Norway-based Scana Propulsion signed a contract today to deliver the propulsion system for an Anchor Handling Tug Supply Vessel (AHTS) being built by Vard Brattvåg for Bourbon Offshore Norway. The AHTS is of design type Vard 2-12, designed by Vard Design.
Vard 2-12 design AHTS
“We are proud to be selected by Vard and Bourbon Offshore Norway for supply of propulsion system to this sophisticated AHTS” says Hallvard Pettersen, Managing Director of Scana Volda. “The order intake for Scana Propulsion in 2014 has been promising, and reflects a positive signal of higher activity in the market.”
The equipment will be delivered by the end of 2014.
In addition to the above mentioned contract, Scana Propulsion also announced signed contracts for deliveries of tunnel thrusters and propulsion systems to a total of four container vessels at Remontowa Shipyard for the ship owner Royal Arctic Line, one delivery of gearbox to MAN Diesel and Turbo for fishing vessel at Karstensens Shipyard, and one propulsion system to Havyard Ship Technology for a live fish carrier.
The total value of the signed orders are approximately 53 MNOK (USD $8.8 million).
The firm building what will become the largest port in India plans to raise as much as 300 billion rupees ($3.5 billion) of debt, giving lenders an opportunity to invest in one of the cornerstones of Prime Minister Narendra Modi’s infrastructure overhaul.
China’s largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li Ka-shing’s global ports, according to people familiar with the matter, in an effort to ease Beijing’s concerns over the controversial deal.
While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are providing a good real-time gauge of the escalating risks.
June 18, 2025
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