Marine Link
Sunday, October 22, 2017

Contract Signed

Rosneft Inks Supply Pact with PDVSA

Russian top crude producer Rosneft and Venezuelan state oil company PDVSA have signed a new contract for supplies of oil and oil products of Venezuelan production, the Russian company said on Monday. The document envisages the supplies of over 1.6 million tonnes of oil and 9 million tonnes of oil products to Rosneft within five years, it added in a statement. Under their first long-term contract, signed in May, the Venezuelan party has already supplied 375,000 tonnes of oil products, Rosneft said. Reporting by Polina Devitt

Khulna Shipyard to Build Two Oil Tankers

According to a report from The Financial Express Bangladesh, United Shipping Line and Global International Limited have ordered two oil tankers from Khulna Shipyard in a contract signed on June 19. The two 230-ft by 38-ft oil tankers will be completed by June 2012.   Source: The Financial Express Bangladesh  

Russian Shipbuilders Sign Large Contracts

According to a Dec. 7 report from Itar-Tass, two new shipyards in Russia’s Primorsky Territory – Zvezda (Star)-DSME and Vostok (East)-Raffles that were laid down just a year ago, have already been engaged with orders. The contracts signed to date include the construction of 47 heavy-tonnage shipbuilding facilities. These are tankers, LNG carriers, floating plants to produce liquefied natural gas, as well as offshore drilling platforms.

Bahri Financed for Two General Cargo Ships

The National Shipping Company of Saudi Arabia (Bahri) will sign a financing agreement with Public Investment Fund (PIF) for 2 newbuildings Bahri is to sign a 'Murabaha Agreement' with Public Investment Fund (PIF). The cash will be used to finance part of the total construction cost of building two General Cargo vessels at Hyundai Mipo Dockyard in South Korea. The value of the financing contract is equivalent to Saudi Riyals 450,000,000 (Four Hundred and Fifty million)

China Shipyards Win US$100-Million OSV Contracts

OSVs in port: File photo

COSCO Corporation (Singapore) Limited says that its subsidiary Dalian and Guandong shipyards in China have won the following offshore vessel construction contracts: 1. COSCO (Dalian) Shipyard Co., Ltd., has secured a contract from an Asian company to build four Emergency Response / Rescue / Field Support Vessels (ERRVs), scheduled for delivery in the first half of 2016. 2. Two shipbuilding contracts signed by COSCO (Guangdong) Shipyard Co

Samsung Heavy Cancels $776.8 mln LNG FPSO Order

Image: Samsung Heavy Industries

 South Korean shipbuilder Samsung Heavy Industries (SHI) has terminated a contract worth a 907.6 billion won ($776.8 million) for the construction of a liquefied natural gas (LNG) floating production and storage (FPSO) unit the shipbuilder signed with an unnamed European buyer back in January 2009.   The South Korean shipbuilder said in a regulatory filing that the order, which came from an unspecified European firm

VTC Gets $6.4m Contract

The upgrade of DGPS stations includes adding capability to use Modernized GPS signals and the additional functionality required for tracking the future Galileo and GLONASS signals without further complex upgrade. The upgrade program will also ensure that the GLA service is compliant with the latest International Maritime Organization (IMO) Resolutions and recommendations from the International Association of Lighthouse Authorities (IALA)

Maersk Supply Ships Q3 2013 Profits Soar

A Maersk OSV: Image courtesy of Maersk

Maersk Supply, a subsidiary of the A. P. Moller-Maersk group, came out of the third quarter of 2013 with a profit of US$76-million, against a profit of US$ 48-million in the same quarter in 2012. Revenue rose from US$ 226-million in the period of 2012 to US$ 240 million. The profit for the third quarter of 2013 improved compared to the same period last year primarily due to higher utilization and lower operating costs.

G E Shipping Reworks Newbuildings Kamsarmax Exposure

Jag Laxmi Photo Greatship

The Great Eastern Shipping Company has entered into an agreement to cancel the new building Kamsarmax which was scheduled for delivery in FY 18 (contract signed in FY 14).   Simultaneously, the Company has contracted for purchase of two newbuilding resale Kamsarmaxes being built at the same shipyard, due to be delivered in Q2 FY 17. The transactions collectively are value accretive. The company also reported of having contracted to sell its 1999 built Aframax ship Jag Laxmi (about 105

Norway’s USN to Upgrade Its Maritime Simulators

The simulator upgrade at the University College of Southeast Norway will support a wider course offering and new R&D projects (Photo: Kongsberg)

The University College of Southeast Norway (USN) has contracted Kongsberg Digital to deliver a major upgrade of its maritime simulator park. The contract, signed on March 16, 2017, includes five new K-Sim ship’s bridge simulators to be delivered during Autumn 2017 in addition to a Long Term Simulator Support Programme (LTSSP), which provides dedicated support services in addition to updates to the latest KONGSBERG simulator software developments.  

India to Push Shipping Sector

The Union Minister for Shipping, Nitin Gadkari. Photo: PIB

 Under the Government of India’s Sagarmala Program to promote port-led development, a master plan has been formulated for the 12 Major Ports.    142 port capacity expansion projects with an estimated cost of  INR 91,434 Crore (USD 14.3 billion) and capacity creation of 884 MMTPA have been identified in this master plan for implementation over the next 20 years.  Out of these, 58 projects with project cost  of approximately INR  28,767 Crore (USD 4

Germany Awards $2.4 Bln Naval Shipbuilding Contract

The German defence procurement agency said on Tuesday it has awarded a contract valued at nearly 2 billion euros ($2.4 billion) to a consortium of shipbuilders led by Lurrsen Werft for five new corvettes to be delivered from 2022 to 2025.   The agency said the contract would give the German navy additional proven warships to keep up with its increased responsibilities within the NATO alliance.   The consortium also includes Thyssenkrupp and German Naval Yards

SEACOR Chooses Kongsberg Hybrid Power Solutions

Photo: Kongsberg

Hybrid power can decrease SEACOR Maya’s CO2, NOx and SOx emissions   A new integrated ‘Full Picture’ technology delivery is set to enable significant operational efficiencies for the MEXMAR owned Platform Supply Vessel (PSV), SEACOR Maya. Mantenimiento Express Marítimo SAPI de CV (MEXMAR) is SEACOR Marine’s joint venture in Mexico, which operates 15 offshore supply vessels. The contract, signed this September for delivery in January 2018

Rosmorport Orders Trailing Suction Hopper Dredger

(Image: Damen)

Damen Shipyards Groupsaid it has signed a contract with LLC Onego Shipyard to build a Trailing Suction Hopper Dredger (TSHD) 2000. The vessel will be built by order of FSUE Rosmorport in Petrozavodsk (the Russian Federation) and will be the sixth dredger built under the design of the Dutch company Damen. The vessel will be delivered to the customer in 2019.   Construction of this new TSHD 2000 will involve Damen Technical Cooperation (DTC); the service that company provides to

Another Tug for Rimorchiatori Riuniti

Photo: Damen

Rimorchiatori Riuniti has taken delivery of a Damen ASD 2913. The new vessel – named Germania – was handed over to the Italian tug operator last week from Damen Shipyards Galati in Romania. The delivery follows Rimorchiatori Riuniti’s order for a second, identical vessel; the contract for which was also finalized at the end of December.   Rimorchiatori Riuniti’s newest addition to the fleet has had some additional extras installed by Damen

Vard design Survey vessel for South African Navy

Vard Marine 9 105 HydrographicOceanographic Survey vessel design Photo Vard Marine

Offering the Vard Marine 9 105 Hydrographic/Oceanographic Survey vessel design, Southern African Shipyards, located in Durban, S.A. has been selected as the preferred bidder for the South African Navy Project “Hotel” program.  This is a continued success for Vard Marine in designing science vessels. Vard Marine partnered with the shipyard to develop a design for the program and the final configuration results in a PC7 ice strengthened vessel of 95M in length with

New Damen Workboat for Bristol Port

Damen Shoalbuster 2308S (Photo: Damen)

The Bristol Port Company has taken delivery of a Damen Shoalbuster 2308S. Modified with several customized options, the vessel will be able to take on a multifunctional role that includes plough dredging, towing, pilotage and survey duties. This is the first contract between Damen and the Bristol Port Company. Construction of the new 23-meter-long Shoalbuster took place at Damen Shipyards Hardinxveld, in the Netherlands

Australian Navy's Electronic Warfare Training

CO HMAS Parramatta, CMDR Simon Howard, CSC, RAN keeps an eye on the situation as the crew of HMAS Parramatta runs through multi-unit warfare simulations conducted out of Systems Training School, HMAS Watson. Photo: Royal Australian Navy

 In a collaborative project with Australian industry, the Royal Australian Navy is extending its use of simulation to electronic warfare training.   A common electronic warfare sensor suite is planned across the future fleet and future electronic warfare sailors need to have the advanced skills to meet upcoming demand.   Minister for Defence Industry, the Hon Christopher Pyne said a contract signed with the Australian company Cirrus Real Time Processing Systems would result

In Demand: Hoegh LNG’s Sveinung Stoehle

The business model: Hoegh LNG president and CEO, Sveinung Støhle. Photo: handout

Satisfied with the recent opening of a new floating LNG import terminal in Turkey plus contract successes in Africa and Asia, Hoegh LNG CEO and president, Sveinung Stoehle, cautiously lets us into his stylish Oslo offices for a bit of “disclosure”. The Hoegh business model is winning out, and now six floating storage and regasification units, or FSRUs, are in operation with four newbuilds on the way. The terminal in Turkey was built in just six months: “It would be years

New Tug Delivered to Targe Towing

Photo: Sanmar

U.K towage company Targe Towing ltd. signed a contract with Sanmar Shipyards for the purchase of tugboat Bogacay 26 two weeks ago.   Bogacay 26 started her maiden journey immediately after the contract signing and arrived Aberdeen last week.   The flag of the vessel was changed at the port with the participation of Sanmar crew, Sanmar Projects Engineer Deniz Dereli and  partners of Targe Towing, Tom Wooley and Nick Dorman.   The vessel has been renamed as Kittiwake.

LNG Price Row between GAIL, Cheniere Looms

File Image (CREDIT: AdobeStock / (c) Fotmart)

India's biggest importer of U.S. liquefied natural gas (LNG) is trying to re-negotiate prices with the U.S. seller, sources said, undermining plans by U.S. President Donald Trump to export more gas to the fast-growing Asian nation.   At a joint news conference with Indian Prime Minister Narendra Modi at the White House this week, Trump said the United States looked forward to exporting more energy, including new major long-term contracts to purchase American natural gas.  

Rolls-Royce to Design, Equip HB Grandi's New Trawler

Photo courtesy of Rolls-Royce

Rolls-Royce informs it has won a contract to design and equip a new Rolls-Royce NVC 375 WP stern trawler for Icelandic fishing company HB Grandi. The 82 meter vessel will process various filet products and has a freezing capacity of 100 metric tons/ 24 hours. It has an approximately 1,600 m3 cargo hold capacity with an additional approximately 700 m3 meal hold. The holds are constructed for palletized cargo. The trawler has a fuel-efficient Wave Piercing hull

India Government Sops for Ship-Repairing Facilities

Indian Prime Minister, Narendra Modi. Photo: PIB

 In order to promote ship building and ship-repair industry in India, the government has formulated a policy of financial assistance for shipbuilding for a period of ten years for contracts signed between 1st April, 2016 and 31st March, 2026.    The Financial assistance at the rate of 20% of the contractual price of a vessel, fair price, or actual payments received by the shipyard is payable after delivery of the vessel and as per the guidelines issued by the Ministry of

ATB Newbuild Delivered to Kirby Corporation

The first of two new ATBs ordered by Kirby Corporation from Fincantieri Bay Shipbuilding (Photo: Fincantieri Bay Shipbuilding)

A second Articulated Tug Barge unit (ATB) Paul McLernan and the 155,000-barrel barge 155-02 for Houston-based tank barge operator Kirby Corporation has been delivered by Sturgeon Bay, Wisc. shipyard Fincantieri Bay Shipbuilding (FBS), a subsidiary of Fincantieri Marine Group.   Following the delivery of the first ATB in the fall of 2016, the recent delivery completes a contract signed in July 2014.   

Teekay Orders Shuttle Tanker Newbuilds

(Image: Teekay)

 On July 27, 2017, Teekay Offshore (TOO) CEO Ingvild Sæther announced the contract signing for two Suezmax-size, DP2 shuttle tanker newbuildings, with options to order up to two additional vessels.   The vessels are scheduled to be delivered in 2019 and 2020 and provide shuttle tanker services in the North Sea in support of Statoil.   The newbuilds will be constructed based on TOO’s new Shuttle Spirit design which incorporates technologies to increase fuel

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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