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New Vessels

BC Ferries Signs $45.5m Deal to Build New Ferry

BC Ferries has signed a $45.5m Contract to construct a new intermediate-sized ferry slated for the Saltery Bay-Earls Cove route. Construction of the 125-car, 600 passenger, 328-ft. vessel will begin later this year at Vancouver Shipyards, a Washington Marine Group company, in North Vancouver. The design includes a lounge, snack bar and a new state-of-the-art lifesaving system. The ship is expected to enter service initially on the Saltery Bay route by the summer of 2008. Originally the new vessel was slotted to go to Bowen Island. The new vessel will allow BC Ferries to retire the 46-year-old Queen of Tsawwassen, the summer vessel on the route linking Powell River to the Sechelt peninsula. The specifications for the new vessel are similar to both the Queen of Tsawwassen and the Queen of Chilliwack, the ferry on the Saltery Bay route in the winter. Source: Peak Online


Halliburton Launches State-of-the-Art Vessel for GOM Work

Halliburton Energy Services has deployed a new vessel, M/V Cape Hawke, to Carmen, Mexico to enhance its contract longstanding with PEMEX. The new vessel replaces M/V 221, which has been providing services for PEMEX in the Gulf of Mexico for the last 19 years. M/V Cape Hawke is the second totally new state-of-the-art vessel unveiled by Halliburton this year for work in the Gulf of Mexico. M/V Stim Star, launched in February, serves the frac pack deepwater market


Seaspan Buys Two Ships

Seaspan Corporation announced that it has agreed to purchase two new building vessels from affiliates of Conti Holding GmbH & Co. KG of Germany, increasing Seaspan’s total fleet to 25 vessels. Seaspan will acquire the two 3,500 TEU vessels upon their delivery in February and July 2007 respectively from Zhejiang Shipbuilding Co. Ltd. in China. The total delivered cost is expected to be approximately $50 million per vessel, subject to certain pre-delivery expenses remaining at budgeted levels


Gladding Hearn Signs To Build New Vessel

The Woods Hole Oceanographic Institution (WHOI) and Gladding-Hearn Shipbuilding, Duclos Corporation of Somerset, Mass. signed a contract to build a 60-ft. vessel to replace the Institution's 46-ft. coastal vessel Asterias. Construction of the new vessel is estimated at a cost of $1.6 million, with delivery expected in March 2004. "The need for this type of vessel has increased dramatically over the past few years as our interests in our continental shelf continue to increase


Gladding Hearn Signs To Build New Coastal Vessel

The Woods Hole Oceanographic Institution (WHOI) and Gladding-Hearn Shipbuilding, Duclos Corporation of Somerset, MA, signed a contract today to build a 60-ft. vessel to replace the Institution's aging 46-ft. coastal vessel Asterias. Construction of the new vessel is estimated at a cost of $1.6 million, with delivery expected in March 2004. "The need for this type of vessel has increased dramatically over the past few years as our interests in our continental shelf continue to increase


Local Shipyard Constructs Port Metro Patrol Boats

Image courtesy of Daigle Welding & Marine

Port Metro Vancouver has previewed 2 new harbour patrol vessels currently under construction at local shipyard, Campbell River’s Daigle Welding & Marine. The new vessels will provide continuous marine surveillance with early incident detection and activity tracking. Peter Xotta, Port Metro Vancouver’s Vice President of Planning & Operations spoke about the announcement saying, “This is an exciting day for Campbell River


Aker Yards Signs $100M Contract

Aker Yards has signed a contract worth approximately NOK 650 million to build a Well Intervention Vessel for Island Offshore. The vessel will be delivered in January 2008. Main duties for the new vessel of Rolls Royce design, will be maintenance and repair of oil-/gaswells in deeps of as far as 600 meters, and operate with a riserless wireline intervention system. The vessel will operate an ROV, (remote operated vehicle), for operations on the sea bed


Tidewater to Invest in Aging Fleet

New Orleans-based Tidewater Inc., operator of the world’s largest fleet of offshore supply vessels, plans to invest between $300m and $500m annually through 2011 to renew its vessels. Tidewater CEO and Chairman Dean Taylor made the announcement, saying the investment would position the company to take advantage of growing opportunities in international markets. The company recently accepted 16 new vessels and plans to receive another 50 by 2011


Jumbo Orders Another Heavy Lift Ship

An agreement has been signed with the Brodosplit shipyard in Split, Croatia, for the construction of a top segment heavy lift vessel. The new vessel will have a length of 152.6 m and a beam of 27.4 m and is equipped with 2x 1,100 mt cranes (at 27.5m outreach). In tandem the cranes can lift up to 2,200 mt. This makes it the one of thge strongest heavy lift vessel in the world. To be able to work in Arctic regions, the vessel is to be built under ice class


Ferry Contract for German Shipbuilder

Caledonian Maritime Assets Limited announce Flensburger Schiffbau-Gesellschaft  preferred shipbuilder  for new Scottish highlands ferry Caledonian Maritime Assets Limited (CMAL) has announced that Lloyds Banking Group plc (LBG) are to provide financing for a replacement vessel for the Stornoway to Ullapool route and has named Flensburger Schiffbau-Gesellschaft MBH & Co. KG (FSG), Germany as the preferred shipyard for the detailed design and construction of the vessel.


Another Brutal Year for Korean Shipyards?

Image: Samsung Heavy Industries

 2016 could be a brutal year for Korean Shipyards. Yonhap reports that the country's shipbuilders failed to clinch any new orders in January, underscoring the protracted slump in the global shipbuilding segment.   "January is usually an off-season for shipbuilders


Damen Builds Cable Installer For Maersk Supply Service

Photo: Damen

New Damen-built vessel for Maersk Supply Service to undertake long-term charter with DeepOcean   A newbuild DP2 cable installation vessel, Maersk Connector, was handed over from Damen Shipyards Group to Maersk Supply Service on February 4, 2016


Hempel’s Dynamic Brings Saving for Lemissoler

Logo

Global shipmanagement company, Lemissoler Navigation, via its affiliated and managed company Frontmarine Co. Ltd, has achieved significant fuel savings from coating its newbuild 58,500dwt supramax bulk carriers with Hempel’s Dynamic antifouling product.


Hempel Coatings for Lemissoler Newbuilds

Global shipmanagement company, Lemissoler Navigation, via its affiliated and managed company Frontmarine Co. Ltd, has coated four of its eight newbuild 58,500 dwt supramax bulk carriers with Hempel’s Dynamic antifouling product, and based on its performance


Saam Smit Towage Bolsters Americas Fleet

SST Capilano (Photo: Saam Smit Towage)

Saam Smit Towage, a joint venture between SAAM S.A. and Royal Boskalis Westminster N.V. providing towage services in Mexico, Canada, Panama and Brazil, announced it has invested in fleet renewal in Canada and Panama. The company’s Canadian arm has taken delivery of newbuild tug SST


Navig8 Acquires an LR2 Tanker

Courtesy Navig8

Navig8 Product Tankers Inc took delivery of its third LR2 Product Tanker today. It is LR2 109,999 dwt product tanker m.t. "NAVIG8 SOLACE" from Sungdong Shipbuilding & Marine Engineering Co, Ltd. Three day ago the company had taken delivery of one LR1 74k-dwt product tanker m.t


2016 Looks Tricky for Shipping Market

Source: Clarksons

 2015 was clearly a very challenging year for the shipping markets. With earnings rock bottom in many sectors, investors shifted into a lower gear with respect to the placement of new vessel orders last year, says Clarksons Research.  


Boxship Fleet Growth is Slowest in 25 Years

A large, modern containership underway. (credit: UASC)

Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25 years, giving some relief to an industry hammered by oversupply, consultancy firm Alphaliner forecast on Tuesday. Freight rates have plunged


Yamal Project’s First Ice-going LNG Carrier Launched

Image: ABB

The first of 15 ice-going LNG carriers for the Yamal project has been launched and is set to sail the arctic waters from Siberia to Europe and Asia. Built by Daewoo Shipbuilding and Marine Engineering (DSME) in its Okpo South Korea yard, the new vessel, SCF Yamal


Searching for a Better Way

Paine

Financing the Municipal, Tax-Exempt Workboat Sector. Poring over any of the many marine publications that seemingly arrive daily in your mailbox or inbox, you can get an idea of the depth and breadth of the current state of U.S. commercial marine vessel shipbuilding


NYK Line Posts Loss on Dry Bulk Fleet Revaluation

Image: NYK Line India

 Japan's Nippon Yusen Kaisha (NYK) has posted a $277.5mln extraordinary loss in the third quarter of year ended 31 March 2016 as it reduced the book value of its fleet inline with current market prices and expectations. The extraordinary loss came after it re-assessed the recoverable value of


VARD Designed Antarctic Icebreaker for Chilean Navy

Antarctic icebreaking vessel of overall length 125 m  Breadth 22 m Courtesy VARD Marine

Vard Holdings Limited, a designer and builder of offshore and specialized vessels, announced that its subsidiary Vard Marine has secured a new contract for the design of one Antarctic icebreaking vessel for the Chilean Navy. The contract value is approximately €4 million.


SharpEye Radar for Trinidad & Tobago CG Patrol Craft

Photo: Kelvin Hughes

Kelvin Hughes, a designer and supplier of navigation and security surveillance systems, announced the installation of its new SharpEye upmast radar system on four new vessels commissioned by the Trinidad and Tobago Defence Force.  


First Steel Cut for Bibby WaveMaster

SOV Wavemaster 1 for Bibby Marine Services_LR Photo Damen

Following the recent contract signing for the first ever Damen Service Operations Vessel (SOV) with walk-to-work capability, the first steel was cut this week at Damen Shipyards Galati, marking the beginning of construction for U.K.-based client Bibby Marine Services.


BV Classes Mega Asphalt Carrier

Asphalt Splendor (Photo: Bureau Veritas)

Classification society Bureau Veritas is classing the 37,000 dwt asphalt carrier Asphalt Splendor, recently delivered to U.S.-based Sargeant Marine. The vessel was built at Avic Dingheng, China and is one of a series of two designed by Chinese design institute SDARI in cooperation with Sargeant






 
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