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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.


NASSCO Opens Bremerton Repair Facility

Dave Carver, Annetta Knight , Mayor Patty Lent, Jeff Brooks, Congressman Derek Kilmer, Kevin Terry, Robert Gelder, John Powers

General Dynamics NASSCO celebrated the grand opening of its new location in Bremerton, Wash., yesterday. The facility will support the company’s recently-awarded contract to repair and maintain U.S. Navy aircraft carriers home-ported in and visiting Bremerton and Everett, Wash.


Transpacific Container Shippers Plan Price Rise

File photo: containership at dock.

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.6 percent from the current level. The Transpacific Stabilization Agreement (TSA) said the planned


NASSCO Cuts Steel on APT "ECO Tanker"

Kevin Graney, vice president and general manager of General Dynamics NASSCO. (Photo: Greg Trauthwein)

General Dynamics NASSCO started construction of another ship in its commercial shipbuilding backlog, starting construction of a second “ECO” tanker to be built for American Petroleum Tankers at a steel cutting ceremony in its San Diego shipyard. U.S. Rep


Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger than the previous five years following a slowdown in 2009 through to 2012 as a result of the global recession.  


Sovcomflot Concludes $319 mi 10-year Loan

The fund will be used to finance  2 ice-class LNG carriers

  OAO Sovcomflot (SCF Group) signed a new USD 319 million 10 year credit facility with a consortium of leading European banks with ING acting as Agent.  The funds will be used towards financing two new ice-class LNG carriers SCF Melampus and SCF Mitre


Maersk, Hamburg Sud Lead Reliability Rankings

Aggregate Schedule Reliability of Top 20 Container Carriers, Source: Drewry’s Carrier Performance Insight

Maersk Line and Hamburg Sud are ranked as the two most reliable container shipping carriers, according to performance rankings published in the new online version of the Carrier Performance Insight (http://cpi.drewry.co.uk) published by shipping consultancy Drewry.


Six Japanese Bulkers Fitted with BWMS

Joe Thomas, Ballast Water Treatment Director, Wärtsilä, and Katsushige Nakato, General Manager, Harison Sangyo Co., Ltd. (Photo: Wärtsilä)

Wärtsilä ballast water management systems will enable Japanese bulk carriers to achieve compliance with environmental regulations   Six new bulk carriers being built at the Namura and Onomichi shipyards in Japan are to be fitted with 12 Wärtsilä Aquarius UV ballast water


Crewman Overboard Near Texas

Authorities searching for an overboard sailor 10 miles off Sabine Pass, Texas   The U.S. Coast Guard (USCG) and the crew of a nearby ship are searching for a crewman who fell overboard while painting the side of a bulk carrier at anchor about 10 miles off Sabine Pass, Texas, Saturday.


BAE Systems to Upgrade UK Navy Torpedoes

Photo: BAE Systems

BAE Systems has been awarded a £270 million contract from the U.K.’s Ministry of Defense (MOD) to upgrade the Spearfish Heavyweight Torpedo for the Royal Navy’s submarines. Following the completion of the design phase, existing torpedoes will be upgraded by BAE Systems at its


Sovcomflot Names New LNG Carrier

SCF Melampus (Photo: Sovcomflot)

Russia’s largest shipping company is continuing to develop its potential in the LNG transportation segment by entering into a new long-term agreement with Royal Dutch Shell.   On December 16, a naming ceremony was held for the LNG carrier SCF Melampus


USCG Addresses Future of Marine Fuels

The future of marine fuels from the Liquefied Gas Carrier National Center of Expertise   The Pacific Merchant Shipping Association hosted The Future of Marine Fuels: Emission Control Area and Liquefied Natural Gas Conference in San Pedro, California on December 4, 2014. Representing the U.S


BigRoll Orders Two MC Class Vessels

BigRoll Shipping announced that COSCO Dalian Shipyard Co. Ltd has been contracted to build two more MC Class Module Carriers, bringing the total number of vessels under construction to four. The first two vessels BigRoll Barentsz and BigRoll Bering were ordered in 2013 and are scheduled for


Scorpio Bulkers Modifies and Sells Shipbuilding Contracts

Scorpio Bulkers Inc. announces agreements to modify and sell existing shipbuilding contracts for six capesize vessels    Scorpio Bulkers Inc. has reached agreements with shipyards in South Korea and Romania to modify six newbuilding contracts for Capesize bulk carriers into newbuilding


NASSCO Opens New Facility for Naval Repair

General Dynamics NASSCO opened a new location yesterday in Bremerton, Wash. to support the company’s recently-awarded contract to repair and maintain U.S. Navy aircraft carriers home-ported in and visiting Bremerton and Everett, Wash.  


Transpacific Box Shippers Plan Freight Rate Rise

Photo: Maersk Line

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.6 percent from the current level.   The Transpacific Stabilization Agreement (TSA) said the planned






 
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