Marine Link
Friday, April 27, 2018

Conversion Contract News

STX to Carry Out Conversion on Multipurpose Cargo Vessel

STX Finland Oy and Gaiamare Ltd. have signed a conversion contract on extensive modification work on the multipurpose deck cargo vessel Aura I. Modification work will be executed at STX Finland Rauma Shipyard from late June to August, 2012. “The signed conversion contract clearly indicates that our customer has confidence in STX Finland being capable of delivering both demanding new building and conversion on customer’s existing fleet vessels at the same time,” said Juha Mäkinen, vice president of sales and marketing, STX Finland Lifecycle Services.  

Cosco Wins Contracts Worth $256.2m

Cosco Corp has won $256.2m worth of shipbuilding and conversion contracts, reports said.  The company will build two bulk carriers for a German customer to be delivered in 2010 and 2011.  The 9 conversion contracts it won are slated for completion by the fourth quarter 2009.

Malta Drydocks Loses $7M Conversion Contract

Hebridean Island Cruises has pulled out of a $7 million conversion contract with Malta Drydocks and awarded it to a British yard instead, the Malta company said on Tuesday. Scotland-based Hebridean had already issued a letter of intent in favour of Malta Drydocks for the conversion of a modern ship into an old style classic cruise liner, the Malta firm said. Malta Drydocks did not reveal the name of the U.K. yard or the name of the cruise liner. The Maltese yard recently won a $6 million contract to convert the tanker Northia, owned by Brovig RDS of the UK, into a floating production storage and off loading unit and another $6 million contract for maintenance work on the U.S. sixth fleet flagship La Salle. – (Reuters)

Golar Inks Deal for Third FLNG Conversion

Golar LNG Limited has executed agreements for conversion of the 126,000 m3 LNG carrier Gandria to a Golar floating liquefaction facility (GoFLNG), the company announced today. As with the GoFLNG Hilli and Gimi conversions, the primary contract for the GoFLNG Gandria was entered into with Singapore's Keppel Shipyard Limited. The Gandria conversion contract marks the exercise of the second of two options that formed part of the initial 2014 Hilli conversion contract. Black & Veatch will provide its licensed PRICO technology, perform detailed engineering and process design, specify and procure topside equipment, and provide commissioning support for the GoFLNG topsides and liquefaction process.

Aker Yards Signs Conversion Contract

Aker Yards Lifecycle Services and Viking River Cruises have signed a contract for conversion of a river cruise ship. The value of the contract is approximately EUR 6.5m. The conversion is scheduled for delivery in April 2008. The scope of work onboard the Viking Surkov includes new larger cabins, public spaces, food & beverage areas and an elevator.

A&P wins Conversion Contract

A&P Tyne Ltd, part of UK’s A&P Group, was awarded the first phase of a multi-million dollar conversion contract involving the 14,793 grt Dock Express 20 by De Beers Marine (Pty) Ltd of South Africa. This 1983-built ship will arrive at the yard during August this year (2005) and remain for up to 11 months. On completion of the project the vessel will return to South African waters for the finishing touches to enable her to operate as a fully equipped diamond-mining vessel. This follows the successful delivery during 2004 of the !Gareip, which was converted by A&P Tyne for the same owner. Dave Skentelbery, Managing Director for projects…

MSC (Europe) Awarded Conversion Project

Maritime Services Corporation’s Southampton-based marine outfitting company, MSC (Europe) Ltd., has received a Letter of Intent and deposit that will lead to a $19 million conversion contract to convert the ex Dronning Ingrid rail ferry into a state of the art hospital ship for the charitable group Mercy Ships. MSC will act as the general contractor for all phases of the conversion.

Keppel Clinches FPSO Conversion Contract

Keppel Shipyard, a wholly-owned subsidiary of Keppel Corporation Ltd, has secured a Floating Production Storage & Offloading (FPSO) hull conversion contract worth S$84 million from Marathon Petroleum Company (Norway) on MST Odin. The 87,000 dwt multi-purpose shuttle tanker arrived at Keppel Shipyard for the fast track hull conversion on 19 March. Odin will undergo hull upgrading and modification works which involve procurement, construction and installation of the FPSO hull equipment, including shipboard marine systems, cargo, ballast, inert gas, crude oil washing, fire fighting and electrical and instrumentation. The contract also entails the fabrication and installation of topside module support structures…

Jurong Secures FPSO Conversion Contracts

Jurong Shipyard, a wholly owned subsidiary of SembCorp Marine, has secured two Floating Production Storage and Offloading (FPSO) conversion contracts worth a total of $58m from Tanker Pacific Offshore Terminals Pte Ltd (Tanker Pacific). The first contract involves the conversion of the 92,802 dwt tanker, the M.T. Andaman Sea, which will be renamed FPSO Raroa upon completion in 4Q 2007. Modification works on the FPSO Raroa will commence immediately involving the installation of an internal turret, 3 boilers on deck to generate 20 megawatts of power, renewal of the entire piping and electrical systems and installation of new process facilities, which include crude separation, water injection and chemical injection.

Keppel to Sign Golar LNG Conversion Contract

Keppel Shipyard enters into a term sheet agreement with Golar LNG regarding the conversion of three LNG vessels. Keppel Shipyard Ltd (Keppel Shipyard) has entered into a term sheet agreement with Golar LNG Ltd (Golar LNG), to work together on the conversion of up to three LNG vessels into Floating LNG (FLNG) vessels. This term sheet agreement requires Keppel Shipyard to start with a Front-End Engineering and Design (FEED) study to confirm the engineering and work scope. Upon completion of the FEED study, Keppel Shipyard will then proceed to work with Golar LNG on the conversion and engineering of the first of the three FLNG vessels. There will be an option to convert the other two FLNG vessels at a later date.

Major Conversion Project for Solstad

The cable laying vessel “Normand Clipper” will undergo an extensive conversion equal to that of its sister vessel “Normand Cutter”. Here is the converted “Normand Cutter” immediately after its conversion was completed in May last year. (Photo: Harald M. “This is an exciting period with increasing interest in vessels designed for extremely demanding marine operations. During the last six year we have signed contracts for two major conversions and one new build for this market. I would argue that Ulstein is the leader in offshore construction vessels,” says Tore Ulstein, President of Ulstein Verft AS. Shipowners Solstad announced yesterday that Ulstein Verft is to perform the conversion of their cable-laying vessel, Normand Clipper.

Keppel Shipyard Wins FPSO Conversion Contract

Keppel Shipyard

Even as world energy prices continue to maintain low pricing levels, offshore contracts are there to be won. Keppel Offshore & Marine Ltd has secured a Floating Production Storage and Offloading (FPSO) conversion contract as well as three repair, upgrade and modification contracts worth a total of about S$125 million. The FPSO conversion project Keppel Shipyard will be undertaking is for Armada Madura EPC Limited, a joint venture between long-standing customer Bumi Armada Berhad (Bumi Armada) and Shapoorji Pallonji Group (Shapoorji Pallonji).

OCV Conversion Contract for Havyard

Image courtesy of Havyard

Havyard Ship Technology has been contracted to convert the offshore construction vessel (OCV) 'Havila Phoenix' for underwater cable laying and trenching operations. Havila Phoenix is a Havyard 858 design, delivered from Havyard’s shipyard in Leirvik as a construction vessel in 2009. Since then the vessel has had different charterers and executed several different operations in connection with subsea oil production installations. For a new charter, the vessel needs to be lengthened with 17,4 m to accommodate the new equipment, and close to 700 tons of new steel will be installed.

ASL Marine Secures New Contracts

 Photo:  ASL Marine Holdings Ltd

Shipbuilder ASL Marine  has secured a total S$156 million worth of contracts from its shipbuilding, shiprepair & conversion, shipchartering and dredging engineering divisions. The contracts secured are mainly from repeat customers in the region as well as in the Middle East, the US and Europe, it said, adding that there are potential additional orders from a certain customer upon successful delivery of current projects. The shipbuilding and shiprepair & conversion contracts are…

Keppel Shipyard Secures S$142 Million Contracts

Keppel Shipyard Ltd (Keppel Shipyard) has secured three conversion contracts worth a total of S$142 million. These conversion contracts are to convert a Liquefied Natural Gas (LNG) Carrier to a Floating Storage Unit (FSU), a VLCC tanker to a Floating Storage and Offloading (FSO) unit as well as a tanker to a Floating Production Storage and Offloading (FPSO) unit. Mr Nelson Yeo, Managing Director of Keppel Shipyard, said, "We are glad to have the trust and confidence of the global industry for a range of conversion projects. Working closely with our customers, we will continue to enhance and extend our capabilities, and ensure safe and high quality deliveries." The first contract is for the fast-track conversion of the LNG carrier Tenaga Empat into a FSU for Malaysian customer MISC Berhad.

Malta Drydocks Wins Conversion Contract

Malta Drydocks was awarded a contract by Brovig-RDS of the U.K. to convert the former Shell tanker Northia to a floating storage and offloading unit. The contract is the first of its type for the Malta yard in nearly 20 years. Malta Drydocks said a group of international experts from Poseidon Maritime of Aberdeen, Scotland and Petromaritime Consulting of Monaco had assisted it in the preparation of the winning bid and will be working with the yard on the execution of the contract. The 133,500-dwt Northia was built in 1971 for North Sea Operations. The conversion work will be handled between February and April next year, after which the vessel will be based in the Isis field off the coast of Tunisia.

NASSCO Lands $22 Million Conversion Contract

National Steel and Shipbuilding Company (NASSCO), was awarded a contract valued up to $22 million to finish off the second phase of a program to convert a U.S. Navy Strategic Sealift Program vessel to comply with the enhanced readiness capabilities of the U.S. Marine Corps' Maritime Prepositioning Force. Preceding by this was the project first phase, which called for the development, design, material specifications and planning for Phase II - the actual conversion work - which will commence immediately. The vessel, named USNS Soderman, will arrive at NASSCO on May 8 where it will receive additional living quarters for 50 marines, a new in-water ramp and all-weather flight deck by March 1, 2001.

Keppel Wins SBM FPSO Conversion Deal

As energy markets start to rebound, Keppel Shipyard Ltd. secured a Floating Production Storage and Offloading vessel (FPSO) conversion contract from  SBM Offshore N.V. (SBM Offshore). The contract calls for a VLCC to be converted into an FPSO, to be deployed to the Liza field, located approximately 193km offshore Guyana in the Stabroek block. The shipyard's work scope includes refurbishment and life extension works, such as the upgrading of living quarters, fabrication and installation of spread mooring systems, as well as the installation and integration of topside modules. The converted FPSO will have a storage capacity of 1.6 million barrels of crude oil and is capable of producing up to 120,000 barrels of oil per day.

SBM Offshore Awards Keppel Deal for Two FPSOs

FPSO OSX-2. (Photo: SBM)

Keppel Shipyard Ltd (Keppel Shipyard) has secured two Floating Production Storage and Offloading (FPSO) conversion contracts from repeat customers worth a combined value of S$190 million. These contracts are from SBM Offshore N.V. (SBM Offshore) and M3nergy Offshore Limited (M3nergy Offshore). Mr Michael Chia, Managing Director (Marine & Technology), Keppel Offshore & Marine (Keppel O&M), said, "The award of these contracts from our repeat customers affirms their confidence in us.

Bender Granted Conversion Contract From Cal Dive

Bender Shipbuilding & Repair of Mobile, Ala., has been awarded the conversion of the 400 x 102 ft. (121.9 x 31 m) Sea Sorceress. The barge, which will be converted from a manned fuel barge to a DP-II construction barge for Cal Dive International of Houston, Texas, will receive eight 850 kW retractable Z drives. These drives will be powered by four Wärtsilä generators providing 6.6kV of power. A new engine room on the dynamically positioned barge will be used for the vessel's main source of power, as well as ancillary equipment. A 31 x 102 ft. (9.4 x 31 m) stern piece will be removed and replaced by a new stern housing for four of the thrusters - the other four will be positioned forward in the bow.

Master Boat Builders Completes Conversion for Oceaneering

Master Boat Builders has successfully completed a vessel conversion contract for Oceaneering International, Inc. Ocean Quest, built in 2001 as the Gulf Quest, has been upgraded and converted into a 145-ft. (44.1-m) dive support vessel featuring: 2,100 sq. ft of deck space; Live boating capabilities; 24 person accommodations (in addition to vessel crew); Dive support equipment installed below deck; Marine rated API 10 ton crane on the stern; 24 hr. operational capacity; Built-in, below deck, 6 x 6 jet pump. Working in the Gulf of Mexico, Ocean Quest is ideally suited for Inspection, Maintenance, & Repair (IMR) activities on pipelines & platforms in water depths down to 300 fsw.

Keppel Wins Second FLNG Conversion Contract

Keppel Shipyard has secured a firm contract from Golar Gimi Corporation (Golar Gimi), a subsidiary of Golar LNG Limited (Golar LNG), to perform the conversion of a second Moss Liquefied Natural Gas (LNG) carrier, the GIMI, into a Floating Liquefaction Vessel (FLNGV). The contract, which has become effective, is worth approximately $705 million. Michael Chia, Managing Director (Marine & Technology), Keppel O&M, said, "We are happy that Golar LNG is proceeding with their second FLNGV conversion, and would like to thank them for once again entrusting Keppel Shipyard as their lead contractor of choice. This second contract comes just six months after the first contract, and we are encouraged by this positive development.

Cosco Bags Research Ship Order

Photo credit: Cosco (Guangdong) Shipyard

Cosco (Guangdong) Shipyard secured a contract worth over 129 million yuan ($20.8m) to build one research vessel, to be delivered in the fourth quarter of 2017. The contract will become effective upon the receipt of letter of guarantee from the shipyard's bank. Cosco (Guangdong) Shipyard is a subsidiary of Cosco Corporation (Singapore) Ltd's 51 per cent-owned subsidiary, Cosco Shipyard Group. The contract is not expected to have a material impact on the net tangible assets and earnings per share of Cosco Corporation (Singapore) for the year ending Dec 31, 2015.

Maritime Reporter Magazine Cover Apr 2018 - Offshore Energy Annual

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