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Bulk Carrier Ship

COSCO China Shipyards Diminish Group Q1 2013 Profits

The Group achieved $9.7 million net profit on turnover of $733.0 million in Q1 2013, but shipyard & drybulk operations contributions down. In Q1 2013, turnover from shipyard operations decreased by 25.5% to $719.2 million from $965.9 million in Q1 2012, owing to lower revenue contribution from the ship repair and ship building segment. The Group delivered 7 bulk carriers in Q1 2013. Of these, COSCO Zhousan and COSCO Guangdong shipyard delivered 2 bulk carriers each while COSCO Dalian shipyard delivered 3 bulk carriers. Turnover from dry bulk shipping and other businesses increased 7.8% from $12.8 million in Q1 2012 to $13.8 million in Q1 2013. Outlook As the Group continues construction in 2013 on new ship building contracts that were secured in 2010 to 2012 at low contract values due to the slumping bulk carrier shipping market then, the Group expects operating margins on these new shipbuilding projects to continue to be under great pressure notwithstanding improving gains in efficiency and productivity. In offshore marine engineering operations, the Group aims to enhance its offerings. It is currently one of the largest marine engineering groups in the People’s Republic of China. Offshore marine projects in its order book as at 31 March 2013 include 1 deep-water drillship, 1 FPSO, 1 semi-submersible accommodation rig, 1 semi-submersible accommodation vessel, 1 jack-up barge, 1 semi submersible, 1 wind turbine installation vessels, 2 pipelay vessels


Bulk Carrier into Unithai for Fix

The largest ship currently under repair at Thailand’s Unithai Shipyard is the 140,532 dwt bulk carrier Eurydice D, owned by Marmaras. Other ships in the yard include the 35,224 dwt bulk carrier Maris, owned by Trust Shipping Enterprise, Piraeus, the 22,857 dwt part containership Med Lerici, owned by B Navi, World CI’s 3,043 dwt lpg vessel Gas Eurasia, the 22,531 dwt general cargo vessel Everise Glory, owned by Everise Maritime, Kuala Lumpur, and Baba Kaiun’s 10


Dunkerque-max M/V Cape Garland Delivered

20090130_ph01.jpg

Mitsui Engineering & Shipbuilding Co., Ltd. completed and delivered the 177,000 dwt type bulk carrier MV Cape Garland (Hull No. 1693) at its Chiba Works on January 30, 2009. This ship is the newly designed Cape-size Bulk Carrier of Dunkerque-max Type. It has a double-side skin to cargo holds construction. A Dunkerque-max type is a common name for Cape-size Bulk Carriers built to the restriction of the port of Dunkirque, France


Diana Shipping Time Charter Contracts

Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, announced that it has entered into a time charter contract with Louis Dreyfus Commodities Suisse S.A., for one of its Panamax dry bulk carriers, the m/v Nirefs, at a gross charter rate of $21,000 per day for a period of about 23 to about 25 months. The charter is expected to commence in the middle of February 2010.


Bureau Veritas Issues First EEDI Certificate

Sinopacific's Crown63 class Bulk Carrier, JS Amazon, gains BV's first EEDI rating   Leading international classification society Bureau Veritas has issued its first EEDI (Energy Efficiency Design Index) certificate to the ultramax geared bulk carrier JS Amazon, the lead ship in a new generation of ‘CROWN63’ vessels developed by China’s  Sinopacific Shipbuilding Group with bulk carrier expert Setaf-Saget.  


China's Taizhou Sanfu Yard Launches Bulker

Photo credit: Taizhou Sanfu

Taizhou Sanfu Ship Engineering Co. launch a 92,500 dwt bulk carrier for Indian owners   The builders say that this was the first PSPC compliant vessel ever built in their yard (referring to IMO's 'Performance Standard for Protective Coatings) which applies to dedicated seawater ballast tanks in all types of ships and double-side skin spaces of bulk carriers.   The vessel is 230.0 m LOA, with a molded breadth of 38.0m, and a design draft of 12.50 m. Speed is 14.90 knots


Diana Shipping Inc. Takes Delivery of New Vessel

Diana Shipping Inc. a global shipping transportation company specializing in dry bulk cargoes, today announced that it has taken delivery of the Bolina, a 73,583 dwt Panamax dry bulk carrier built in 2004, to be renamed Thetis. The vessel is chartered to Bunge S.A., Geneva, Switzerland for a period of about 36-38 months, at the charterer's option, at a rate of $25,000 per day, gross of commissions, that commenced on August 4, 2004. Diana Shipping Inc. has


GL Offers New Bulk Carrier Database

Shipping companies and owners of bulk carriers can now use a new database developed by Germanischer Lloyd to obtain comprehensive information about all requirements relating to the structural and equipment aspects in relation to the cargoes to be conveyed in each case. The new cargo compliance tool "PROTOS" (Provisions for Transportation of Solid Bulk Cargoes) was presented at the first Bulker Forum, which was attended by over 40 shipowners and business partners.


China COSCO Shipyards Deliver Two More Bulk Carriers

COSCO (Guangdong) and COSCO (Dalian) Shipyards have each recently delivered bulk carriers to European owners. COSCO (Guangdong) Shipyard Co., Ltd has delivered a bulk carrier of 35000 dwt, “CHIOS LUCK”, to its European buyer. The bulk carrier measures 179.99 meters in LOA, 30 meters in breadth and 14.7 meters in depth. COSCO (Dalian) Shipyard Co., Ltd has delivered a bulk carrier of 92500 dwt, “OCEAN TOPAZ”, to its European buyer. The bulk carrier measures 229


Bulk Carriers, Oil Tankships: GBS Verification Underway

Ship surveyor: Photo courtesy of LR

The International Maritime Organisation says that its audit teams will shortly be established to verify construction rules for bulk carriers and oil tankers of classification societies which act as recognized organizations (ROs), following the receipt of requests for verification by the 31 December 2013 deadline. Background A new SOLAS regulation II-1/3-10 on Goal-based ship construction standards (GBS) for bulk carriers and oil tankers was adopted by IMO’s Maritime Safety Committee


Ferus Smit Launches Newbuild Bulker

Photo: Simon Marrink

Shipbuilder Ferus Smit has launched newbuild bulk carrier vessel Arklow Breeze on Friday, March 20 at Westerbroek.   Arklow Breeze is the sixth and final vessel of a series to be delivered to a client from the city of Arklow, Ireland. The design is a bulk oriented general cargo ship that


Ships Queues Creep into Lagos ports

Lagos Port Complex (port of Lagos) by Nigerian Ports Authority

 19 ships laden with petrol and other commodities are discharging at the Lagos ports, says Nigerian Ports Authority (NPA) in its daily publication `Shipping Position’.   Three of the ships were laden with petrol, while the others had diesel, steel products, containers, bulk salt


Ecochlor Presents BWTS Case Study at CMA

Credt: Ecochlor

Ballast water treatment technology developer Ecochlor Inc. presented a project case study yesterday at CMA Shipping 2015 in Stamford, Conn. The case study covered the retrofit of Ecochlor’s ballast water treatment system (BWTS) aboard the 2007-built ro/ro car carrier vessel M/V Green Bay


China Cosco's Profit Up 54%

Pic: COSCO Container Lines Company Limited

 The Shanghai-and-Hong Kong-listed flagship unit of China Ocean Shipping Group, China Cosco Holdings Co Ltd says that its 2014 net profit went up 54 percent y/y at 362.5 million Yuan ($58.37 million), on government subsidies for scrapping old tonnage.  


Collision Closes Houston Ship Channel

Photo: Houston Ship Channel

 Two ships have collided in the Houston Ship Channel, according to Houston Marine Safety officials.    A portion of the busy Houston Ship Channel was shut Monday after the collision of two 600-foot ships in fog, causing a leak of flammable liquid.  


TNKC Installs Security Doors on All Bulkers

Photo courtesy of TNKC

Intelligent Engineering (IE) has supplied TNKC (UK) Ltd with SPS Citadel Access Protection doors for all nine of the bulk carriers in their fleet, with the last set being delivered in late February 2015.  The bulk carriers which operate in high risk areas are now fitted with this innovative


Deltamarin Announces First B.Delta43 Delivery, New Order

The first B.Delta43 vessel, M/V Venture Goal, was delivered to the Hamburg Bulk Carriers GmbH (HBC) in January 2015. The Deltamarin design has also attracted yet another customer, as Phoenix Shipping & Trading ordered four B.Delta43 handysize bulk carriers at Qingshan Shipyard.  


Houston Ship Channel Remains Partially Shut

Marine traffic in the Houston Ship Channel will remain partially halted until salvage ships retrieve an anchor that broke off a bulk carrier that collided with a tanker on Monday, the U.S. Coast Guard said on Tuesday.   The bulk ship hauling steel and the tanker that was carrying 216


Houston Ship Channel Fully Reopened

(U.S. Coast Guard photo by Dustin R. Williams)

The Houston Ship Channel has been fully reopened today following Monday’s ship collision and subsequent salvage operations.   The Houston Ship Channel was reopened Thursday morning after responders completed initial salvage plans on damaged chemical tanker Carla Maersk and moved the


Baltic Dry Index Weak, Shipping in Troubled Waters

Image: The International Chamber of Shipping (ICS)

 Baltic Dry Index (BDI), which tracks the cost of shipping iron ore, coal, grain and other materials, is continuing to remain weak as Chinese imports of commodities especially iron ore and coal has gone down portraying dark futures for seaborne trade.  


Southeast Asian Shipbuilders Turn Bullish

Picture by Korea Offshore & Shipbuilding Association (KOSHIPA)

  Despite the issues surrounding over-tonnaging in the ship-building industry as a result of the 2008 financial crisis, more than 587 vessels are expected to be built in Southeast Asia in 2015.    According to a report by Robert Willmington of IHS Maritime


MES Delivers Bulk Carrier to Lepta Shipping

Image: MES

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. Alam Makmur (MES Hull No. 1866) at its Chiba Works on March 16, 2015 to Lepta Shipping Co., Ltd., Liberia.   This is the eighth ship of MES’ neo56BC


Knightsbridge Completes Vessel Acquisition

Knightsbridge Shipping Limited announce that the second and final stage of its vessel acquisition transaction with Frontline 2012 Ltd. has closed.   The company has issued 31 million shares to Frontline 2012 Ltd. in exchange for 12 Cape size bulk carrier newbuildings.  


Capesize Bulk Ship Delivered to Seanergy

Seanergy Maritime Holdings Corp., a shipping company specializing in the ownership and operation of dry bulk vessels, announced the delivery of the 171,199 dwt Capesize dry bulk vessel M/V Leadership. The vessel was acquired from an unaffiliated third party and was built by Imabari-Koyo


Baltic Index up With Rising Capesize and Smaller Vessel Rates

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued to rise on Monday, supported by positive capesize and smaller vessel rates.   The index, which factors in the average daily earnings of capesize, panamax






 
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