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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.    

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

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

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

New Abu Dhabi Ship Repair Yards Operational


  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

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

New Dry Bulk Facility at Khalifa Port

Photo: Abu Dhabi Ports

New AED 20 million facility will pack and transport dry bulk products for petrochemical and mineral manufacturers    Abu Dhabi Ports celebrated the groundbreaking of Schmidt ME Logistics’ new facility in Khalifa Port’s industrial, trade and logistics zone, Kizad. The ceremony officiated by Dr. Wolfgang Hoppmann, CEO of Schmidt ME Logistics along with senior representatives from both companies took place on May 27, 2015.  

Container Equipment Leasing Rates Hit Record Lows

Development of per diem rental rates and ex-factory prices for newbuild 20ft standard container placed on long-term operating lease (LTL), 2004-16 (Source: Drewry Maritime Research)

Container equipment rental rates came under renewed pressure in 2014 and by mid-2015 new dry freight pricing was at a 10-year low, while lease rates had fallen to an all-time low, according to the latest edition of the Container Leasing report published by global shipping consultancy Drewry. Similarly, used dry freight container prices have also reached a five-year low, largely in line with the decline in new equipment costs and also because of increased resale volumes.   

Norden Shuffles Executive Management Team

Norden CEO Jan Rindbo (Photo: Carsten Lundager)

Danish dry cargo and tanker shipping company Dampskibsselskabet Norden A/S informs it has combined a number of management functions in order to reduce its executive management team from five to three members.   “With the changes we are consolidating a number of functions creating a more streamlined organization,” Norden CEO Jan Rindbo stated in a press release. “This will also have implications for the composition of the executive management.”  

Golden Ocean CEO: No Share Issue

Dry bulk shipping firm Golden Ocean Group said on Tuesday it did not consider an equity issue to improve its liquidity and balance sheet following challenging markets conditions. "We are not considering equity issue. We are working on other options, including sale and leaseback

ESL Orders LNG-fueled Bulker following Transport Deal with SSAB

ESL Shipping’s fleet comprises 14 vessel units with a combined total tonnage of about 287,000 tons. Photo ESL Shipping

  ESL Shipping Ltd and the steel company SSAB have signed a long-term frame agreement covering SSAB’s inbound raw material sea transports within the Baltic Sea and from the North Sea. The purpose of the agreement is to enable mutual

Wärtsilä Sternguard In-Water Serviceable Seal Launched

Wärtsilä Sternguard In-Water Serviceable Seal Credit Wärtsilä

  Wärtsilä, the marine and offshore industry's leading solutions and services provider, introduces an innovative new seal that can be fully serviced underwater, without setting up a habitat. The new Sternguard In-Water Serviceable Seal is the first product of its kind on the market

Scorpio Bulkers Sells Six Ships for $227 Mln

Scorpio Bulkers Inc. has entered into agreements with unaffiliated third parties to sell two Capesize dry bulk vessels and four newbuilding Capesize dry bulk vessels under construction for approximately $227 million.    Two of the Capesize vessels were constructed in China and

Essar is 'Dry Bulk Line of the Year'

Essar Shipping Recipient of the award

  Essar Shipping, one of India’s leading shipping companies, today said that it has won the prestigious Diamond Category Award for “Line of the Year (Dry Bulk)” at the recently held Samundra Manthan Awards 2015. The company was bestowed this award in appreciation of its

Two More Secondhand Bulkers for Seanergy

Dry bulk shipper Seanergy Maritime Holdings Corp. has taken delivery of two secondhand Capesize dry bulk vessels, renamed M/V Gloriuship and M/V Squireship, to be employed in the spot market.   The 171,314 dwt Gloriuship was built in 2004 by Hyundai Heavy Industries, and the 170

Small Dry, Big Value


VesselsValue’s new Small Dry module provides values for MPPs (and heavy-lift), single and tweendeckers, small handys and general cargo vessels. On the heels of its November 2015 launch, VesselsValue delves deeper into the sector’s nuances, premiums and discounts.  

Nasdaq's Second Delisting Warning to Globus Maritime

Photo: Globus Maritime

 Nasdaq-listed Greek dry bulk shipowner Globus Maritime has received notification from Nasdaq indicating it is in breach of Nasdaq Global Market requirements because the closing bid price of the company’s common stock has been under $1 for the last 30 consecutive business days.  

Diana Shipping Nets $ 17.4 mln 3Q Loss

Courtesy Diana Shipping

  Diana Shipping Inc. today reported a net loss of $17.4 million and net loss attributed to common stockholders of $18.8 million for the third quarter of 2015, compared to net income of $7.7 million and net income attributed to common stockholders of $6

J. Lauritzen: No Dry Cargo Recovery

Photo by J. Lauritzen A/S

“The dry cargo markets have shown no signs of recovery during Q3. A lack of demand growth in combination with deliveries of new tonnage will make this the reality of the market for an extended period. Our Q3 result in dry cargo is as expected and a reflection of these market conditions

Diana Adds Capesize Dry Bulk Vessel

Diana Containerships Inc., through a separate wholly-owned subsidiary, it has taken delivery of the m/v Hamburg, a 2009-built Post-Panamax container vessel of approximately 6,500 TEU capacity that the Company entered into an agreement to purchase in July 2015.  

Star Bulk Carriers Sold Three Vessels in Q3

Pic by Star Bulk Carriers

 Star Bulk Carriers has sold three vessels during the third quarter, a modern Supramax and two 90s built Panamax says Petros Pappas, Chief Executive Officer.   Net sales proceeds for completed vessels sales were approximately $27.9 million in Q3 and we also received approximately $3

ABB’s Norway Integrated Ops Center

Photo courtesy of ABB

ABB has unveiled a new Integrated Operations Center which allows ship owners to take greater control of their fleet from shore.   From the center, situated in Billingstad in Norway, its expert engineers can connect to any vessel anywhere in the world which is fitted with ABB technology

Dry Bulk Shipping Record Low a Warning for Global Economy

A slump in dry bulk shipping is set to worsen as the meltdown in global commodities and too many ships free for hire rock the sector used by investors to gauge the health of world trade.   Slower coal and iron ore demand from China - the world's biggest industrial importer - have battered

Fredriksen's Firms See Diverging Fortunes

Rig firm Seadrill sees tough market continuing in 2016. Firms in Norwegian-born billionaire John Fredriksen's empire saw contrasting fortunes on Tuesday, as rig firm Seadrill booked $1.8 billion in writedowns while tanker firm Frontline turned around its fortunes after years of turmoil.

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