Keppel FELS Limited (Keppel FELS) and Keppel Verolme BV (Keppel Verolme) have each clinched a contract from Transocean Inc. (Transocean), worth a total of US$140 million. Each contract is for the upgrading of a Sedco 700-series semisubmersible drilling rig. The two Keppel yards reap substantial syne
APL has received a Letter of Intent from Tanker Pacific Offshore Terminals Pte Ltd for the supply of a Submerged Turret Production (STP) system for Maari. The STP system will be installed early 2008 and shall permanently moor the Andaman Sea, a tanker that Tanker Pacific shall convert to a FPSO. Maa
Emerson Process Management, a business of Emerson (NYSE:EMR), announced today that it has been awarded a contract from Bergesen Worldwide Offshore for supplying a safety and automation system (SAS), process instrumentation, and fiscal metering system for the FPSO BW Enterprise, one of the world’s la
One of the world’s most elegant cruise ships, the Queen Elizabeth 2, is being investigated for polluting the waters off Cape Breton. Transport Canada confirmed yesterday that the ship issued a pollution report to the Canadian Coast Guard on Sept. 9, 2005, the day after it dumped 3,000 litres of what
Activity at the Halterm container terminal was stepped up a notch Monday as Maersk Line resumed a scheduled weekly container service through the Port of Halifax. Some 80 to 90 longshoremen, checkers and gear men were busy with over 600 container lifts as the Maersk Duisburg, a vessel with a capacity
A supertanker which was held by Malaysian authorities following a flash fire that killed four people has been released on Tuesday, the ship’s Singapore-based manager BW Shipping Managers Pte. Ltd. said. The 280,000-tonne Very Large Crude Carrier (VLCC) Suva, which was on its way to the Middle East w
Brasil 1 sailor Roberto Bermudez from Spain jumped ship for the day to make a guest appearance during the third day of the Volvo Extreme 40 grand prix series in Baltimore, aboard the form boat, Team Holmatro. Many of the sailors that are normally seen onboard the Volvo Open 70s have been attracted b
Petroleum minister Murli Deora on Sunday flagged off research vessel JOIDES Resolution from Mumbai Port to undertake gas hydrate drilling work in the western and eastern sea. The objective of this drilling programme is to take out cores and carry out scientific studies on the gas hydrates in selecte
Hyundai Group chairwoman Hyun Jeong-eun Tuesday told her late husband
The Construction Equipment Division recently secured a selling agreement for 620 construction equipments worth
Unions have called for a fair fight for a new $2 billion shipbuilding contract after Williamstown shipbuilder Tenix last year lost its $6 billion warship contract to Adelaide. Tenix is in the running for the new contract to produce two amphibious landing ships for the Australian Defence Force. A con
American Commercial Lines Inc. (“ACL” or the “Company”) (Nasdaq: ACLI) today announced it has secured a $30 million multi-year contract with Statia Terminals New Jersey, Inc., a division of Valero, LP to build ABS certified ocean tank barges. Construction at Jeffboat LLC, a division of ACL, will sta
Hercules Offshore, Inc. (Nasdaq: HERO), today reported net income of $30.9 million, or $0.98 per diluted share, on operating revenues of $56.1 million for the first quarter of 2006, compared to net income of $11.4 million, or $0.48 per diluted share, on operating revenues of $34.1 million for the fi
Larsen & Toubro Ltd (L&T) has forayed into the shipbuilding business by bagging a Rs 440 crore contract from the Netherlands-based Zadeko Ship Management CV to construct four ships. The vessels would be built at a new shipyard, part of the L&T’s engineering complex at Hazira in Surat and the product
