Hornbeck Offshore Services, Inc. announced today that it has entered into a definitive asset purchase agreement with Superior Offshore International, Inc, a subsea construction and commercial diving services company, to acquire the Superior Achiever, a T-22 class DP-3 new generation multi-purpose support vessel and related owner-furnished equipment, currently under construction at Merwede Shipyard in Holland with an anticipated fourth quarter 2008 delivery. Merwede Shipyard is also building for Hornbeck the HOS Iron Horse, a T-22 class DP-3 MPSV of the same design, with an expected fourth quarter 2009 delivery. With the pending acquisition of the Superior Achiever, the Company's MPSV program now consists of four vessels. The closing with Superior is subject to customary conditions, including third party consents, and is expected to occur on or before January 21, 2008. Hornbeck has also agreed to a five-year time charter with Superior for the Superior Achiever or another acceptable vessel at a dayrate commensurate with the Company's target investment parameters. Superior will have the option to terminate the charter with 90-days' advance notice at the end of each sequential six-month period within the term. The definitive agreement also provides that Hornbeck and Superior will agree to negotiate in good faith toward the establishment of a non-exclusive joint marketing and cooperation agreement and that the parties will endeavor to seek mutually beneficial business
Superior Energy Services Inc. (NYSE: SPN) announces it has opened a new location in Singapore to serve as a base of operations for Superior Energy Services’ Marine Division, HB Rentals and Premier Oilfield Rentals and to be a resource for any Superior employee traveling through the region. This development is in line with Superior’s commitment to the development of international markets.
Parker Drilling Company and Superior Energy Services, Inc., have jointly agreed to terminate their merger agreement, in which Parker was to acquire Superior in an exchange of stock. In connection with the termination, Superior will make a cash payment to Parker in settlement of certain obligations under the merger agreement. Superior, in Harvey, La., provides oilfield tool rentals, well plug and abandonment services
Superior Offshore International, Inc. a leading provider of subsea construction and commercial diving services on the outer continental shelf of the Gulf of Mexico, has named Patrice Chemin as its Chief Operating Officer, or COO, effective immediately. With over 35 years of oilfield-related and international marine construction experience, Chemin is a tremendous addition to Superior Offshore International’s executive management team.
Frost & Sullivan has named Vacon 10, Vacon's new micro drive, the 2008 Product of the Year for OEMs (original equipment manufacturers) in the micro drives domain. The Frost & Sullivan Award for Product of the Year is presented each year to the product that has demonstrated superior performance, features and is competitively priced. The 2008 Frost & Sullivan Award for Product of the Year for OEMs in the micro drives (up to 5
Accommodations specialist, HB Rentals, a Superior Energy Services company, has named Clayton George Technical Division Manager, announced President Deidre Toups. In this role, George will manage project teams for the design of modular offshore living quarters and will be based in the company’s Broussard, La., office. George has extensive industry experience in project management and previously served in this capacity for DPS Delta; Berard
Port of Duluth-Superior citizens once again greeted German cruise vessel Columbus as the vessel made its fourth call on the port. The vessel spent a full day in the community of boat lovers, even though federal regulations prohibit public tours. Columbus' trips here are a result of continuing efforts by port and City officials to revive major cruise ship operations on the Great Lakes and bring them to Duluth-Superior.
Offshore accommodation specialist HB Rentals, a Superior Energy Services company, has secured another new deal to supply a high-specification engineering cabin to Expro Group in Malaysia. HB Rentals’ regional hub in Singapore, which is undertaking a major fleet development program, delivered the 20 x 8 ft. engineering cabin to the Expro Group to provide a safe environment for technicians working on the Harvey H. Ward jack-up drilling rig.
Superior Energy Services’ Marine Services Division will christen its new 175-ft class liftboat, the Superior Future, on Friday, June 27 at Marine Industrial Fabrication at Connie Babin, ’s Marine Services Division traffic coordinator, will perform the christening. The Superior Future has modern features, technology and design unique to its class including a 100-ton, 100-ft boom crane more commonly seen on larger vessels and a larger working deck and deckload
Fluid-handling specialist Hamworthy has signed a contract with marine equipment purchaser Hua Hai Engineering & Equipment Co., Ltd to deliver pump room systems for installation on four very large crude carriers (VLCCs) to be constructed in China. The ships, which will be built for CSC Nanjing Tanker Co., Ltd (NJTC) at Guangzhou Longxue Shipbuilding Co., Ltd, follow on from 10 previous VLCCs contracted by the same owner at Jiangnan Shipyard and Bohai Shipyard
The U.S. Geological Survey awarded a contract for the construction of a large research vessel for Lakes Huron, Michigan, and Superior to Burger Boat Company of Manitowoc, Wis. The vessel will replace the 38-year-old Grayling, bringing the USGS Great Lakes Science Center (GLSC) large vessel
The American Association of Port Authorities’ (AAPA) 2013 Maritime Economic Development Workshop in Chicago, June 27-28, will explore the factors driving today’s investments in seaport and related infrastructure. The program's speakers will analyze the risks and rewards for undertaking
Shipments of coal on the Great Lakes totaled 2.2 million tons in April, a virtual tie with a year ago. The trade was 19 percent below the month’s five-year average, however. Shipments from Lake Superior ports totaled 1.4 million tons, a slight increase from a year ago
On Monday, May 20, Marinette Marine Corporation (MMC) of Fincantieri Marine Group, held a ribbon cutting ceremony to commemorate the opening of the company’s newest facility and to mark the completion of Fincantieri’s $74 million investment in the shipyard.
The young Singapore marine and offshore engineering industry will soon get another boost of its market share and dominance in the region with HSL Constructor Pte Ltd’s (HSL) latest addition to its fleet of marine vessels. The local marine civil engineering company has launched a new
Last month, Yanmar Europe BV introduced its new Joystick Control System at the boot Düsseldorf 2013 show. This was the first introduction and demonstration to the European Powerboat market. Compared to other vessel control systems
Celebrity Cruises’ new cruiseliner, Celebrity Reflection, has been equipped with an extensive range of navigation, automation and entertainment systems from SAM Electronics and its associate L-3 companies. Built by Meyer Werft in Germany at a reported cost of $750m, the 315m 126
Introducing a new addition to TE’s range of infrastructure management solutions for the data center or LAN environment. The new universal connectivity platform (UCP) is an advanced modular cabling concept designed for speed and flexibility
The Swedish Club Academy focuses on China during a five-day Maritime Resource Management road show at the end of March. MRM training aims at establishing safe operational cultures where teamwork and effective communication are key components
The Coast Guard Cutter 'Mackinaw' breaks ice in Western Lake Superior in preparation for the upcoming shipping season. The Mackinaw (WLBB-30) is the only U.S. heavy ice breaking resource assigned to the Great Lakes and in addition to heavy icebreaking other missions of the crew include servicing
Accommodations specialist, HB Rentals, a Superior Energy Services company, installed fourteen A60 – ABS/USCG approved buildings on an ABS-classed offshore construction vessel and provided fifteen buildings to a Lloyd’s-classed multipurpose platform supply vessel
At the Sea-Air-Space 2013 Show being held April 8-10, 2013, L-3 will display its Klein S5900 Side Scan Sonar which is now in rate production. L-3 will also answer questions concerning its full line of side scan and multi-beam sonar products.
Vulcan Materials recently repowered 66’ Capt. Ted with a Mitsubishi engine, leading them to reported annual savings of $225,000. At Vulcan, choosing a repower engine for any tug in their fleet is a matter management takes quite seriously. For their recently repowered 66’ Capt
Ashtead Technology announce at the U.K.'s Ocean Business 2013 expo that it has purchased Sonardyne 6G acoustic positioning equipment value £1.3 million. This latest acquisition is the second significant order placed by the company for 6G in the last 12 months
Agaia Inc., creators of Evolve, a natural, green cleaning technology to significantly outperform chemical cleaners, announced that it has signed a distribution agreement with First Choice Marine to make Evolve products available to ships and maritime facilities throughout the Americas.