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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


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


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


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


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


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


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.   


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 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.  


Dry Bulk Owners Say the Worst is Over

© Volodymyr Kyrylyuk / Adobe Stock

The worst is over for the dry bulk shipping sector, after years when too many ships chased too little cargo, yet the extent of the lost business means a full recovery is still some way off, leading ship owners said on Wednesday.   Dry bulk shipping


Evac Acquires Uson Marine

Signing of the contract Photo Evac Group

Evac Group, the world’s leading provider of integrated waste, wastewater, and water management systems for the marine, offshore, and building industries, has acquired Uson Marine. The acquisition is expected to increase Evac’s market share in dry and wet waste management systems


First LNG-powered Hopper Dredger Launched

Worlds first LNG-powered hopper dredger Minerva launched Photo Royal IHC

The launch ceremony of DEME’s 3,500m3 LNG-powered trailing suction hopper dredger (TSHD) MINERVA took place on 3 December at Royal IHC's shipyard in Kinderdijk, The Netherlands. The official name giving and christening ceremony will take place in the spring of 2017 in Zeebrugge, Belgium.


Diana Shipping Gets Charters Two Bulkers

New Orleans. Photo: Diana Shipping

 Greek dry bulk shipping company Diana Shipping has entered into time charter contracts for its two vessels, the M/V Orleans and the M/V Melite, which are scheduled to start in December 2016.   "Diana Shipping, through a separate wholly-owned subsidiary


GOGL Sinks into Loss

Photo: Golden Ocean Group Limited

Dry bulk shipping company Golden Ocean Group Limited, while announcing its preliminary results for the quarter ended September 30, 2016, informed that it suffered a net loss of $26.7 million and a loss per share of $0.25    Highlights  


Scorpio Bulkers Signs Time Charter-Out Agreements

Photo: Scorpio Bulkers Inc

 Scorpio Bulkers, Inc.  announced that it has entered into time charter-out agreements for two Ultramax vessels and one Kamsarmax vessel.   The two Ultramax vessels are SBI Leo and SBI Achilles and the Kamsarmax vessel is SBI Cakewalk.  


NORDEN Names New Head of Dry Cargo

Photo: NORDEN

Dampskibsselskabet NORDEN A/S has hired Christian Vinther Christensen as new head of the Dry Cargo Department.   Christian Vinther Christensen takes up his new position January 1, 2017 and becomes part of Senior Management reporting to CEO Jan Rindbo.  


‘Frothy’ Capesize Sector Threatens New Year Hangover for Dry Bulk

Photo: BSM

Maritime Strategies International (MSI) is forecasting a firm festive season for the dry bulk market, swiftly followed by a New Year comedown.   In its latest Dry Bulk Freight Forecaster* MSI notes that after a steady fall in average daily TCE spot earnings in October


Naming Ceremony for CNCo Newbuilding

Photo: The China Navigation Co.Pte.Ltd

 Following the naming of its new cement carrier, MV Aotearoa Chief, in New Zealand yesterday, The China Navigation Company (CNCo) christened its last newbuild, MV Tunsin, on 16 November at the Imabari Shipyard in Japan. Tunsin is the 241st CNCo newbuilding and the 86th vessel in this series


Great Eastern Shipping Q2 Profit Falls About 24 Pct

Photo: Great Eastern Shipping Co. Ltd

 Great Eastern Shipping  (GES) Company posted a 23.9 per cent decline in consolidated net profit at Rs 268.7 crore ($40 million) for the second quarter ended September 30, 2016, reports PTI.   The company had posted a consolidated net profit after tax of Rs 353


BIMCO Awards Leadership, Innovation, Pioneering Business Strategy

BIMCO Awards

BIMCO today presented three awards to recognise and celebrate excellence in the global shipping industry among both companies and individuals in the industry – following BIMCO’s conference in Shanghai. This year the importance of leadership


Diana Shipping Abandons Kamsarmax Order

Courtesy Diana Shipping

 Diana Shipping Inc.  today announced that, through a wholly-owned subsidiary, it provided a notice of cancellation of the shipbuilding contract with Yangzhou Dayang Shipbuilding Co., Ltd. and Shanghai Sinopacific International Trade Co., Ltd


Astican & Astander Continue to Invest

(Photo: Astican & Astander Shipyards)

Astican & Astander: pair of privately owned Spanish yards continue to invest in facilities and equipment   Astander and Astican are the two busiest privately owned shipyards in Spain carrying out heavy repairs and special conversion projects with a boutique style attitude towards


Grand Bahama Shipyard: Investing in the Future

(Photo: Grand Bahama Shipyard Limited)

MR spent time with Graham Couser, VP of Sales and Marketing, Grand Bahama Shipyard Ltd. (GBSL), for updates and insights on how this yard is faring in the current market and investing for the future. As the largest ship repair yard in the Caribbean, Grand Bahama Shipyard Limited


Bimco Publishes Dry Bulk Crisis Report

Philippe Louis-Dreyfus. Photo: BIMCO

 BIMCO has published the next in its series of reports looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties.    The foundation for the new report follows the conclusion of BIMCO’s previous analysis – that due to the






 
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