Pacific Radiance Declares Options for ULSTEIN’s PSV Designs

In September 2013, Pacific Radiance Group announced the order for two platform supply vessels of the ULSTEIN PX121 design for construction at Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS Offshore).
The contract included options for two more vessels, and the options are now declared, the company said in its press release. “The contract with ULSTEIN comprises design and an extensive package of equipment, and we are grateful for these new orders,” says Ove Dimmen at Ulstein Design and Solutions, continuing: “It’s exciting to see that Shanghai Waigaoqiao has succeeded in introducing these efficient and flexible PSVs to the market.” In addition to PSV duties, the vessels for Pacific Radiance Group are also prepared with increased accommodation and provisions for crane and ROV installation, which give the vessels the opportunity to trade in the IMR market.

The two vessels are scheduled for delivery in Q4 2015. The PX121 design has drawn much interest worldwide since the first vessel of this type started work in 2012. The design quickly gained popularity as charterers and ship-owners discovered that the vessel meets the typical PSV requirements with a fuel efficient and competitive combination of loading capacity, speed and discharge capability. “Summary of feedback from the vessels in operation is improved regularity, low fuel consumption and a pleasing work place, which is a credit to ULSTEIN X-BOW®’s hull characteristics as well as the proven machinery and outfitting solutions,” states Ove Dimmen.

Keppel to Supply Turret for TEN FPSO Offshore Ghana

SOFEC has commissioned Keppel Shipyard to fabricate an external turret mooring system for the FPSO that will serve the Tweneboa-Enyenra-Ntomme (TEN) fields offshore Ghana.
The fields are in average water depth of 1,500 m (4,921 ft). The turret is expected to be completed early next year. Bumi Armada Offshore Holdings has awarded

Keppel Singmarine contracts to build two ice-class supply vessels and an ice-class multi-purpose duty-rescue vessel, all due for delivery next year. They will support platforms serving Lukoil’s V.Filanovsky oil field development in the Russian sector of the Caspian Sea. The vessels will provide year-round delivery of cargoes, salvage, search and rescue, fire-fighting, and towing and tanker mooring operations.

Fairmount Marine Towed Pipelay-Vessel Castoro Sei to Rotterdam

Tug Fairmount Glacier has towed pipelay-vessel Castoro Sei to Rotterdam, the Netherlands, from where the vessel will start her seasonal activities on the North Sea. The Fairmount Glacier hooked-up with Castoro Sei in Genoa, Italy.

The Castoro Sei is a 28,000 ton DWT 152 meters long semisubmersible pipelay-vessel operated by Italian Saipem. For her towage from Genoa towards Rotterdam the Fairmount Glacier was mobilized from Las Palmas.

The convoy reached Gibraltar within six days. For the next part of the voyage, including the passage of the English Channel, the Fairmount Glacier was assisted by tug Salviceroy. Despite the bad weather encountered offshore Portugal on the Atlantic, the convoy made progress and continued towards its destination. Upon arrival Rotterdam the Castoro Sei was towed inside and safely moored. 

Intan Offshore buys AHTS for $7m

Perisai Petroleum Teknologi's indirect 51% subsidiary, Intan Offshore Labuan has entered into a Memorandum of Agreement with Lewek Robin Shipping to acquire the Lewek Robin AHTS for $7m. The 2007-built vessel can accommodate a crew of 20 and has a deck space measuring 240 sq meters. Additionally, the Lewek Robin is capable of a bollard pull of 61 tonnes, a capability of handling 80 tonne anchors and is equipped with fire fighting facilities. A seven year loan worth $4.55m has been secured to
help pay for the ship. It will be bareboat chartered to Emas Offshore. The ship is the ninth to join Intan Offshore's fleet.

Keppel Offshore & Marine Units Win Orders Totalling $140 million

Keppel Offshore & Marine (Keppel O&M) subsidiaries Keppel Shipyard, Keppel Singmarine and Keppel
Nantong Shipyard Co have secured contracts worth a total of about $140 million. Keppel Shipyard will undertake for Sofec Inc the fabrication of an external turret mooring system for a floating production storage and offloading (FPSO) vessel that will operate in the Tweneboa-Enyenra-Ntomme fields in Ghana, in water depth averaging 1,500 metres.
Fabrication of the turret is expected to be completed in the first quarter of 2015. Meanwhile, Keppel Singmarine has secured three contracts from Bumi Armada Offshore Holdings - a subsidiary of Bumi Armada - to build two iceclass supply vessels and an ice-class multi-purpose duty-rescue vessel.

US NAVY SEARCHING FOR MALAYSIA AIRLINES MH370

The crew members on board a P-8A Poseidon assigned to Patrol Squadron (VP) 16 man their workstations while assisting in search and rescue operations for Malaysia Airlines flight MH370. VP-16 is deployed in the U.S. 7th Fleet area of responsibility supporting security and stability in the Indo-Asia-Pacific. And on the
surface the Arleigh Burke-class destroyer USS KIDD (DDG 100) expanded its patrol area from the northwest entrance of the Strait of Malacca into the Indian Ocean and Andaman Sea, March 16th. Upon receiving the updated tasking, KIDD and the two embarked MH-60R helicopters immediately transited to the new search area to continue the search and rescue mission. Kidd is covering more than 300 square miles of water space every four hours and is

meticulously investigating anything that may be evidence associated with aircraft debris. "Our helicopters are an extension of the ship's capabilities and provide us with the best chance of finding airplane debris," said Lt.j.g. Eric Bachtel, of Phoenix, Ariz., the ship's Combat Information Center Officer. "With extra watch standers in place, we are able to comb through any debris spotted from the ship or the aircraft and if needed retrieve the objects via grappling hook, small boats, or with our Search and Rescue swimmers deployed from the

ship or helicopters." Kidd searches more than 1,500 square miles of ocean each day, investigating any possible debris that may be linked to the airliner's crash. Kidd continues to support the overall Malaysian government search effort by sharing information and investigating possible leads. The KIDD crew remains persistent and hopeful that they will find indications as to the possible disappearance site of Malaysia Airlines Flight MH370 in order to shed some light on this tragedy.

BOURBON : Proposed Bid for Shares in BOURBON by JACCAR Holdings

BOURBON has been informed of a proposed bid for its shares at a price of 24 euros per share, announced March 16, 2014 by its main shareholder, JACCAR Holdings. This offer is conditional upon obtaining 50.1% of the capital and bank financing. This offer would allow JACCAR Holdings to strengthen its position in BOURBON's share capital and provide liquidity to shareholders. JACCAR Holdings has indicated that they do not intend to implement a squeeze-out following the completion of this offer. The proposed offer will be filed with the financial market authorities and the
terms of the Offer will be subject to the discretion of the AMF The Board of Directors of BOURBON has been informed of this offer and will conduct a preliminary review of the key terms of the public offer at a meeting to be held March 21, 2014.