Offshore Co News

SGX-listed Marco Polo Marine has signed a framework agreement with wind turbine maker Vestas, which finalizes the previous Memorandum of Understanding signed in December 2022 between its Taiwan-based subsidiary, PKR Offshore Co., Ltd and Vestas Taiwan Co., Ltd for the maiden deployment of its new Commissioning Service Operations Vessel (CSOV). According to Marco Polo Marine, the new CSOV, which can accommodate up to 110 people, will be deployed across various offshore wind farms in the Asia Pacific region over three years…

Dutch crane specialist Huisman won a contract with China's COSCO Shipping (Qidong) Offshore Co., Ltd. for the design and construction of a Leg Encircling Crane (LEC).The crane, with a fully electrically driven system, will be installed on the $345 million F-class jack-up vessel recently ordered by the Danish offshore wind installation firm Cadeler. The vessel will be able to install both offshore wind foundations as well as the next-generation wind turbines.To remind, Huisman last year won contracts for two identical 2…

PACC Offshore Services Holdings (“POSH”), a Singapore-based offshore marine services provider, said Friday it would be will be shifting its push into renewables away from operational support in the fixed wind market into the development of the fast-growing floating wind market.As such, the company said it had has divested its Taiwan-based POSH Kerry Renewables Joint Venture (“JV”). POSH entered into a share purchase agreement with Oceanic Crown Offshore Marine Services Ltd, the joint venture arm of Marco Polo Marine Ltd, to sell its entire share capital of PKR Offshore Co. Ltd. (“PKRO”)."POSH Kerry Renewables has been servicing the offshore renewables market in Taiwan since 2018.

Dutch offshore crane maker Huisman has secured a contract from China's COSCO Shipping (Qidong) Offshore Co., Ltd. to design and build two >2,000mt Leg Encircling Cranes (LEC) for Cadeler's recently ordered two new build X-class vessels.The identical Leg Encircling Cranes will have a 155-meter long boom, capable of reaching 180.5m above deck. Optionally, the boom can be upgraded to 175m in order to increase the lifting height to 200.5m. With these cranes, Denmark-based offshore…

Offshore wind installation company Cadeler has ordered two new X-class wind turbine installation vessels from China's COSCO SHIPPING Heavy Industry.The total order amounts to $651 million, so $325.5 million per vessel. According to Cadeler, the new vessels will, upon completion, be the largest in the industry. They will be built in COSCO's shipyard in Qidong, China."Cadeler is delighted to announce that negotiations with COSCO SHIPPING Heavy Industry Co. Ltd. have been finalized…

The article was updated to include a statement by a Deme spokesperson who said that the Orion delivery would be delayed following the accident.Following last week's crane collapse on offshore installation vessel Orion at Liebherr's yard in Rostock in Germany, Liebherr has said that the preliminary findings showed that a broken crane hook was the reason behind the accident.As previously reported, the accident happened last Saturday during the overload test of Liebherr's offshore heavy lift crane HLC 295000 aboard Deme's recently delivered offshore wind turbine installation vessel. The crane collapsed and was severely damaged.In a statement on Tuesday…

A giant crane collapsed on Saturday on Deme Offshore's flagship offshore vessel Orion at Liebherr's yard in Rostock, Germany, during crane load tests.Deme said Saturday that "a few persons suffered minor injuries." Deme Offshore said: "A serious accident has occurred today on board of offshore installation vessel ‘Orion 1’ at the occasion of and during crane load tests. The vessel is under construction and owned by COSCO (QIDONG) OFFSHORE CO., LTD. The vessel is moored at the quayside at the Liebherr construction yard in Rostock…

SBM Offshore announced it has signed contracts with Chinese shipyards for the construction of the company’s fourth and fifth hulls under its purchase program for Fast4Ward newbuild multipurpose floating production, storage and offloading unit (FPSO) hulls.The contracts were signed with Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS) and China Merchants Industry Holdings (CMIH). Both yards are also progressing the construction of SBM Offshore’s first three hulls which…

Singapore-based offshore vessel operator Pacific Radiance has won an arbitration award against a Chinese shipyard in a case involving two cancelled platform supply vessels (PSVs).The arbitral award provides for the refund of the pre-delivery instalment amounting to $2.8m along with contractual interest from the date of payment of the instalments until the date of refundThe arbitration case began in November 2016 when Pacific Radiance’s joint venture firm CA Offshore Investment Inc (CAOI) filed claims against Shanghai Waigaoqiao Shipbuilding & Offshore Co and China Shipbuilding Trading (Shanghai) Co in the Hong Kong International Arbitration Centre (HKIAC)…

European owner and operator of semi-submersible accommodation vessels Prosafe has submitted the largest bid in two online auctions for the supply of safety and maintenance support vessels to Brazil."Prosafe has participated in an online auction for the supply of safety and maintenance support vessels to Brazil and on conclusion of the auction achieved first place commercial ranking," said a statement from the operator of offshore accommodating units known as flotels.The auction concluded on 23 January 2019 was related to a two batch public opportunity with each resulting contract being for a three year duration.With Prosafe being ranked first place in both batches, the client will nominate which batch the Safe Eurus will be allocated.

SBM Offshore signed a contract Wednesday for a second hull in its planned series of Fast4Ward floating production, storage and offloading units (FPSO) with Chinese shipyard Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS).The order, which coincides with a keel laying ceremony for SBM's first Fast4Ward hull at the Shanghai shipyard, has been made before any engineering, procurement and construction (EPC) contract for the second hull. The Dutch company cited "continuing…

Norwegian contractor Prosafe and COSCO Shipping (Qidong) Offshore Co have come to an agreement on three newbuild offshore accomodation units being built in China."Prosafe has reached agreements with COSCO and its lenders which will transform the company’s fleet, market position and earnings potential, and secure a significantly enhanced financial runway," said a statement from the company.The agreement allows for flexible delivery and long-term financing of Safe Eurus, Safe Nova and Safe Vega. The Agreement with COSCO includes flexible option for delivery of the Units over a period of up to 5 years and a direct discount of USD 55 million…

Prosafe has extended a standstill agreement with COSCO Shipping (Qidong) Offshore Co. Ltd in China for two harsh environment semi-submersible accommodation units, Safe Nova and Safe Vega.The standstill agreement has been extended until May 21, 2018 as Prosafe continues negotiations with COSCO and related parties for a workable commercial solution for the two units.A third unit, Safe Eurus, is in a preserved, strategic stacking mode and negotiations continue with COSCO to find a workable commercial solution.If no agreement is reached, Prosafe has the right to claim cancellation of the newbuild contracts due to delay, and claim repayment of the instalments paid including interest of approximately $60 million in total…

Having recently supplied the concept design for DEME Group’s new offshore installation vessel Orion, C-Job Naval Architects said it will now provide COSCO OFFSHORE CO. Ltd (Qidong) with the vessel’s basic design package. Orion will be built at COSCO SHIPPING HEAVY INDUSTRY in China for delivery in 2019. The technical specs of the vessel, to be operated by DEME subsidiary GeoSea, will service offshore wind installation, oil and gas and decommissioning activities. While working on this next phase of ship design…

JHW has ordered five 85,000 m3 Very Large Ethane Carriers (VLECs) for a JACCAR/Hartmann Reederei joint venture, called UEC (United Ethane Carriers); each vessel will be powered by a single MAN B&W 6G60ME-GI main engine. Dalian Shipbuilding Industry Offshore Co. Ltd. (DSIC) will construct the vessels in China, while Hyundai Heavy Industries (HHI) will build the engines in Korea. Delivery of the first carrier is scheduled for the middle of 2017. Captain Ulrich Adami, Fleet Manager of Hartmann Schiffahrts GmbH & Co.

EFC Group has completed a $2.2million contract to design and build a BOP and diverter control system for China-based Dalian Shipbuilding Industry Offshore Co (DSIC Offshore). The system is installed onboard DSIC’s newbuild jack-up drilling rig, JU2000E-13 for drilling contractor Apexindo, where it will be known as Tasha. Bob Will, CEO at EFC Group, said, “This is a major contract for EFC, continuing our growth plan to become world class leader in control systems for both rig upgrades and new builds alike. It is also a significant project that’s been supported by our manufacturing base in Forres which gives us the additional capacity required to undertake projects of this scale. Will added, “EFC aims for this to be the start of a strong relationship with DSIC.

1. COSCO (Qidong) Offshore Co., Ltd Contract from a Singapore entity to build one (1) Floating Accommodation Unit (FAU) scheduled for delivery in 1Q2017. The buyer has also secured options for five (5) additional FAUs. 2. COSCO (Dalian) Shipyard Co., Ltd The contract under the first option cited in the announcement dated 12 September 2013 to build one (1) 21,000DWT Module Carrier for a European company has been rendered effective. The vessel is scheduled for delivery in 2Q2016. Save for their respective shareholdings in the Company, none of the directors or controlling shareholders of the Company has any interest, direct or indirect in the contracts.

Kongsberg Maritime’s Full Picture solution has been selected by Chinese and Korean shipbuilders for 13 advanced newbuild offshore vessels with a total value of 330 MNOK. Dalian Shipbuilding Industry Offshore Co. (DSIC), CIMC Raffles (CIMC), Cosco Shipyard (COSCO) and Hudong Zhonghua Shipyard (HDZ) in China, Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI) in Korea are the shipbuilders that have selected Kongsberg’s Full Picture technology deliveries. The new contracts…

Successful retrofit to first newbuilding sees Aberdeen-based owner specify further Low Expansion Foam system for second China-built jack-up. Wilhelmsen Technical Solutions (WTS) has received a repeat order to install its Unitor Low Expansion Foam fire extinguishing system on a second jack-up newbuilding for Prospector Offshore Drilling. The specialized firefighting systems will provide fire protection for the shale shakers and mud pits on Prospector  1 and Prospector 5 during their charters to Total E&P UK Ltd.

Wärtsilä say they have signed a repeat integrated solution order with the COSCO (Qidong) Offshore Co.Ltd shipyard covering another DP3 Dynamically Positioned offshore accommodation rig being built for Singapore based Axis Offshore. The Wärtsilä solution includes the main power generation system, the propulsion system, the electric and automation system, and the automation safety system. The vessel, which is expected to enter service in January 2016, will be equipped with a DP3 dynamic positioning system and will be available for worldwide operations.

Seadrill Limited has entered into an agreement to acquire the company that owns the yard construction contract of the newbuild high specification jack-up rig 'Prospector 3' from Prospector Offshore for a total purchase price of US$235 million. In addition, Seadrill will provide drilling and handling tools, spares and operations preparations resulting in a total cost for this rig, ready to drill, of approximately US$250 million. The Prospector 3 is scheduled to be delivered from Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China during the first quarter of 2014. The new unit is based on the F&G JU2000E design, with water depth capacity of 400ft and drilling depth of 35,000ft.

Prosafe has agreed a Letter of Intent (LoI) with COSCO (Qidong) Offshore Co. Ltd. for the Engineering, Procurement and Construction of two semi-submersible accommodation vessels, with options for four further units. The pair will be the most advanced and flexible units for worldwide operations excluding Norway, and will be ready for operations in 2016. They will be of Gusto MSC’s Ocean 500 design and will be equipped with 500 beds, DP3 station keeping systems, 10-point chain mooring and 300 tonne cranes. The LoI covers two potential contracts, each in excess of USD 200 million.

COSCO (Qidong) Offshore Co.,has delivered the third Sevan 650 Ultra-Deepwater Cylindrical Drilling Rig it has built for Sevan Drilling. The Sevan Louisiana, measuring 99 meters in LOA, 75 meters in breadth and 24.5 meters in depth, has a working depth of 3,800 meters and drilling depth of 12,000 meters. The deep water drilling rig and will start the transit to the US Gulf of Mexico, and is expected to commence operation for LLOG Bluewatert owards the end of Q1 2014, following completion of mobilization and certain additional equipment installations.