Onomichi dockyard Co., Ltd. (ODC) completed construction of two 47,000 DWT type product carriers, Amazon and San Jacinto, for OMI Corporation in January and March 2002, respectively. The carriers are the 30th and 31st carriers of the 47,000DWT series built since the first in 1995. The company will build ten more product carriers, which are now one of the best sellers among standardized vessels built by the company. The 47,000 DWT type series is designed under the policy of building “double hull product carriers at low cost for efficient oil product transport.” The series has a maximum beam of 32.2m, which can pass through the Panama Canal, and a dept of 19.1m, which is the maximum depth to retain the ship stability. The carrier has 53,600m3 cargo space, enabling segregation to load four types of oil products simultaneously. Bulkheads are provided along the centerline except in the Nos. 1 and 2 cargo tanks, two slop tanks, and one residue tank. Four cargo pumps with a capacity of 1,000m3/hr x120t/h are installed for efficient cargo handling. Other safety measures include a vapor emission control system, an inert gas system for the ballast tanks, safety accesses to the bow section, environmental safety (ES) routine, etc. To cope with recent requirements, a service speed of 15.3 knots is guaranteed, faster than 14.5 knots of the previous 39,000 DWT carriers. Use of the Mitsui-MAN B&W 6S50MC type diesel engine and improved hull form enable high-speed navigation
Motia Compagnia di Navigazione has continued its expansion of modern product carrier tonnage with the delivery of the 29,000 dwt Elisa from STX Shipbuilding, Korea. The third of a series of four sister ships from the same yard building for Motia, the Elisa is an IMO II Product/Chemical Carrier and it will enter employment in the Handytankers Pool. Antonio Zacchello, managing director of Motia Compagnia di Navigazione,
Heindenreich Marine has created a new global clean petroleum product tanker pool - Dorado Tankers - to be managed from Heidmar's new office in Darien, Conn. The focus of the new company will be to operate product tankers under a common umbrella - similar to the Star Tankers' panamax pool. Heidmar also reported that it has elected David G. Palmer as vice president of the company, as well as managing director of Dorado Tankers
General Dynamics NASSCO began construction of the second ship of its new class of product carriers. The shipyard is scheduled to lay the ship’s keel in June and deliver the ship to U.S. Shipping Partners in the second quarter of 2009. In August 2006, NASSCO received a $1b contract from U.S. Shipping Partners to build nine ships. The ships will be double-hulled, 600.4 ft. in length and displace 49,000 dead weight tons
Daewoo Shipbuilding & Marine Engineering reportedly received a $560 million contract to build four very large crude carriers (VLCC) and one product carrier for Kuwait Oil Tanker Co (KOTC), according to Reuters.
Great Eastern Shipping Company signs contract to buy a 1990-built Very Large Gas Carrier (VLGC) The Great Eastern Shipping Company Limited (G E Shipping) has signed contract to buy a Very Large Gas Carrier (VLGC) of about 49,700 dwt (75,000 cbm). The 1990-built vessel is expected to join the Company’s fleet during Q2FY2013. The Company’s current fleet stands at 32 vessels, comprising 22 tankers (9 crude carriers, 13 product carriers) and 10 dry bulk carriers (1 Capesize
OMI Corporation announced a net loss of $7,119,000 for the quarter ended Sept. 30. The net loss for the nine months ended Sept. 30 was $37,555,000 after income from the cumulative effect of change in accounting principle of $2,729,000. Net loss for the nine months ended Sept. 30 includes a $23,574,000 loss on disposal/write down of vessels, $6,229,000 provision for loss on lease obligation and $1,114,000 loss on the disposal/write down of two joint ventures
South Korea's STX Shipbuilding Co. (067250.SE) said Wednesday that it received a $266.7M order to build six petrochemical product carriers. An STX spokesman said the South Korean shipbuilder won the order from a Hong Kong-based company, but declined to identify the company. STX will deliver the tankers - which will have the capacity to load 51,000 tons of petrochemical products - by Sept. 2009, the company said.
Great Eastern Shipping Company Ltd (GE Shipping) has announced has taken delivery of the 47,240 dwt, 1997 built Handymax dry bulk carrier. Now named Jag Riddhi, the vessel was contracted in March 2007. With this, the fleet of 46 vessels includes 34 tankers (13 crude oil carriers, 19 product carriers, and 2 LPG carriers) and 12 drybulk carriers (1 capesize, 2 panamax, 6 handymax and 3 handysize) with an average age of 12.2 years aggregating 3.22 Mn dwt.
Overseas Shipholding Group, Inc. said that Captain Ian T. Blackley has been promoted to Senior Vice President. Captain Blackley, 54, leads International shipping operations, which includes operational oversight and management of OSG’s 94 crude oil tankers, product carriers and LNG vessels that trade worldwide.
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Vidhi”, a Very Large Gas Carrier. The 1990 built vessel of about 49,701 dwt will be delivered to the buyers in the second half of 2014-15.
China & Japan shipbuilders scoop the pool of international shipbuilding orders according to the latest Clarkson Hellas S&P Weekly Bulletin. Dry bulk ships Clarkson Hellas says that Pan Ocean has placed an order for two firm 207,000 dwt Newcastlemaxes at New Times
Orders for gas carriers placed with Korean and Japanese shipyards figure prominently amongst the latest newbuilding orders noted in the latest Clarkson Hellas S&P Weekly Bulletin. Dry bulk carriers Pan Ocean have placed an order for two firm 207,000 dwt Newcastlemaxes at New Times
General Dynamics today reported 2014 second-quarter earnings from continuing operations of $646 million, or $1.88 per share on a diluted basis, compared to second-quarter earnings from continuing operations in 2013 of $640 million, or $1.81 per diluted share
General Dynamics reported third-quarter 2013 net earnings of $651 million, or $1.84 per share on a diluted basis, on revenues of $7.8 billion. This compares to 2012 third-quarter net earnings of $600 million, or $1.70 per diluted share, on revenues of $7.9 billion
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, has entered into a contract with Seabulk Tankers, Inc., a wholly owned subsidiary of SEACOR Holdings Inc., for the design and construction of one 50,000 deadweight ton LNG-conversion-ready product carrier with a 330
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, has entered into a contract with Seabulk Tankers, Inc., a wholly owned subsidiary of SEACOR Holdings Inc. for the design and construction of a 50,000 deadweight ton LNG-conversion-ready product carrier with a 330
GAC Australia Signs Three-Year Contract with MOL Multimodal transport operator Mitsui O.S.K Lines (MOL) has awarded an exclusive three-year contract to serve its vessels and port calls across Australia to GAC Australia, part of the global shipping, logistics and marine service provider GAC Group
Tsakos Energy Navigation Ltd. (TEN) plans to offer its common shares in a public offering. The Company says it plans to use the net proceeds of the offering to finance the growth and modernization of its fleet, and for general corporate purposes.
Marine transport advisors, McQuilling Services recently released its 2014-2018 Tanker Market Outlook that forecasts spot freight rates across eight tanker classes and 13 major trading routes. This year’s edition also includes a forecast of asset prices over the same period for
The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Padma”, a Medium Range (MR) product tanker. The 1996 built vessel of about 47,172 dwt will be delivered to the buyers in May 2014. Including “Jag Padma”
Private equity firm Avista Capital Partners informs it has invested in a newly-formed joint venture (J/V) with SEACOR Tankers Inc., a subsidiary of SEACOR Holdings Inc. that operates a fleet of 7 U.S.-flag Jones Act vessels (5 owned and 2 chartered-in) in the U.S
The Great Eastern Shipping Company Ltd. (G E Shipping) today announced having delivered its 1996 built Medium Range Product Tanker “Jag Padma” (47,172 dwt) to the buyers. With the delivery of this vessel, the Company’s current fleet stands at 29 vessels
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (GD), has entered into a contract with an affiliate of American Petroleum Tankers (APT), a wholly owned subsidiary of Kinder Morgan Energy Partners, L.P. (KMP), for the design and construction of an additional 50
Newbuilding activity has continued at a steady pace this week with a number of new orders reported across dry bulk ships and tankers by Clarkson Hellas in their latest S&P Weekly Bulletin, as follows: Dry bulk carriers Tsuneishi have taken an order at their Cebu facility in the Philippines