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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


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


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.


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


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


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


Algoma Christens Equinox-class Laker on Arrival

Laker Algoma Harvester: Photo Algoma Central

Algoma Central Corporation announces the arrival in Canada and the christening of its second Equinox Class bulk cargo vessel, the 'Algoma Harvester'. The christening took place at Pier 26 South in Hamilton Harbour before an audience that included local dignitaries and members of the marine industry


Shipbuilders Vard Report Financial Fair Sailing

OSV Rendering courtesy of Vard

Designers and shipbuilders of offshore and specialised vessels, Vard Holdings, has announced its financial results for the second quarter of financial year 2014 (“2Q2014”), and first half ended 30 June 2014 (“1H2014”). Highlights are as follows:


Scorpio Tankers: Latest Financial & Ship Delivery News

Scorpio tankship: Photo courtesy of the owners

Scorpio Tankers Inc. says it has updated its stock buyback program; lists its latest new vessel deliveries, and gives the release date of its second quarter 2014 earnings report. Stock Buyback Program The company has purchased 6,327,861 of its common shares in the open market at an average


MTU Powers Fleet of Inland Waterway Towboats

Installing new MTU engines has improved Southern Towing’s fuel consumption and maneuverability.

Industry-leading Ironmen diesel engines power four new builds and two repowers in Southern Towing’s inland waterway fleet MTU, the specialist for propulsion and power systems for ships and commercial marine equipment, has been selected by Memphis-based Southern Towing Company to power six


McAllister’s New Tug Features JonRie Winches

Buckley McAllister (Photo courtesy of JonRie)

Commissioned last week the new Tug Buckley McAllister is one of the most advanced Tractor Tug (ASD) on the U.S. East Coast. The new vessel is complimented with JonRie Winches fore and aft. The new tug a Jensen design is name after the fifth generation of McAllister’s and new President


Strategic Marine Delivers MV Thaiyak

MV Thaiyak (Photo courtesy of Strategic Marine)

Strategic Marine delivers Ashmore Reef On-Station Vessel Thaiyak to the Australian Customs and Border Protection Service Specialist shipbuilder Strategic Marine has delivered the On-Station vessel Thaiyak to the Australian Customs & Border Protection Service (ACBPS).


Container Shipper Nautilus Files for Bankruptcy

Nautilus Holdings Ltd, a Bermuda-chartered company that leases containerships, has filed for Chapter 11 bankruptcy protection in New York, becoming the latest victim of a depressed shipping industry. The company has about $770 million in debt, according to papers filed late Monday with the U.S


NYK Stolt Order Chemical Parcel Tanker Pair

Contract document: File photo

NYK Stolt Shipholdings says it has ordered two 12,500 dwt parcel tankers from Usuki Shipyard in Japan. NYK explains that a parcel tanker is a versatile chemical tanker that can transport various types of cargoes at the same time, and these two new vessels are the ninth and tenth vessel ordered


Moody's Rates Sovcomflot Ba2: Negative Financial Outlook

Tankship bridgefront: Photo courtesy of SCF

Moody's Investors Service says it has confirmed the Ba2 corporate family rating (CFR) and the Ba2-PD probability of default rating (PDR) of Sovcomflot JSC with $800 million of rated debt affected. Concurrently, Moody's has confirmed Sovcomflot's Ba3 senior unsecured issuer rating and the Ba3


Sovcomflot Extends Cooperation with Sakhalin Energy

Companies sign agreements for long-term operation of three vessels for the Sakhalin-2 project. SCF Group (Sovcomflot) and Sakhalin Energy Investment Company Ltd. have signed a contract for the construction and long-term operation of three multifunctional icebreaking standby vessels to serve


Gulf Navigation Cuts Capital, Focus on Turnaround

Gulf Navigation.jpg

United Arab Emirates shipper Gulf Navigation said on Wednesday it had cut its capital by two-thirds and written off accumulated losses worth 1.1 billion dirhams ($300 million), key parts of a turnaround plan designed to solve its debt problems.


Vic-Press Receives Five New Type Approvals

Vic-Press (Image courtesy of Victaulic)

Approvals from ABS, BV, DNV, Korean Register and Lloyd’s Register add to previous GL approval Victaulic, a manufacturer of mechanical pipe-joining systems, has received type approvals from American Bureau of Shipping (ABS), Bureau Veritas (BV), Det Norske Veritas (DNV)


Sovcomflot & Sakhalin Energy to Provide 3 Icebreakers for Sakhalin-2

SCF & Sakhalin Energy sign an agreement for construction and operation 3 multifunctional icebreakers

  SCF Group (Sovcomflot) and Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) have signed a contract for the construction and long-term operation of three multifunctional icebreaking standby vessels to serve the Sakhalin-2 offshore energy platforms.


GPA Enters Mexican Offshore Market

Photo courtesy of GPA

Seattle-based Naval Architecture and Marine Engineering Company Guido Perla & Associates, Inc. (GPA) has been awarded a contract to deliver the Design Package and Class Approval Package for two GPA 150M FSVs.  The ships for Enterprise Shipping


FTO Services Announces Completion of First Vessel

Island Performer naming: Photo credit FMC Technologies

FTO Services announced today that construction of its new deepwater well intervention services vessel has been completed. The naming ceremony for the new vessel, Island Performer, was held in Ulsteinvik, Norway on June 27. During the event, about 200 guests including executives from FTO Services






 
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