-up drilling rig. COSCO (Dalian) Shipyard Co. Ltd., a subsidiary of COSCO Shipyard Group Co. Ltd., has secured a US$170-million contract from Talland Navigation Limited Corporation, a subsidiary of Foresight Limited (London) to build a jack up rig based on the LeTourneau Super 116E Class design. The new rig will be built to ABS classification, with notation A1, and will be a self- elevating drilling unit, with a drilling depth of up to 30,000 feet ,and will have accommodation for up to 120 persons on board. It will be equipped for efficient operation and layout…