Download Newsletter 33_2012 - Towingline.com

13 TH VOLUME, NO. 33 DATED 19 AUGUST 2012
20 Fast Patrol Vessels for Coast Guard, 7 Offshore Support ships to Indian and Foreign owners and
the prestigious Aircraft Carrier for the Indian Navy. The yard had completed the technical float out
of the Aircraft Carrier in Dec 2011 after completing a record 15000 Tons of work in 3 years. The
yard continued to post good financial performance even in the aftermath of the withdrawal of
shipbuilding subsidy by GOI. (Source: CochinShipyard)
SIEM SWORDFISH SALE COMPLETED
Siem Offshore says the sale and delivery of Siem Swordfish was concluded on 31 July in line with
the charterer’s purchase option, which was exercised in December 2009. The gross sales proceeds
amounted to US$54 million. The proceeds will be used to repay bank debt and to strengthen
working capital by US$16 million in order to support the company’s newbuilding program. (Source:
OSO)
DOF WINS FPSO MOORING CONTRACT IN INDIA
DOF Subsea Asia Pacific, a
subsidiary of DOF ASA has
received a Letter of Award for
the installation of a FPSO
mooring system in India and the
project management and
engineering associated with the
hookup and commissioning of
the FPSO. The work will be
executed in Q4 2012 and is
valued at USD 16m. Steve
Brown, EVP, Asia Pacific said
"this, and other recent awards,
build on the excellent track
record that DOF Subsea has in the region. Our Project Management and Engineering capability
along with our regional fleet the Skandi Hercules, Skandi Singapore and Skandi Hawk are central to
our drive to achieve ever higher standards of safety, quality and reliability. We look forward to
working with our clients to deliver safe and successful projects." Skandi Hercules, the vessel to be
used for the operation is a versatile multipurpose Construction Anchor Handling Vessel, ideally
suited to deepwater mooring and field installation operations. Built to meet future environmental
standards, the vessel is fuel efficient and clean class, thus having the capability to work in most of
the world’s offshore| oil & gas precincts. At 108 m long, operating capabilities include a working
moonpool, a 1401 Offshore Crane, "Safe Deck" manipulator crane system, a main winch capacity of
500 t and secondary of 170 t and a bollard pull of 3501. (Source: DOF Subsea)
PERDANA PETROLEUM LOOKING TO EXPAND
Perdana Petroleum Bhd is looking into the possibility of buying more vessels as it feels that the
market is now slowly moving into the right direction, said its managing director, Shamsul Saad. The
company presently has 14 vessels which comprises of eight units of anchor handling tug supply
(AHTS) vessels, two 5,000 BHP AHTS, six mid-size AHTS between 10,000 and 12,000 BHP and six
maintenance & hook-up work vessels being four work barges and two workboats. "We are working
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