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Carrier Contract

Korean Firms Win Qatar LNG Carrier Contracts

The Samsung Heavy Industries Co., has won a $1.14b deal to build four liquefied natural gas (LNG) carriers. The deal from Qatar Gas Transport Co. Ltd. calls for Samsung Heavy to build the four carriers worth $286 million each by February 2010, the company said in a regulatory filing. Meanwhile, the Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest shipyard, said Monday it had received a $1.22 billion order to build five LNG carriers. The deal calls for Daewoo Shipbuilding to also supply four of the five carriers to Qatar Gas Transport Co. Ltd., and one to an unidentified European company. Source: Asia Pulse


Wärtsilä Wins UK Aircraft Carrier Contract

Wärtsilä will supply main diesel generating sets and their auxiliary and support systems for the Royal Navy's Future Aircraft Carriers. (Photo: Thales) Wärtsilä has been awarded the contract for approx EUR 30 million for the manufacture and supply of the main diesel generating sets and their auxiliary and support systems for the Royal Navy's Future Aircraft Carriers (CVF) by Thales Naval Division on behalf of the Aircraft Carrier Alliance


Huntington Risks Losing $194 Million on Carrier’s Overrun

Huntington Ingalls Industries Inc. stands to loss as much as $194.3 million, more than 40 percent of its potential fee, under the Navy’s latest estimate of overruns for the USS Gerald R. Ford aircraft carrier, according to Bloomberg. Construction of the Ford, the Navy’s most expensive warship, is likely to exceed by $884 million the shipbuilder’s target contract cost of about $5.2 billion for detailed design and construction


Wärtsilä Receives Repeat Order

Wärtsilä Corporation has received a repeat order for two more Sulzer RT-flex engines with electronically-controlled common-rail fuel injection. They will be installed in two 30,000 tdw multipurpose carriers contracted at Shanghai Shipyard in China by Chinese-Polish Joint Stock Shipping Co (Chipolbrok). Two similar engines were contracted in October 2001. The engines are seven-cylinder Sulzer RT-flex60C engines, each with a maximum continuous output of 16,520 kW (22,470 bhp) at 114 rev/min.


Delivery of Cargo to Carrier Creates Quasi-Contract

The U.S. Court of Appeals for the Sixth Circuit ruled that a quasi-contract is created when the shipper delivers cargo to the carrier for ocean transportation. In the instant case, the shipper contracted with (and paid) a freight forwarder for shipment of its cargoes from the United States to Syria. The bills of lading were not signed by the shipper. The shipper delivered the cargoes directly to the carrier’s vessels at the pier in Texas. The cargoes were transported and delivered in good order


India's Great Eastern Shipping Sells Two

A dry bulk carrier has been delivered to the buyers & the contract for sale of a product carrier tankship has also been signed. The Great EasternShipping Company Ltd. (G E Shipping) has delivered its 1995 built Panamax dry bulk carrier Jag Arnav (about 71,000 dwt) to undisclosed buyers. Earlier, the company contracted to sell Jag Pawar, a 1988-built general purpose product carrier of about 29,900 dwt, with delivery to the buyers in Q1 2014.


Navy Awards Design Contracts for UCLASS Carrier Development

Unmanned X-47B on flight deck: Photo credit USN

The Navy has awarded four Preliminary Design Review (PDR) contracts for the Unmanned Carrier Launched Airborne Surveillance and Strike (UCLASS) air vehicle segment.
 UCLASS will be the first deployed carrier-based unmanned air system. It will provide persistent, unmanned, semi-autonomous, carrier-based Intelligence, Surveillance, Reconnaissance and Targeting (ISR &T) with precision strike capability to support 24/7 carrier operational coverage.


Tankship Contract Cancelled by Bahri

Bahri subsidiary, National Chemical Carriers Ltd., cancels contract for chemical tanker (NCC Bader) due to the delay in terms of delivery. The National Shipping Company of Saudi Arabia (Bahri) announces that its 80% owned subsidiary company National Chemical Carriers Ltd. Co. has decided to cancel a shipbuilding contract for the chemical tanker (NCC Bader) due to the delay in delivery beyond the agreed date in the shipbuilding contract.


HII Awarded $56.5m CVN 79 Contract Modification

Huntington Ingalls Logo copy copy web.JPG

Huntington Ingalls Industries, Inc. (NYSE:HII) received a $56.5 million contract modification, under a previously awarded contract, for continuation of long lead time material procurement associated with construction of the nuclear-powered aircraft carrier John F. Kennedy (CVN 79). The company's Newport News Shipbuilding division is the prime contractor. "This award continues our efforts to plan and prepare for construction of John F


Hyundai Heavy Wins Orders Worth $1.1 Billion

177,000 cbm LNG Carrier Abdelkader.

Hyundai Heavy Industries, the world’s biggest shipbuilder, today announced the Company had won orders for 4 liquefied natural gas carriers and 1 LNG floating storage regasification unit worth USD 1.1 billion.   Hyundai Heavy won orders to build two 162,000 cbm LNG carriers for Golar LNG of Norway on February 10 and two same-class ships for an unnamed European shipowner on February 8. The contract with Golar LNG includes an option exercisable by the Norwegian company for two


Star Bulk to Acquire 34 Drybulk Vessels

Photo: Star Bulk

Star Bulk entered into a definitive agreement with Excel Maritime Carriers Ltd., and as a result, will acquire 34 drybulk vessels for an aggregate of 29.917 million shares of common stock of Star Bulk and $288.39 million in cash. Star Bulk Carriers Corp


Sperry Navigation Systems for 7 Bulk Carriers

Jeanne Usher, managing director, Sperry Marine business unit, Northrop Grumman.

Northrop Grumman Corporation has been awarded a contract by Peter Dohle Schiffahrts-KG to supply the Integrated Bridge Systems, including navigation, voyage data recorders and radio systems, to seven new bulk carrier ships. Northrop Grumman's Sperry Marine business unit will supply the


Carrier Exercises Tandem Unmanned & Manned Flights

Combined flight exercise: Photo USN

An un-manned X-47B has completed a series of tests, operating safely and seamlessly with manned aircraft from 'USS Theodore Roosevelt' informs the US Navy. Building on lessons learned from its first test period aboard TR in November 2013


GasLog Partners' First Option Vessels Acquisition for $328 mi

Image

  GasLog Partners LP and GasLog Ltd. announced today that they have entered into an agreement for the Partnership to purchase from GasLog, the sole member of the Partnership’s general partner and the Partnership’s majority unitholder


MOL Bulker is the First Built with Safer Hull

Bulk carrier of the type featuring the NSafe-Hull

Bulk carrier under MOL’s operation is world's first to adopt highly ductile steel plate to ensure superior collision safety Mitsui O.S.K. Lines, Ltd. (MOL) announced the world’s first use of highly ductile steel plate NSafe-Hull


COSCO Zhoushan to Build Two Panamax Bulkers

Bulk carrier anon: File photo

COSCO Corporation (Singapore) says that its subsidiary COSCO (Zhoushan) Shipyard has secured a contract valued over USD56 million from an Asian buyer to build two 64,000 dwt bulk carriers. The two vessels are scheduled for delivery in 4Q2016 and 1Q2017 respectively.


Kalmar Supplies 19 Straddle Carriers to TPT, Durban

straddle carriers

  Kalmar, part of Cargotec, has gained a breakthrough order to supply ten straddle carriers to Transnet Port Terminals (TPT) Durban Pier 2, a dedicated straddle carrier operation in South Africa currently handling a throughput of 2.4 million TEU.


General Atomics Wins Contract for US Aircraft Carrier

U.S. Naval Air Systems Command (NAVAIR) awarded General Atomics (GA) an initial sole-source contract for Electromagnetic Aircraft Launch System (EMALS) and Advanced Arresting Gear (AAG) for the CVN 79 aircraft carrier to be named John F. Kennedy.


Scottish Jobs Boosted by £348-M OPV Shipbuilding Contract

River-class PBs: Photo MOD

The offshore patrol vessels (OPVs), which will be used by the Royal Navy to undertake various tasks in support of UK interests both at home and abroad, will be built at BAE Systems’ shipyards in Glasgow, informs the UK Ministry of Defence.


USCG, Lake Carriers, Sign Mutual Training Agreement

Agreement handshake: Photo USCG

The U.S. Coast Guard 9th District informs it has jointly signed a Mutual Training Agreement, that further promotes cooperation and education opportunities between the Association’s seventeen member companies that operate cargo vessels on the Great Lakes and the Coast Guard as their


DRYSHIPS Financial & Operating Results for 2Q, 2014

  DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced its unaudited financial and operating results


Selling the World's Priciest Ship...

The Zarga.jpg

Online ship intelligence and information service VesselValue.com has launched a series highlighting the world's most expensive active vessels, and this week focuses on the costliest of all: QMAX liquefied natural gas (LNG) carrier Zarga, which prices in at a whopping $221.8 million.


Carrier Hull Section Arrives in Rosyth

A section of HMS Prince of Wales hull in transit to Rosyth (Photo courtesy of BAE Systems)

A huge section of HMS Prince of Wales has arrived in Rosyth as the dockyard prepares for final assembly of the second Queen Elizabeth Class aircraft carrier, shipbuilder BAE systems announced. The 8,000-metric-ton hull section, known as Lower Block 03


Recent Vessel Sales: July 2014

Vessel sales for June 2014 (as of July 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported – Vessel Name – DWT – Built (Age) – Price in Millions USD Bulk Carriers 7/28/14 - STHENO - 6,238 - 81(33) - $.4 7/28/14 - GAN SHUN - 6,844 - 99(15) - $1.1


COSCO Corporation (Singapore) announced 2Q 2014 results

COSCOs major shipyards

Singapore Exchange mainboard-listed COSCO Corporation (Singapore) Limited a leading ship repair & marine engineering and shipping group, today announced its 2nd quarter financial results for the 3 months ended 30 June 2014. Group turnover increased 28.8% to $1.1 billion in Q2 2014 from $890






 
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