• 2014 May 8 11:08

    Saipem awarded E&C contracts for approximately $4 billion

    Saipem has won four new Engineering & Construction contracts, onshore in Saudi Arabia and offshore in Brazil, for a total amount of approximately $4 billion, the company said in its press release.
    Saipem has been awarded by Saudi Aramco three contracts in Saudi Arabia for onshore engineering and construction activities.
    Two EPC contracts relevant to the Jazan Integrated Gasification Combined Cycle project are to be located near the city of Jizan, in southwestern Saudi Arabia.
    Package 1 contract comprises the Gasification Unit, the Soot/Ash Removal Unit, the Acid Gas Removal and the Hydrogen Recovery Units. Package 2 contract includes six Sulphur Recovery Unit (SRU) Trains and relevant Storage Facilities.
    The scopes of work of both packages include engineering, procurement, construction, pre-commissioning, assistance to commissioning and performance tests of the concerned facilities. These two packages are part of the current Saudi Aramco development of the largest gasifier-based power facility built in the world, adjacent to its new Jazan Refinery & Terminal project. The power plant will be based on gasification technology and the primary feedstock to the power plant will be the vacuum residue produced in the refinery as well as high sulfur fuel oil. The power plant will serve the refinery power needs and export a large amount of power to the national grid.
    As part of the Jazan Economic City, Saudi Aramco’s Jazan Refinery and Terminal Project is part of its strategic intent to facilitate a diversified and sustainable expansion of Saudi Arabia’s economy and enable a globally competitive and vibrant Saudi energy sector. The Jazan Refinery and Terminal Project itself will provide more than 1,000 direct jobs in addition to 4,000 indirect jobs.
    Furthermore, Saudi Aramco has awarded to Saipem an EPC contract for the Loops 4 & 5 of the Shedgum-Yanbu’ Gas Pipeline, linking Shedgum to Yanbu’ .
    The scope of work of this third contract includes detailed design, engineering, procurement, installation, commissioning and start up assistance for two pipelines, which will be completed in the second half of 2017.
    In Brazil, Petrobras has awarded to Saipem an EPCI contract for the Lula Norte, Lula Sul and Lula Extremo Sul Project, to be developed in the Santos Basin Pre-Salt Region, approximately 300 kilometres off the coasts of the Rio de Janeiro and São Paulo States.
    The scope of work includes engineering, procurement, fabrication and installation of three offshore pipelines, with related terminations (PLETs) and Free Standing Hybrid Risers (FSHRs) for the gas export systems to be installed in the Lula field in water depths up to 2,200 meters. The marine activities will be performed mainly by the Saipem FDS2 within the first half of 2016.
    Saipem will use its yard, currently under development in Guarujá for the fabrication of the Risers system and the associated Subsea equipment. The project will be delivered in the third quarter of 2016.
    Umberto Vergine commenting these new contracts said: “Winning these contracts is certainly a great success for Saipem: the contracts in Saudi Arabia represent the first large onshore projects won in 2014 and confirm our competitiveness in complex onshore projects with significant technological edge. The new Lula offshore contract proves that our entry strategy and our investments to became a big player in Brazil start to pay off. In both cases we have, exactly at the right time, secured important contracts in two of our target countries, for two of our key clients. This is extremely encouraging for more success in the future”.


2024 April 25

18:07 MSC collaborates with GSBN to trial integrated safe transportation certification verification process
17:23 China launches construction of cutting-edge marine research vessel
17:06 CMA CGM and Bpifrance launch €200mln fund to decarbonize French maritime sector
16:46 Avenir LNG orders two 20,000 M3 LNG bunker delivery vessels
16:05 Port of Amsterdam revenues up to €190.4 million in 2023
15:46 OOCL launches Transpacific Latin Pacific 5 to offer express linkage between Asia and Mexico
15:23 MOL is 1st Japanese shipping company to raise funds through transition linked loan using performance-based interest subsidy system
14:53 Trident Energy enters the Republic of Congo with strategic deal
14:21 LNG-powered ship moored in Koper for the first time
13:38 MABUX: Bunker Outlook, Week 17, 2024
13:32 The Grimaldi Group's Great Abidjan delivered in South Korea
13:12 European Parliament updates trans-European transport network guidelines
12:40 ClassNK releases route correction factors calculation tool "WACDAS"
12:10 MOL and Gaz System enter into agreement on FSRU project in Gdansk, Poland
11:31 Wartsila Gas Solutions to supply cargo handling system for a new 12.5k LNG bunkering vessel for Scale Gas
11:09 Wartsila secures China’s largest-ever methanol newbuild order
10:42 Valencia port community increases waste recovery by 75%
10:22 Kongsberg completes factory acceptance testing of the first production long-range autonomous underwater vehicle system HUGIN Endurance
09:53 Vladimir Putin: The BAM carrying capacity to reach nearly 42 million tonnes in 2024
09:47 Hanwha Ocean reports an operating profit of $38.6 mln on a consolidated basis in January-March 2024

2024 April 24

18:02 Incat to commence design study for new electric-hybrid ferry in partnership with DFDS
17:39 FESCO's 2023 revenue was up 6% Y/Y to RUB 172 billion
17:20 Peninsula adds chemical tanker Aalborg to supply in the Port of Barcelona
17:17 NCSP Group’s Q1 net profit rises 1.9 times to RUB 4.8 billion
17:03 AtoB@C Shipping reveals names for the rest of its new hybrid vessels
16:45 Red Sea conflict brings massive carbon emissions increases in ocean freight shipping
16:17 Wallenius Wilhelmsen signs a 20-year lease agreement with the Georgia Ports Authority
15:46 AD Ports Group secures a 20-year agreement to operate and upgrade Luanda multipurpose port terminal in Angola
14:43 Hengli Heavy Industries receives an order for four bulkers from Ciner Shipping
14:27 TotalEnergies, OQ to launch $1.6bn LNG bunkering project in Oman
13:54 Major shipping companies may resume limited calls to the Port of Baltimore
13:10 HD HHI inks MOU with Philly Shipyard for US vessel MRO business
12:45 MSC adds King Abdul Aziz Port in Dammam to its East Africa Express service
12:16 Norton Rose Fulbright advises Citibank on $450m facility for Danaos Corporation to acquire eight newbuild vessels
10:40 DEME and Jan De Nul build the foundation for an energy island on behalf of Elia Transmission
10:08 Salzgitter AG and Uniper SE sign pre-contract for the supply and purchase of green hydrogen
09:18 Norwegian Cruise Line and Fincantieri float out the first ship of the extended Prima Plus Сlass

2024 April 23

18:02 SFL acquires two LNG dual-fuel chemical carriers in combination with long term employment
17:31 Pioneering Spirit completes its first pipeline pull-ins in Kalsto, Norway
17:04 Valenciaport admits the four bids for the construction of the North Terminal
16:54 Vancouver welcomes its first resident battery electric tugs
16:24 Shanghai Port and Lianyungang Port strengthen partnership
15:44 WinGD to debut short-stroke engine design after successful shop test
15:24 Overseas Shipholding Group awarded federal grant to design marine transport for liquified CO2 captured by Florida’s largest emitters
14:53 H2Carrier to establish Norway's first integrated PtX and wind power project
14:23 IBIA and BIMCO sign collaboration deal
13:52 Container ship Xin Xin Shan arrested in Singapore
13:22 MOL to merge its subsidiaries in the Philippines
12:53 Haiti fuel terminal operations halted as gangs seize trucks
12:30 HHLA acquires interest in Austrian intermodal service provider Roland
11:42 South Korean yards built 500 LNG carriers for export in 30 years
11:19 Wartsila to provide a range of solutions for the six PCTCs being built for Sallaum Lines
10:36 Thecla Bodewes Shipyards successfully launches 'Vertom Anette’ for Vertom Group
10:12 Carras Aquataurus becomes world’s first vessel to earn ABS Biofuel-1 notation

2024 April 22

18:10 Cosco Shipping and Shenzhen port partner for automobile exports
17:42 SBM Offshore signs a US$250 million short-term corporate facility
17:06 MSC Group, MSC Foundation and Mercy Ships to build a hospital ship
16:45 Port of Valencia container volumes up to 459,749 TEUs in March 2024
16:13 TotalEnergies launches the Marsa LNG project and deploys its multi-energy strategy in the Sultanate of Oman
15:24 ABS and DOE sign MOU to collaborate on clean energy development and maritime decarbonization research
14:51 MOL becomes first Japanese operator to commercially install onboard CO2 capture system
14:24 Wartsila receives contracts to supply cargo handling and fuel gas supply systems for three new VLECs
13:54 Yang Ming revamp Far East-East Coast of South America Service
13:24 Cunard officially welcomes new ship Queen Anne with ceremony at Fincantieri shipyard
12:01 Value Maritime and MOL sign contract to supply an Exhaust Gas Cleaning System for an LR1 Product Tanker
11:43 Diamond Line enhances its NET2 service
11:24 Kotug International selected EST-Floattech for the containerized battery system for world’s first fully electric pusherboat
10:51 Torqeedo to integrate ocean plastics into its pioneering products

2024 April 21

15:07 Steerprop selected to supply main propulsion and tunnel thrusters for CCG's multi-purpose vessels program
13:51 First of its kind TRAktor V3900-DF launched at Uzmar Shipyard