NKK Signs Agreement With Baker Marine Corp.

NKK (Nippon Kokan) has concluded a license agreement for a jackup-type drilling rig made by Baker Marine Corp. (BMC), a leading U.S. rig builder.

Masayoshi Akizawa, NKK New York general manager, said under the terms of the contract, NKK will manufacture and market the BMC jackup-type rigs on an exclusive basis in Japan, and will have nonexclusive rights in other countries of Asia except Malaysia, Indonesia, the Philippines, and Singapore.

NKK previously had a technical tie up with ETA, a leading U.S. rig designer, which developed the ETA-type rig design.

Last year, the assets of ETA were purchased by BMC and assigned to its wholly owned subsidiary, Baker Marine Engineers, Inc., located in Houston, Texas.

The new agreement permits NKK to manufacture and sell two series of jackup-type rigs— BMC jackup drilling rigs using BME e l e c t r i c - d r i v e n jacks, or BMC electrohydraulic jacks.

NKK, second largest steelmaker in Japan as well as a leading contractor in the heavy industry sector and also a shipbuilder, engages in offshore development projects such as submarine pipelines, drilling platforms and storage tanks.

Maritime Reporter Magazine, page 20,  Sep 15, 1978 Philadelphia District

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First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.