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Conversion Project

Bollinger Shipyards Agrees On Modification/Conversion Project

Bollinger Shipyards, Inc. has signed a contract for modifications and conversions for MSV Ocean Intervention, a multi-purpose support vessel owned by Oceaneering International, Inc. Measuring 243 x 54 x 19 ft., the vessel will undergo revisions to its moon pool systems and "A" frame, as well as enhancement of tank capacities at Bollinger's Morgan City facility.


DDW Wins Groundbreaking GOM Conversion Contract

Ali Bin Towaih, VP Business Development, Administration & Strategies of DDW with Hor Weng Yew, President & CEO of AET at the contract signing.

Drydocks World signed a Contract with Singapore based AET, a global leader in petroleum shipping, for two Tanker-to-Modular Capture Vessel (MCV) conversion projects. AET is converting these vessels as part of the Marine Well Containment Company’s (MWCC) well containment system. MWCC is a not-for-profit, stand-alone organization with 10 member companies ExxonMobil, Chevron, ConocoPhillips, Shell, BP, Apache Anadarko, BHP Billiton, Statoil and Hess


Japan Tankers Enter MSE For Fix

There are currently two large Japanese-operated tankers, both from International Energy, in for repair at Malaysia's Malaysia Shipyard & Engineering (MSE) - the 299,986 dwt Ibukisan and the 314,026 dwt Asian Progress 11. The yard is also completing two PFSO conversion projects involving the 87,768 dwt Bunga Kertas for Malaysia's Petronas, and the 109,300 dwt Ross Sea for Singapore's Tanker Pacific. Also undergoing general repairs on the yard's Syncrolift are Sealift Industries' 27


M.V. !Gariep Arrives at Tyneside

The M.V. !Gariep has arrived at A&P’s Tyneside Hebburn Conversion Facility. The vessel departed Cape Town, South Africa on November 20 and will arrive Tyneside on December 23, 24 days ahead of schedule. The contract was won following significant international competition in August of this year. The new 300 tonne mid body fabrication block has now been completed five weeks ahead of schedule. This block has been assembled in the Hebburn fabrication facility and work is now undergoing


Conversion of FPSO Aseng Continues

Keppel Shipyard Ltd's (Keppel Shipyard) conversion of the FPSO Aseng is nearing completion. The FPSO will be operated by Aseng Production Company Ltd, a joint venture by SBM Offshore and Compania Nacional de Petroleo de Guinea Ecuatorial (GEPetrol), the national oil company of Equatorial Guinea. Chartered by Noble Energy for the development of the Aseng field in offshore Equatorial Guinea, FPSO Aseng is designed to process 80,000 barrels of oil per day and store approximately 1


Keppel Shipyard Secures Contracts Worth $170 Million

Keppel Shipyard Ltd. (Keppel Shipyard) has secured Floating Production Storage and Offloading (FPSO) upgrading projects from its long-term partners SBM Offshore N.V. (SBM Offshore) and Bumi Armada Berhad (Bumi Armada). The combined contract value of the two projects is S170 million. The first project is from SBM Offshore to refurbish and upgrade an existing FPSO vessel, FPSO Xikomba. Work on this FPSO unit is expected to be completed by the third quarter of 2013.


Ulstein Group Enters Letter of Intent with Sea of Solutions

A letter of intent was signed on the 5th of September 2007, in respect of the contemplated acquisition of a majority stake by the Ulstein Group in Netherlands based Sea of Solutions as per January 2008. The deal is subject to a positive outcome of the Due Diligence process. Managing director Tore Ulstein of Ulstein International pointed to the similarities between Sea of Solutions and the Ulstein Group, and Bob Rietveldt, commercial director of Sea of Solutions


MacGregor's Corex Panels Are Basis Of Premiere Project

The first conversion project using replacement hoistable car decks based on MacGregor's new Corex panels are expected to provide weight savings on a 1979-built local ferry. This coming March, the 138 ft. (42 m) vehicle/passenger ferry Sam-Sine, which operates to the island of Samso in Denmark is going to be lengthened by 16 ft. (5 m). The 742 gt vessel also needs to be modified to fulfill SOLAS requirements for damage stability


Drydocks World Regasification Terminal Project

Photo courtesy Dubai World Media Centre

Drydocks World - Dubai, a ship repair, conversion and new building yard and the flagship company of Drydocks World, announced that work is underway on its first ever Floating Storage Re-gasification Unit (FSRU) conversion project, known as the FSRU LIVORNO Project. The conversion of the Liquefied Natural Gas (LNG) carrier, Golar Frost into an FSRU, is being handled by the Main Contractor, Saipem, a leading international turnkey contractor in the oil and gas industry and will be delivered to


Keppel Shipyard Secures S$142 Million Contracts

Keppel Shipyard Ltd (Keppel Shipyard) has secured three conversion contracts worth a total of S$142 million. These conversion contracts are to convert a Liquefied Natural Gas (LNG) Carrier to a Floating Storage Unit (FSU), a VLCC tanker to a Floating Storage and Offloading (FSO) unit as well as a tanker to a Floating Production Storage and Offloading (FPSO) unit.   Mr Nelson Yeo, Managing Director of Keppel Shipyard, said


UAE Ensign to Fly First Time on Commercial Vessel

Flag of the UAE: Image Wiki CCL

The oil tanker “Energena’ managed by Gulf Stolt Ship Management and currently undergoing maintenance at Drydocks World, will become the first commercial vessel to sail under the UAE flag
, reports 'Trade Arabia'. The Tasneef (Emirates Authority for Classification) classification


Alewijnse to Refit Seismic Vessel Polarcus Naila

Polarcus Naila

Systems integrator Alewijnse Marine Systems has been awarded the contract for the full electrical refit of the seismic vessel Polarcus Naila. The ultra-modern, 12 streamer 3D/4D seismic vessel will arrive in February 2014 at the Damen-owned yard Shipdock Amsterdam for a refit scheduled to last 35


Teekay Offshore Issues $53.4 Million Equity Private Placement

Teekay Offshore GP LLC., the general partner of Teekay Offshore Partners L.P. announced  that it has agreed to issue 1.75 million common units in a private placement to an institutional investor for proceeds of approximately $53.4 million (excluding the partnership's general partner's


Tankship Asset Price Forecasting Mysteries Explained

Tankship clean sector supply: Image credit McQuilling

Marine transport advisors, McQuilling Services recently released its 2014-2018 Tanker Market Outlook that forecasts spot freight rates across eight tanker classes and 13 major trading routes.  This year’s edition also includes a forecast of asset prices over the same period for


Shipbuilding: DDW's Future is Bright

Aerial Photo of Drydocks World - Dubai WEB.jpg

During the past two years Drydocks World (DDW) has suffered from the restraints of a financial problem following the purchase of one shipyard in Singapore and one on the Indonesian island of Batam (both former Pan United shipyards) and two more on Batam (both former Leroy shipyards).


Drydocks World Chairman to Participate at Mare Forum

Chairman, Khamis Juma Buamim

Drydocks World and Maritime World, one of the largest and most diversified shipyards in the world, announced that Chairman Khamis Juma Buamim, will participate in the Mare Forum, Rome, Italy where he will deliver a keynote address. The theme of the forum “Quo Vadis” (Where are you


Wison Announces Venezuela Contract

Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced has the award of a contract to supply key modularized components for a major refinery project in Venezuela. The project, known as the Venezuela Puerto La Cruz Refinery Deep Conversion Project


Teekay Offshore Partners Sign FSO Contract

The contract with Statoil is to provide a floating storage and offtake (FSO) unit for the Gina Krog oil & gas field located in North Sea. The contract will be serviced by a new FSO unit converted from the 1995-built shuttle tanker, Randgrid


Rolls-Royce, Baleària to Partner in LNG Conversion Project

Balearia LNG Conversion.jpg

Rolls-Royce Plc signed a memorandum of understanding with Spanish shipping company Baleària to design gas-powered propulsion systems for three of the company’s high-speed ferries, which currently run on diesel. Baleària


RS Will Participate in IMDS 2013

Russian Maritime Register of Shipping (RS) will for the first time participate in the International Maritime Defense Show (IMDS 2013) to take place in St Petersburg from July 3-7, 2013. RS will feature design support services, construction and repair services for ships and supply vessels of


ABS Forms Global Gas Solutions Team

Patrick Janssens

Classification society ABS said it has taken another step to meet industry needs with the formation of the ABS Global Gas Solutions Team to leverage the organization's LNG and LPG capabilities. This group of experienced gas professionals will work alongside owners


Lamprell to Refurbish MOS Jackup Rig

A MOS jackup rig: Image courtesy of MOS Group

Lamprell a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, has been awarded a contract valued at approximately US$ 64 million.by Millennium Offshore Services group (MOS) to convert its


SBM Offshore Awards Keppel Deal for Two FPSOs

FPSO OSX-2. (Photo: SBM)

Keppel Shipyard Ltd (Keppel Shipyard) has secured two Floating Production Storage and Offloading (FPSO) conversion contracts from repeat customers worth a combined value of S$190 million. These contracts are from SBM Offshore N.V. (SBM Offshore) and M3nergy Offshore Limited (M3nergy Offshore).


Wison Begins Building New Fabrication Yard

Wison Offshore & Marine Ltd. (Wison Offshore & Marine) announced today the commencement of the construction of key modularized components for the Petroleos De Venezuela, S.A.(PDVSA) RPLC refinery project at Wison Offshore & Marine’s Zhoushan Fabrication Yard (The Zhoushan Yard)


The Netherlands: Maritime Nation Thrives Despite Downturn

Photo: Port of Rotterdam

The Netherlands maritime sector has fared relatively well despite turbulent conditions brought about globally by 2008’s financial crisis. The country’s marine businesses combine for an annual turnover near $25 billion, compiling upwards of 2.5% of Dutch earnings


 
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