Oslo, Norway
Oslo, Norway

Kværner was a Norway-based engineering and construction services company that existed between 1853 and 2005. In 2004, it was amalgamated to the newly formed subsidiary of Aker ASA - Aker Kværner, which was later renamed to Aker Solutions on 3 April 2008.Kværner re-emerged on 6 May 2011, when the EPC part of Aker Solutions took the Kværner name. The new Kværner company was listed on Oslo Stock Exchange on July 8, 2011. Wikipedia.


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News Article | May 9, 2017
Site: globenewswire.com

Aker Solutions continued to deliver strong execution on major projects globally in the first quarter of 2017 and made good progress on improvement efforts that supported margins amid a sustained market slowdown. The company has completed more than two-thirds of a program to increase cost-efficiency across the business by at least 30 percent by the end of 2017. Its new, more streamlined organizational structure of five delivery centers became fully operational in the quarter. Good progress was made in integrating the Brazilian maintenance and modifications provider, C.S.E. Mecânica e Instrumentação Ltda., which Aker Solutions acquired in December to expand its services business in key markets. Building on this strategy, Aker Solutions in March also agreed to buy the Norwegian oil and gas assets of Reinertsen, Norway's third-largest offshore maintenance and modifications supplier. The transaction was completed in April. "We delivered yet another quarter with strong execution and improvement efforts that supported margins amid continued market challenges," said Luis Araujo, chief executive officer of Aker Solutions. "We also seized further opportunities to grow a world-class services business that will be well placed to take advantage of a market recovery." The company won NOK 4.6 billion in new orders in the quarter, including a front-end engineering and design (FEED) contract from Statoil for the second phase of the major Johan Sverdrup development and an order from Kvaerner to provide engineering for upgrading Statoil's Njord A platform in Norway. New orders also included a contract for the hook-up of the riser platform at the Johan Sverdrup field and a FEED order from VNG Norge for the North Sea Pil & Bue development. Aker Solutions continued to generate strong interest in its front-end engineering capabilities, winning 30 study awards for projects in Norway, the UK, the U.S., Australia and Malaysia. That is a continuation of the company's record number of 80 studies for all of 2016. "Our early-phase capabilities are playing a key role in bringing down costs and maximizing the overall value of field developments for our customers," said Araujo. "We're seeing an increasing tendency for our study and FEED work to be more closely tied to the potential next stages of a project - that is, the engineering, procurement and even construction and installation phases. This puts us in a stronger position to secure future work at these projects." The order backlog was NOK 30.7 billion at the end of the quarter, of which more than half was for projects outside Norway. Finances were solid, with a liquidity buffer of NOK 7 billion at the end of the period. Revenue decreased to NOK 5.2 billion in the quarter from NOK 6.5 billion a year earlier amid the global market slowdown and as some projects neared completion. Earnings before interest, taxes, depreciation and amortization were NOK 355 million in the quarter, compared with NOK 508 million a year earlier. The EBITDA margin was 6.9 percent versus 7.9 percent a year earlier. Excluding special items, the margin was 7 percent compared with 8 percent. Aker Solutions has two reporting segments: Projects and Services. Revenue in Projects declined to NOK 4.1 billion in the quarter from NOK 5.1 billion a year earlier amid generally lower market activity and on some projects nearing completion. The EBITDA margin contracted to 6.6 percent from 7.5 percent a year earlier. Revenue in Services fell to NOK 1.1 billion in the quarter from NOK 1.5 billion a year earlier, primarily driven by decreased activity for subsea services and a maturing production asset services portfolio. The EBITDA margin improved to 14.2 percent in the quarter from 10.2 percent a year earlier, helped by a favorable activity mix and strong operational performance. The outlook for oil services remains challenging as projects continue to be postponed amid a volatile oil-price environment. There are some signs of a recovery, particularly in the brownfield segment where oil companies are focusing on optimizing output from existing fields. Industry cost cuts are bringing down break-even costs on developments, which is expected to spur new investments and project sanctions this year. Increased demand for front-end engineering services is also an early indication of a pickup in activity ahead. Tendering activity is healthy and Aker Solutions is currently bidding for contracts totaling about NOK 50 billion. The majority of these are in the subsea area, where the company anticipates several greenfield projects to be awarded in the next 12 months. "While we continue to face market uncertainty, the signs of improving brownfield activity and expectations of key subsea projects moving forward bode well for 2018 activity levels," said Araujo. As previously indicated, the company continues to see overall revenue down by about 10-15 percent in 2017 from the prior year, with an anticipated modest pickup in activity in the field design segments of both Projects and Services that will be offset by weaker subsea volumes. Underlying EBITDA margins are seen slightly down from current levels due to a continued market slowdown and changing revenue mix. This will be partially offset by a continued strong momentum from the company's global improvement program. Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 14,000 people in about 20 countries. Go to http://akersolutions.com for more information on our business, people and values. This press release may include forward-looking information or statements and is subject to our disclaimer, see http://akersolutions.com This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


News Article | May 8, 2017
Site: globenewswire.com

This is a correction of the announcement from 06:58 08.05.2017 CEST. Reason for the correction: Financial appendix added as attachement to the release. 8 May 2017 - Kvaerner maintained steady performance and delivered a solid order intake in the first quarter of 2017. The company delivered an adjusted EBITDA of NOK 105 million, versus NOK 106 million in the same quarter last year.  In spite of the challenging market, the order intake in first quarter amounted to NOK 6.6 billion. With that, the order backlog has increased to NOK 10.8 billion. "We have a predictable performance in all segments of our business, we have strengthened our competitiveness and we have an order book which provides improved visibility. Kvaerner is well positioned to pursue further opportunities in the market we see ahead", says Kvaerner's President & CEO Jan Arve Haugan. Kvaerner's EBITDA margin increased in the first quarter this year, compared to the corresponding quarter last year. The revenues for the first quarter 2016 were NOK 2 228 and the adjusted EBITDA was NOK 106 million, resulting in an EBITDA margin of 4.8 percent. In the first quarter 2017, the revenues were NOK 1 554 million while the adjusted EBITDA was upheld at NOK 105 million, resulting in an increased EBITDA margin of 6.8 percent. The positive margin development is an effect of enhanced performance, reduced cost base and phasing of projects. In the first quarter, total revenues, including jointly controlled entities (Field Development segment), amounted to almost NOK 2.1 billion, with EBITDA of NOK 120 million. Since the oil price started a decline in 2014, the market for both new investment projects and for operation of existing facilities has been turbulent. Kvaerner sees signals that the decline may now start to level out. The company has identified a growth in the number of relevant prospects which oil companies expect to be sanctioned over the next years. Some few of these prospects may end up as projects of a large size, while the majority of the prospects represent projects of a moderate size. "Throughout this market shift, Kvaerner has continued its high activity level and delivered solid results. Our activity is now lower for a period, as an effect of a market with few contracts to bid for over the last two years. However, much of this effect is compensated by the fact that our current projects are in phases where a large degree of the value creation is delivered by Kvaerner's own internal resources", says Jan Arve Haugan. The first quarter presentation and financial appendix can be downloaded from www.kvaerner.com and the links below. For further information, please contact: About Kvaerner: Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore plants for upstream oil and gas production around the world. Kvaerner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor and preferred partner for oil and gas operators and other engineering and fabrication contractors. Kvaerner and its approximately 2 600 HSSE-focused and experienced employees are recognised for delivering some of the world's most amazing and demanding projects. In 2016, the Kvaerner group had consolidated annual revenues of close to NOK 8 billion and the company reported an order backlog at 31 March 2017 of NOK 10.8 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com. To subscribe or unsubscribe to our press releases, please see our web page: http://www.kvaerner.com/en/toolsmenu/Media/Subscribe-to-releases/ This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.


News Article | May 8, 2017
Site: globenewswire.com

8 May 2017 - Kvaerner maintained steady performance and delivered a solid order intake in the first quarter of 2017. The company delivered an adjusted EBITDA of NOK 105 million, versus NOK 106 million in the same quarter last year.  In spite of the challenging market, the order intake in first quarter amounted to NOK 6.6 billion. With that, the order backlog has increased to NOK 10.8 billion. "We have a predictable performance in all segments of our business, we have strengthened our competitiveness and we have an order book which provides improved visibility. Kvaerner is well positioned to pursue further opportunities in the market we see ahead", says Kvaerner's President & CEO Jan Arve Haugan. Kvaerner's EBITDA margin increased in the first quarter this year, compared to the corresponding quarter last year. The revenues for the first quarter 2016 were NOK 2 228 and the adjusted EBITDA was NOK 106 million, resulting in an EBITDA margin of 4.8 percent. In the first quarter 2017, the revenues were NOK 1 554 million while the adjusted EBITDA was upheld at NOK 105 million, resulting in an increased EBITDA margin of 6.8 percent. The positive margin development is an effect of enhanced performance, reduced cost base and phasing of projects. In the first quarter, total revenues, including jointly controlled entities (Field Development segment), amounted to almost NOK 2.1 billion, with EBITDA of NOK 120 million. Since the oil price started a decline in 2014, the market for both new investment projects and for operation of existing facilities has been turbulent. Kvaerner sees signals that the decline may now start to level out. The company has identified a growth in the number of relevant prospects which oil companies expect to be sanctioned over the next years. Some few of these prospects may end up as projects of a large size, while the majority of the prospects represent projects of a moderate size. "Throughout this market shift, Kvaerner has continued its high activity level and delivered solid results. Our activity is now lower for a period, as an effect of a market with few contracts to bid for over the last two years. However, much of this effect is compensated by the fact that our current projects are in phases where a large degree of the value creation is delivered by Kvaerner's own internal resources", says Jan Arve Haugan. The first quarter presentation and financial appendix can be downloaded from www.kvaerner.com and the links below. For further information, please contact: About Kvaerner: Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore plants for upstream oil and gas production around the world. Kvaerner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor and preferred partner for oil and gas operators and other engineering and fabrication contractors. Kvaerner and its approximately 2 600 HSSE-focused and experienced employees are recognised for delivering some of the world's most amazing and demanding projects. In 2016, the Kvaerner group had consolidated annual revenues of close to NOK 8 billion and the company reported an order backlog at 31 March 2017 of NOK 10.8 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com. To subscribe or unsubscribe to our press releases, please see our web page: http://www.kvaerner.com/en/toolsmenu/Media/Subscribe-to-releases/ This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.


News Article | May 8, 2017
Site: globenewswire.com

This is a correction of the announcement from 06:58 08.05.2017 CEST. Reason for the correction: Financial appendix added as attachement to the release. 8 May 2017 - Kvaerner maintained steady performance and delivered a solid order intake in the first quarter of 2017. The company delivered an adjusted EBITDA of NOK 105 million, versus NOK 106 million in the same quarter last year.  In spite of the challenging market, the order intake in first quarter amounted to NOK 6.6 billion. With that, the order backlog has increased to NOK 10.8 billion. "We have a predictable performance in all segments of our business, we have strengthened our competitiveness and we have an order book which provides improved visibility. Kvaerner is well positioned to pursue further opportunities in the market we see ahead", says Kvaerner's President & CEO Jan Arve Haugan. Kvaerner's EBITDA margin increased in the first quarter this year, compared to the corresponding quarter last year. The revenues for the first quarter 2016 were NOK 2 228 and the adjusted EBITDA was NOK 106 million, resulting in an EBITDA margin of 4.8 percent. In the first quarter 2017, the revenues were NOK 1 554 million while the adjusted EBITDA was upheld at NOK 105 million, resulting in an increased EBITDA margin of 6.8 percent. The positive margin development is an effect of enhanced performance, reduced cost base and phasing of projects. In the first quarter, total revenues, including jointly controlled entities (Field Development segment), amounted to almost NOK 2.1 billion, with EBITDA of NOK 120 million. Since the oil price started a decline in 2014, the market for both new investment projects and for operation of existing facilities has been turbulent. Kvaerner sees signals that the decline may now start to level out. The company has identified a growth in the number of relevant prospects which oil companies expect to be sanctioned over the next years. Some few of these prospects may end up as projects of a large size, while the majority of the prospects represent projects of a moderate size. "Throughout this market shift, Kvaerner has continued its high activity level and delivered solid results. Our activity is now lower for a period, as an effect of a market with few contracts to bid for over the last two years. However, much of this effect is compensated by the fact that our current projects are in phases where a large degree of the value creation is delivered by Kvaerner's own internal resources", says Jan Arve Haugan. The first quarter presentation and financial appendix can be downloaded from www.kvaerner.com and the links below. For further information, please contact: About Kvaerner: Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore plants for upstream oil and gas production around the world. Kvaerner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor and preferred partner for oil and gas operators and other engineering and fabrication contractors. Kvaerner and its approximately 2 600 HSSE-focused and experienced employees are recognised for delivering some of the world's most amazing and demanding projects. In 2016, the Kvaerner group had consolidated annual revenues of close to NOK 8 billion and the company reported an order backlog at 31 March 2017 of NOK 10.8 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com. To subscribe or unsubscribe to our press releases, please see our web page: http://www.kvaerner.com/en/toolsmenu/Media/Subscribe-to-releases/ This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.


News Article | May 8, 2017
Site: globenewswire.com

Dette er en korreksjon av meldingen fra 06:58 08.05.2017 CEST. Årsaken til korreksjonen er: Financial appendix lagt til 8. mai 2017 - Kværner opprettholdt den gode driften og hadde en solid ordreinngang i første kvartal 2017. Selskapet leverte en justert EBITDA på 105 millioner kroner, mot 106 millioner kroner i samme kvartal i fjor. Til tross for et utfordrende marked ble ordreinngangen 6,6 milliarder kroner i første kvartal.  Med dette har ordrereserven vokst til 10,8 milliarder kroner.    - Vi har forutsigbar drift i alle delene av virksomheten vår, vi har styrket konkurransekraften og vi har en ordrebok som gir økt forutsigbarhet. Kværner er godt posisjonert for å forfølge flere muligheter vi ser i markedet fremover, sier Jan Arve Haugan, konsernsjef i Kværner. Etter at oljeprisen begynte å synke i 2014, har markedet både for investeringer i nye prosjekter og drift av eksisterende anlegg vært turbulent. Kværner ser tegn til at nedgangen nå muligens begynner å flate ut. Selskapet har registrert vekst i antall relevante prosjekter som oljeselskapene forventer å sanksjonere i løpet av de neste årene. Noen få av disse prosjektene kan ende opp som store prosjekter, mens majoriteten representerer prospekter av moderat størrelse. - Gjennom denne omstillingen i markedet har Kværner fortsatt det høye aktivitetsnivået og levert solide resultater. Som en effekt av at det har vært få kontrakter å by på i markedet de siste to årene er aktiviteten vår nå redusert i en periode. Samtidig er dette betydelig kompensert ved at de pågående prosjektene er i faser hvor en stor del av verdiskapningen gjøres av Kværners egne interne ressurser, sier Jan Arve Haugan. Presentasjonen for første kvartal og det finansielle vedlegget kan lastes ned på www.kvaerner.com og via linkene under. To subscribe or unsubscribe to our press releases, please see our web page: http://www.kvaerner.com/en/toolsmenu/Media/Subscribe-to-releases/


News Article | May 8, 2017
Site: globenewswire.com

8. mai 2017 - Kværner opprettholdt den gode driften og hadde en solid ordreinngang i første kvartal 2017. Selskapet leverte en justert EBITDA på 105 millioner kroner, mot 106 millioner kroner i samme kvartal i fjor. Til tross for et utfordrende marked ble ordreinngangen 6,6 milliarder kroner i første kvartal.  Med dette har ordrereserven vokst til 10,8 milliarder kroner.    - Vi har forutsigbar drift i alle delene av virksomheten vår, vi har styrket konkurransekraften og vi har en ordrebok som gir økt forutsigbarhet. Kværner er godt posisjonert for å forfølge flere muligheter vi ser i markedet fremover, sier Jan Arve Haugan, konsernsjef i Kværner. Etter at oljeprisen begynte å synke i 2014, har markedet både for investeringer i nye prosjekter og drift av eksisterende anlegg vært turbulent. Kværner ser tegn til at nedgangen nå muligens begynner å flate ut. Selskapet har registrert vekst i antall relevante prosjekter som oljeselskapene forventer å sanksjonere i løpet av de neste årene. Noen få av disse prosjektene kan ende opp som store prosjekter, mens majoriteten representerer prospekter av moderat størrelse. - Gjennom denne omstillingen i markedet har Kværner fortsatt det høye aktivitetsnivået og levert solide resultater. Som en effekt av at det har vært få kontrakter å by på i markedet de siste to årene er aktiviteten vår nå redusert i en periode. Samtidig er dette betydelig kompensert ved at de pågående prosjektene er i faser hvor en stor del av verdiskapningen gjøres av Kværners egne interne ressurser, sier Jan Arve Haugan. Presentasjonen for første kvartal og det finansielle vedlegget kan lastes ned på www.kvaerner.com og via linkene under. To subscribe or unsubscribe to our press releases, please see our web page: http://www.kvaerner.com/en/toolsmenu/Media/Subscribe-to-releases/


PHILADELPHIA--(BUSINESS WIRE)--Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), and Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today marked an important milestone in the construction of the first of two new “Aloha Class” containerships to be delivered to Matson in the third quarter of 2018 and first quarter of 2019, respectively. Designed specifically for Hawaii service, they will be the largest containerships ever built in the U.S. During today’s ceremony in the dry dock where the first engine room section, weighing 420 metric tons, was lowered into place, senior executives of Philly Shipyard and Matson placed coins under the section as part of a long-held shipbuilding tradition to bring good fortune and safe travels. The ceremony was attended by Matson President Ron Forest, along with Matson Vice President, Vessel Operations and Engineering Jack Sullivan; Director, Marine Engineering and Special Projects Scott Hauck and New Construction Consultant Lee Lampland. “This first Aloha Class ship, named in honor of Hawaii’s former senior senator and longtime champion of U.S. maritime industry Daniel K. Inouye, will be the biggest containership ever built in the U.S. We are excited that this milestone in its construction means Matson will be able to put this new ship into service a little over a year from now,” said Forest. Attendees from Philly Shipyard were President and CEO Steinar Nerbovik, SVP Operations Jari Anttila, and Project Manager John Bond. “It’s an honor to return to our shipbuilding foundation and build two more containerships that will service the state of Hawaii and its citizens,” remarked Nerbovik. In 2001 we stood in this very same location for the dock mounting of Matson’s first vessel when we were a brand new shipyard. Sixteen years later, we are pouring the same pride into another quality build that will safely navigate the Hawaii-Pacific trade for decades to follow.” The 850-foot long, 3,600 TEU* Aloha Class vessels will be Matson’s largest ships. They will also be faster, designed to operate at speeds in excess of 23 knots, helping ensure timely delivery of goods in Hawaii. Though bigger, the ships are also designed to accommodate future needs by being able to navigate safely into some of Hawaii's smaller ports. The new vessels will incorporate a number of "green ship technology" features that will help protect the environment, including a more fuel efficient hull design, dual fuel engines that can be adapted to use liquefied natural gas (LNG), environmentally safe double hull fuel tanks and fresh water ballast systems. * Twenty-foot Equivalent Units, the standard unit of measurement for container capacity Founded in 1882, Matson is a leading U.S. carrier in the Pacific. Matson provides a vital lifeline to the economies of Hawaii, Alaska, Guam, Micronesia and select South Pacific islands, and operates a premium, expedited service from China to Southern California. The Company's fleet of 22 owned vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matson's transportation network throughout the continental U.S. Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, and less-than-container load freight consolidation and forwarding to Alaska. Additional information about Matson, Inc. is available at www.matson.com. Philly Shipyard is a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market. It possesses a state-of-the-art shipbuilding facility and has earned a reputation as the preferred provider of oceangoing merchant vessels with a track record of delivering quality ships. Philly Shipyard is listed on the Oslo Stock Exchange and is majority-owned by Aker Capital AS, which in turn is wholly-owned by Aker ASA. Aker is a Norwegian industrial investment company that creates value through active ownership. Aker's investment portfolio is concentrated on key Norwegian industries that are international in scope: oil and gas, fisheries and biotechnology, and marine assets. Aker's industrial holdings comprise ownership interests in Aker Solutions, Kvaerner, Aker BP, Aker BioMarine, Ocean Yield and Akastor. For more information on Philly Shipyard, visit www.phillyshipyard.com.


Grant
Agency: European Commission | Branch: H2020 | Program: RIA | Phase: NMP-19-2015 | Award Amount: 7.97M | Year: 2016

The main goal of the LORCENIS project is to develop long reinforced concrete for energy infrastructures with lifetime extended up to a 100% under extreme operating conditions. The concept is based on an optimal combination of novel technologies involving customized methodologies for cost-efficient operation. 4 scenarios of severe operating conditions are considered: 1. Concrete infrastructure in deep sea, arctic and subarctic zones: Offshore windmills, gravity based structures, bridge piles and harbours 2. Concrete and mortar under mechanical fatigue in offshore windmills and sea structures 3. Concrete structures in concentrated solar power plants exposed to high temperature thermal fatigue 4. Concrete cooling towers subjected to acid attack The goal will be realized through the development of multifunctional strategies integrated in concrete formulations and advanced stable bulk concretes from optimized binder technologies. A multi-scale show case will be realized towards service-life prediction of reinforced concretes in extreme environments to link several model approaches and launch innovation for new software tools. The durability of sustainable advanced reinforced concrete structures developed will be proven and validated within LORCENIS under severe operating conditions based on the TRL scale, starting from a proof of concept (TRL 3) to technology validation (TRL 5). LORCENIS is a well-balanced consortium of multidisciplinary experts from 9 universities and research institutes and 7 industries whose 2 are SMEs from 8 countries who will contribute to training by exchange of personnel and joint actions with other European projects and increase the competitiveness and sustainability of European industry by bringing innovative materials and new methods closer to the marked and permitting the establishment of energy infrastructures in areas with harsh climate and environmental conditions at acceptable costs.


Patent
Kvaerner | Date: 2014-07-08

A method and system for oil production in remote deep-water areas, especially in areas where weather or ice conditions may require closing and removal of surface facilities and equipment. Processing of the produced oil from subsea oil wells is partly performed subsea on a subsea oil and gas production unit (10) called Deepwater Production System (DPS), whereas the remaining processing takes part on a vessel (1) that may be disconnected from the DPS if the conditions make it necessary. The method and system take advantage of combining and integrating subsea processing with processing at atmospheric pressure onboard the vessel.


A riser tensioner system and a wellbay structure for a floating unit or platform for deep/ultra-deep water field development. The riser tensioner system includes a first cassette, a second cassette, a tension joint, one or more centralizers, and a plurality of cylinders. The one or more centralizers provide lateral support to the tension joint. Each of the plurality of cylinders comprises a first end, a second end, and an intermediate portion. The first end of each of the plurality of cylinders is secured to the first cassette, and an intermediate portion of each of the plurality of cylinders is secured to the second cassette. The wellbay structure includes a plurality of transverse girders and a plurality of longitudinal girders. The girders form a grid comprising a plurality of slots. Each of the plurality of slots is configured for receiving and supporting a first cassette of each a riser tensioner assembly.

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