Vantage Drilling Company announced today that it proposes to offer $75 million aggregate principal amount of convertible senior notes due 2043, subject to market conditions and other factors. The notes are to be offered and sold only to qualified institutional buyers pursuant to Rule 144A or to pers
Remontowa Shipbuilding S.A. signed a contract on 5th of July 2013 for building two specialist vessels intended for supplying oil drilling and oil mining rigs. The ships will be constructed for one of the biggest Norwegian offshore fleet owners. They have already been contracted for maintenance of a
Cecon has confirmed that the ramp-up and progress at Chantier Davie Canada Inc. for completion of the first vessel is now well underway. The yard confirms delivery of the first vessel “Cecon Pride” to take place during week 8/2014 as per the contract. The sea trials will take place during second hal
Grandweld Shipyards has completed the delivery of two 33.5m Aluminum crew boats for Fujairah National Group. FNSA 1 and FNSA 2, sister vessels of the 33.5m class boats, are an optimized version of the successful in-house design that is built to assist in fast transfer of offshore personnel, deck car
Fincantieri has received an order from Regent Seven Seas Cruises for the construction of a super luxury cruise ship. The new ship will be called “Seven Seas Explorer”. She will be assigned to Sestri Ponente (Genoa) shipyard and her delivery is scheduled in summer 2016. The contract is worth approxim
ABS, a leading provider of maritime classification services, yesterday announced that its registered fleet has surpassed 200 million gross tons. Approximately 12,000 vessels representing 105 flag States currently are registered with ABS. “This important milestone reflects our commitment to providing
On Slipway No.2 of Uljanik shipyard, on July 4, the keel was laid for the first of two contracted ferries (RO-PAX) designed for the transportation of passengers, trucks and other vehicles in the Caspian Sea region, the yard No. 501. The vessel is being built for “State Service of Maritime and River
On Slipway No.2 of Uljanik shipyard, on July 4, the keel was laid for the first of two contracted RO-PAX ferries designed for the transportation of passengers, trucks and other vehicles in the Caspian Sea region, the yard No. 501. The vessel is being built for “State Service of Maritime and River Tr
Grandweld Shipyards has been awarded a repeat order from Zamil Offshore, to build a new 33.5M fast aluminum crew boat. This will be Zamil’s fourth order to Grandweld Shipyards after the successful delivery of three sister vessels in 2012. The new vessel will be based on Grandweld’s in –house superio
The Arbitration Court in Stockholm has now delivered the judgment in the arbitration between Bergen Group and Stocznia Gdansk SA in Poland. The judgment entails that Bergen Group must pay EURO 3.6 million to the hull yard in Poland. Bergen Group will study the judgment carefully before deciding on f
IHC Merwede has announced that it has signed two new contracts for the EPC (engineering, procurement and construction) delivery of offloading system packages for five FPSO vessels (floating production storage and offloading). The first of these packages will be placed on to one of MODEC’s FPSO vesse
Norwegian Deck Machinery (NDM) announced that the company has secured a new contract with Havyard Ship Technology for delivery of winches to their newbuilding 115 for Marine Platforms Limited (MPL). The vessel is a Havyard 857 Subsea IMR vessel and will be delivered from the yard in Q3 2014. For thi
Volstad Shipping AS has signed a contract with Tersan Shipyard in Turkey regarding building of a Subsea IMR and Construction Vessel. The contract was signed July 4th 2013 and is subject to satisfactory financing. The new vessel has main dimensions of 128.5m x 25m and is of ST-259 design. Estimated d
Yesterday, Alicat Workboats reached a milestone as they successfully completed the 30th vessel lift using their new 200T Wise travel hoist. Only opened 76 days ago, at opening day on 24th April 2013, the lift has now averaged one lift every 2.5 days since it opened. This latest vessel was the Kings
