Wärtsilä has acquired the global ship design group Vik-Sandvik, an independent group providing design and engineering services to ship owners and the ship building industry worldwide. The value of the acquisition is $169.9m, with an additional maximum sum of $48.9m to be paid based on the performance of the business over the next three years. In 2007, Vik-Sandvik’s turnover was $70.8 millions and the profitability is on a very good level. The number of employees is 410. The role of ship design is becoming more and more important due to higher performance requirements, more sophisticated systems, and increased integration onboard most vessels. Also, the environmental and emission regulations regarding NOx and CO2 are becoming increasingly stringent. “From a strategic point of view, the acquisition of Vik-Sandvik is a very important step for Wärtsilä as it brings us closer to our customers, both ship owners and ship yards. We can now enter into dialogue with them at an earlier stage, when the key specifications of a vessel are decided, and this will result in us being able to offer more competitive solutions,” says Mr Jaakko Eskola, Group Vice President, Wärtsilä Ship Power. Vik-Sandvik will be integrated into Wärtsilä Ship Design within Ship Power. All personnel - including the management - will continue as Wärtsilä employees
Wärtsilä has acquired the global ship design group Vik-Sandvik, an independent group providing design and engineering services to ship owners and the ship building industry worldwide. The value of the acquisition is $209.5m, with an additional maximum sum of $60m to be paid based on the performance of the business over the next three years. In 2007, Vik-Sandvik's turnover was $87m and the profitability is on a very good level. The number of employees is 410
Aker Yards has confirmed an optional agreement with Siem Offshore Inc for the building of two Platform Supply Vessels. The value of the contract is approximately NOK 275 million. Delivery is scheduled for second quarter 2007 from Aker Yards, Aukra. The vessels are of Vik Sandvik design, VS 470 Mk II. The vessels will be equipped with dynamic positioning, special product tanks, azimuth thrusters and accommodation for 34 persons.
Norwegian naval architects Vik-Sandvik have confirmed that the Cyprus-based company Norwegian Shipping Ltd has decleared options for additional two AHTS at Bharati Shipyard Ltd in India.Norwegian Shipping Ltd now has a total of four VS 4612 designs under construction at Bharati Shipyard. The last two vessels will be delivered in February and June 2010. Source: Offshore Shipping
Norwegian offshore vessels operator Siem Offshore Inc said that its 51%-owned subsidiary Siem Meling Offshore DA has agreed to acquire a platform supply vessel construction contract for NOK315m. The Vik-Sandvik VS 485 type vessel will be built at the Eidesvik shipyard in Norway, and is scheduled for delivery in the first quarter of 2009. Siem Offshore is headquartered in Kristiansand in Norway.
Wärtsilä, ship power system integrator for the marine industry, has received a ship design order from the Norwegian shipping company Sartor Shipping AS. The order is for two Vik-Sandvik 465 FSV design vessels that will be built at the Wison Heavy Industry shipyard in China. Wärtsilä scope of supply also includes two main engines, gear boxes and propellers. Sartor Shipping has options for further newbuildings at the yard. The vessels are due for delivery in 2010 and 2011
Aker Yards has entered into a contract with AP. Moller - Maersk AS, for the building of eight Anchor Handling Tug Supply Vessels (AHTS). The contract also includes an optional agreement for another two sister vessels. The series of AHTS vessels is of Vik & Sandvik design, VS 472. Deliveries are scheduled for 2008 and 2009, from Aker Yards in Norway. The vessels are of approximately 240 x 65.5 x 30 ft. Roy Reite
Aker Yards has entered into a contract with AP. Moller - Maersk AS, for the building of eight Anchor Handling Tug Supply Vessels (AHTS). The contract also includes an optional agreement for another two sister vessels. The value of the contract is approximately $496.8 million. The series of AHTS vessels is of Vik & Sandvik design, VS 472. Deliveries are scheduled for 2008 and 2009, from Aker Yards in Norway. The vessels are of approximately 73.2 m. length, 20.0 m. breadth and 9.1 m. depth molded
Maersk AS has announced that they will exercise the option with Aker Yards to build another two Anchor Handling Tug Supply Vessels (AHTS). The two vessels will be sister vessels to the eight Anchor Handling Tug Supply Vessels ordered by AP. Moller - Maersk AS in March 2006. The series of AHTS vessels is of Vik & Sandvik design, VS 472. Deliveries are scheduled for 3rd and 4th quarter 2009 from Aker Yards in Norway. The vessels are of approx. 73.2 m length..
Tidewater Inc. announced that it has taken delivery of the M/V Miss Jane Tide. The Miss Jane Tide is Tidewater's first VS 480 platform supply vessel built by the company's own Quality Shipyards, L.L.C. in Houma, La. The ship, designed by the Norwegian firm Vik-Sandvik, is the first of four identical vessels to be built by Quality. The Miss Jane Tide is a 260-ft. PSV and is the first domestically constructed vessel to be delivered under Tidewater's new construction program announced in January
Aker Solutions will provide design engineering for the upgrading of the semi-submersible Njord A platform in Norway. The company will as a subcontractor of Kvaerner take part in upgrading the platform after operator Statoil exercised an option in an agreement awarded in April 2016
Aker Solutions won a contract from Statoil for the hook-up of the riser platform for the Johan Sverdrup field, Norway's largest offshore development in the past three decades. The company will work closely with subcontractor Kvaerner on joining together the platform's seven modules
The Wilhelmsen group hires Inge André Sandvik as head of digital solutions, starting January 2017. “Accelerating our digital transformation, Inge brings with him a unique combination of digital entrepreneurship, business curiosity and a large network within the digital eco-system
All bets would have been lost if one was to predict that I would never find one of the most advanced and modern workboats in the heart of the Norwegian Fjordlands. Sure enough, if you make the trek to Flam through nearly 50 tunnels in between the prominent towns of Bergen and Oslo
Vision of The Fjords, a futuristic carbon fiber tourist vessel operated by The Fjords DA, has won the Ship of the Year 2016 accolade at SMM in Hamburg. The 40-meter-long, 399-passenger-capacity hybrid craft, which was completed by Brødrene Aa this summer
The Fjords DA, operator of seven tourist ships in the Western Norwegian fjords, has revealed the name of the latest addition to its fleet. To be christened Vision of The Fjords, the 40m long hybrid craft is designed to push the possibilities of green technology and passenger experience.
A shiploader weighing more than 560 metric tons has made the voyage from Nantong, China to Portland, Ore. in the U.S. with the help of transporter HANSA HEAVY LIFT GmbH (HHL). The shiploader, which measures 36.5 meters in length x 56.44 in width x 31
Nautilus Minerals Inc. announces that the order for the supply of the entire electrical installation for the production support vessel has been awarded to Siemens International Trading (Shanghai) Ltd., a wholly owned subsidiary of Siemens AG.
Tore Sjursen will assume the position as executive vice president for operational improvement and risk management at Aker Solutions on April 1. Knut Sandvik will at the same time replace Sjursen as head of the company's maintenance, modifications and operations business.
Global technology engineering group Sandvik will present corrosion resistant alloys, including its new Sandvik SAF 3207 (UNS S33207) hyper-duplex stainless steel at NACE CORROSION 2015, the company announced today. NACE CORROSION 2015
The six vessels (plus four options) placed in the Norwegian yard will be assigned Lloyd’s Register (LR) class notations 100A1, Offshore Supply Ship AHTS, Fire Fighting Ship 1 (2400), Ice Class 1A PS, RD (2.8), IWS. Steel cutting is expected to begin in June 2015 with the first two
Successful NORSOK qualification of Sandvik 254 SMO hydraulic and instrumentation tubing increases opportunities in the oil and gas sector. Adding to its extensive capability in supplying material to the oil and gas industry worldwide, Sandvik has successfully been qualified according to
'World Diamond', the first of a series of six uniquely designed platform supply vessels (PSV), was christened recently by the ship’s godmother, Princess Margareta of Romania, at Damen Shipyards’ Galati in Romania. Each of these PSVs is classed by Lloyd’s Register and is of 3
A R140-million, general bulk ship-loader installed at Richards Bay in Transnet Port Terminal’s (TPT) R33-billion Market Demand Strategy (MDS) investment programme. Custom-built to complement the terminal’s operational envelope, the loader was designed in Austria and built in China
GEOSHIPS Group has announced two contract wins worth a combined value of £3 million for the company’s latest vessel. Following an open day on-board the Loch Roag for potential clients, the vessel secured work in the North Sea with two new customers for GEOSHIPS