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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.  


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


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


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


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”


Korea's Top 3 Shipbuilders' Shaky Performance

File Photo: Samsung Heavy Industries

 The value of contracts signed by Korea's big-three shipbuilders— Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering, and Samsung Heavy Industries — fell far behind the amount they projected for this year, reports The Korea Herald.  


Furetank and Älvtank Extend LNG Tanker Order

Image: FKAB

Furetank and Älvtank extend the order with two more of next generation Intermediate Product/Chemical Tankers with LNG propulsion. Furetank Rederi AB and Rederi AB Älvtank have added the previous order with two more newbuildings. Last year a contract signed by the constellation Furetank


Six SAR Boats from Damen Shipyards Antalya

6  Damen SAR Boat Photo Damen

Damen has signed a contract with the International Organisation for Migration (IOM) in Ankara, Turkey for the supply of six, state-of- the-art Search and Rescue (SAR) vessels for delivery in 2017. The boats are being financed by the European Union and will be operated by the Turkish Coastguard


Master Marine Begins Building Its Next Towboat Series

Master Marine said it has laid the first keel with a contract signed in September for four 67’ x 28’ fleet boats. Each boat will be powered by a pair of S6R2-Y3MPTAW Mitsubishi 803 HP tier III diesel marine engines to be operated at 1,400 RPM coupled to Twin Disc 5321 gears


Vyborg to Build Four Trawlers for ATF

Arkhangelsk Trawl Fleet (ATF) has entered into contract with Vyborg Shipyard for the construction of a series of fishing trawlers. The shipbuilding contract, signed at the the International Forum "The Fishing Fleet - New Impulse to Development" in Murmansk in March 2016


Repeat Order for Damen from Ivory Coast

Client with Damen Sales Manager at the shipyard Photo Damen

Following the contract signing between Damen Shipyards Group and Société de Transport Lagunaire (STL) for 16 shallow-draught ferries for the Ivory Coast city of Abidjan, the two companies have announced a supplementary contract for eight Damen Pontoons 2404


HMM in New Alliance Deal

Hyundai Dream Photo Hyundai

Hyundai Merchant Marine (HMM) said it has signed an agreement with intra-Asia trade carriers Heung-A Shipping and Sinokor Merchant Marine to form a container shipping alliance called the HMM + K2 consortium. The HMM + K2 consortium, which is slated to start operation in March after a formal


Genting Deal Largest in Evac History

“Global Class” cruise vessel (Image: Evac)

Evac said it will supply Complete Cleantech Solutions for two Global class cruise ships for Genting Hong Kong’s Star Lines.   The two 201,000-gross-ton vessels will be built by the German shipyard MV Werften for deliveries in 2020 and 2021


DNV GL: First AiP for Scrubber Manufacturer in China

Liu Xiaofeng, Head of Dept. Noise & Vibration, Mechanical & System, DNV GL Maritime Advisory Services Greater China, Jacky Chow, Chief Operating Officer  Shanghai Bluesoul, sign the advisory service contract. Photo DNV GL

DNV GL has awarded the Chinese scrubber manufacturer Shanghai Bluesoul Environmental Technology with an Approval in Principle (AiP) in recognition of the technical feasibility of the BlueSulf scrubber system. The AiP is the first of its kind for a scrubber according to the new DNV GL rule set


Innovative New Falck Training Center

Photo: Falck

Falck is due to open a new training center on the Maasvlakte in 2018. It will become an international, high-profile safety-knowledge center for public and industrial fire brigades, the offshore, maritime sector and wind industry. The first steps have been taken January 24


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






 
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