Category Ship building
Vroon Offshore Services, a Dutch offshore shipping company, has expanded its fleet with the VOS Star subsea support vessel. The 68-meter subsea support vessel is the second of two such vessels built at Fujian, China. According to Vroon, sister vessel, VOS Sugar, was delivered to Vroon earlier this year and will be christened at a
Nam Cheong, Malaysia’s offshore support vessel builder, has received a notice of termination from Perdana Petroleum’s subsidiary, Petra Offshore, purporting to terminate the contract for the sale of one Accommodation Work Barge (AWB). Nam Cheong entered into a contract with Petra Offshore for two AWBs, worth $84 million, in June 2014. The contract included the
Singapore’s PACC Offshore Services has secured a contract extension in Brazil for its POSH Xanadu semi-submersible accommodation vessel. The company, also known as POSH, said the POSH Xanadu would keep on working in the Campos Basin for another year. The flotel, delivered by a Chinese shipyard in late 2014, has been operating in Brazil since
This newbuild enhances the Ramform Titan-class acquisition platform and sets the standard for seismic operations for the next 25 years, the company said in a statement. Norwegian seismic company PGS celebrated the launching latest Ramform Titan-class seismic vessel, the Ramform Tethys at a ceremony in Nagasaki, Japan on March 17. This newbuild enhances the Ramform
DOF, a Norwegian shipping company, has received a contract award for one of its vessels from its compatriot, a Norwegian oil company Statoil. DOF was awarded a one year contract + 1 year option with Statoil for the Anchor Handling Tug Supply vessel Skandi Vega. According to DOF, the new contract will start in mid-May,
Clough announced on Thursday that Daewoo Shipbuilding & Marine Engineering (DSME) has awarded a contract for the hook-up services on the Ichthys LNG Project Floating, Production, Storage and Offloading (FPSO) vessel. The Ichthys FPSO is a 336 metre long, permanently moored and weather-vaning vessel designed to hold more than one million barrels of condensate. This
South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC) is seeking to restructure its debt with its creditors. HHIC said that it was experiencing liquidity shortage and has requested a voluntary agreement with its creditor Korea Development Bank (KDB) to approve a debt rescheduling scheme. Hanjin has been posting losses for six years now due to a
Singapore’s Ezra Holdings Limited, an integrated offshore support provider, has issued a profit warning with respect to the unaudited consolidated financial results for the first quarter of the 2016 fiscal year ended 30 November 2015. “The Board is of the view that the 1Q FY2016 results will show a net loss as compared to earnings recorded in
A consortium led by Chinese CITIC Group Corporation has won the bid to for the deepwater port construction project in Kyaukpyu Special Economic Zone, Myanmar. The consortium comprises of CITIC Group Corporation, Chia Tai Group, CHEC, China Merchants Group, Tianjin Teda and Yunnan Construction Engineering Group. The project is estimated to be worth USD 5.4 billion,
China and Algeria have signed a USD 3.3 billion agreement to build a new center transshipment port at Cherchell, Algiers,Xinhua reported. Located some 60 km west of the capital Algiers, the expanded Cherchell port will be able to handle 6.5 million 20-foot containers and 26 million tons of goods per year. The contract, signed on January 17 between the representatives of the China