Shiprepairing Company News

Following quickly on the heels of an overseas investment deal in Marseilles, Cammell Laird (Holdings) has increased its involvement in the overseas repair and conversion industries by taking a $7.7 million (49%) equity stake in a new holding company along with United States' West Coast shiprepairer Cascade General. This deal has an option for Cammell Laird to take a controlling interest within the next two years. The deal will allow the new company to purchase the repair facility (freehold and docks) at Portland, Oregon, the largest single repair facility on the U.S. West Coast. The facility is currently owned by Portland Port Authority and operated by Cascade General.

Rolls-Royce won contracts for six platform supply vessels (PSV) worth around £45 million, including the first offshore orders from Chile. CBO (Companhia Brasileira de Offshore) has ordered four UT-Design type UT 715 L offshore supply vessel design and equipment packages. The 3,000 tonne deadweight PSVs are to be built by Allianca shipyard near Rio de Janeiro for delivery in 2009 and 2010. The vessels will go straight into long-term charters with the Brazilian state oil company, Petrobras. The other UT-Design contract is from the Chilean shipyard Asnavales (Astilleros y Servicios Navales) S.A, which is to build two UT 745 CD (clean design) supply vessels for an international shipowner.