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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


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


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.


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.


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 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


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.


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


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).


Diana Shipping Contract for m/v Oceanis With Nidera

M/v Oceanis. Photo: Diana Shipping Inc.

 Diana Shipping Inc.  has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Nidera S.P.A., Roma, for one of its Panamax dry bulk vessels, the m/v Oceanis.    The gross charter rate is US$5,200 per day


Diana Shipping Enters Contract with SwissMarine

Crystalia. Photo: Diana Shipping Inc.

 Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia.    The gross charter rate is US$6,250 per day


BigLift Shipping Expands Heavy Lift Fleet

Happy Star (Photo: BigLift Shipping)

BigLift Shipping said it has ordered a third Happy S-type vessel. The new build vessel, to be named Happy Sun, will be identical to BigLift’s Happy Star and will be built by Ouhua Shipbuilding in Zhoushan, China. The new vessel is expected for delivery in the first quarter of 2018.  


Merger: Survitec Joins Forces with WMS

 Survitec Group announced a transformational deal with the Marine Safety business of Wilhelmsen Maritime Services AS (WMS), in which WMS will transfer into Survitec all related safety products and services, including Wilhelmsen Technical Solutions


First Damen Tug for Bugsier

DAMEN-ASD-2411 Courtesy Damen

Bugsier, the German towage and maritime service provider, has boosted its already extensive fleet with the addition of a Damen ASD 2411 tug. The tug represents the first purchase of a Damen vessel for Bugsier. Bugsier holds an established position in the German maritime sector: the company is


Austal Bags Contracts for Three Passenger Ferries

The 50m high speed catamaran to be built by Austal Philippines for Seaspovill. (Design Incat Crowther) Image by Austal Limited

Austal Limited announced securing two new contracts for three commercial passenger ferries with a total value of approximately AU$30million. Firstly, Austal has been awarded a contract for the construction of a 50 meter high speed passenger catamaran for Seaspovill Co


Mein Schiff 5 delivered to TUI Cruises Ahead of Schedule

MS5 Floatout Photo Meyer Turku shipyard

Today, ten days ahead of schedule, TUI Cruises took delivery of Mein Schiff 5 from the Meyer Turku shipyard. Wybcke Meier and Frank Kuhlmann, CEO and CFO of TUI Cruises, together with Dr. Jan Meyer, CEO of Meyer Turku Oy shipyard, marked the occasion with invited guests at the handing-over ceremony


Diana Shipping Contract for Thetis

M/v Thetis. Photo: Diana Shipping Inc

 Diana Shipping Inc. through a separate wholly-owned subsidiary, has entered into a time charter contract with Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Thetis.    The gross charter rate is US$5,150 per day


Safety Boost with ABS Guidance for Developing Processes, Procedures

New guidance answers industry demand for help in creating, implementing, and maintaining safe and effective technical instructions. Photo ABS

ABS has published the ABS Guidance Notes on the Development of Procedures and Technical Manuals, providing clients with best practice methodologies for developing instructional materials. “Input from ABS clients and maritime industry groups along with data gathered through the ABS Mariner


Damen Sharjah wins Best Yard Award

Presenting the Best New Building Yard Award Courtesy Damen

On 29 May at the presentation ceremony for the International Maritime Awards, held at the two-day Shiptek 2016 conference in Dubai, Damen Shipyards Sharjah (DSSh) received the prize for Best New Building Yard. The trophy was accepted at the ceremony by DSSh managing director Lars Seistrup.


Damen Starts Building Two Transshipment Crane Barges

DAMEN Transshipment Crane Barge for Agribulk handling Photo Damen

Damen has commenced construction of two identical Crane Barge 6324 vessels. Designed as a particularly cost effective transshipment platform, the barges are being built on a speculative basis in response to client demands to ensure short delivery times.


Esvagt Deepens Relationship with Hess

ESVAGT vessel to perform additional tasks for Hess at the South Arne field Photo Esvagt

Purpose built ESVAGT vessel to perform additional tasks for Hess at the South Arne field.   ESVAGT and Hess, who have collaborated at the South Arne field for 17 years, have agreed to extend their relationship for an additional twelve years.  


ASRY Launches Bahrain Coast Guard Landing Craft

Photo: ASRY

ASRY has launched a new Landing Craft being constructed for the Bahrain Coast Guard (BCG), marking the latest checkpoint for the fully Bahrain-based project. The launch took place at ASRY in the Arabian Gulf in the presence of BCG Brigadier Ala Abdulla Seyadi


Bibby Steers to Offshore Cable Installation

Mike Wilson, Managing Director of Ecosse Subsea Systems Limited & Fraser Moonie, Chief Operating Officer of Bibby Offshore (Photo: Bibby Offshore)

Bibby Offshore announced its decision to move into the offshore wind array cable installation market. The company has purchased a power cable lay carousel from Ecosse Subsea Systems (ESS), which will enable Bibby Offshore to lay power cables for offshore wind projects from its vessels


Partners Target Improved Maritime Efficiency

Left to right: Nirmala Maharaj, David Ramjohn, Kevin Ramnarine, Dr. Zaffar Khan, Prof. Miguel Carrillo, Wilfred de Gannes, Michael Burke, Lucyann Henry, Capt. Tore Torsteinson and Stephanie Lezama-Rogers.(Photo: TTSR)

On May 25, 2016, The University of the West Indies Arthur Lok Jack Graduate School of Business (UWI-ALJGSB) together with the Trinidad and Tobago Shipbuilding & Repair Maritime Cluster (TTSR) signed a Memorandum of Understanding to undertake maritime project initiatives involving research






 
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