General Dynamics NASSCO has been awarded a $104 million contract modification from the U.S. Navy to renovate and modernize the dock landing ship USS Comstock (LSD 45). General Dynamics NASSCO is a business unit of General Dynamics . General Dynamics NASSCO received funding to begin modifications to USS Comstock (LSD 45) in April 2012 and [...]
Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Keppel FELS Brasil, has secured a contract worth approximately US$200 million from MODEC and Toyo Offshore Production Systems Pte Ltd (MTOPS), a joint-venture company established in Singapore by Toyo Engineering Corporation (TOYO) and MODEC, Inc. The contract is for the fabrication and integration of topside [...]
Scomi Marine, a global service provider mainly in the oil and gas industry, plans to invest $45m to buy two new vessels, so they are able to boost the efficiency of its offshore support services division and hopes to add them to its fleet by year-end, Seatrade Asia online reports. After divesting three older vessels [...]
Russian shipping company Sovcomflot has placed a USD 1 billion order for construction of four seismographic ships with Russia’s United Shipbuilding Corporation (OSC), RIA Novosti writes citing Deputy General Director of OJSC United Shipbuilding Corporation Roman Trotsenko. Speaking at the St. Petersburg International Economic Forum on Friday, Trotsenko stated that the order represents the biggest [...]
June 25, 2012 | Posted in
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Citi, Bank of America Merrill Lynch, and OAO Sovcomflot (SCF Group) have signed a USD 140 million, 7 year loan Agreement to finance the construction of two VLCC-tankers. The vessels are currently under construction with delivery scheduled in 2013. They will operate on long-term charter agreements with PetroChina International (a subsidiary of China National Petroleum [...]
In a recently completed survey that the American Association of Port Authorities (AAPA) initiated, U.S. seaport agencies and their private-sector partners plan to invest a combined $46 billion over the next five years in wide-ranging capital improvements to their marine operations and other port properties. While port authorities and their business partners are making major [...]
![South Korea: Hyundai Heavy Wins USD 600 Mln Worth Orders]()
Global leader in the shipbuilding industry and holder of 15 % share of the market, Hyundai Heavy Industries, will have its hands full in the following period having secured three orders for construction of oil and gas rigs, worth USD 600 million. The orders entail construction of 35,000-tonne offshore oil platform worth USD 400 million, [...]
Arctech Helsinki Shipyard Inc. and Alfa-Bank have agreed on a USD 100 million construction time financing package 9 June 2012. The loan arrangement is related to the building projects of multifunctional supply vessels NB 506 and NB 507. “Ensuring the loan was important for us. With the financial arrangement we are able to assure the [...]
June 14, 2012 | Posted in
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On June 11, 2012 Yinson Holdings Berhad, seated in Malaysia, announced that it had entered into a MYR1.65bn ($516.11m) worth consortium agreement with Petrovietnam Technical Services Corporation (“PTSC”). The agreement relates to execution and performance of the engineering, procurement, construction and installation contract and the bareboat charter contract for the provision and charter of a [...]
![UK: Dolphin Drilling Enters USD 378 Million Contract with BP]()
Dolphin Drilling Ltd., a subsidiary of Fred. Olsen Energy ASA, has entered into a three year contract with BP Exploration Operating Company Ltd. for use of the semi-submersible drilling rig Byford Dolphin for operations in the UK North Sea. The new contract will commence in direct continuation with current contract. The estimated contract value [...]
