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Ship Deal

Aker Yards Wins Cruise Ship Deal

Aker Yards has announced that the Aker MTW Werft GmbH yard in Germany has won a $377.9 million deal to build two cruise liners. The liners, ordered by Aida cruises Ltd., will be 662.7 ft. (202 m) long and have a capacity for 1,600 passengers. Delivery will occur in the first quarter 2002 and the first quarter 2003.


Latvia Shipping Asks Hyundai To Extend Tanker Deal

State-owned Latvian Shipping has asked South Korean Hyundai Heavy Industries to extend the deadline for signing a $200 million tanker order because of political delays. Latvian Shipping is in the process of having a 44 percent stake sold off. It must receive approval for the shipping deal from the Latvian privatization body - a process, which has been bogged down in political infighting. A deadline for signing a deal with South Korean expires on Oct. 22


KMSS Signs Royal Caribbean Deal

Kongsberg Maritime Ship Systems (KMSS) has secured the contract to supply Fire Detection Systems to four Radiance Class ships run by Royal Caribbean Cruises Limited (RCCL), out of the Meyer Weft shipyard in Papenburg, Germany. The contract is worth $3.2 million in total. The four ship deal will see KMSS installing it’s Autrosafe Fire Detection System with Self Verifying Detectors on the currently sailing ‘M/S Radiance of the Seas’ and the ‘M/S Brilliance of the Seas’, which is due


Shipping Deal Opens Market for BASSnet Software

Indonesia-based logistics and shipping company, PT Pelita Samudera Shipping (PT PSS) has chosen BASSnet  software solutions to enhance the management of its highly valued shipping assets.   Upgrading the efficiency of the well-known ship manning firm marks BASS’ foray into the Indonesian market and reflects its expanding presence in Asia. BASSnet  Maintenance and BASSnet  Procurement modules that PT PSS is deploying demonstrate the best advantages that


Moore Stephens Says Banks Will Take a Firmer Grip

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International accountant and shipping consultant Moore Stephens says the banks will exert more control over the shipping industry in 2013.   It also expects vessel values to fall further, and the cost of regulatory compliance to increase. Moore Stephens partner Julian Wilkinson says, “For shipping in 2012, it was not so much a case of ‘Crisis, What Crisis?’ as ‘Crisis, Which Crisis?’ This year will be equally challenging


Moore Stephens Recommends Exploring Leasing Solutions

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International accountant and shipping adviser Moore Stephens said shipping companies should explore leasing opportunities as a way of adjusting their self-owned and chartered-in tonnage balance in response to the radical changes that have taken place in ship financing in recent years. Phil Cowan, the firm’s Head of Corporate Finance, said, “The traditional thinking of a company needing to own all the resources it uses to operate has been successfully challenged for many years


Daewoo Wins $602m Deal

  Daewoo Shipbuilding & Marine Engineering Co., has won a deal worth $602mto build eight container ships, Korea Times said. The deal with a European shipping company entails Daewoo Shipbuilding to deliver the vessels by January 2011, the shipbuilder said in a regulatory filing. The shipyard has clinched deals valued at $1.9b to build 15 ships so far this year. Daewoo Shipbuilding aims at winning $17.5b worth of orders this year


Bidders Circle $4b Daewoo Ship Deal

Despite a sliding stock market, bidders for 's Daewoo Shipbuilding may have to pay a hefty premium and large fees to snap up the coveted $4 billion asset amid upbeat prospects for the sector. Slow progress in the bidding process due to union protests and delays in selecting a lead manager, which coincided with a retreat in global stocks and a decision to exclude foreign bidders, has benefited potential buyers by reducing competition and the value of the deal by $2 billion from a year ago.


HHI Wins $400m LNG Ship Deal

Hyundai Heavy Industries reported winnning a $400m deal to build two LNG carriers for BW Maritime Pte Ltd, part of Singapore's BW Group, according to a report on Reuters. HHIs is scheduled to deliver one of the two vessels in the second half of 2014 and the other in the first half of 2015. The contract included an option for two additional vessels.


Morgan Stanley says "no assurance" Rosneft Deal Will Close

  Morgan Stanley said on Friday that there is "no assurance" a deal to sell its physical oil trading business to Russian oil company Rosneft will close. The Wall Street bank cited a contractual requirement to get regulatory approvals by year end, and said it "would consider a variety of options" if deal does not close. The news follows a Reuters report last month that Rosneft might back out of the deal because Western sanctions had hurt its ability to finance


K Line to Expand Use of Eco-efficiency Software

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Three further K Line vessels to install ClassNK-NAPA GREEN eco-efficiency software after reporting fuel savings during trials on an 8,600 TEU container vessel   NAPA and ClassNK announced a deal with Kawasaki Kisen Kaisha Ltd. (K Line) to install an eco-efficiency and operational


Indian Shipyard Eyes Foreign Warship Orders

Garden Reach Ship Builders

Garden Reach Shipbuilders and Engineers Ltd (GRSE)  is trying to get a toehold in the international market, eyeing orders worth $425 million to supply warships to the navies of the Philippines and Vietnam.   A Kolkata-based shipyard will enter into the global warship market by bidding


Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.   The strike briefly halted activity at the ports of Timbues, San Martin and San Lorenzo


Sekimizu Welcomes Shipper’s Revised Stance on Ballast Water

IMO Secretary-General Koji Sekimizu has welcomed the reconsideration by the International Chamber of Shipping (ICS) of its position towards the ratification by Governments of the International Convention for the Control and Management of Ships’ Ballast Water and Sediments


Concordia Increases Exposure with Tanker Contract

Stena Supreme

Concordia Maritime takes a position in the Stena Bulk’s Suezmax fleet corresponding to a 50 percent charter of one tanker.   The transaction was done by Stena Bulk and the vessel will operate during one year on the open spot market in the successful Stena Sonangol Suezmax pool


India on Alert After Oil Spill in Sundarbans

Authorities on India's eastern coast are on alert after a tanker and another vessel collided, spilling more than 350,000 litres of furnace oil into the waters of the Sundarban tidal mangrove forests in neighbouring Bangladesh. "We are taking all precautionary measures," Pradeep Vyas


IACS Holds Council Meeting

The International Association of Classification Societies chaired by Philippe Donche-Gay of BV held its December Council meeting yesterday in London.   The flagship Common Structural Rules project for bulk carriers and oil tankers was discussed and a presentation delivered to industry


UN Climate Talks Head for Watered-down Deal

  United Nations climate talks, which ran on into a an extra day on Saturday, are heading for a watered-down deal on limiting global warming, leaving many of the toughest issues for next year's Paris summit. Peruvian Environment Minister Manuel Pulgar-Vidal, hosting the talks


Aker Solutions Wins North Sea Contracts

Norwegian oil services firm Aker Solutions won two offshore contracts, including a 120 million pound ($188.82 million) deal to provide engineering, construction and commissioning services on Statoil's Mariner development in the UK, it said on Monday.


Vistronix Acquires Agency Consulting Group

Vistronix has acquired the Agency Consulting Group (ACG). The McLean Group's Aerospace, Defense & Government Services (ADG) practice served as the exclusive mergers and acquisitions (M&A) advisor to ACG.   Founded in 2004 and based in Columbia, MD


Wärtsilä Acquires L-3 Marine Systems International

Wärtsilä Corporation is to acquire L-3 Marine Systems International from NYSE-listed L-3 Communications Holdings Inc. L-3 Marine Systems International (L-3 MSI) is a business sector within L-3’s Electronic Systems business segment primarily focused on the commercial ship industry


DSME Returns for More Dual-Fuel Engines

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MAN Diesel & Turbo received an order for four MAN B&W 5G70ME-GI engines in connection with Daewoo Shipbuilding & Marine Engineering Co.,Ltd. (DSME) agreeing a deal with the BW Group to build two LNG carriers. The technical engine specification complies with IMO Tier II


White House Takes Aim at Illegal Seafood Trade

Photo: NOAA

A White House task force on Tuesday issued proposals to tighten the grip on the illegal global seafood trade, which the group said causes billions of dollars in losses to the legal fishing industry annually.   Under the plan, the United States would create a program to trace seafood


Sri Lanka Opposition Vows to Scrap China Port Deal if Wins Election

A leader of Sri Lanka's opposition said he would scrap a $1.5 billion deal with China Communications Construction Co Ltd to build a port city if the challenger to President Mahinda Rajapaksa wins next month's election. Chinese President Xi Jinping launched the project


Becker Marine Delivers Rudder for Largest Containership

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Becker Marine Systems delivers rudder for the largest container ship in the world   At 19,000 TEU, the largest container ship in the world is now picking up speed – with a high-performance rudder from the Hamburg-based company.  






 
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