Belships has entered into a sale and leaseback agreement with a Japanese counterpart for the ship M / S Belforest. Belforest, 61,000 dwt Ultramax bulk carrier is currently under construction at Imabari Shipbuilding in Japan and will be delivered around 25 September 2015. The ship will at time of delivery be sold and leased back for a period of 12 years with purchase options from year 3 onwards. The transaction is considered as a financial lease and will not have any material impact on the financial figures. Compared to alternative loan financing offer published in the report for 2nd quarter, the transaction will improve Belships cash balance with about USD 4 million at time of delivery. Imabari Shipbuilding Co., founded 1901, is Japan’s biggest shipyard with more than 2,000 ships delivered. The annual production is around 90 ships from 8 yard locations, which equals 23% of Japan’s annual shipbuilding production (grt).
Gibdock completes a refit of the 12-streamer 3D seismic vessel 'WG Cook' for WesternGeco. WG Cook is one of six 12-streamer 3D seismic ships delivered to the owner in 2010. The 19-day project was completed on time and with no serious QHSE incidents in preparation for WG Cook’s deployment offshore Canada for a seismic survey. “The project was awarded on a competitive tender basis, while the location of the yard is also favourable for this project
Spending related to cruises run by Carnival Corp., Royal Caribbean Cruises Ltd. and other lines grew at the slowest pace in at least six years as fewer new ships were launched.Cruise ships traveling to and from US ports and their passengers pumped $32.4 billion into the US economy, a 7.9 percent increase, the International Council of Cruise Lines said in a report released last week, according to a report on Bloomberg.
The U.S. Coast Guard Cutter Dallas (WHEC 716) and the guided-missile destroyer USS McFaul (DDG 74) transit through the Black Sea en route to the Republic of Georgia to deliver humanitarian relief supplies. Dallas is carrying more than 76,000 pounds of supplies, including soap, shampoo, toothbrushes, baby wipes, toilet paper and other necessities. (U.S. Coast Guard photo by Petty Officer 2nd Class Lauren Jorgensen/Released)
The Navy officially accepted delivery of the future USS Independence (LCS 2) Dec. 18 during a short ceremony in Mobile, Ala. Independence is the second littoral combat ship delivered to the Navy, and the first LCS of the General Dynamics variant. LCS is a new breed of U.S. Navy warship with versatile warfighting capabilities, capable of open-ocean operation, but optimized for littoral, or coastal, missions. "Today marks a critical milestone in the life of the LCS 2
LPD San Antonio finally wins Battle Efficiency award Naval Surface Force Atlantic announced that the ship, delivered prematurely and tormented by years of mechanical malfunctions and mishaps, has been awarded the Battle Efficiency award, or Battle “E” — a coveted honor given annually to units that demonstrate the highest standards of performance and efficiency. “Everyone who believes that San Antonio is still broken and on the sidelines will now realize that we
Stelmar Shipping Ltd. announced that it has taken delivery of the Ambermar, a newly built 35,500 dwt Panamax tanker from the STX Shipbuilding Co. ltd (ex-Daedong) in South Korea. Ambermar has entered into a previously announced 18-month time charter with FAMM, the commercial division of ChevronTexaco. Peter R. Goodfellow, Chief Executive Officer and President commented, “We are pleased to have received delivery of the Ambermar
The new generation of giant container ships will be able to access Melbourne's port within three years under plans released yesterday by the Bracks Government to deepen the channels leading to the city's docks, the Australian reported. But figures released along with an environmental effects statement reveal the cost of the dredging project has blown out from $545 million to at least $763 million. And Treasurer John Brumby refused to say how much of the burden would be borne by
A recent report US Government Audit Office (GAO) report, mandated by the House, discussed amongst other issues: (1) quality problems in constructing recently delivered ships and Navy actions to improve quality and (2) key practices employed by leading commercial ship buyers and shipbuilders to ensure quality and how these compared with Navy practices. Excerpts from the report follow: What GAO Found The Navy has experienced significant quality problems with several ship classes
Silver Ships delivered a 48-ft. Endeavor Survey boat to the U.S. Army Corps of Engineers, New Orleans District. The vessel will be tasked with surveying the waters in both the Gulf of Mexico and rivers of the New Orleans District. The all-welded aluminum vessel is designed and engineered by Naval Architect Lou Codega, PE of Smithfield, VA and features a hull form designed to handle the short choppy seas of the Gulf Coast regions.
Austal USA was awarded a $53.4 million contract to procure long-lead materials for the 11th Expeditionary Fast Transport for the U.S. Navy. The award covers materials including main propulsion engines, generators, water jets, main reduction gears, and other long-lead time items.
The latest oceanographic research vessel "Yantar" has arrived at the base of the Northern Fleet in Murmansk region. This was announced by Head of Press Service of the Federation Council Vadim Serga. "The crew has completed the transition from the Atlantic Ocean to the
Seaspan Corporation, a large owner of containerships that charters vessels to liner companies, improved its revenue as well as net result in the first nine months of 2015, a development mainly attributed to new ships delivered this year, notes management.
Austal USA has been awarded a contract for $51,684,797 to its 10-ship $3.5 billion Littoral Combat Ship (LCS) contract for the U.S. Navy. This contract modification is expected to increase to $198,385,545 over three years if options are exercised
The Great Eastern Shipping Company Ltd. (G E Shipping) delivered its 1996-built Capesize Dry Bulk Carrier “Jag Arjun” (164,796 dwt) to the buyers on 26th February, 2015. The company had contracted to sell the ship earlier this month.
A new program that expedites cargo by streamlining container moves is speeding up operations at the Port of Los Angeles. Launched February 25, the "Peel Off" Program has added a new operational model to the Port to clear the current backlog of containers and improve the flow of
Transporter of project, breakbulk and heavy lift cargoes, Intermarine, LLC, has begun “Fleet of the Future” deliveries with the addition and maiden voyage of the newbuild Industrial Grand. The 20,000 DWT, 545 foot multipurpose vessel Industrial Grand features three cranes with
Seanergy Maritime Holdings Corp., a shipping company specializing in the ownership and operation of dry bulk vessels, announced the delivery of the 171,199 dwt Capesize dry bulk vessel M/V Leadership. The vessel was acquired from an unaffiliated third party and was built by Imabari-Koyo
The first cargo ship delivering Iranian goods docked at the Omani port of Sohar, a few weeks after Tehran and Muscat opened a new shipping route. The vessel, titled Genaveh 12, container with a capacity of 96 TEUs
Pioneer Marine, a shipowner and drybulk handysize transportation service provider, announced it has accepted delivery of a 38,464 DWT Green Dolphin eco-design handysize vessel, the M.V. Falcon Bay. The new vessel, which was constructed at Yangzhou Guoyu Shipbuilding Co
The Great Eastern Shipping Company Ltd. delivered the new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt) to the buyers. The vessel was contracted for sale in August 2015. The company had ordered the vessel in July 2013 at the Tsuneishi Heavy Industries (Cebu) Inc
In advance of the United Nations Climate Change Conference in December, the global shipping industry, as represented by the International Chamber of Shipping (ICS), has launched some key messages to government negotiators, explaining the impressive progress the industry is making to reduce
Norwegian tanker shipper Odfjell announced it is upgrading the propulsion systems aboard 19 of its chemical tanker vessels in a move that aims to reduce its fuel consumption and emissions by up to 20 percent. The upgrades, which include the retrofit of new energy efficient propeller
Dry Bulk shipping company Seanergy Maritime Holdings Corp. announced today the delivery of a 56,819 dwt Supramax dry bulk vessel, renamed M/V Gladiatorship. The vessel, which was built in 2010 by CSC Jinling Shipyard, has been employed in the spot market
A 21-foot all-aluminum patrol/rescue boat was recently delivered to the Southampton, N.Y. Bay Constables for its law enforcement mission, the builder Silver Ships, Inc. announced. The Freedom 21 center console boat was designed and engineered for one-man operation, which