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OFFSHORE BUILDING

Friede Goldman In Deal To Buy Halter Marine

Friede Goldman In Deal To Buy Halter Marine In a deal that will create the U.S.’ most prolific offshore building company, Friede Goldman International Inc. announced plans earlier this week to buy ship builder Halter Marine Group Inc. The agreement is valued at about $220 million calls for each Halter share to be exchanged for 0.4614 share of Friede Goldman.


Anything but Standard: Damen Newbuild and Repair Group Targets Global Growth

 Damen’s repair and conversion yard in Schiedam.

From a single newbuild and repair yard near Rotterdam in 1927, the family-owned Damen Shipbuilding group has expanded to 38 shipyards and related companies involved in new construction as well as repair and maintenance activities. Now with more than 8,000 employees and a presence in 34 countries, the Netherlands-based Damen group has become one of the world’s most successful shipbuilding businesses, thanks largely to its production methods and ever-expanding design portfolio.


Gulf Capital Acquires Stake in Maritime Industrial Services Co.

According to Rigzone, Gulf Capital has acquired, as part of a large investment consortium, a 21% stake in Maritime Industrial Services Co. (MIS) was acquired as part of a larger private placement that raised $80 million for MIS on the Norwegian over the counter (OTC) market. The private placement will enable MIS, which provides a fully integrated onshore and offshore engineering, procurement, fabrication, construction and shipyard service


Keppel Wins $230m in Ship Contracts

Keppel Singmarine Pte Ltd (Keppel Singmarine), the wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), won four contracts worth $230 m to build six offshore support vessels (OSV) and a derrick pipelay vessel. Delivery dates for these vessels are expected between the second half of 2009 and the first half of 2010. This is the first time that Keppel Singmarine is building a derrick pipelay vessel, and for a new customer, Global Offshore International Ltd (Global Offshore)


Aqualis Offshore Lands Study Job for LNG Barge

Offshore marine and engineering consultancy Aqualis Offshore, part of Oslo-listed Aqualis ASA, has been contracted by Gas Entec Co. Ltd to provide an engineering study of a new-build LNG barge that will operate offshore the U.S. The contract value is undisclosed.    Aqualis Offshore’s work scope is to provide a Failure Modes and Effects Analysis (FMEA) study for Control and Alarm Monitoring System (CAMS), Emergency Shutdown System (ESDS)


Shell Bolsters Offshore Wind Interests with Bid in U.S. Tender

Royal Dutch Shell has been shortlisted by the U.S. government to make a bid for an offshore wind project licence in the waters off North Carolina, as it comes under pressure from shareholders to diversify into green energy. Shell, as well as Norway's Statoil, qualified to participate in the upcoming leasing round offshore Kitty Hawk, the U.S. interior ministry said on Tuesday. The lease award is set for March 16.


Daewoo wins $430m Contract to Build Drill Ship

Daewoo Shipbuilding Marine & Engineering Co., won a $430m order to build an offshore drill ship. The deal from Odfjell Invest Ltd. calls for Daewoo Shipbuilding to deliver the semi-submersible ship by June, 2010, the company said. Daewoo Shipbuilding said that the deal includes an option to build another drill ship. The company won a total of $4.3 billion worth of orders in 2006 to build offshore facilities such as platforms and rigs


Offshore Construction Vessel Goliath Delivered

One of the world’s largest multi-purpose offshore construction vessels (OCVs), the OSA Goliath, built for Singapore-based Coastline Maritime, has been built to ABS standards. The unit is 590 ft by 39.5 ft with a deadweight of 22,000 tons. It is equipped with a dynamic positioning rating of DP-3 and features a 2,000 ton crane that can be used to install offshore platforms, deepwater pipelines and offshore wind turbines


Keppel Secures B Class Jackup Rig Order

Keppel-logo.jpg

Keppel FELS Limited (Keppel FELS) has secured a contract with Vision Drilling Pte Ltd (Vision Drilling), a wholly-owned subsidiary of Dynamic Offshore Drilling Limited (Dynamic Offshore Drilling), to build its first KFELS B Class jackup drilling rig for US$180 million. Slated for delivery in 1Q2013, the rig will be able to operate in water depths of 350 feet with a drilling depth of 30,000 feet and accommodate 120 men.


OSD Seals Ten New PSV Orders

IMT-982 PSV depiction.

Offshore Ship Designers has sealed ten new design contracts for large diesel-electric Platform Supply Vessels for two major offshore operators building at three shipyards in Brazil, Japan and Spain.   Swire Pacific Offshore Operations (Pte) Limited has ordered four IMT-997 Platform Supply Vessels to be built by Universal Shipbuilding Corporation in Japan and four sister vessels to be built at the EISA shipyard in Brazil


Paragon Offshore Comes Out of Bankruptcy

Photo: Paragon Offshore

 Paragon Offshore Group announced that it has emerged from bankruptcy after completing a restructuring that eliminated USD 2.3 billion of debt.   The successor company to Paragon Offshore PLC , which filed for bankruptcy in February 2016 with USD 2


Keppel Posts Lower Q2 Profit, Warns on Rig Outlook

Q2 profit S$161 million versus S$205 million year ago; O&M division net order book at S$3.4 billion.   Singaporean conglomerate Keppel Corp posted a 21 percent drop in its quarterly profit and warned it did not expect a speedy recovery in the offshore and marine market.  


Seacroft Hires Pearce as Engineering & DP Manager

Richard Pearce (Photo: Seacroft Marine Consultants)

Aberdeen-based Seacroft Marine Consultants said it has appointed Richard Pearce as Marine Engineering and Dynamic Positioning (DP) Manager, as the firm looks to develop more specialized offshore marine projects.   Pearce brings to the role 16 years’ experience in engineering and


Standard Club Establishes New Offshore Advisory Committee

Logo: The Standard Club

 The Standard Club is driving developments in offshore P&I with the launch of the Standard Club Offshore Advisory Committee (SCOAC). SCOAC aims to analyse offshore trends, assist the club in further understanding and disseminating industry best-practice and develop new strategies to


Shell Exercises FPSO Turritella Purchase Option

FPSO Turritella (Photo: SBM Offshore)

Shell E&P Offshore Services B.V. will exercise its right under the charter agreement to purchase the floating production storage and offloading vessel (FPSO) Turritella, enabling a Shell affiliate to assume operatorship of the Gulf of Mexico ultra-deepwater Stones development in its entirety.


Höegh LNG, RMU Sign MoU on LNG Capacity Building

Photo: Höegh LNG

 The Regional Maritime University in Ghana (RMU) has signed a Memorandum of Understanding (MOU) with Höegh LNG, a major player in the LNG segment of the maritime industry, for the support and maritime capacity development for both RMU and Ghanaian seafarers.   


First Floating Mega Island Tested

MARINs Olaf Waals pictured with the scale model of a mega floating island in its Offshore Basin in a storm of waves, wind and currents. (Images: MARIN)

Floating ports and cities possible solutions to sea level rise and overcrowded cities    MARIN (Maritime Research Institute) tested an innovative concept for a floating mega island. The island comprises 87 large floating triangles that are flexibility connected to one another


Solstad Farstad Sells 2010-Built AHTS

Far Shogun. Photo:  SolstadFarstad ASA

 Solstad Farstad, which claimed to be the world’s largest OSV firm, has sold a relatively new AHTS vessel Far Shogun, since its formation last month following the mega-merger of three leading OSV companies in Norway.  The 2010-built, 23


S. Korea's Top Three Shipyards Look Bullish

File photo: Hyundai Heavy Industries

 With a slew of contracts to be signed soon  South Korean shipyards are expected to clinch a decent number of new orders during the second half of the year, Yonhap reported quoting  industry sources.  Hyundai Heavy Industries (HHI) and its affiliates have secured a series of


Lundin Extends Contract for Ocean Rig

Image: Ocean Rig

 Ocean Rig UDW, contractor of offshore deepwater drilling services, has announced that Lundin Norway AS, has declared their third option to extend the existing contract of the Leiv Eiriksson.    In addition, Ocean Rig has granted Lundin 2 additional options to drill further wells


Rolls-Royce Inks Service Deal with Siem Offshore, Subsea 7

Photo: Rolls-Royce

Siem Offshore and Subsea 7 have signed a joint three-year service agreement with Rolls-Royce. The agreement covers a total of 74 offshore vessels. This is the first agreement the two Siem owned companies have signed with the same service provider.  


Bureau Veritas Approves Wison's W-FSRP Concept

Photo: Wison

Wison Offshore & Marine said its newly-developed floating storage regasification and power generation barge (W-FSRP) has received Approval in Principle from Bureau Veritas. W-FSRP integrates functions of LNG loading and storage facilities, regasification and power generation.


Samsung Heavy to Cut Its Workforce

File Photo: Samsung Heavy Industries

 South Korea’s shipbuilder Samsung Heavy Industries (SHI) is looking to further cut its workforce,  and have employees return part of their salaries in order to cut costs, according to Yonhap News Agency.   SHI unveiled a self-restructuring program that centers on cutting


GC Rieber Gets Extension for 'Polar Onyx'

Polar Onyx. Photo: GC Rieber

 Norwegian offshore shipowner GC Rieber Shipping has entered into an agreement to extend the fixed contract period for "Polar Onyx," according to a press release.   The agreement secures the ship until the end of August 2017


SolstadFarstad Wins Australian Contract

Image: Left - Far Senator, Right - Far Statesman. Photo: SolstadFarstad ASA

 Norway’s offshore vessel provider SolstadFarstad has secured a contract with Australian energy company Cooper Energy to support drilling operations within the Bass Strait region of Australia.   The contract consists of the  two anchor handling tug and supply vessels - Far






 
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