Dredging concern Royal Boskalis Westminster nv has placed an order with shipyard IHC Holland for the construction of two innovative 12,000mÂ³ hoppers. The order is part of the multi-year fleet expansion program at Boskalis. The ships will be completed in December 2009 and April 2011. The order involves an investment of more than â‚¬ 200 million. The new ships stand out because of the use of innovative technologies, strengthening the Boskalis market position in the segment for â€˜large trailing suction hopper dredgersâ€™. They will have two separate hoppers, allowing for the optimal use of their capacity in all circumstances, including shallow waters. In addition, the pumping capacity on the vessels is high, allowing them to pump large volumes over longer distances. This means that they can be used in a wide range of projects throughout the world, for both large-scale land reclamation and the construction of ports and waterways. Boskalis has a modern fleet with trend-setting ships, a broad geographical spread, and activities in all market segments. The company has a multi-year fleet expansion program that will strengthen its position on a global market that is growing rapidly. The program involves a total investment of approximately â‚¬ 850 million and includes the construction of four hoppers with capacities varying from 5,600mÂ³ to 12,000mÂ³, the lengthening of the Queen of the Netherlands into a mega hopper of 35,500mÂ³ and the construction of jumbo cutter Phoenix
Nordic American Tankers Ltd. announced that its Board of Directors has declared a dividend of $0.16 for the first quarter of 2013, the same as for the 4th quarter of 2012. The level of the declared dividend should be seen in the context of planned fleet expansion. Expansion is essentially the same as investing in the future. However, also yield is a priority as demonstrated by this payment of dividend for the 63rd consecutive quarter since the autumn of 1997.
CMB confirms that its subsidiary Bocimar International has sold its Handymax vessel CMB Talent (2001 – 52,403 dwt). The vessel is sold time charter attached, expiring at the end of 2008. The net sale price amounts to USD 53 million. At the time of delivery of the vessel, scheduled to take place at the end of November 2007, a capital gain of approximately $36m will be realized. Further, Bocimar has ordered 10 Handysize bulk vessels (33,500 dwt) from Samjin Corporation (Korea)
Costa Cruises, Italian tourism group and European cruise company, and Fincantieri celebrated the technical launch of the Costa Deliziosa at the Marghera yards: the first time the ship touched the sea flooding the dry-dock where she is under construction. The Costa Deliziosa, the 15th ship of Costa’s fleet with a total tonnage of 92,700 and a capacity of 2,828 passengers, is scheduled to be delivered at the end of January 2010, after completing the interior fitting out operations
Star Bulk Carriers Corp. has entered into a definitive agreement to acquire a Capesize bulk carrier of approx. 180,000 dwt, built in 1991 in Japan, for approximately $83.7 million from Japanese interests. The vessel will be financed through a combination of company cash and bank debt. The vessel to be renamed the M/V Star Sigma, is scheduled to be delivered to Star Bulk within April/May 2008. It comes with a one-year time charter back to its present owners which will commence on the day of
Stelmar Shipping Ltd. announced that it has renewed the Rimar, a 1998 double hull product tanker, on a six-month time charter contract for $13,500 per day. Peter R. Goodfellow, Chief Executive Officer and President commented, "In 2002, we have signed or renewed profitable time contracts for all seven tankers that have come off contract. We have also been able to sign new profitable time charter contracts for another two tankers that had been operating in the spot market
Globus Maritime Limited (AIM:GLBS), a marine transportation company that owns and operates Handymax and Panamax dry bulk ocean-going vessels, has announced its trading update and financial highlights for the three months and nine months ended September 30, 2007. The company's fiscal year ends on December 31st. Globus Maritime Limited began operations on September 15, 2006. In June 2007 Globus successfully raised $50m by way of a placing and its shares were admitted to AIM
Bouchard’s B.No. 225, sister hull to the announced newbuilds, B. No. 280 and B.No. 205, travels down the Mississippi River on her maiden voyage following delivery from Bollinger. Bollinger Shipyards, Inc. of Lockport, Louisiana and Bouchard Coastwise Management, Corp., Hicksville, N.Y., one of the largest operators of double hull articulated tug/barge (ATB) units in the United States, signed a contract for Bollinger to build two double-hull
HUAL AS was named as a General Motors Supplier of the Year for its overall business performance in providing GM with parts and services. The award was given during ceremonies Saturday, April 3 in Prague at the Hilton Prague Hotel's Congress Hall. "HUAL is representative of the type of company we want to grow with as we drive to be the best worldwide," said Bo Andersson, vice president, GM Worldwide Purchasing Production Control & Logistics
Hapag-Lloyd ordered two 8,600 TEU containerships from the South Korean shipyard Hyundai Heavy Industries for delivery in spring and autumn 2007. The newbuildings will have a length of 335m, width of 43m and draught of 14.50m and be able to carry 8,600 standard containers (TEU). They will have a speed of 25 knots. It is planned to deploy the vessels between Europe and the Far East. Hapag-Lloyd released no details on the construction costs.
Viking Cruises launch Viking Ocean Cruises, the first new cruise line in nearly a decade. Developed from the ground up to return the focus of cruising to the destination, Viking Ocean Cruises will begin sailing in May 2015 with its first vessel—Viking Star—embarking on maiden voyages
The Ministry of Defense in Oman has awarded Damen Shipyards Group a contract for the construction of a Sail Training Vessel (STV). The 87-metre square rigged, three-masted steel clipper and will take up her role as flagship. In addition to its key role of training young Omani navy cadets and
Rand Logistics, Inc. announced the hiring of Robert (Bob) Bezan for the newly created position of Vice President of Planning and Analysis at its subsidiary, Lower Lakes Towing Ltd. In this role, Bob will be responsible for all operational planning and analysis activities for the Company
The Harkand Group signs a deal with Forum Subsea Technologies that will see it extend its ROV fleet by 25% & create 30 new full time jobs. Harkand, formed through the recent merger of Iremis, Integrated Subsea Services (ISS) and Andrews Survey following investment by Oaktree Capital Management
Tug and barge operator is building three new Arctic Class deep-sea tugs at Northwest shipyard Responding to new oil and gas industry opportunities, Foss Maritime Company is building the first three tugs in an innovative Arctic Class of tugs
Naval Architecture and Marine Engineering firm Guido Perla & Associates, Inc. (GPA) was awarded a contract to deliver the Design, Regulatory Design and Production Engineering for two GPA 675J PSVs for Jackson Offshore Operators.
Ole Sanne has accepted the new position of CCO at Ocean Installer, and Jim Dåtland will join Ocean Installer as the new CFO. Mr. Sanne and Mr. Dåtland enter their new positions mid-February 2013. Mr. Sanne has been with Ocean Installer since the company’s inception and has
Danaos Corporation reports fourth quarter and full year results for the year ended December 31, 2012. Financial highlights: Operating revenues of $151.8 million for the three months ended December 31, 2012 compared to $128.3 million for the three months ended December 31, 2011
Nordic American Tankers Ltd. is considering expanding its fleet by ordering new vessels or buying second-hand. The company's Board of Directors has declared a dividend of $0.16 for the fourth quarter of 2012. They are assessing expansion plans including ordering of new vessels from
Signet Maritime Corporation contracts Patti Marine Enterprises, Inc. in Pensacola, Florida, to construct tow Robert Allan designed tugs. Construction commenced in November 2012 with an expected delivery of December 2013 for the first vessel and March 2014 for the second vessel.
Signet Maritime Corporation continues to expand its diverse fleet by awarding a contract for the construction of two Robert Allan Ltd. designed tugs to Patti Marine Enterprises, Inc. in Pensacola, Florida. This marks the ninth Signet/Robert Allan Ltd. design in 5 years
Greece-based container ship owners, Danaos Corp., reports Q3 & nine months results for period ended September 30, 2012. Highlights for the Third Quarter and Nine Months Ended September 30, 2012: Operating revenues of $156
Keppel FELS Limited (Keppel FELS) has delivered Paradise 400, a high-specification KFELS B Class jackup rig to Safin Gulf FZCO (Safin) ahead of schedule and with a strong safety record. The rig is a refurbishment and upgrade of a KFELS B Class jackup rig that Keppel FELS purchased in 2011
Tug and barge operator to build three new Arctic Class deep-sea tugs at Northwest shipyard. Responding to new oil and gas industry opportunities, Foss Maritime Company will build the first three tugs in an innovative Arctic Class of tugs, a fleet expansion that broadens its capacity to take on
Tug and barge operator, Foss Maritime, to build three Arctic Class deep-sea tugs at Northwest shipyard. Responding to new oil and gas industry opportunities, Foss Maritime Company will build the first three tugs in an innovative Arctic Class of tugs