Over the next five years, Quest expects an 88% growth in floating production system (FPS) award levels illustrating a strong resurgence of investment in high-capital, major deep water developments. This growth coupled with current high levels of offshore rig construction will buoy oil & gas related
Based in Spain, the PEVASA Group recently ordered a complete propulsion system from MAN Diesel & Turbo for a new tuna vessel. The system is unique in that it comprises a package of three high-efficiency products, including a modern, medium-speed MAN 8L32/44CR engine with common-rail (CR) technology,
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the Nave Atropos, a newbuilding LR1 product tanker vessel of 74,695 dwt, was delivered yesterday from Sungdong Shipyard in South Korea. Nave Atropos has been chartered out to a high quality counterparty
Dubai Council for Marine and Maritime Industries, the umbrella industry body representing the marine and relevant industry, yesterday had its first introductory member’s meeting. The meeting sought to introduce the members, lay the broad framework for future operations, brainstorming on pressing ind
Offshore supply ship Ocean Scout, Yard. no 125, under construction at Simek, Norway, is going to start its first sea trials this weekend. The UT 755 LC – 6,960 BHP PSV is owned by Atlantic Offshore Delta AS and will be managed by Atlantic Offshore Management AS. The sea trials will include testing o
Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for two vessels capable of three-dimensional (3D) seismic data acquisition for sea bottom resource exploration from Petroleum Geo-Services ASA (PGS), a leading company in marine seismic and reservoir data acquisition, processing and analy
Xiamen Shipbuilding Industry, a subsidiary of Fujian Shipbuilding Industry Group Corporation, has secured contracts for construction of ten platform supply vessels (PSV) from two clients, Nam Cheong and MK Marine, Eshiptrading writes. Accordingly, MK Marine has opted for four Xiamen design PSVs of 7
South Korean shipbuilders could see their first quarter earnings fall significantly compared to figures reported for the same period last year. While Hyundai Heavy Industries, the world’s largest shipbuilder, racked up an operating income of about US$405M in the first three months of the year, it is
On 22 April 2013, China Oilfield Services Limited (COSL) signed an agreement to commission construction of a 12-Streamer Seismic Vessel, HYSY721 at Shanghai Shipyard Co. Ltd. HYSY721 will be a large-scale dual-source deepwater seismic vessel, which will primarily engage in deepwater operations and 3
MAN Diesel & Turbo has announced the 500th sale of its MAN 48/60 medium-speed engine. The milestone was reached with the order of two common-rail variants of the engine by Huta Marine of Jeddah, Saudi Arabia as part of a diesel-electric system to power a self-propelled cutter suction dredger. Huta M
On March 30th, 2013, the Cabo de la Vela departed Uzmar Shipyard in Turkey on her delivery voyage to Columbia. The Cabo de la Vela was constructed at Uzmar Tug and Work Boat Factory in Izmit, Turkey. This is the second of a two boat order from Carbones del Cerrejón for the AVT 3000 Class […]
Eco Marine Power (EMP) announced today that it has signed a Memorandum of Understanding (MOU) with AIMS Global Engineering (AIMS) of Kuala Terengganu, Malaysia, to market and develop renewable energy solutions for shipping. Initially the companies will focus on a project to complete the detailed des
Nam Cheong Limited today announced that it has sold two vessels worth a total of US$59.0 million. Two Accommodation Work Barges (“AWBs”) were sold to a subsidiary of Perdana Petroleum Berhad (“Perdana”), an established, major offshore marine services provider for the oil and gas industry in Malaysia
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has entered into a Letter of Intent with Simon Møkster Shipping for the design and construction of one Platform Supply Vessel (PSV). The shipbuilding contract for
