Marine Link
Monday, January 22, 2018

Offshore Market News

Wrist Ship Supply Acquires Strachans

Wrist Ship Supply, one of the world’s largest ship supply companies, today announced the acquisition of Strachans Ltd, the UK’s leading independent food distributor to the offshore catering market. This represents Wrist’s sixth deal in less than two years following acquisitions in Europe, America and Canada. The agreement combines Strachans’ specialist offshore market knowledge with Wrist’s global network, worldwide infrastructure and financial strength and provides the foundation…

Chinese Shipyards Wade In to Offshore Market

OSV World Forum, Shanghai: Photo credit OSV Forum

The recent Offshore Support Vessel World Forum meeting in Shanghai believes that optimism is returning to global offshore markets. The forum is a platform for oil and gas producers, designers, builders, OSV owners, operators, contractors, classification societies, equipment suppliers and legal/financial service units to discuss and address future opportunities and challenges. The theme of the conference was 'Maximizing commercial opportunities amid OSV market recovery by meeting new technical challenges and regulations'.

ICBC Financial Leasing Purchase 2 CIMC Raffles Drilling Rigs

CIMC Raffles Semisubmersible Drilling Rigs

ICBC Financial Leasing Company Limited signed a leasing project with Schahin of two ultra-deepwater drilling rigs during China-Brazil Business Council-Annual Meeting 2014 on 17th July 2014. The contract values $1.08bn and eventually serves for Petrobras. CIMC Raffles played the role of EPC in the two semisubmersible drilling rigs building and delivered them in November 2010 and April 2011, which performed in a good condition in Brazil. The cooperation project signed by ICBC Financial…

Cargotec Secures Vietnamese Pipelayer with Mooring Solutions

A contract for mooring equipment for a pipelaying barge marks Cargotec’s successful entry to the Vietnamese offshore market. In July this year, Cargotec won a contract from the joint stock company Vinh Nam (VAM JSC)/TECMACH  to supply mooring equipment outfits for Vietsovpetro’s 110m-long by 30.5m-breadth pipelaying crane barge, Con Son. The 1969-built vessel is currently undergoing a conversion at Dung Quat Shipbuilding Industry Co Ltd. “The signing of this maiden contract in Vietnam demonstrates our client’s confidence in our capability,” says Gavin Lim, Cargotec's director of sales for towing and mooring solutions. As part of the conversion project…

Norsafe to Debut New Lifeboats at KORMARINE

Maxima-120 (Image: Norsafe)

Norsafe, a developer of marine lifesaving equipment, will bring crew safety into focus at KORMARINE in Busan, Korea, on October 20-23, launching two new lifeboats for the shipping and offshore markets. The company, which specializes in the design, manufacture and servicing of lifeboats, rescue boats and davits, will use the exhibition to launch two new lifeboats targeting the merchant shipping and offshore markets. The new GES 21 is a free fall lifeboat designed for ships, featuring a maximum drop height of 21 meters…

Cummins Launches QSK60 Power Emergency Genset

Cummins QSK 60 generator

Cummins announced the latest addition to the C Power product line, the QSK60 C Power (CP) emergency generator set. Engineered by the Cummins Center of Excellence for the demands of offshore applications, the QSK60 C Power genset is driven by the QSK60 marine auxiliary engine with MCRS fuel system. This engine has been used in diesel electric propulsion and power generation since 2008. “With an expected growth of 17-20% over the next five years, the offshore market is one of the fastest growing and technically advanced segments in the commercial marine industry.

Deepwater Mining Dredger Delivered to Jan de Nul

Dredger 'Joseph Plateau’: Image credit Jan De Nul

Spain's La Naval shipyard has delivered a fallpipe and mining vessel to Jan de Nul for work mainly in the offshore market. Joseph Plateau, is a sister vessel to the earlier constructed Simon Stevin, for the Dutch dredging and marine company Jan de Nul. The new dredger will work mainly in the offshore market and is capable of transporting 33,500 tonnes of rock amd can deliver to a depth of 2,000m. The 200m long and 40m beam Joseph Plateau is the  ninth vessel built by La Naval for Jan De Nul since 2002 and is the largest of its kind in the world.

GNSS Provider Positioneering Makes Key Appointments

Positioneering is a new global full-service precise positioning service company that is now approaching completion of a three-year multi-million pound development programme including development of a range of GNSS augmentation services, hardware and software solutions. The company, the first dedicated provider of global GNSS-based precise-positioning services to enter the offshore market in over a decade, announced the appointment of David Stephen to the position of General Manager of its Europe-Africa business. The company also announced the appointment of Dr Smita Tiwari to the position of GNSS Research Engineer. Smita is a prominent figure in the academic world having completed a number of research fellowships at Universities in India…

Record Rig Berthing at Drydocks World

Photo: Drydocks World

Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, have simultaneously berthed 11 rigs in the Dubai yard, breaking its record of nine rigs at the yard set in February this year. Clients contributing to the record include Saipem, Saudi Aramco, Shelf Drilling, Aban Offshore and the National Drilling Company. Drydocks World said it has focused its efforts to cater to the offshore market and rig requirements through establishing a dedicated rig division which has worked to market the yard facilities…

Arctic Oil: Bourbon to Enter Arctic Market in 2016

(Copyright: Bourbon)

Bourbon plans to enter the growing Arctic Offshore market in 2016 with a new Anchor Handling Tug Supply (AHTS) vessel built by the Vard shipyard. This AHTS (Anchor Handling Tug Supply) was specially designed for operations in polar waters, and more specifically in arctic zones, where we know that there is a huge potential for development, and the new vessel is the signal that the company is adjusting its range of services to meet the requirements of clients and the changing offshore market.

Keppel Fels Hopes To Grab Hold Of Europe's Offshore Market

Keppel Fels Energy & Infrastructure Ltd, seeking a foothold in the European offshore market, said on Monday it was in talks to take over Dutch repair and conversion yard Verolme Botlek. The Singapore company gave no indication of the likely cost of acquiring the Rotterdam yard, which has three dry docks and is owned by Wilton Fejinoord Holdings. "This possible acquisition will provide Keppel Fels with an opportunity to expand our network in Europe and to service our customers in the North Sea," a spokeswoman said. She said the planned purchase of the yard was in line with the firm's strategy, outlined at the beginning the year, to move physically closer to its customers.

Certex Launches New International Offshore Division

Certex International is launching a new offshore division.  Certex International Offshore Services brings together five companies from the Foranka International AB group that are well established within the global offshore market – Certex Offshore (UK), Certex Norge (Norway), Peter Harbo (Denmark), Erling Haug (Norway) and Haug Offshore Services (Norway).  All five of the component companies will continue to operate on an individual basis but as part of Certex International Offshore Services, they will be able to draw on each others resources.

IHC Merwede Presents Integrated Vessels

The IHC Merwede stand (number 2625) will feature a diverse range of innovative vessels, advanced equipment and life-cycle support activities at this year’s Offshore Technology Conference (OTC). The company is exhibiting at the annual event in Texas, USA, which runs from 6 to 9 May and is expected to attract 80,000 attendees from more than 110 countries. Renowned as a reliable supplier of offshore construction and support vessels, and mission equipment to the offshore market, IHC Merwede specialises in the development and delivery of integrated and efficient solutions. To highlight its capabilities, one of the main attractions on the stand will be a model of two identical 550-tonne pipelaying vessels that the company is building for SapuraKencana.

ABS Reports Continued Growth in 2012

ABS President And CEO, Christopher J. Wiernicki. Photo: ABS

ABS hosted its Annual Meeting in New York on April 23, 2013. ABS Chairman, Robert D. In 2012, the ABS-classed fleet reached 193.5 million gross tons, a growth rate of more than 4% year-on-year. ABS also maintained its leading position in the global orderbook with 21% of all vessels on order designated for ABS class. With nearly 70% of all vessels aged ten years or less, ABS has one of the youngest fleets showing a strong foundation for a successful future of the organization.

New Offshore Crane Joint Venture: Palfinger Koch

Palfinger Dreggen and the Brazilian crane manufacturer Koch Metalúrgica have entered into joint venture Palfinger Koch  for manufacturing offshore cranes in Brazil. Palfinger Dreggen has concluded an agreement with partner Koch Metalúrgica for entering into a joint venture named Palfinger Koch Montagens Industriais Ltda. for the purpose of joint assembly, testing and commissioning of offshore cranes in Brazil. The joint venture is based on an already existing and successful partnership between Palfinger Dreggen do Brasil, based in Rio de Janeiro, and Koch Metalúrgica, located in Cachoeirinha, Rio Grande do Sul. The agreement will strengthen Palfinger Koch’s ability to successfully deliver high-end offshore cranes with local content to the Brazilian offshore market.

Hyundai Win Lucrative New Contracts

Hyundai Heavy Ind. has started the new year right, reportedly winning new contracts for the offshore market. HHI is said to have snagged a $750 million contract to build an offshore oil facility for Exxon Mobil. According to the company, it will build and install a floating facility for in Angola by 2005. Hyundai also won a $160 million offshore facility construction order from China's CACT OG.

Gamesa to Site Prototype Offshore Wind Turbine in Spain, Not U.S.

This offshore prototype will be the first to be installed in Spain,  Gamesa having chosen Arinaga Quay in Gran Canary Island: a decision driven by technical and wind resource considerations, offshore market trends and investment return criteria. The installation of  Gamesa's first offshore prototype in Europe freezes the offshore prototype project in Virginia (United States), in Cape Charles. The milestone to design a competitive offshore turbine in the R&D centre in Virginia has been fulfilled, but the prospects for the U.S. offshore market and its regulatory conditions in this segment so far do not justify the next step, the installation of a prototype in the U.S.

Keppel Fels Abandons Verolme Botlek Pursuit

Keppel Fels Energy & Infrastructure Ltd. said it has aborted its planned purchase of Dutch repair and conversion yard Verolme Botlek. Keppel Fels, the offshore rig-building division of Keppel Corp., said in a statement to the Singapore Exchange that it had ceased negotiations with Wilton Fejinoord Holdings after the "expiry of the letter of intent." Keppel Fels, which was seeking a foothold in the European offshore market, said in November it was in talks with Wilton to acquire the Rotterdam yard, which has three dry docks. - (Reuters)

Caterpillar Celebrates Brazil Op'ns Launch

Caterpillar announced that the Cat© 3500C Diesel Electric Propulsion (DEP) generator sets have entered full production at the Piracicaba, Sao Paulo, manufacturing facility, delivering on a commitment to offer superior Cat power solutions products to the burgeoning Brazilian offshore market. The first shipment of four Cat 3512 DEP generator sets were delivered in December to Navship, a shipbuilder located in Navegantes, Brazil, and operated by Edison Chouest Offshore (ECO).  

Major Offshore Wind Turbine Manufacturers Form Joint Venture

Photo credit Hans Hillewaert Wiki CCL

Industry majors, Gamesa and Areva, have announced exclusive negotiations to create a 50/50 joint-venture company in the field of offshore wind power. The principals consider that the offshore market represents one of the most promising areas for the development of renewable energies over the next decade, particularly in the coastal countries of northern Europe, where the installed base should reach over 25 GW by 2020, and in Asia. The two companies believe that by joining forces they will become leading players in the global offshore wind market.

Wattyl Acquires Wasser High-Tech

Wattyl Limited of Sydney, Australia acquired Wasser High-Tech Coatings on July 1, 1999. In its most recent fiscal year, Wattyl achieved sales of $347 million and pre-tax profit of $23.2 million. Wattyl specializes in most aspects of the paint and coating industry including architectural and decorative coatings, industrial maintenance, OEM, marine and automotive refinishing. This acquisition, which strengthens Wasser's ability to both sell and service their growing worldwide business in the offshore markets, also solidifies the company's leadership position in the U.S. Bridge and hydro markets.

Damen Launches First PSV 3300 for PROMAR

Photo: Damen

Offshore ship manager PROMAR recently marked a milestone with the sideways launch into the Danube of the first of its two Damen PSV 3300s on order. On delivery in February 2015, the Swiss company believes the 80-metre Mamola Reliance will give them a valuable competitive edge in the West African oil and gas market. On September 4, Damen Shipyards Galati launched the PSV 3300 Mamola Reliance at an official ceremony at the yard in Romania. Damen platform supply vessels have become a familiar sight on the Danube since Damen introduced its range of high specification designs up to 6,300 dwt.

HSOG, Chowgule Create India Offshore Service Hub

International oil and gas service specialist HSOG has joined forces with the Chowgule Group, a multi-industrial International conglomerate, to offer a full range of maintenance and modification services to the offshore sector to service the international market. HSOG will now offer services to the world offshore market from the Chowgule Groups newly built Lavgan Dockyard, situated midway between Mumbai and Goa on the west coast of India. The $200m shipyard development has been completed over the last five years, and offers full Mobile Offshore Drilling Unit (MODU) and Floating Production, Storage and Offloading (FPSO) repair capability from a range of sheltered deep-water quays off the Arabian Sea.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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