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Bisso Marine Acquires Derrick Barge

Bisso-Marine_web.jpg

Bisso Marine has added the D/B Bisso 350 derrick barge to its expanding fleet. Built to service the offshore industry, the revolving D/B Bisso 350 will be used for salvage, offshore construction and diving operations. The vessel has three load blocks: 350 mt (385 st), 150 mt (165 st) and 12 mt (13 st). “The D/B Bisso 350 is a solid addition to our fleet, increasing our capabilities and expanding the level of our services,” said President and Chief Executive Officer W.A. “Beau” Bisso IV. The vessel is eight-point moored and has dimensions of 250 x 78 x 18 ft. It can accommodate 52 people. Formerly named Anna 4, it was purchased from Hapo International Barges of Rotterdam and is class certified by Lloyd’s Register. It flies the Panamanian flag and will be in worldwide service. The addition of the D/B Bisso 350 increases the Bisso Marine derrick barge fleet to a total of six derrick barges. (www.bissomarine.com)


Laborde Diesel Generators Help Power Energy Giant

Photo: Laborde Products

Effective wastewater treatment and liquids processing is essential to energy production, pipeline and refining operations, both offshore and onshore. To help ensure efficient, reliable power for its fleet of equipment, the Water Treatment Services division of Greene's Energy Group recently chose custom generators packaged and installed by Laborde Products. Laborde customized four new 40 kW diesel generators for placement in SEPCo-certified


Globus Maritime Expands Fleet to Seven with Supramax Delivery

Globus Maritime Announces the Delivery of the Supramax "Sun Globe," Expanding Fleet to Seven Vessels.   Globus Maritime Limited ("Globus" or the "Company"), (NASDAQ: GLBS), a dry bulk shipping company, announced that it has taken delivery of the M/V "Sun Globe," a 2007-built Supramax dry bulk carrier it acquired for a purchase price of $30.3 million, which the Company had previously announced in March 2011.  


Euroseas to Expand Fleet to 11 Vessels

Euroseas Ltd., an owner and operator of drybulk carriers, container ship and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that it has signed a Memorandum of Agreement to purchase the M/V Clan Gladiator, a Handysize container ship of 30,007 dwt and 1,742 teu built in 1992 in Germany for $25.7 million. The vessel is scheduled to be delivered to Euroseas around June 11, 2007, at the sellers' option


Vinalines Plans to Expand Fleet

Vinalines plans to expand its fleet of ships so it can transport 2.6 million tons of cargo by 2010 A company official said Vinalines would continue to invest in building new seaports in Dinh Vu, off the northern port city of Hai Phong, in Quang Ninh Province; Hiep Phuoc in HCM City; Cai Mep-Thi Vai in Ba Ria-Vung Tau Province, in addition to Vung Tau container port. The company is aiming for an average cargo capacity of between 50-55 million tonnes at each of its ports by 2010.


Oman Shipping Invests in Counter-Piracy Measures

Government-owned Oman Shipping Company (OSC) has invested in a number of measures to secure its expanding fleet of ships against piracy attacks Capt Andrew Boyce, Senior Manager Safety & Marine, Oman Ship Management Company, informed delegates on the second day of the TransOman Conference at the Grand Hyatt Muscat the measures — although expensive — are a necessity to ensure the security of the country’s national fleet, now boasting 36 ships worth nearly $3 billion


Tsakos Releases 3Q Results

Tsakos Energy Navigation, the Greek oil tanker owner, recently reported better-than-expected third quarter earnings on an expanded fleet and a large capital gain. Net income for the third quarter ending Sept. 30 soared to $50m, or $2.61 per share, up from $44.5m, or $2.33 per share, in the previous year. The third quarter included capital gains of $31.8m compared to capital gains of $13.3m in the previous year. Sales rose to $122.5m up from $115.2m a year ago.


Tsakos Expands Fleet

Tsakos Energy Navigation Limited announced that it has taken delivery of two new vessels from Imabari Shipyards in Japan. The aframax Marathon was delivered on January 22, and immediately entered into an accretive repositioning voyage with a major South American oil concern. The panamax Maya, the first in a series of four new fully coated panamaxes, was received on January 24, and also immediately entered into an accretive repositioning voyage with a major Asian oil concern


Genco to Acquire 16 Supramax Vessels

Genco Shipping & Trading Limited (NYSE:GNK) announced that it has entered into an agreement with Bourbon SA to acquire 16 Supramax vessels, including two newbuildings, from Setaf SAS, a wholly owned subsidiary of Bourbon SA, for an aggregate purchase price of $545m. The acquisition is subject to the completion of customary documentation and closing conditions. Genco intends to retain 13 of the vessels, 12 of which are expected to be delivered to Genco in the third quarter of 2010


S&P Raises Transocean Offshore Ratings

Standard & Poor's raised its ratings for Transocean Offshore Inc., renamed Transocean Sedco Forex Inc. (See chart page 2, related story page 8) At the same time, Standard & Poor's assigned to the company an 'A-1' short-term corporate credit rating, an 'A-1' rating for its $500 million commercial paper program, and a single-'A' rating for its $400 million term loan maturing December 2004. The company's ratings are removed from CreditWatch with positive implications


Putin Puts Northern Fleet on Full Combat Alert

Ships of Russian Navy Northern Fleet. Photo: Gazprom

 Russian President Vladimir Putin put the nation’s northern fleet on full alert in the Arctic Ocean this week, as the U.S. and several Eastern European NATO countries conduct a series of military exercises near Russia's border.  


Global Ship Lease Takes New Containership

Global Ship Lease, Inc. (NYSE:GSL) took delivery of a 2004-built, 8,063 TEU containership, the OOCL Qingdao. Upon delivery, the vessel commenced a timecharter back to Orient Overseas Container Line (UK) Limited, an affiliate of the seller, for 36 to 39 months at a rate of $34,500 per day


AAL Fleet to Expand, Surpass 500,000 DWT in 2015

  The AAL Bangkok (Photo courtesy of AAL)

  Global ocean transport operator AAL today announced plans to increase the size of its fleet to over 500,000 dwt in 2015.    Comprising owned and chartered vessels, the move will add needed capacity to the multi-purpose sector’s youngest and most advanced fleet


E-marine Begins Fleet Expansion

CS Maram (Photo: E-marine)

E-marine, a provider of submarine cable installation and repair solutions in the Middle East and Sub-Continent region, has unveiled plans to expand its fleet of cable ships in 2015, with the first ship, the CS Maram, beginning dock trials ahead of its maiden voyage this year.  


Shipping Contributes $164bln to EU

Photo: ECSA is presenting the updated version of the Oxford Economics study on econ. impact of shipping

 The European Community Shipowners' Associations has released the results of a recent update of an Oxford Economics study on the economic value of the EU shipping industry which highlights the industry’s contribution to the European Union's economy based on new data.  


Study Highlights Economic Impact of EU Shipping

The European shipping industry contributed an estimated €147 billion to the EU’s GDp in 2013, according to a recent study  The European Community Shipowners' Association (ECSA) presented the results of a recent update of the Oxford Economics study on the economic value of the EU


Maersk Drilling Secures Contract for Newest Drillship

Maersk Voyager (Photo courtesy of Maersk Drilling)

Maersk Drilling was awarded a contract from eni Ghana Exploration and Production Ltd. for employment of the newbuild drillship Maersk Voyager.   The contract will see Maersk Voyager work on the Offshore Cape Three Points (OCTP) Project offshore Ghana with expected commencement in July 2015


MMK Boosts Steel Shipments to Shipbuilders

OJSC Magnitogorsk Iron and Steel Works (MMK) supplied 78,000 metric tons of metal products to shipbuilders in 2014, which represents a 37.2% growth year-on-year.   MMK supplies up to half of all metal products sold to the Russian shipbuilding industry


Maybulk to Build Five More Ships

Pic: Malaysian Bulk Carriers Bhd

 Unfazed by the tough market conditions that the shipping industry is faced with, Malaysian Bulk Carriers Bhd (Maybulk) said it will move forward with fleet renewal activities.    Maybulk is building five new ships to expand its fleet size to 27 vessels by 2018


Australia Looks to France, Germany, Japan for $39 bln Submarine Contract

Image: Royal Australian Navy

 Australia has announced that it would formally invite France, Germany and Japan in the bidding process to build its new fleet of nine submarines in a project worth $39 billion.   Australian Prime Minister Tony Abbott said that there was Germany and France which are involved in a wider


Hafnia Tankers Eyes USD 34 Mln to Finance Fleet Additions

Courtesy Hafnia Tankers

Hafnia Tankers Ltd have entered into an agreement to acquire 4 LR1 product tankers. This acquisition confirms the commitment of Hafnia Tankers and its stakeholders to further expand the business within the product tanker segment. The vessels are:


WR Systems Awarded NAVSUP Contract

 WR Systems, Ltd. (WR) of Norfolk, Virginia has been awarded an order for the establishment of a Mini Stock Point for wireless communication and navigation systems by the Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS).  The period of performance is February 2


NewLead Holdings Company Update

  NewLead Holdings Ltd. has succeeded in growing the fleet of the Company from two to ten vessels in less than one year following its growth strategy and delivering on its commitments. NewLead's fleet has been entirely transformed to include younger, flexible in size


Euronav Pays Bond to Buy 15 Maersk Tankers

Photo: Euronav NV

Euronav NV will repay the US$235 million bond issued to finance the acquisition of 15 VLCC oil tankers from Maersk Tankers Singapore, following a closure of its Initial Public Offering (IPO) of ordinary shares on the New York Stock Exchange.


Lamprell Delivers Drilling Rig to Dev Drilling

Jindal Pioneer during its successful jacking trial held in December 2014

The Lamprell Group delivers its 12th Super 116E jackup drilling unit.   Lamprell has announced the completion of construction on the jackup rig Jindal Pioneer and its delivery to Dev Drilling Pte Ltd of Singapore, a D. P. Jindal Group Company.    






 
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