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Offshore Market

Deepwater Mining Dredger Delivered to Jan de Nul

Dredger Joseph Plateau’: Image credit Jan De Nul

Spain's La Naval shipyard has delivered a fallpipe and mining vessel to Jan de Nul for work mainly in the offshore market. Joseph Plateau, is a sister vessel to the earlier constructed Simon Stevin, for the Dutch dredging and marine company Jan de Nul. The new dredger will work mainly in the offshore market and is capable of transporting 33,500 tonnes of rock amd can deliver to a depth of 2,000m. The 200m long and 40m beam Joseph Plateau is the  ninth vessel built by La Naval for Jan De Nul since 2002 and is the largest of its kind in the world.


Certex Launches New International Offshore Division

Certex International is launching a new offshore division.  Certex International Offshore Services brings together five companies from the Foranka International AB group that are well established within the global offshore market – Certex Offshore (UK), Certex Norge (Norway), Peter Harbo (Denmark), Erling Haug (Norway) and Haug Offshore Services (Norway).  All five of the component companies will continue to operate on an individual basis but as part of Certex International


MAN B&W Capitalizes Offshore

MAN B&W Diesel has positioned itself on the offshore market, having sold more than 80 engines to the sector so far this year. The leading supplier of large-bore diesel engines has been receiving a particularly high number of orders from Norway and Singapore. The engines ordered are destined for use in nearly all areas of offshore oil and gas extraction, including FPSO, research vessels, platform supply vessels (PSV), anchor handling tug supply vessels (AHTS), pipelay vessels


Acquisition of Drilling Technology Company Sense EDM

TTS Marine ASA has signed an agreement to purchase all shares in the Norwegian drilling technology company Sense EDM. The company supplies drilling equipment and control systems for the on- and offshore markets.


IHC Merwede to Showcase Solutions at OTC Houston 2012

IHC Merwede will exhibit a broad range of its innovative vessels, advanced equipment and lifecycle support activities at stand number 2625 at the forthcoming Offshore Technology Conference (OTC) 2012, which runs from April 30 to May 3 in Houston. As a supplier of custom-built vessels and equipment for the offshore market, IHC Merwede is renowned for focusing on the development of integrated solutions, as highlighted by its position as “the technology innovator


Wärtsilä Back to Growth, Stable Profitability in 2012

Wärtsilä has issued its financial statement and bulletin for the period January to December 2012. HIgllights of the review period -Order intake increased 9% to EUR 4,940 million (4,516) -Net sales increased 12% to EUR 4,725 million (4,209) -Book-to-bill 1.05 (1.07) -Operating result (EBIT) EUR 515 million or 10.9% of net sales (EUR 469 million or 11.1%) -EBITA EUR 550 million or 11.6% of net sales (EUR 485 million or 11.5%)


Stratos Announces Expansion

Stratos Global Corporation has entered into a definitive agreement to acquire Shell Offshore Inc.'s telecommunications subsidiary, Shell Offshore Services Company (SOSCo). The transaction is subject to regulatory approvals and customary closing conditions. "The acquisition of SOSCo is consistent with Stratos' long-term strategy of providing communications solutions to high volume industrial customers operating in remote locations," explains Derek Woods, president and CEO of Stratos


Teekay Offshore Signs Brazil Shuttle Tanker Contract

Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) TOO -0.92% , announced today that it has entered into a new long-term contract with a subsidiary of BG Group plc (BG) to provide shuttle tanker services in Brazil.   The contract with BG will be serviced by four Suezmax-size DP2 shuttle tanker newbuildings to be constructed by Samsung Heavy Industries in South Korea


Cummins Names Leadership for Key Segments

Greg Young, Director of Strategic Growth – Commercial Transport.

Cummins Inc. (NYSE: CMI), a manufacturer of diesel engines for the commercial marine industry, has reorganized it Commercial Marine Business around five customer-focused market segments: commercial transport; offshore oil and gas; passenger transport; government / defense; and special use (fishing).   In line with this reorganization, the company has named Greg Young Director of Strategic Growth – Commercial Transport and Waldemar Marchetti Director of Strategic Growth


Wilhelmsen Maritime In FSN Private Equity Joint Venture

File image

Wilhelmsen Maritime Services (WMS) says it has signed a letter of intent with the Nordic private equity fund FSN Capital to establish a joint venture within engineered solutions, equipment and services to the maritime and offshore markets currently trading under the business area Wilhelmsen Technical Solutions. The new company, to be owned 50% each by Wilhelmsen Maritime Services (WMS) and FSN Capital, comprises the business within HVAC, insulation


Special Vessels “Built by Flensburger”

The first offshore seismic vessel, MV Amazon Conqueror,  for the owner WesternGeco, during launching in June 2014

Flensburger Schiffbau-Gesellschaft, FSG, was founded in 1872 by a group of five local ship owners who previously had all their steamboats built in England as most German ship owners did in the 19th century.  The first ship, the iron tall ship Doris Brodersen


Energy Sector Volatility Affects Middle Market M&A Activity

Figure 2.jpg

Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector. In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010


Wärtsilä Acquires L-3 Marine Systems International

Wärtsilä Corporation is to acquire L-3 Marine Systems International from NYSE-listed L-3 Communications Holdings Inc. L-3 Marine Systems International (L-3 MSI) is a business sector within L-3’s Electronic Systems business segment primarily focused on the commercial ship industry


QGEP to Acquire FPSO from Teekay

Teekay Offshore Partners L.P. has entered into an agreement with a consortium led by Queiroz Galvão Exploração e Produção SA (QGEP) to provide a floating production, storage and offloading (FPSO) unit for the Atlanta field located in the Santos Basin offshore


German Shipbuilder FSG Taken Over by Siem Industries

Ships hull: File photo

The German Shipyard Flensburger Schiffbau-Gesellschaft (FSG) informs that it has a new owner: the Norwegian controlled Siem Industries will take over command of the shipyard, including all its employees. Peter Sierk and Frank Bywater, the two Managing Directors of FSG


Netsco Appoints Flores

Jan M. Flores

Netsco announces  Jan M. Flores, as Sr. Director of Business Development. Flores comes to Netsco from OSG (Overseas Shipholding Group) where he headed the FSO Group and was responsible for Business Development in the Offshore market. Prior to his assignment with the FSO Group


Drydocks World's to build BorWin3

Drydocks Worlds Signing Ceremony

Drydocks World signed an agreement today with Petrofac to build the BorWin3 high voltage direct current (HVDC) converter platform in the North Sea, named BorWin gamma.  When completed, this will provide an essential renewable offshore resource to meet increasing energy demands.


Arctic Oil: Bourbon to Enter Arctic Market in 2016

(Copyright: Bourbon)

Bourbon plans to enter the growing Arctic Offshore market in 2016 with a new Anchor Handling Tug Supply (AHTS) vessel built by the Vard shipyard. This AHTS (Anchor Handling Tug Supply) was specially designed for operations in polar waters, and more specifically in arctic zones


Fincantieri & Technip JV for Offshore Market

  Fincantieri and Technip in Italy signed a Memorandum of Understanding aiming to increase their joint competitiveness by starting to address Italian and Mediterranean Sea offshore markets. The agreement was signed by Marco Villa, CEO of Technip Italy S.p.A


L-3 SAM Electronics to Equip Two OSVs

Image courtesy of L-3 SAM Electronics

L-3 SAM Electronics has been awarded a contract to provide the complete electrical package, including cable engineering and installation, energy distribution, propulsion, lighting and infotainment systems, as well as internal and external communications systems


Karl Senner Inks Distribution Deal with Electronic Power Design

KS EPD.jpg

Karl Senner, LLC (KS) has reached a new strategic representation agreement with Electronic Power Design (EPD). Karl Senner, LLC now represents EPD in the United States marine and offshore Markets. The distribution agreement will allow KS to offer electrical automation


U.S. Coast Guard Approvals for PYPLOK

PYPLOK Tool photo_1.jpg

PYPLOK Receives United States Coast Guard Acceptance Letter Extending Product Use in New Vessel Applications.   W&O, a global supplier to the marine and marine offshore markets for pipe, valves and fittings, valve automation, and engineered solutions


Caterpillar to Power 4 Maersk Subsea Vessels

MaK™ diesel electric propulsion

  Caterpillar Marine is pleased to announce MaK™ diesel electric propulsion (DEP) solutions have been selected to power four Maersk Supply Services (MSS) newbuilds to be constructed by COSCO (Dalian) Shipyards. Each vessel will be equipped with 4x MaK M 32 E generator sets with a power


MacGregor Appoints 2 New VPs

Nick White

  MacGregor is presently building its new Global Lifecycle Support organisation to develop and enhance customer service both in the merchant shipping and offshore markets. The installed base of MacGregor's product portfolio of strong MacGregor, Hatlapa, Porsgrunn


Caterpillar to Equip 4 AHTS for Grupo CBO

The design An illustration showing what the Havyard 843 will look like when it is completed in a few years time.

  Caterpillar Marine informed that its Cat® power and propulsion solutions have been selected to power four AHTS vessels for Grupo CBO, headquartered in Rio de Janeiro, Brazil.  Each AHTS vessel will be equipped with 4 x 6 M 32 C propulsion engines rated at 3000 bkW and Cat






 
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