Polarcus secures $410 million bank facility

Dubai-based marine geophysical specialist Polarcus Limited (OAX: PLCS) says that it has signed a term sheet for a bank facility of $410 million with DnB NOR Bank ASA and DVB Bank SE,

New contracts extend Otto Marine OSV operating horizons

Singapore’s Otto Marine Limited says that its Karp Marine Limited unit has secured vessel operating contracts worth US$15 million for three of the group’s offshore service vessels. These contracts mark the Group’s

OSD to design seismic support vessel for Bourbon

IJmuiden, Netherlands, headquartered Offshore Ship Designers has been chosen to design a series of six new fuel-efficient seismic support/chase vessels ordered by  offshore major Bourbon to be built at Dubai’s Grandweld Shipyards.

Farstad strengthens its position in Brazil

Norway’s Farstad Shipping ASA has reached an agreement with Brazil’s Petroserv S.A. that will see it buy Petroserv’s 50 percent share in BOS Navegação S.A. for $56.5 million. The deal will give

MHI reinvents the Moss-type LNG tanker

Japan’s Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of a new-generation liquefied natural gas (LNG) carrier marking an evolutionary advance from Moss-type LNG carriers. The new vessel-type dubbed “EXTREM” features a

Statoil awards Cat D rig contracts to Songa

Statoil has awarded the contract for construction of two new drilling rigs for use on the Norwegian continental shelf (NCS) to Songa Offshore. Statoil announced the tender for the new category D

Maersk declares option for two more drillships

Maersk Drilling, a business unit within the A.P. Moller- Maersk group, has declared its option to build two ultra deepwater drillships at Samsung Heavy Industries in South Korea and has obtained a

Baker Hughes adds sophisticated well stimulation vessel

One of the world’s largest well stimulation vessels, the 300 ft Blue Tarpon, was delivered  to Baker Hughes, Houston, Tex., earlier this month by North American Shipbuilding, Larose, La. Baker Hughes selected

SBM Offshore DSCV to have Wärtsilä power and propulsion

ordered by SBM Offshore N.V. in April.

The contract includes the vessel’s main power generation system, the Wärtsilä Low Loss Concept full electric and automation system, and a complete integrated propulsion system. The vessel will operate on marine diesel oil (MDO). Wärtsilä will deliver the systems during the beginning of 2012, and the ship is scheduled to be delivered in the second quarter of 2013.

sbmdscv500

The system features the patented Low Loss Concept and the ECOMeter, which is part of the Wärtsilä Integrated Automation System.  This estimates fuel consumption and advises on the optimal means of operating the vessel in order to save fuel and the environment. “Our expert know-how on efficient systems with maximum redundancy is the key to our success in ship systems. Customers value the integrated systems approach that mitigates project completion risks in complex offshore vessel projects,” says Magnus Miemois, Vice President, Offshore, Wärtsilä Ship Power.

Scope of contract

July 7, 2011

U.S.-flag OSV sold for Alaska service

Ocean Marine Services, Inc., Nikiski, Alaska, recently purchased the 1998-built, 194 ft offshore support vessel Sabre from Gulf Coast creditors, according to shipbroker Marcon International, Inc., Coupeville, Wash. The U.S. flag Sabre

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