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Ship Contract

U.S. Navy Awards Ingalls $620 Million Shipbuilding Contract

Ingalls has been awarded a $620 million contract to build two additional DDG 51 Class Aegis guided missile destroyers for the U.S. Navy. The two-ship contract awarded represents the exercise of an option included in a multi-year, multi-ship contract awarded to Ingalls last year. With the award, Ingalls has 21 Aegis destroyers under firm contract; and holds options for four additional ships which will be awarded over the next two years. Of the 25 ships and options awarded to Ingalls, 11 ships have been delivered. A 12th Ingalls-built destroyer will be delivered in January. The Navy plans a total of 57 ships in the DDG 51 program.


Wärtsilä to Power Project Genesis

Wärtsilä Corporation received a contract from Aker Yards Oy, Finland, in July 2006 for the delivery of the main engines and the transverse tunnel thrusters for the 220,000 grt Project Genesis cruise ship contracted by Royal Caribbean Cruise Ltd (RCL) for operation by Royal Caribbean International. Due for delivery in autumn 2009, this cruise ship will be powered by six Wärtsilä 46 common rail diesel engines. The engines will be incorporated in the ship's diesel-electric power plant


Irving Shipbuilding Buys Dartmouth Waterfront Site

Irving Shipbuilding Inc. has bought the former Maritime Steel and Foundries Ltd. steel fabrication site in Dartmouth as part of its plans to gear up for the $25-billion dollar federal combat ship procurement contract, reports 'The Chronicle Herald'. According to documents filed with Property Online Nova Scotia, title to the 2.4-hectare site at 605 Windmill Rd. was transferred from Cameron Corporation Ltd. to Irving Shipbuilding in June


Troubled Yard Ordered to Hand Over Ship

It has been reported that the shipbuilder Swan Hunter will be ordered to hand over its last remaining warship - which will then be completed at a rival yard in Scotland. The Royal Fleet Auxiliary vessel, the Lyme Bay, will be handed over to BAE Systems at Govan, in a move which is feared could spell the end of shipbuilding at Swan Hunter. The MoD, had become increasingly concerned about the spiralling costs of the dock landing ship contract.


Ocean Ships Inc. Wins Navy MLP Operating Contract

USNS Montford Point: Photo credit NASSCO

Seafarers International Union (SIU) affiliated Ocean Ships to operate 3 new mobile landing platform vessels (MLP) for US Navy. The vessels are being built at General Dynamics NASSCO in San Diego; they are the USNS Montford Point, USNS John Glenn, and USNS Lewis B. Puller. Including options, the Ocean Ships contract is for five years. According to the U.S. Military Sealift Command, the new ships “will be the centerpiece of the Navy’s ‘Sea Base’ concept


Austal Delivers LCS 8 to US Navy

Delivery of the future USS Montgomery (LCS 8) Photo Austal

Austal Limited (Austal) (ASX:ASB) delivered the future USS Montgomery (LCS 8) to the U.S. Navy, during a ceremony held aboard the ship at Austal USA’s shipyard in Mobile, Alabama, USA on 23 June. The delivery of LCS 8 marks the fourth Independence-variant Littoral Combat Ship (LCS) Austal has delivered to the Navy. Austal Chief Executive Officer David Singleton said this is the second vessel that Austal has delivered as the prime contractor and is testament to a lot of hard work in


Austal Celebrates Christening of Tulsa (LCS 16)

Austal Tulsa Christening Photo Austal

Austal USA proudly hosted the christening of the nation’s 16th littoral combat ship (LCS), the future USS Tulsa, here Saturday, Feb. 11. Tulsa (LCS 16) is the sixth LCS in Austal’s 11-ship contract, worth over $3.5 billion. With its shallow draft of 14 feet, the Austal-built Independence-variant LCS is an advanced high-speed and agile 419-foot aluminum trimaran combat ship that combines superior seakeeping


Vietnam Builder Wins Ship Contract

The Pha Rung Shipyard Company, under the Vietnam Ship Building Industry Corporation (Vinashin), on Oct. 9 signed a contract to build five ships for the Forturne Marine Company of the Republic of Korea (RoK), according to a report from the Vietnam News Agency. This contract is significant, as it is Vinashin's first contract to export ships to the RoK. The 110 x 8.2 m, 6,500-ton ships will each cost approximately $11 million.


Vosper Thornycroft “Preferred Bidder” For New Ship Contract

U.K. shipbuilder Vosper Thornycroft Holdings Plc has been selected as preferred bidder by the Ministry of Defense to supply two survey ships in a deal worth up to $150 million. "Our selection as preferred bidder is recognition of our expertise in the U.K. and overseas as a prime contractor," Chief Executive Martin Jay said in a statement. The 90-m vessels are due for delivery in 2002 and Vosper anticipates signing the contract by early summer


Austal Awarded U.S. Navy LCS 8 Contract

The U.S. Navy announced a fixed price incentive contract for the construction of a fourth 127-meter trimaran Independence-class Littoral Combat Ship (LCS 8) valued at $368.6m.  This is the second ship awarded under Austal’s recently announced U.S. Navy contract for construction of up to an additional 10 Littoral Combat Ships to be appropriated in the following five years, with a total value in excess of $3.5b


Tulsa (LCS 16) to be Christened

Courtesy Austal

Austal will host The Honorable Kathy Taylor, ship sponsor, for the christening of the Tulsa (LCS 16) at its Mobile, Ala. shipyard, Feb. 11. Taylor was Tulsa’s 38th Mayor and is currently Chief of Economic Development for Tulsa’s sitting Mayor, G.T. Bynum


Ingalls starts work on destroyer Higbee for US Navy

Paul Bosarge, a steel fabrication burner at Ingalls Shipbuilding, presses button to start fabrication of the Ingalls-built destroyer Lenah H. Sutcliffe Higbee (DDG 123). Photo USN

Huntington Ingalls Industries’ Ingalls Shipbuilding division officially started fabrication of the Arleigh Burke-class (DDG 51) destroyer Lenah H. Sutcliffe Higbee (DDG 123) on Wednesday. The start of fabrication signifies that the first 100 tons of steel have been cut.


GE Shipping Contracts to Buy 2 Suezmax Crude Carriers

 The Great Eastern Shipping Company Limited (GE Shipping) has signed contracts to buy 2 Suezmax crude Carriers of about 157,000dwt each. The 2010 and 2011 built vessels are expected to join the company's fleet in Q4 FY17.   


COSCOL Wins Kazakhstani Heavy Lift Shipping Contract

(Image: COSCOL)

COSCO Shipping Co. Ltd. (COSCOL) said it has been awarded a transportation and logistics contract signed by representatives of all parties on September 27, 2016 in Astana, Kazakhstan. Part of the work under the contract will be subcontracted to COSCOL’s Korean Partners


Deltamarine Bags $4.5m Vessel Design Job

Image:  AVIC International Maritime Holdings Limited

 Deltamarin, a subsidiary of AVIC International Maritime Holdings, has been contracted by Finland’s Rauma Marine Constructions (RMC) shipyard to design a new ro-pax vessel.   AVIC said Deltamarine will provide the Finnish Rauma Marine Constructions Oy shipyard with services for a


Hyundai Heavy Wins Russian Bid for 12-Ship Contract

Photo: Hyundai Heavy Industries Co

 South Korea’s troubled shipbuilder Hyundai Heavy Industries Co. announced that it has been selected as the preferred bidder for a 12-oil tanker contract worth $660 million of Russia’s Sovcomflot, reports Korea Herald.  


Deltamarin Designed Ro-pax Vessel for Mols-Linien

Mols Linien Ropax

Deltamarin Ltd is to provide the Finnish Rauma Marine Constructions Oy shipyard with design services for a ro-pax vessel to be built for the Danish Mols-Linien A/S. Deltamarin’s scope of work includes basic and detail design of the hull outfitting, machinery and cargo areas.


Berth and Billions: Cruise Business Powers European Yards

Graph: Clarkson Research

 In a historically weak contracting environment the cruise sector has seen a strong level of newbuild ordering and investment in the year to date, says a research report by Clarkson.   Cruise lines have continued to expand their fleets, with new markets such as China in their sights


Austal Bags $ 11 mi USS Jackson Modification Contract

Independence variant Littoral Combat Ship USS Jackson (LCS 6) has completed the first of three scheduled full-ship shock trials. (U.S. Navy photo by Michael Bevan)

Austal Limited (Austal) (ASX:ASB) has been awarded a US$11,239,032 cost-plus-fixed-fee contract modification from the U.S. Navy to provide emergent availability planning and full ship shock trials (FSST) support for tests to be conducted on Littoral Combat Ship USS JACKSON (LCS 6).


Diana Shipping Contract for M/V Oceanis With Nidera

M/v Oceanis. Photo: Diana Shipping Inc.

 Diana Shipping Inc.  has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Nidera S.P.A., Roma, for one of its Panamax dry bulk vessels, the m/v Oceanis.    The gross charter rate is US$5,200 per day


Brexit: What Next for Shipping Markets?

Image: Open Europe

 For many in shipping, the Brexit was unexpected. Many believe that Brexit’s impact on the shipping industry will be more or less neutral.   The UK Chamber of Shipping remained neutral on the question of Britain's departure during the runup to the vote.   


US Navy Accepts Delivery of Future USS Montgomery

Official U.S. Navy file photo of Independence variant littoral combat ship

The U.S. Navy has accepted delivery of future USS Montgomery (LCS 8) during a ceremony on June 23 at the Austal USA shipyard in Mobile, Ala.   Marking the official transfer of Montgomery from the shipbuilder to the Navy, delivery is the final milestone prior to commissioning


BIMCO Launches New Standard Agreements for Novation of Shipping Contracts

Photo: Bimco

 BIMCO has published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.   Two of the agreements cover time charter parties; one provides for a change of charterer and the other a change of owner


US Navy Warship Undergoes Shock Trials

Independence variant Littoral Combat Ship USS Jackson (LCS 6) has completed the first of three scheduled full-ship shock trials. (U.S. Navy photo by Michael Bevan)

The U.S. Navy’s Littoral Combat Ship USS Jackson (LCS 6) completes shock trials; Austal USA receives LCS contract modification for 'Sea Giraffe' Radar   The Independence variant Littoral Combat Ship (LCS) program continues to progress, with the U.S


Diana Shipping Contract for Thetis

M/v Thetis. Photo: Diana Shipping Inc

 Diana Shipping Inc. through a separate wholly-owned subsidiary, has entered into a time charter contract with Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Thetis.    The gross charter rate is US$5,150 per day






 
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