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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.


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.   


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


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


Business Booms at Chesapeake Shipbuilding

According to a report from WTOP.com, Salisbury, Md. based Chesapeake Shipbuilding is planning to build its third new prefabrication facility on its property on the Wicomico River. Company spokesman Charlie Robertson said an old building on the property was torn down August 19 and construction will begin on the new building in a month or two. (Source: WTOP.com)


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.


GNS Launches Free E-Navigation Solutions

At SMM in Hamburg, Germany this week, Global Navigation Solutions (GNS), the maritime services group announces the launch of (i) its new free Essentials package, as well as (ii) an upgrade to the Voyager Planning Station dashboard, and (iii) a new bundle purchasing option. Essentials Package


MN 100: PPG Protective & Marine Coatings

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One PPG Place Pittsburgh, PA 15272 Tel: (412) 492-5200  Email: Marielle.VANDERLINDEN@ppg.com Website: pmc@ppg.com Executive Vice President: Viktor R. Sekmakas Vice President: Timothy M. Knavish The Company: PPG Industries, Inc


China Merchant Boosts Efficiency of VLCCs with Jotun HP

Jotun COSCO Marine Coatings (Qingdao) Co Ltd is a part of the Jotun Group one of the global market leaders within marine coatings including antifouling paint

  China Merchant Energy Shipping Co., Ltd (CMES) will upgrade the antifouling solution on their VLCCs New Builds at Dalian Shipbuilding Industry Co., Ltd. (DSIC) and new subsequent contracts to Jotun Hull Performance Solution (HPS) including SeaQuantum X200.


Seacure Higher Flow-Rate BWTS Certified by BSH

Ballast water discharge: File photo

Evoqua inform that the Federal Maritime and Hydrographic Agency of Germany (Bundesamt für Seeschifffahrt und Hydrographie- BSH), which previously granted the Evoqua SeaCURE Ballast Water Management (BWT) system type approval, has now certified the SeaCURE system to operate in volumes from


Oceanteam Focuses on Mexico Strategy

OSV: Image courtesy of Oceanteam

Oceanteam Shipping ASA releases its Q2 2014 financial report, with extracts as follows: The company says it saw, with its early focus on Mexico, a long term strategy confirmed: its newly founded DOT Shipping partnership with Grupo Diavaz and the subsequent approval of the Mexican Energy Reform


RWE Dea Helps Cleveland Juniors Reach Goals

Jon Burns, Founder and CEO Lionsraw and Steve McClaren (from left) cut the ribbon to open the new clubhouse

  Yesterday, a new club house for the Cleveland Juniors Football Club in Middlesbrough in northern England was officially opened. With support from RWE Dea, the Football Foundation and other sponsors, Lionsraw collected a total of GBP 418


MN 100: Metal Shark Aluminum Boats

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6814 East Admiral Doyle Drive Jeanerette, LA 70544 Telephone: 337-664-0777 E-mail: jstickles@metalsharkboats.com Website:  ww.metalsharkboats.com Owner: Jimmy Gravois President: Christopher Allard Number of Employees: 160 The Company:


Top Marine Vessel Operators Overcome Challenges

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MN 100: McAllister Towing, Edison Chouest Offshore, Interlake Steamship Company, Hornbeck Offshore Services U.S. marine vessel operators have invested in their fleets, adopted new technologies and switched to cleaner burning engines and fuels to stay in business


SevenCs to Unveil 'The Electronic Chart Table'

Routing guide image courtesy of UKHO

Inspired by more than 20 years of ECDIS experience and user feedback from officers all around the world, SevenCs says it is presenting “The Best of Two Worlds” – The Electronic Chart Table. Utilizing a touch screen varying from 46 to 75 inches


New Cruise Terminal Design for Abu Dhabi

Photo courtesy of the Abu Dhabi Ports Company

The concept design of Abu Dhabi’s planned permanent cruise passenger terminal is to be unveiled later this month at European cruise event, Seatrade Med 2014, from September 16-18 in Barcelona. The model is being showcased by Abu Dhabi Ports Company (ADPC) following an international design


Indian Shipbuilding on the Road to Recovery

“Several new building opportunities are likely to come up in the near future as the government plans to shift at least 15% of the cargo transported by road and rail to the coastal and  inland waterways.”

Indian shipbuilders buoyed by a renewed political will, a plan and funding to help the industry recover. It has been a long wait for the 28 shipbuilders in India to finally catch sight of  opportunities to sail back into the better financial waters


DOT Holdings Takes Half-Interest in New OSV

OSV: Image courtesy of Oceanteam

Oceanteam Shipping ASA says that it has secured, through its joint venture DOT Holdings AS, an interest in a new build Offshore Support Vessel, and as a result a 
partnership with Pacific Radiance Ltd., subject to certain conditions subsequent, has been established.


Trojan Marinex BWTS Selected for Damen PSVs

Image: Trojan Marinex

Trojan Marinex announced that Damen Shipyards have selected the Trojan Marinex Ballast Water Treatment (BWT) system for a fleet of Platform Supply Vessels (PSVs) it is building for Atlantic Towing Limited – a Canadian-owned marine transportation company.


PGS Completes Fleet Adjustment

The PGS fleet is the most efficient and flexible in the industry, with a clear focus on safety in all environments.

  Petroleum Geo-Services ASA announced today that it has implemented further steps to streamline operations, reduce cost and capital expenditures and improve cash flow. PGS has stacked, and will consider selling or scrapping, the seismic vessels Pacific Explorer and Nordic Explorer


Marlink VSATs Chosen for UASC Containerships

United Arab Shipping Company (UASC) has selected WaveCall Plus VSAT (Very Small Aperture Terminal) services from Marlink to provide reliable connectivity for its new build fleet of 17 containerships, first vessel due for delivery by the end of 2014.






 
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