May 31, 2011

Fairstar and GSI signed LOI for new 50,000dwt semi-submersible vessel

China's Guangzhou Shipyard International has inked a letter of intent (LOI) with Dutch firm Fairstar Heavy Transport to build a 50,000-dwt semi-submersible heavylift carrier. [Read More] Source: Asia...
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Hyundai wins $1.1 bln drillship order from Rowan

Hyundai Heavy Industries , the world's largest shipbuilder, has won an $1.1 billion order to build two drillships for drilling contractor Rowan Companies Inc , Hyundai said on Wednesday. [Read More] Source: Reut...
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Combi Lift handles anchor handling tug supply vessels

Two anchor handling tug supply (AHTS) vessels are currently being discharged in Lagos, Nigeria from Combi Lift's multipurpose vessel, Combi Lift IV, having been safely transported from Singapore. [Read More] Source: Heavy L...
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Aker Solutions wins drilling equipment contracts

Aker Solutions has won two contracts to supply complete drilling equipment packages for two new deepwater drilling units that are being built by Cosco, the Chinese shipbuilding company.The combined value of the contracts is about $195 million, and includes options...
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Aker Solutions to supply three subsea production control umbilicals for Chevron

Aker Solutions has been selected to supply three subsea production control umbilicals for the Chevron operated Jack & St. Malo field developments in the Gulf of Mexico. Contract value is undisclosed. The production control umbilicals will provide hydraulic, electrical and fiber optic service to...
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Cosco Kang Sheng Kou takes Jack-up rig to Alaska

The Cosco Kang Sheng Kou arrived on May 27, on the way to Alaska, and left on May 29 after spending the weekend in the Prince Rupert Harbour. According to Michael Gurney, the manager of corporate communications with the Prince Rupert Port Authority, the vessel...
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McDermott Wins Pipeline Installation Project in Gulf of Mexico

McDermott International, Inc. (NYSE:MDR) ("McDermott"), announced today that one of its subsidiaries was awarded a contract by PEMEX Exploración y Producción for procurement, construction and installation of three oil and gas pipelines ranging from 8 to 20 inches...
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Qatar signs deal for two major ports in Egypt

Qatar said on Sunday that it had signed an agreement with Egypt to establish two new ports with the potential to create more than a million jobs. [Read More] Source: Arabian Busin...
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Ensco plc Completes Acquisition of Pride International

Ensco plc (NYSE: ESV) announced the completion of its acquisition of Pride International, Inc. (NYSE: PDE) after both companies received overwhelming shareholder approvals at special meetings held earlier today. The combination establishes Ensco...
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Seadrill secures new jack-up contract in Thailand

Seadrill has been awarded a new contract by PTTEP in Thailand for the jack-up rig West Leda. The assignment is for a firm period of nine months and with an option to extend for a further six months. The contract value for the firm period is approximately US$35...
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All SM Korean shipbuilders feared to fall extinct

Just following the shipping crisis which started in the second half of 2008, the shipbuilding crisis has already lasted over two and half years, reaching the stage that all traditional small and medium-sized (SM) Korean shipbuilders who have played an important part of Korean shipbuilding industries...
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SeaBird Works on Plan for Second OBN Vessel

SeaBird Exploration PLC ("SeaBird" or "SBX") has over the last few months worked with a Norwegian shipyard to develop and plan the construction of a second vessel in addition to the Hugin Explorer for deploying, retrieving and servicing Ocean Bottom Nodes (OBN). Through...
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