Marine Link
Wednesday, October 18, 2017

Offshore Suppliers

Report Reveals Missing Value Link Offshore

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A recent survey conducted by Trelleborg’s offshore operation paints a positive industry outlook with decision makers taking a long term ‘value-add’ view. Original equipment manufacturers (OEMs) rated product quality, responsiveness and skills above cost as the most important supplier attributes. In fact, only 4 percent cited cost as a primary driver in determining preferred partners. However, there is a missing value link, as in practice cost savings appear to be taking priority.   While suppliers with more substance may be winning-out at the tender stage, when it comes to implementation the temptation to try and make short term cost savings is clear. 78 percent of OEMs, operators, contractors and consultants admitted to changing the specification of a project for budgetary reasons.   Thor Hegg Eriksen, President of Trelleborg’s offshore operation, said, “The overall effect of reduced oil prices is applying pressure across the supply chain and that’s evidenced by the research findings. While the market buys into choosing a value-add partner over a purely transactional arrangement, it doesn’t appear to be maximizing the third party expertise we know can make the difference.             “Our survey points toward an offshore industry that believes it is putting long term strategies first, when the research shows short term decisions with cost front of mind

Swire Oilfield Services Acquires Weir

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Supplier of specialist offshore cargo carrying units, Swire Oilfield Services, has announced the acquisition of the assets and operating business of Australia based Weir OCI, creating the largest regional supplier of offshore cargo carrying units (CCU) in the Australian and Asian region. Weir OCI is the company’s second Australian acquisition in the past year, and takes investment in the region to more than $25m

Wärtsilä Selected Best Supplier by CNOOC

Wärtsilä received an award for supplier excellence from CNOOC, the China National Offshore Oil Corporation. After internal evaluation by project management teams, 28 Chinese and international vendors participating in nine of CNOOC's major projects were honored. Wärtsilä is involved in four of these projects. This was the first time that CNOOC had arranged such an event to recognize its best suppliers, and the awards were presented at a ceremony held in Beijing

MacGregor Signs Contract with Shell

MacGregor has supplied Pusnes offshore mooring systems since 1968 and is a leading provider to customers worldwide. Many types and designs of winches, fairleads and chain stoppers have been developed over the years with del

  MacGregor, part of Cargotec, has signed a contract with Shell for a Pusnes permanent mooring system. Contract value is around EUR 20 million.   "We are very happy to finalise this large contract," says Jan Martin Grindheim, Vice President, Offshore Mooring Systems at MacGregor. "It is strategically important to maintain our market share in the Gulf of Mexico and to maintain our position as a supplier of high-end offshore mooring systems," notes Mr Grindheim

Faststream Wins Chevron Recruitment Contract

Mark Charman (Photo courtesy of Faststream)

Faststream awarded two year preferred supplier agreement for permanent recruitment services by Chevron Products UK Limited   Maritime, offshore and oil and gas recruitment group Faststream has been awarded a two-year supplier agreement by Chevron Products UK Limited. The agreement will see Faststream supply permanent recruitment services to Chevron in the U.K. and Europe within four of its operating companies covering gas and midstream, downstream and chemicals, technology

OEG Acquires AOR Containers

John Heiton (Photo: OEG)

Offshore Cargo Carrying and A60 module company OEG Offshore (OEG) is moving into Norway, Congo and Myanmar for the first time, with its acquisition of AOR Containers, a major player in Europe, Africa and Asia.  The move makes OEG Offshore the second-largest provider of offshore cargo carrying units (CCUs) in the world, with the addition of AOR’s international fleet of 6,000 units taking OEG Offshore’s total fleet to 25,000 units

Noreq AS acquires Acta AS

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Maritime supplier, Noreq announced the acquisition of Acta in Denmark. Since 1955, Acta has been a supplier of offshore marine cranes, life raft- and MOB davits as well as deck machinery. Acta is the only crane manufacturer in the world having CE marking on offshore cranes for wind power installations off shore. Acta is located in Odense, Denmark and the name of the new company is NoreqActa. “With this acquisition, the Noreq group is not only strengthening our foothold in the lifeboat

Alstom Wind Sees Turbine Growth in Europe Offshore Bids

Alstom SA, the third-largest power-equipment maker, expects higher sales for its wind turbines this year and next, buoyed by growing demand in Brazil and offshore bids in Europe. “We’ve improved all our financial indicators this fiscal year,” ending March, compared with last year, including sales, order intake and operational performance, Alstom renewable unit chief Jerome Pecresse said in a March 15 interview. “We’re expecting growth to continue next year

EDT Offshore Takes Delivery of Damen Fast Crew Suppliers

The EDT Leda and the EDT Nefeli (Photo: Damen).

EDT Offshore (Cyprus), an operations and management company for offshore support and dredging services, has taken delivery of a Damen Fast Crew Supplier 3507 and an FCS 5009: the EDT Leda and the EDT Nefeli. Both are built according to the Damen Sea Axe design, which reduces slamming up to 75 percent and increases crew comfort. The EDT Nefeli is outfitted withDP1, FiFi 1 and a luxury interior for a high level of passenger comfort during longer trips.

New Damen PSV for World Wide Shipping

World Peridot (Photo: Damen)

Damen Shipyards Galati has handed over the second platform supply vessel in a series order heralding a new era in offshore construction for Damen Shipyards Group. World Peridot, built to Damen’s PSV 3300 design, has been delivered to World Wide Supply. Delivery comes just seven weeks after the handover of the first of class PSV 3300, World Diamond, and is part of a rolling six-ship handover schedule from Damen for WWS.

No Clear Route to 2020 Sulphur Cap Compliance -Survey

© Sergei Simonov / Adobe Stock

 The route to compliance with the International Maritime Organization (IMO) 2020 0.5 percent global sulphur cap is unclear for many vessel operators, according to a marine industry survey conducted by ExxonMobil.   Some 70 percent of respondents saying that they do not believe the industry is ready for the deadline, highlighting an ongoing sense of confusion and lack of preparedness.   The makeup of the marine fuel mix in 2020 and beyond is an area of concern

GMG Acquires Fugro’s Trenching, Cable Laying Business

(Photo: Global Marine Group)

Global Marine Group (GMG) will acquire Fugro’s trenching and cable laying business in exchange for an equity stake of around 24 percent in the combined business valued at $65 million, and a one year secured vendor loan of $ 7.5 million. Fugro said it will realize a gain on this transaction, valued at approximately $73 million.   GMG is a supplier of subsea cable installation and maintenance services in the telecoms, offshore renewables, power and oil and gas market segments

Market Snapshot: Offshore Outlook

(Source: Vessels Value)

Notwithstanding the recent surge in crude oil prices, it isn’t lost on anyone that the offshore oil exploration business is, and has been for some time, in the doldrums. In the U.S. Gulf, that pain can be seen through Chapter 11 filings and the sobering specter of vessel after vessel rolling off the shipyard ways and directly into cold iron layup. And, it doesn’t help that the shore-based shale drillers have not only found a way to drastically reduce their operating expenses

DNV GL, Taiwan Pact for Offshore Wind

Photo: DNV GL

 DNV GL, the world’s largest resource of independent energy experts and certification body, has signed an agreement with leading Taiwanese stakeholders to collaborate on offshore wind testing and certification to drive the expansion and facilitate the development of offshore wind in Taiwan.   The regulations for certification will be headed by the Bureau of Standards, Metrology and Inspection since it has been designated by the highest authority in Taiwan.  

Brightoil Launches Online Bunker Trading Platform

© Riccardo Arata / Adobe Stock

International bunker trader and supplier Brightoil has launched a new suite of online tools that aims to transform the way bunker fuel is traded globally.   Brightoil Bunker Online E-Delivery platform is now live and includes a Forward Fixed Price (FFP) facility making the process of buying bunkers anywhere in the world faster, easier and more transparent. The new facility enables customers to lock-in bunker cost for up to nine months forward thereby reducing exposure to major price

New Private LNG Terminal in Pakistan

Photo: Port Qasim Authority

 A group of leading business houses in Pakistan plan to build a liquefied natural gas (LNG) terminal by March 2019 for gas processing and consumption in their own plants, Reuters reported.   The proposed, second multi-million dollars terminal being set up at the Port Qasim to handle LNG imports will give tremendous boost to LNG trade. The private terminal will bring the total number of potential LNG import projects in the country to eight.  

Austal Delivers Its 6th LCS to the US Navy

Austal USA delivered its sixth littoral combat ship to the U.S. Navy on Friday, September 15. The future USS Omaha (LCS 12) is the nation’s 10th littoral combat ship delivered to the Navy, the first of two that the shipbuilder will deliver this year.   “They’re here and ready. Our Independence-variant littoral combat ships are coming off the line with exceptional quality and under the congressional cost cap,” said Austal USA President Craig Perciavalle

Global BCOs Hit by Rising Contract Rates from Asia

Graph: Drewry Benchmarking Club

 Contract freight rates paid by Beneficial Cargo Owners to move their products by container have increased for a 4th consecutive quarter, according to actual contract rate data from the Drewry Benchmarking Club.   Average contract rates on two major container trade routes - from Asia to North Europe and North America – have increased by another 4% between the second and the third quarter of this year

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

IMS Group Buys OceanSaver Assets

Norway’s IMS group AS announced it has signed a purchase agreement with the OceanSaver Trustee to acquire the ballast water treatment system manufacturer’s intellectual property, certificates and assets following its bankruptcy filed on September 13, 2017.   OceanSaver had sold approximately 200 ballast water treatment systems and was among the first suppliers to be approved by IMO, to successfully complete the stringent test regime by the U.S

Brookfield Completes Acquisition of Teekay

Image: Teekay Corporation

 Teekay Corporation and Teekay Offshore Partners announced that they have completed their previously announced comprehensive transaction with Brookfield Business, together with its institutional partners (collectively Brookfield).   “With this comprehensive transaction now completed, Teekay looks forward to working with Brookfield as co-sponsors of Teekay Offshore to support the Partnership’s continued growth,” commented Kenneth Hvid

NOIA Appoints Four to BoD

Martin Stauble

National Ocean Industries Association (NOIA) Chairman David Welch has appointed four new members to the association’s Board of Directors.    Appointed to first term on the Board of Directors:   Jennifer Medcalf, Vice President Business Development, The REACH Group   David De Roode, Partner, Lockton Partners, LLC/Senior Vice President, Lockton Global Energy & Marine L

Damen Workboat Festival

Damen Workboat Festival (Photo: Damen)

Fine weather after a stormy morning and a wide range of vessels to view and try out on the water encouraged a good turnout of clients, industry partners and media at Damen’s second annual Workboat Festival.   Held at Damen Shipyards’ HQ at Gorinchem, the event not only invited guests to experience a selection of smaller tugs, pilot boats, fast crew suppliers and a high-powered RIB, it also gave them the opportunity to explore themes that are very much at the forefront of the

Universal Energy Faces Millions in Claims

Universal Energy entered voluntary liquidation on Oct 3, tightening credit in Singapore's bunker fuel market.   Shipping fuel suppliers are filing millions of dollars in claims over unpaid marine fuel bills against now defunct Singapore-based peer Universal Energy, formerly one of the city state's largest bunker suppliers but which has now entered liquidation.   Universal Energy, ranked as Singapore's third-largest bunker fuel supplier by volume in 2016

Op/Ed: ASTRO Act Shoots For the Stars

Randall Luthi (Photo: NOIA)

National Ocean Industries Association (NOIA) president Randall Luthi weighs in after the House Natural Resources Committee held a hearing on offshore development and introduced the Accessing Strategy Resources Offshore (ASTRO) Act.   Today’s hearing was a slam dunk by the House Natural Resources Committee. Not only did the Committee bring in experts and stakeholders with their own unique offshore perspectives to the hearing

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

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