Tuesday, June 6, 2000
MarineLog.com understands the new boats will be 260-280 ft platform support vessels in the $18 million to $20 million a copy price range.
In Norway, Havila Supply ASA -- in co-operation Borgstein AS, Langsten Slip & Baatbyggeri AS and others-- has established Island Offshore II. This new company has contracted an UT 722L anchorhandling vessel for delivery in May 2001. Havila Supply, which owns 26.1% of Island Offshore II , will operate the vessel.
The vessel will be fitted with a 500 tonne winch and wilth dynamic positioning. It will also be fitted out to carry out tasks called for in a framework agreement between Havila Supply ASA and Alcatel Kabel Norge AS.
The contract value is NOK 270 million (about $31 million).
Havila says that "with the expectations that exist in the offshore market," it tconsider the newbuilding contract "of strategic importance in order to be a major player in deepwater operations. "
In a parallel move, Island Offshore II is purchasing Havila Supply ASA's fully owned vessel "Havila Hidra" for NOK 165 million (about $19 million), with a five year bareboat back agreement. Havila Supply ASA has an option to buy the vessel back after two years. This vessel is a UT 745 built in 1999, and on contract to Statoil until February 2002.
The sale gives Havila Supply a liquidity
gain of abt NOK 58 million (about $6.6 million) and a negative
effect on the balance sheet of about NOK 9.2 million (about $1.05
Tidewater buying platform support vessel
The October 1999-built Ace Navigator is a UT 745 design platform supply vessel capable of working in both harsh weather and deepwater. The vessel is 275-feet in length, is rated at 9600 brake horsepower (BHP), and has full dynamic positioning capabilities.
William C. O'Malley, Tidewater's chairman,
president and CEO describes the Ace Navigator as "a very
large, state-of-the-art vessel that is in increasing demand in
the offshore services business.''
PricewaterhouseCoopers to manage PacifiCat sale
PricewaterhouseCoopers LLPhas extensive experience selling unique capital assets in the world's markets. The company's sales experience in the marine transportation sector includes both public and privately owned assets including fast ferries, conventional ferries, other marine vessels, shipping and shipbuilding organizations, and port facilities.
PricewaterhouseCoopers is responsible for developing and implementing a marketing and sales strategy to obtain the best market value for the PacifiCats through a fair and appropriate process.
The firm describes itself as "the
world's largest professional services organization," with
750 people in B.C. and more than 150,000 people working in 150
countries around the world.
Iran reportedly allows Iraqi oil in its sea lanes
For about two months, Iran had refused
to allow ships carrying contraband Iraqi oil to sail along its
coastline beyond the reach of U.N. and U.S. ships deployed to
enforce the embargo. But last Thursday, says the LA Times, a
wave of oil-laden ships moved into Iranian waters in what one
senior U.S. official likened to "a jailbreak."
U.S. officials said they are mystified
by Iran's apparent policy shift, noting that Tehran had been
widely lauded for the spirit of cooperation it displayed over
the previous two months.
Those requests were confirmed yesterday
by Iran's Foreign Ministry.
According to U.S. officials, the illegal
oil shipments are now passing through Iranian waters with no
apparent impediments, says the LA Times story. The ships involved
are flying the flags of Russia, Honduras, Belize, Panama and
some Mideast countries. As long as they remain within 12 miles
of Iran's coastline, says the LA Times story, they are outside
the jurisdiction of U.N. and U.S. ships enforcing the embargo.