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Marine construction contractor Ocean Installer, a Moreld subsidiary, has been awarded a contract for work on a life extension project on Equinor’s Mikkel field. The EPCI project includes detailed design work, fabrication, and installation of rigid spools, as well as the installation of a flow condition unit at the Mikkel field. Offshore operations are set …
https://splash247.com/equinor-awards-epci-work-on-norwegian-sea-field-to-ocean-installer/
https://splash247.com/equinor-awards-epci-work-on-norwegian-sea-field-to-ocean-installer/Offshore contracting giant TechnipFMC has been awarded an EPCI contract by Italian major Eni on the Coral North development offshore Mozambique. The company will work on the second floating liquefied natural gas (FLNG) project in the country. Under the terms of the deal, TechnipFMC will manufacture and install flexible flowlines and risers, as well as install subsea …
https://splash247.com/technipfmc-bags-subsea-work-on-enis-second-mozambique-flng/
https://splash247.com/technipfmc-bags-subsea-work-on-enis-second-mozambique-flng/Integrated Wind Solutions has strengthened its forward orderbook after agreeing a two-year extension to a strategic contract with an existing client, tightening utilisation for its walk-to-work fleet into the next decade. The Oslo-listed company said the deal for its business unit IWS Fleet covers the European region through 2029, with options that could run as …
https://splash247.com/integrated-wind-solutions-adds-to-backlog-with-csov-contract-extensions/
https://splash247.com/integrated-wind-solutions-adds-to-backlog-with-csov-contract-extensions/Diana Shipping has lined up forward employment for one of its kamsarmax bulkers, adding to a steady run of period fixtures by the Greek owner. The US-listed company said it has agreed a time charter with Paralos Shipping for the 2010-built Myrsini at $13,500 per day, less a 5% commission. The deal runs until December …
https://splash247.com/diana-shipping-adds-another-period-fixture-to-bulker-slate/
https://splash247.com/diana-shipping-adds-another-period-fixture-to-bulker-slate/Zodiac Maritime has caught the market on the front foot with the sale of a newcastlemax bulker, as secondhand deals continue to surface across multiple shipping segments. Brokers say the Eyal Ofer-controlled owner has sold the Cape Merlin to Chinese buyers for about $23.5m. The 206,000 dwt, 2005-built vessel was constructed at Imabari Shipbuilding. The …
https://splash247.com/zodiac-times-newcastlemax-sale-as-buyers-stay-active-across-sectors/
https://splash247.com/zodiac-times-newcastlemax-sale-as-buyers-stay-active-across-sectors/John Fredriksen-backed SFL Corporation has agreed to sell two of its older suezmax tankers, continuing a selective reshuffle of its tanker portfolio. The US- and Oslo-listed owner said it will dispose of the 2015-built SFL Thelon and SFL Ottawa, both 160,000 dwt vessels currently on charter to Koch Industries. The gross sales price is expected …
https://splash247.com/fredriksens-sfl-cashes-in-on-oldest-suezmaxes/
https://splash247.com/fredriksens-sfl-cashes-in-on-oldest-suezmaxes/Pierre Aury writes for Splash that in shipping, low barriers to entry are being offset by digital barriers to exit quietly built by IT vendors. The dry bulk and tanker markets are classic examples of commoditized, low-differentiation industries with hardly any barriers to entry. Vessels are more or less standardized assets. A newcomer can easily …
https://splash247.com/barriers-to-entry-barriers-to-exit-and-disintermediation/
https://splash247.com/barriers-to-entry-barriers-to-exit-and-disintermediation/Finnish engineering group Wärtsilä has agreed to divest its Gas Solutions business to German private equity investor Mutares SE & Co. KGaA, continuing its efforts to streamline operations and unlock value from its portfolio.Gas Solutions, which operates globally across the gas value chain…
https://www.marinelink.com/news/wrtsil-sell-gas-solutions-business-533777
https://www.marinelink.com/news/wrtsil-sell-gas-solutions-business-533777Norwegian offshore vessel owner and subsea services provider DOF Group has secured several new project awards in the Atlantic region and a separate contract in North America with Shell.The Atlantic region awards, amounting to over $60 million…
https://www.marinelink.com/news/dof-expands-backlog-atlantic-awards-shell-533778
https://www.marinelink.com/news/dof-expands-backlog-atlantic-awards-shell-533778Offshore seismic services firm Shearwater Geoservices has finalized the preparations for the upcoming start of a new multi-client seismic project offshore Nigeria.The 3D survey is backed by significant industry funding and will be executed in…
https://www.marinelink.com/news/shearwater-set-start-multiclient-survey-533779
https://www.marinelink.com/news/shearwater-set-start-multiclient-survey-533779