GESCO(Great Eastern Shipping Co., Ltd.) of India has ordered four 47,400 DWT Product Oil/Chemical Tankers from STX Shipbuilding. The vessels ordered have a length of 183m, a breadth of 32.2m, a depth of 19.1m with a service speed of 14.8 knots. The tankers are scheduled to be delivered by 2007. GESCO is an Indian government enterprise established in 1948, and this is its first dealing with STX Shipbuilding.
Cobelfret NV of Belgium has exercised two options for Flensburger’s ConRo 220 type. The new vessels measure 641 ft. The first vessel will be delivered in November 2010, and the second vessel in February 2011. Since 1998 FSG has acquired 38 contracts for RoRo Ferries.
According to reports, Samsung Heavy Industries Co., has received orders for 14 container ships worth $1.5 billion from three companies including Panama's Naviera Daniela SA and Greece's Danaos Shipping Co. Samsung Heavy will deliver the ships by November 2009, the said in a regulatory filing to the Korea stock exchange today. The orders today raise Samsung Heavy's total for the year to date to $6.9 billion, 90 percent of its 2006 target.
Imtech received orders from numerous ship owners and German shipyards for technological solutions on board several German yachts and cruise ships. These orders are worth a total of over $64. In the second half of 2005, Imtech has seen the maritime market segment for luxury yachts and cruise ships pick up in a number of European countries. Especially Germany has undergone a positive market development. Imtech a very strong player in this segment in Europe
Hyundai Mipo Dockyard gets order for four chemical tankers. Hyundai Mipo Dockyard said it had received an order worth $250 million to build four chemical tankers for Kuwait despite the world's shipbuilding industry downturn. Under the contract signed Tuesday in Kuwait, Hyundai Mipo -- a subsidiary of Hyundai Heavy Industries -- will deliver the four tankers to the state-run Kuwait Oil Tanker Company by August 2014
Mitsubishi Heavy Industries (MHI) gets orders to carry out repair & conversion of the liners 'Nippon Maru' & 'Fuji Maru'. MHI has received orders from Mitsui O.S.K. Passenger Line, Ltd. (MOPAS) and Nippon Charter Cruise, Ltd. (NCC) for repair and conversion work on the Nippon Maru and Fuji Maru, respectively. The work will be performed at MHI's Yokohama Dockyard & Machinery Works in Kanagawa Prefecture between mid-December and the end of January 2013.
FBM Babcock Marine has been awarded an order for six 86-ft. aircrew training vessels by SMIT International (Scotland) Ltd. The order follows the U.K. MOD award of a contract following competition under the Public Private Partnership Program to SMIT International for the provision of aircrew training and firing range safety services. The FBM Babcock Marine vessels will be used by SMIT International to train military aircrew in marine survival techniques and be delivered within 16 months
Vosta LMG has been awarded a contract for a cutter suction dredge CSD750 by International Seaport Dredging Ltd., a joint venture company of the Belgian dredging major Dredging International (member of the DEME group) and the Indian construction giant Larsen & Toubro. The dredge will be used for dredging projects throughout India due to the growing demand from the Indian market for dredging operations. The mono hull cutter suction dredge design and characteristics has been defined in
According to a report from Manila Bulletin Publishing, South Korea's four shipbuilders will meet executives of Brazil's Petroleo Brasileiro SA (Petrobras), in Seoul the week of April 20, in hopes of getting vessel orders worth more than $25b, the companies said. (Source: Manila Bulletin Publishing)
Daewoo Shipbuilding & Marine Engineering (DSME) has won the first battle in the war among the shipbuilders to obtain orders for vessels to participate in the Russian Arctic 'Yamal Project' by getting the world’s first order for an icebreaking LNG carrier, reports BusinessKorea. The South Korean shipbuilder informed BusinessKorea that it received the order worth US$367.4 million from Russia’s state-run shipper Sovcomflot, and will deliver the vessel by the end of June 2016.
WER December Floating Production Report The December WER report examines whether OPEC’s decision to limit crude production will accelerate deepwater project starts over the next 12 to 24 months, given 3 billion barrels of oil stocks in global inventory, 5
Rickmers Maritime Trust has completed the sale of a vessel in connection with the settlement of senior loan facilities that German lender Commerzbank's Singapore branch extended to a unit of the trust. "The Trustee-Manager wishes to announce that the sale of the “India
South Korea‘s three majors shipbuilders are forecast to get much fewer orders next year, Yonhap reports quoting industry sources. The three shipyards - Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - are
2017 will see another year of die-hard competition, which now includes tankers, says International shipping association Bimco. The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since
Storm's eye nears Cape Canaveral. The first major hurricane threatening a direct hit on the United States in more than 10 years lashed Florida on Friday with heavy rains and winds after killing at least 339 people in Haiti on its destructive march north through the Caribbean.
VSM: Collapse in demand dampens expectations for the current year The global shipbuilding industry continued its downturn in 2015 with the number of new orders halved compared to 2013 level. The year 2016 is shaping up to be even worse.
TraPac, LLC has reached agreement to nearly double its marine terminal size at the Port of Oakland. Wilmington, CA-based TraPac said today it plans to lease an additional 57 acres and two vessel berths on the Port’s Outer Harbor.
Empire Magnetics President Richard Halstead discusses the critical considerations necessary for engines operating in Arctic waters. A large number of vessels sail in more than one ocean, from warmer seas to arctic waters, so motors for marine applications must be versatile enough to
GTT said it has received an order from Daewoo Shipbuilding & Marine Engineering (DSME) to equip two new LNG carriers scheduled for delivery in 2019. The vessels will be built at DSME's shipyard in Geoje, Korea, on behalf of Maran Gas Maritime, a Greek management company
With the sale of the kamsarmax vessel MV Bavang to Asian interests Klaveness has exited the dry bulk shipping business. Klaveness took delivery of the vessel from the yard in February 2016 and it was one out of an eight order deal made in 2013/2014.
A tanker crewman was medevaced Monday afternoon, after reports of suffering from a hernia about 15 miles off Galveston, Texas in the Fairway Anchorage. The master of the 600-foot, Marshall Islands flagged tanker Agena contacted U.S. Coast Guard Sector Houston-Galveston watchstanders at
Royal Australian Navy frigate HMAS Darwin has sailed to Kaikoura to provide humanitarian and disaster relief support at the request of the New Zealand government. Darwin is using her embarked S-70B-2 Seahawk helicopter for the evacuation of civilians and the distribution of
Four new Super Post Panamax ship-to-shore cranes arrived at Garden City Terminal yesterday, bringing the Port of Savannah's total to 26, more than any other terminal in the U.S. "For customers, it means the capacity to move up to a thousand containers per hour across a single dock at
The worst is over for the dry bulk shipping sector, after years when too many ships chased too little cargo, yet the extent of the lost business means a full recovery is still some way off, leading ship owners said on Wednesday. Dry bulk shipping
Founded by Robert W. Fernstrum 67 years ago, R.W. Fernstrum & Company is currently run by its third generation of Fernstrum. This long-tenured maritime staple has seen its fair share of maritime cycles, and in today’s challenging market it is not standing still