With other shipping sectors still in the doldrums, news that Norway’s Farstad Shipping has won two major money charters must provoke some rather jealous glances from some. The two-vessel, 12-15 month charter is reportedly worth Nkr450 million ($69.7 million). Read the rest of this entry
Archives: May 2009
We can all try and get people, family, friends, etc interested in ships and dynamic positioning…but when you start to mention drilling to the centre of the earth, well then people take note. Read the rest of this entry
The history of dynamic positioning (DP) has been one of groundbreaking innovation and pioneering development. The pursuit of making the seemingly impossible not just feasible, but safe, clean and cost effective has led to incredible leaps in technology, and opened up a new world of hitherto untapped maritime possibilities. Read the rest of this entry
Dockwise Ltd. has announced a new phase of contract activity. With eleven near-and longer term contracts awarded to its subsidiary, Dockwise Shipping, for the transportation of jack-up drilling rigs, semi submersible rigs and port & marine infrastructure. Total revenues for the contracts are approx USD 63 million, adding USD 33 million to the backlog end of Q1 2009. Read the rest of this entry
Australia’s first international undersea cable link to be owned wholly and independently by local telcom suppliers such as Telstra and Optus has commenced installation.
Cable laying work is currently proceeding off the South African and Egyptian coasts, and SEACOM has announced that the first portions of deepwater cable are now resting safely on the seabed of the Indian Ocean and Red Sea. Read the rest of this entry
The US-based Classification society ABS has provided basic design approval for Petrobras’ round FPSO design. The mono-column floating, production, storage and offloading unit (MPSO) could be used as a possible option for a later phase of development at the Cascade Chinook field in the deepwater Gulf of Mexico. Read the rest of this entry
It seems that many Offshore support vessel (OSV) owners are still feeling the effects of the current economic downturn, with lower day rates and dropping figures for fleet utilisation being widely reported across the industry and even mainstream press. Read the rest of this entry
A consortium formed of Sembcorp Marine subsidiary SMOE Pte and PT Saipem Indonesia has secured a major contract for the engineering and construction of a Central Processing Platform, a Wellhead Platform and a 16 inch diameter by 3 km export subsea gas pipeline, to be installed in about 80 meters water depth in the Gajah Baru Field, offshore Indonesia.