Advanced Holdings, the global supplier of proprietary process equipment and technologies, clean energy solutions and environmental technologies, today announced that it has clinched new oil & gas contracts worth $12.1 million. All these projects are expected to be completed and delivered in 2011. The projects include design and fabrication of shell and tube heat exchangers in Vietnam as well as fabrication of marine risers to be used by offshore oil rig companies.
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Mainboard-listed Darco Water Technologies, the provider of integrated engineering and knowledge-based water treatment solutions, has secured multiple contracts with a combined valued of $11 million in two months.
Advanced Holdings, the global supplier of proprietary process equipment and technologies, clean energy solutions and environmental technologies, says it has successfully clinched new oil & gas contracts for the supply of process analyser packages worth $11 million in China and the Middle East.
In China, the process analyser packages will be supplied to subsidiaries of US-based multinational energy giant Chevron Corporation, Sinopec and Petrochina.
In the Middle East, the supply is for Saudi Aramco Total Refining and Petrochemical Company, a joint venture between two world oil majors, Saudi Aramco and Total. All these projects are expected to complete in 2011.
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STX Pan Ocean Co. says it has entered into a Consecutive Voyage Contract (CVC) with Posco, the Korean steel maker, to ship coking coal and iron ore worth US$420 million ($561 million).
The transportation of the coking coal and iron ore will take place mainly from Australia to South Korea. The duration of the contract is for 20 years from May 1, 2011 to May 31, 2031.
STX Pan Ocean Co. says the main objective for entering into the CVC is to secure a stabilised source of profit.
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Mainboard-listed Karin Technology Holdings, one of the leading IT and components solutions and services provider in Hong Kong and China, says wholly-owned subsidiary, Compucon Computers, has been appointed by Imation Corporation to distribute Imation’s DVR products in Hong Kong and Macau from August 2010. Imation is a leading global technology vendor of data storage and security products, electronics and accessories to customers in more than 100 countries.
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Tiong Seng Holdings says Samsung-Tiong Seng JV, a 55:45 joint venture between its wholly-owned subsidiary, Tiong Seng Contractors, and Samsung C&T Corporation, has been awarded a $270 million contract by Singapore HealthPartners for the development of hospital, hotel and medical clinics at Race Course Road.
Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, says the group has been awarded its sixth contract valued at $35.9 million for the Marina Coastal Expressway (MCE). With this contract win, the group has secured contracts worth a total of $363 million for the MCE.
CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited, has been awarded a contract to manage a serviced residence in Danang, the fourth largest city in Vietnam, by Korea Investment & Development Co. The latter is an established real-estate consortium that specialises in commercial and residential developments across major cities in Vietnam.
Keppel Offshore & Marine Ltd’s (Keppel O&M) specialised shipbuilding arm, Keppel Singmarine, has clinched three newbuilding contracts totaling about $140 million.
The first contract was awarded to Keppel Singmarine by Dutch dredging and marine contractor, Royal Boskalis Westminster N.V. for the construction of a 159-metre long rock dumping fall pipe vessel to be completed in late 2011.
Rock dumping fall pipe vessels are capable of depositing large amounts of rocks in deep waters with great precision to protect and stabilise cables and oil and gas pipelines on the seabed.
US group Kraft Foods on Tuesday clinched a takeover deal for British confectioner Cadbury, after winning support from shareholders representing 72 per cent of the maker of Dairy Milk chocolate. The news came after Cadbury’s board agreed last month to Kraft’s improved cash-and-shares bid
Ezra Holdings, the support and marine services provider in the offshore oil & gas (O&G) sector, says it Deepwater Subsea division’s has clinched its first inspection, maintenance and repair contract worth US$12 million ($16.6 million).
Under the contract, Ezra will provide inspection, maintenance and repair services to support subsea work on an existing production field of a national oil company in the region.
Ezra says the long-term charter will start immediately.
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Keppel Offshore & Marine, through its subsidiaries Keppel Shipyard and Keppel FELS, says it has secured contracts worth $160 million for a Floating Production Storage and Offloading (FPSO) vessel conversion, a Derrick Lay Barge completion and the life extension of a semisubmersible rig.
The first contract was secured by Keppel Shipyard for the conversion of an FPSO from Emas Offshore Construction and Production (EOCP), a subsidiary of EOC.
CH Offshore says the company has entered into the following charters with third parties:
The total gross contract value for the charters is US$25.6 million ($35.4 million).
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Yongnam Holdings, the structural steel contractor and specialist engineering solutions provider, says it has been awarded its fourth contract, valued at $21.5 million, for the Marina Coastal Expressway (MCE). With this latest contract win, the group says it has so far secured contracts worth a total of $283 million for the expressway project.
Yongnam will support main contractor Samsung C&T Corporation through the installation and removal of temporary steel strutting and walling works for the wide and deep tunnel excavation. The contract is targeted for completion by September 2012.
