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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


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


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.   


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.  


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


Matson Pumps $30 Million into Alaska Operations

Photo: Matson

Ocean cargo shipper Matson, Inc. said it is moving quickly to fund improvements in its new Alaska operations following its May 29 acquisition of Horizon Lines' Alaska services. The company expects to invest more than $30 million in new equipment planned by Horizon prior to its acquisition.


Miko Magnetic Patches Pioneer New Repair Technique

MIKO - HEAT RESISTANCE OF PATCHES

  BW Offshore has successfully used Miko magnetic patches in a pioneering new repair technique that creates significant time and cost savings. When some cracks appeared in hull plating in the engine room of the FPSO Abo operating off the Nigerian coast


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


Commerzbank Sells 18 Ships for $254.5mln

KKR & Co LP's Embarcadero Maritime unit will pay $254.5 million to buy 18 dry bulk and container ships from Commerzbank AG's Hanseatic Ship Asset Management GmbH, the companies said on Thursday.   U.S. private equity firm KKR and London-based independent ship operator Borealis Maritime


NSF Certification for PPG's Products, Coating Systems

Diane M. Kappas Vice President, Protective and Marine Coatings, Americas

  PPG Industries’ protective and marine coatings (PMC) business announced that four individual coatings and primers and two combined coating-and-primer systems have been certified by NSF International for water-tank applications. The new NSF certifications for PPG PMC products include


Star Bulk Adds Three Vessels

Photo: Star Bulk Carriers Corp

 Star Bulk Carriers Corp. announced that on July 15, 2015 it took delivery of M/V Goliath and M/V Maharaj, two 209,000 dwt Newcastlemax bulk carriers built by Nantong COSCO KHI-Ship Engineering Co.   In addition, on July 22, 2015 Star Bulk took delivery of M/V Star Aquarius, a 61


Durban’s 90-year-old Dry Dock Set for Repair

The 35-meter-long, 900 ton outer caisson at the Prince Edward Graving dock in Durban will be undergo a $2.4 million refurbishment project over the next four months. (Photo: Transnet National Ports Authority)

The 90-yer-old Prince Edward Graving Dry Dock in Durban, which is owned and operated by Transnet National Ports Authority (TNPA), will be undergoing a R30 million ($2.4 million USD) repair project on its outer caisson over the next four months


Evac's Total Waste Management for Atlantic Mercy

Atlantic Mercy (Photo: EVAC)

The global cleantech company Evac has been chosen to supply its total waste management system to the world’s largest civilian hospital ship, the Atlantic Mercy. Owned and operated by the nonprofit Mercy Ships, the ship will provide medical care in the poorest parts of Africa


Strong Half Year for Antwerp Port

...

  The port of Antwerp handled 104,529,242 tonnes of freight in the first six months of this year, up 6.4% on the same period last year. The strong performance during the half year was mainly due to the impressive growth in container freight (up 9.5% in TEU and 7


Cosco in Loss, Blames Low Oil Price

Picture: Cosco Corporation (Singapore) Limited

 Cosco Corporation has warned investors of an expected net loss for the second quarter ended 30 June 2015, as against a profit in the previous corresponding period.   The company said the loss is mainly due to the low crude oil prices over recent months which have had an adverse impact


Egypt Completes New Waterway in Suez Canal

Image: Panama Canal Authority.

 Egypt has completed dredging for the new shipping route in the Suez Canal, says the government sources. The mega national project ‘New Suez Canal’ is scheduled to be inaugurated on August 6.   Egypt has invited all countries worldwide to take part in the inauguration


Pioneer Marine Names V.Ships as Technical Managers

Pioneer CEO Pankaj Khanna (right) with Capt Sachit Sahoonja - MD V Ships Ship-management India left (Photo: V.Group)

V.Ships, the ship management arm of global maritime services provider V.Group, has recently completed the transfer of the rapidly growing Pioneer fleet of geared dry bulk carriers into its management portfolio.   Pioneer Marine Inc, a fleet owner of some one million deadweight of tonnage


Diana Finds Work for Panamax Duo

Dianas Panamax

  Diana Shipping Inc., today informed that through a separate wholly-owned subsidiary, it entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Naias. The gross charter rate is US$6,800 per day minus a 4


Vogel Appointed CEO, Eagle Bulk Shipping

Photo Eagle Bulk Shipping Inc.

  The Board of Directors of Eagle Bulk Shipping Inc. today appointed Gary Vogel as Chief Executive Officer of Eagle Bulk, effective September 1, 2015. In addition to his new position, Mr. Vogel will also join the Board of Directors of the Company. Mr. Vogel will succeed Stanley H


Dry Bulk Market Crisis: Opportunity or Threat?

File photo

The shipping industry is experiencing the biggest dry bulk market recession since the 1980s, as uncertain global economic outlook and increased imbalance between supply and demand have lead to historically low freight rates .It seems the downturn will continue until 2017 if a viable equilibrium is






 
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