Marine Link
Friday, March 29, 2024
SUBSCRIBE

Signs Contracts News

25 Jan 2017

Diana Shipping Signs Contracts with Cargill, Noble

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,  announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva. The time charter was extended for one of its Capesize dry bulk vessels, the m/v Baltimore, for a period of minimum thirteen (13) months to about sixteen (16) months. The gross charter rate is US$11,300 per day, minus a 4.75% commission paid to third parties. The new charter period is expected to commence on February 3, 2017. The Baltimore is a 177,243 dwt Capesize dry bulk vessel built in 2005.

03 Sep 2015

Otto Marine Signs Contracts to Supply 2 AHTS Vessels

Go Offshore,  wholly-owned subsidiary of Otto Marine has entered into an agreement for two long-term anchor handling tug supply (AHTS) charter contracts worth USD25.2 million with a large oil and gas company. The two contracts are in respect of two 16,000 brake horsepower (bhp) large anchor handling tugs supply vessels. None of the Directors or controlling shareholders of the Company has any direct or indirect interest on the above transaction other than through their respective shareholding interests, direct or indirect in the Company, Go Offshore or Go Marine. The transaction is expected to have a positive impact on the consolidated net tangible assets per share or earnings per share of the group for FY15.

05 Mar 2015

Bestobell Bags Hat Trick Order in China

Photo courtesy of Bestobell Marine

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 natural gas) Carriers to be built at the shipyard, which will be chartered by BG Group. Bestobell Marine has already secured orders for its cryogenic globe and check valves, as well as its unique FLIV (float level isolation) valves…

17 Sep 2012

Immarsat Contracts 'Global Express' Satellite Terminal Manufacturers

Inmarsat signs contracts with initial land satellite terminal manufacturing partners for its forthcoming Global Xpress® service. Cobham Satcom, Paradigm Comm and Skyware Global will manufacture 0.6 to 2.4 metre aperture terminals to deliver up to 50Mbps downlink speeds. The range will cover fixed, transportable, 'fly-away' and 'manpack' terminal types. The terminals have been specifically designed for operation in the Ka-band and will utilise a new core module developed by VT iDirect to provide state-of-the-art capabilities. Scheduled for service introduction in 2014, Global Xpress will offer unprecedented high data rate (HDR) bandwidth and global coverage.

05 Jul 2012

Ultrabulk Orders Handysize Bulk Carriers

Denmark-based Ultrabulk has placed an order with a major Japanese ship yard for the construction and delivery of one new generation super ECO-designed handysize bulker of 38,000tdw size for delivery in 2014, with Ultrabulk’s option to extend the order with one additional vessel. The vessel(s) will be equipped with an electronic main engine as well as other equipment and systems which are expected to improve the fuel efficiency of the vessels by more than 15% and reduce the CO2 emissions correspondingly compared to similar sized handysize bulkers already delivered. This order is the first super ECO-designed newbuilding order placed by Ultrabulk in executing their long term strategy of fleet renewal and expansion.

01 May 2012

Offshore Accommodation – Edda Builds, Signs Contracts

Photo credit Edda Accommodation

By entering into these two new contracts, Edda Accommodation has secured the utilization of Edda Fides until the end of 2013. The contracts include general construction, transport and accommodation support for the construction of new offshore oil and gas installations. Including options, the new contracts are worth 150 million US dollars. As a result of the successful experience with Edda Fides, Edda Accommodation has now started the process of building two additional monohull accommodation vessels. The designers of these two vessels will be Salt Ship Design.

29 Mar 2012

Diana Shipping Signs Contracts for Two Dry Bulk Carriers

Athens, Greece - Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that it has signed, > through separate wholly-owned subsidiaries, two shipbuilding contracts with China Shipbuilding Trading Company, Limited and Jiangnan Shipyard (Group) Co. Ltd., for the construction of two Ice Class Panamax dry bulk carriers of approximately 76,000 dwt each for a contract price of $29 million per vessel. The Company expects to take delivery of the vessels during the fourth quarter of 2013. Excluding the two vessels described above and the previously announced  Newcastlemax new-building dry bulk carrier expected to be delivered during the second quarter of 2012…

09 Feb 2012

Harvey Gulf Inks LNG OSV Contracts

Dual Fuel Offshore Supply Vessel

Harvey Gulf signs contracts to buld two additonal U.S. flag LNG-powerd vessels. Harvey Gulf International Marine ordered two additional 302’ X 64’, Dual Fuel Offshore Supply Vessels, bringing its total order to four. The contract signed today with Trinity Offshore is a follow on to the first two vessel order placed in October of 2011. Trinity will build all four vessels at their Gulfport, MS shipyard where the first Harvey Gulf LNG Powered Vessel hull fabrication was started last week.

27 Jun 2011

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. * Upgrade of ten 8,400-TEU vessels to 9,200-TEU vessels with Daewoo Shipbuilding & Marine Engineering Co. Singapore-based NOL also announced that it had agreed to charter five of the newly ordered 14,000-TEU container vessels to alliance partner, Mitsui O.S.K. Lines (MOL) when they are delivered in 2013 and 2014.

04 Jun 2008

Strategic Marine to Build Eight Crewboats

Australian shipbuilder Strategic Marine is making the most of the current high demand for offshore vessels in international shipping markets by building eight aluminum crew boats on a speculative basis. In a move which is expected to boost its revenues by over $40m, the company will build six 40m vessels at its shipyard, and two 52m crew boats at its new Mexican yard at . Western Australian marine services company Samson Maritime has already ordered two of the new 40m crew boats after signing a contract worth $9.8m.

22 Feb 2008

Conrad Signs Contracts Totaling $50.3m

Conrad Industries, Inc. $84.5 million at December 31, 2006. new addition to Conrad’s portfolio of products. inland waterway operation. barges that range in size from 120’x30’x7’ to 192’x42’x10’. Orange Shipbuilding facility. 600 people. over other designs submitted in the bidding process. ferry.

16 Oct 2001

Senesco Signs Contracts

Southeastern New England Shipbuilding Corporation announced that it has signed contracts for the construction of three barges and pier floats that have an estimated value of approximately $3 million. The first contract is for the Hughes Marine out of New Jersey. The contract calls for the construction of a 160 ft. deck barge. This project, the fourth such project Senesco has handled for Hughes, is expected to take eight weeks. The second contract with Cashman Equipment of Boston is for the construction of two identical deck barges that are 180 ft. in length and have heavy dek loading capabilities. The vessel wil be used as a construction barge and will be able to hold 4,000 lbs. per sq. foot, while most industry vessels are capable of supporting 2,000 lbs. per sq. foot.

07 Jan 2004

Ribcraft Signs Contracts with USCG, USAF

Ribcraft USA entered into a multi-boat contract with the U.S. and will supply the U.S. Mitigator 7.8 m boat. The Air Force order represents the first in a series of orders from federal, state and local agencies for this newly launched craft. The Ribcraft Mitigator will be used in conjunction with the Air Force's Para Rescue activities along the Florida coastline. The Patrick Air Force Base Para Rescue team will use this new RIB for near shore rescue and recovery operations for the airfields and occasional space launches. In addition, they will use the Mitigator for routine training and preparedness exercises. The new 25-ft. RIBCRAFT…

30 Nov 2001

Keppel FELS Signs Contracts with Diamond Offshore

Keppel FELS Limited (KFELS), the offshore arm of the Keppel Group has secured contracts worth a total of $77 million from Diamond Offshore Drilling Inc for the upgrades of a semi-submersible, Ocean Rover and a jack-up rig, Ocean Tower. This comes after a $34 million contract from Diamond Offshore for the upgrading of four jack-up rigs in July this year. These contracts were secured as a result of KFELS’ services and the outstanding work it is performing on Ocean Baroness, presently in the final stages of an extremely challenging deepwater upgrade in KFELS’ Pioneer Yard in Singapore. Tong Chong Heong, managing director of KFELS said, “We are very pleased that Diamond Offshore has chosen us to be a partner in the enhancement of their fleet of vessels.

13 Dec 2001

Bouchard Signs Contracts With Bollinger

Bouchard Coatwise Management, Corp., Hicksville, N.Y., one of the largest operators of double hull articulated tug/barge ATB units in the U.S., has joined the list of Bollinger Shipyards, Inc. customers with the signing of a contract for Bollinger to build two 6,000 HP tugs, and two double-hull, clean product ocean-going barges that meet the requirements of the Oil Pollution Act of 1990 (OPA ’90). One will have a 110,000-barrel capacity and the other will be able to carry 135,000 barrels. Terms of the contract were not disclosed. The tugs will be built at Bollinger’s Lockport, La., division and the barges will be constructed at Bollinger-Gretna in Harvey, La.

19 Jun 2007

Omega Signs Contracts for Five New Tankers

Omega Navigation Enterprises, Inc. has signed shipbuilding contracts with Hyundai Mipo Dockyard in South Korea, to construct and acquire five newbuilding double hull handymax product tankers each with a capacity of 37,000 dwt. Four of these product tankers are scheduled for delivery in 2010 starting in the first quarter of 2010, with the fifth scheduled for delivery for February 2011. The agreed purchase price of the five new buildings is $44.2m per vessel. Predelivery payment terms provide for 10% in early July 2007 and 10% in mid December 2007. No further progress payments will be due until mid 2009. These first two installments will…

23 Apr 2007

COSCO Signs Contracts with Four Shipyards

Xinhua reported that COSCO Group, China's leading shipping and logistics service provider, inked in Boao, Hainan Province on Saturday contracts with four domestic shipyards to build 66 ships. Zhang Fusheng, a COSCO spokesman, did not disclose the total value of these shipbuilding contracts but said they summed up to a record amount for the shipping giant. The move is to help meet China's strong demand for shipping as the country's fast economic development gives rise to more imports of energy resources and more auto imports and exports, said analysts. Wu Bangguo, Chairman of the Standing Committee of China's National People's Congress, attended the signing ceremony on the sidelines of the annual conference of the Boao Forum for Asia.

02 Apr 2007

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

25 Sep 2006

Vinashin Lines Signs Contracts

According to reports, the Vinashin Lines Ltd Co, a subsidiary of Vietnam Shipbuilding Industry Corporation (Vinashin), signed two major shipbuilding contracts this week in Hai Phong. Under the first contract, the Ha Long Shipyard will build one 54,000-tonne ship, 190m long, 32.4m wide and 17.8m high, and with 9,480 horsepower, capable of running at 14 knots. Matching the largest ships yet built in Vietnam, the 54,000-ton vessel will be built at a cost of about $30m. The Ha Long Shipyard will start construction of the vessel in the 4th quarter of 2006 and launch the ship by the end of 2007. Source: Business in Asia Today

28 Jun 2006

Concordia Maritime Signs Contracts with Lukoil

Concordia Maritime has signed two-year timecharter contracts for the V-MAX vessels Stena Vision and Stena Victory with Litasco, a subsidiary of the Russian oil company Lukoil. The new time charters will begin immediately upon expiration of the current charter contracts with the American oil company Sunoco at the end of 2007. The vessels are chartered in from Arlington Tankers Ltd until the end of 2009. With the new time charter contracts Concordia Maritime has secured employment for the entire period.

24 Feb 2006

Vinashin Signs Contracts at VietShip

Reports indicate that Vietnam Shipbuilding Industry Corporation (Vinashin) signed 18 contracts worth more than $400 million at VietShip in Hanoi yesterday, showing the growing interest in the country’s shipbuilding industry. Under the contracts, Vina-shin will supply three 8,700-DWT ships to Kanematsu of Japan and ten 4,600-DWT ships to Clipper of Denmark. Vinashin deputy general director Le Loc said Vinashin and the Chinese company Camso had signed a US$200-million contract to build a shipyard in the Nhon Hoi Economic Zone in the central province of Binh Dinh. Vinashin also secured contracts with the two local companies, Northern Food Corporation and Southern Food Corporation for rice shipments to the Philippines, Cuba and Scandinavian countries.

20 Jul 2001

Chiles Offshore Signs Contracts With Shell

Chiles Offshore has executed two firm nine-month contract extensions with Shell Exploration & Production Company for the use of the ultra-premium jackup drilling rigs the Chiles Magellan and the Chiles Columbus in the U.S. Gulf of Mexico. The Chiles Magellan has worked for Shell since May 2000 on a well-to-well basis and will start its nine-month contract period at the beginning of August 2001. The Chiles Columbus recently began working for Shell and will start its nine-month contract period at the beginning of September 2001. "We are pleased to extend our excellent working relationship with Shell, which began over one year ago with the Chiles Magellan and now also includes the Chiles Columbus.

18 Aug 1999

TransCoastal Signs Contracts Totaling $22M

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.