Saudi Ports sign contracts for upgradilng ports & rents out shipyard The Saudi Ports Authority has signed contracts worth s total $130 million for develpment and maintenance of ports including: King Abdul Aziz Port in Damman, King Fahd Industrial Port in Yanbu for use of Yasref refining company. In addition a 10-year contract was signed with Al=Balagha Trading Group for the rental of King Fahd Shipyard.
Seaspan Corp has signed contracts for Samsung Heavy Industries Co Ltd to build five new 4,520 TEU container ships. Seaspan has also completed more than $900 million in debt financing with a long-term fixed interest rate of less than 6 percent. The company has signed 12-year time charters for the vessels with Kawasaki Kisen Kaisha Ltd, Japan's third-largest liner operator. The five new vessels are due to be delivered in 2010 and 2011
TransCoastal Marine Services Inc. has signed contracts with a subsidiary of Penn Maritime Inc. for the modification and double-hull conversion of two barges. The work on the two barges will be carried out by TransCoastal's Fabrication and Offshore Group for more than $22 million. The project will begin in July and will extend into the fourth quarter of 2000.
The CBC has reported that Halifax Shipyard has signed contracts to build two luxury cruise ships for Pearl Seas Cruises, a Connecticut-based company. The value of the deal, signed Tuesday, was not made public. Pearl Seas president Charles Robertson said the company chose the Irving Shipbuilding Inc. operation because of the workers, facilities and geographic location. The vessels will carry between 165 to 210 passengers. The first one is expected to begin service in July 2008.
Kronodoc Oy signed a purchase contract with Aker Finnyards Inc., the former Kvaerner Masa-Yards Inc. In addition to the delivery of the Kronodoc product, the contract includes services to implement the Kronodoc product in document management and collaboration functions throughout Aker Finnyards` design processes; to integrate the product to existing yard systems; to migrate data from existing document management systems to Kronodoc; and to train key users and administrators in the use of the
Vacon Plc has signed a memorandum of understanding with Scanfil Plc on production of the Vacon NXL low-power (under 3 kW) frequency converters in Suzhou, China, during the first year-quarter of 2004. The signed contract aims for a long-term cooperation in production and development of Vacon's logistics process. This contract has no impact on employment of Vacon personnel in Finland.
Fincantieri has signed contracts with Minoan Lines to supply two high-speed ferries for delivery in autumn 2001 and spring 2002. The price for each vessel is about $106 million, Fincantieri said. With a gross tonnage of about 36,000 tons, each ship can carry 2,000 passengers, 110 cars and 120 trailers. These are the third and fourth ships that Minoan Lines will have on order at Fincantieri. The earlier vessels, to be named Knossos Palace and Festos Palace, will be delivered in 2000 and 2001
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
Rolls-Royce has signed contracts with a value of about $99m covering delivery of safer deck operations equipment for four anchor handling vessels; two of the contracts are with Karmsund for Ezra in , and two with Aker Yards for K-Line in .
According to a report from Sea Trade Asia, Keppel Offshore & Marine (Keppel O&M) has ended 2008 with additional signed contracts worth $136m through its wholly owned subsidiaries. The new orders include the upgrading and conversion of a Floating, Storage and Offloading (FSO) vessel into a Floating Production, Storage and Offloading facility by Keppel Shipyard for Single Buoy Moorings, the building of two RAmpage 5500 Z-M offshore support tugs by Keppel Singmarine for Seaways
Algoma Central Corporation announces $160 million investment in fleet expansion and fleet renewal Algoma Central Corporation announced that it has acquired a 2009-built handy size self-unloading ocean class vessel, the Gypsum Integrity, from Gypsum Transportation Limited
U.S. Navy Secretary Ray Mabus on Thursday warned that congressional plans for a piecemeal modernization of 11 cruisers would cost billions of dollars more than the Navy's original plan and meant the warships would have to be retired earlier.
OSI Maritime Systems signs contract for the implementation phase of Integrated Navigation and Bridge Systems for the Royal Canadian Navy’s Arctic Offshore Patrol Ship Program OSI Maritime Systems Ltd. (OSI) has signed a contract with Lockheed Martin Canada to build
The National Shipping Co. of Saudi Arabia (Bahri) signed contracts on Thursday with Hyundai Samho Heavy Industries (HSHI) to build five very large crude carriers (VLCCs), with an option for additional five more vessels, the company said in a bourse statement.
Electromagnetic Geoservices ASA (EMGS) has received a signed contract from Tullow Oil Norge AS worth USD 7.7 million for 3D EM data acquisition in the northern part of the North Sea. "We are delighted to work with Tullow again, and also
A relatively steady week in the newbuilding market in terms of volume of ordering remarks Clarkson Hellas in their latest S&P Weekly Bulletin, most for LNG carriers. Dry bulk carriers In Dry, Sungdong Shipbuilding have signed contracts with Teh-Hu (Hong Kong) for one firm plus one option 180
Despite some anticipation in increased activity as the summer holidays come to an end, there are just two orders to report this week both focused on the more specialised markets, says Clarkson Hellas in their latest S&P Weekly Bulletin. Asphalt & Bitumin carriers
Secretaria de Marina orders seventh patrol vessel and a fast crew supplier In August 2014 the Mexican Navy (Secretaría de Marina) and the Netherlands’ Damen Shipyards Group signed contracts for the delivery of the design, material package
From 15 to 17oktomvri 2014. Naval Academy "N. Vaptzarov "hosted a delegation from Georgia led by prof. Sharabidze Irakli - Rector of the State Maritime Academy, city. Batumi, Georgia. Between the two schools of 20.09.2014g
The Port of Tallinn has signed contracts with Remontowa Shipbuilding and Sefine Shipyard shipbuilding facilities for the construction of four new car-passenger ferry boats to be used on the lines between the mainland and major Estonian islands; two ferries are to be built by each shipbuilding
APM Terminals Signs Contract for Wind-Power Generated Electricity for Maasvlakte II Terminal APM Terminals has signed a two-year, €5 million ($6.23 million) contract with Amsterdam-based NV Nuon Energy for the supply of environmentally-sustainable wind-generated electricity to power
The Philippines aims to buy two frigates, two helicopters and three gunboats for deployment in the South China Sea where a territorial dispute with China has lent urgency to the need to bolster forces, a Philippine navy officer said on Wednesday.
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
Bestobell Marine, part of the President Engineering Group, has received its third order in the past 12 months from Hudong Zhonghua shipyard in China. The deal involves the supply of 460 cryogenic miniature needle globe valves per ship for four Teekay/CNOOC/China Shipping Group LNG (liquefied
Rolls-Royce has signed contracts with Bastø-Fosen and Fjord 1 in Norway for azimuth propulsion systems for five new double ended ferries. The ferries are scheduled to enter into service along the coast of Norway in the summer of 2016.