Ship Deal News

U.S.-based  Advanced Polymer Coatings (APC) has signed a major multi-ship deal to recoat ten tankers with Turkish ship management firm Chemfleet.The deal was signed at Chemfleet’s Istanbul office by APC’s global marine manager, captain Onur Yildirim, and its Turkey marine manager captain Koray Karagoz. According to Captain Yildirim, APC now holds 80% of the Turkish marine coatings market having coated and repaired more than 450 vessels since establishing in the country in 2001.He said the new contract followed a third special survey of the chemical tanker fleet…

The Texas A&M Maritime Academy said it has been notified by the U.S. Department of Transportation Maritime Administration (MARAD) that the National Security Multi-Mission Vessel (NSMV) expected to arrive on its Galveston campus in 2025 will be named the Lone Star State.The ship, which is slated to be built by Philly Shipyard, is the fourth in a new series of vessels specifically designed to support both maritime training needs and disaster response capabilities.“The Galveston…

France's defense ministry said on Wednesday that defense firm Naval Group had won a 1.2 billion euro ($1.35 billion) contract to build four Gowind navy corvettes for Romania, as it looks to ensure security in the Black Sea.The deal, which will also see Naval Group renovate two existing Romanian frigates, ensures the delivery of the first ships in 2022."Romania becomes the first European country, but also the first NATO country, to acquire this type of warship," the French defense ministry said in a statement."The Godwin has the ideal capacity to ensure security in the Black Sea…

Austal USA was awarded a $261.8 million contract for the 13th and 14th Expeditionary Fast Transport ships (EPF) by the U.S. Navy, bringing the total value of the 14-ship deal to slightly more than $2 billionThe EPF’s large, open-mission deck and large habitability spaces provide the opportunity to conduct a wide range of missions from engagement and humanitarian assistance to disaster relief, and from maritime security support operations, to intelligence, surveillance, and reconnaissance.

Positive momentum in the cruise sector continues, as Fincantieri signed a $543M contract with Norwegian Cruise Line Holdings Ltd.  for the construction of one new ultra-luxury cruise ship for the Regent Seven Seas Cruises brand to be delivered in 2023.The new vessel will be a sister ship to “Seven Seas Explorer”, which took the sea in 2016, and to “Seven Seas Splendor”, due to delivery in 2020. With about 54,000 tons, the unit will be able to accommodate up to 750 guests on board and she will be the brand’s sixth-all-suite vessel in Regent’s fleet. As her sister ships, the new vessel will be built using the very latest environmental protection technologies.

Brazil's Fibria Celulose SA , the world's largest producer of eucalyptus pulp, signed a $636 million shipping deal with South Korea's Pan Ocean Co Ltd, according to a securities filing on Friday.   The deal, approved by Fibria's board in November, involves a so-called "consecutive voyage contract" for five ships until 2035, with an option for the pulp maker to extend the deal by five or 10 years.   Reporting by Brad Haynes

Miami-based cruise line operator Royal Caribbean Cruises Ltd. and Meyer Turku shipyard signed a memorandum of agreement for two next generation cruise ship orders to be delivered in 2022 and 2024. The around 200,000 gross ton large cruise ships under the project name “Icon” will mark the beginning of a new generation of LNG powered cruise ships with a number of innovations such as an application of fuel cells for power generation. Fuel cells are a very energy efficient and clean way to generate electrical energy. “With Icon class, we begin the journey to take the smoke out of our smokestacks", said Richard Fain, chairman and chief executive officer of Royal Caribbean Cruises, Ltd.

During the 11th annual “China Cruise Shipping and International Cruise Expo”, which started today in Tianjin, Fincantieri and China State Shipbuilding Corporation (CSSC), signed a non-binding agreement with Carnival Corporation and CIC Capital Corporation (CIC Capital) for the construction of the first new cruise ships to be built in China for the Chinese market. The understanding is subject to several conditions, including the closing of the joint venture and the financing. As envisaged by the agreement, the joint venture being set up between Fincantieri and CSSC will act as prime contractor for the construction of two new cruise ships to be built at the Shanghai Waigaoqiao Shipbuilding (SWS)…

A new research collaboration between A*STAR’s IHPC, Sembcorp Marine Ltd, University of Glasgow and UGS aims to  make a ship’s voyage more smooth sailing by improving its hydrodynamics and energy efficiency. The four organizations today signed a memorandum of understanding (MoU) to collaborate and develop new hull designs for large ocean-going vessels and make them more environmentally friendly. Under the three-year MoU, IHPC, Sembcorp Marine Ltd, University of Glasgow and UGS will use computational modeling and visualization technologies to design vessels with improved hydrodynamics for better fuel efficiency. In addition, they will collaborate and innovate on features to reduce harmful exhaust emissions and discharges by enhancing the vessel’s scrubber and ballast treatment systems.

The Board of Trustees of the Galveston Wharves has approved a 5 year agreement with Royal Caribbean Cruises Ltd., that will generate a minimum US$1.86-million in annual operating revenues for the Port of Galveston. The Port explains that the agreement requires making improvements to the Port's Cruise Terminal No. 2 to accommodate larger vessels and more passengers. Initial plans are to increase the size of the terminal, expanding it to 150,000 square feet with the capacity to seat about 1,000. This expansion is estimated to cost approximately $10 million.

Sinopacific Shipbuilding Group and Marine Capital Ltd (MCL) have entered an agreement for the construction of four Crown 63 bulkers to be built at Yangzhou Dayang Shipyard, China. The deal, which is worth over $100 million, marks another significant step for MCL in its management activity, the compnay said. It is understood the bulkers, a new model of super fuel-efficient ships with the added advantage of significant reduction in CO2 emissions, are destined for MCL’s vehicle Eclipse Shipping and will be operated by MCL in the open market.

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.

According to a Reuters report, The U.S. Navy said on Sept. 17 it would award a winner-take-all contract for up to 10 new ships designed to fight close to shore as part of a revised acquisition strategy. The Navy canceled a split-buy approach after concluding that economies of scale would be necessary to afford all 55 "littoral combat ships" or LCS it aims to buy. (Source: Reuters)

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. But a global credit squeeze and recent warnings from Korean regulators against debt-financed buyouts mean a successful buyer will have to give up some of their assets or pay hefty fees to win the world's third-largest shipbuilder.

STX Shipbuilding Co., the world’s fifth-largest shipyard, said Wednesday (Mar. 26) that it has won an order valued at  $594m to build four ships, Korea.net reported. The deal with a European shipping company calls on STX Shipbuilding to deliver the very large crude carriers by November 2011, the company said in a regulatory filing. With the deal, STX Shipbuilding has won $1.9 billion worth of deals so far this year, up 36 percent from a year earlier. Shipyards in , the world’s top shipbuilding nation, have won record orders in recent years as demand has surged for vessels to transport raw materials to and goods to the rest of the world. Shares of STX Shipbuilding closed down 0.47 percent at 333,850 won on the bourse.

Cruises Limited (RCCL), out of the Meyer Weft shipyard in Papenburg, Germany. The contract is worth $3.2 million in total. to leave the yard imminently. launched next year and in 2004. Each ship will be fitted with 4500 detectors and 1000 Control & Indication interface units for doors, fire dampers, low location lights, sprinkler valves and other systems. In addition, three Autromaster 5000 Color Graphic Indication and Control System units will be installed to control each ship's Fire Detection System. and smoke concentration to high voltage lines. all cruise ships should install local buzzers in all cabins. after 90 seconds, allowing the public address system to be heard. need for extra cabling, which drastically reduces the cost of installing this important safety measure.

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 four ship deal will see KMSS installing its 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 to leave the yard imminently. In addition, KMSS will also supply the same systems to two more Radiance Class ships currently in production, to be launched next year in 2004. Each ship will be fitted with 4500 detectors and 1000 Control & Indication interface units for doors, fire dampers, low location lights, sprinkler valves and other systems.

Kvaerner ASA and Overseas Shipholding Group, Inc. signed an agreement in principle in which Kvaerner Philadelphia Shipyard, Inc. subsidiary which will bareboat charter them to subsidiaries of OSG for initial terms of five or seven years, with extension options for the charterer. For Kvaerner, the proposed transaction is valued at more than $500 million. The agreement in principle is subject to, among other conditions, approval by the Boards of Directors of Kvaerner and OSG, preparation and execution of final agreements and relevant government approvals. "The proposed construction of ten Jones Act Product Tankers by KPSI is one of the largest commercial ship building transactions undertaken by a U.S.

DRS Technologies Inc. has won a $7m contract from Daewoo Shipbuilding & Marine Engineering Co. to provide a high-speed network to expand communications on a Korean destroyer. DRS already outfitted another Korean destroyer with the same technology under a contract previously awarded by the Special & Naval Shipbuilding Division of Hyundai Heavy Industries Co. The Buffalo, N.Y.-based division of DRS is expected to complete the work by May 2010. The company will manufacture, install and test the network to insure communications between the legacy systems and the latest commercial off-the-shelf-based systems. Source: Business Week

According to reports, BAE Systems and VT Group plan to relaunch their British shipyards as big exporters of warships if a planned restructuring of their interests can be agreed. BAE and VT, formerly Vosper Thornycroft, are in talks to merge their shipbuilding assets, which include the Govan and Scotstoun yards on the Clyde and VT’s Portsmouth dock. The Times has learnt that the operational plans are well advanced and the aim is to create an entity capable of representing the UK in international markets. Britain’s once-dominant shipbuilding industry has been in decline since the end of the Second World War. British yards still build equipment for the oil industry and some specialist vessels…

Carnival Corporation & plc announced it has reached an agreement with Italian shipbuilder Fincantieri for the construction of four new cruise ships worth more than $2 billion. The agreement calls for the construction of four new vessels, one each for Holland America Line, Carnival Cruise Lines, Princess Cruises and Costa Crociere, along with options for two additional vessels, one each for Carnival Cruise Lines and Holland America Line. The four new ships will add a collective 11,756 lower berths to the cruise operator's fleet. Two of the orders have been placed in U.S. dollars and two others are in euros. According to Carnival Corporation & plc Chairman and CEO Micky Arison…

Carnival Corporation & plc announced it has reached an agreement with Italian shipbuilder Fincantieri for the construction of four new cruise ships worth more than $2 billion. The agreement calls for the construction of four new vessels, one each for Holland America Line, Carnival Cruise Lines, Princess Cruises and Costa Crociere, along with options for two additional vessels, one each for Carnival Cruise Lines and Holland America Line. The four new ships will add a collective 11,756 lower berths to the cruise operator’s fleet. Two of the orders have been placed in U.S. dollars and two others are in euros. According to Carnival Corporation & plc Chairman and CEO Micky Arison…

According to reports, Romanian and British anti-fraud officials said on Friday they were investigating a 2003 deal in which two used British naval ships were refurbished by defence company BAE Systems and sold to Romania. Romania's anti-graft watchdog said it launched an inquiry into the $214m deal to buy former Royal Navy type 22 frigates, HMS Coventry and HMS London, but did not specify which part of the deal was under investigation. It is said that British officials were looking into suspected corruption linked to the refurbishment deal for the ships, noting that in connection with its probe two people had been arrested and released without charge this week in London. Source: Reuters