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Monday, January 22, 2018

Vessel Contract News

Kvaerner Masa-Yards and Far-Eastern Shipping Company Confirm Contract

On September 5 Kvaerner Masa-Yards Inc. and to issues related to post-delivery financing. be confirmed by early November 2003. Kvaerner Masa-Yards Inc. subjects have been lifted for one vessel. FESCO did not confirm the second vessel contract at this stage. Russia. of 4.000 dwt. azimuthing electric propulsion. EUR 65 million.

Caspian Services Finalizes Multi-Vessel Contracts

contracts with Saipem S.p.A. development in the Kazakhstan sector of the north Caspian Sea. boats, two anchor handling tugs and an existing survey vessel. will be placed into active operations in the spring of 2006. Mr.

CWind Bags Crew Transfer Contract

CWind wins crew transfer vessel contract from Fred Olsen at Walney 1 & 2 offshore wind farms   CWind announced that it has won an eight-month contract to provide crew transfer services to Fred Olsen at Walney 1 and 2 offshore wind farms. One of the more than 20 crew transfer vessels in the fleet operated by CWind, will assist with O&M activities at the two wind farms.   Peter Jorgensen, Managing Director, CWind commented the contract win: “Fred Olsen had a requirement for an additional crew transfer vessel and we’re delighted to be able to support them in their operations.”  

North Florida Shipyards Installs Spar Deck

North Florida Shipyards completed its contract for the fabrication and installation of a spar deck on RoRo vessel Cape Rise owned by the U.S. Maritime Administration. Completed one week ahead of schedule, this is the third of a three-vessel contract - completed on schedule. The first two of the vessel series, Cape Race and Cape Ray owned by MarAd and operated by Intrepid Ship Management, were also outfitted with a spar deck measuring 42,000 sq. ft., allowing the vessel to carry an increased amount of vehicles.

Six CTruk Cats Head for Irish Sea Wind Farm

CTruck Catamaran: Image credit CTruk

CWind wins contract for 6 CTruk 20T multi-purpose cats to provide crew & load transfer services at Gwynt y Môr Offshore Wind Farm. Cwind say that this is their largest vessel contract win, and the six workboats will arrive on site over the next two months as construction activity picks up. The two most recent additions to CWind’s charter fleet, 'CWind Adventure' and 'SC Buzzard', are the first vessels to join the Siemens team at Gwynt y Môr. Both are of CTruk’s proven 20T MPC design…

ESG Deliver Towboat, Launch PSV

Bravante lX Christening: Photo courtesy of ESG

Eastern Shipbuilding Group, Inc. informs that it has delivered the towboat MV Kimberly Hidalgo to Florida Marine, and on the same day launched the Platform Support Vessel (PSV) MV Bravante lX for Boldini S.A., Bravante Group of Brazil. The new tugboat is  one of a series with EPA Tier 3 main propulsion engines and generators delivered to Florida Marine. The reduction gears are direct coupled Twin-Disc Model MG- 5600 with a 6.04:1 reduction supplied by Stewart Supply, Inc. of Harvey, Louisiana.

Pan United Shipyard Lands $38 Million Vessel Contract

Singapore's Pan United Corp Ltd said on Tuesday its unit Pan United Shipyard Pte Ltd won a $38 million shipbuilding contract from Shanara Maritime. The contract was for a diving construction and support vessel, which would be delivered in the first half of next year, Pan United said in a statement to the Singapore Exchange.

Report: IHI, JFE to Merge Shipbuilding Units

Reuters is reporting that JFE Holdings Inc and IHI Corp will merge their shipbuilding units in a bid to remain competitive as demand for vessels contracts and Chinese rivals undercut operations hobbled by a strong yen. JFE Holdings and IHI said they aim to finalize an agreement by August, with operations to begin next year.

SCI To Acquire Four Tankers

India's federal cabinet has approved state-run Shipping Corporation of India's proposal to acquire four Aframax tankers of 110,000 DWT each. The cabinet approval also permits SCI to borrow up to 80 percent of the vessel contract price from the international market. The four tankers will be acquired at a price of $35.76 million each on cash basis from South Korea's Hyundai Heavy Industries. The Aframax tankers will augment SCI's crude tanker tonnage to meet increased demand for crude oil transporation.

Eastern Shipbuilding Delivers TY Dolese

Eastern Shipbuilding Group, Inc. is pleased to announce the recent delivery of the TY DOLESE towboat

During the 2014/2015 Holiday Season, Eastern Shipbuilding Group, Inc. Inc. of Mandeville, LA. for its ongoing new build program. Also, Florida Marine signed a contract for the 63rd vessel (Hull 193), an additional 90’ Inland Towboat. It was in early January 2015, when Florida Marine Transporters, Inc. signed this additional towboat, bringing the total to sixty-three (63) vessels contracted over the last 10 years. Four (4) of the most recent 90’ inland towboat deliveries to Florida Marine occurred over the past ten months.

ACL Gets $100m Order for Barges

American Commercial Lines Inc. has entered into a six year, approximately $100m, multi-vessel contract with a major customer, to build both liquid and dry cargo barges. Construction will begin in 2008.

FMT Options for another Towboat from Eastern

Photo courtesy of Eastern Shipbuilding Group

Eastern Shipbuilding Group, Inc. announce that Florida Marine Transporters, Inc. of Mandeville, La. exercised another additional 90’x32’x10’ “Canal Class” Inland Towboat to the six-vessel program currently under contract. In September 2014, Florida Marine Transporters, Inc. signed the seventh vessel and this additional towboat brings the total to 62 vessels contracted. Three of the now seven towboats have been delivered to Florida Marine since February 2014. This option vessel will be constructed from a design furnished by Gilbert Associates, Inc. of Boston, Mass.

Sonsub Extends HOS Innovator Vessel Contract

In order to continue to serve ongoing client projects in the Gulf of Mexico, Sonsub extended its long term vessel charter with Hornbeck Offshore Services, LLC for the HOS Innovator DP II Vessel for the 2005 season. HOS Innovator -- having worked for Sonsub for almost four years -- equipped with a heavy duty workclass Innovator ROV, has been utilized on several significant projects in the Gulf with works including mattress installation, touchdown monitoring, pre and post lay survey, pod change outs and a variety of other construction related activities.

Eastern Delivers 62nd 90-foot Tug to FMT

Photo: Eastern Shipbuilding Group

Eastern Shipbuilding Group, Inc. announced it has delivered the 62nd 90-foot inland towboat for Florida Marine Transporters, Inc. (FMT) of Mandeville, La., continuing its ongoing new build program. The new vessel, M/V Harvey Sbisa (Hull 192), was delivered on November 30, 2015. It was in the Spring of this year, when Florida Marine Transporters, Inc. signed an additional towboat, bringing the total to 65 vessels contracted over the last 10 years. Five of the most recent 90-foot inland towboat deliveries to Florida Marine occurred over the past 12 months.

Florida Transporters Orders Four Additional Eastern Towboats

Eastern Shipbuilding Group, Inc. is announced that Florida Marine Transporters, Inc. of Mandeville, La. exercised an additional four 90’x32’x10’ Canal Class Inland Towboats. On January 23, 2013, Florida Marine Transporters, Inc. signed the 56th vessel that is currently under construction and with these additional four towboats brings the total to 60 vessels contracted. This ongoing option contract adds four more towboats that will be constructed from a common design furnished by Gilbert Associates, Inc. of Boston, Mass. This series of towboats originally began with a 25 vessel contract with on-time deliveries starting in 2006. It has expanded to become the largest single builder new construction program of the same class towboat design in United States history.

Eastern Delivers 60th Towboat to Florida Marine

M/V Bill Seymour (Photo courtesy of Eastern Shipbuilding Group, Inc.)

Eastern Shipbuilding Group, Inc. delivered the M/V Bill Seymour (Hull 190), the 60th 90’ Inland Towboat to Florida Marine Transporters, Inc. of Mandeville, La., continuing its ongoing newbuild program. It was in early January 2015, when Florida Marine Transporters, Inc. signed an additional towboat, bringing the total to 63 vessels contracted over the last 10 years. Five of the most recent 90’ inland towboat deliveries to Florida Marine occurred over the past twelve months. The M/V Bill Seymour was constructed at Eastern’s Allanton Facility from a design furnished by Gilbert Associates, Inc.

Eastern Delivers Towboat Newbuild

Photo: Eastern Shipbuilding

Eastern Shipbuilding Group, Inc. is pleased to announce the delivery of the M/V Capt. Troy J. Hotard (Hull 186) to Florida Marine Transporters, Inc. of Mandeville, La. On Tuesday, February 4, 2014 the 56th Inland Towboat constructed by Eastern Shipbuilding was delivered to Florida Marine. Eastern Shipbuilding Group, Inc. announced on January 23, 2013, that Florida Marine Transporters, Inc. had exercised more options for up to five additional 90’x32’x10’ Inland Towboats. In December of 2012, the M/V Blake Boyd, the 55th Towboat built by Eastern, was delivered to Florida Marine.

Norway's DOF Group Announce Offshore Charters

'Skandi Constructor': Photo credit DOF Group

DOF Subsea provider of subsea services to the offshore oil & gas industry worldwide announce new vessel contracts. DOF Subsea AS has entered into a contract with Helix Well Ops for the vessel Skandi Constructor. The contract is for three year's firm with three, one year options. The contract will commence in the second quarter of 2013. Skandi Constructor is a well intervention vessel of Ulstein SX 121 design built in 2009. The vessel has a LOA of 120.2 m and a breadth of 25.0 m and is equipped with a 150 T crane and a multi-purpose tower with 140 t lift capacity.

Eastern Delivers 63rd Towboat for Florida Marine

M/V Lawrence Campbell (Photo: Eastern Shipbuilding Group, Inc.)

Eastern Shipbuilding Group, Inc. delivered the M/V Lawrence Campbell (Hull 193) on April 12, 2016, the 63rd 90-foot inland towboat to Florida Marine Transporters, LLC of Mandeville, La., continuing its ongoing newbuild program. It was in early 2015, when Florida Marine Transporters, LLC signed an additional towboat, bringing the total to 65 vessels contracted over the last 10 years. Five of the most recent 90-foot inland towboat deliveries to Florida Marine occurred over the past 12 months.

Eastern Delivers Two Towboats to Florida Marine Transporters

MV CAPT. RICKY TORRES Photo Eastern Shipbuilding

Eastern Shipbuilding Group, Inc. delivered the M/V CAPT. RICKY TORRES (Hull 194) on October 11, 2016, and the M/V CULLEN PASENTINE (Hull 195) on December 28, 2016; the 64th and the 65th 90’ Inland Towboat to Florida Marine Transporters, LLC of Mandeville, LA., continuing FMT’s ongoing new build program. It was in early 2015, when Florida Marine Transporters, LLC signed an additional towboat, bringing the total to sixty-five (65) vessels contracted over the last 10 years. Five of the most recent 90’ inland towboat deliveries to Florida Marine occurred over the past twelve months. The M/V CAPT.

STX Europe Q3: OSV Keeps Good Margin

Cruise & Ferries remain challenging. STX Europe achieved operating revenues of NOK 4 480 million in third quarter 2012, a decrease of NOK 763 million compared to corresponding period 2011 (Q3 2011: NOK 5 243 million). Profit before tax for third quarter 2012 of NOK 250 million (Q3 2011: NOK 535 million). Third quarter shows that healthy EBITDA results continue from STX OSV, while the result of Cruise & Ferries business area is not satisfactory due to lower than expected activity levels. STX Europe AS received interim dividend of NOK 364 million in September from STX OSV. STX Europe AS repaid about NOK 184 million (US$32 million) of bank loan during Q3.

Aker Yards to build PSV for Olympic

Aker Yards signed a contract worth approximately $22.8 million with Olympic Shipping to build a Platform Supply Vessel of the MT 6009 design. Delivery is scheduled for December 2006. "We are pleased to have received another newbuilding order from Olympic Shipping," said Roy Reite, in charge of Aker Yards' Offshore & Specialized Vessels business area. "This contract confirms our long and good relationship with Olympic Shipping, which currently has two vessels under construction at our yards". Vessel type MT 6009, Platform Supply Vessel Contract value $22.8M Delivery yard Aker Brattvaag: Aker Aukra Delivery time December 2006 Length 74.3 m Breadth 16.4 m DWT 3300 Design Marin Teknikk AS

Rella Out as CEO at Austal USA

Joe Rella, president and chief operating officer of Austal USA since 2007, has reportedly resigned from the company. Austal's board of directors has accepted his resignation. Brian Leathers, who had been serving as chief financial officer, will serve as interim president of Austal USA. Craig Perciavalle will serve as vice president of shipyard operations."This transition is a natural step," said Austal chief executive officer Andrew Bellamy. Austal has an active contract with the U.S. Navy to build nine Spearhead-class Joint High Speed Vessels (JHSV) under a 10-ship, $1.6 billion contract. Beyond this, the company also has a contract to build up to 10 Littoral Combat Ships (LCS). Austal is conducting a search for new leadership, according to the company.

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