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Monday, July 16, 2018

Island Offshore Management News

Island Offshore Orders PSV

construction of an ULSTEIN P105 platform supply vessel, with an option for a further vessel of the same type. The vessel in order is worth around NOK 200 million. until April 2005. as the contract between Island Offshore IX KS and Ulstein Verft was signed. P105 design series, with the option for a second one. Bakkely and the Ulstein Loen family. Mekaniske Verksted Holding ASA. has operated one vessel. operating the new vessel from Ulstein Verft. exciting and important new partner for the shipyard. "The Island Offshore Group has local roots and has now chosen to invest locally. name.

iSURVEY Awarded Two-year Contract with Island Offshore

Island Valiant

iSURVEY has been awarded a two-year contract with offshore vessel owner, Island Offshore Management, which will see iSURVEY AS provide positioning services to Island Offshore as part of a call off arrangement. Operations have already commenced on the first vessel, Island’s DP2 Light construction vessel, the Island Valiant. Following current well head cutting work in the Danish sector, iSURVEY will be supporting Island Offshore for further subsea work in the North Sea.

KHI, Island Offshore Terminate Newbuild Contract

Image Credit: Rolls Royce Marine

Kawasaki Heavy Industries, Ltd. (KHI) announced today that the company has decided to terminate, by agreement with Island Navigator I KS, its shipbuilding contract for the top hole drilling/light well intervention vessel, Island Navigator. The yard state that is has been facing difficulties in its engineering process as well as with increases of material costs since the contract was signed. Combined with a common understanding that the environment surrounding the offshore development industry is…

Shipyard Contract Cancelled

Illustration of UT 777. (Copyright Rolls-Royce Marine AS)

Ongoing uncertainty in the global offshore energy sector has claimed another casualty, as Kawasaki Heavy Industries announced that it has terminated -- in agreement with Island Navigator I KS -- the shipbuilding contract for the top hole drilling/light well intervention vessel, Island Navigator. A number of factors were cited in the decision to cease the construction, including difficulties in the engineering process and increased material costs since the signing of the contract…

Kawasaki, Island Offshore Drop Shipbuilding Contract

Photo: Island Offshore Management

Kawasaki Heavy Industries (KHI) has decided to terminate, by agreement with Island Navigator In KS, its shipbuilding contract for the top hole drilling/light well intervention vessel, Island Navigator. The yard state that is has been facing difficulties in its engineering process as well as with increases of material costs since the contract was signed. Combined with a common understanding that the environment surrounding the offshore development industry is, and will be, severe and unpredictable in the period of the Vessel’s remaining construction…

Maritime Reporter Magazine Cover Jul 2018 - Marine Communications Edition

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