DryShips, Inc., announced that tThe company has entered into an agreement to purchase a 2001 built, 172,579 dwt Capesize bulk carrier, for $152.25 million. It will be delivered, charter free, during the second quarter of 2008. ƒnThe Company also entered into an agreement to sell the 1993 built, 149,475 dwt Capesize bulk carrier, MV Netadola for $93.9 million. Delivery to the new owners will take place during the first quarter of 2008. Once the sale is concluded the company expects to realize a gain of approximately $62.2 million. ¡§We are pleased to continue with our strategy of fleet renewal. The replacement of MV Nedatola, a 14 year old smaller Capesize vessel, with a six year old modern Capesize dry bulk carrier, enhances our earnings potential and the longevity of our cash flow,¡¨ said George Economou, Chairman and CEO of DryShips Inc. ¡§We continue to take full advantage of the strong fundamentals of the dry bulk industry with our modern fleet.¡¨
According to a report from Business News America, Transpetro, the transport arm of Brazil's federal energy company Petrobras (NYSE: PBR), has signed a contract with the Eisa shipyard for the construction of four Panamax oil tankers. The $349m deal is part of Transpetro's fleet renewal program. (Source: Business News America)
Green Reefers agreed to sell the M/V Green Tundra, Green Summer, Green Spring and Green Winter for $30 million. The vessels, built in 1986, 1988, 1989 and 1989 respectively are each of about 270,000 cu. ft. The vessels will be sold to a Norwegian single purpose entity initiated by Platou Finans. Green Reefers will participate in the new owning company with a shareholding of 25%. The vessels will be bareboat chartered back to Green Reefers for periods of 2-8 months.
Greek shipping company DryShips Inc., which specializes in dry bulk carriers, has sold a pair of older ships and added two newer vessels to its fleet. The company sold its 24-year-old Panamax bulk carrier MV Striggla for $12.1 million and its 17-year-old Panamax bulk carrier MV Daytona for $25.3 million. DryShips expects to book a combined gain of about $15 million from the divestitures. Meanwhile, the company bought a 10-year-old Capesize bulk carrier, MV Cape Venture, for $62 million
FreeSeas Inc. (Nasdaq:FREE) (Nasdaq:FREEW) (Nasdaq:FREEZ), a provider of seaborne transportation for drybulk cargoes, announced that it has taken delivery of the 1995-built, 22,051 dwt Handysize M/V Free Goddess on October 30, 2007. The vessel then began a time charter at $13,000 per day, which is expected to last approximately one month. The vessel will thereafter begin a two-year time charter at $19,250 per day. Mr
Davie Yards Inc. (TSX:DAV) introduced its proposal for the implementation of a National Shipbuilding Procurement Strategy aimed at renewing the federal fleet and building world-class shipbuilding capability in Canada, while providing more predictable work for the maritime industry. "Davie's proposal is based on our belief that Canadian yards can achieve a competitive position vis-à-vis European yards in building complex ships
Green Reefers ASA has agreed to buy the Silver Fjord (ex. "Frio Hamburg") for $10,4 mill. The vessel is 194,000 cu. ft. and built in Denmark in 1997. Delivery will take place in June/July 2006 and the vessel will be renamed Green Tromsø. In June 2005 the company acquired the sistervessel Green Bergen (ex. "Frio Pusan"). The purchase of Green Tromsø is part of a fleet renewal program where the company is selling the smaller and older units and buying modern and larger units.
DryShips, Inc., announced that the company has entered into an agreement to purchase a 2001 built, 172,579 dwt Capesize bulk carrier, for $152.25m. The vessel will be delivered charter free during the second quarter of 2008. The company has entered into an agreement to sell the 1993 built, 149,475 dwt Capesize bulk carrier, MV Netadola for $93.9m. Delivery to the new owners will take place during the first quarter of 2008
July 27 marked the opening of the Government of Canada's Shipbuilding Consultation, which seeks input from key stakeholders on comprehensive and viable options for a long-term, sustainable Canadian shipbuilding strategy. The Government is committed to building and maintaining an effective federal fleet of ships for maritime security and services. Fleet renewal plans could see the Government invest in excess of $40 billion to build more than 50 large vessels over the next 30 years.
Ultrabulk signs contracts with a Japanese yard for construction of new generation handysize bulkers Denmark-based Ultrabulk has placed an order with a major Japanese ship yard for the construction and delivery of one new generation super ECO-designed handysize bulker of 38,000tdw size for delivery in 2014, with Ultrabulk’s option to extend the order with one additional vessel. The vessel(s) will be equipped with an electronic main engine as well as other equipment and systems which are
The 14,000-TEU container ship was named 'APL Temasek' by Mrs Mary Tan, wife of the Republic’s President at a Singapore ceremony. APL Temasek is the first in a series of ten 14,000-TEU vessels on order by the Singapore-based shipping and logistics group
APL clinched the inaugural Green Ship of the Year award at the 2013 International Maritime Awards organized by the Maritime and Port Authority of Singapore here this evening. The APL Yangshan, a 10,700-TEU (twenty-foot equivalent unit) container ship built in 2012 currently plying the
The new build “ZP Bulldog” and her sister tug “ZP Boxer” christened by family of the two General Managers of Schleppreederei KOTUG GmbH. Both ceremonies were held at the tug boat station in the Port of Hamburg with shareholders
Petrobras has signed contracts with Brazilian shipbuilders as part of its 3rd 'Fleet Renewal Plan for Offshore Support Vessels (OSV's). The units, type PSV 4500 and OSRV 750, fulfill 60% local content requirements and will be built in Brazil
OceanWorks International has again been authorized by the U.S. Navy’s Naval Sea Systems Command (NAVSEA) Note 5000 to perform Deep Submergence Systems Scope of Certification (DSS SOC) work in support of designated submarine rescue and intervention systems.
Global demand driving consistent year-over-year profits for Tidewater. A more modern fleet riding a rising tide should continue that trend, analysts and company officials say. Tidewater Inc., based in New Orleans, has invested in deepwater, platform supply vessels in recent years
China Oilfield Services Limited (COSL) choose Havyard 832 design for renewal supply vessel fleet, & order Havyard designs for 4 new vessels. COSL has the largest fleet of oil rigs and offshore vessels in China owning 34 drill rigs, 2 accommodation rigs
Defence IQ's upcoming Surface Warships Conference, 30 - 31 January, 2013: an opportunity to understand warship construction challenges & technical solutions. The development of highly capable, flexible and value for money surface fleets that are capable of functioning with coalition
Tonnage Exceeds Forecast as Grain Heads to Overseas Markets. The St. Lawrence Seaway Management Corporation (SLSMC) announced today that tonnage increased by 4% to 38.9 million tonnes during the 2012 navigation season, exceeding the SLSMC’s original forecast by 300
New ships and new navigational technology play a part as Seaways report 2012 tonnage exceeds forecasts A number of newly built state-of-the art vessels came into service within the Seaway in 2012, boasting sharp increases in fuel efficiency and reductions in emission levels
Greek-based Euroseas Ltd., drybulk and container ship owners and operators, publish their Q4 & full year 2012 financial results. Full year 2012 Highlights: Net loss of $13.2 million or $0.34 net loss per share basic and diluted on total net revenues of $52.5 million
The UK P&I Club (the UK Club) announces that it has attracted over three million gross tons of new tonnage, following the closure of the renewal season on Wednesday, 20 February, 2013. At conclusion of renewal the Club’s tonnage stands at around 120 million gross tons
The UK P&I Club (the UK Club) has attracted over three million gross tons of new tonnage, following the closure of the renewal season. At conclusion of renewal the Club’s tonnage stands at around 120 million gross tons. This represents net growth over the past year of 7
New AVT 3000 Class Voith Schneider tugboat for Carbonnes del Cerrejón completes delivery voyage from Turkey to Colombia. The new tugboat, Media Luna, sailed into Puerto de Bolivar, Colombia to be welcomed by other Cerrejón towing vessels providing fire monitor displays
Tsakos Energy Navigation Limited a product, crude and LNG tanker operator, announced that on Friday, March 22, 2013, the Chief Executive Officer of the Company, Mr. Nikolas Tsakos as well as senior members of the company's management team and guests celebrated the Company's 20th Anniversary as a