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Signs Two

Labroy Marine Wins Contracts

Singapore shipbuilder Labroy Marine said on Wednesday it has signed two shipbuilding contracts worth $58.9m in total. Labroy, whose regular customers for offshore support vessels are in the United States, Europe and the Middle East, said the two ships are to be delivered in 2009. Source: Reuters


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


Conrad to Build Tugs for Bay-Houston and Suderman & Young

Conrad Industries, Inc. has signed two contracts for construction of two 98-ft., Z-Tech 7500 Class Terminal/Escort Tugs with Bay-Houston Towing Co.and Suderman & Young Towing Company, L.P. These ABS -classed tugs will provide harbor tug services for LNG vessels calling at the Freeport LNG terminal which is currently under construction in the Port of Freeport, Texas. G&H Towing Company of Galveston, Texas will operate the two tugboats.


CNOOC, Newfield Sign PSC contracts

China National Offshore Oil Company Limited (CNOOC Ltd) announced that its parent China National Offshore Oil Corporation (CNOOC) has signed two production sharing contracts (PSC) with US-based Newfield Exploration Company. The two contracts are for blocks numbered 22/15 and 16/05, both in the South China Sea. Block 22/15 in the Beibu Gulf Basin in the western South China Sea covers 5,228 square km, with water depth of 10 to 60 meters.


EMGS Receives New contract From Tullow Oil

BOA Thalassa

  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, encouraged to see contract coverage in the Norwegian waters continue to develop favorably. Adding a multitude of contracts to our multi-client activities this year should result in the most active year in Norway to date," said Roar Bekker


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. The B – 436 unit will be ready to hand over in March m2017. This vessel will be similar to the other seiners – Kvannoy and Beinur – which Nauta has built for Karstensens Skibsvaerft AS


Tesoro Affiliate Secures Additional Tankers in Aker Philly Build Program

Charter agreements have been signed for two more of the 10 Jones Act commercial product tankers being built at Aker Philadelphia Shipyard. The agreements were made between Gold Star Maritime Company, an affiliate of Tesoro Corporation (Tesoro), and Overseas Shipholding Group Inc. (OSG), which has partnered in the new fleet with Aker American Shipping (AKASA), parent company of the shipyard. As part of the Aker group of companies, Aker American Shipping, in conjunction with its subsidiaries


CHS Agreements with Jeppesen Marine

Jeppesen Marine signed two license agreements with the Canadian Hydrographic Service (CHS) in May. The first is a CHS Value-Added Reseller (VAR) agreement authorizing Jeppesen Marine to integrate CHS products and updates into its own value-added products for the marine industry. The second agreement makes Jeppesen Marine an authorized dealer of official Canadian Hydrographic Service Digital Charts, including CHS Electronic Navigational Charts (ENCs) and BSB raster charts


Diana Acquires Two Containerships

Diana Containerships Inc. (Nasdaq:DCIX), signed two Memoranda of Agreement with APL (Bermuda) Ltd. for the purchase of two Panamax container vessels, the m/v "APL Sardonyx" and the m/v "APL Spinel". The m/v "APL Sardonyx" is a 1995-built vessel of approximately 4,750 TEU capacity and the m/v "APL Spinel" is a 1996-built vessel of approximately 4,750 TEU capacity. The purchase price for each vessel is $30 million


Tankship, Gas Carrier, Containership Newbuilds: Latest Orders

Ships bow: File photo

Reported business this week has been focussed on the tanker, container and gas markets, says Clarkson Hellas in their latest S&P Weekly Bulletin. Tankships Whilst under discussion for some months, Knutsen NYK Offshore Tankers have now signed two firm plus two optional 160,000dwt Shuttle Tankers at HHI. Delivery of the firm vessels is planned from end 2016, with options into 2017. In Japan, a yet unknown European owner is understood to have contracted a single 50


SCF's Profit Zoom Fourfold

Sovcomflot is Russia’s largest shipping company, and one of the global leaders in the maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil & gas production. Photo SCF

SCF Group (PAO Sovcomflot) reported steep jump in their net profit to USD 354.5 million from USD 83.9 million in the earlier year. Its gross revenue increased by 7.6 per cent to USD 1,483 million (2014: USD 1,378 million) and its time charter equivalent revenue rose by 18


Four Damen Tractor Tugs for Svitzer

Photo: Damen

Global towage operator Svitzer has signed a contract with the Damen Shipyards Group for four ATD 2412 tugs as part of Svitzer’s ongoing fleet renewal program. All four tugs are being built at Damen Song Cam Shipyard in Vietnam. Demonstrating the advantages to be gained from building vessels


Petrobangla, Excelerate Energy Deal for LNG terminal

Photo: Excelerate Energy Singapore Pte Ltd

 Petrobangla has signed an agreement with Excelerate Energy Singapore Pte Ltd to establish a floating storage and re-gasification unit (FSRU) at Maheshkhali to facilitate the supply of 500 mmcfd imported liquefied natural gas to the country.  


Polar Cruise Ships: Rolls-Royce Signs $33M Deal

Hurtigruten (Photo: Rolls-Royce)

Rolls-Royce has signed a contract worth about $33m with the ship building company Kleven in Norway for design and ship equipment to two new polar cruise vessels, with an option for two additional vessels.   The contract between Kleven and Rolls-Royce follows the conversion of a letter of


Diana to Acquire Two Post-Panamax Containerships

Diana Containerships Inc. announced that yesterday it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated third party two Post-Panamax container vessels, the m/v Rotterdam and the m/v Hamburg.


CMA CGM 2Q Post Higher Profit

CMA CGM

  In the second quarter, CMA CGM demonstrated the strength of its business model by significantly outperforming the market, despite a sharp fall in freight rates and industry overcapacity:   * Volumes carried during the second quarter increased by 6.2% year-on-year, to 3


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


BTӦ Orders Damen ASD Tug

Photo courtesy of Damen Shipyards

Sweden-based BogserTeam Ӧresund (BTӦ), part of MarCon gruppen, recently signed a contract with the Damen Shipyards Group for the delivery of a Damen ASD Tug 2810. MarCon gruppen is currently experiencing growth and is undertaking a program of renewal and expansion to its fleets.


Diana Shipping Time Charter Contract for Seattle with SwissMarine

M/V Seattle. Photo: Diana Shipping Inc

 Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,  has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with SwissMarine Services S.A


ABB Services Over 300 Turbochargers for CSCL

Photo: ABB

New service contract covers a further 113 turbochargers     ABB Turbocharging, part of the power and automation technology group, announced it has signed its third and largest Operation Performance Package service agreement with China Shipping Container Lines (CSCL)


India Bullish on Maritime Industry

Nitin Gadkari, Minister of Shipping. Pic: nitingadkari.org

 For the development of maritime sector in the country, India has rolled out some important projects and signed MoUs, asscording to the Ministry of Shipping.   India signed an MoU with Iran for developing Chahbahar Port. An SPV, Indian Ports Global Ltd has been formed with equity


Fincantieri Inks Shipbuilding Deals with Iran

Shipbuilding group Fincantieri said it has signed a number of framework agreements with some primary Iranian companies.   The preliminary understandings were reached in the presence of the Prime Minister Matteo Renzi and the President of Iran Hassan Rouhani on an official visit in Italy and


Aragon, Yiwu Sign for the "Train of Silk"

Yixinou sets the record for the longest train journey in history: 13,052 kilometers between the Chinese city of Yiwu and the Spanish capital Madrid Photo: Xinhua

 The regional government of the northern Spanish region of Aragon and the Chinese city of Yiwu signed an agreement to maximize the benefits of the Yixinou freight train, which links the Chinese city and Madrid, the capital of Spain, reports Xinhua.  


Antwerp Port to boost Indonesia's Infrastructure

Deal Signed at Belgium-Indonesia Maritime Summit Photo Antwerp Port

The Indonesian government has ambitious plans for major infrastructure projects in the near future in order to give a massive boost to the country’s economy, already the largest in South-East Asia. Its shopping list includes among other things the construction of dozens of ports to serve the


COSCO, Vale Ink 27-year Iron Ore Transport Pact

A ValeMax bulk carrier at the berth (File image: Vale)

China COSCO Shipping Corporation and Vale have signed a 27-year-long agreement that will see the Chinese shipping giant carry 16 million tonnes of iron ore per year for the Brazilian miner. The agreement was signed between the two companies at a ceremony in Beijing on Friday






 
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