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New Building

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, a term loan facility with Nordea Bank Finland Plc, London Branch, and has completed the drawdown of US$20-million. The purpose of this facility is to partially finance the acquisition costs of the two newly built Post-Panamax dry bulk carriers, the m/v "Amphitrite" and m/v "Polymnia", which were delivered to the Company on August 14, 2012 and November 20, 2012, respectively. Including the "Myrto", Diana Shipping Inc.'s fleet currently consists of 31 dry bulk carriers (17 Panamax, 1 Kamsarmax, 3 Post-Panamax, 8 Capesize and 2 Newcastlemax), as well as 2 new-building Ice Class Panamax vessels expected to be delivered to the Company during the fourth quarter of 2013  


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


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.


G E Shipping Takes Delivery of Kamsarmax Dry Bulk Carrier

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The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Kamsarmax dry bulk carrier “Jag Aditi”. The vessel of about 80,700 dwt was built at STX Offshore & Shipbuilding Co.Ltd, South Korea. With the induction of “Jag Aditi”, the Company’s fleet stands at 35 vessels, comprising 27 tankers (10 crude carriers, 16 product tankers, 1 LPG carrier) and 8 (1 Capesize, 2 Kamsarmax, 1 Panamax, 3 Supramax


Golar LNG Secures Charters for Carrier Duo

Golar Arctic

  Golar LNG announced today that it has been awarded 2 time charters by Nigeria LNG Ltd ("NLNG") to employ the recently delivered Golar Frost and Golar Crystal. Employment of both vessels under these contracts will commence in January 2015 and will continue for a duration of approximately 12 months for each vessel. NLNG has elected to retire earlier than planned 3 of its smaller and less efficient LNG Carriers and to replace these with Golar's more modern and technically


TechnoFibre Moves into New Building

TechnoFibre of Singapore has moved into a new building on its existing location in Jurong, Singapore. Its new boat yard boasts a 10,000 sq. ft. covered workshop and a storage yard of 20,000 sq. ft. It has also developed its waterfront berthing area to facilitate the testing of lifeboats, such as speed, drop and water spray testing. Its waterfront boat yard allows the larger Tendor lifeboats workboats from cruise and naval vessels to be landed ashore for repairs and maintenance


Technip Continues Plan to Rebuild Fleet

Technip has reached several new milestones in relation to its strategy to renew and develop the Group’s subsea construction fleet. Technip has signed agreements with Norwegian ship owner, DOF, which provide commitments with respect to two of its new build vessels. First, Technip is teaming up with DOFCON, a subsidiary of DOF, for the joint ownership and management of its new build DP III DSV. This vessel will be mostly dedicated to the support of the Statoil frame agreement signed with


SEVSAT for Entire Varada Marine OSV Fleet

Photo courtesy Strike Zone Communications

Ship Equip announced a contract with Varada Marine to install its SEVSAT (Ship Equip VSAT) maritime broadband solution on the company’s entire fleet of Offshore Supply Vessels. Varada Marine, a company with its head office in Kristiansand, Norway, has announced an extensive new building program at ABG Shipyard Ltd in India.  Deliveries of SEVSAT systems will commence in step with the new building program, with the first system already delivered to the yard.   


VT Halter Marine’s Dry Dock Arrives in Pascagoula

Floating Dry Dock transported by a heavy lift vessel from the Philippines arrives in Pascagoula (Photo: VT Halter Marine)

VT Halter Marine Inc, a subsidiary of VT Systems Inc., announced the arrival of a 12,000 MT Floating Dry Dock transported by a heavy lift vessel from the Philippines. The dock dimensions are LOA- 546 FT x B 128.5 FT x D 46 FT. The dry dock is part of an overall expansion plan to the south yard in Pascagoula where VT Halter Marine is adding a repair facility for semi-submersible drilling rigs and Panamax-size ships.


Petronas, HHI Novation Agreement with MISC

LNG Ship Puteri Firus (Image by MISC Bhd )

 Malaysia’s MISC Bhd and parent Petroliam Nasional Bhd (Petronas) have agreed to build new liquefied natural gas (LNG) carriers worth US$1.1 billion and charter them to another unit owned by the national oil and gas company for up to 20 years.   


Netwave's NW-6000 VDR Receives Type Approval Certification

  Netwaves NW-6000 Voyage Data Recorder (Photo courtesy of Netwave)

Netwave has received a Type Approval Certificate from BSH in Hamburg for its new NW-6000 Voyage Data Recorder (VDR). The NW-6000 is certified against MSC 333 (90) and can be installed onboard vessels which require a new VDR. “We have already received a large amount of orders in advance of


Keels Laid for Two Aluminum OSVs

Image: Triangle Marine Services

Triangle Marine Services and Marine Core & Charter host keel laying ceremony for two Aluminum Fast Offshore Support Vessels   UAE-based shipbuilder Triangle Marine Services has laid the keels of two new 45-meter Aluminum Fast Offshore Support Vessels


Conrad Shipyard Bags LNG Order

Image: Conrad Shipyard

 Energy infrastructure and LNG solutions provider WesPac Midstream and its subsidiary Clean Marine Energy (CME) have awarded a contract to Conrad Orange Shipyard for the construction of a dedicated LNG bunker barge for the marine market in North America.  


China Exim Bank, SWS Sign $312m Financing Deal

Picture Courtesy: Shanghai Waigaoqiao Shipbuilding

Shanghai Waigaoqiao Shipbuilding  (SWS), a  yard owned by the industrial conglomerate China State Shipbuilding Corp (CSSC), has secured a US$312million loan from the Export-Import Bank of China to build three 18,000 teu containerships. 


Imabari Bags Order for 11 ULCCs

CONTAINER CARRIER COURTESY Imabari Shipbuilding

  Imabari Shipbuilding Co., Ltd. (Imabari), with the cooperation of Marubeni Corporation, has secured newbuilding order for eleven (11) units of 20,000TEU Ultra-Large Container Carriers, the largest type container carriers in the world as of today.


Giant Ships to Rule World Seas

CSCL (Image: China Shipping Container Lines)

Megaships and large container ships are going to dominate the oceans calling for bigger changes in the shipping and port industry.   Reflect on recent news: Evergreen Group, one of Taiwan’s leading transport conglomerates, has agreed to charter 11 large ships as part of its


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.    


Eastern Shipbuilding Delivers TY Dolese

Eastern Shipbuilding Group, Inc. is pleased to announce the recent delivery of the TY DOLESE towboat

  During the 2014/2015 Holiday Season, Eastern Shipbuilding Group, Inc. delivered the M/V TY DOLESE (Hull 189) the 59th 90’ Inland Towboat to Florida Marine Transporters, Inc. of Mandeville, LA. for its ongoing new build program


Sea Trials Show Air Lubrication Delivers Energy Savings

Silverstream Technologies and Shell announced the sea trial of Silverstream Technologies’ new air lubrication technology for ships, the Silverstream System. The sea trials, independently verified by Lloyds Register Ship Performance Team


Daewoo Shipbuilding Bags Order for LNG Carrier

Image: Daewoo Shipbuilding & Marine Engineering

Daewoo Shipbuilding & Marine Engineering, the world’s second-largest shipbuilder, signed a $100 million contract to build an LNG carrier. It has now signed five deals this year, worth about $1 billion in total. The company declined to reveal the name of its partner.


ASL Marine's Profits Plummet

Picture: ASL Marine Holdings

 Singapore-based ASL Marine's profits for the second quarter ended 31 December 2014 dived 78.4% year-on-year to SGD1.432 million (USD1.05 million).  Revenue also plunged 86% year-on-year to SGD47.44m due mainly to a revenue reversal of SGD95m recognized in the previous financial years


TS Lines Seeks to Restart Shipbuilding Plan

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T.S. Lines, Taiwan's fourth largest container carrier, is seeking to restart its dormant shipbuilding plan in 2015, the company announced Monday. In 2011, the company suspended a plan to order four 1,800 teu and four 4,700 teu box ships due to the  belief that new building prices would


Hamburg Buy Out Chilean Shipper

Pic: Hamburg Sud

 German liner company Hamburg Sud said it expects to seal the acquisition of the container shipping operations of Chilean shipping group Compania Chilena de Navegacion Interoceanica [CCNI] by the end of March.   Earlier, Hamburg Süd has confirmed the long-awaited signing of its


Songa Offshore Sees Tough Year but Narrows Losses

Q4 operating loss $6.8 mln, against expected $7.3 mln loss. Norwegian rig company Songa Offshore expects a challenging 2015 amid fierce competition for fewer contracts despite reporting a slightly better than expected fourth-quarter operating loss on Friday.






 
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