Ultra-Deepwater Cajun Express Contract
Transocean Ltd. (NYSE:RIG) announced that the Board of Directors of Petroleo Brasileiro S.A. (Petrobras) has approved the award of a three-year contract for the ultra-deepwater semisubmersible rig Cajun Express for operations in Brazil. Petrobras has the right within one year of contract execution to convert the three-year contract to a five-year contract. Estimated contracted revenues related to the three-year contract term and five-year contract term, if elected, are approximately $558.5m and $894.3m, respectively, depending on the date of execution of conversion. Estimated contract revenues represent the maximum amount of revenues that may be earned in the firm contract period, excluding revenues for mobilization, cost escalations, customer reimbursed equipment and miscellaneous adjustments. The contract term is expected to commence in the first quarter of 2010 following the completion of the rig's current contract. The approved contract is expected to be executed by subsidiaries of Petrobras and Transocean at least 90 days prior to the rig's arrival in Brazil.
Transocean's Latest Fleet Update
The company's update includes new contracts, significant changes to contracts, & changes to estimated times out of service. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The value of new contracts or extensions since the January 17
Outstanding Passenger Vessels
Dinner Cruise Vessel Boasts Mega-Yacht Style Measuring 175 ft. in length, dinner cruise vessel Starship was recently delivered to Starship Cruise Lines of Biloxi, Miss. Boasting a mega-yacht style, the vessel was designed by Naval Architects Dejong & Lebet of Jacksonville, Fla., and constructed by Freeport, Fla.-based Freeport Shipbuilding. Plachter-Vogel Design provided interior architecture. USCG-Certified under Subchapter K for 600 passengers, plus 30 crew
Good Samaritan, USCG Rescue 1 near Grand Isle
A Good Samaritan and a U.S. Coast Guard boatcrew rescued one person from the water 19 miles offshore Grand Isle, Friday. Watchstanders at the 8th Coast Guard District command center received a 406 emergency position indicating radio beacon for the shrimping vessel Andy & Johnny Jr. Coast Guard Sector New Orleans established radio communications with the distressed vessel and issued an Urgent Marine Information Broadcast.
Hapag-Lloyd's New Set-up in Mediterranean
As one of the top global carriers Hapag-Lloyd offering a comprehensive service network have announced their new service Turkey Israel Express. Furthermore Levante Express and Adriatic Express Service will offer an enhanced service to meet your requirements. The first voyage of the Turkey Israel Express will commence with the MV “Flintercoast” voyage 001EB / DP 94100, ETD Mersin, Turkey May 5, 2015
Jeremy Nixon is CEO of ONE Ocean Network
The management of the new company, Ocean Network Express Holdings (ONE) - the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) was unveiled. The existing NYK Line chief executive Jeremy Nixon named as the chief executive of ONE. Nixon has been chief executive of NYK’s liner division since 2012
Napa, ABS Team on Safehull Express
The ongoing collaboration between Napa Ltd and ABS has culminated in the recent release of a new version of SafeHull, called SafeHull Express. SafeHull Express is used for the design and assessment of ship structures in accordance with the ABS rules. The new and upcoming versions of ABS SafeHull Express are based on NAPA technology and functions, developed through cooperation between Napa Ltd and ABS Americas. The joining of forces has resulted in the integration of a complete initial
Yacht Express Makes Debut Down Under
Dockwise Yacht Transports’ (DYT) newest ship, the 687.5-ft. (209 meter) Yacht Express, is due to arrive in next week. The largest vessel of its kind in the world, Yacht Express was purpose-built with a semi-submersible dock bay that allows yachts of any size to be safely floated on and off as cargo. The ship made its maiden voyage from , , to , in April with a mostly-megayacht load worth $154m. Twenty-five of the vessels will unload in while eight will remain in transit
Greyman Express Launched
China’s COSCO Guangdong Shipyard today launched Greyman Express, the sixth newbuilding livestock carrier to be constructed for Dutch company Vroon at this yard. Four newbuilding livestock carriers have already been delivered to Vroon and have entered service. The fifth vessel, Gloucester Express, will be delivered later this year, with the final two vessels - Greyman Express and Gudali Express – joining the fleet in 2016.
Seaward Services Concludes 15-year Westpac Express Work
Seaward Services, an HMS Global Maritime company, recently marked the end of a 15-year working relationship with Austal on the Westpac Express project. Seaward Services was awarded a contract in 2001 to provide operations, maintenance and technical management. Effective June 1, 2016, while another company has taken over the charter of the vessel, Seaward Services will continue its operations, maintenance and technical management of the Westpac Express.
CMA CGM: Indian Sub-continent Service Enhancement
To better respond to our customers’ needs in the dynamic East Africa market, CMA CGM will upgrade and broaden its service offering connecting India and Middle East Gulf to East Africa. Starting 15th November 2017, CMA CGM will offer an additional product to East Africa, a direct service to Mozambique, an improved connectivity for Europe, North America origins and increased export East Africa capacity:
APL Adds Eagle GO to Suite of Eagle Guaranteed Services
As the Trans-Pacific trading season heats up, APL today launched the new Eagle GO Guaranteed product. A first-of-its-kind ocean freight guarantee, it promises equipment and vessel space on board all APL’s North America-destined services that directly call Shanghai, Ningbo and Yantian in China; as well as Cai Mep in Vietnam. “APL’s Eagle GO Guaranteed seeks to address the concerns of equipment and vessel space shortages as the Trans-Pacific trading season goes
ZIM Seven Stars Express Service to Add a Kaohsiung Call
ZIM is pleased to announce that starting November 2017, ZIM’s popular Seven Stars Express Service (Z7S) will add a call in Kaohsiung, Taiwan, offering unique advantages to customers, said a company press release. The service includes: Direct access to New York Maher terminal, Unique product linking Kaohsiung and Wilmington, NC, Fast transit time from Wilmington and Savannah; A premium product for USA exports to Taiwan, Calling Terminal 5, Pier 77/78 in Kaohsiung
Venkatraman Sheshashayee Resigns as CEO of Miclyn Express
Venkatraman Sheshashayee (Shesh), Chief Executive Officer of Miclyn Express Offshore (MEO), will relinquish his position at the end of March 2018. Shesh joined MEO in 2014. He was responsible for the promotion, development and extension of the business of the Group as well as the overall management of the Group’s operations. Shesh’s intention was to serve as CEO for three years and thereafter pursue non-business interests
Largest Ship to Visit US East Coast Calls Savannah
The largest containership ever to serve the U.S. East Coast, the 14,414 TEU CMA CGM Theodore Roosevelt, called the Port of Savannah on Friday. Working the vessel with seven cranes at the 1,200-acre Garden City Terminal, the Port of Savannah is expected to move 4,500 containers (approximately 8,000 TEUs) on and off the ship. The GPA will work six other vessels simultaneous to the Roosevelt. “Not only do these massive ships play to Savannah's strengths
CMIT Welcomes Vietnam PM
Vietnam’s Prime Minister Nguyen Xuan Phuc visited Cai Mep International Terminal (CMIT) on July 21st, becoming the first container terminal in the Cai Mep area, part of Saigon Port, to receive the Vietnamese Head of State. CMIT is a joint venture between APM Terminals, which holds a 49% share, Vietnam National Shipping Lines, with a 36% share, and Saigon Port, with a 15% share.
ESPS Rayo Conducts Maritime Training in Djibouti
EU Naval Force warship ESPS Rayo conducted Local Maritime Capacity Building (LMCB) training in support of the Djiboutian Coast Guard, during her port visit to Djibouti on 30 August. The training began with a briefing on board ESPS Rayo for the Djiboutian Coast Guard personnel. This was followed by comprehensive training in fire fighting techniques, as well as the use of protective clothing used to safely fight a fire.
Mercator Lines Brings Down the Curtain
Singapore-based Mercator Lines says its judicial manager (JM) has filed an application to wind up the company. "Subsequent to the termination of the Implementation Agreement (IA), the Judicial Manager (JM) held preliminary discussions with several potential investors to explore transferring the Company’s listing status and/or restructuring the Company," said a stock exchange filing.
Singapore: Dredger Sank After Colliding with Tanker, 5 Missing
The divers have recovered two bodies out of the five missing crew of JBB DE RONG 19, following the collision between Indonesian-registered tanker KARTIKA SEGARA and Dominican-registered dredger JBB DE RONG 19 that occurred in Singapore territorial waters at about 12.40am (Singapore time) on 13 September 2017. At the point of collision this morning, 12 crew members were onboard JBB DE RONG 19. Seven were sent to the Singapore General Hospital
Two New Shipping Lines to Hamad
Two new maritime lines are launched from Hamad Port which will enhance Qatar’s trade connections with various ports in China, India, Malaysia, Turkey and Greece, among other countries. Qatar News Agency (QNA) said that both lines will run on a weekly basis. The first line starts in the Mediterranean and will be serviced by with four ships, with a total capacity of 6,000 containers including 400 reefer containers.
Transocean Retires Six Floaters
Transocean announced its intent to retire the ultra-deepwater floaters GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, and Deepwater Pathfinder, and the deepwater floater Transocean Marianas. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner. All six rigs were previously cold stacked. The company will recognize an impairment charge of approximately $1
Indian Navy Commissions Waterjet Fast Attack Craft
INS Tarasa, a Water Jet Fast Attack Craft was commissioned into the Indian Navy by Vice Admiral Girish Luthra, Flag Officer Commanding-in-Chief, Western Naval Command at the Naval Dockyard, Mumbai on 26 September 2017. At an impressive commissioning ceremony, Vice Admiral Luthra expressed confidence that the new INS Tarasa will discharge her duties with élan and resolve, and bring laurels to the Western Naval Command and the Nation.
BrasFELS Delivers Fifth FPSO Project for MODEC
Keppel Offshore & Marine's (Keppel O&M) wholly owned subsidiary Keppel FELS Brasil's BrasFELS shipyard in Brazil has delivered the Cidade de Campos dos Goytacazes MV29, a Floating Production Storage and Offloading (FPSO) vessel, to repeat customer MODEC Offshore Production Systems (Singapore) Pte. Ltd., an EPCI arm of the MODEC, Inc. group (MODEC). The FPSO was completed safely, on time and within budget, and departed the shipyard recently for the Bananal Bay in Brazil
CMA CGM Launches Morocco Express
The CMA CGM Group, a leader in container shipping, is launching an innovative offer to connect Morocco more quickly to Europe: Morocco Express 1/2/3. This service is an extremely competitive alternative to road transport transiting through Spain thanks to its reliability and to the reduction of the environmental footprint. The first departures are scheduled simultaneously on 21 October in Tangiers and Marseille with 3 different rotations for optimized service
Austal Secures Contract for High-speed Ferries
Austal has announced a milestone contract, valued at €126 million (A$190 million), to design and build two 117 metre high-speed vehicle passenger trimaran ferries for long term customer Fred Olsen S.A. of the Canary Islands, Spain. The aluminium trimarans, designed by Austal Australia, will be the second and third trimarans to be delivered to Fred Olsen S.A. who already operate the world’s first and largest trimaran vehicle passenger ferry