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Contracts

HII Subsidiary AMSEC Wins US Navy Contract

Huntington Ingalls Industries' subsidiary AMSEC contracted to support submarine & surface ship new construction. AMSEC LLC subsidiary has been awarded a contract by the U.S. Navy's Space and Naval Warfare Systems Command…

Contracts

Prospector Offshore Keeps its Options Open

Prospector Offshore Drilling agrees with two Chinese shipyards to extend options on 6 rig construction agreements. An agreement with Dalian Shipbuilding Industry Offshore Co. extends the expiry dates on three of its rig…

Contracts

Gulf of Thailand PSV Charter Fixed

Miclyn Express Offshore's Thai J/V has taken delivery of the PSV 'UM Supporter' from Poet Shipbuilding & Engineering. The vessel immediately entered into a 3 year firm contract, plus two 1 year extension options, to…

Contracts

FPSO Arrives at Petrobas Offshore Brazil Site

Floating Production Storage & Offloading (FPSO) vessel 'Cidade de Itajaí' arrives at the Santos Basin. Petrobras announce the FPSO's arrival at its definitive location to be integrated to the Baúna and Piracaba field…

Contracts

China Eximbank & CCS Ink Cooperation Agreement

The Export-Import Bank of China (Eximbank) joins hands with China Classification Society (CCS) to support the country's shipping industry. China Eximbank and CCS agree to conduct more cooperation in future on financing…

Contracts

Damen Shipyards Extends IFS Agreement

IFS announce that Damen Group, has chosen to extend its agreement with them by purchasing additional user licenses for IFS Applications™. Damen Shipyards, headquartered in Gorinchem, The Netherlands, implemented IFS…

Contracts

Time Charters Cancelled by Japanese Charterer

NS United Kaiun Kaisha (NSU) resolved early cancellation of dry-bulk ship time charters due to unfavourable economic market conditions. The cancellation will result in appropriation of extraordinary loss in Q3 2013…

Contracts

Tankship Contract Cancelled by Bahri

Bahri subsidiary, National Chemical Carriers Ltd., cancels contract for chemical tanker (NCC Bader) due to the delay in terms of delivery. The National Shipping Company of Saudi Arabia (Bahri) announces that its 80%…

Contracts

Alaska Drill Rig Refit Contract Terminated

Buccaneer Energy contextualizes termination of its contract with Archer Drilling as project manager of work on one of its jack-up rigs. The contract was for Archer Drilling to act as project manager of modifications and…

Contracts

HIgh LNG Freight Rates Possibly Short-term

Market analysis suggests winter demand could cause LNG freight rates to rise but downward pressure might later be forthcoming. Rising LNG prices, almost stagnant liquefaction capacity amid expanding regasification…

Contracts

Drilling Rig Status Update from Rowan

Rowan Companies plc gives an update on notable events. EXL I: Changed day rate to mid $220s (previously mid $210s) due to amortization adjustment. J.P. Bussell : Rig is expected to be off rate for five days in 1Q 2013…

Contracts

Atwood Gets Jack-up Rig Contract Extension

An Atwood Oceanics, Inc. subsidiary awarded year's contract extension by Salamander Energy for the jackup 'Atwood Mako'. The extension is priced at a day rate of $155,000 and begins September 9, 2013. The Atwood Mako…