Greek shipping company Capital Product Partners has agreed to spin off its crude and product tanker business and merge it with the tanker businesses owned by DSS Holdings.The $1.65 billion transaction involving 68 tankers is expected to create the third largest publicly traded MR and product fleet in the world
Mississippi shipbuilder VT Halter Marine, Inc. said it has secured a new contract to build an articulated tug barge (ATB) tug with an option for a second vessel for Bouchard Transportation Co., Inc.Construction of the new vessel, M/V Evening Stroll, begins immediately at the builder’s Pascagoula, Miss. shipyard, with delivery scheduled for December 2019.
The Netherlands based Royal IHC said it has been awarded a contract to modify McDermott International Inc.’s pipelay and construction vessel Amazon. The scope includes the delivery of an innovative and complete J-lay system to the Houston based company.IHC will be responsible for the overall management of the modification project, from the design through to the integration of the new equipment.
More than $20 million in grant funding has been awarded to support capital improvement projects at 29 small shipyards in 22 states across the U.S.The funding, awarded through the U.S. Department of Transportation’s Maritime Administration (MARAD) Small Shipyard Grant Program, supports capital improvements that foster increased efficiency and economic growth.
New Orleans based E.N. BISSO & SON, INC. announced it has acquired fellow harbor tug serves provider PETCHEM, INC. of Port Canaveral, Fla., effective June 27, 2018.PETCHEM’s business at Port Canaveral, which includes three tugs and has been active since 1984, will continue to operate as PETCHEM, INC. with all staffing, personnel, equipment and service commitments unchanged.E.N.
The provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resource, Fugro has cancelled a charter with Oceanteam for construction support vessel (CSV) Southern Ocean off Australia as the unit has been delayed while working on its current job off India.
McDermott International, provider of technology, engineering and construction solutions to the energy industry, and its joint venture partner, Chiyoda International Corporation, a U.S.-based wholly-owned subsidiary of Chiyoda Corporation, Japan, announced that Train 1 of the Cameron LNG project in Louisiana has reached the final commissioning stage.
McDermott International announced a contract from Shell Exploration and Production Company, a subsidiary of Royal Dutch Shell (Shell) plc, for subsea umbilical and flowline installation at the Perdido development, located 230 miles south of Galveston, Texas, in the Gulf of Mexico."This award strengthens McDermott's relationship with Shell as we work together to safely and competitively deliver
NextDecade Corporation, a liquefied natural gas (LNG) development company focused onLNG export projects and associated pipelines in the State of Texas, announced that it has received bid packages from each of Bechtel Oil, Gas, and Chemicals, Inc. and Fluor Corporation.Both the companies are two of the global LNG market’s leading engineering, procurement, and construction (EPC) contractors.
Qatar's Nakilat and McDermott are establishing a 60:40 joint-venture (JV) company that provides offshore and onshore fabrication services in Qatar."The strategic partnership aims at increasing productivity levels at Nakilat’s world-class Erhama Bin Jaber Al Jalahma Shipyard and developing local construction capabilities to support the increasing demand for the construction of offshore and
McDermott International, the fully integrated provider of technology, engineering and construction solutions to the energy industry, announced a contract award for CB&I storage tanks from Nan Ya Plastics Corporation.McDermott's scope of work includes the engineering, procurement, fabrication and construction of four internally framed stainless-steel umbrella roof tanks in Point Comfort, Texas.
McDermott International announced that it plans to partner with the Italian oil and gas industry contractor Saipem S.p.A. to bid for NextDecade's planned Rio Grande LNG project in Brownsville, Texas."Our joint bid with Saipem will feature optimized execution strategies that result in increased certainty on schedule and cost as compared to other LNG projects on the U.S.