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Stx Osv

STX OSV Wins Contracts for Two OSCV

Siem Offshore declares contract options for STX OSV Holdings to design & construct two Offshore Subsea Construction Vessels (OSCV). The vessels will be equipped with a 250t AHC crane and with Launch and Recovery Systems (“LARS”) for Remotely Operated Underwater Vehicles (“ROV”). Deliveries are scheduled from STX OSV Brattvaag in Norway in 2Q 2014 after the delivery of the hulls from STX OSV Tulcea in Romania. STX OSV already has two OSCVs under construction for the same customer in Norway, and two Platform Supply Vessels (“PSV”) in Brazil. Siem Offshore Inc. is an owner and operator of modern support vessels for the global oil and gas service industry. Siem Offshore Inc. currently has a fleet of 37 vessels in operation and 8 vessels under construction. Its fleet includes large AHTS vessels, OSCVs, PSVs, and other support vessels.  


STX Europe Q3: OSV Keeps Good Margin

Cruise & Ferries remain challenging. Highlights: STX Europe achieved operating revenues of NOK 4 480 million in third quarter 2012, a decrease of NOK 763 million compared to corresponding period 2011 (Q3 2011: NOK 5 243 million). Profit before tax for third quarter 2012 of NOK 250 million (Q3 2011: NOK 535 million).   Third quarter shows that healthy EBITDA results continue from STX OSV, while the result of Cruise & Ferries business area is not satisfactory due to lower than


Offshore Support Vessel Shipyard Flourishes

Norway-based shipbuilders, STX Holdings, outperform the FTSE Straits Times Oil & Gas Index The offshore support-vessels builder has outperformed the FTSE Straits Times Oil and Gas Index, of which it is a component, making year-to-date returns of 38.8 per cent compared with the index's 16.8 per cent, reports 'Sgmarine Industries'. First and foremost, STX is in the right place at the right time, with the conventional shipbuilding sector having taken a hammering because new ships


Fincantieri to Take Controlling Interest in STX Offshore

Fincantieri signs agreement for the acquisition from STX Europe of 50.75% of STX OSV, leading offshore vessel constructors. With 21 shipyards in 3 different continents, nearly 20,000 employees and revenues of Euro 4 billion, the Fincantieri Group is doubling its size. Fincantieri now becomes one of the top five shipbuilders worldwide and the leading Western producer, also in terms of diversification and presence in the high value added segments


STX OSV to Go Public in Singapore

STX Offshore and Specialized Vessels  is expected to launch an initial public offering in Singapore soon, according to a report on http://english.chosun.com. According to the report, STX OSV plans to debut there on Nov. 11.   (Source: http://english.chosun.com)


Rolls-Royce Wins $69m OSV Contract

UT 731 web.jpg

Rolls-Royce won a $69m order to design and equip two advanced offshore anchor handling vessels for Norwegian ship owner Farstad Shipping. The UT 731 CD vessels are designed and equipped to handle anchors for oil rigs, tow rigs to location and also serve as supply vessels. They can operate in extreme climatic conditions and ultra deep waters, undertaking precise rig manoeuvring operations in water up to 3,000m deep. They are also equipped for sub sea construction and installation duties


Island Offshore Chooses Rolls-Royce Propulsion Systems

UT776 CD_web.jpg

Rolls-Royce recently won a £20 million (over $32.5 million) order to design and supply power and propulsion systems for two UT 776 CD supply vessels for Island Offshore. Island Offshore were the first to introduce the UT 776 CD ship, which is designed to transport supplies to and from offshore oil and gas platforms. These vessels are the ninth and tenth ordered by the operator to date. In addition to the ship design


Rolls-Royce Secures Two OSV Design Contracts

RR_DEsign web.jpg

Rolls-Royce, a global power systems company, today announced that it has won a £15 million order to provide design, integrated power and propulsion systems and equipment for two offshore service vessels for ship owner Island Offshore. The contract includes options of four additional vessels.   Per Kristian Furø, Rolls-Royce General Sales Manager – Offshore said: “We have worked very closely with Island Offshore over the last decade to develop a wide range of


Advanced Anchor-handling Vessel to Fit RR Deck Machinery

Rolls Royce wins a contract to supply safety critical deck equipment for Iceman AS operated new offshore anchor-handling vessel Rolls-Royce, has been awarded a £15 million contract by STX OSV to supply an extensive deck equipment package for an advanced anchor handling vessel to be operated by Iceman AS. The package, which is designed to improve operational safety, will include a new anchor handling frame (AHF) and a hydraulic anchor winch, which is capable of pulling 500 tonnes


Fincantieri 2012 Profits Up on Previous Year

Shipbuilders, Fincantieri, publish its 2012 financial results; announce resignation of Chairman Corrado Antonini. Highlights: ·         Profit for the year in excess of euro 15 million (euro 9 million in 2011); ·         EBITDA at euro 137 million (euro 138 million in 2011) with a margin of 5.7%; ·         Revenues at euro 2,385 million (euro 2


France Will Make Fresh Proposals on STX Shipyards to Italy

(File photo: STX France)

France will make new proposals to Italy with the hope of resolving their differences over the sale and joint control of STX shipyards before a Franco-Italian summit in September, Economy Minister Bruno Le Maire said on Monday.   Paris angered Rome last month after it ordered a


Four Killed in Explosion at South Korean STX Shipyard

File Photo: STX Offshore & Shipbuilding

 Four workers were killed Sunday in an explosion at an oil tanker being built in a South Korean shipyard, Reuters reported quoting authorities.   Fire officials said the workers were painting the interior of the tanker at an STX Offshore & Shipbuilding plant in the southeastern


Navig8 to Acquire 32 Chemical Tankers

Photo: Navig8 Chemical Tankers Inc.

 Navig8 Chemical Tankers Inc,  international  shipping company focused on the transportation of chemicals, has  entered  into  contracts  to  acquire  32  modern,  fuel-efficient  newbuilding  chemical  tankers.   


Italian Minister Warns of Rigid Response to French Shipyard Move

(File photo: STX France)

Paris and Rome should be able to resolve their differences over the sale of a disputed shipyard, Italy's industry minister said on Wednesday, but he hinted that French investors might yet be hurt because of the row.   The comments from Industry Minister Carlo Calenda could spell trouble in


France Wants Private Shareholder for STX

France: Italy's Fincantieri best option.   France wants a private investor for the STX France shipyards and Fincantieri is the best option but the government will be forced to consider other alternatives should negotiations with the Italian shipbuilder fail


Macron, Gentiloni Discussing STX, Libya, Migration

Italian Prime Minister Paolo Gentiloni received a "friendly" phone call on Thursday from French President Emmanuel Macron to discuss the STX France shipyard, Libya and immigration, Gentiloni's office said. Relations between the two EU allies has been strained this month by a number of


France Nationalizes Shipyard to Thwart Italian Majority

France will temporarily nationalise the STX France shipyard to prevent an Italian firm taking majority control, the economy minister said on Thursday, marking President Emmanuel Macron's first big industrial policy decision.   As France's most avowedly pro-business leader in decades


France to Nationalize STX if Italy Deal Fails

File Image (CREDIT: AdobeStock / (c) Burnel11)

French govt has made 50/50 ownership offer to Italy; Minister says offer on the table until Thursday.   The French state said on Wednesday it would nationalise the STX France shipyard if Italy does not accept its offer to split STX's capital equally


STX Bags Orders for Six Tankers

Photo: STX Offshore & Shipbuilding

 South Korea’s STX Offshore & Shipbuilding won contracts to build six tankers from Greece and local shippers, reports Korea JoongAng Daily.   STX announced that Greek shipper OceanGold Tankers placed an order for four medium-range tankers of 50,000 DWT capacity


Solstad Farstad Sells 2010-Built AHTS

Far Shogun. Photo:  SolstadFarstad ASA

 Solstad Farstad, which claimed to be the world’s largest OSV firm, has sold a relatively new AHTS vessel Far Shogun, since its formation last month following the mega-merger of three leading OSV companies in Norway.  The 2010-built, 23


AST to Supply VSAT to 30 SEACOR Vessels

Satellite communication services and solutions provider the AST Group said it has recently won a contract with SEACOR Marine International to supply VSAT and failover satellite communications to 30 vessels. The agreement sees AST supplying VSAT and back-up communications for SEACOR’s


OSV Companies Running Out of Options -Study

© corlaffra / Adobe Stock

As oil continues to sell below $50 per barrel, 2017 could be one of the toughest years in decades for Offshore Supply Vessel (OSV) companies, according to a study of 44 companies in the industry by AlixPartners.   The firm’s analysis highlights these companies’ rising debt


MSC Cruises Orders Newbuilds at STX France

Image: MSC Cruises

Ship owner MSC Cruises and shipbuilder STX France signed a new memorandum of understanding firming up the order of two 200,000 GRT, LNG-powered mega cruise ships, with options for two additional vessels. The four ships will become MSC Cruises’ World Class.  


Italy, France Seek Rapid Solution to STX Stake Sale

File photo: STX France

Italy and France have agreed to seek a rapid solution in discussions over selling a large stake in the STX France shipyard to Fincantieri, Italy's economy ministry said on Monday.   Italian Economy Minister Pier Carlo Padoan and Industry Minister Carlo Calenda discussed the planned sale


Macron Seeks Review of STX Shipyard Sale to Fincantieri

File photo: STX France

French President Emmanuel Macron said on Wednesday he wanted to review the terms of a recent deal to sell a large stake in the STX France shipyard to Italian group Fincantieri. Speaking at the launch of a new cruise ship, Macron said the STX France's shareholder structure should neither put






 
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