Solstad Offshore ASA (SOFF) have signed a Letter of Intent (LOI) with Subsea 7 for hire of SOFF’s offshore construction vessel (CSV) “Normand Oceanic”. The agreement is for a firm charter period of 3 years with 3 x 1 year option. Commencement is currently expected to be April 2012. The contract valu
Further to the announcement and the press release dated 23 June 2011 in relation to the AHTS’ receipt of its maritime class certification from Det Norske Veritas, the Board of Directors of Otto Marine Limited announced that it has entered into a letter of intent dated 10 August 2011 to sell the AHTS
Deep Down, Inc. an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today reported $156 thousand of net income before equity in joint venture operations for the second quarter of 2011, an improvement of $648 thousand, or 132
Siemens Industry, Inc today announced it has been awarded a multi-million dollar contract to equip two platform supply vessels (PSVs) with its unique diesel electric propulsion solution at Fincantieri Marine Group’s Bay Shipbuilding Company in Sturgeon Bay, Wis. A Tidewater Inc. subsidiary will cons
The Shipping Corporation of India Ltd. (SCI) accepted delivery of a Supramax Bulk carrier, m.v. Vishva Malhar on 10th August, 2011. SCI had signed contracts for acquisition of two Supramax bulk carriers on resale basis which were originally contracted by M/s Grand Yard Investment Pvt. Ltd., China an
At a ceremony held on board Austal’s next generation 102 metre trimaran this morning, Austal was awarded a contract for the design, construction and through-life support of eight new patrol boats for the Australian Customs and Border Protection Service. This contract is Austal’s second significant c
Zhejiang Shipbuilding Co., Ltd. an affiliate to Sinopacific Shipbuilding Group, held the delivery and naming ceremony of global lead vessel PX105, a ship built for Bourbon Offshore Norway on the morning of August 9. The company leaders and the ship owner’s representatives attended this grand ceremon
The Vitol Group today announces the sale of its 68.62% interest in the Galoc Production Company WLL (GPC), operator of the Galoc oil field, to its co-shareholder Otto Energy Limited for a total consideration of US$54 million. GPC was set up as a Vitol subsidiary in 2005 to hold a 58.29% participatin
Aker Solutions’ operating revenues in the second quarter of 2011 were NOK 7.8 billion. Earnings before interest, tax, depreciation and amortisation amounted to NOK 636 million. Order intake in the quarter was NOK 14.3 billion. “We have a strong order intake which reflects high tendering and activity
Zhejiang Shipbuilding Co., Ltd. an affiliate to Sinopacific Shipbuilding Group, held the delivery and naming ceremony of global lead vessel PX105, a ship built for Bourbon Offshore Norway on the morning of August 9. The company leaders and the ship owner’s representatives attended this grand ceremon
Mitsui Engineering & Shipbuilding Co., Ltd completed and delivered a 56,000 dwt type bulk carrier M.V. “MYKALI” (MES Hull No. 1779) at its Tamano Works on 4th August, 2011 to Samos Steamship Co., Greece. This vessel is a handy-max type bulk carrier of 56,000 dwt with a huge cargo hold capacity over
Mitsui O.S.K. Lines, Ltd. and MOL Techno-Trade, Ltd. today announced that the energy-saving Propeller Boss Cap Fins (PBCF), developed by MOL, West Japan Fluid Engineering Laboratory Co., Ltd., and Mikado Japan, Ltd., and sold by MOL Tech, has now been ordered for 2,000 vessels worldwide. The PBCF is
Kvaerner today announced second quarter 2011 results. “We are delivering a robust second quarter despite the loss on the Blind Faith project and a loss provision on the Longview project”, says Jan Arve Haugan, President & CEO of Kvaerner. Operating revenues in the second quarter amounted to NOK 3 9
Kvaerner today announced second quarter 2011 results. “We are delivering a robust second quarter despite the loss on the Blind Faith project and a loss provision on the Longview project”, says Jan Arve Haugan, President & CEO of Kvaerner. Operating revenues in the second quarter amounted to NOK 3 9
