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China Shipping Charters Diana Panamax

Calipso. Photo by Diana Shipping

 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. The gross charter rate is US$6,000 per day, minus a 5% commission paid to third parties, for a period of minimum ten (10) months to maximum fourteen (14) months.     Diana Shipping Inc.'s fleet currently consists of 41 dry bulk vessels (2 Newcastlemax, 12 Capesize, 3 Post-Panamax, 4 Kamsarmax and 20 Panamax).    The Company also expects to take delivery of one new-building Capesize dry bulk vessel during August 2015, and two new-building Newcastlemax dry bulk vessels and one new-building Kamsarmax dry bulk vessel during the second quarter of 2016.    As of today, the combined carrying capacity of the Company's fleet, excluding the four vessels not yet delivered, is approximately 4.7 million dwt with a weighted average age of 7.17 years.   Calipso was previously employed on a two-year timecharter to Cargill, which was fixed at a rate of $8,100 per day on July 1, 2013.  


Wärtsilä Opens New Office in Denmark

Wärtsilä celebrates the inauguration of new office and workshop premises in Hirtshals, Denmark. Over the past year Wärtsilä has invested almost $2.6m in the new building. The office in Hirtshals offers a complete range of services for power plant and ship power sales.The new building has 1200 m2 of office space and a further 400 m2 reserved for the workshop and warehouse. Wärtsilä also has offices in Arden and in Copenhagen in Denmark.


Transgrain Charters Diana Panamax Bulker

m.v. Clio

  Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that on July 8, 2015, through a separate wholly-owned subsidiary, it entered into a time charter contract with Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Clio. However, due to delays caused by unscheduled repairs to the vessel, the charter agreement was concluded earlier today


Tidewater To Build 12 New Vessels

Tidewater Inc. signed contracts to build a total of 12 new vessels for $305 million, electing to build eight vessels at two Far East shipyards and four at its subsidiary, Quality Shipyard L.L.C. The $305 million in new build commitments - which fulfills its January 2000-announced plan to spend $300 million upgrading its fleet - falls on the heels of Tidewater's recent purchase of eight similar vessels from The Sanko Steamship Co., Ltd.


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.   


Container Ship Trading Dips 20%

The ratio of container TEU capacity on-order compared to the trading fleet dropped below 20% in June, reports Braemar Seascope. The broker advises that, as the container industry is expected to take delivery of record volumes of TEU capacity this year, the order book to trading ratio has eroded to approximately 20% in June 2013. Jonathan Roach, Container Market Analyst at Braemar Seascope, said, “With more than 1


Brooklyn Shipping Installs Marine Software on Latest Newbuild

Image courtesy Marine Software Ltd

U.K based Marine Software Ltd have recently supplied Brooklyn Shipping, a SeaHold GEOSHIPS Group Company with MPM - Marine Planned Maintenance , MSK - Marine Storekeeper and the MPS – Marine Purchasing system for their latest new build Vessel "Loch Erisort" (DWT 2,900) and their Aberdeen Office. Built in the Tebma Shipyard, India, this Wartsila VS 470 MPOVMk III design vessel is initially intended for Far East operations working within the ROV and renewables markets


Tanker Orders Will Not Be Cancelled

According to a report from Emirates Business 24/7, existing new-build programs in the tanker sector of the shipping industry are expected to go ahead with no fear of cancellations despite the current slowdown in the industry's performance, said a senior executive. While ship orders in other sectors have suffered from unprecedented cancellations due to financial constraints, the relatively stronger position of the tanker sector has helped to prevent a similar trend.


Danaos Takes Delivery of Fifth New Containership

Greece's Danaos Corporation has  completed its new-building program with the delivery of a fifth & final 13,100 TEU vessel Danaos Corporation, containership owners, announced that on June 29, 2012, it took delivery of its fifth and final 13,100 containership, the HYUNDAI AMBITION, expanding its operational fleet to a total of 64 containerships aggregating 363,049 TEU. The HYUNDAI AMBITION, built at Hyundai Samho Heavy Industries Co


Dockwise Vanguard Books Second Journey

Dockwise announced its second project for the new-build vessel Dockwise Vanguard. Directly following the transportation of the Jack & St. Malo platform to the Gulf of Mexico in 2013, the Dockwise Vanguard will return to Korea to load and transport the Goliat floating, production, storage and offloading vessel [FPSO] to northern Norway. The investment decision for the construction of the Dockwise Vanguard has facilitated technical optimization of the production platform


Zamakona Builds Tuna Vessel for Echebastar

Photo: Zamakona Yards

 Zamakona Yards informs its Astilleros Zamakona shipyard will deliver new build EuskadiI Alai, the third tuna freezer vessel ordered by the Echebastar Group to the Bermeo Group Echebastar on Saturday at the maritime cruise station in Getxo, Port of Bilbao.  


Eastern Shipbuilding Delivers Rena Marie

MV RENA MARIE (Hull 191)

Eastern Shipbuilding Group, Inc. delivered the M/V Rena Marie (Hull 191), the 61st 90-foot inland towboat to Florida Marine Transporters, Inc. (FMT) of Mandeville, La., continuing its ongoing new build program. Florida Marine Transporters, Inc


Cosco Xiamen Orders Aluminum Fast Ferry

Rendering of the Coastal Cruiser 322 aluminum fast ferry for Cosco Xiamen (Image: CoCo Yachts)

CoCo Yachts and AFAI Southern Shipyard Guangzhou Panyu ltd have been awarded a new building contract with Cosco Xiamen for a Coastal Cruiser 322 aluminum fast ferry.    The newly built Coastal Cruiser 322 will replace Cosco Xiamen’s current fast ferry with on the passenger


Crystal Cruises Plans for Expansion

Image: Crystal Cruises

Crystal Cruises announced an expansion plan under new owners Genting Hong Kong that includes three 1,000-passenger vessels, its first new ships in decades. Plus, Crystal will expand into adventure, yacht and river cruising, and luxury jet trips.  


SINOPACIFIC Wins Bid for 9 AHTS

Mr. Dagher Al Marar, CEO of ESNAAD and Mr. Simon Liang, Chairman and CEO of Sinopacific Shipbuilding Group at signing ceremony

  SINOPACIFIC Shipbuilding Group was recently successful in winning the bid for the construction of 9 AHTS vessels for Abu Dhabi National Oil Company (ADNOC) and its wholly-owned subsidiary, ESNAAD. ADNOC firstly launched bids for this new-building project in 2013 and then handed it over


Nakilat H1 Profit Up 10 pct

Photo: Qatar Gas Transport Co Ltd (Nakilat)

 Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, has registered a half yearly net profit of $135 million (QR490.2mn), up 10% on the same period last year.   The healthy financial results reflect “Nakilat’s strategic development


NBKB Surveys for Inland Vessels

Photo: BMT Group

Jaco Osseweijer of Verweij & Hoebee, a subsidiary of BMT Group, is an expert on inland navigation vessels. As Chairman of the technical committee of the Netherlands Bureau for Inspections of inland navigation vessels (NBKB) he is involved in the mandatory inspection regime for these vessels


N-KOM Records Safety Milestone

N-KOM and GDI management and project teams pictured together to celebrate the achievement of 1 million safe man-hours on the liftboat new-building project. (Photo: N-KOM)

Nakilat-Keppel Offshore & Marine (N-KOM) informs it has achieved its first safety milestone on its liftboat new building project, with the successful completion of one million safe man-hours without any lost-time-incidents (LTIs). The self-propelled and elevating lift boat is being constructed


Wartsila to Equip Giant Dredger

Mr Roger Holm, Senior Vice President, Wärtsilä Engines (left) and Mr Wang Haihuai, Vice President CCCC (right) at the signing ceremony of the long term strategic cooperation agreement

  A contract has been signed with the Tianjin Dredging Company, part of the China Communication Construction Company (CCCC) and the recently founded Dredging Group, under which Wärtsilä will supply the engines and all essential ancillaries for a new self-propelled cutter dredger


Diana Finds Work for Panamax Duo

Dianas Panamax

  Diana Shipping Inc., today informed that through a separate wholly-owned subsidiary, it entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Naias. The gross charter rate is US$6,800 per day minus a 4


Eastern Shipbuilding Bags Four Z-drive Tugs Order

z-drive tractor - ASD tugs

  Bay-Houston Towing Co. announced it has contracted with Eastern Shipbuilding in Panama City, Florida to build four new z-drive tractor/ASD tugs. The new tugs will utilize the popular and proven Z-Tech 2400 series designed by naval architect Robert Allen


New Rescue Vessel Marks Milestone for Craig Group

L to R: Grampian Devotion Master, Malcolm Trott, with Craig Group chairman and managing director, Douglas Craig, and North Star Shipping managing director, Callum Bruce.

North Star Shipping has reinforced its fleet of next generation vessels after taking delivery of its new ERRV, the Grampian Devotion, in Aberdeen.   The latest vessel represents the eighth and final D-class IMT-950 Emergency Response and Rescue vessels (ERRVs) that the company has had


Container Ship Industry ‘Lucky to Break Even' in 2015,

Image: Maersk Line

 Global shipping consultancy Drewry predicts the container ship industry will be "lucky to break even this year" as shipping rates slump due to catastrophic overcapacity.   A toxic mixture of overcapacity, weak demand and aggressive commercial pricing is threatening liner


Fugro Americas Completes Maiden Voyage

Fugro Americas

  On June 11th, 2015, Fugro’s premier geophysical survey vessel, the Fugro Americas, successfully completed data collection for a geochemical coring campaign in the Caribbean. The project marks the maiden voyage of the new-build vessel.


Dry Bulk Market Crisis: Opportunity or Threat?

File photo

The shipping industry is experiencing the biggest dry bulk market recession since the 1980s, as uncertain global economic outlook and increased imbalance between supply and demand have lead to historically low freight rates .It seems the downturn will continue until 2017 if a viable equilibrium is






 
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