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East Pelican Island News

27 Jul 1999

FirstWave/Newpark Awarded Trio of Contracts

Providing ship repair, conversion, new construction and related services for barges and other vessels, FirstWave/Newpark Shipbuilding has garnered three new contracts. Pleiades Shipping Agents awarded the company for collision damage repair of 55,000-dwt vessel, MT Nestos. The ship, which sustained damage on its port side near the bow and just above the waterline, underwent repairs at the company's East Pelican Island facility. FirstWave has also been granted a contract by East Boston-based Sterling Equipment for the construction of two 140 x 40 ft. offshore deck barges scheduled for delivery in 1999. In addition, the company will also repair the mat on the Phoenix VI rig for Rio Grande Supply Company. The jack-up rig was loaded on heavy lift barge Boa 16, to make the repairs.

28 Jul 2000

FirstWave/Newpark Awarded Contract Duo

FirstWave/Newpark Shipbuilding was granted two contracts from Marine Drilling Company. The Marine Rig 202 arrived from Singapore on June 26 for skirt repairs and replacement to the rig mat. The Marine Rig 201 - also from Singapore arrived at Newpark's East Pelican Island Facility June 28 for minor repairs and loadout.

18 Aug 2000

Contracts

Bollinger Shipyards, Inc., Lockport, La., has signed a contract to build two, 250-ft., double hull, jumbo coastwise service, single rake hopper barges for Tide Leasing, LLC, Birmingham, Ala. Construction has begun on the first barge and building of the second vessel will begin in August. Both are scheduled for delivery in November 2000. Overall, each barge will be 250 ft. in length, with a 52.5-ft. beam and 14-ft. depth and 11.5 ft. maximum draft. They will be built with .75-in. steel at the hopper bottoms and .625-in. steel at the hopper sides plus .5-in. T-1 liner plates on the bottom and upper sides of the hopper. Each will be able to carry up to 3,000 metric tons of coal and will operate out of Santa Marta, Colombia. Shearer and Associates, Inc., Metairie, La.

06 Sep 2000

FirstWave/Newpark Shipbuilding Awarded Contract by GLM

FirstWave/Newpark Shipbuilding has been awarded a contract from Global Marine Drilling Company of Houston, Texas for final commissioning of drilling equipment and other miscellaneous completion work on the newbuild drillship Glomar Jack Ryan. The vessel left builder Harland & Wolff Shipyard in Belfast, Northern Ireland, on August 20 and is scheduled to arrive at FirstWave's East Pelican Island Facility in Galveston early September.

14 Jan 2003

First Wave Terminates Contract with Crest Hidayat Limited

First Wave/Newpark Shipbuilding announced today that it has terminated its contract with Crest Hidayat Limited, a Malaysian company, due solely to the failure of Crest Hidayat Limited to meet its payment obligations under the contract and the failure of its parent corporation, Crest Petroleum Bhd, to fulfill its obligations as guarantor under the contract. Crest Petroleum has publicly reported the difficulty to be the result of the suspension of its credit sources. Crest has further advised the company that it is seeking to establish new funding for the project. The contract, announced by the company in June 2002, involved the repair and conversion of a semi-submersible drilling rig Teknik Hidayat, formerly known as Pan Producer, to a self-erecting tender-assist rig.

26 Aug 1999

Expanded and Upgraded

Newpark Shipbuilding has increased its portfolio of businesses from one to six in the past 18 months, but don't expect this Houston-Galveston region company to rest on its laurels. More growth is expected and planned. Newpark Shipbuilding was formed in the early 1990s by Sam and Frank Eakin. The Eakins, with an investment banking background, saw opportunity in the Houston-Galveston area for consolidation amidst the fragmented shipbuilding industry. The Eakin's goal was a strong shipyard network. Less than a decade later, Newpark Shipbuilding has acquired enough yards to constitute what the company refers to as a "shipbuilding network." Altogether, six facilities have been acquired in the Houston-Galveston area, employing more than 1,200 people.

17 Sep 1999

FirstWave/Newpark Contracted for Drill Rig Upgrade

Schlumberger/Sedco Forex has contracted FirstWave/Newpark Shipbuilding for upgrades and maintenance work on the offshore semi-submersible drilling rig Bill Shoemaker. The rig was brought into Newpark Shipbuilding's East Pelican Island yard in Galveston, Texas in December 1998. The company provides repair, conversion, new construction and related services for barges, boats, ships, offshore rigs, and other vessels in the offshore and inland marine industries.

08 Nov 1999

FirstWave/Newpark Awarded Repair Contract

FirstWave/Newpark Shipbuilding was granted a contract by Pride Offshore of Houma, La. for repair and maintenance of the jack-up drilling rig Pride Colorado. The rig, which arrived at the company's East Pelican Island facility in Galveston during mid-October, will be drydocked on a heavylift barge for inspection and repair, if required. Newpark has completed three successful dockings on lift barges in the past.

16 Dec 1999

FirstWave Granted Contract By Blessey Marine

FirstWave/Newpark Shipbuilding was awarded a contract by Blessey Marine Services of Hanrahan, La. for the construction of a 30,000-bbl capacity double-hulled tank barge. Measuring 298 x 54 x 13 ft. (90.8 x 16.4 x 3.9 m) the vessel will be built at FirstWave's Greens Bayou Facility for a June 2000 delivery. FirstWave was also granted a contract by Global Industries of Carlyss, La. for a scheduled drydocking and routine regulatory maintenance of the Small Water-plane Area Twin Hull (SWATH) vessel MV Pioneer at the company's East Pelican Island Facility in Galveston.

17 Jun 1999

FirstWave/Newpark Awarded Trio Of Contracts

Providing ship repair, conversion, new construction and related services for barges and other vessels, FirstWave/Newpark Shipbuilding has garnered three new contracts. Pleiades Shipping Agents awarded the company for collision damage repair of the 55,000-dwt vessel, MT Nestos. The ship, which sustained damage on its port side near the bow and just above the waterline, underwent repairs at the company’s East Pelican Island facility.