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
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.
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 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.
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
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
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
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.
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
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.
Greeks, perhaps more than any other people in the world, have been mariners without interruption throughout history. At 100 years old, JRC has a long maritime history in the field of marine electronics, something that the shipping nation of Greece recognizes now more than ever
Caterpillar Marine has announced Cat power solutions have been selected to power 16 new build Patrol Boats for the Republic of Korea Navy (ROKN). Each Patrol Boat will be equipped with two Cat C32 main propulsion diesel engines and two Cat C9 ship service diesel generators
Fred van Beers, the newly appointed CEO for Blohm+Voss, unveil details of an aggressive new investment plan in the superyacht sector. Over the next year, the company is restructuring some independent divisions under the same roof
The sale of a new 69-metre Yacht Support vessel marks the next level of development for the successful Yacht Support range built by DAMEN in cooperation with Dutch luxury yacht builder AMELS. The new SEA AXE 6911 is the first in the Yacht Support range to feature the ultimate technical
Bestobell Marine has secured two new contracts with Chinese shipyards. The first contract will see the company supply cryogenic valves to the Guangzhou Shipyard International, China for use in a new ferry’s LNG fuel gas system
Wärtsilä has signed a manufacturing license agreement with COSCO (Weihai) Shipbuilding Marine Technology Company Limited (WECOSCO) based in Weihai, China. The two-way agreement provides COSCO with access to technology and the rights to manufacture the Wärtsilä Aquarius Electro
Maersk Line announced it has today ordered 11 new ultra-large second generation Triple-E containerships from Daewoo Shipbuilding & Marine Engineering (DSME). Ordered to replace smaller, less efficient ships in the Maersk Line fleet
The process of efficiently lifting and moving boats on land is an age-old conundrum. While ‘US Hoists’ is a relatively new name in the boat lift sector, in reality it blends more than four decades of boat lift experience with some of the most modern
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Kamsarmax dry bulk carrier "Jag Arnav". The vessel of about 81,600 dwt was built at Tsuneishi Heavy Industries (Cebu) Inc., Philippines.
TSHD 2500 Barito Equator first of its kind built in Indonesia. The delivery in early May of Trailing Suction Hopper Dredger (TSHD) Barito Equator demonstrates how Indonesia’s developing maritime industry is building ever more complex vessels, according to shipbuilder Damen
Diana Shipping has entered into a time charter contract with Hong Kong - based China Shipping Bulk Carrier, for one of its Panamax dry bulk vessels, the m/v Calipso. The "Calipso" is a 73,691 dwt Panamax dry bulk vessel built in 2005
Diana Shipping Inc. specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Leto
Carnival Corporation & plc, Meyer Werft and Meyer Turku today announced a multi-billion Euro contract for four 180,000 gross ton large next-generation cruise ships. The ships will feature a revolutionary “green cruising” design and will be the first-ever cruise ships
NORDANA Project and Chartering (NPC) and Rickmers (Japan) Inc. announced jointly that Rickmers (Japan) Inc. was nominated as sole General Agent of NORDANA Project and Chartering in Japan effective from June 15, 2015. NORDANA’s name is taken from its NORwegian and DANish background
Carnival Corporation has signed a multi-billion dollar contract to build four next-generation cruise ships with the largest guest capacity in the world. The four new ships will be the cruise industry's largest yet—but only in head count, not in size.