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.
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 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 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 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.
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
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.
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
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
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.
Dubai-based Gulf Ship Management, a wholly owned subsidiary of Gulf Navigation Holding, announced on Tuesday a recent tie up with Switzerland’s SeaQuest Group to set up a ship management joint venture and expand operations in the region.
SCA’s Matt Paxton weighs in on the state of domestic shipbuilding – workboat building & everything in between. As President of the Shipbuilders Council of America, the national trade association representing the U.S. shipyard industrial base
Diana Shipping has taken delivery of the m/v San Francisco (formerly Hull No. H2548) and the m/v Newport News (formerly Hull No. H2549), two new building Newcastlemax dry bulk vessels that were contracted in May 2013. The m/v San Francisco has been time chartered to Koch
Eastern Shipbuilding Group, Inc. delivered the M/V CAPT. RICKY TORRES (Hull 194) on October 11, 2016, and the M/V CULLEN PASENTINE (Hull 195) on December 28, 2016; the 64th and the 65th 90’ Inland Towboat to Florida Marine Transporters, LLC of Mandeville, LA
Meercat Workboats yesterday moved from Portchester to new, purpose built premises in Hythe Marine Park, Southampton, UK. To coincide with the move the company’s management team has been restructured, two new vessels have been delivered and one new order confirmed.
Evac Group, the world’s leading provider of integrated waste, wastewater, and water management systems for the marine, offshore, and building industries, has acquired Uson Marine. The acquisition is expected to increase Evac’s market share in dry and wet waste management systems
Making its debut at the International WorkBoat Show, the new TITAN Line from Radio Zeeland DMP can be connected either to a network or to a wired system and provides wider flexibility and customization with the ability to have a combined digital or analogue display unit within the same panel
A Joint Venture comprising The Shipping Corporation of India Ltd. (SCI), Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines, Ltd. (MOL), Kawasaki Kisen Kaisha, Ltd. (“K” Line), and Petronet LNG Ltd (PLL), have taken delivery of a new build Liquefied Natural Gas (LNG) carrier MT
Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, “Hull No. H2548” (to be named “San Francisco”)
NextDecade Global Solutions, a subsidiary of NextDecade, LLC, and FLEX LNG have signed a Heads of Agreement (HOA) to create a full value chain solution for customers looking to purchase LNG from NextDecade’s Rio Grande LNG export project in Brownsville, TX.
Niron Staal, part of Damen Shipyards Group, has performed a keel-laying ceremony of the hull of a passenger ferry. On completion, Damen Shipyards Hardinxveld will carry out the final outfitting work of the 5212 RoPax for an African client.
GulfNav has marked another milestone by entering into strategic alliances with MENA ENERGY. The strategic alliances for mutual co-operation in ship acquisition, chartering and commercial management aims to set out a platform for the parties to have an enhanced commercial
Terragon Environmental Technologies Inc. and Marship Engineering entered into a contract with Zhejiang Ouhua Shipbuilding China to supply a MAGS V8 for the new build vessel mv Happy Sun of Netherlands based BigLift Shipping (a member of the Spliethoff Group)
Britain’s largest independent ship repairer and marine engineering services provider Burgess Marine has improved its service offering by obtaining third party accreditation to CE Mark structural steel and aluminium fabrications, and by signing a framework agreement with design firm Houlder
Euroseas Ltd., Greek owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced that it took delivery of the M/V RT Dagr, a 1,645 teu feeder containership built in 1998.