AET and Shell Sign DPST Contract
Shuttle tanker owner AET, a wholly-owned subsidiary of Malaysia's MISC Group, has won its first contract with Shell in Brazil to time charter one new-build dynamic positioning shuttle tanker (DPST).AET earlier this year sealed a long-term charter for two newbuild LNG-fuelled Aframax tankers with Shell that is set to begin in the fourth quarter of this year.AET President & CEO Capt. Rajalingam Subramaniam said: “Shell has chosen to use our shipping services for many years and…
Teekay Offshore Orders two LNG-fueled Aframax at Samsung Heavy Industries
Teekay Offshore GP entered into shipbuilding contracts to construct two LNG-fueled Aframax DP2 shuttle tanker newbuildings from Samsung Heavy Industries for delivery in late-2020 and early-2021, bringing the Partnership’s orderbook to six shuttle tankers.These newbuildings will be constructed based on Teekay Offshore’s New Shuttle Spirit design which incorporates proven technologies to increase fuel efficiency and reduce emissions, including LNG propulsion technology.Upon expected delivery in late-2020 through early-2021…
CMM, Damen Debut Fast Marine Access in Brazil
Compagnie Maritime Monégasque (CMM) and Damen Shipyards Group (Damen) have joined forces to introduce a fast, safe and reliable Fast Marine Access crew change solution for the Brazilian market using a Damen FCS 7011. The solution looks to transfer personnel between shore and the ever more distant deep sea offshore platforms and flotels. The FCS 7011 focuses on increased safety, cost reduction and comfort, while offering a high speed solution to complement existing helicopter transfers.
Mermaid Maritime Wins Middle East Contract
Thailand-based subsea and offshore drilling services company Mermaid Maritime Public Company announced that its Middle East business unit has been awarded a subsea services contract in a GCC country with an initial contract value of USD 16 million.The contract award, with work scheduled to be performed in the Arabian Gulf during the course of August 2018 until March 2019, will involve the use of the DP2 Dive Support Vessel ‘Mermaid Endurer’ equipped with the Air and SAT Dive systems…
Boskalis Bags New Contracts
Royal Boskalis Westminster N.V. (Boskalis) has acquired a sizable logistical management transport contract and has received a letter of award for the transport and float-over installation of an offshore platform with a combined contract value of approximately USD 65 million. The global services provider operating in the dredging, maritime infrastructure and maritime services sectors said that the logistical management contract scope is for the transportation of a large number of modules from a fabrication yard in Asia to a plant being developed in North America.
KNOT Offshore Acquires Brasil Knutsen
KNOT Offshore Partners LP announced that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has acquired all of the ownership interests in KNOT Shuttle Tankers 32 AS, the company that owns and operates the shuttle tanker Brasil Knutsen, from Knutsen NYK Offshore Tankers AS. The acquisition is for an aggregate purchase price of $96.0 million, less $59.0 million of outstanding indebtedness under the secured credit facility related to the vessel, less approximately $35.2 million for a loan owed by KNOT 32 to Knutsen NYK…
TEN Strengthens Vessel Base
Tsakos Energy Navigation (TEN)'s growth has continued unabated in 2017 with the delivery of one VLCC, the Hercules I, one aframax tanker the Marathon TS and the shuttle tanker Lisboa, currently all under long-term employment to solid counterparties. These came on the back of nine vessels that were delivered or acquired in 2016 and will be followed in 2017 by the last four, of nine, aframaxes that were built against long-term employment to a Norwegian oil major. With the delivery of these remaining high-end aframaxes…
Simulation: Maritime Professional Training
In South Florida sits MPT, one of the most prolific and progressive maritime training facilities. Already fully stocked, MPT added significant weight to its offering in 2016 with investment in 25,000 sq. ft. of new training space and technology. MPT handles more than 12,000 students a year from all segments of the maritime industry and from more than a dozen countries. With that range MPT has students from ship operators, tug companies, passenger vessels, offshore and energy exploration companies…
TEN's 15-Vessel Newbuilding Program Nearing Completion
Greece-based Tsakos Energy Navigation (TEN) said that its 15-vessel newbuilding program is nearing completion with the final three aframax tankers expected to be delivered in the coming months. In the second half of the year, with all vessels delivered and 77% of the fleet on full utilization contracts, TEN's industrial shipping strategy will be at full throttle. In line with the programmed deliveries, in January 2017 the VLCC Hercules I was delivered from Hyundai Heavy Industries in South Korea and was subsequently chartered for a period of up to 18 months.
Statoil, AET Expand Shuttle Tankers Contract
Statoil ASA and petroleum and chemical tanker owners and operator AET are extending their partnership in the North Sea shuttle tanker sector. Statoil has, awarded a long-term contract to AET, a subsidiary of Malaysian energy shipping group, MISC Berhad, to operate two specialist DP2 offshore loading shuttle tankers (OLSTs) on long-term charter. These new vessels will be in addition to the two AET DP2 ships currently on charter, in the same area, for Statoil. These new vessels are in addition to the two AET DP2 ships currently on charter in the same area for Statoil.
Mermaid Maritime Bags Subsea Contracts, Delays Newbuilding
Thailand’s Mermaid Maritime said it has been awarded a number of subsea contracts in the Middle East with a total worth of $11million. It has also reached an agreement with builder China Merchants Industry Holdings to postpone the delivery dates for its new assets currently under construction. Off Qatar and Saudi Arabia, Mermaid's western hemisphere business unit won seven subsea projects with an estimated aggregate value of US$11 million. The subsea projects involve survey, inspection…
2016 and Two FPSOs in US GoM: The 20 Year Saga
Peter Lovie’s Chronology of the FPSO’s difficult struggle to viability in the U.S. Gulf of Mexico is a fascinating journey through time and the oil industry itself. 2016 saw the arrival of the second FPSO in the US Gulf of Mexico. Despite the long prominence of the US Gulf of Mexico in pioneering in the offshore world, FPSOs have been curiously slow in arriving despite being the most used floating production system in the rest of the world. Tracing what went on from securing regulatory approval in principle to be able to use FPSOs in GoM…
VOS Challenge joins Vroon Fleet
VOS Challenge has been delivered to Vroon according to the company spokesman. The vessel left Fujian Southeast Shipyard (FSES) in Fuzhou, China on Thursday 23 June at the start of her journey to Thailand, where she will be delivered to charterers PTTEP. VOS Challenge, a 65m anchor-handling tug supply (AHTS) vessel, is the first in an exciting new series of six such vessels under construction at the Shipyard for Vroon. She is a KCM 65m vessel, designed by Khiam Chuan Marine. Vroon’s Performance and Engineering Department worked closely together with KCM to enhance vessel capabilities.
DNV GL Grants AiP for DSIC Shuttle Tanker, Crane Designs
Dalian Shipbuilding Industry Co. Ltd. (DSIC) has received Approval in Principle (AiP) certificates from classification society DNV GL for a new shuttle tanker and a column stabilized crane unit designs. The certificates were handed over at the Marintec China trade fair in Shanghai. Lu Xiao Hui, Vice President and Chief Technical Officer of DSIC, said, “DSIC and DNV GL have successfully collaborated on joint design development and classification for various ship types and offshore units since the 1980s.
MacGregor's Pusnes bow loading systems for Suezmax Tankers
MacGregor, part of Cargotec, has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. The order was booked into first quarter 2015 order intake. South Korean shipyard Sungdong Shipbuilding & Marine Engineering Co Ltd will install a Pusnes bow loading system on a 157,000 dwt Suezmax DP2 shuttle tanker under construction for tanker specialist Tsakos Energy and Navigation Ltd. The Greek headquartered company specified Pusnes loading systems for two earlier shuttle tankers…
Charters of Tsakos Tankers Extended
Tsakos Energy Navigation (TEN) announced charter extensions with a state oil company with profit sharing provisions for four panamax tankers, with an average duration of 22 months per vessel and minimum gross revenues of $65 million. These fixtures are expected to commence between April and November of 2016 upon expiration of their existing employments and contribute, on an annualized basis, an extra $20m to the Company's bottom line. "The extension of these contracts follow our…
Wärtsilä Ship Design for Offshore Maintenance Vessel
Wärtsilä has been awarded the contract to provide the design for a new jack-up lift vessel. The contract was signed in March with a well known Chinese yard and there is an option for three more vessels. The Wärtsilä design is developed in collaboration with Altis, a consultancy company specialising in the lift boat market. Wärtsilä Ship Design has considerable experience in designing offshore and specialised vessels, and its selection for the design of a new, next generation, lift vessel is considered an acknowledgement of the company's strong track record.
Simulating the Next Big Thing
As simulation technology evolves, the methods and techniques used to train today’s mariners are also changing. A growing list of regulatory training and competency requirements is further complicating the already crowded ‘to do’ list for today’s mariners and tomorrow’s future professionals alike. That’s not going to change any time soon. What is changing, however, is the way in which maritime training institutions utilize the latest in cutting edge simulation technologies. New equipment…
Ulstein Debuts Heavy Lift Designs
Ulstein introduces the HX103 and HX104 designs, DP3 vessels with heavy-lift capability and large outreach combined with a large open deck space and accommodation for 350 and 500 people. With the introduction of these two heavy lift vessel designs, ULSTEIN paves the way for the next generation, cost efficient offshore assets to meet today’s and tomorrow’s market demand. A dedicated feature on the DP3 designed vessels is the heavy-lift capability with large outreach combined with a large open deck space and accommodation for 350 and 500 people on board.
Jan De Nul Orders SRI Duo
Belgium-based dredging and marine construction giant Jan De Nul Group has ordered two 6,000 ton Subsea Rock Installation vessels at AVIC Weihai shipyard in Weihai, China. The vessels will be able to install rock at depths up to about 600 m by means of a flexible fall pipe. An inclined fall pipe will enable accurate rock installation around structures such as offshore wind turbine foundations and oil & gas platforms. The vessels will also act as a support vessel for a subsea trencher, for the burial of cables.
Siem Sells “Siem Sasha”
Norwegian company Siem Offshore has sold the platform supply vessel (PSV) “Siem Sasha”. It has delayed delivery of four of the nine platform support vessel (PSV) newbuildings it has under construction in Poland. The Oslo-listed company did not reveal financial details of the sale nor the client, but said the agreement was made at market terms. Siem Sasha is designed to carry out regular supply functions and cargo transport for the oil industry as well as Standby functions. The PSV was built in 2005. It is of VS 470 MK II design, 73, 4 meters long vessel and can accommodate 34 persons.
Rieber offloads Polar Prince
GC Rieber Shipping has entered into an agreement to sell subsea vessel "Polar Prince", which the company had built in 1999. The transaction gives GC Rieber Shipping an accounting gain of approximately NOK 10 million ($1.3 million). The construction support vessel (CSV) is expected delivered to new owners in early June, states an announcement. The vessel was built at Flekkefjord Verft in Norway in 1999. It is a purpose built, multi-functional DP2 construction support vessel optimised to perform in severe sea and weather conditions.
Pharos Offshore Hires Deepsea Worker
Pharos Offshore Group are in the process of mobilising the newly named DP2 Deepsea Worker with a Work Class ROV, an Observation Class ROV and a subsea excavation spread, ready for 2016/2017 operations. Aleron Subsea will be Pharos Offshore’s ROV partner during the period, providing a comprehensive vehicle support package, whilst Pharos operates the equipment. Amongst the equipment to become available on the vessel will be a full Pre-Lay Grapnel Run spread, boulder clearance spread and cable recovery spread.
KNOT Orders New Tanker for Charter with BG Group
Knutsen NYK Offshore Tankers AS (KNOT) has concluded a time-charter contract with Brazil Shipping 1 Limited, a subsidiary of the U.K. energy supplier BG GROUP PLC. This contract is for a maximum 20-year period starting from the second quarter of 2017 and follows the time-charter contracts that were concluded in September 2014 for two shuttle tankers. The new contract aims to use a 158,000 DWT Suezmax tankers built by Hyundai Heavy Industries Co. Ltd. and equipped with enhanced dynamic-positioning systems to shuttle crude oil processed in waters off Brazil.
VOS Sugar First Charter
The newest addition to Vroon’s fleet, subsea-support vessel (SSV) VOS Sugar, recently started work in the BARD Offshore 1 Offshore Wind Farm (OWF). The vessel is supporting dive operations and maintenance work on wind-turbine foundations for clients NDE Offshore. NDE Offshore, a Sweden-based provider of subsea services, will conduct a combined topside and subsea campaign for the first time. The campaign comprises of underwater inspections, services and installation as well as inspection and service of transition pieces.
Tsakos Fixes Three LR2s on Timecharter
Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd (TNP) announced the charter for an average of 36-months per vessel for its three LR2 Aframax tankers to a major European oil concern for crude trading operations. The total gross revenues from these three fixtures are expected at around $100.0 million. "The appetite of major oil companies to lock forward long-term is a positive testament to the prospects of the already strong tanker market. With $1.5 billion of total contracted revenues to date and a 15-vessel newbuilding program 12 of which already on long-term contracts…