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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.  


Diana Shipping Announces Time Charter Contract for Protefs with Transgrain

M/v Protefs. Photo: Diana Shipping Inc

 Diana Shipping has  chartered the 73,630 dwt, 2004-built panamax, Protefs to Transgrain shipping for 12 – 16 months at a rate of $4,500 per day minus 5% commission.   This employment is anticipated to generate approximately US$1.55 million of gross revenue for the minimum scheduled period of the time charter.   Diana Shipping Inc.’s fleet currently consists of 43 dry bulk vessels (2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 20 Panamax)


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.


Diana Shipping Fixes Panamax

Photo Diana Shipping

  Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, 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 Alcyon. The gross charter rate is US$7,600 per day minus a 5% commission paid to third parties, for a period of minimum eight (8) months to maximum eleven (11) months


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.   


Diana Acquires Panamax Bulker

Courtesy Diana Shipping

Diana Shipping Inc. today announced that through a separate wholly-owned subsidiary, it has taken delivery of the m/v Selina (formerly “Sunshine”), a 2010 built Panamax dry bulk vessel of 75,700 dwt that the Company entered into an agreement to purchase in February 2016. As previously announced, the Company signed, through two separate wholly-owned subsidiaries, a term sheet with ABN AMRO Bank N.V. for a term loan facility of up to US$25


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


Diana Shipping Time Charter Contract for Seattle with SwissMarine

M/V Seattle. Photo: Diana Shipping Inc

 Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,  has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Seattle.    The gross charter rate is US$7,300 per day minus a 4.75% commission paid to third parties, for a period of about eleven (11) months to maximum fourteen (14) months


New Crane Orders for Huisman

illustration of the 5,000mt Allseas Tub Crane

Huisman has secured new crane contracts with a total value of around 300 million Euro from various major offshore, shipping and wind farm installation contractors: •    2 x 900mt Heavy Lift Mast Cranes for BigLift Shipping;


Grand Bahama Shipyard Adds Four Executives

Ian Edward Ross (Photo: GBSL)

Grand Bahama Shipyard Limited (GBSL), a Caribbean shipyard providing retrofit, refurbishment and revitalization to cruise and commercial vessels, has added four new positions to its executive team in 2016.   Taking up the new executive positions are Ian Edward Ross, Don Keirce


Pakistan Mulls Second LNG Import Terminal

BW LNG. Photo:  BW Group

 BW Group (BW) has signed a 15-year agreement with Pakistan GasPort Limited (PGPL) to provide LNG regasification services utilizing a new-build Floating Storage and Regasification Unit (FSRU) for the second Pakistan LNG terminal.  


Meyer Turku Cuts Steel for New Mein Schiff

Courtesy MEYER WERFT

The production of a new generation of Mein Schiff ships started today at Meyer Turku shipyard, Finland, with the steel cutting ceremony.  The new Mein Schiff 1, NB-1392, will be around 20 meters longer than the previous Mein Schiff ships and will have space for additional 180 cabins.  


TEN Delivers Aframax Tanker

Image: Daewoo Mangalia Heavy Industries

 Tsakos Energy Navigation (TEN Ltd) has announced the delivery of the Aframax crude tanker "Thomas Zafiras" from Daewoo Mangalia Heavy Industries which will immediately enter a long term contract to a Northern European charterer that could generate gross revenues in excess of $100


Damen Upshifts in Turkey

Photo: Damen

Damen Shipyards Antalya has secured ISO 9001, ISO 14001 and OHSAS 18001 certification, an achievement that coincides with a period of rapid expansion that has seen the addition of three new production halls within the space of two years.  


Diana Enters Time Charter Contract With Glencore

MV Ismene. Photo: Diana Shipping

 Greek dry bulk ship owner Diana Shipping announced it entered into a time charter contract with Glencore Grain B.V., Rotterdam for one of its Panamax dry bulk vessels.   The vessel in question is the 77,901 dwt MV Ismene, which was hired at a gross charter rate of $ 5,850 per day


First ISDS for DNV GL Classed Ocean Greatwhite

Ocean Greatwhite is 123 metres long and 78 metres wide and was delivered at Hyundai Heavy Industries in Ulsan, South Korea. Credit HHI

DNV GL has welcomed the world’s largest semi-submersible drilling rig into class recently. Ocean Greatwhite is 123 metres long and 78 metres wide and was delivered at Hyundai Heavy Industries in Ulsan, South Korea. Owned by the Houston-based drilling contractor Diamond Offshore


Two High-tech SSCVs Ordered in China

OOS Serooskerke rendering (Image: OOS International)

Holding OOS International Group B.V. confirms it has signed a fixed contract for the engineering and construction of two new build Semi-Submersible Crane Vessels (SSCV) with China Merchant Industry Holdings, a fully owned subsidiary of the China Merchant Group.  


GE Shipping Takes Delivery of a New Building Resale Kamsarmax

Photo: Great Eastern Shipping Company Limited

 Great Eastern Shipping Company (GE Shipping) took delivery of a new building resale Kamsarmax Dry Bulk Carrier ‘Jag Aalok’ of about 82023 dwt.    According to a report in the Livement,  the company had contracted to buy the ship in April 2016


India Govt, Cochin Shipyard Pact on FY17 Growth Targets

Image: Cochin Shipyard Ltd

 Cochin Shipyard Limited (CSL) has entered into a Memorandum of Understanding (MoU)  with the government of India for the ongoing fiscal under which targets agreed are in line with aggressive growth plans of the public sector firm.  


PGS Revenue Slumps

Jon Erik Reinhardsen, President and Chief Executive Officer Photo Courtesy PGS

Petroleum Geo-Services ASA reported revenue fall in their recently released Second Quarter and First Half 2016 Results. It logged a healthy MultiClient Sales and continues to undertake cost reductions.   Highlights Q2 2016   * Revenues of $183.0 million, compared to $255


Energy Efficiency is Impacted by Choices Made Throughout a Vessel’s Lifecycle

Pic: Wärtsilä Corporation

 Investments in energy efficiency improvements offer cruise and ferry and merchant vessel operators an opportunity to reduce operating costs and emissions while building a more sustainable brand image, says Wärtsilä Corporation.  


Global Tonnage Continues to Grow

Image: Gard

 2015 saw further growth in total Group entered tonnage, which increased from 1,047 billion GT as at August 2014 to 1,088 billion GT as at August 2015, says annual review of International Group P&I Clubs (IGP&I) published by Gard on July 14, 2016.  


Vigor Delivers ATB Tug to Harley Marine

Dale R Lindsey (Photo: Vigor)

Vigor’s Seattle shipyard recently delivered a 95’ x 38’ x 16’, 3,000 hp ATB Twin Screw Tug, Dale R Lindsey, to Harley Marine Services Inc.   Designed by Elliot Bay Design Group for primary operation in Alaska, the ATB tug utilizes an Articouple FRM-43M coupler system






 
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