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Solstad, Ocean Installer Order Subsea Construction Vessel from STX OSV (Norway)

STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels,  has received an order for the design and construction of a large, advanced Offshore Subsea Construction Vessel (OSCV) for Ocean Installer and Solstad Offshore.

The contract value amounts to approximately NOK 1.4 billion. Ocean Installer and Solstad will have joint ownership of the vessel, which is to be operated by Ocean Installer. The vessel is scheduled for delivery from STX OSV in Norway in 2Q  2014. The hull will be delivered from STX OSV in Romania. The contract is subject to board approval by the Norwegian Guarantee Institute for Export Credits (GIEK), expected to be received on or around 20 June 2012.

The vessel, of type OSCV 06L, has been designed by STX OSV and Solstad in close cooperation with Ocean Installer, and is highly advanced in terms of station keeping, efficiency and operational performance. The vessel is designed to operate efficiently under demanding conditions and is well fitted for SURF (Subsea,Umbilicals, Risers, Flowlines) operations.

The vessel is 156.7 meters long, 27 meters wide and has an aft cargo deck area of 2,100 m2. She will be equipped with a 150 t Vertical Lay System (VLS) and a 3,000 t below deck carousel, Remotely Operated Vehicles (ROVs) in hangars launched through moonpools, and two AHC offshore cranes (400 t and 100 t) which both can operate down to depths of 3,000 meters. The accommodation facilities will have a capacity of 140 persons. The vessel is designed according to the latest environmental standards with focus on low fuel consumption.

Steinar Riise, CEO of Ocean Installer said: “We are very satisfied with placing the contract for this new-build, and are looking forward to developing our operations with this vessel, which is built for heavy construction work, and is highly advanced when it comes to station keeping, efficiency and operational performance. This investment is in line with our growth strategy, as the vessel is capable of conducting the full range of subsea construction operations in the global market. Moreover, this joint venture consolidates the strategic cooperation between Solstad and Ocean Installer”

Ocean Installer is a Norwegian subsea entrepreneur headquartered in Stavanger,Norway. Ocean Installer holds strong EPCI expertise within the SURF (Subsea, Umbilicals, Risers, Flowlines) segment and is rapidly expanding its operations andorganization within and beyond the North Sea basin. Solstad Offshore ASA is among the largest shipping companies in Norway, providing advanced vessels and extensive maritime competence for operations related to the offshore petroleum industry. The company has about 1,600 employees, and operates 50 vessels all over the world. Solstad Offshore is headquartered in Skudeneshavn, Norway and has branch offices in Brazil, Singapore, United Kingdom and Australia

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Norway: STX OSV Strengthens Specialist Technology with New Acquisitions

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STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announces that it is strengthening its technology and engineering competence through two separate transactions.

Seaonics AS (“Seaonics”), a subsidiary of STX OSV, is in the process of acquiring a shareholding interest in Castor Drilling Solution AS (“CDS”). Based in Kristiansand, Norway, CDS is a newly established company with specialist competence in offshore drilling technology.

The investment is expected to give STX OSV new insight into this segment of the offshore market, and give opportunities for development of integrated solutions primarily related to the growing market of Offshore Subsea Construction Vessels (“OSCV”). The investment, to be completed in two tranches by the end of the year, will give Seaonics a 34% stake in CDS.

Separately, STX OSV has entered into an agreement to acquire 70% shareholding interest in Brevik Partners AS (“Brevik Partners”). Established in 2010, Brevik Partners is an engineering company specializing in offshore technology and equipment. The investment in the company, to be renamed STX OSV Engineering Brevik, is expected to strengthen STX OSV’s ability to develop new concepts and integrated solutions for offshore and specialized vessels. The proposed transaction is expected to be closed by the end of May.

Both investments are in line with STX OSV’s strategy of increasing its technology and engineering competence in select parts of the offshore value chain. Through focused investments, STX OSV aims to strengthen its ability to develop and introduce vessels equipped with cutting-edge innovation and technology.

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STX OSV to Build Two OSCVs for Siem Offshore (Norway)

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STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels,  has secured new contracts for the design and construction of two Offshore Subsea Construction Vessels (“OSCV”) for Siem Offshore in Norway.

The vessels will be of STX OSV’s OSCV 11 design. The vessels will have an overall length of 121 meters, a beam of 22 meters and will be equipped with a 250t AHC crane.

Deliveries are scheduled from STX OSV Brattvaag in Norway in 3Q and 4Q 2013. The hulls of the vessels will be delivered from STX OSV Tulcea in Romania.  STX OSV also has two Platform Supply Vessels under construction in Brazil for the same customer.

Siem Offshore Inc. is an owner and operator of modern support vessels for the global oil and gas service industry. The Company has currently a fleet of 44 vessels, of which 5 are under construction. The fleet includes large Anchor Handling Tug Supply vessels, Platform Supply Vessels, and other support vessels. Siem Offshore is listed on the Oslo Stock Exchange.

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STX OSV Adds to their Backlog, DOF ASA Sends Newbuild Order for Subsea Construction Vessel

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In their second contract announcement so far today, Norway-based STX OSV adds to their offshore vessel newbuild orderbook with a NOK 650 million contract for the design and construction of an Offshore Subsea Construction Vessel (“OSCV”) for Norway-based offshore vessel owner, DOF ASA.

The vessel is of OSCV 11 design, developed by STX OSV in Ålesund, Norway. It will be designed with the new innovative moon pool concept from STX OSV.

STX OSV Design has together with Marintek and DOF Management just completed an extensive research program supported by the Norwegian Research Council, focusing on safe design and operation of moon pools. The results of the three years’ R&D program have been incorporated into the new moon pool design for the OSCV.  Compared to vessels with conventional moon pool design, the vessel can operate in a wider range of weather conditions in a safer manner for the vessel’s crew and equipment.

The overall length of the vessel will be approximately 121 meters with a beam of 22 meters. It will be equipped with one 250 ton offshore crane and two ROV systems. The vessel will have accommodation for 100 persons.

Delivery is scheduled from STX OSV Søviknes in Norway in 2Q 2013. The hull of the vessel will be delivered from STX OSV Tulcea in Romania.

DOF was founded in 1981 and is today an international group of companies which owns and operates a modern fleet of offshore / subsea vessels. The DOF group’s diversified fleet consists of innovative vessels specialized for different operational purposes; Platform Supply Vessels (PSV), Anchor Handling Tug Supply Vessels (AHTS) and Construction Support /Subsea ROV Vessels (CSV).

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Norway: STX OSV to Build 4 PSVs for Island Offshore

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STX OSV Holdings Limited (“STX OSV”), one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured new contracts for the construction of four Platform Supply Vessels (PSV) for Island Offshore. 

The combined value of all four contracts exceeds NOK 1 billion. The first two contracts are expected to become effective in November 2011, and the remaining two in January 2012. All four contracts are subject to financing approvals.

The vessels will be of Rolls Royce’s UT 717 CD design. The overall length of each vessel will be 84.3 meters with a beam of 17 meters, and the deadweight will be approximately 3800 DWT.

Deliveries are scheduled from STX OSV Brevik in Norway in the third and fourth quarter 2013 respectively for the first two vessels, and in the first quarter 2014 for the other two vessels. The hulls of the vessels will be delivered from STX OSV Braila in Romania.

The Island Offshore Group is a leading provider of services to the offshore industry managing a fleet of 20 high quality vessels with an average age of less than four years, currently operating in Brazil, Mexico, USA and in the North Sea. STX OSV has delivered more than 25 vessels to Island Offshore over the past ten years, and already has four vessels under construction for this long-standing client prior to securing the new contracts.

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South Korea: Alpha Orders LNG Carrier from STX

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Alpha Tankers & Freighters, a Greek shipowner, ordered a liquefied natural gas carrier at STX Offshore & Shipbuilding Co., shipping newspaper Lloyd’s List said, without stating where it obtained the information.

Alpha Tankers & Freighters converted an order for two capesize bulk carriers, with delivery of the tanker due in April 2015 and an option placed for a second, the paper said.

It’s the 25th LNG carrier ordered by shipowners in Greece in 2011, according to Lloyd’s List.

Original Article

STX Finland Inks Contract with Eide Marine Services for Two Well Intervention Vessels

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STX Finland Oy and Eide Marine Semi AS, a subsidiary of Eide Marine Services A/S, have signed a contract for the outfitting, completion and delivery of two highly sophisticated well intervention vessels with an aggregate contract value exceeding EUR 300 million.

The technically advanced well intervention vessels with deadweight of 31,000 tons will have a length of 122 meters and a width of 45 meters. The vessels are designed to operate in rough open sea conditions on Brazilian continental shelf. Vessels have innovative hullforms securing high seakeeping characteristics together with DP3 dynamic positioning system and truster arrangement. Large deck area provides opportunity to arrange all well serving equipment in most efficient way.

The project will create a high outfitting work load for STX Finland and its network. The work on the first hull will begin at STX Rauma shipyard in April 2012 and on the second hull in June 2012. The intervention vessels will be delivered from Rauma shipyard in March 2013 and June 2013. The contract is subject to certain financing conditions.

The contract shows STX Finland’s ability to provide competitive services and win significant contracts in this highly sophisticated and demanding offshore business segment. The contract is also an important part of STX Finland’s diversification strategy, in which the company is continuing to expand its operations into new business areas such as offshore business segment.

The outfitting contract for Eide Marine Services is a very important project for STX Finland. It shows that our strategic plan to expand our product and services portfolio,and to improve our global competitiveness and presence, has been successful”,says Timo Suistio, COO of STX Finland. “The project is very challenging both in terms of amount of outfitting work and the management of several global networking entities.” continues Suistio.

Original Article

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