Hyundai Mipo Dockyard celebrates completion of 600th ship over 14 years Hyundai Mipo Dockyard celebrated having built its 600th ship in 14 years since entering the market when the shipyard completed construction on the milestone vessel -- a 1000-TEU container ship named Sky Hope that will be delivered to CK Line. Since it was established in 1975, the dockyard had focused mainly on ship repairs until it took a change of course after receiving an order from a Norwegian shipper in 1997 to build a drill ship. Since then, the shipbuilder has been steadily increasing its production: to four vessels in 1998, eight the following year, and 80 last year. Among the ships produced by the company, petrochemical carriers were the most in-demand with 378 units, followed by container ships (89) and bulk carriers (60). It has also built 26 special orders, such as drill ships. "This year, we will deliver 80 vessels and we expect to win new contracts amounting to US$3.2 billion, up 60 percent from a year earlier," said a spokesperson for the dockyard.
Wärtsilä will supply six engines for reportedly, the world's largest oil drilling ship. The 46 MW order, received in October, also includes ancillary equipment in addition to the engines. The vessel is being built by Samsung Heavy Industriels Co. Ltd. in Korea. Ordered by Stena Drilling Ltd, part of the Swedish Stena group, the vessel will be used for oil and gas exploration in the Norwegian and Barents Seas. Its completion is scheduled for the end of 2007.
Hyundai Heavy Industries Co. has won a deal valued at $652m to build a drill ship. The deal from a Liberian shipping company calls on Hyundai to deliver the vessel used to explore for oil in deep water by May, 2011. Shipyards in South Korea, the world's largest shipbuilding nation, have received record orders in recent years as demand has surged for vessels to transport raw materials to China and goods to the rest of the world. Source: Business in Asia Today
According to a report from Bloomberg, Daewoo Shipbuilding & Marine Engineering Co., the world’s third-largest shipyard, expects orders for drilling vessels and offshore platforms to increase 18% this year, helped by higher fuel prices. Contracts for drill ships, semi-submersibles and offshore platforms may rise to $6b this year from $5.1b in 2010, according to Nam Sang Tae, Daewoo Shipbuilding’s chief executive officer, the report said.
Pancontinental Oil & Gas operator, Apache Kenya, secures deepwater drilling ship for giant Mbawa Prospect Pancontinental Oil & Gas announce that the Kenya L8 licence operator Apache Kenya Limited (Apache) has secured the use of the deepwater drilling ship Deepsea Metro 1 to drill the giant Mbawa Prospect. Apache is anticipating a spud date within Q3 2012, with the actual date depending on when the drilling rig is finished with its current operations
Newly launched multipurpose drill ship FREJA integrates a high-performance active heave compensated drilling platform manufactured by MacArtney. The drilling setup on board the vessel has been designed to provide enhanced drilling conditions even in rough seas. A customized, motion-compensated working platform of 10 times seven meters is situated amidships. This means that the working deck remains stationary while the vessel follows the movements of the waves.
Daewoo Shipbuilding and Marine Engineering Co Ltd said it had secured an order to build two drill ships worth $1.38b from the . The South Korean company said in a filing to the Korea Exchange that it will deliver the vessels by April 15, 2011. Source: Reuters
W R Systems, Ltd (WRSystems) have been awarded a contract to supply its laser-based Emsys Emissions Monitoring System (EMS) to a major offshore drilling contractor for three drilling ships/rigs located in the Gulf of Mexico. The EMS will be incorporated into the vessel’s proprietary data management technology, to provide compliance with each vessel’s EPA Air Permit requirements. WRSystems has been working with the drilling contractor for over a year in preparation for
Nicosia, Cyprus – Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that it has signed a new drilling contract for its semisubmersible drilling rig Eirik Raude with an independent operator, for work offshore West Africa. The expected total backlog to complete the two-well program is estimated at $ 67.5 million for a period of 84 days. The new contract is expected to commence after the rig completes its scheduled 10-year special survey
Two Shell drilling ships with support vessels are leaving Seattle for operations in Arctic waters According to an AP report, the Kulluk and the Noble Discoverer on Wednesday morning began the process of departing and will be en route to Alaska's Dutch Harbor. The rigs will wait in the Aleutian Islands port until open water allows them to move north.
The Korean heavy lift company TPI Megaline has selected ABB’s predictive OCTOPUS marine software to ensure safe and efficient operations on one of its vessels. Mega Caravan transports huge loads such as oil rigs and drill ships
Offshore and marine operators of electrochlorination-based marine growth prevention systems are set to benefit from a new maintenance and service initiative from the world’s leader in the market: Evoqua Water Technologies.
The oil rig owner SeaDrill could be forced into bankruptcy protection soon, if it fails to reach a restructuring agreement with its lenders, reports Reuters. The rig firm, controlled by John Fredriksen, is battling with $14 billion in debt and liabilities.
ABB’s marine and ports business will partner with Presserv to offer maintenance packages for vessels that serve the oil and gas industry that are laid-up for prolonged periods. The two companies will combine specialized services to enable the preservation of equipment onboard
South Korean shipbuilders are struggling with huge losses stemming from the delivery of low-priced ships and a delay in the construction of offshore facilities such as drill ships. The shipbuilders' earnings are expected to remain in the doldrums until the first half of 2016
The Bureau of Safety and Environmental Enforcement (BSEE) is responding to a report of a fatality on a drillship in the Gulf of Mexico (GoM) approximately 200 miles south of Lake Charles, LA, in 4,800 feet of water. The Pacific Santa Ana drillship was beginning drilling operations for
A team of scientists will set sail from Southampton to drill through the Earth’s mantle in the center of the Atlantic Ocean. They leave on board the Royal Research Ship James Cook on October 26, 2015 to explore the Atlantis Massif, a 4000 meter high underwater mountain.
International law firm Ince & Co has announced that it has advised Fugro on a sale and lease back agreement with ICON Investments regarding two of its geotechnical drill ships Fugro Scout and Fugro Voyager. ICON financed the acquisition of the vessels by loan facilities from a syndicate of
Huangpu Wenchong Shipbuilding has secured newbuild contracts for a 17,000dwt asphalt carrier and a 38,800dwt bulk carrier. The eco-friendly bulk carrier is scheduled to be delivered from the shipyard by end-2017. Financial details of the deal were not disclosed.
Zentech Incorporated of Houston, Texas, USA signed contracts with CSSC Huangpu Wenchong Shipbuilding Company Limited for the construction of (2) Z-210 Mobile Offshore Units. These contracts were finalized based on the Letter of Intent received by CSSC Huangpu Wenchong Shipyard on September 23,2015
Rutter Inc. announced that Viking Ice Consultancy selected the sigma S6 Ice Navigator system for installation on the Magne Viking, the first vessel to comply with the International Maritime Organization (IMO) Polar Code approved by DNV GL.
Daewoo Shipbuilding & Marine Engineering (DSME) is being rocked by estimated trillions of won (billions of U.S. dollars) of accounting fraud amid the ongoing restructuring process for Daewoo as well as other two shipbuilders, says a report in Xinhua.
The ocean has gotten noisier for decades, with man-made racket from oil drilling, shipping and construction linked to signs of stress in marine life that include beached whales and baby crabs with scrambled navigational signals. The United States aims to change that as a federal agency prepares
DNV GL has welcomed the world’s largest semi-submersible drilling rig into class recently. Ocean Greatwhite is 123 metres long and 78 metres wide and was delivered at Hyundai Heavy Industries in Ulsan, South Korea. Owned by the Houston-based drilling contractor Diamond Offshore
Concerns were growing again over liquidity woes of Soth Korea's largest shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME), as the Angolan oil major Sonangol EP is likely to delay the takeover of its drill ships once again.