Marine link
 

Second Hand Vessels

India Eases Norms For Ship Imports

India has eased norms for the import of ships, the government announced last week. Import of ships by open general license (OGL) under a bareboat charter-cum-demise method, which is similar to hire-purchase, will not need a technical clearance by the government, but will need an evaluation of the import price, officials said. "The price reasonableness (evaluation) and interest margin on rental payments will be verified by ICICI," a government spokesperson said, referring to bareboat charters. ICICI is one of India's leading finance firms. "However, the price reasonableness will be required only if the value of the imported vessel on CIF (cost, insurance and freight) basis is more than 10 million rupees," he added. New vessels imported under open general license will no longer need technical clearance and price evaluation, but the vessel at the time of registration will be surveyed by principal officer, Mercantile Maritime Department, and deficiency in the vessel, if any, will have to be removed before registration. Import of second-hand vessels with a CIF value of less than $230,000, will also not need technical clearances and price evaluation. The spokesperson said second-hand vessels that do not have a minimum "economic life" of five years will not be allowed to be imported under the guidelines.


Moody's Downgrades MC Shipping

Moody's Investors Service downgraded the senior unsecured rating for bonds issued by MC Shipping Inc to Caa3 from B3. The downgrade reflects the company's deteriorating unencumbered asset base, high leverage, tight liquidity position, weaker operating performance and continuing difficult market situation. Moody's lowered the senior implied rating for the group to Caa2 from B2 and the issuer rating to Ca from Caa1.


Costamere Report Favorable Financial Results

Costamare Inc report unaudited financial results for the third quarter and nine months ended September 30, 2012. 
 Greek-based Costamere is a leading owner and provider of containerships for charter. The Company has a fleet of 57 containerships, with a total capacity of approximately 329,000 TEU, including 10 newbuild containerships on order. Financial highlights:     •    Voyage revenues of $94.9 million and $291


Knightsbridge Reports 2013 Results

Highlights:   Knightsbridge reports net income of $3.0 million and earnings per share of $0.10 for the fourth quarter of 2013. Excluding the results from discontinued operations, the company reports net income of $3.5 million and earnings per share of $0.123 for the fourth quarter. Knightsbridge reports EBITDA from continuing operations of $7.0 million and EBITDA from continuing operations per share of $0.24 for the fourth quarter of 2013.


Saigon Shipmarin to Build First Vessels for Export

The Saigon Shipbuilding and Maritime Industry Company (Saigon Shipmarin) signed a contract with Japan's Kanematsu Corp. to build two 6,500-tonne cargo vessels. These are the first cargo vessels that Saigon Shipmarin, a member of the Viet Nam Shipbuilding Industry Corporation (Vinashin), has built for export. The first vessel is expected to be handed over in March 2007 and the second, in July. The company has invested over VND 300 billion (over US $18 million) to expand its production scale


Russian Shipyard Cuts First Metal for Mistral-class Warship

Mistral-class Ship: Photo credit Wikimedia CCL

Baltic Shipyard cuts metal for the hull of  first Mistral-class amphibious assault ship for construction in France. Russia and France signed a US$1.2-billion contract on two French-built Mistral class ships, including the transfer of sensitive technology, in June 2011. Under the contract, STX France will carry out the final assembly of the hulls from 24 blocks produced in Russia. STX France handed over in July the first batch of technical documentation on the Mistral project to Russian


China Shipyard Delivers Bulk Carrier to Greek Owners

COSCO Dalian Shipyard has delivered a 57.000 dwt bulk carrier to Common Progress Co Na S.A. of Athens COSCO (Dalian) Shipyard Co., Ltd ("COSCO Dalian"), a subsidiary of the Company's 51% owned COSCO Shipyard Group Co., Ltd, has delivered a bulk carrier of 57000DWT, "COMMON FAITH", to its European buyer. The bulk carrier measures 189.99 meters in LOA, 32.26 meters in breadth and 18 meters in depth.


Diselenginetrader.com Connects Buyers and Sellers

Norwegian Maritime Equipment A/S, who trade in new and second hand equipment worldwide, had an urgent inquiry from one of their customers for a diesel engine to power a generator set. The situation was rescued and a suitable engine was found at Delta Trading BV in Holland by searching in www.DieselEngineTrader.com. Trond Paulsen of Norwegian Maritime said, “The Internet is a very important tool in our daily work. www.DieselEngineTrader


HHI and Transas Hand New Vessel Over to PRISCO

The New tanker Pavel Chernish built by Hyundai Heavy Industries Ltd as part of the 1599 – 1603 project, was handed over to the Primorsk Shipping Corporation (PRISCO). Pavel Chernish is a vessel of ice class 1A according to the DNV classification and fully complies with the requirements of Exxon Neftegaz Ltd, subsidiary of Exxon Mobile. The tankers are designed for oil transportation within the Sakhalin – 1 project. The second tanker of the series will be handed to PRISCO in the near future


Caroline Oetker & Ida Oetker

CO1 WEB.jpg

Two New Ships for A.O. Schiffahrt In May 2012, A.O. Schiffahrt celebrated the christening of the Kamsarmax bulk carrier Caroline Oetker at the yard of Taizhou Catic Shipbuilding, near Shanghai. The sister vessel Ida Oetker was due to be christened at the same location on June 26. Both ships have a capacity of 82,000  dwt, and measure 229 x 32 m.  Sponsor of the Caroline Oetker was Daniela Oetker, wife of Alexander Oetker, owner of A.O


Seaspan Takes Delivery of New Containership

Image: Seaspan Corporation

 Seaspan Corporation (SSW) has accepted delivery of a 14000 TEU containership, the YM Wellhead.    The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's second 14000 TEU SAVER design containership and third delivery in 2015.  


LEEVAC Delivers 2nd PSV to Aries Marine

Photo: LEEVAC

On April 8, 2015, LEEVAC Shipyards, LLC delivered the second of two LEEVAC-designed 270 ft., diesel-electric, DPS-2 FIFI I Offshore Support, ACC Platform Supply Vessels, the Ram Country to Aries Marine Corporation.   The Ram Country, likes its sister ship, Ram Nation


Jason Dunham Sailors Paint Bulgarian Orphanage

USS Jason Dunham (DDG 109) Executive Officer Cmdr. Kevin Hoffman answers questions, while providing a tour of the ship by for children from a Bulgarian orphanage Courtesy USN

  On a chilly April 4, day, Sailors from USS Jason Dunham (DDG 109) boarded a bus to Princess Nadejda Orphanage in Varna, Bulgaria, paint brushes in hand, for an afternoon with local children excited to spend time with their new American friends.


Nor Lines Readies New LNG Cargo Ship

MV Kvitbjørn (Photo courtesy of Nor Lines)

Nor Lines’ new flagship MV Kvitbjørn is ready for its naming ceremony and regular operation as “the most environmentally friendly ship in the world,” the vessel’s owner announced. The naming ceremony will take place on April 16 at Skagenkaien in Stavanger, Norway.


Greek Fleet (Still) Rules

Maran Gas Asclepius

Since ancient times, maritime trade has been a backbone of Greece’s economy with shipping playing the dominant role. Today, it is the second largest contributor to the national economy after tourism. It is the country’s geography with a coastline almost that of the U.S


India's First Indigenously Built Attack First Scorpene Submarine Launched Into Water

INS Kalvari: Indian Navy

 Indian Navy's first Scorpene class stealth submarine, Kalvari, on Monday was undocked at the Mazagon Docks Limited (MDL) in Mumbai.   The diesel-electric vessel INS Kalvari was built by Mazagon Dock Limited in collaboration with France’s DCNS


China to Link Maritime Silk Road with India's 'Mausam'

Map: PIB

 China has expressed its readiness to work with India to link its ambitious Maritime Silk Road plans with India's 'Mausam' project in a bid to address New Delhi's strategic concerns and derive "common benefits", reports PTI.  


ST Marine Celebrates Naming of Vessels

RNOV Shinas (Photo courtesy of ST Marine)

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Naming Ceremony today for the second Patrol Vessel (PV), RNOV Shinas, and the interim delivery for the first vessel RNOV Al Seeb, built for Royal Navy of Oman (RNO).


Methanol Powered Ferry Launched in Baltic Sea

 The Stena Germanica (Photo courtesy of Stena Line)

Swedish ferry operator Stena Line has announced that it has converted the Stena Germanica to run on methanol, an industry first.   The company spent $24 million on converting the ship to methanol. The ferry re-entered service on March 26, serving its route on the Baltic sea between Kiel


Malaysia Detains Nigerian Bandit Vessel

The Viking is the 2nd of the “Bandit 6” poaching vessels to be detained this month. (Image courtesy CCAMLR)

 The Nigerian flagged fishing vessel, Viking, has been detained in Malaysia for violations of Malaysian maritime law.   Malaysian authorities have indicated that the Viking will also be investigated for alleged illegal, unregulated, unreported (IUU) fishing violations.   


First Supramax Vessel for Japan-Italy Venture

Image by d’Amico Società di Navigazione SpA

 'DACC Tirreno' was delivered at the Oshima shipyard in Japan yesterday, the first of four Supramax bulk carriers for the dACC Maritime Limited fleet, the joint venture established by the Coeclerici and d’Amico Groups.   The 60,000dwt vessel, measuring 200m long and 60m wide


Swire Pacific Offshore Acquires 2 Newbuildings

Joint Naming ceremony of Pacific Centurion & Pacific Goldfinch

  Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel, and Pacific Goldfinch, a Platform Supply Vessel (PSV) at the dual vessel naming ceremony held on Tuesday


SAL Heavy Lift Performs Offshore Windfarm Work

Overboarding the test beam (Photo: SAL Heavy Lift)

MV Lone proves as project platform for Wikinger wind farm   SAL Heavy Lift informs it has completed the second phase of the Wikinger Pile Testing Campaign with DP II Class vessel MV Lone. Once again, MV Lone served as project platform for SAL Heavy Lift customer Bilfinger.  


Swiber Gains $405.6 mi Contracts

Courtesy Swiber Holdings

  Business momentum is fast picking up at Swiber Holdings Limited despite the downturn in the oil and gas industry as the Group clinches a total of US$405.6 million for a series of contracts, including its latest US$333 million contract for Engineering, Procurement


ABS Updates Guidance on LNG Bunkering

Image courtesy of Harvey Gulf

  ABS has updated its guidance on LNG Bunkering in North America to support the transport sector's increasingly rapid transition to the use of cleaner fuels. The second edition of ABS' Bunkering of Liquefied Natural Gas-fueled Marine Vessels in North America was released today






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright