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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


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


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


G E Shipping Contracts to Buy a Supramax Bulk Carrier

Great Eastern

  The Great Eastern Shipping Company Limited (G E Shipping) has signed a contract to buy a Supramax Bulk Carrier of about 52,454 dwt. The 2006 built vessel is expected to join the Company’s fleet in September-October 2014. The Company’s current fleet stands at 30 vessels, comprising 22 tankers (8 crude carriers, 12  product tankers, 2 LPG carriers) and 8 dry bulk carriers (1 Capesize, 3 Kamsarmax, 4 Supramax)  with an average age of 10 years aggregating 2


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


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.


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.


BASS Lands Reederei Hamburger Lloyd Contract

Photo: Hamburger Lloyd

Reederei Hamburger Lloyd GmbH & Co KG (RHL), signed a contract with BASS on December 31, 2014, for virtually the full suite of BASSnet software solutions for its fleet of 28 container ships and chemical tankers.    BASS said its shipping software solutions cover all major aspects


MOL’s Newbuilding Yahagi Maru Delivered

Shin Yahagi Maru

Mitsui O.S.K. Lines, Ltd. today announced the delivery of the coal carrier Shin Yahagi Maru, which will serve Chubu Electric Power Co., Inc. The vessel was delivered at Imari Shipyard and Works of Namura Shipbuilding Co., Ltd.  on January 22, 2015.


Naval Air Forces Holds Change of Command

The U.S. Navy Flight Demonstration Squadron, the Blue Angels, conduct a fly over during the Commander, Naval Air Forces change of command and retirement ceremony aboard the aircraft carrier USS John C. Stennis (CVN 74) at

  Commander, Naval Air Forces (CNAF) held a change of command ceremony aboard the aircraft carrier USS John C. Stennis (CVN 74) at Naval Air Station North Island Jan. 22. During the ceremony, Vice Adm. Mike Shoemaker relieved Vice Adm. David H. Buss as CNAF.


China Exim Bank, SWS Sign $312m Financing Deal

Picture Courtesy: Shanghai Waigaoqiao Shipbuilding

Shanghai Waigaoqiao Shipbuilding  (SWS), a  yard owned by the industrial conglomerate China State Shipbuilding Corp (CSSC), has secured a US$312million loan from the Export-Import Bank of China to build three 18,000 teu containerships. 


DSME Rolls Out World's Largest Containership

 Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which has claimed the title of the world’s biggest containership. After the christening ceremony the MSC Oscar departed for Busan. The vessel has a capacity of 19,224 containers


Great Ships of 2014: Harvest Frost

141029_ADM_BulkCarrier WEB.jpg

The first of three bulk carriers was delivered to Archer Daniels Midland Company (ADM), unique in that the ship features a host of innovative technologies, including the Mitsubishi Air Lubrication System (MALS), which reportedly helps the ship to achieve a 27% reduction in CO2 emissions as


Containers Profit Up Thanks to Low Slot Cost

Image courtesy: Maersk

In spite of record vessel deliveries the container shipping profitability is expected to improve in 2015, driven by lower unit costs. The global fleet is expected to grow 7.2% in 2015, a faster pace than demand which is forecast to expand at a more modest 5.3%.   


Pacific Basin Issues Profit Warning

Image courtesy: Pacific Basin Shipping

 Dry bulk shipowner Pacific Basin Shipping announced a total of US$132 million (HK$1 billion) impairment charges on chartered-in vessel contracts and bunker fuel swaps.   The Hong Kong-listed company informed the stock exchange that  it took US$101 million provisions mainly


Russia May Sue France Over Non-delivery of Warships

Source: DCNS

 Russia will take France to court within six months over its failure to deliver the first of two Mistral-class warships to the Russian navy, the Russian Defense Minister has said.  “There is a contract, so everything must be strictly complied with,” Sergei Shoigu said


Golar LNG Secures Charters for Carrier Duo

Golar Arctic

  Golar LNG announced today that it has been awarded 2 time charters by Nigeria LNG Ltd ("NLNG") to employ the recently delivered Golar Frost and Golar Crystal. Employment of both vessels under these contracts will commence in January 2015 and will continue for a duration of


GE Electric Propulsion Equipment for LNG Carriers

GE Power Conversion receives first order in Japan from Kawasaki Heavy for electric propulsion motor equipment for LNG vessels   GE’s Power Conversion business has received a new order from Kawasaki Heavy Industries, Ltd. for electric power and propulsion systems for two LNG carriers


Japan Shipyard Orders Continue Decline

(Pic Source: JSEA)

 In December 2014, orders of Japan yard fell 37% year on year, says Japan Ship Exporters’ Association (JSEA). Japanese shipyards specialize in building dry bulk carriers.  JSEA member yards secured 24 export orders totaling 1,215


“Jag Vidhi” Delivered to Buyers

Jag Vidhi

  The Great Eastern Shipping Company Ltd. (G E Shipping) delivered its 1990-built Very Large Gas Carrier “Jag Vidhi” (49,701 dwt) to the buyers on 21st January, 2015. The company had contracted to sell the ship in July 2014.


Wartsila Wins LNG Systems Contracts for Four Ships

The Wärtsilä reliquefaction plant will reliquefy 70% of the boil-off gas from the ships LNG cargo and return it to the cargo tanks, while the balance is fed by the gas handling system to the engines for propulsion purposes. (Image: courtesy Wartsila)

A series of four LNG carriers being built by the Hudong-Zhongua Shipbuilding yard in China will feature Wärtsilä LNG reliquefaction plants and gas handling systems.   The ships are owned by Bermuda based Teekay Corporation, China LNG Shipping (CLNG)


N-KOM Sees Increased Tanker Business

Photo: N-KOM

Nakilat-Keppel Offshore & Marine (N-KOM), which recently celebrated its fourth year in operation, has seen an increasing number of tankers dry docking at its facility in Qatar. With the introduction of de-mucking and de-slopping facilities






 
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