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Second Hand Ship

Biggest Spenders of 2015

Image: VesselsValue.com

Online ships data platform VesselsValue.com has rounded up the top spenders in terms of second hand tonnage for the first half of 2015.   Leading the industry in total amount spent on second hand tonnage so far in 2015 is U.S.-based Gener8 Maritime, who spent roughly $1.4 billion on 14 vessels. The seaborne crude oil transportation services company formed earlier this year as result of a merger between General Maritime Corporation and Navig8 Crude Tankers Inc.   Second in spending was the Malaysian headquartered tanker shipping group MISC who spent about $1.065 billion on five second hand vessels.   Third was Euronav ($776 million, eight vessels), followed by Ship Finance International ($566 million, 11 vessels) and Sinoker Merchant Marine ($402 million, 10 vessels).   VesselsValue.com noted that it used VV value the day of the sale when sale price was unknown.


Stolt-Nielsen Reports Unaudited Results Q1 2011

stolt-nielsen.bmp

LONDON, April 7, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the first quarter ended February 28, 2011.  Net profit attributable to shareholders in the first quarter was $31.2 million, with revenue of $458.7 million, compared with $33.0 million and $459.4 million, respectively, in the fourth quarter of 2010. Highlights for the first quarter of 2011, compared with the fourth quarter of 2010, were:


Private Equity Spending Fuels Shipping Sector Risk

Private equity has pumped $32 bln into shipping in past 2 years. Ships totaling 299 mln dwt to enter global fleet from May. Some private equity-backed shipping IPOs have been put off on weak sentiment. The shipping industry faces a looming capacity glut as billions of dollars pumped into it by private equity have stoked a vessel-buying spree, threatening its prospects just as the sector is emerging from its worst downturn in three decades.


Korean Shipyard Building 18,000 TEU Container Ship

DSME begins work on construction of the world's largest container ship Daewoo Shipbuilding and Marine Engineering has begun constructing the world's largest container vessel after receiving the order from Denmark's AP Moller-Maersk, the shipbuilder has announced. When completed, the 18,000 TEU container ship will measure 400 m in length and 59 m in width, with a deck wide enough to accommodate four football fields


GulfMark Orders Three PSVs from Poland

GulfMark Offshore, Inc. (NYSE: GLF) announced the initiation of a vessel construction program. The first three vessels in the program will be built by Remontowa Shipbuilding SA in Gdansk, Poland, and consists of two 1000 square meter deck area platform supply vessels of the MMC887CD design and one MMC879CD design with a deck area of over 800 square meters.  These large and technologically advanced vessels have been designed to meet the demanding requirements for supporting deepwater and


General Maritime to Acquire Tankers

General Maritime Corporation has agreed to acquire 19 tankers, including 14 Suezmax and 5 Aframax vessels from Metrostar Management Corporation, a Greek tanker operator. The acquisition of the vessels is expected to commence on March 1, and to be concluded by April 30, 2003 during which time the vessels will be integrated into General Maritime's fleet operations. The acquisition of the tankers will be made for cash and is subject to the customary conditions of delivery


Seaarland, Nordic Tankers Sign Joint Venture

Seaarland Shipping Management and Nordic Tankers signed a joint venture that will see both of these companies enter the Handysize product carrier market. The joint venture will involve investment in modern second-hand vessels as well as new buildings. The vessels will be jointly owned by both partners in varying proportions. The first acquisition by the joint venture, the 2000-built 35,820 dwt Hanne, is to be concluded soon


CDC Offers SARS Guidelines for Ships

The U.S. Centers for Disease Control and Prevention (CDC) issued guidelines for maritime personnel regarding severe acute respiratory syndrome (SARS). The three guidelines are somewhat redundant with each other. The first focuses on Personnel Boarding Maritime Vessels from Areas with SARS . The second focuses on Workers Handling Cargo or Other Packages . The third focuses on Cruise Ship Passengers and Crew Members . The guidelines point out


First of BC Ferries’ Super C-Class Vessel Launched

The first of BC Ferries’ three new Super C-class vessels, Coastal Renaissance, was officially launched at a special ceremony in Germany. Representatives from BC Ferries and the shipyard were on hand to witness this major event as the ship was launched into the water for the first time. The Coastal Renaissance is scheduled to leave Germany for Canada in late October and is expected to be in service in early 2008. The second and third vessels will be arriving in B.C. in early and mid 2008


Vinashin to Build Three Tankers

The Vietnam Oil and Gas Corporation (PetroVietnam) on July 4 awarded a contract to the Vietnam Shipbuilding Industry Corporation (Vinashin), for the construction of three 105,000-ton oil tankers. The oil tankers, to be built at the Dung Quat Shipyard, are to be equipped with state-of-the-art facilities satisfying latest international maritime conventions. According to Vinashin, oil tankers of this kind are normally priced and sold for $60-65m each in the world market


BAE Systems Welcomes Record Number of Paid Interns

Summer interns Rez Nuru (left) and Alex Rubin (right) working in Portsmouth Naval Base for BAE Systems. (Photo: BAE Systems)

More than 140 university students from across the country are being given a unique insight into working life at BAE Systems, as part of the company’s 12-week summer internship program.   At Portsmouth Naval Base and Cowes on the Isle of Wight


Keel Laid for Crowley’s 2nd LNG ConRo Ship

Photo: Crowley

The keel for the second Commitment Class liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ship for Crowley Maritime Corp.’s liner services group was laid yesterday during a ceremony at shipbuilder VT Halter Marine, Inc


Draft Restriction at Panama Canal Postponed

 Gatun and Alhajuela Lakes

  The Panama Canal Authority (ACP) has issued an updated Advisory to Shipping to alert all Canal shipping agents, owners and operators that water conditions at this time do not warrant the need to institute a second draft restriction, which was tentatively scheduled for September 15, 2015


DONG Becomes Lead Developer of UK's Offshore Wind Hornsea Zone

Photo: DONG Energy

Denmark's DONG Energy has become the lead developer of Britain's Hornsea Zone offshore wind scheme after it bought the project rights to the second and third phases of the development Mainstream Renewable Power and Siemens Financial Services.


GC Rieber Shipping Earns Well

Ernest Shackleton, Polar Research Vessel. Photo: GC Rieber Shipping

 GC Rieber Shipping has more than doubled its net profit for the second quarter and recorded a year-on-year increase in profit on more vessels in operations and currency gains. However it has warned of a continued focus on shorter contracts in the future.  


Hapag-Lloyd Advances Listing Plans to September

German container shipping group Hapag-Lloyd aims to launch preparations for a stock market flotation in September, earlier than initially planned, four sources familiar with the transaction told Reuters on Thursday. That would permit the company's shares to trade on the Frankfurt stock exchange


Syrian Refugee Arrives on Greek Mainland

Syrians want to get to northern Europe. A car ferry carrying just over 2,400 Syrian refugees arrived on the Greek mainland on Thursday as a wave of migrants fleeing conflict and poverty continued unabated, straining a country which is already in economic crisis.


EMGS 2Q Revenue Falls

EMGS reports second quarter 2015 results

  Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 12.1 million in the second quarter 2015, down from 32.3 million in the previous quarter and from USD 42.5 million in the second quarter 2014. Contract sales ended at USD 4


Obituary: Elmer Morley - Founder, Maritime Professional Training

Elmer Morley (Photo: MPT)

March 20, 1930 – August 17, 2015   Elmer Morley, Maritime Professional Training’s founder, long time chief engineering instructor, father, grandfather, great grandfather and loving husband, lost his battle with pancreatic cancer in the early morning hours August 17.  


Fugro Showcases New Survey Ship in Texas

Fugro Americas (Photo: Fugro)

Making her debut at the Martin Midstream Dock in Galveston, Texas, Fugro’s new geophysical survey vessel, the Fugro Americas, was showcased to clients, with more than 100 in attendance, the company announced.   Fugro gave guided tours of the newbuild vessel, with geophysical


Former Petrobras Exec Sentenced for Samsung Drillship Bribe

Petrobras 10000 (Image: Transocean)

A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and money laundering related to a bribe allegedly paid to the speaker of Brazil's lower house of Congress.  


New PLA Catamaran Hull Completed

The first of the hulls of the PLA’s new survey vessel is removed from the mould at CTruk’s Essex yard (Photo: CTruk)

The hull structures for the Port of London Authority’s (PLA) new 17-meter survey catamaran have been completed by shipbuilder CTruk.   The two composite hulls were removed from the mold after several weeks of lay-up work and are now undergoing first stage fit out with fuel tank and


Clarksons Post Robust 2H Performance

Courtesy Clarksons

  Clarkson PLC, world’s leading shipping services group, reported robust performance during the six months ended 30th June 2015. Summary  Robust performance despite continued challenging market conditions in some of our markets


Programmed Multikopter Flies Autonomously Through Arctic

Alfred Wegener Institute programmed a Multikopter

  How do you get an aircraft in the far reaches of the Arctic Ocean to the goal, if the compass does not provide reliable location data? Engineers aboard the research icebreaker Polarstern of the Alfred Wegener Institute programmed a Multikopter so that he can navigate near the North Pole


Second Commercial Vessel at New Hamad Port

Image: Hamad Port

 Hamad Port welcomed its second commercial  carrying the second shipment of cranes which includes four Ship to Shore (STS) Cranes and six Rubber Tyred Gantry (RTG) Cranes, says a report in the Gulf Times.   This, along with other key developments






 
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