Partners Developing LNG-fueled Capesize Concept
New regulations on limiting sulphur and nitrogen oxides emissions and a burgeoning global infrastructure are adding to the growing momentum for the more widespread adoption of LNG as a marine fuel. “Green Corridor”, a new joint industry project (JIP) signed recently in Singapore, looks to capitalize on this opportunity to drive the development of the market. Under the JIP, partners BHP Billiton, Mitsui O.S.K. Lines, Rio Tinto, SDARI, Woodside and DNV GL will assess the commercial potential of LNG fueled vessels in a “green corridor” between Australian and China…
MMA Ink OSV Charter with BHP Billiton Petroleum
Mermaid Marine Australia Limited (MMA) awarded offshore marine support contract for FPSO operations off NW coast of Australia. The vessel to service the contract, the Mermaid Cove is currently under construction in Singapore, and will commence operations in 2013 in the meantime, Mermaid Supporter will act as lead in vessel until the Mermaid Cove is delivered. The contract, with a value in excess of A$50 million is for an initial period of five years, with contract upside should the two additional one year options be exercised by the Company.
DDW Wins Groundbreaking GOM Conversion Contract
Drydocks World signed a Contract with Singapore based AET, a global leader in petroleum shipping, for two Tanker-to-Modular Capture Vessel (MCV) conversion projects. AET is converting these vessels as part of the Marine Well Containment Company’s (MWCC) well containment system. MWCC is a not-for-profit, stand-alone organization with 10 member companies ExxonMobil, Chevron, ConocoPhillips, Shell, BP, Apache Anadarko, BHP Billiton, Statoil and Hess. The conversion will be implemented at the Drydocks World – Dubai facility.