Dyna News

South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million).The improved offer of S$0.67 per share represents a 35.4% premium to Dyna-Mac's last traded price on Sept. 10, before Hanwha's earlier offer of S$0.60 per share was disclosed.Shares of Dyna-Mac last closed at S$0.65, having climbed 94% year-to-date, LSEG data showed.Hanwha…

FPSO leasing company BW Offshore said Thursday that the hull of BW Opal, one of the largest FPSO hulls ever built and destined for Santos' Barossa gas project in Australia, had set sail from a yard in South Korea and was en route to Singapore for topside integration."On October 28, 2023, at 11:30 local time, the newbuild hull for the BW Opal FPSO, which is based on BW Offshore’s RapidFramework concept, started tow from the SK Oceanplant (SKOP) yard in South Korea, to the integration shipyard in Singapore…

Singapore-based Dyna-Mac has secured several contracts, including an order to construct topside modules for an FPSO vessel.Dyna-Mac said that it had recently secured contracts worth a total provisional sum of S$88.0 million from unnamed repeat customers.The main contract involves the construction of topside modules for an FPSO. Dyna-Mac will start the construction of the topside Modules in the first quarter of 2024 and will utilize the new yard space recently secured. The project is expected to be completed in the third quarter of 2025…

Singapore's Keppel Offshore & Marine has, via its subsidiary Keppel Shipyard, secured contracts worth around S$250 million (~USD180,4 million) for the integration of two Floating Production Storage and Offloading vessels (FPSO).Keppel Offshore & Marine, which is set to merge with Sembcorp Marine, said Friday that the FPSO integration contracts were awarded by repeat customers, BW Offshore, and SBM Offshore.The first contract is between Keppel Shipyard and BW Offshore to carry out the integration work on a newbuild FPSO.

Is it true that Sailing Cargo is building the world’s first mobile aquaculture ship?That is correct. We at Sailing Cargo Inc. want to change the future of global fishing while proving the value of clean shipping. Our team of experienced professionals is building the world’s largest zero emission sailing vessel in order to respond to the increasing global demand for healthy salmon and protein in the most efficient and environmentally sustainable manner. The conventional fish farming…

SBM Offshore, the Dutch-based FPSO company, said Tuesday that the topsides lifting campaign for the Liza Unity FPSO was recently completed. The FPSO is being built for deployment at ExxonMobil's Stabroek offshore block in Guyana."Thanks to the efforts of the integrated team, over 26,000 tons of topsides were safely lifted in position at Keppel Shipyard in Singapore since the vessel came out of dry-dock in October of last year," SBM Offshore said.© SBM OffshoreSBM Offshore said…

Offshore engineering and construction firm McDermott on Thursday announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japans' Modec.The new shipment comes just weeks after the first shipment of modules sailed away from McDermott's Altamira fabrication facility in Mexico to be installed on the FPSO named Miamte MV34.The once completed, the FPSO will be located in the Eni-operated Area 1 block, approximately six miles…

The Tunisian government has taken delivery of a new training ship, Zarzis A710, which will support diving and security works in air and sea areas of the Mediterranean. The vessel was built by Vittoria Shipyard SpA and commissioned by the Tunisian Defense Ministry as part of the Tunisian-Italian cooperation agreement signed in spring 2015. The Diving Support Vessel will be deployed by the Tunisian authorities as part of the stabilization and pacification operation in North Africa and the Mediterranean area.

Dyna-Mac has secured a Letter of Award (LoA) from Armada Cabaca Ltd. worth approximately $48 million (USD) for the construction of six FPSO topsides modules. Armada Cabaca Ltd, an affiliate of Bumi Armada Berhad (Bumi Armada), a Malaysia-based international oilfield services provider to the oil and gas industry, contracted Dyna-Mac for a scope of work including detailed engineering and the fabrication of six units of topsides modules for an FPSO vessel that will be deployed at Eni’s Block 15/06 East Hub field, located 350 km northeast of Luanda in deep water offshore Angola. The topsides FPSO modules are scheduled to be delivered to the owner within the first quarter of 2016.

12/09/13  C.P. Data prepared by Shipping Intelligence, Inc., New York.

Developments are underway at the University of Southampton to design the modern world’s first 100% fossil fuel free sailing cargo ships, in a project which aims to provide efficient and affordable low-carbon shipping in the face of rising fossil fuel prices and the global challenge of reducing greenhouse gas emissions. The project combines proven technology and a state of the art dyna-rig sail propulsion system with an off the shelf Rolls-Royce engine powered by waste derived liquid biomethane (liquid gas). The ships are being developed by B9 Shipping, part of the B9 Energy group of companies, which has started work on a full-scale demonstration vessel validating the engineering and economic assumptions of the initial vessel design.

The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the full year ended 31 December 2011. The FY 2011 Report Card and the Address by Mr Choo Chiau Beng, Chief Executive Officer, are below. I am pleased to announce that 2011 was yet another record year for Keppel Corporation. Our net profit grew by 14% to a new high of nearly $1.5 billion. This is the fifth year running that our net profit has surpassed the $1 billion mark. Also for the fifth consecutive year, our Return on Equity has remained above 20%. Economic Value Added has also increased to $1,024 million for the year. With these strong results, the Board of Directors will be recommending a total distribution to shareholders of 43 cents per share for the whole year.

Keppel Offshore & Marine Limited (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), has acquired a 27.77% stake (250,000,000 shares) in topside module fabricator Dyna-Mac Holdings Ltd (Dyna-Mac) via an equity placement. This follows Dyna-Mac's successful listing on the main board of Singapore Exchange Securities Trading Limited (SGX) today. KSI's total investment is S$87.5 million based on the invitation price of 35 cents per share. The equity placement, through its investment vehicle KSI, is part of a collaboration between Keppel Shipyard (a wholly-owned subsidiary of Keppel O&M) and Dyna-Mac to jointly pursue the topside module business beyond Singapore's shores.

While the market news from the passenger vessel industry has been anything but bright, a few shipyards are building new facilities to better serve their customer base. One of the best examples is Island Boats, Jeanerette, La., Island Boats formerly was located on a very dry patch of land overlooking Highway 90 near New Iberia, La. . After construction, their vessels had to be trucked to the Port of Iberia, several miles away. "The cost to us and inconvenience to others in the Port was becoming a major problem as our boats got bigger," said Miles Thomas, president of the firm. The firm solved this problem in May by moving to a six acre plot of land that backs up to Bayou Teche, approximately eight miles from the Baldwin Canal that has direct access to the Intercoastal waterway.

The Hong Kong-flag bulker Dyna Gemini was blocking shipping at Sepetiba, Brazil, after running aground in the middle of the access/exit channel, Reuters reported. The 151,066-dwt bulker was carrying 170,000 tons of iron ore from Sepetiba for an unknown destination. Dyna Gemini was being assisted by tugs and a dredger. No damage or pollution has been reported so far. - (Reuters)

Sensotec's Model 424 & 425 Hammer Union pressure transmitter are rugged sensors designed specifically for use with 1502 and 2202, two-in. wing unions in the demanding environment of drilling installations. Typical high-pressure applications include mud logging, cementing, fracturing, acidizing, nitrogen pumping, and other upstream well servicing applications. The Model 425 is available in ranges from 0-5,000 to 15,000 psi. The Model 424 is available in ranges from 0-15,000 to 20,000 psi. Both the 425 and 424 deliver accuracy of 0.2% (BFSL). Standard output is 4-20 mA (2-wire) with a supply voltage of 9-28 VDC. Each unit is RFI / EMI protected. Operating temperature is from -45 to 200 degrees F. The "ESX" Power sections provide high torque at very low speed for mud motors.