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Delivery First

ABS Supports Developments Offshore Brazil

New discoveries of giant oil and gas field discoveries offshore Brazil have operators venturing into deeper water while committing expanded E&P budgets for developments in frontier regions. The Campos Basin remains the greatest focus of exploratory activity, with the Santos Basin to the south and Espirito Santo Basin to the north also seeing activity. Ship-shaped floating production, storage and off-loading (FPSO) vessels remain the preferred development option for these frontier prospects, with ABS the leading classification society of choice for FPSO conversions for offshore Brazil, says João Carlos Pacheco, ABS Brazil country manager. “As an ABS representative in South America for nearly 20 of ABS’ 50-year-plus history in the region, I continue to be impressed by how Petrobras and industry participating in offshore Brazil adapt to changing needs. Brazil is on the forefront of offshore technology, especially, deepwater technology. ABS is proud to be a part of this frontier development and technology advancement,” said Pacheco. By 2005, more than half of Brazil’s oil production will come from ultra-deep waters, requiring an incredible investment in infrastructure and involving untold risks, advises Pacheco. “That has not stopped Petrobras; nor does it inhibit the international oil and gas companies which come to Brazil to help develop its rich offshore fields,” he said.

USMI Celebrates a Double Delivery

On Friday April 14, United States Marine, Inc., (USMI), celebrated the delivery of two of their 36-ft. NSW RIBs to the United States Special Operations Command, USSOCOM, marking the 99th and 100th craft delivered by USMI to USSOCOM to date. This delivery marked a number of occasions, including USMI’s first scheduled deliveries since hurricanes Katrina and Rita. This celebration also marked the first deliveries of new craft from their new Gulfport, Miss., facility.

ABB Wins Contracts Worth $110M

ABB has been awarded contracts worth $110 million to supply electrical power systems for twelve vessels and five offshore drilling rigs. The ABB orders, all booked during January-March 2006, include the following: • Total electrical power system packages for two semi-submersible drilling rigs for subsidiaries of Jon Fredriksen controlled SeaDrill Ltd (Subsea Drilling (III) Ltd and Subsea Drilling (IV) Ltd). The rigs will be built at South Korea’s Daewoo Shipbuilding and Marine

Adriatic Marine Order Six More DP-2 OSV's

Photo: Adriatic Marine

Raceland, LA-based Adriatic Marine LLC inform they have contracted Master Boat Builders, Inc., of Mobile, Alabama, for the construction of six 220’-class DP-2 Offshore Supply Vessels (OSVs).  Construction is scheduled to begin in January 2014.  Delivery of the first vessel is scheduled for the first quarter of 2015, with deliveries of the five subsequent vessels following every four months thereafter.

Seaspan Accepts Containership Delivery

Seaspan Corporation announced that it accepted delivery of a 10,000 TEU containership, the Hanjin Buddha, which was constructed using Seaspan's fuel-efficient SAVER design. The new containership, which was constructed by Jiangsu New Yangzi Shipbuilding Co., Ltd., is Seaspan's first SAVER design vessel in the company's operating fleet. The Hanjin Buddha will commence a ten-year, fixed-rate time charter with Hanjin Shipping Co. Ltd

Global Ocean Trade: Latest Shipbuilding Orders

Ships bow: File photo

Orders for gas carriers placed with Korean and Japanese shipyards figure prominently amongst the latest newbuilding orders noted in the latest Clarkson Hellas S&P Weekly Bulletin. Dry bulk carriers Pan Ocean have placed an order for two firm 207,000 dwt Newcastlemaxes at New Times, with both vessels due to deliver within the second half of 2016. Also in China, Clarkson Hellas mentions that Conti Reederei have extended their order for 64

Moody's Downgrades Navigator Gas

Moody's Investors Service has downgraded the rating of Navigator Gas Transport's first priority ship mortgage notes due 2007 to Caa2 from Caa1, and the second priority notes due 2007 from Ca to C. The senior implied rating was reduced to Caa2 from the previous B3. The rating outlook is negative. The rating downgrade primarily reflects the reduction in earnings capacity of the ships due to the continued weak rate environment of the transport market for petrochemical gasses

TBS Acquires Two Ships

TBS International Limited entered into agreements to acquire two sister tweendeckers, the M.V. Wedellsborg and the M.V. Frijsenborg. TBS has agreed to acquire these vessels en bloc for $46m charter free and they are expected to be delivered to the Company in the first quarter of 2008. The M.V. Wedellsborg, to be renamed the M.V. Ottawa Princess, is a 1987 built tweendecker of 22,800 dwt and the M.V. Frijsenborg, to be renamed the M.V. Caribe Maiden, is also a 1987 built 22,800 dwt tweendecker

Navig8 Acquires Tanker from SPP Shipbuilding

Courtesy Navig8

Navig8 Product Tankers Inc. (the “Company”) (N-OTC: EIGHT), an international shipping company focused on the transportation of petroleum products, today took delivery of the Navig8 Pride, a 74,000 DWT LR1 tanker from SPP Shipbuilding Co., Ltd. The Navig8 Pride is the first of four vessels contracted at SPP to be delivered to the Company and is the first vessel to be delivered under the sale and leaseback agreements entered into with CMB Financial Leasing Co

Euronav Defers VLCC Resale Deliveries into 2017

Euronav NV said it has agreed with Hyundai Heavy Industries (HHI) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017.      The vessels, previously expected to be delivered between October and November 2016, will now be delivered in January 2017. Pursuant to these deferred deliveries, the amount of approximately $97 million that was previously expected to be paid to the shipyard during the

Intellian Announces IPO

Intellian is a leading global provider of stabilized satellite antenna systems Photo Intellian Technologies

Intellian Technologies announced an initial public offering of 1,450,000 common shares via the KOSDAQ, at an initial price of $17.27 per share.   The initial public offering will result in roughly $26m in raised capital and a total market capitalization for the company of just below $124m

Rolls-Royce Inks Landmark Automatic Ferry Crossing System Deal

The vessels are due for delivery in 2017 and will begin operation of 1st January 2018.

Rolls-Royce has signed a deal to supply its first automatic crossing system to Norwegian ferry company Fjord1. The system, the first of its kind, will control two new double-ended battery ferries as they cross between Anda and Lote on the 1330 km long E39 which connects communities along the

Rolls-Royce Equipped Vessels Enter Service with Qatari CG

Ares 110 Hercules (Photo: Rolls-Royce)

Qatar’s Coast Guard Command has taken delivery of the first in a series of 17 composite hull boats powered and propelled by MTU high-speed engines and Rolls-Royce Kamewa waterjets.   The vessels, two Ares 75 and one Ares 110 Hercules

Indian Oil Corp Seeks LNG Cargoes for December

Indian Oil Corporation has launched a tender seeking to buy two liquefied natural gas (LNG) cargoes for December delivery which is due to close on Oct. 25, trade sources said.   IOC is to take receipt of the volumes on Dec. 6 and Dec. 21.

Kalmar Bags Gulftainer Order

Kalmar T2 terminal tractor Photo Cargotec

Kalmar signed an agreement with Gulftainer Lebanon SAL to supply six Kalmar T2 terminal tractors and one Kalmar DCF80-45E7 empty container handler. The order was booked in Cargotec's 2016 third quarter order intake and the first delivery will take place in October 2016

New Container Terminal Inaugurated in Iraq

Enrique K. Razon Jr., ICTSI Chairman and President, cuts the ribbon symbolizing the formal opening of the BGT expansion area, the first entirely foreign financed new port infrastructure in Iraq. Photo ICTSI

International Container Terminal Services, Inc. (ICTSI) formally opened the first phase of its new greenfield terminal development at its Basra Gateway Terminal in the North Port, Umm Qasr, Iraq.   The official inauguration of the new facility marks the implementation of the first entirely

UK’s Wight Shipyard to Build Two Fast Ferries

Photo: Wight Shipyard Co

The largest fast passenger ferry order for a U.K. shipyard in over 25 years has been confirmed by MBNA Thames Clippers. Two new 170 capacity passenger boats will be built at the Wight Shipyard Co on the Isle of Wight, and will join London’s growing river transport network in summer 2017.

Korea Gas Corp Launches 4-cargo LNG Buy Tender to Refill Stocks

Korea Gas Corp has launched a tender to buy up to four liquefied natural gas (LNG) cargoes for delivery across the November-February winter period, as it seeks to replenish reserves, traders said.   As strong air conditioning demand this summer and earthquake-related reactor outages helped

Norwegian to Build New Ship for Alaska Cruising

Image: Port of Seattle

Norwegian Cruise Line will commence a new era of Alaska cruising beginning June 2018, as the company announced today that its next new vessel, Norwegian Bliss, will be custom-built with features and amenities for Alaska cruising. Norwegian Bliss will cruise to America’s Last Frontier from

Euronav Pushes Delivery of Two VLCCs at HHI

Photo Euronav

Euronav NV announces today that it has agreed with Hyundai Heavy Industries (“HHI”) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017. Thanks to the excellent relationship that the Company enjoys

Oldendorff Acquires 8 Vessels

Babycape Photo Oldendorff

Oldendorff reported that it is continuing its fleet expansion and have acquired eight more vessels, including three Babycapes and five Post-panamax bulk carriers, as follows: 119,000 tdw, built 2011 – UBC Onsan 119,000 tdw, built 2011 – UBC Ohio

Rolls-Royce Wins Deal to Power USN TAO

Rolls-Royce won a contract to supply diesel generators, propellers and shaft lines for the US Navy’s new fleet replenishment oiler ships, the John Lewis Class. Planned to total 17 ships, the new John Lewis class (previously known as TAO – X) will increase the US Navy’s capability

Towboat Delivered to Gateway Dredging

Photo: TSGI

Gateway Dredging has taken delivery of a 55’ 1,200 HP twin screw conventional towboat. The Shearer Group, Inc. (TSGI) provided the design and engineering services to JB Marine Service, Inc. where the towboat was constructed in St. Louis, Mo.  

Vard Extends SCHOTTEL Propulsion Order

VARD 9 28 - 3 Module Carrier Vessels for KMTF. (For illustration only, courtesy VARD)

Having already secured the contract in early summer to fit 15 Vard design 9 21 module carriers, propulsion specialist SCHOTTEL has now also received a follow-up order to fit three further Vard design 9 28 vessels with 12 main and auxiliary units.  

India Inducts First Armed Nuclear Submarine INS Arihant

INS Arihant in December 2014. Indian Navy Photo

 India’s first indigenously-made nuclear submarine, the INS Arihant has been commissioned into service.     The 6,000-ton, 110-metre-long INS Arihant (the Sanskrit name meaning ‘Slayer of Enemies’) is powered by a 83 MW pressurised light water nuclear reactor.

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