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Conversion Contract

MSC (Europe) Awarded Conversion Project

Maritime Services Corporation’s Southampton-based marine outfitting company, MSC (Europe) Ltd., has received a Letter of Intent and deposit that will lead to a $19 million conversion contract to convert the ex Dronning Ingrid rail ferry into a state of the art hospital ship for the charitable group Mercy Ships. MSC will act as the general contractor for all phases of the conversion.


Bender Granted Conversion Contract From Cal Dive

Bender Shipbuilding & Repair of Mobile, Ala., has been awarded the conversion of the 400 x 102 ft. (121.9 x 31 m) Sea Sorceress. The barge, which will be converted from a manned fuel barge to a DP-II construction barge for Cal Dive International of Houston, Texas, will receive eight 850 kW retractable Z drives. These drives will be powered by four Wärtsilä generators providing 6.6kV of power. A new engine room on the dynamically positioned barge will be used for the vessel's main source of


Marotta Receives GD Sub Conversion Contract

Marotta Scientific Controls, Inc. has been awarded a contract from General Dynamics, Electric Boat Division, for valves on two Ohio Class submarines that will be converted to multi-mission platforms, optimized for covert strike and special operations support. The contract value is $3.2 million with an option for another $3.3 Million for two additional conversions in 2003 & 2004. The U.S. Navy, in response to changes in post-Cold War strategy, will overhaul four


Singapore’s Shipyards Reflect Booming FPSO Trend

Traditional shipyards in Singapore are benefitting from booming oil and gas business, as work orders flow in for Floating Production Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) conversions, states a new report by business intelligence experts GBI Research. The new report  cites Singapore as the location of around 70% of conversions for the FPSO industry globally, with traditional shipyards such as Keppel, Sembawang, Jurong


Frontline Ltd. Develops Heavy Lift Activity

In line with the strategy decided by the Board, Frontline Ltd. is currently in the process of establishing a separate entity to develop the company's heavy lift activity. Such a company will include up to six single hull Suezmax vessels. Five of these vessels are on long term leases from Ship Finance International Limited, and a deal is subject to reaching a mutually acceptable solution with Ship Finance International Limited for a purchase of these vessels


NASSCO to Design TOTE LNG Propulsion Conversion

TOTE Orca-class: Photo credit NASSCO

General Dynamics NASSCO, contract with Totem Ocean Trailer Express (TOTE) to design the conversion of two Orca-Class  trailerships. The contract is to design the conversion of the company’s two existing Orca Class, diesel-electric trailerships to liquefied natural gas (LNG) propulsion. This design contract is in addition to the new-construction order that TOTE Shipholdings placed with NASSCO last month for the construction of two new LNG-powered containerships.


Noble Drilling Completes Fifth Conversion

Noble Drilling Corporation announced its fifth successful EVA-4000TM semisubmersible conversion, Noble Max Smith, commenced its mobilization to its first location in Alaminos Canyon for Amerada Hess Corporation. The unit, capable of drilling in water depths up to 6,000 ft., will undergo final commissioning of its marine systems when it arrives on location. Upon completion of commissioning, the rig will commence drilling operations under its contract with Amerada Hess Corporation.


Cargotec Secures Vietnamese Pipelayer with Mooring Solutions

A contract for mooring equipment for a pipelaying barge marks Cargotec’s successful entry to the Vietnamese offshore market. In July this year, Cargotec won a contract from the joint stock company Vinh Nam (VAM JSC)/TECMACH  to supply mooring equipment outfits for Vietsovpetro’s 110m-long by 30.5m-breadth pipelaying crane barge, Con Son. The 1969-built vessel is currently undergoing a conversion at Dung Quat Shipbuilding Industry Co Ltd.


FPSO Conversion Begins in Brazil

In working on what is claimed to be the largest and most complex offshore conversion project undertaken to date in Brazil, the conversion of the FPSO P-48 (formerly the VLCC Stena Concordia), FELS Setal SA, the Brazilian subsidiary of Singapore’s Keppel Offshore & Marine, has achieved five million work hours without a Lost time Incident. US-based Kellogg Brown & Root’s subsidiary Halliburton Produtos Ltda awarded FELS Setal the contract for the marine conversion of the FPSO in February 2001


Imtech: Number of Marine Service and Maintenance Contracts to 5,000

Imtech (technical services provider in Europe and on the global marine market) is observing a substantial increase in the number of marine service and maintenance contracts managed by Imtech. Recently Imtech signed a new global partnership agreement for 350 vessels operated by an international ship operator in Hong Kong, which granted Imtech a preferred service vendor status. As a result, Imtech passed the 5,000 mark for ships under various types of contract and partnership agreements


GDI Awards N-KOM US$110-M Contracts

GDI N-KOM contract principals: Photo courtesy of N-KOM

Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts worth US110 million to Nakilat-Keppel Offshore & Marine (N-KOM), a joint venture shipyard between Nakilat and Singapore’s


Seadrill Bondholders: Majority Accept Conversion Offer

Offshore drillship: Image Seadrill

Seadrill Limited says that holders of approximately US$547 million of Seadrill's convertible bonds due 2017 (representing approx. 84.1% of the total outstanding amount) have submitted their acceptances of the voluntary conversion offer made by Seadrill on 18th July 2014.


Hyde Marine Makes BWTS Installation Agreements

Ballast water discharge: File photo

Hyde Marine, Inc., a wholly owned subsidiary of Calgon Carbon Corporation, says it has established two partnership agreements for installation of the chemical-free Hyde GUARDIAN Gold Ballast Water Treatment System (BWTS) for international markets as follows: Grand Bahamas Shipyard


Eastern to Build Offshore Vessel for Harvey Gulf

Image: Eastern Shipbuilding

Eastern Shipbuilding announced that on, Wednesday July 16, 2014, Harvey Gulf International Marine, Inc. (HGIM) and Eastern Shipbuilding Group, Inc. (ESG) entered into a contract to construct a new Robert Allan, LTD. (RAL) RAmpage 6400 Multipurpose Field Support Vessel (MPFSV) at Eastern’s


Sembawang Shipyard to Convert 2 FPSOs for Kaombo Project, Angola

Image

  Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million from Saipem SA, France for the conversion of Two FPSOs for the Kaombo Project in Offshore Angola.  


Keppel FLNG MOSS Vessel Conversion Contract Activated

An FPSO: File photo

Keppel Shipyard says that the contract it entered into earlier with Golar Hilli Corporation to perform the world's first-of-its-type conversion of an existing Moss LNG carrier, the Hilli, into a Floating Liquefaction Vessel (FLNGV), has become effective


Port Of Felixstowe Commissions Greener RTG Cranes

Greener RTG Cranes at Felixstowe port

  The Port of Felixstowe has taken another step to improve both its operational and environmental efficiency with the introduction of its first electric-powered Rubber-Tyred Gantry Cranes (RTGs). The four machines, originally manufactured by ZPMC in Shanghai


Offshore Floating Production Market Update

Jim McCaul, IMA

Currently, 320 oil/gas floating production units are now in service, on order or available for reuse on another field.  FPSOs account for 65% of the existing systems, 76% of systems on order.  Production semis, barges, spars and TLPs comprise the balance


Scandlines’ Hybrid Ferry Fleet is World’s Largest

M/V Prins Richard

Corvus Energy and Scandlines announced today the completion of the commissioning for the Scandlines’ fleet of hybrid ferries: the M/V Deutschland, M/V Schleswig-Holstein and M/V Prins Richard. According to the companies, the vessels represent the largest fleet of hybrid ferries in operation


GE to Power, Propel UK's New Frigates

Type 26 Global Combat Ship (Image: GE)

The U.K. Ministry of Defense has engaged in a major program to update and upgrade its current fleet of frigates. In the next decade, Type 26 Global Combat Ships will become the backbone of the Royal Navy, replacing its existing Type 23 Frigates.


Lockheed Martin Awarded DoD Port Hueneme Test Ship Contract

Port Hueneme Test Ship: Photo Wiki CCL

Department of Defense inform that Lockheed Martin, Moorestown, New Jersey, is being awarded a $12,171,921 cost-plus-fixed-fee modification to a previously awarded contract (N00024-11-C-2300 CLIN 0012) to provide procurement and engineering efforts in support of the TRS-3D Radar installation for


Damen to Convert the Massive 'Rowan Viking' Offshore Rig

Offshore rig leg: Image courtesy of Damen

Damen Shiprepair Vlissingen (DSV), part of Damen Shiprepair & Conversion, says it has been awarded a contract by a subsidiary of Rowan Companies plc to remodel the 'Rowan Viking', a Keppel Fels ‘N’ Class Drilling Rig. The rig


Sound Oil Signs Institutional Investment Agreements

Sound Oil logo

  Sound Oil, the Mediterranean focused upstream oil and gas company, announced the successful completion of due diligence and the signing of investment agreements in respect of the £14 million Institutional funding announced by the Company on 25 April 2014 and expected to be completed


NASSCO to Build Additional Tanker for APT

General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (GD), has entered into a contract with an affiliate of American Petroleum Tankers (APT), a wholly owned subsidiary of Kinder Morgan Energy Partners, L.P. (KMP), for the design and construction of an additional 50


DP World to Price US$1-Bln Convertible Bond Issue

DP World Jebel Ali: Photo DP World

Dubai's DP World plans to raise $1 billion with a convertible bond issue of 10 years duration on Thursday to fund growth opportunities and diversify its funding sources, the Dubai-based ports operator said in a statement. The issue is a rare example of an international convertible bond from a






 
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