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Ship Bulk

UltraStrip Signs Agreement with BAE Systems

UltraStrip Systems, Inc. announced the signing of a five year exclusive agreement with BAE Systems ship yard subsidiaries in San Francisco and San Diego to provide its patented robotic automated waterjetting technology equipment and services. UltraStrip's robotic technology will perform high speed coating removal services to the shipyard's customers, including U.S. Navy vessels, oil tankers, cruise ships, bulk carriers, and container ships. BAE Systems San Francisco and BAE Systems San Diego are subsidiaries of BAE Systems Ship Repair, Inc., a group of companies owned by U.K. based BAE Systems.


Northrop Grumman Introduces New ECDIS-E

Northrop Grumman Corporation is introducing the VisionMaster FT Electronic Chart Display and Information System-E (ECDIS-E), a new cost-effective navigation solution for commercial tankers, container ships, bulk carries and passenger ferries including retrofit installations. Based on the Northrop Grumman Sperry Marine VisionMaster FT platform, the new ECDIS-E combines an optimized feature set with easy to install hardware


COSCO Signs Contracts with Four Shipyards

Xinhua reported that COSCO Group, China's leading shipping and logistics service provider, inked in Boao, Hainan Province on Saturday contracts with four domestic shipyards to build 66 ships. Zhang Fusheng, a COSCO spokesman, did not disclose the total value of these shipbuilding contracts but said they summed up to a record amount for the shipping giant. The move is to help meet China's strong demand for shipping as the country's fast economic development gives rise to more imports of


Sperry Marine Gets Contract

The U.S. Naval Sea Systems Command has awarded a contract to Northrop Grumman Corporation  to supply integrated bridge systems (IBS) for three U.S. Navy cruisers. The indefinite-delivery indefinite-quantity contract, valued at $2.72m, was awarded to Northrop Grumman’s Sperry Marine business unit. Under the contract, the new-generation IBS, running on Sperry Marine’s Voyage Management System (VMS) software, will be back-fitted onto three guided-missile cruisers (CG).


American Club Expands E-Learning Offering

The American P&I Club has added to its library of e-learning modules released in cooperation with IDESS IT in the Philippines. The new module covers compliance with The Code of Practice for the Safe Loading and Unloading of Bulk Carriers (BLU Code). The aim is to familiarize members and their crews with the code’s requirements for bulk carriers, terminal operators and other parties involved in the safe handling of solid bulk cargoes.


Seanergy to Acquire Bulk Energy Transport

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIPW) announced that it has entered into an agreement with Constellation Bulk Energy Holdings, Inc. to acquire Seller's 50% ownership interest in Bulk Energy Transport (Holdings) Limited for a nominal cash consideration. The remaining 50% of BET is owned and will remain under the ownership of affiliates of the Restis family. BET is a provider of worldwide ocean transportation services through the ownership of a fleet of five dry bulk carrier


New Vessels for FESCO to be Built in China

A series of new vessels will be built in China for the Far-Eastern Shipping Company (FESCO). According to reports, the contract on building of four bulk carriers at the Chinese shipyard Quingshan Shipyard in the city Ukhan was made. Every bulk carrier will be 623 x 104 ft., deadweight 57,000 tons. Every vessel will be equipped with four loading cranes. The bulk carriers will work at transportation of bulked cargo - corn, coal, ore, pipes and others.


Star Bulk Takes Delivery of Supramax Vessel

Star Bulk Carriers Corp. has taken delivery of the Star Cosmo, a Supramax bulk carrier of approximately 52,247 dwt, built in 2005. The vessel comes with a staggered 3-year charter to Korea Line that commenced on March 17, 2008, at a gross daily rate of $55,900, $41,900 and $27,900 for the first, second and third year respectively. With the delivery of Star Cosmo, Star Bulk's operational fleet currently consists of twelve dry bulk carriers


Eagle Bulk Shipping Takes Delivery of Supramax Drybulk Vessel

Eagle Bulk Shipping, Inc., a global marine transportation company specializing in the Supramax segment of the dry bulk shipping industry,announced that it has taken delivery of the Shrike, a 2003 built 53,343 dwt Supramax dry bulk vessel. The Shrike was acquired as part of a three vessel transaction announced on February 28, 2007. The Shrike will immediately commence a 24-27 month charter at a rate of $24,600/day. The charterer has an option to extend the charter period by 12-14 months at a


COSCO Turnover Down on Most Fronts in Q2 2013

The Group achieved net profit attributable to equity holders of $12.0 million on turnover of $890.3 million in Q2 2013, 8.7% down on the same period last year. Group turnover declined by 8.7% to $890.3 million in Q2 2013 from $975.3 million in Q2 2012 due to the decline in dry bulk shipping and shipyard revenue. Turnover from shipyard operations decreased by 8.7% to $877.2 million in Q2 2013 from $960.8 million in Q2 2012 mainly due to lower revenue contribution from ship building and ship


DNV GL Examines Container and Bulk Shipping Trends

The DNV GL Container Ship Forum in Hamburg gave an overview of current trends in the container sector (Photo: DNV GL)

DNV GL’s latest Container Ship Forum and Bulk Carrier Forum looked at a broad spectrum of topics including environmental regulations, trends in ship design as well as the new DNV GL rule set. Some 150 representatives from the container and bulk industry met with DNV GL experts at the forums


Ferus Smit to Launch Newbuild Bulk Carrier

Photo copyright Simon Marrink.

Ferus Smit will launch newbuild general bulk cargo vessel Arklow Brave on Friday, December 12, in Westerbroek.   Arklow Brave is the fifth vessel in a series of six that will be delivered to a client from the city of Arklow, Ireland. The design is a bulk oriented general cargo ship that


Terex Scoops 2 IBJ Awards

IBJ Awards 2014

  Terex® Quaymate M50 mobile harbour crane is Crane of the Year – Dr. Mathias Dobner honored Rotterdam/Düsseldorf, 24 November 2014 – Terex Port Solutions (TPS) has been successful in two categories of this year’s awards


MES Delivers "Eco Friendly" Bulk Carrier

(Source: MHI)

M.V. Hanjin Chiba -- 7th Ship of the New Generation Eco-Ship “Mitsui neo56” -- 56,000 DWT Type Bulk Carrier Delivered Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. “HANJIN CHIBA” (MES Hull No


ClassNK-NAPA GREEN Wins IBJ Awards

ClassNK Chairman and President Noboru Ueda receiving the award

  Vessel performance monitoring and optimization solution ClassNK-NAPA GREEN was named the maritime industry’s top IT system by earning the IT Solutions Award at the International Bulk Journal (IBJ) Awards held at the Beurs-World Trade Center in Rotterdam on 17 November


Mariner Medevaced from Bulker near Alaska

A U.S. Coast Guard (USCG) helicopter crew medevaced a mariner from a 623-foot bulk carrier located approximately 75 miles southeast of Cold Bay, Alaska, Sunday. Coast Guard 17th District Command Center watchstanders received a call from the crew of ALLSEAS MARINE S.A


SCI Declares 1H Financial Results

SCI Tanker

  The Shipping Corporation of India declared its unaudited financial results for the quarter ended 30.09.2014 posting a profit of Rs.18.59 Crores as compared to a loss of Rs.123.53 crores during the quarter ended 30.09.2013. This has resulted in a cumulative profit of Rs.68


ClassNK’s Super Eco Ship for Coastal Trade

Focusing on Super Eco System

  As the Industry waits for the Ministry of Shipping, Government of India to roll out the much hyped policy to boost Coastal Shipping and Inland Waterways transport, ClassNK & Indian Register of Shipping (IRS) took the first step to conduct a workshop on “Super Eco Ship For India


D/S Norden Reports Q3 Loss, Keeps 2014 Guidance

Photo: NORDEN

Danish shipping company D/S Norden reported a smaller-than-expected third-quarter operating loss on Wednesday and maintained its full-year earnings guidance. D/S Norden said its loss before interest and tax was $27.6 million in July-September, against a forecast for a loss of $33


Efficient Coordination of Mega-ship Calls at Hamburg Port

Ultra Large Container Ships on the River Elbe

  The number of ultra large vessels calling at the Port of Hamburg has been on the increase for years. This is resulting in some major challenges for the port operators, shipping companies and authorities. With the introduction of the Nautical Terminal Coordination (NTK)


G E Shipping to buy Product Tanker

Image

  The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a Medium Range Product Tanker of about 48,700 dwt on 4th November, 2014. The 2004 Japanese built vessel is expected to join the Company’s fleet in the current quarter.


Recent Vessel Sales: October 2014

Vessel sales for October 2014  (as of November 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported – Vessel Name – DWT – Built  (Age) – Price in Millions USD   Bulk Carriers 10/01 - NIKOL H - 24,159 - 97 (17) - $4.5


Freight Rate Peak Forecasted for 2016

Newport Shipping Group Chairman Harald Lone said, “Synchronized world economic growth is going to initiate higher demand for dry bulk carriers.”

The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period.


Oshima-built Grain Carrier Delivered in the US

Newly developed bulk carrier with MALS (Photo: MHI)

Today the first unit of a new bulk carrier developed by Mitsubishi Heavy Industries, Ltd. (MHI) was delivered to Archer Daniels Midland Company (ADM) of the U.S., following its completion at Oshima Shipbuilding Co., Ltd. of Nagasaki, an MHI licensing partner.


First Bulk Carrier Delivered to ADM of US

Newly developed bulk carrier with MALS

  The first unit of a new bulk carrier developed by Mitsubishi Heavy Industries, Ltd. (MHI), a vessel offering superlative energy efficiency and environmental performance, was delivered today to Archer Daniels Midland Company (ADM) of the U.S






 
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