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Procurement Contract

Teekay Signs E-Procurement Contract With SeaSupplier

SeaSupplier Ltd., the marine e-procurement subsidiary of Stolt-Nielsen S.A. announced it has signed a multi year e-procurement contract with Bahamas-based Teekay Shipping to connect Teekay procurement systems with its suppliers. Under the agreement, SeaSupplier's SeaConnect(TM) solution will provide Teekay with a common e-procurement platform, which is geared to improve and standardize contract usage, rationalize product databases, and automate connectivity to suppliers worldwide. SeaSupplier's open technology platform and adaptable middleware software will enable Teekay's J.D. Edwards system to communicate efficiently with all suppliers, using multiple communication formats including EDI, EFACT, Flat files, XML and MTML.


Seabulk Signs Global E-Procurement Contract With SeaSupplier

SeaSupplier Ltd. (SeaSupplier), the marine e-procurement subsidiary of Stolt-Nielsen S.A. announced it has been chosen by Ft. Lauderdale, Fla., based Seabulk International to provide its total SeaManager e-procurement solution to Seabulk International's three global divisions: Seabulk Offshore, Seabulk Tankers, and Seabulk Towing . The SeaSupplier solution will consolidate the purchasing activity of Seabulk's three management centers into one common platform and standard and will


Ingalls Shipbuilding Wins $70m Navy Deal

Huntington Ingalls Industries (NYSE:HII) said its Ingalls Shipbuilding division has received a $70m cost-plus-fixed-fee advance procurement contract modification from the U.S. Navy to provide long-lead materials for LPD 27, the 11th amphibious transport dock of the USS San Antonio (LPD 17) class. The funds awarded to Ingalls will be used to purchase long-lead-time materials and major equipment in support of the new ship


Ingalls Awarded USN Contract for 11th LPD 27

USN LPD 27 Class Ship: Photo credit HII

Ingalls to provide long-lead materials for US Navy LPD 27 The US Navy has awarded a million cost-plus-fixed-fee advance procurement modification contract to Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division to provide long-lead materials for the 11th San Antonio-class (LPD 17) amphibious transport dock, LPD 27. The advance procurement contract for LPD 27 is the fourth to be awarded to the company, with the first contract awarded in October 2010.


US Navy Awards $78M Submarine Procurement Contract

General Dynamics has been awarded the Virginia-class submarine procurement contract by the US Navy The U.S. Navy has awarded General Dynamics Electric Boat a $78 million contract to buy long lead-time material for the Virginia-class submarine SSN-792. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). The contract provides funding for steam and electrical-plant components, the main propulsion unit and ship-service turbine generator set


Ingalls Shipbuilding Gets Large Advance Procurement Finance

Ingalls Shipbuilding Awarded US$133.7-million advance procurement contract for Amphibious Transport Dock LPD 27 Huntington Ingalls Industries (NYSE:HII) announce that its Ingalls Shipbuilding division has received a $133.7 million, cost-plus-fixed-fee advance procurement contract modification from the U.S. Navy to provide long lead time materials for LPD 27, the 11th amphibious transport dock of the San Antonio (LPD 17) class.


$230M Offshore Contract Announced

Saibos CML, an equally-owned subsidiary of Bouygues Offshore and Saipem SpA, has been awarded a contract for the Kizomba A Development Project in Angola for an approximately total amount of $230 million (Bouygues Offshore's share: approximately $115 million). Esso Exploration Angola (Block 15) Limited (Esso), a subsidiary of Exxon Mobil Corporation, is the operator (40%). Other participants include BP Exploration (Angola) Limited (26.67%), Agip Exploration Angola B.V. (20 %) and Statoil (13


Navy Awards Electric Boat $16.3M Contract

The U.S. Navy has awarded General Dynamics Electric Boat a $16.3 million contract for planning and material procurement in support of the USS Springfield (SSN-761) depot modernization period (DMP). Under the terms of the contract, Electric Boat will perform advance planning, design, documentation, engineering, procurement, fabrication and preliminary shipyard work in preparation for the DMP, which is scheduled from May 2004 to June 2005. A DMP comprises repairs, alterations,


ASRY in Maritime Deal with Relay

Relay & ASRY signs service agreement to provide direct services to vessels

  UK-based engineering firm signs service agreement to provide direct services to vessels in ASRY, expanding the list of the yard’s onsite specialist contractors. ASRY, the leading ship and rig repair yard in the Arabian Gulf, has signed a specialized Services Agreement with Relay Engineering Limited, a specialist engineering company based in the UK, to offer its expertise in electrical, mechanical and constructive engineering directly to ASRY’s customers from a dedicated


World’s Biggest LNG Buyer Becomes Seller

Photo:  JERA Co., Inc.

 EDF Trading, a wholly-owned subsidiary of French power giant EDF, has signed an LNG sales and purchase agreement with Japanese LNG aggregator Jera Co Inc, one of the world’s largest buyers of liquefied natural gas.   Jera, a joint venture between Tokyo Electric Power Co. and Chubu Electric Power Co., will sell as much as 1.5 million metric tons of LNG between June 2018 and December 2020.   According to Bloomberg


US Navy to Christen Guided-Missile Destroyer Paul Ignatius

The guided-missile destroyer Pre-Commissioning Unit (PCU) Paul Ignatius (DDG 117). Photo: United States Navy

 The Navy will christen the newest guided-missile destroyer, the future USS Paul Ignatius (DDG 117), today (Saturday)  CDT ceremony at Huntington Ingalls Industries Shipbuilding in Pascagoula, Mississippi.    The future USS Paul Ignatius is named in honor of the Honorable


LR to Perform Armada Olombendo FPSO Risk Inspection

Lloyd's Register has won an inspection contract with Bumi Armada Berhad for its Armada Olombendo FPSO.   The contract agreement provides Bumi Armada with access to Lloyd’s Register’s risk-based inspection services and technical software which will help to develop quantifiable


Quality of Ocean Carriers “Poor to Average”

Image: Drewry Shipping Consultants Limited

 The service provided by container shipping lines is rated as poor to average and has deteriorated in the past year, according to a survey of exporters, importers and freight forwarders conducted jointly by Drewry and the European Shippers’ Council (ESC).  


DCNS to Build Next French Naval Frigates

Image: DCNS

DCNS said it has been awarded a contract from the French Defense Ministry for the development and construction of five intermediate-size frigates (FTIs) intended for the French Navy. DCNS will propose a French version of its new BELH@RRA frigate


Germany to Skip Tender for Warship Purchase

Photo: 2015 Bundeswehr / Jana Neumann/PAO UNIFIL

The German Defence Ministry on Thursday said it would skip an open tender for the planned purchase of five more corvettes valued at 1.5 billion euros and instead ask the three-company consortium that built the existing warships to submit a bid.  


Ingalls starts work on destroyer Higbee for US Navy

Paul Bosarge, a steel fabrication burner at Ingalls Shipbuilding, presses button to start fabrication of the Ingalls-built destroyer Lenah H. Sutcliffe Higbee (DDG 123). Photo USN

Huntington Ingalls Industries’ Ingalls Shipbuilding division officially started fabrication of the Arleigh Burke-class (DDG 51) destroyer Lenah H. Sutcliffe Higbee (DDG 123) on Wednesday. The start of fabrication signifies that the first 100 tons of steel have been cut.


US Coast Guard Awards Navigation System Contract

The Coast Guard's Command, Control and Communications Engineering Center (C3CEN) awarded a contract to FLIR Maritime US, Inc., of Nashua, New Hampshire, Wednesday, for the Scalable Integrated Navigation System, Two (SINS-2). The single award Firm Fixed Price Indefinite Delivery


McDermott bags Middle East pipelay contract

Linh Austin Vice President, Middle East and Caspian Photo McDermott

 McDermott International, Inc. was awarded an offshore pipelay contract in the Middle East. The pipelay contract includes the engineering, procurement and installation of two oil pipelines offshore. Work on this contract is expected to be completed by the end of the second quarter in 2018


UAE Mulls $316mln LNG Terminal in India

Photo:Swan Energy Ltd

 Abu Dhabi's National Marine Dredging Company (NMDC)  has been awarded a $316-million engineering, procurement and construction (EPC) contract for a hitech floating LNG (liquefied natural gas) port at Jafrabad in the Indian state of Gujarat, reports WAM.  


BAE Systems Wins $11.3M Navy Deal

BAE Systems Southeast Shipyards Mayport, Mayport, Florida, is being awarded an $11,351,440 cost-plus-award-fee modification to previously awarded contract N00024-16-C-2302 to exercise the option for post shakedown availability (PSA) accomplishment for USS Detroit (LCS 7)


Allseas Bags Nord Stream 2 Project Contract

Photo: Nord Stream 2

 Following an international tender process, Nord Stream 2 AG have awarded a contract for offshore pipelay of the Nord Stream 2 natural gas pipeline through the Baltic Sea to Allseas.    The company will undertake offshore pipelay works for both lines in 2018 and 2019


ALMACO to Deliver Project Resolve Superstructure

Photo: ALMACO

Canadian shipbuilder and industrial fabricator Davie Shipbuilding has awarded ALMACO Group the contract for the delivery of the superstructure of Project Resolve, a Navy AOR vessel, the first project carried out as part of ALMACO and Davie’s cooperation and technology transfer.  


Spot Freight Rates Soar from North Europe to Asia

Photo: Maersk Line

 Spot container freight rates from North Europe to China increased by 45 percent this week, reaching a four-year high.   The “World Container Index assessed by Drewry” market reading on the route from Rotterdam to Shanghai jumped to $1,076 per 40ft dry container today


Top LNG Buyers Form Alliance to Push for Flexible Contracts

© akiyoko / Adobe Stock

The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers.   Korea Gas Corp (KOGAS) said on Thursday it had signed a memorandum of understanding in mid-March with


BP Awards Gulf of Mexico Work to Subsea 7

 Subsea 7 said it was awarded a contract by BP as part of the deepwater Mad Dog 2 development, located approximately 190 miles south of New Orleans.    The contract scope covers engineering, procurement, construction and installation (EPCI) of the subsea umbilicals






 
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