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Seaspan Signs Contracts for 2 Vessels

Hong Kong-based container ship company Seaspan Corp. has signed contracts for two 2500 TEU vessels from Jiangsu Yangzijiang Shipbuilding Co. at an expected delivered cost of $46.4 million per vessel. Seaspan said the two new orders, scheduled for delivery in March and June, are on top of the eight 2500 TEU vessels it ordered last year from Jiangsu. The company said it has arranged simultaneous 10-year charter agreements for the two vessels with Japan's Kawasaki Kisen Kaisha Ltd. at a daily rate of $17,880. Seaspan said it expects each new vessel to contribute between $4.5 million and $4.9 million in annual earnings before interest, taxes and other payments. Source: AP


Havila and Subsea Sign Contract

Havila Shipping ASA and Phoenix International, Inc. signed a 10-year contract, with additional option years, for the newly built SubSea Construction Vessel, Havyard 858. The vessel is scheduled for delivery from Havyard Leirvik during the summer of 2008, and will support oil and gas industry initiatives in the U.S. Gulf of Mexico. The contract has been entered into on market terms.


Wärtsilä Wins Bulk Orders for 72 FPPs

The propeller manufacturer and joint-venture company Wärtsilä CME Zhenjiang Propeller Co Ltd signed contracts in November to deliver a total of 72 fixed pitch propellers (FPP) at a value of approximately EUR 30 million. The company will deliver the propellers to six of China's leading shipbuilders for vessels due to be delivered between 2009 and 2011. The nickel-aluminium bronze propellers, totalling over 2700 tonnes with diameters ranging from 6.1 - 8


OSI to Upgrade Canadian Navy Software

HMCS Toronto in the Arabian Gulf. Credit: Colin Kelley

OSI Maritime Systems Signs Contract with the Royal Canadian Navy to Provide In-Service-Support and an Upgrade to the Most Advanced ECPINS-W Sub 6.0 OSI Maritime Systems announced that it has signed a contract to provide in-service-support for its ECPINS-W Sub software - ECPINS is the only ECDIS independently certified against NATO WECDIS STANAG 4564.  The software is in service across the Royal Canadian Navy surface and subsurface fleet


EMGS Posts 4Q 2014 Results

pic : Electromagnetic Geoservices ASA

  Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 52.5 million in the fourth quarter 2014, up from USD 41.7 million in the third quarter and from USD 44.9 million in the corresponding quarter in 2013. Contract sales totaled USD 25.5 million, while multi-client sales were at USD 27.0 million this quarter. The Company had an EBITDA of USD 18.6 million and a net income of USD 15.1 million. Record-high, multi-client sales


UAE's National Drilling Co. Inks Deal for 14 Rigs

Rigs

  The UAE's National Drilling Company has signed contracts worth $543 million to acquire 14 new rigs, state news agency WAM said on Sunday. One offshore and one onshore rig will be manufactured in the United Arab Emirates (UAE) as part of the deals, WAM said. The new contracts are a reflection of the firm's plans for growth and a result of growing demand from its customers, it said.   (Reporting by Maha El Dahan; editing by Jason


Aker Yards and Color Line Signs Contract for Superspeed Ferries

The Letter of Intent for two Fast Passenger Day Ferries signed on 2 November by Aker Yards and Color Line will today be confirmed as a firm contract worth approx. EUR 250 million. The contract will be signed at a ceremony onboard M/S Color Fantasy in Oslo today, 11 am. The vessels to be delivered during 2007-2008 are intended for the Denmark-Norway services. The working title "Color Superspeed" indicates that the ferry is designed for a high service speed of 27 knots.


Aker Yards Signs Contract with Birka

Aker Yards Lifecycle Services and Birka Line have signed a contract for the refurbishment of the spa area on board the Birka Paradise. The contract is worth approximately $2.7m. The refurbishment is scheduled for completion in January 2008. The scope of work onboard the cruise ship Birka Paradise includes the extension and refurbishment of the spa area (treatment rooms, saunas, showers and other spa facilities). This is the fourth spa refurbishment contract won by Aker Yards in the last


NOL Group Signs Contracts for Containerships

NOL Group confirmed it has signed contracts with Korea's Daewoo Shipbuilding & Marine Engineering Co. and Hyundai Samho Heavy Industries Co., Ltd to build 12 new container vessels, including ten of its largest vessels. The confirmation follows the Group’s announcement on June 15 that it had signed letters of intent with both shipyards for its $1.54 billion newbuild program. The signed contracts are for:


China's CNOOC Place Large Scana OSV Propulsion Systems Order

Image courtesy of Scana Propulsion

Scana Industrier has through its Norway-based subsidiary Scana Propulsion signed contracts with a value around 50 million NOK in second half 2013. The orders are related to delivery of propulsion systems for offshore vessels within China. The contracts are signed with companies within the CNOOC group and includes delivery of gear, propellers, remote controlling and tunnel thrusters for Anchor Handling Supply Vessels and Oil Recovery Vessels. Delivery will be during second quarter 2014.


VEKA Orders Steering Systems for 15 Newbuilds

Last week contracts were signed at the VEKA head office in Werkendam by Stefhan van den Hil from VEKA Group bv (right) and Leo van Zon, Van der Velden Marine Systems B.V. (left).

Last week contracts were signed at the VEKA head office in Werkendam by Stefhan van den Hil from VEKA Group bv (right) and Leo van Zon, Van der Velden Marine Systems B.V. (left).   VEKA Group awarded Van der Velden Marine Systems 15 contracts to deliver complete steering gear and rudder


Tanker Orders And The Flexibility Factor

Chart: Clarkson Research Services Limited

 As the downturn in the number of new vessel orders last year took hold, shipyards’ flexibility to switch sectors to take orders became a key factor in their ability to face up to an extremely challenging period, says Clarksons Research.  


Nauta Yard Cuts First Steel for Trawler Newbuild

Photo: Nauta Shipyard

Newbuilding Department of Nauta Shipyard has begun construction of fully equipped fishing vessel - Ocean Star with a steel cutting ceremony held on April 26. The ceremony was attended by representatives of shipowner, DnV and Warthill Design .


Australia Orders Replacement Replenishment Ships

HMAS Success Photo RAN

  The Government has signed contracts with Navantia S.A. to build Australia’s two replacement replenishment ships, avoiding a critical capability gap.   Australia’s current supply ship HMAS Success will reach its end of life in 2021 and needs to be replaced as a matter of


Greek-US Plan for an LNG Terminal

Photo: Gastrade SA

 Greece and the US are likely to reveal a joint venture to develop a liquefied natural gas (LNG) terminal when US Secretary of State John Kerry makes an official visit to Athens in November.   According to a local news report in eKathimerini


AET Orders Eight Tanker Newbuilds

Photo: AET

AET, an owner and operator of petroleum tankers, has signed contracts worth approximately $500 million combined for the construction of eight new vessels.   AET on Tuesday contracted Korean shipbuilder Samsung Heavy Industries Co Ltd (SHI) for four 113


Korea's Ship Building Orders Dip to 6-Year Low

Image: Hyundai Heavy Industries

 South Korean shipbuilders' new orders in November fell to the lowest level in six years amid woes over their growing losses, Yonhap reports.   Meanwhile, Chinese rivals scooped up a large slice of contracts, according to the data compiled by global researcher Clarkson Research Services


Contracting in Dry Bulk Remains Low - BIMCO

Dry Bulk contracting Courtesy BIMCO

The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the lowest level since 2003. That could potentially sway owners into buying new ships feeding even more into the already oversupplied fleet and worsening


Antwerp Port Makes Big Impression in India

Marc Van Peel, port alderman and Port Authority chairman. Photo Antwerp Port

  A few months ago the Essar Group from India decided to buy back the shares from her daughter company Essar Ports Limited (EPL). Port of Antwerp International (PAI), the international consulting and investment subsidiary of Antwerp Port Authority, set up an alliance in 2012 with EPL


Mexican Navy Orders Three Patrol Vessels

Photo: Damen

The Mexican Navy (Secretaria de Marina - SEMAR) and Dutch shipbuilder Damen Shipyards Group have signed contracts for three, 42-meter patrol vessels in addition to navy’s existing fleet.   The new ships will be of the Damen Stan Patrol 4207 design


APLNG Ships First LNG Cargo from Australian Megaproject

Photo: Australia Pacific LNG

 The first cargo of liquefied natural gas has sailed from the mammoth Australia Pacific LNG (APLNG) facility in Queensland, following a delay of at least two weeks with another carrier waiting to be loaded.   The startup of the APLNG project comes after a slight delay


Zentech Inks Deal for Two Z-210 with CSSC

Zentech’s MOU’s with CSSC Huangpu Wenchong Shipbuilding Co. Ltd. for the construction of two (2) Z-210 mobile offshores units Photo Zentech

Zentech Incorporated of Houston, Texas, USA signed contracts with CSSC Huangpu Wenchong Shipbuilding Company Limited for the construction of (2) Z-210 Mobile Offshore Units. These contracts were finalized based on the Letter of Intent received by CSSC Huangpu Wenchong Shipyard on September 23,2015


Euroseas Gets Newbuild Bulker

Kamsarmax Drybulk Vessels. Image by Paragon Shipping

 Euroseas Ltd, a Greece-based shipping company, took delivery of its newbuilding Kamsarmax dry bulk carrier Xenia and entered into a two-year time charter for its container carrier Evridiki G.   The M/V Xenia was delivered from the China-based Jiangsu Yangzijiang Shipbuilding Co


Yamal LNG Bags Contract for 96% output

Image: Yamal LNG

The Yamal LNG project has signed contracts for the sale of 96% of liquefied natural gas (LNG) it produces, Tass news agency reported, citing Evgeny Kot, head of Yamal LNG.   "96%, practically the total volume of LNG we produce will be sold under long term contracts


Nauta Bags Two Fishing Vessel Orders

Image: Nauta

Nauta Shiprepair Yard in Poland has signed two contracts in recent days for building partially outfitted fishing trawlers for its Danish client Karstensens Skibsvaerft AS.   Within the first order Nauta will produce a partly outfitted vessel with length 69.9 meters and beam 14.2 meters






 
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