GLDD Wins $141Mln Across Several Awards
The American company providing construction services in dredging and land reclamation, Great Lakes Dredge and Dock Company (GLDD) announced the receipt of several major dredging awards totaling $141 million.The North America's dredging industry leader said in a release that awarded work includes: Jacksonville Deepening Contract B Option (Capital Deepening, Florida, $96.6 million); Baltimore Harbor (Maintenance, Maryland, $38.4 million) and Boston Harbor (Maintenance, Massachusetts…
Keppel to Start Work on Golar's FLNG vessel
Keppel Shipyard Ltd (Keppel Shipyard), has received the Final Notice to Proceed (FNTP) from Gimi MS Corporation, a subsidiary of Golar LNG Limited, to commence full conversion works for the Gimi Floating Liquefaction Vessel (FLNG) project.The wholly-owned subsidiary of Keppel Offshore & Marine (Keppel O&M) said in a press release that the total contract is worth US$947million and builds on the issuance of the Limited Notice to Proceed (LNTP) on 17 December 2018.Keppel Shipyard's…
Equinor Awards FEED Contract to Deltamarin
Deltamarin Oy, the provider of ship design, offshore engineering, and construction services for marine and offshore industries worldwide, has signed a contract to support the energy majors in LCO2 vessel design and environmental optimisation.The contract is a part of the Carbon Capture and Storage (CCS) project led by Equinor and partners Shell and Total, Deltamarin, said a press release.CCS will be an essential part of reducing carbon emissions and reaching global climate targets.The…
Conrad Industries Announces 2018 Results and Backlog
Conrad Industries has announced its 2018 results and backlog.The company had net income of $198,000 and earnings per diluted share of $0.04 for the twelve months ended December 31, 2018 compared to net loss of $2.1 million and loss per diluted share of $0.42 for the twelve months ended December 31, 2017. Results for the year ended December 31, 2018 includes $7.5 million from the Deepwater Horizon Court-Supervised settlement. The company’s financial reports are available online.The backlog as of December 31…
Walsh & Sons Selects Damen Multi Cat
UK-based construction services provider S. Walsh & Sons has ordered a Multi Cat 1908 from Damen Shipyards Group. After finalizing a number of modifications, Damen will deliver the 19-meter long vessel ten weeks after receiving the order.Part of the GRS Group, S. Walsh & Sons is London’s premier construction partners, delivering end-to-end materials handling services to the UK civil engineering and construction industries. This comprises excavation, freight (marine, rail and road), materials processing, environmental management, and land remediation.
NV5 Global Acquires CHI Engineering Services
The engineering, procurement and construction management (EPCM) firm serving the liquefied natural gas (LNG), petroleum gas (LPG) and natural gas (NG) industries, CHI Engineering Services is aquired by engineering consulting NV5 Global, Inc.CHI’s client base includes the majority of LNG facility owner/operators in the US. The acquisition will complement NV5’s rapidly growing power group in the West and drive the expansion of energy services nationwide.The $55 million acquisition is evaluated at approximately six times trailing EBITDA and will be made with a combination of cash and stock.
Tallinna Sadam, Alexela Invest Sign MoU
AS Tallinna Sadam and AS Alexela Invest signed a Memorandum of Understanding (MOU) for finding the best solutions for the development and implementation of LNG terminal and servicing LNG tankers and bunkers; and establishing port facilities for loading and unloading LNG on the Pakri peninsula by the Lahepere bay in Paldiski.Tallinna Sadam and Alexela will continue to negotiate the conditions for joint activities with the aim of reaching the contract by the end of 2020.According to the MOU…
Hydra Preparing for Offshore Upturn
Offshore and subsea construction company Hydra said it has entered into the saturation diving market in anticipation of an offshore oil and gas sector rebound.Trevor Davis, president and CEO of the Texas-based company, said Hydra has converted its flagship vessel Subsea Responder and acquired a modular 200msw/12-man saturation diving system to prepare for new projects as the oil and gas industry experiences an upturn.“The oil and gas industry is showing signs of a bounce back [after] reaching a five-year low,” Davis said.
Aker Bets on Software Engineers for Its Oil Business
When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets, integrating data from equipment such as pumps, heat and pressure sensors, maintenance records and even staff rotas to improve efficiency and safety.Less than two years later, Cognite is selling its software to Aker BP's rivals and one competitor…
Shipyard in Focus: Conrad Shipyard
Parker Conrad, a shipbuilding pioneer and a legend along the Gulf of Mexico coast and beyond, founded Conrad Shipyard in 1948. The company, headquartered in Morgan City, Louisiana, is now a public company with new generations of Conrad’s at the helm. “I grew up in the shipyard working side by side with my father,” said Johnny Conrad, President, Chairman and CEO explains. “I saw firsthand how he treated customers, and how his handshake was as good as a contract. Many of our current customers did business with Parker…
Foertsch Group Opts for MobileOps
MobileOps, Inc. has signed a deal with Foertsch Group, a construction services and vessel operator headquartered in Lamar, Indiana.Foertsch Group will utilize the MobileOps Platform across its fleet of vessels to bolster its safety, maintenance, and Subchapter M compliance initiatives.
Conrad Industries Announces 2017 Results and Backlog
Conrad Industries, Inc. (OTC Pink: CNRD) has announced its fourth quarter and twelve months 2017 results and backlog. For the quarter ended December 31, 2017, Conrad had net loss of $3.4 million and loss per diluted share of $0.67 compared to net loss of $836,000 and loss per diluted share of $0.15 during the fourth quarter of 2016. The company had net loss of $2.1 million and loss per diluted share of $0.42 for the twelve months ended December 31, 2017 compared to net loss of $1.7 million and loss per diluted share of $0.33 for the twelve months ended December 31, 2016.
PD&MS Group Wins $14m in Decommissioning Work
PD&MS Group secured a trio of contracts worth more than $14 million across three major North Sea late-life projects in the last six months. The latest award for the Aberdeen-headquartered company is a multimillion-pound contract from Spirit Energy to decommission the topsides on two of its unmanned Morecambe Bay gas field drilling platforms, located in the East Irish Sea. PD&MS is currently supporting similar decommissioning projects of North Sea installations for two major operators through offshore heavy lift contractor, Allseas Group S.A.
Subsea 7 Acquires Normand Oceanic
Subsea 7 S.A. has announced an agreement to acquire the remaining 50% shareholdings in its equity accounted joint ventures, Normand Oceanic AS and Normand Oceanic Chartering AS, from Solstad Farstad ASA for a nominal cash consideration. Effective from the date of the transaction, the Group will become the sole owner of Normand Oceanic, a flex-lay and heavy construction vessel that is being managed by Solstad Farstad while under long-term charter to a third party. The Group will assume all obligations related to an outstanding loan of approximately $100 million.
Reach Subsea Enters Survey Deal for Edda Fonn
Norwegian owner of offshore inspection vessels Reach Subsea has secured a contract for its Edda Fonn vessel. According to Reach Subsea, the contract is for an ROV/survey work covering the next 40 days for Edda Fonn. Commencement will be this week. The details in the contract are confidential. Edda Fonn is a vessel used for IMR, survey and light construction services. The company claims that Edda Fonn is a high quality, cost effective and flexible vessel for IMR, survey and light construction services.
Levenson Appointed Director, Great Lakes
The Board of Directors of Great Lakes Dredge & Dock Corporation the largest provider of dredging services in the United States and a major provider of environmental and remediation services, announced today that Ryan Levenson has been appointed to the Board of Directors, effective December 27, 2016. Mr. Levenson has also been appointed to the Nominating and Corporate Governance Committee. Concurrent with the 2017 Annual Meeting of Shareholders, the size of the class of directors of the Board with a term expiring at such meeting shall automatically decrease from three to two members. In addition, subject to certain exceptions, Great Lakes has agreed to include Mr. Levenson on the Company’s slate of nominees for the election of directors at the 2017 Annual Meeting.
New Ferry Designs Answer Asia Specific Challenges
Challenges of the Asian ferry market include large regional variations in cargo volume and composition, huge economic pressure on operators and unsatisfactory safety records especially in the developing countries, according to ship design company Deltamarin, who has answered these with its DeltaSAFER design family unveiled at the SMM 2016 exhibition in Hamburg. DeltaSAFER is a family of safe and affordable new-built ro-pax ferries, Deltamarin said. The design combines cost-effectiveness…
MN100: Conrad Shipyard
Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries, liftboats, barges, offshore supply vessels and other steel and aluminum products for both commercial and government markets. The company provides both repair and new construction services at its five Gulf Coast shipyards located in southern Louisiana and Texas. Widely recognized for innovation, Conrad has a separate business unit devoted to the construction…
MN100: Master Marine, Inc.
Master Marine has provided excellent marine repair and new construction services for over 55 years to all marine sectors. Equipment includes one 750-ton floating dry-dock (152’ x 46’) inside the wing walls and one 220-ton Marine Travel lift for servicing inland and offshore commercial companies, Federal and State governments, fishing vessels with projects in steel and aluminum. The firm provides custom designed vessels, with 95 experienced employees on its 7 acre Bayou La Batre location.
Conrad Shipyard Forms LNG Business Unit
Conrad Shipyard has formed a new business unit focused on LNG projects. Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery, said it continues to actively pursue other LNG opportunities, including developing designs for additional transport barges, dual-fuel powered towboats and other research and development projects. “We believe the continued development of the LNG fuel market to be of critical importance. Not only will it provide positive change with respect to environmental emissions…
Conrad Declares Dividend
Conrad Industries, Inc. which provides both repair and new construction services at its five shipyards located in southern Louisiana and Texas, announced today that its Board of Directors has declared a quarterly dividend of $0.10 per share of common stock. The dividend is payable on June 14, 2016 to shareholders of record on May 24, 2016. Established in 1948 and headquartered in Morgan City, Louisiana, Conrad Industries designs, builds and overhauls tugboats, ferries, liftboats…
Cyberhawk Lands in Portuguese Market
Cyberhawk Innovations continues to bolster its international credentials through a new partnership with Portugal’s leading engineering service provider and contractor Construção e Manutenção Electromecânica (CME). The agreement will see customers in Portuguese speaking markets benefit from a unique combination of Cyberhawk’s industry leading cloud based asset management software, iHawk, teamed with CME’s detailed local knowledge and UAV solution. The partnership is a significant strategic boost for Cyberhawk’s growing global expansion plans…
Bibby Offshore Bags Mega North Sea Contract
Bibby Offshore, a leading subsea services provider to the oil and gas industry, has announced a multimillion dollar contract with a global energy player, to provide first gas and construction support on its assets in the Southern North Sea. The contract, due to be executed between Q3 and Q4 2016, will see Bibby Offshore’s construction support vessel Olympic Ares, and its diving support vessel Bibby Polaris, perform subsea engineering work 150km off the coast of Lincolnshire, in water depths of 21m and 48m.