Korea Shipbuilders Win Orders Worth $1B
According to a Jan. 12 report from The Chosum Ilbo, Korean shipbuilders won new orders worth over $1b in the first 10 days of the new year, in a complete reversal of the situation last year. STX Offshore & Shipbuilding and Hanjin Heavy Industries delivered the good news on Jan. 11, and Daewoo Shipbuilding & Marine Engineering and Sungdong Shipbuilding & Marine Engineering won new orders earlier. Industry insiders said an overseas marketing drive in the second half of last year finally paid off. (Source: The Chosun Ilbo)
Shell Announces Plan for Penguins Filed Redevelopment
Shell announced the final investment decision for the Penguins field redevelopment project in the U.K. sector, which includes the construction of a new-build Sevan Marine designed cylindrical floating production, storage and offloading (FPSO) vessel. The Penguins field is in 165 metres of water, approximately 150 miles north east of the Shetland Islands. Discovered in 1974, the field was first developed in 2002 and is a joint venture between Shell (50 percent and operator) and ExxonMobil (50 percent).
OSI Secures Contracts
Offshore Systems International Ltd. has won new contracts for more than $341,467to immediately additional Royal Danish Navy ships with electronic chart navigation systems. OSI won its first open international win and major NATO contract outside of Canada in August 2001 with the Royal Danish Navy. In each year since the initial contract, OSI has received follow-on orders for additional services, upgrades or new equipment from the Navy.
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.
Report: SPP Group to Build 15
According to a Reuters report, South Korea's SPP Group (www.spp.co.kr) won new shipbuliding orders for a cumulative 15 ships -- reportedly seven of them bulk carriers -- for $660m.
Synergx Wins New Contract at Cruise Ship Terminal
Casey Systems, a subsidiary of Synergx Systems, has secured a new contract in the ongoing renovation of the cruise ship terminal on the Westside of Manhattan. The terminal is part of a multi-year project, which includes the renovation of all existing piers to accommodate the newer cruise ships.
OSI Wins New Zealand Navy Contract
Offshore Systems International Ltd. said its Navigation Systems business has been awarded a CDN$800,000 contract for the Royal New Zealand Navy's Project Protector naval shipbuilding program. Tenix Defence Pty Ltd. is prime contractor for the construction of seven new ships. The contract is to supply and install ECPINS(R) 4000 (Electronic Chart Precise Integrated Navigation System) on all seven new ships.
Canadian Pacific Hires Marsh as Sales VP
The appointment of Tim Marsh as senior vice president sales and marketing by Canadian Pacific Railway Ltd is aimed at bolstering its battered intermodal business, says a report from Globe and Mail. Marsh, who brings 25 years of international shipping industry sales and marketing experience, most recently served as executive VP North America Trade Division for Cosco Container Lines (COCSO), the global shipping giant. CP has lost some big intermodal customers to Canadian National Railway Co.…
Saipem wins $520m offshore contracts in Congo, Indonesia
(Reuters) - Saipem has won new contracts for off-shore engineering and construction in Congo and Indonesia worth a total $520 million, the Italian oil services group said on Monday. Saipem said parent company ENI had assigned a consortium led by Saipem a $1.1 billion contract to build a floating production unit (FPU) in Indonesia. "The FPU will be delivered at site ready for surf hook-up in 34 months," Saipem said in a note. In Congo, the group won a contract with Aker Solutions to build under-sea structures, including suction anchors, for the Moho project. By 0912 GMT shares in Saipem rose 0.65 percent against a 0.1 percent rise in Italy's FTSE MIB leading stock index. (Reporting by Valentina Za; Editing by Lisa Jucca)
Aker Kvaerner Streamlines Operations
Aker Kvaerner launched an internal process that will lead to the creation of one, new business area that integrates the operations of its current Maintenance, Modifications and Operations business area (MMO) and Field Development business area (FD). The new business area will have nearly 8,500 own employees - including more than 2 300 engineers. "We do this to streamline our operations - to further sharpen our commercial edge to win new projects in new and current markets. This initiative will strengthen our ability to develop new business opportunities - and to deliver on our strategic targets," says Simen Lieungh, President & CEO at Aker Kvaerner. "The reorganization gives a leading engineering capability, with enhanced flexibility to further optimise our services offering and capacity.
Austal Signs Another Hong Kong Contract
Following the recent official handover of three new Austal passenger ferries to New World First Ferry (NWFF) of Hong Kong, Austal Ships has signed a contract for won new harbor cruise vessels with NWFF sister company New World Travel Services. Scheduled for delivery in October 2003, the 134-ft. catamarans will be built in Western Australia by Austal subsidiary, Image Marine. Each vessel will accommodate 351 passengers, providing a continuous service between the attractions on Hong Kong Harbor. Cruising at up to 16 knots, the vessels will stop frequently allowing tourists to explore ashore before continuing their trip on the following service. Once delivered, the aluminum vessels will be fitted with a distinctive water-spouting, fiberglass dragon.
IHC Caland Logs $100M New Business
IHC Caland reported that it had won new orders recently worth more than $100 million and would continue to meet its banking covenants. J.P. Morgan had said in October that IHC's high gearing implied the risk of a possible breach of its debt covenants. The group, whose main activity is building and operating floating production and storage platforms (FPSOs) for oil companies, also said on Tuesday that U.S. oil major Exxon Mobil Corp. would keep one of its FPSOs on a long-term lease rather than buying it as initially planned. Meanwhile, a new FPSO has started production for Exxon Mobil offshore Angola. With this new unit, IHC subsidiary SBM now has 13 FPSOs under lease and operating contracts with three new ones under construction, the company said.
Acta Marine Gets Shallow-water Supply Work Contracts
Mittelplate is Germany’s largest oilfield and is located in the Wadden Sea tidelands, a unique and sensitive natural environment. Already for many years Acta Marine have been engaged with providing marine support for Mittelplate. The new charter contracts awarded by RWE-Dea involve a total of five Acta Marine vessels and extend over a period of multiple years. Two state-of-the-art supply vessels, customly designed for Mittelplate, will replace the three units currently in service. This will result in a 53% reduction of the local impact from air emissions and a 22% reduction of CO2 emissions.
ISS Palumbo UK Acquires Union Transport
ISS Palumbo UK, part of maritime services provider Inchcape Shipping Services (ISS), has acquired U.K. freight forwarding specialist Union Transport (Newcastle) Ltd. The merger of the Union Transport business with ISS Palumbo and its worldwide network will enhance the combination of global project freight forwarding and integrated logistics ISS Palumbo offers to its customers, including ENI, SAIPEM and Air Products. Based in Newcastle, the combined new venture will have commercial and operational capability and be responsible for managing existing and future projects, as well as winning new business in the U.K. and internationally. Union Transport is established in project cargo freight forwarding and has excellent contacts for sea, air, trucking and agency services.
Daewoo Wins LNG Ship Order
While European leaders continue to disparage the business practices of Far East shipbuilders, particularly those in South Korea, based on alleged subsidy use and abuse, these yards continue to win new business and further sway the balance of shipbuilding power worldwide. Daewoo Shipbuilding was reportedly awarded a deal to build four LNG carriers for Norway's Bergesen, at an estimated price of more than $160 million per ship. The contract calls for Daewoo to deliver the first ship by the first quarter of 2005 and the last ship by the first quarter of 2006. The ships, capable of carrying 140,500 cu. m. of LNG each, will be chartered to Nigeria Liquefied Natural Gas Ltd.
OPEX Sees Opportunity for Growth
Aberdeen-based Operational Excellence (OPEX) Group Ltd, a company that serves the oil and gas industry, has won new business worth more than £500,000 ($791,700) in the last month and is targeting turnover exceeding £1 million (nearly $1.6 million) in its first year of trading. The company was inaugurated in August 2010 after receiving a seven-figure commitment from entrepreneurial investment company Enerco Venture. OPEX is working with a range of international oil and gas companies, including locally-based Premier Oil and Talisman Energy.
China's Shipbuilding Hub Faces Precipice
Jiangsu Province’s Economic and Information Technology Commission reviews Q1 2013 province-wide shipyard finances. The review of the shipbuilding industry’s performance showed that 44 privately-owned shipbuilders out of 66 failed to win new orders and none of major seven builders could ink a contract, with 30% of large corporations recording a loss, reports China Shipbuilding Industry Co. Shipbuilders’ profit margins in Jiangsu appear to be sharply decreasing from 22% recorded in 2010 and four companies out of thirteen majors reported a loss during the first quarter of this year. Although the province’s newbuilding delivery was up on the same quarter last year…
Hyundai Heavy Signed $400 Million Order to Build 5 VLOCs
South Korea’s Hyundai Heavy Industries (HHI) has clinched a deal worth approximately US$400 million to build five very large ore carriers(VLOCs) from Seoul-based shipper Polaris Shipping. "HHI has signed a $400 Million worth contract to build five 325,000 dwt VLOCs (Very Large Ore Carrier) with Polaris Shipping. It is the option exercised following the contract of ten same class VLOCs with Polaris Shipping on September 25," said a company statement. HHI Group’s shipbuilding affiliates have so far this year won new orders of 110 ships worth $ 6.7 billion, 90% of the $ 7.5 billion annual target.
Rolls-Royce Wins Italian Shipyard Order
Rolls-Royce has signed an £18 million contract with Italian shipyard Rosetti Marino S.p.A for the design and delivery of an integrated power & propulsion and equipment system for an anchor handling vessel. The vessel will be built for Augusta Offshore S.p.A and is a repeat order of a Rolls-Royce UT 712 CD due to be delivered in June from the same yard. Due for delivery in mid 2014, the high tech vessel is specially designed and equipped for handling anchors and mooring lines in water up to 2000 metres deep. The vessel is also equipped to undertake oil recovery, fire fighting, stand by and rescue duties. Rolls-Royce will also supply the main engines, propulsion systems and gear, tunnel thrusters, rudders, deck machinery, electrical systems as well as automation and control systems.
Korean Shipyard Celebrates 600th Construction
Hyundai Mipo Dockyard celebrated having built its 600th ship in 14 years since entering the market when the shipyard completed construction on the milestone vessel -- a 1000-TEU container ship named Sky Hope that will be delivered to CK Line. Since it was established in 1975, the dockyard had focused mainly on ship repairs until it took a change of course after receiving an order from a Norwegian shipper in 1997 to build a drill ship. Since then, the shipbuilder has been steadily increasing its production: to four vessels in 1998, eight the following year, and 80 last year. Among the ships produced by the company, petrochemical carriers were the most in-demand with 378 units, followed by container ships (89) and bulk carriers (60).
CAE Valmarine Wins New Contracts
CAE Valmarine, part of CAE's Marine Controls division and a leader in automation systems for commercial ships, has signed new contracts worth approximately C$5 million. CAE Valmarine will provide the advanced automation system for a Carnival Group super-liner cruise ship being built by Fincantieri in Italy, two Portuguese-built chemical carriers for Finland's Fortum Energy, and a comprehensive upgrade of a diving support vessel operated by Subsea 7, based in Aberdeen, Scotland. consoles. Miami-based Carnival Group's super liner is the first cruise ship ordered worldwide since September 11, 2001. CAE Valmarine is also providing control systems for Cunard's Queen Mary 2, currently under construction at Chantiers de l'Atlantique in France.
Northrop Grumman Wins New Destroyer Contract
U.S. Northrop Grumman Ship Systems, Pascagoula, Miss., is being awarded a $268m contract to complete the detail design of the DDG 1000 Zumwalt Class Destroyer. The mission of the DDG 1000 Zumwalt Class is to provide affordable and credible independent forward presence/deterrence and to operate as an integral part of the Naval, Joint, or Combined Maritime Forces. DDG 1000 will provide advanced land attack capability in support of the ground campaign and contribute Naval, Joint, or Combined battle-space dominance in littoral operations. The total value of the detail design effort is $307,511,633. $39,412,519 was awarded for advanced zone detail design as part of the basic contract. Contract funds will not expire at the end of the current fiscal year.
L&T Wins Orders for Six Ships
L&T Construction has won new orders worth `1471 crores across various business segments in November & December 2013. In Power Transmission & Distribution Business, orders valued `686 crores have been received in both domestic & international markets. A major international order was bagged by Larsen & Toubro Saudi Arabia LLC, a fully owned subsidiary of Larsen & Toubro Limited for construction of a 132 kV transmission line and connection of Al-Dawadmi S/S to the 132 kV Riyadh Network. The order includes construction of a 78 km new 132 kV Double Circuit Overhead Transmission Line; 7 km of reconductoring an existing 132 kV OHTL with Special Non-Gap Conductors of high current carrying capacity…