Bibby Offshore Recapitalization Completed
Subsea services provider Bibby Offshore Holdings Limited said it has completed the recapitalization of its balance sheet announced on December 5, 2017. The agreement to recapitalize the balance sheet was approved January 10 by 98.7 percent of noteholders of the £175 million (approximately $243 million) 7.5 percent senior secured notes, and makes noteholders the new owners of the group. “The completion of the recapitalization will be transformational for Bibby Offshore and is a major milestone for our business,” said Howard Woodcock, chief executive of Bibby Offshore.
CVN 78 Ship Specifications Signing Scheduled for Sept. 5
The Naval Sea Systems Command’s (NAVSEA) Ship Design, Integration and Engineering Directorate and the Program Executive Officer for Aircraft Carriers (PEO Carriers) will commemorate the certification of CVN 78 ship specifications in a signing and awards ceremony to be held Sept. 5 in the NAVSEA Headquarters auditorium, Washington Navy Yard. Rear Adm. Charles H. Goddard, NAVSEA vice commander, will also present the Award of Merit for Group Achievement to the CVN 78 Design Team in recognition of this major milestone in the future aircraft design process.
Harris Logs onto Milstar Satellite
Harris Corporation has completed another major milestone in a $1b U.S. Navy communications program competition: logging onto a Milstar satellite using an Advanced Extremely High Frequency (AEHF) Navy Multiband Terminal prototype system onboard a platform that simulates submarine conditions. Harris has successfully demonstrated low data rate(LDR), medium data rate (MDR) and extended data rate (XDR) logon for the various ship and shore terminals -- including submarine mast and periscope versions -- under simulated platform motion consistent with high-sea states. The successful demonstrations are the culmination of three years of waveform design and hardware/software development as part of the AEHF Navy Multiband Terminal program.
US Aircraft Carrier 'Ike' Leaves Drydock
The aircraft carrier USS Dwight D. Eisenhower (CVN 69) (Ike) has left dry dock and moved from Dry Dock 8 to pier 42/43 at Norfolk Naval Shipyard (NNSY) in Portsmouth, Va. informs USN. USS Dwight D. Eisenhower has been in dry dock since September 2013, conducting a scheduled docking planned incremental availability (DPIA) period. "Without the excellent work of the ship's team leaders and zone managers, the ship wouldn't have been ready when it was," said Lt. Cmdr. Jeremy James, Ike's maintenance manager.
Expro’s AX-S Subsea Well Intervention System
International oilfield services company Expro is celebrating the commissioning of its ground-breaking AX-S well intervention system. The AX-S system, on board the Havila Phoenix vessel, completed its final commissioning successfully on a subsea well in a fjord (Onarheimsfjorden), in Norway, in April. Many major milestones were achieved and preparations are now under way for its first commercial well intervention job in the North Sea. All operations during the commissioning were carried out safely without any incidents.
Ford Achieves Important Milestone
Pre-Commissioning Unit Gerald R. Ford (CVN 78) completed its turn ship evolution June 11. This is a major milestone that brings the country's newest nuclear powered aircraft carrier another step closer to delivery and commissioning later this year. "Turning the ship is an opportunity for the crew to demonstrate for the first time all the procedures required to get the ship underway safely," said Commanding Officer Capt. Richard McCormack. This operation marks the first time Ford has moved from its pier since coming out of dry dock in November 2013. The ship's stern now faces the James River.
Coast Guard to Hold In-Commission Special for National Security Cutter
The Coast Guard will hold a ceremony on May 8, 2008 at 1:00 pm in , to acknowledge preliminary acceptance (delivery) and "In-Commission Special" status of its first National Security Cutter, BERTHOLF (WMSL 750). Not to be confused with a Commissioning, Thursday's event is meant to recognize the importance of reaching this milestone and to formally transfer the cutter to a Coast Guard crew. "In Commission Special" status begins when the Coast Guard crew takes possession of the vessel. It then enters a post-delivery period of approximately 22-24 months, during which crew training, operational evaluation and certification, and regularly scheduled maintenance availabilities will occur to ensure it meets all performance and operational requirements.
Matson Celebrates 125th Anniversary
Matson Navigation Company reached a major milestone in the U.S. maritime industry in celebrating 125 years of Pacific shipping. The company was launched on April 10, 1882 when Captain William Matson sailed his three-masted schooner Emma Claudina from San Francisco Bay to Hilo, Hawaii, carrying 300 tons of food, plantation supplies and general merchandise. That voyage launched a company that has been involved in such diversified interests as oil exploration, hotels and tourism, military service during two world wars and even briefly, the airline business. Throughout its history, Matson has served Hawaii continuously and today remains the state's leading ocean carrier, serving all of the major ports of the Islands.
East Coast UK Wind Farm: Final Turbine Installed
The 75th and final turbine has been installed at the Lincs Offshore Wind Farm. The installation marks a major milestone in the development of the 270MW project, which will be capable of producing enough energy to meet the annual power needs of more than 200,000 households – equivalent to two thirds of the homes in Lincolnshire, reports the Lincolnshire Echo. Construction of the project, located eight kilometres (five miles) off the coast of Skegness, started in 2010 with full commissioning expected later this year. Lincs is a joint venture between leading UK energy company Centrica Energy, DONG Energy and Siemens Project Ventures. When complete it will be managed from Centrica’s new operations and maintenance base in Grimsby, which was opened last year as a major new hub for the business.
Offshore Systems Meets Milestone in Warship-AIS Program
With the installation of Warship Automatic Identification System (W-AIS) on HMS Illustrious, the current Fleet Flag Ship of the Royal Navy, Offshore Systems Ltd. meets a major milestone of the first major platform fit of this capability. W-AIS provides the Royal Navy with exciting new capabilities that enhance situational awareness for bridge teams through the overlay of AIS contact data onto Warship Electronic Chart Display Information System (WECDIS), whilst providing the military user with a broad source of information and tools that help to extract military advantage from any AIS message including a comprehensive Recognized Maritime Picture. HMS Illustrious is the twelfth Royal Navy platform to receive this capability.
Liberia Sets Ship and Tonnage Records
The Liberian Registry celebrated the end of 2007 having achieved a major milestone in its history when its vessel count reached 2,665 and its aggregate gross tonnage peaked at 82,165,902. This comfortably surpasses the previous record of 2,617 ships and 81.5m gt, which was achieved in the period between 1975 and 1979. The Liberian Registry is one of the world’s largest and most active shipping registers, with a long-established track record of combining the highest standards for vessels and crews with the highest standards of responsive service to owners. Scott Bergeron says “The fact that the registry now has more ships and more tonnage on its books than at any time in its history, under any management, is testimony to the professionalism of the Liberian maritime programme.”
China Shipyard Delivers Double-hull Bunker Tanker to AMPN
Aegean Marine Petroleum Network Inc announce that it has taken delivery of the Symi, a 6,270 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The Symi, which is expected to be deployed to the Company's market in West Africa, represents the final vessel under Aegean's plan to take delivery of 31 double-hull bunkering tanker newbuildings. E. Nikolas Tavlarios, President, commented, "We are pleased to take delivery of the Symi and complete our fully funded newbuild program, a major milestone for our Company.
World's First FLNG Vessel Steel-Cutting
A steel cutting ceremony for the hull of Petronas' first Floating Liquid Natural Gas (FLNG) held at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. The steel cutting event signifies a major milestone for the project, which according to Petronas is the world’s first, and the construction phase now commences to meet its commissioning schedule in 2015. The ceremony was led by Petronas’ President and Group CEO, Tan Sri Dato’ Shamsul Azhar Abbas and was jointly hosted by Technip’s President & CEO Mr. Thierry Pilenko and DSME’s President & CEO Mr. Jaeho Ko. The floating LNG facility will be located in Malaysia’s Kanowit gas field, 180 kilometres offshore Sarawak and will have the capacity to produce 1.2 mtpa of LNG per year.
Former Coast Guard Cutter Leaves Under Bangladeshi Colors
'BNS Somudra Joy' (formerly the Coast Guard Cutter 'Jarvis'), sailed recently from Alameda, marking a major milestone in international cooperation between the United States and Bangladesh. Joined by a small Coast Guard team of advisors, headed by Cmdr. Wendy Tomko, the Bangladeshi crew will make port calls at San Diego, Honolulu, Guam and Malaysia on their way to Bangladesh. This concludes a two-year-long process of identifying the cutter for decommissioning, advising foreign allies of its availability…
Australian Warship Hull Departs Spain Aboard 'Blue Marlin'
The second and last of the Royal Australian Navy’s new amphibious ships has left the builder's yard, Navantia Ferrol shipyard, Vigo, in northern Spain, bound for Melbourne, informs the Australia Defence Force. “The Canberra-Class LHDs are the largest ships ever built for the Navy and will provide the Australian Defence Force with one of the most capable and sophisticated amphibious deployment capabilities in the world,” Defence Minister Senator David Johnston said. When completed the LHDs will be more than 230 metres long, 27.5 metres high and weigh around 27,500 tonnes.
MARAD to Mark the Return of MV Cape Ray
Maritime (MARAD) Administrator Paul N. Jaenichen will host a ceremony on Friday, September 19, 2014 in Portsmouth, Va. to honor the civilian crew who helped to destroy Syria’s chemical weapons at sea aboard the MV Cape Ray. The MV Cape Ray, crewed by all-volunteer U.S. Merchant Mariners, supported an international effort with China, Denmark, Finland, Germany, Italy, Norway, Russia and the U.K. to destroy Syrian chemical weapons and agents at sea. The M/V Cape Ray is one of MARAD’s…
Rear Adm. Blore Tours Cutter
U.S. Coast Guard Rear Adm. Gary T. Northrop Grumman's facility in Pascagoula, Miss. James Anton, executive vice president of Integrated Coast Guard Systems, left, and Royce Winbush, general ship superintendent, right, escorted Rear Adm. Blore through various areas of the new ship. Bertholf, a 418-foot Legend-class cutter, is part of the Integrated Deepwater System, a critical multi-year, multi-billion dollar program to modernize and replace the Coast Guard's aging ships and aircraft, and improve command-and-control and logistics systems. Lockheed Martin, is handling the Deepwater contract. Cutters as part of the Deepwater program. mast background. christened this fall.
Port of Ngqura Receives First Commercial Vessel
On October 4 the new deepwater Port of Ngqura in South Africa witnessed the 984.2-ft long, 42.6-ft deep MSC Catania became the port terminal’s first commercial vessel. The docking of the vessel – while a major milestone for the port and the country – was used as a real live test-run for vessel operators to hone their skills in this first commercial container offloading at the Port of Ngqura. The MSC Catania is part of MSC’s Europe Service. It arrived en route from Durban where adverse weather conditions during the week had delayed its expected arrival at the Port of Ngqura. Two gangs of operators – with a third on standby – successfully put months of training to the test in handling and offloading the vessel using the port’s state-of-the-art Liebherr ship-to-shore cranes.
NG Celebrates 60 Years in Marine Radar
Northrop Grumman Corporation’s (NYSE: NOC) Sperry Marine business unit is marking a major milestone in the history of the company’s leadership in radar technology with the celebration this year of the 60th anniversary of the launch of its first marine radar. Sperry Marine’s heritage in marine radar dates back to August 1949, when the U.K.-based Decca Marine Group introduced its first commercial marine radar product, the Type 159. The Decca brand product lines later became incorporated with Sperry Marine under Northrop Grumman ownership. DaCunha noted that the company has sold more than 150,000 marine radar sets in almost every country of the world since the first product appeared in 1949.
VSD Opens New Branch Office in the UAE
VSD, LLC (VSD) announces one of its subsidiary companies, VSD Global (VSDG), is set to open a new branch office today in the United Arab Emirates (UAE). VSDG was established in early 2011 in Saudi Arabia. VSDG UAE Branch Manager Ahmad Halabi stated, “It is an exciting time in the Middle East and the UAE. VSDG focuses on consulting and management within the region. The new branch office is located in Sharjah, UAE. VSD Managing Director Chuck Wythe said, “The opening of our VSDG branch office in the UAE is a major milestone in VSD’s strategy for our successful expansion in the Middle East.
TITAN Salvage Lighters the New Flame
With personnel working around the clock for the past 10 days, the TITAN Salvage team in Gibraltar managed to reduce the weight of the New Flame's stern section by 300 tons to about 2,660 tons, thereby enabling the crane barge Rambiz to lift the piece free from the water and place it aboard the barge Giant III for onward transport to a scrapping facility. The achievement is the latest in a series of major milestones, in what is believed to be the largest wreck removal operation being undertaken in the world today.
Lockheed Martin Demonstrates New Radar Capabilities
Lockheed Martin showcased its newest radar capabilities to U.S. Navy officials, legislators and international customers. Lockheed Martin's Moorestown facility is world-renowned for its advanced naval radars, especially its SPY-1 phased array radar. SPY-1 is the main sensor in the Lockheed Martin-developed Aegis Weapon System, which is installed on 65 percent of the U.S. Navy's surface combatants, warships in Japan and Spain, and recently was selected for warships in Norway and Korea. During today's event, Lockheed Martin publicly unveiled its newest radar, the S-Band Advanced Radar, or SBAR. SBAR provides greatly improved detection at much greater ranges than the current SPY-1 radar, a key requirement to counter ballistic missile defense threats. Additionally, SBAR will improve the U.S.
Aker Kvaerner Awarded Contract for White Rose Platform
Aker Kvaerner, part of the international oil services, engineering and construction, and shipbuilding Group, Kvaerner, announced that Husky Energy has awarded the joint venture comprising Aker Kvaerner (49 per cent) and its partner Peter Kiewit & Sons Co. (51 per cent), an EPC contract for the complete topside facilities for the White Rose FPSO, offshore Newfoundland, Canada. The contract has a value of approximately $400 million. The White Rose field will be developed with a production vessel, and the contract is regarded as a major milestone in Aker Kvaerner's strategy, for which the Canadian market is a key geographical area. All engineering…