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New Dry

Senesco, Caddell Sign Contract for a Dry Dock

Senesco Marine, North Kingstown Rhode Island has signed a contract for the construction of a 120 x 420-ft., 7300 long ton hauling capacity Dry Dock, with Caddell Dry Dock and Repair Company, Inc., of Staten Island, NY. The announcement was made by Senesco Marine, North Kingstown, Rhode Island, Tom Johnson, Vice President Business Development, “We are pleased to announce the contract award by Caddell Dry Docks & Repair Co’s. new dry dock. Steve Kalil, President of Caddell’s stated that after Senesco delivered a new dry dock in July of 2011 it was easy to execute the second new build given the quality and workmanship we experienced throughout the construction.    


Lyon Shipyard Christens New Dry Dock

After more than nine months living part time in Rhode Island, Lyon Shipyard Project Manager Jimmy Yellen will return home with a brand new dry dock. During that time, Yellen oversaw the construction by Senesco Marine of the dry dock for Lyon Shipyard in Norfolk, Va. The dry dock will be used for handling deep draft tugs. It measures 200 ft. long with a 108-ft. beam and is able to handle a capacity of 3,800 long tons. “This dry dock is very important for us at Lyon,” said Yellen


Conrad Completes New Drydock, Outlook Good In 2001

Conrad Industries, founded in 1948, specializes in the construction, conversion and repair of marine vessels for commercial and government customers and the fabrication of modular components of offshore drilling rigs and floating production, storage and off-loading vessels. The company currently operates three shipyards located along the Gulf Coast in Morgan City and Amelia, Louisiana and Orange, Texas. William H. Hidalgo, president and CEO of Conrad said


SENESCO Announces Barge Contract

The Southeastern New England Shipbuilding Corporation (SENESCO) announced today that it has signed a major barge contract for construction of a 171-foot hopper barge that will have a holding capacity of 2,750 cubic yards. Construction has already begun and is expected to be completed this fall. The barge is being built for Disch Construction of Summit, New Jersey who will use the barge to transport dredge spoils. Today’s news coincides with SENESCO’s announcement of a major expansion of


Box Prices Rise for the First Time in 2 Years

Photo: Drewry

Drewry’s latest Container Equipment Insight, exclusive to subscribers of Drewry’s Container Leasing and Container Census reports, saw prices for new dry freight containers increase in the opening months of 2014 for the first time in two years. Standard box prices declined gradually throughout 2013, falling by late in the year to their lowest point since 2009, and they have so far barely managed to recover 10% by April 2014


New Abu Dhabi Ship Repair Yards Operational

DRY DOCK & WET BERTHS located at ABU DHABI NEW FREEPORT

  Nico International informed that the new dry-docking and repair facility in Abu Dhabi Port Company’s Freeport has completed the first two months of successful operations and has carried out afloat and dry docking jobs on more than thirty vessels. The Dock is able to accommodate vessels up to 2,000 tons and 80m LOA while wet berth space is available up to 400m. This facility confirms Nico International’s strong reputation in the region as a professional service provider


Delivery: Bollinger Delivers the "New" Elsa Leigh

Bollinger Shipyards last month re-delivered the 254-ft. supply boat, Elsa Leigh, to Aries Marine Corp., of Lafayette, La., which is the new name for the former Seacor Clipper following extensive renovation at Bollinger's Morgan City shipyard. The new name is in honor of Elsa Leigh, the four year-old daughter of Courtney B. Ramsay, vice-president of Aries Marine. "This is the kind of project we love," said Donald "Boysie" Bollinger, chairman and CEO of Bollinger


Bollinger Re-Delivers Elsa Leigh To Aries Marine

Bollinger Shipyards, Inc., Lockport, La., has re-delivered the 254-ft. supply boat, Elsa Leigh, to Aries Marine Corp., Lafayette, La. While it looks like a new vessel, Elsa Leigh is the new name for the former Seacor Clipper after an extensive renovation at Bollinger’s Morgan City shipyard. The new name is in honor of Elsa Leigh, the four year-old daughter of Courtney B. Ramsay, vice-president of Aries Marine. “This is the kind of project we love,” said Donald “Boysie” Bollinger


New Dry Dock Code

The UK Ministry of Defense (MoD) Defense Equipment and Services has commissioned Gifford, BMT Marine Projects Ltd, and Fleet Support Limited to produce a new Dry Dock Code of Practice. Clearly focused on the goal of safe dry-docking, the Code is aimed at the MoD, shipyards and other military and civil organizations involved in the dry docking of mono-hulled surface ships of over 500 tons. The Code provides a comprehensive and methodical framework for ship and dock owners and operators to


GOGL, Knightsbridge Tankers Sells Vessel

Golden Ocean Group Limited advised that the company has entered into an agreement with Knightsbridge Tankers Limited to sell the capesize vessel Golden Zhejiang at a sales price of $65.5m. The vessel will be sold together with the existing four year charter agreement. The completion of the transaction is subject to successful financing and equity offering in Knightsbridge Tankers Limited. The deal is expected to be concluded during Q4 2010


Drewry Expects Dry Bulk Shipping Recovery in 2017

Graph: Drewry Dry Bulk Forecaster

 Despite a modest recovery in earnings anticipated over the next two years, the dry bulk shipping market is not expected to return to profitability until 2017, says the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.  


ICTSI Laguna Dry Port Expansion

LGICT

  International Container Terminal Services, Inc.’s (ICTSI) dry port unit, Laguna Gateway Inland Container Terminal (LGICT), recently broke ground to start the expansion of new facilities which include extended and dedicated storage areas for loaded and empty containers


Damen to Refit RNLN Torpedo Ship

Royal Netherlands Navy torpedo ship Zr Ms Mercuur

Damen Shiprepair & Conversion has won the contract for the life-prolonging maintenance and refit project of the Royal Netherlands Navy torpedo ship Zr Ms Mercuur. The ship, originally built at Damen Schelde Naval Shipbuilding in 1987, will be refit to make her suitable for a range of new


Historic Warship Docked for Restoration

USS Constitution enters Dry Dock 1 in Charlestown Navy Yard to commence a multi-year planned restoration period. This is Constitutions first time in dry dock since its 1992-1996 restoration. (U.S. Navy photo by Mass Communication Specialist Seaman Matthew R. Fairchild/Released)

One of the world's oldest commissioned warships has entered dry dock for a planned multiyear restoration, the U.S. Navy reports.   On May 19, USS Constitution eased into Dry Dock 1 at Charlestown Navy Yard Boston National Historical Park with the help and coordination of a large team of


Diana Shipping fixes Post-Panamax

mv  ALCMENE

  Diana Shipping Inc. announced today that through a separate wholly owned subsidiary, it entered into a time charter contract with ADM International Sarl, Rolle, Switzerland, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene


Near Term Outlook Mixed for Shipping

Clarkson Office Locations

  Shipping services company Clarkson PLC warned that the outlook for the industry remains mixed in the short term and dry bulk and offshore in particular present challenges.   "The near term industry outlook remains mixed and the challenges in some of our markets continue


Dry Bulk Shipping to Stay Low

Image by China COSCO Bulk Shipping (Group) Co., Ltd

 Goldman Sachs can't see an end to the dry cargo downturn until at least 2020 on a glut of vessels and stalling cargo growth, says a report in Bloomberg.   Overcapacity and low fuel prices are bound to keep low dry bulk shipping freight rates for the rest of the decade or even longer.


Diana, Wilhelmsen form DWM

Courtesy Diana Shipping

  Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, and Wilhelmsen Ship Management (“WSM”) today announced that they have established a new 50/50 joint venture named Diana Wilhelmsen Management Limited (“DWM”).


Diana JV with WSM

Aliki Vessel. Photo by Diana Shipping Inc

 Dry bulk shipping company Diana Shipping and Wilhelmsen Ship Management (WSM) have joined forces in a new 50/50 joint venture named Diana Wilhelmsen Management Limited (DWM).   DWM, to be based in Limassol, Cyprus, and will commence operations by the end of June


Dry Bulk Carriers Orders "Drying” Up?

Graph: Clarkson Research Services Limited.

 Dry bulk orders have fallen to the lowest level since the 1990s to 0.4m dwt per month showing a massive 98% reduction from the 23m dwt peak in orders in December 2007, and probably the sharpest decline in recent decades.   


Busiest Capesize Demolition Market Ever

Peter Sand, Chief Shipping Analyst, BIMCO

  The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage, according to international shipping association Baltic and International Maritime Council (BIMCO).   The dry bulk market has long suffered from weak freight rates stemming


Higher Capesize Rates Perks Up Baltic Index

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday, supported by increased demand for capesize vessels.   The overall index, which factors in average daily earnings of capesize, panamax


DryShips Loss $59.2mln in Q1

Ocean Rig Corcovado and Ocean Rig Olympia naming ceremony at Samsung Heavy Industries. Photo by DryShips Inc

 The Athens, Greece-based DryShips Inc. (DRYS) has reported a loss of $59.2 million in its first quarter. DryShips is an owner of dry bulk carriers and tankers that operate worldwide.   The company said it had a loss of 9 cents on a per-share basis


‘Old Ironsides’ to Undergo 3-year Restoration

USS Constitution’s victories at sea during the War of 1812 inspired a nation and helped mark the emergence of the United States as a world-class maritime power

USS Constitution, ‘Old Ironsides’, will enter dry dock May 18 for a nearly three year restoration with most of the work being done below the waterline and the bow area. The timeline of events leading up to the ship’s dry docking can be found below


Panama Canal Sees Record Grain, Salt Cargoes

Photo: ACP

From October 2014 through March 2015, cargo shipments in dry bulkers through the Panama Canal increased by 8 percent, equaling 66 million long tons in total.    During this time, the Panama Canal registered more than 2,008 transits of dry bulkers






 
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