Oceaneering International, Inc. won two contracts from BP Americas Production Company (BP) to provide vessel and remotely operated vehicle (ROV) services in the Gulf of Mexico (GOM) to support hurricane damage-related platform decommissioning operations. Under terms of each contract, Oceaneering will provide a dynamically positioned ROV support vessel equipped with three ROVs -- two work class and one observation class. The vessels will be the Ocean Intervention III, formerly named the Island Ranger, and the Maersk Attender. Both contracts have initial terms of one year and commence May 2007 and June 2007, respectively. At the end of the initial terms, BP has two consecutive one- year options to extend these contracts.
Singapore Technologies Engineering Ltd (ST Engineering) reports that its marine arm, ST Marine, has won two shipbuilding contracts worth about $60m from Swire Pacific Offshore Operations (Pte) Ltd (SPO), a wholly owned subsidiary of Swire Pacific Limited. These contracts to build and outfit two Anchor Handling Tug Supply (AHTS) vessels, measuring 92m by 22m, are in addition to the existing shipbuilding contract with SPO, announced in June 2011 for four AHTS vessels
Kongsberg Maritime won two contracts for the delivery of ASSETT Engineering and Operator Training Simulators for the Valhall and Ula-Tambar fields in Norway. The simulators will be delivered in 2006. And will be integrated with the ABB Safety and Automation System. "ASSETT enables our customers to optimize their production and train their operators for these conditions," said Sales Manager for Process Simulation in Norway, Chris Ruigrok of Kongsberg.
McDermott Arabia Company Ltd. a subsidiary of J. Ray McDermott, S.A., has been awarded two turnkey contracts by Al-Khafji Joint Operations (KJO), to provide engineering, procurement, construction and installation services for KJO developments in the Arabian Gulf. The first contract is for an integrated wellhead jacket (IWJ) in the Al-Khafji oil field offshore Saudi Arabia. The second contract will see J. Ray support the expansion of KJO's loading facilities in the offshore Neutral Zone
In the first half of 2007 the Division won two major long-term contracts. A 25-year contract will be carried out in a joint venture involving the provision of 4 tugs for an LNG terminal in Italy. This contract will start contributing in the second half of 2008. In addition, a long-term contract was acquired in Angola. This contract will start contributing towards the end of 2007. Part of the activities in Gabon, which were carried out with an (aged) river fleet, were divested
Held on January 16, 2014 in London, Global freight forwarder and logistics services provider Damco has won two awards at the event of the British International Freight Association – BIFA Awards. The Damco U.K. team was chosen best in two categories - The Environment Award and Young Freight Forwarder Award. The jury chose Damco, as the team exhibited a range of initiatives that scope extends beyond their own organization
Icelandic aluminum producer Nordic Aluminum (Nordural) has awarded a two-year contract to transport group Eimskip. Nordural officials did not release the value of the deal, but said that it would involve transport worth up to $13.8 million. The deal excludes aluminum ore imports. The contract involves the transport of aluminum from Iceland to Rotterdam in the Netherlands, the import of anodes used to produce aluminum from Neuss in Germany, and the export of anode remnants for recycling
While South Korean shipbuilders continue to enjoy another good year, representatives from three of the world’s largest yards reportedly are angling to focus on securing more ‘strategic’ orders to keep momentum, according to a report in the Korea Times. Korean yards are facing increasing pressure from Chinese shipbuilders, and to maintain its world lead the strategy includes a focus on these strategic orders
Power and automation technology group ABB won two orders in the third quarter to provide the waste heat recovery systems, each powered by a power turbine generator (PTG), for 14 new 8,800 TEU (twenty-foot equivalent unit) container vessels. The first seven post-panamax vessels will be built at Dalian Shipbuilding Industry Co. Ltd., (DSIC) and the other seven vessels at New Times Shipbuilding Co. Ltd., for China International Marine Containers Group Co. and Mediterranean Shipping Co. S
Radio Holland Canada has won two major contracts to support the Canadian Coast Guard. Public Works and Government Services Canada, which is responsible for government procurement, has awarded Radio Holland Canada a multimillion dollar contract to supply Furuno ECDIS and radars for the Canadian Coast Guard fleet over the next five years. In a separate agreement Hike Metal Products of Wheatley, Ontario has contracted Radio Holland to supply the Navigation & Communication equipment
South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding & Marine Engineering Co Ltd, which has built up huge losses from offshore projects and risks missing debt repayments. Daewoo
Debt-to-equity swap plan is condition of $2.6 bln bailout. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Monday won near unanimous approval for a debt-to-equity swap plan in the first three of five bondholder meetings
Bondholders at final meetings agree to debt-to-equity swap; shipbuilder needs about $400 mln in operating funds by April-end. South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd has won near unanimous agreement from bondholders to swap their debt for equity
The DNV GL-led joint industry project, WIN WIN (WINd powered Water INjection), has completed its first phase and determined that wind power could be used to power offshore water injection. The project is currently moving into its second phase
South Korea's state-run banks are expected to raise more than 3 trillion won (US$2.64 billion) to prevent Daewoo Shipbuilding and Marine Engineering (DSME) from being delisted, reports Korea Herald. Korea Development Bank and the Export-Import Bank of Korea are planning to raise
Marine transportation provider and the United States’ largest operator of OSVs, Edison Chouest Offshore (ECO), has teamed up with Damen to build 13 heavy duty mooring assistance and escort tugs. The vessels will be built in the U.S. using ECO’s network of five shipyards with support
Creditors of Daewoo Shipbuilding & Marine Engineering (DSME) are set to announce a debt-for-equity swap and other measures, worth 3 trillion won (US$2.62 billion), reports Yonhap. Korea Development Bank (KDB), a main creditor of DSME
The Belgian dredging, environmental and marine engineering group DEME Group and Chinese COSCO Shipping have officially embarked on a joint journey to develop offshore wind energy in China, under an umbrella agreement signed on 31 October
Struggling Daewoo Shipbuilding & Marine Engineering Co Ltd's will receive an injection of 2.8 trillion won ($2.4 billion) from two state-run creditor banks to save it from being delisted, one of the lenders said. Daewoo's main creditor, Korea Development Bank (KDB)
In the last month, we have seen the Baltic Dry Index (BDI) recover to the same level it was 12 months ago (see circles in fig.1). Vessel values have started to firm, but not at the same rate and are still at historically low levels.
A designer, builder and maintainer of workboats and renewable marine energy devices has won a significant contract to construct a crew transfer vessel. Mainstay Marine Solutions, which won against international competition, will build the boat at its deep-water facility in Pembroke Dock
The South Korean court handling the bankruptcy proceedings of STX Offshore & Shipbuilding Co. said that only a single bidder had submitted a binding proposal to buy the shipyard's profitable French unit, says a report by AFP.
Vard Holdings Limited (“VARD”)secured contracts for the construction of two LNG powered car- and passenger ferries for Torghatten Nord in Norway. The total contract value amounts to approximately NOK 600 million. The new car- and passenger ferries are designed for environmentally
South Korea's Daewoo Shipbuilding & Marine Engineering Co (DSME) is accelerating its move to sell all non-core assets o beef up its financial status amid concerns over a sharp fall in new orders, Yonhap reported quoting industry sources.
Mexico's state-run power utility CFE has extended the close of a buy tender seeking two liquefied natural gas (LNG) cargoes in April by one day to Wednesday, trade sources said. The deliveries are due to arrive at Mexico's Altamira terminal on the Atlantic coast