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HOWALDTSWERKE-DEUTSCHE WERFT

Six New Subs for Turkey

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    On July 2, 2009, a contract was signed in Ankara by Howaldtswerke-Deutsche Werft GmbH (HDW), a company of ThyssenKrupp Marine Systems AG (TKMS), and MarineForce International LLP (MFI) for the construction of six submarines within the Turkish “New Type Submarine” program. The contract comprises the delivery of six material packages for the construction of submarines based on Class 214. The contract was concluded between the HDW/MFI Consortium and the Turkish defense procurement authority. This makes Turkey the fourth country after Greece, South Korea and Portugal to equip its navy with this submarine type and raises the total number of units of this class ordered to date to 21. Two of these boats are already fully operational with the South Korean Navy.


Three Vie To Buy Shipyard

Greece received three bids for the sale of a majority stake in Hellenic (Skaramanga) Shipyards, one of 10 privatizations the development ministry has planned for 2001. "We have three bids, but one bid has no letter of guarantee. It's important that we have two bids that are good. They are what we were expecting," Deputy Development Minister Alekos Kalafatis said. Germany's biggest shipyard Howaldtswerke-Deutsche Werft AG (HDW)-Ferrostaal AG and Greece's Neorion Shipyards subsidiary Elefsina


Industry Pays Tribute to Innovation Awards Winners

Winners of the Lloyd’s List-SMM 2002 Awards for innovation in shipbuilding and marine technology were announced in the Hamburg Congress Centre last night (September 24) at a gala ceremony which brought day one of the world’s biggest maritime fair to a glittering conclusion. Several hundred leading industry figures gathered for the final stage of an initiative launched in March by Lloyd’s List and SMM organisers Hamburg Messe to recognise the technical advances which enable maritime


Nine Companies Bid for Hellenic Shipyards

Nine companies expressed interest in the privatization of Hellenic Shipyards at Skaramanga, part of the country's privatization agenda for 2001, the development ministry reported. The government's advisers on the project will shortlist bidders in the next 15 days and then ask for binding bids for the shipyard, whose major shareholders are ETBA Bank and workers. The ministry expects the project to be concluded by June.


Trico Marine Rated As Strong Buy

Deutsche Banc Alex.Brown said on Thursday that it had started coverage of Trico Marine Services Inc., an energy services provider, with a strong buy rating and a $20-a-share price target. Trico shares closed at $16-1/16 on Wednesday. Deutsche Banc Alex Brown analysts said shares could rise from earnings leverage due to offshore oil rig use in the Gulf of Mexico and the North Sea, expanded deep-water markets of West Africa and Brazil, a projected earnings recovery


Paragon Moves on Containerships

Paragon Shipping Inc. has sold one of its newbuilding Kamsarmax contracts and has also entered into agreements to acquire two 3,400 TEU newly built containerships from their builder Howardtwerke-Deutsche Werft, GmbH, Germany at a price of $49m. The container vessels are scheduled to be delivered to Paragon between July and August, 2010. “We have taken advantage of favorable conditions in the sale and purchase markets to sell one of our Kamsarmax newbuilding contracts and also to acquire


SSP Pod Approved For Service

After more than two years of development and successful performance trials at Howaldswerke-Deutsche Werft AG in Kiel, the Siemens-Schottel Propulsor (SSP) consortium was granted approval for the new SSP marine propulsion system. Classification society Det Norske Veritas was responsible for technical acceptance of the propulsion system for worldwide service. The SSP is the result of a successful cooperation between two German marine industry stalwarts


Meyer Werft Offers 60 Apprenticeships

Meyer Werft will offer another 60 apprenticeships as of September this year, increasing the number of young people being trained at the shipyard in various professions to 277. This announcement was made by Bernard Meyer, managing partner of the shipyard, during the inauguration ceremony for the new Visitors' Center on the yard premises. Full order books keeping the shipyard occupied well into 2012 call for more skilled personnel


MS&D 2009 Hamburg

The latest surveillance, defence and security equipment is presented by the 60 exhibitors at MS&D 2009, the international conference and exhibition on Maritime Security & Defence (MS&D), to be held at the Hamburg Fair site from 30 September to 2 October 2009. The exhibits include sophisticated optical and acoustic sensors, which have substantially improved the automated monitoring and control technology of security and defence equipment and systems


Meyer Werft Delivers Disney Dream

(Photo courtesy of www.disneycruisenews.com)

Disney Cruise Line took possession of its newest ship – Disney Dream – from the Meyer Werft shipyard in a traditional maritime ceremony aboard the ship in Bremerhaven, Germany. The Meyer Werft flag was lowered, while the Disney Cruise Line flag was raised, transferring ownership from the shipbuilder to Disney. The milestone closes the book on the ship’s construction journey, which began nearly two years ago in Papenburg, Germany


Star Bulk Receives Post-Panamax Bulk Carrier

Photo: Star Bulk

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargos, announced that it has taken delivery of M/V Star Vega, a Post-Panamax bulk carrier of approximately 98,000 deadweight tons carrying capacity.


Latest on Proposed Scania Buyout

Scania engine detail: Image courtesy of the manufacturers

The Independent Committee of the Scania Board of Directors has begun its work to consider Volkswagen's buyout offer and confirms it has noted that Volkswagen does not foresee any significant changes with regards to Scania and that Scania’s headquarters and its development centers will remain


Star Bulk Takes Delivery of Star Sirius

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargos, has announced that it has taken delivery of M/V Star Sirius a Post - Panamax bulk carrier of approximately 98,000 deadweight tons carrying capacity.


Fassmer Orders Three WhisperPower Systems

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New WhisperPower systems have been ordered by the Fassmer yard in Northern Germany for there rescue vessels for the Deutsche Gesellschaft zur Rettung Schiffbrüchiger, DGzRS. The order concerns a contract for three keel-cooled M-SQ27 1500 rpm diesel generators with SYMAP generator


German Yard to Build Star Cruises Flagship

Image courtesy of Star Cruises

Meyer Werft has been contracted to construct a 150,000 gt cruise ship for Asian operators Star Cruises, although the order is still conditional on financial arrangements. This order will increase the previously threatened shipyard's order book from six to seven large cruise ships up to the year


Germany's Meyer Werft Float Out 'Norwegian Getaway'

Norwegian Getaway: Photo courtesy of Meyer Werft

The 146,600-gt cruise ship 'Norwegian Getaway', whose construction has taken just 12 months, has been floated out of Meyer Werft 's covered building dock II for fitting out after tests in the harbour. The new cruise ship's passage down the River Ems towards the North Sea is scheduled to be in the


Scorpio Bulkers IPO to Fund Multi-Newbuilding Orders

Photo courtesy of Scorpio Bulkers

The bulk ship owners announce its initial public offering of 15,500,000 common shares, granting the underwriters a 30-day option to purchase up to 2,325,000 additional common shares. Scorpio say that the net proceeds of this public offering are expected to be used to fund newbuilding vessel


ABB Reports $180 Million from Cruise Builders in 2013

ABB, the leading power and automation technology group, won orders worth $180 million in 2013 to deliver complete electrical power plants and propulsion systems for six new cruise liners that include its latest-generation Azipod XO units. The orders make 2013 the best-ever year for ABB in cruise


Scorpio Bulkers Raise Scope of IPO

Image courtesy of Scorpio Bulkers

Scorpio Bulkers Inc. say it has increased the size of its public offering from the initially announced 15,500,000 common shares to 31,300,000 common shares for gross proceeds of $305,175,000. The Company has granted the underwriters a 30-day option to purchase up to 4,695


UASC Places Huge Containership Order

United Arab Shipping Company (UASC) closed a $1.3 biillion (USD) multi-tranche syndicated loan facility for the partial financing of seven 14,000 TEU container ships and five 18,000 TEU container ships. The facility is part of a larger $1.7 billion debt financing related to UASC’s announced


OW Bunker Signs $700M Revolving Credit Facility

OW Bunker, a reseller and physical distributor of marine fuel, has signed a $700 million revolving credit facility, refinancing its current $450 million facility. The new facility consisting of two tranches, a 364-day and a three-year multicurrency revolving credit facility


Container Ship Owners, Costamare, Plan NY Bourse Stock Offering

Greek shipowners, Costamare Inc., says it plans to offer its Series C Preferred Stock and intends to use the net proceeds for general corporate purposes, including making vessel acquisitions or investments, details as follows: The offering is of Series C Cumulative Redeemable Perpetual


Meyer Werft Delivers Norwegian Getaway

Norwegian Getaway, photo courtesy Meyer Werft

During a ceremony in Bremerhaven, Norwegian Cruise Line took delivery of the 145,655 gross ton cruise ship Norwegian Getaway from Meyer Werft after a building period of only 15 months. The ship, the second of two Breakaway Class ships, is being delivered just nine months after the launch of


DryShips Re-state Amended US$1.9-Billion Credit Agreement

File picture

From HQ in Athens, Greece, DryShips Inc. announce that through its majority owned subsidiary Ocean Rig, and its wholly-owned subsidiaries, Drillships Financing Holding Inc. (“DFHI”), and Drillships Projects Inc., have entered into an Amendment and Restatement Agreement to the


ALMACO Wins Several Provision Stores Contracts

Photo: ALMACO

ALMACO has been awarded several Provision Stores contracts, including 2,000 square meters for Royal Caribbean International’s Quantum of the Seas to be delivered at Meyer Werft in 2015, and Anthem of the Seas expected in 2016. Also, ALMACO will be delivering 2


 
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