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Diana Shipping Acquires Capesize Bulker

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from an unaffiliated third party the m/v Churchill Bulker, a 2011 built Capesize dry bulk vessel of 179,362 dwt, for a purchase price of $28.5 million. The vessel, to be renamed Seattle, is expected to be delivered to the buyer by mid-November 2015. Excluding the newly acquired vessel, as well as one new-building Capesize dry bulk vessel expected to be delivered to the Company by mid-November 2015, one new-building Newcastlemax dry bulk vessel expected to be delivered to the Company during the second quarter of 2016, and one new-building Kamsarmax dry bulk vessel and one new-building Newcastlemax dry bulk vessel expected to be delivered to the company during the third quarter of 2016, Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (two Newcastlemax, 12 Capesize, three Post-Panamax, four Kamsarmax and 20 Panamax). As of today, the combined carrying capacity of the company’s fleet, excluding the five vessels not yet delivered, is approximately 4.7 million dwt with a weighted average age of 7.57 years.  


New Bulker, Drawdown Loans Actioned by Diana Shipping

Diana Shipping Inc. signs MOU to buy a new-building bulk ship from a third party; subsidiaries negotiate term loan facilities. The new-building Kamsarmax dry bulk carrier, to be named Myrto of 82,131 dwt, was built by Tsuneishi Shipbuilding Co., Ltd., Japan, and the purchase price is US$26.5-million. The vessel is expected to be delivered to Diana Shipping at the end of January 2013. Separately, the Company also announced that it signed, through two separate wholly owned subsidiaries


Navios Maritime Acquires Newbuilds

Navios Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, announced the delivery of a new build Capesize vessel and the agreement to acquire another new build Capesize vessel. The Navios Antares, a 169,059 dwt Capesize vessel, was delivered to Navios Holdings' owned fleet on January 20, 2010 from a South Korean Shipyard. Navios Holdings agreed to acquire a new build Capesize vessel of 180,000 dwt


Diana Shipping Signs Loan Facility with Danish Ship Finance

  Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has completed a drawdown of US$30 million, through a separate wholly-owned subsidiary, under a term loan facility it signed with Danish Ship Finance A/S. The proceeds will be used to partially finance the acquisition cost of a Capesize dry bulk vessel, the m/v Santa Barbara, which was delivered to the Company on January 12, 2015.


Diana Shipping Signs US$75.7 mln Term Loan Facility

Courtesy Diana Shipping

  Diana Shipping Inc. announced that yesterday it signed, through three separate wholly-owned subsidiaries, a term loan facility for up to US$75,734,900 with The Export-Import Bank of China. The purpose of this facility is to partially finance, after delivery, the acquisition cost of two new-building Newcastlemax dry bulk vessels of approximately 208,500 dwt each and one new-building Kamsarmax dry bulk vessel of approximately 82,000 dwt.


Ferries Eligible for Millions in Canadian Funding

Ferry operators now eligible for New Building Canada funding   Ferry operators across Canada applaud new changes made by the federal government that will allow infrastructure projects related to ferries to be eligible for funding under the New Building Canada Fund, according to the Canadian Ferry Operators Association (CFOA).   The original eligibility criteria for the fund, established in 2014, excluded most projects related to ferries


Transas Chosen for Ferry Newbuilds

Transas signed a contract with Uljanik shipyard, Croatia, to equip four ferry new buildings with its onboard navigation systems. The contract will be implemented before the 2006 and the first ferry is scheduled for commissioning at the beginning of 2005. Each ferry will be fitted out with GMDSS equipment, ARPA/Radar system, Automatic Identification System, autopilot, gyro- and magnetic compasses, log, echo sounder, Global Positioning System (GPS) and Ship Security Alert System (SSAS).


Wilhelmsen Wins Contract from Meyer Werft

Wilhelmsen Marine Engineering won an order from Meyer Werft in Germany to finalize the cruise ship AIDAblu and two new cruise vessels, NB689 (unnamed) and NB690 (unnamed) being built for the German cruise operator, AIDA Cruises. Under the terms of the deal, Wilhelmsen Marine Engineering's subsidiary, Wilhelmsen Callenberg Fläkt will deliver heating, ventilation and air conditioning (HVAC) systems and related engineering services. The order has an estimated value of EURO 10.4 million.


Diana Shipping Extends Charter for Crystalia With Glencore

Crystalia. Photo by Diana Shipping Inc

 Diana Shipping Inc., has, through a separate wholly-owned subsidiary, agreed to extend the present time charter contract with Glencore Grain B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the MV Crystalia.   The charter has been extended for a period of minimum ten months to maximum thirteen months at a rate 43% lower than the original fixture.   The Crystalia (77,525 dwt, built 2014) was fixed at a gross rate of $9,000 daily, minus 5% commission


G E Adds a Kamsarmax Dry Bulk Carrier Jag Ajay

Photo: Great Eastern Shipping

 The Great Eastern Shipping Company took delivery of a new building Kamsarmax dry bulk carrier Jag Ajay.    Great Eastern Shipping Company Ltd has informed the Bombay Stock Exchange regarding a Press Release dated June 30, 2016 titled: G E Shipping takes delivery of a new building Kamsarmax Dry Bulk Carrier "Jag Ajay".    The vessel was ordered by GE Shipping in December 2013 and has been built at Jiangsu New Yangzi Shipbuilding Co. Ltd., P.R. China.


MN100: Sherwin-Williams Protective & Marine Coatings

(Photo: Sherwin-Williams Protective & Marine Coatings)

The Company: Sherwin-Williams Protective & Marine Coatings is a global provider of protective and marine coatings, offering a complete line of time-tested, high-performance coatings technologies to combat corrosion, protect assets, enhance personnel safety, and improve aesthetics


Suezmax Delivered to Nordic American Tankers

Nordic American Tankers Limited (NAT) has taken delivery of a Suezmax new build tanker Nordic Star, built at Sungdong Shipbuilding & Marine Engineering Co., Ltd., South Korea.   The 158,000 dwt vessel will be immediately employed in the tanker market, NAT said.  


Euroseas Cancels Ultramax Newbuild Order

Euroseas Ltd., an owner and operator of dry bulk and container carrier vessels, has cancelled its order for an Ultramax dry bulk vessel under construction at Dayang yard due to excessive construction delays.   The vessel, Hull Number DY 161


Port House, Antwerp inaugurated

New Port House in Antwerp Photo Port of Antwerp

The new Port House in Antwerp repurposes, renovates and extends a derelict fire station into a new headquarters for the port – bringing together the port’s 500 staff that previously worked in separate buildings around the city.


Meyer Turku Cuts Steel for New Mein Schiff

Courtesy MEYER WERFT

The production of a new generation of Mein Schiff ships started today at Meyer Turku shipyard, Finland, with the steel cutting ceremony.  The new Mein Schiff 1, NB-1392, will be around 20 meters longer than the previous Mein Schiff ships and will have space for additional 180 cabins.  


Maersk Supply Service to Cut Fleet, Crew

Photo: Maersk Supply Service

 The AP Moller-Maersk Group subsidiary Maersk Supply Service,, which is part of the "fifth leg" in the light blue conglomerate, is divesting up to 20 vessels over the coming 18 months and reducing its crew pool by 400 offshore positions.  


Pakistan Mulls Second LNG Import Terminal

BW LNG. Photo:  BW Group

 BW Group (BW) has signed a 15-year agreement with Pakistan GasPort Limited (PGPL) to provide LNG regasification services utilizing a new-build Floating Storage and Regasification Unit (FSRU) for the second Pakistan LNG terminal.  


Grand Bahama Shipyard Adds Four Executives

Ian Edward Ross (Photo: GBSL)

Grand Bahama Shipyard Limited (GBSL), a Caribbean shipyard providing retrofit, refurbishment and revitalization to cruise and commercial vessels, has added four new positions to its executive team in 2016.   Taking up the new executive positions are Ian Edward Ross, Don Keirce


New Crane Orders for Huisman

illustration of the 5,000mt Allseas Tub Crane

Huisman has secured new crane contracts with a total value of around 300 million Euro from various major offshore, shipping and wind farm installation contractors: •    2 x 900mt Heavy Lift Mast Cranes for BigLift Shipping;


Hapag-Lloyd Cruises Orders Two Vessels

Two new-builds in the 5-star expedition segment

TUI Group, the world’s number one tourism group, will invest in two new-builds for its Hamburg-based subsidiary Hapag-Lloyd Cruises. The two, new, 5-star expedition vessels are scheduled for launch in April and October 2019, respectively, following 20 months of construction


Five Vessels Delivered for Qatar’s New Port Project

Photo: NDSQ

Nakilat Damen Shipyards Qatar (NDSQ) has delivered five vessels as part of an 11-vessel order for New Port Project (NPP). Built entirely at the Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City, the vessels were launched and delivered to NPP after successful completion of their


Wärtsilä to Launch Sea-Master at SMM

Set to launch at SMM 2016 in Hamburg September 6-9, 2016, the new Wärtsilä Sea-Master system uses digital technology to monitor shaft bearings and seals to help customers maximize uptime and lower lifecycle costs of vessel shaft lines.  


Siemens Supplies Propulsion for Saga Cruises Newbuild

Image: Saga Cruises

 Siemens announced it has been awarded a contract to equip the first new build cruise liner for the British based operator Saga Cruises under contract to Meyer Werft in Papenburg.   The awarded package includes a SISHIP eSiPOD propulsion system as well as a power and distribution plant


Klaus Andreasen Joins the Bawat Team

Bawat has hired Klaus Andreasen as Senior Sales Manager effective as of September 1, 2016. He will be the new man in charge of Bawat’s sales department and will be the customer’s primary contact.   Andreasen has several years of experience from Alfa Laval


De Nora BWTS in Brokerage Agreement with MARCAS

BALPURE (Photo: De Nora)

Electrochemical technologies firm De Nora has announced a brokerage agreement with MARCAS, a buying group for the maritime industry. The deal means that MARCAS members representing close to 1,700 vessels can access aggregate purchasing deals with De Nora for its BALPURE ballast water






 
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