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
China shipyards as usual again figure prominently in the weekly round-up of contracts placed in an active market for ocean shipping set out in the latest Clarkson Hellas S+P Weekly Bulletin as follows: Dry bulk carriers Sinotrans Shipping have signed contracts for two firm 78
The Asia-Pacific crude market held steady on Tuesday as traders sought clarity on the supply of June-loading cargoes amid potentially higher Libyan exports. "We are still not quite sure whether it's for real," said a trader with an Asian refiner
Russian Maritime Register of Shipping (RS) is to undertake ship construction survey for the Lukoil Group. This project follows the RS effective cooperation with one of the major RF oil companies in developing offshore hydrocarbon resources.
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
Leevac Shipyards Jennings LLC, of Jennings, LA, a subsidiary of Leevac Shipyards, LLC signed contracts with Hornbeck Offshore Services, LLC, an affiliate of Hornbeck Offshore Services, Inc. (NYSE:HOS) of Covington, La., for the construction of two STX Marine SV 310 Multi-Purpose Supply
Offshore energy services provider Jaya Holdings Ltd. announced that the Group has signed contracts for three of its four newbuild platform supply vessels (PSVs) ahead of their delivery dates from the shipyard. The total value of these three contracts is more than $60 million
The first electrically propelled liquefied natural gas (LNG) carriers, each at 174,000 cubic meters, to be built in China will incorporate power and propulsion systems developed and built by GE’s Power Conversion business. Hudong-Zhonghua Shipbuilding Group
United Arab Shipping Company (UASC) has signed contracts to build some of the world’s largest and greenest container ships, and all will be classed by DNV. Hyundai Heavy Industries, Korea (HHI) is to build the five 18,000 TEU ships. In addition, there will be an option for one more
Matson Signs Contract With Aker Philadelphia Shipyard For Two New "Aloha Class" Containerships, First Ship To Be Named The Daniel K. Inouye. Matson, Inc., a U.S. carrier in the Pacific, announced today that its subsidiary, Matson Navigation Company, Inc
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.
Maritime services provider Inchcape Shipping Services (ISS) is celebrating the further expansion of its global footprint, following the opening of a new office in Map Ta Phut, Thailand. This new opening takes the ISS worldwide network to over 300 offices
Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), began production activities today on the first product tanker that it is building for its joint venture with Crowley. Crowley and APSI have signed contracts for the first four
Container ship newbuildings figure most active in the latest weekly news from Clarkson Hellas, with the majority of orders placed with China and Korea shipbuilders. Dry bulk carriers Clients of Diana Shipping reports Clarkson Hellas in its Weekly Bulletin have announced a further order for one 82
Gazprom board members at the South Stream Transport B.V. joint company in Amsterdam noted significant progress in the project. Approval was given for the signing of pipe supply contracts for the first of 4 lines of the 931-kilometer offshore gas pipeline &
Transas Marine has signed contracts with the Bulgarian Ports Infrastructure Company (BPI Co) for the implementation of two significant Vessel Traffic System projects in Bulgaria. The first project involves completion of the second phase of the Bulgarian River Information Services project