Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

Dockwise newbuild books second voyage

October 14 - Just one day after it announced the filing of a waiver request on a single covenant with its lender syndicate, which seeks consent for a temporary relaxation of the leverage ratio (net debt over EBITDA) for the period March 2012 until Septemb

Directly following the transportation of the Jack & St. Malo platform to the Gulf of Mexico in 2013, Dockwise Vanguard will return to Korea to load and transport the Goliat floating, production, storage and offloading vessel [FPSO] to northern Norway.

The company claims that the investment decision for the construction of Dockwise Vanguard has facilitated technical optimisation of the production platform, whereby the change offers benefits to the Goliat project with respect to transit time and transportation flexibility. The financial result from this contract and the second contract confirms the earlier made financial prognosis for the vessel in its first year of operation. Aiming at further assignments for this period Dockwise continues to strive for enhanced revenues compared to its initial plan.

The Goliat FPSO will be operated by Eni for oil production of the Goliat field located offshore Northern Norway in sub-arctic conditions. The platform is designed as a fully integrated and enclosed winterised floating production platform (FPSO).

The company says that Dockwise Vanguard adds unique capacity and new flexibility to the Dockwise fleet which will be of particular value for clients with the most challenging assignments.

Dockwise says that the waiver mentioned above is part of a comprehensive package of measures to ensure that, under current market circumstances, it remains within its leverage ratio as agreed with the lender syndicate. A company statement adds: "The waiver request serves contingency planning purposes and would provide additional headroom in extraordinary market circumstances."

Heavy Lift | News

BNSFL moves transformer trio thumbnail image

BNSFL moves transformer trio

October 21 - BNSF Logistics (BNSFL) has transported three 208.8-tonne transformers from the port of Houston to North Liberty, Indiana. 
Views: 309
STS cranes arrive in Charleston thumbnail image

STS cranes arrive in Charleston

October 18 - Three ship-to-shore (STS) cranes have arrived at South Carolina Ports Authority’s (SPCA) Charleston Harbor on ZPMC’s heavy lift vessel Zhen Hua 28.
Views: 589
US Ex-Im Bank signs MoU with Iraq thumbnail image

US Ex-Im Bank signs MoU with Iraq

October 18 - The US Export-Import Bank (Ex-Im) has signed a memorandum of understanding (MoU) with Iraq’s Ministry of Finance aimed at enhancing trade and economic cooperation between the two countries.
Views: 915
Webster appointed at Barnhart thumbnail image

Webster appointed at Barnhart

October 15 - Barnhart Crane & Rigging has appointed David Webster as senior vice president – operations.
Views: 730

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.