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Announces Completion

Govan Yard Under The Gun

BAE Systems Plc warned that future employment prospects at its Govan shipyard near Glasgow are wholly dependent on new orders being won. The group was announcing completion of the $3.6 million rescue acquisition of Govan from Norway's Kvaerner agreed in July. BAE has agreed a 20 year lease of the land and buildings in a joint deal with port services group Clydeport Plc, which will own the site.


STELLA B1 Well Flow Test Completed

04 Stella North Drill Centre Manifold Installation Operations (149)

  Ithaca Energy Inc. announced completion of flow test operations on the third development well on the Stella field, with the well achieving a flow rate of 12,492 barrels of oil equivalent per day. Well 30/6a-B1Z (“B1”) is the third development well drilled on the Stella field.  The well was drilled to a total measured depth subsea of 16,185 feet, with a 2,147 foot gross horizontal reservoir section completed in the Palaeocene Andrew sandstone reservoir


Genco Shipping to Acquire Six Drybulk Vessels

Genco Shipping & Trading Limited announced that it has agreed to acquire six drybulk vessels with an average age of approximately 2 years from affiliates of Evalend Shipping Co. S.A. for an aggregate purchase price of approximately $336m. The acquisition is subject to the completion of customary additional documentation and closing conditions. Genco plans to finance the acquisition through borrowings under its $1.4b revolving credit facility.


DryShips Completes Registered Direct Offering

Courtesy DryShips Inc.

DryShips Inc.announced that it has completed the previously announced registered direct offering of 100,000 newly designated Series E-1 and E-2 Convertible Preferred Shares and Warrants, in which the Company raised gross proceeds of approximately $100.0 million since commencing the offering, pursuant to the prospectus supplement filed on November 17, 2016. Following the completion of the offering, the Company has approximately 33,806,733 common shares outstanding


Neptune Orient Lines Sells Logistics Business

Photo: APL Logistics

Neptune Orient Lines sells APL Logistics to Kintetsu World Express   Neptune Orient Lines Limited (NOL) announced that it has completed the sale of its logistics business, APL Logistics Ltd (APLL), to Kintetsu World Express, Inc. (KWE) for an aggregate purchase price of $1.2 billion, subject to adjustments for the net cash and net working capital of APLL and its subsidiaries as at the completion date.   NOL said it will announce the final purchase price after such adjustments


PortMiami Dredging Clears Way for Mega Ships

Dredger in PortMiami (Photo: Port Miami)

PortMiami Deep Dredge gives businesses the infrastructure necessary for growth The completion of the PortMiami deep dredge project, which deepens the port’s main harbor channel from 42 feet to a depth of 52 feet to accommodate Post-Panamax ships, was announced by Florida Governor Rick Scott. Of the total $220 million cost for the channel deepening, the state of Florida invested $112 million and Miami-Dade County invested $108 million


Entertainment Cruises Plans Cruise Boat Renovation

Spirit of New Jersey Schedules $1.5 Million Renovation for Completion in Spring 2012.   Entertainment Cruises, the largest harbor cruise company in the United States, today announced that plans are underway for a $1.5 million renovation of the Spirit of New Jersey, scheduled for completion in time for the spring/summer season. It will feature quality improvement initiatives aimed at modernizing the vessel and providing a fresh and trendy dining and entertainment experience.  


Vitol Buys Stake in Sargeant Marine

  The Vitol Group and Sargeant Marine, an asphalt trading, storage and transportation business, announced that Vitol will acquire a 50 percent interest in Sargeant Marine for an undisclosed sum.   Sargeant Marine comprises a global trading operation, which distributes asphalt to customers worldwide, and two terminals in Rotterdam, Netherlands and Constantza, Romania.   On completion, it is anticipated that the new, combined business will trade circa 1


Canyon’s Quest ROV Awarded Drill Support Contracts

Canyon Offshore, Inc., has announced that it has been awarded drill support contracts on board the drilling rig Rowan Midland for its new electric Work Class ROV, Quest #3. In June, Canyon mobilized the new built Quest #3 on board the rig for Energy Resource Technologies, Inc. (ERT) to support ERT’s re-entry well work on East Cameron block 374. Upon completion of the ERT contract, Canyon will provide ROV services to Remington Oil & Gas at East Cameron 377 to support drilling and completion


NGSS Completes Acceptance Trials on USS Ronald Reagan

Northrop Grumman Corporation announced that the nation's newest and most advanced nuclear-powered aircraft carrier, Ronald Reagan (CVN 76), has successfully completed acceptance sea trials. The Reagan is the ninth Nimitz-class carrier built by Northrop Grumman's Newport News sector. The acceptance trials are conducted with representatives of the U.S. Navy Board of Inspection and Survey for testing and evaluation of the ship's systems and performance.


Hatenboer-Water Reverse Osmosis Units For Diving Support Barges

Photo courtesy of Hatenboer-Water

Holland Shipyards has asked Hatenboer-Water to supply two Tethys reverse osmosis (RO) water treatment  units for diving support barges scheduled to be deployed along the Gabon coast. The order marks the first project for Tethys, the new Hatenboer-Water standard water maker series for


Fugro Continues IMR Work for Petrobras

Fugro Aquarius (Photo: Fugro)

Fugro said it has been awarded a further two-year contract by Petrobras to provide inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil. Operations commenced in May 2017. The new award follows Fugro’s completion of an initial 12-month contract for the oil


K Line, MOL, NYK Announce Container Business Merger

Containership MOL Commitment. Photo: Mitsui O.S.K. Lines

Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK)  announced the establishment of a holding company and an operating company, for the integration of the three companies' container shipping businesses


Keppel Bags $85 Mln Conversion and Repair Projects

Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly owned subsidiary, Keppel Shipyard Ltd (Keppel Shipyard), won four contracts worth a total of $85 million for the conversion, repair and modification of vessels.  


SBM Offshore Awarded Liza FPSO Contract

SBM Offshore said it has secured contracts from ExxonMobil to construct, install, lease and operate a floating production, storage and offloading vessel (FPSO) for the next phase of the Liza project in Guyana.    The contracts follow completion of front-end engineering studies and the


Noble Drillship Bags New Contract

Noble Bob Douglas. Photo: Noble Corporation

 Noble Corporation has been awarded new contracts for one of its drillships under which the unit will operate in the U.S. Gulf of Mexico and later Suriname.   The 2013-built drillship Noble Bob Douglas has been awarded a contract with Murphy Oil


World's Largest Hybrid Ferry gets Rolls-Royce Power

The Bergen B33:45. (Image: Rolls-Royce)

Rolls-Royce announced that it received an order for four B33:45L diesel engines to power the world’s largest hybrid ferry being built for the Norwegian cruise and transport company Color Line.  The ferry, designed by Fosen and to be built at Ulstein Verft in Norway


Ecoslops, Total Plan Micro-refinery in La Mède

Ecoslops, a company that upgrades ship-generated hydrocarbon residues, or “slops”, into valuable new fuels and light bitumen, said is has signed an agreement with TOTAL Group to set up a maritime transport induced oil residue waste-processing unit at La Mède


SEACOR Marine Holdings Begins Trading on NYSE

Photo: SEACOR

SEACOR Holdings Inc. has announced the completion of the spin-off of SEACOR Marine, finalizing the transition to SEACOR Marine’s status as an independent public company. Until this point a subsidiary of SEACOR, SEACOR Marine attained full independent status yesterday, June 1, 2017


Golar FLNG Nearing Completion

Golar'LNG says that the FLNG Hilli Episeyo conversion is nearing completion. "The conversion of Hilli Episeyo is progressing to a tight but achievable schedule," said a company statement.   All equipment has been installed and testing and precommissioning work is underway and will


New Real-time Maritime Tracking Service

© ET1972 / Adobe Stock

exactEarth Ltd , provider of Satellite AIS data services announces the launch of exactView RT powered by Harris (exactView RT) – the world’s first global, persistent real-time Satellite AIS service. This capability is expected to enable a wide variety of new service capabilities for


SeaBird in Debt Restructuring Proposal

Photo: SeaBird Exploration Group

 SeaBird Exploration will propose to its bondholders and certain of its other creditors a debt restructuring of the SeaBird group that if successfully completed will facilitate a comprehensive restructuring of the group's balance sheet.  


VT Halter Building New Blast and Paint Facility

Image: VT Halter Marine

VT Systems’ shipbuilding arm VT Halter Marine said it has begun construction of a new state of the art integrated blast and paint facility, effective April 17, 2017.   The new facility at VT Halter’s Pascagoula, Miss. shipyard will allow the complete indoor and environmentally


Lamprell Delivers 9th Jackup Drill Rig to NDC

Photo: Lamprell

Lamprell announced the completion of construction of Al Lulu, the final jackup drilling rig in a series of nine delivered to Abu Dhabi’s National Drilling Company (NDC).   The contract for the NDC Al Lulu rig was awarded in April 2015, one of only three rig orders awarded that year


TechnipFMC wins EPC Contract

Photo:  TechnipFMC plc

TechnipFMC  has been awarded by Zakum Development Company (ZADCO) an Engineering, Procurement and Construction contract (EPC3 project) for a sulfate reduction plant on West Island located offshore Abu Dhabi, United Arab Emirates (UAE).  






 
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