Search results for: Marco Polo TLP

85230 results

A list of search results

  • 16 February 2016
    Business & Finance

    Helix Energy Solutions Group, an international offshore energy services company, has sold its 50% interest in Deepwater Gateway, L.L.C. to a subsidiary of Genesis Energy for a cash purchase price of $25 million. Anthony Tripodo, Executive Vice President and Chief Financial Officer of Helix, stated, “The sale of the Deepwater Gateway interest is in line […]

  • 16 September 2011
    Business & Finance

    Blake International and Anadarko Petroleum Corporation have entered into a contract to mobilize the Blake Rig 1007 onto the Marco Polo TLP at Green Canyon 608. The contract is for 2 wells with a 1 well option. The Blake Rig 1007 is currently undergoing modifications at the Blake International facility in Houma Louisiana. In early […]

  • 7 April 2016
    Business & Finance, Exploration & Production

    Sembcorp Marine, a Singapore-based rig builder, has yet to resolve a contractual dispute which began in November 2015, when its client, Marco Polo Drilling, broke off a rig construction deal. At the time, Marco Polo said it would terminate the $214 million rig construction deal it had signed in February 2014, with Sembcorp’s subsidiary PPL […]

  • 24 December 2015
    Business & Finance

    The 800-passenger cruise ship Marco Polo, owned by Global Maritime and operated by Cruise & Maritime Voyages, has completed its tenth survey and general maintenance and refurbishment at Damen Shiprepair Vlissingen, the Netherlands. The project took around five weeks to complete and included an exterior repainting, interior repairs and maintenance to fine-tune Marco Polo. Other works included maintenance of propellers and propeller shafts, reconditioning […]

  • 28 March 2017

    Malaysia offshore shipbuilder Nam Cheong and Singapore’s Marco Polo Marine have teamed up to establish a joint venture company in Malaysia. The new company will be named SK Marco Polo Sdn Bhd Malaysia. According to statements by Marco Polo and Nam Cheong, the Malaysian subsidiary’s principal activity will be vessel chartering. Both partners said the […]

  • 26 December 2017
    Business & Finance

    Singapore-based Marco Polo Marine has obtained court approval for a debt restructuring of its shipyard in Indonesia. 

  • 14 April 2017
    Business & Finance

    Singapore’s Marco Polo Marine, an integrated marine logistics provider, has proposed refinancing and debt restructuring to ensure its business sustainability under the current distressed market and amid cash flow challenges. The company, engaged in ship chartering as well as shipyard business, said Thursday it intends to undertake a refinancing and debt restructuring exercise of all its […]

  • 13 November 2017

    Sembcorp Marine’s subsidiary PPL Shipyard has settled a dispute with offshore services provider Marco Polo, over a 2015 canceled jack-up rig order. The contractual dispute between the two Singapore-based parties began in November 2015, when Marco Polo Drilling broke off a rig construction deal it had with the PPL Shipyard, a Sembcorp Marine subsidiary. At the […]

  • 12 December 2012

    The biggest cargo ship in the world, the “CMA CGM Marco Polo”, arrived into Hamburg harbour for the first time, reports Built by DSME (Daewoo Shipbuilding and Marine Engineering) in South Korea, the giant of the seas displays exceptional dimensions: 396 meters long, 54 meters wide, with a draft of 16 meters. This is […]

  • 24 November 2015
    Exploration & Production

    Marco Polo Marine’s subsidiary, Marco Polo Drilling (MP Drilling), on Tuesday initiated the contractual dispute process against Sembcorp Marine’s subsidiary, PPL Shipyard, seeking refund of payments made for a rig construction.  Namely, MP Drilling last week cancelled a newbuild rig construction contract with PPL due to, as the company said, PPL’s failure to comply with certain of its material […]

  • 25 April 2016

    Marco Polo Marine, a Singapore-based marine logistic services provider, has won a grant of stay of legal proceeding initiated by the PPL Shipyard against the company. To remind, the PPL Shipyard, a Sembcorp Marine subsidiary, in December 2015 started a legal action against Marco Polo over a jack-up rig contract termination the company had ordered […]

  • 24 April 2012
    Business & Finance

    Marco Polo Marine Ltd, a growing integrated marine logistic group with operations exposed to the oil and gas and energy sectors in the region and beyond, has entered into a joint venture agreement with Marine Tankers Holdings Pte. Ltd. (“MTHPL”) to forge a joint venture company of equal shareholdings in Singapore (the “JV Co”). The […]

  • 11 December 2012
    Business & Finance

    The CMA CGM MARCO POLO its the first in a series of three new 16,000 TEU container ships, for the CMA CGM group on the Asia-Europe lines. Built by Daewoo Shipbuilding & Marine Engineering Co Ltd, it is almost a quarter of a mile long and it is the worlds biggest container ship. The new […]

  • 17 March 2013

    MV Royal Grace Freed by Pirates after One Year On 8 March 2013 EU Naval Force (EU NAVFOR) flagship ESPS Méndez Núnez provided much-needed assistance to the crew of chemical tanker MV Royal Grace after the vessel was unexpectedly released by Somali pirates. The pirates had held the vessel after attacking it over a year […]

  • 18 November 2015
    Business & Finance, Exploration & Production

    Marco Polo Drilling (MP Drilling) on Tuesday terminated a newbuild rig construction contract with Sembcorp Marine’s subsidiary PPL Shipyard.  MP Drilling entered into a rig construction contract with PPL Shipyard in February 2014. The contract for a high-spec jack-up drilling rig was worth $214.3 million and the rig was scheduled for delivery in the fourth quarter of […]

  • 30 November 2015
    Exploration & Production

    The rig construction dispute between Marco Polo Marine’s Marco Polo Drilling (MP Drilling) and Sembcorp Marine’s PPL Shipyard shows no signs of stopping, as both companies keep refuting the claims of the other.  In its latest announcement issued on Monday, MP Drilling disagreed with PPL’s statement from last week accusing MP Drilling of being in a repudiatory […]

  • 27 December 2012
    Business & Finance

    CMA CGM MARCO POLO, the world’s largest containership berthed yesterday morning at Malta Freeport’s Terminal Two North Quay. With a carrying capacity of 16,000 TEUs, CMA CGM MARCO POLO has exceptional dimensions, a length of 396 metres, a width of 54 metres, and a draft of 16 metres and is equipped with all the latest […]

  • 18 October 2011
    Business & Finance

    Marco Polo Marine Ltd, a growing integrated marine logistic group, announced that the Group has secured two ship building contracts from its associated company, PT Pelayaran National Bina Buana Raya (“BBR”), each for the construction of a 5,400bhp AHTS worth about US$13.5 million. The two units are expected to be completed and delivered in late […]

  • 2 April 2020
    Business & Finance

    The crew member on board the giant containership CMA CGM Marco Polo tested negative for the coronavirus.

  • 1 April 2020
    Business & Finance

    Crew member on board CMA CGM Marco Polo in isolation.

  • 25 November 2015
    Business & Finance, Exploration & Production

    Responding to Marco Polo Drilling’s Tuesday announcement about launching a contractual dispute process against Sembcorp Marine’s PPL Shipyard, the yard on Wednesday said the contract was still in effect and that, in fact, MP Drilling was in breach.  To remind, MP Drilling, a subsidiary of Marco Polo Marine, last week abolished a jack-up rig construction contract with […]

  • 6 February 2017
    Business & Finance

    Damen Shiprepair Amsterdam (DSAm), part of Damen Shiprepair & Conversion (DSC), has completed maintenance works on cruise vessels Marco Polo and Magellan operated by the UK-based Cruise & Maritime Voyages (CMV), part of the Global Maritime Group. To see the makeover check out our gallery above. During the initial docking process at the yard, the 22,080 […]