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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.


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.   


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


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


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.


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


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


ICOMIA Superyacht Refit Group Welcomes New Member

Icomia.jpg

On Friday, June 6, 2014, German shipyard NCP-Repair Shipyard Šibenik Ltd. joined the ICOMIA Superyacht Refit Group as its 11th member. The International Council of Marine Industry Associations’ (ICOMIA) Superyacht Refit Group represents quality refit, repair and maintenance yards. Working towards maintaining and improving global superyacht quality, the Refit Group follows professional working standards and specified environmental practices.


Carnival Orders New Cruise Ships to Stuff Approx 7,000

Photo: Carnival Corporation & plc

 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.   


JRC Reports ECDIS Success in Greece

Photo: JRC

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 to Power 16 Korean Patrol Boats

Photo courtesy of Caterpillar

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


Aggressive Superyacht Investment Pan for Blohm+Voss

superyatch.jpg

 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


Furuno Debuts Updated Echo Sounder

FE800 (Image: Furuno)

Furuno has introduced a new IMO Echo Sounder, FE800, offering an 8.4-inch Color LCD display with built-in dual-frequency capability. It also features a new system design that provides immediate retrofit capability of older Furuno units, as well as easy installation on new build vessels.  


Bestobell Reports Headway in Chinese Market

Photo: Bestobell

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, COSCO Ink BWMS License Agreement

Photo: Wärtsilä

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 Orders 11 Triple-E Containerships

Søren Skou, CEO of Maersk Line, and Sung-Leep Jung, President and CEO of DSME, at a ceremony at Maersk Line’s headquarters in Copenhagen (Photo courtesy of Maersk)

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


US Hoists: Making the Big Haul, Italian Style

Miami Boat Show 40T display, 2-11 (17) WEB.jpg

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


GE Takes Delivery of New Vessel

Pic: Great Eastern Shipping Company Ltd

 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.  


Largest Damen Hopper Dredger Delivered in Borneo

Trailing Suction Hopper Dredger (Photo: Damen)

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


Unique Group Debuts Seaflex SAVE System

Post installation testing of the SAVE system on the Miss Isle

  Unique Group’s Buoyancy & Ballast division has announced the official launch of an integrated system designed to neutralise the risk to life and possessions from the potential capsize or sinking of smaller vessels. The Seaflex Auto-Inflating Vessel Emergency (SAVE) System is a


Diana Takes a Hit on Charter Extension

mv Leto Photo Marcelo Lopes

  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 Orders Two Ships from Meyer Turku

Photo Carnival Corporation

  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 Nominates Rickmers as General Agent in Japan

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






 
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