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Six Vessels

SCI Orders Tankers from Hyundai Heavy

Shipping Corporation of India has placed orders with Hyundai Heavy Industries of Korea for four Aframax Crude Oil Tankers and two LR-II size Product Tankers. The formal shipbuilding-contracts for six vessels were recently signed. Source: The Hindu

Box Ships Takes Delivery of Containership

Box Ships Inc.bmp

ATHENS, Greece, May 19, 2011 – Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, announced today that it has taken delivery of the MSC Siena, a 4,546 TEU container vessel built in 2006, from an unaffiliated third party and the CMA CGM Kingfish, a 5,095 TEU container vessel built in 2007 from Paragon Shipping. The MSC Siena has a fixed rate period time charter term expiring in January 2014 with Maersk at a gross

Genco Shipping to Acquire Six Drybulk Vessels

Genco Shipping & Trading Limited announced that it has agreed to acquire six drybulk vessels with an average age of approximately 2 years from affiliates of Evalend Shipping Co. S.A. for an aggregate purchase price of approximately $336m. The acquisition is subject to the completion of customary additional documentation and closing conditions. Genco plans to finance the acquisition through borrowings under its $1.4b revolving credit facility.

WaveMaster Lands Innovative Ten Ferry Order

WaveMaster International has won a contract for ten 118 ft. (36 m) high-speed aluminum monohull ferries for delivery to Singapore. With firm contracts for the initial six vessel order already placed, financing has been arranged through Singapore-based Caterpillar Credit Services Asia, a subsidiary of Caterpillar Financial Services. Both the shipyard and purchaser have signed options for the remaining four vessels included in this innovative project.

Star Bulk Takes Delivery of Third Vessel

Star Bulk Carriers Corp. announced that it has taken delivery of the M/V Star Kappa (ex E Duckling), a Supramax vessel of 52,055 dwt built in 2001 in Japan. Star Kappa is an addition to the initial fleet, was acquired for USD 72 million and is the third vessel to be delivered to the Company following the completion of the Redomiciliation Merger. Star Kappa has a Time Charter employment contract at a gross daily rate of USD 47,800 with earliest expiration date of September 23, 2010.

Box Ships Recieves First Two Containerships

Box Ships Inc., (NYSE: TEU), a global shipping  company specializing in the transportation of containers, announced that it has taken delivery from Paragon Shipping Inc., of the Box Trader and the Box Voyager, two 3,426 TEU high specification vessels built in 2010.  Both vessels have a remaining fixed rate period time charter term of 16 months  (with charter option of  plus / minus 45 days) with CSAV Valparaiso Chile at a gross daily charter rate of $20,000.  

Eastern Echo Orders Seismic Vessels

Eastern Echo Holding Plc signed the shipbuilding contracts with Dubai Drydocks and the design and equipment contracts with Ulstein Design AS, for two seismic vessels, each capable of towing up to 12 streamers. The shipbuilding contracts conclude and replace the original letter of intent (LOI) announced on the 20 September 2007. ‘We are pleased to announce the signing of these contracts today with Dubai Drydocks and Ulstein Design AS

BMT, Ares to Deliver Patrol Boats for Bahrain Coast Guard

Photo: BMT

BMT Nigel Gee (BMT), a subsidiary of BMT Group, has announced its latest partnership with Ares Shipyard to design and build six 18m patrol boats from advanced composites, for the Bahrain Coast Guard which have a maximum design speed in excess of 35 knots. The contract also has an option for an additional six vessels. Undertaking the full detailed design including hull form optimization, structural design and machinery layout

Port of Redwood City Reports Tonnage Boost

Image: Port of Redwood City

Coming off of a strong second quarter for cargo tonnage, the Port of Redwood City's tonnage for all commodities in the first half of fiscal year 2013/2014 reached 829,681 metric tons, an increase of 24 percent over the same period last year. Imported sand and aggregates from British Columbia accounted for 642,480 MT, more than 77% of the tonnage for the first half of the fiscal year. This was nearly a 45% increase in the amount from the same period last fiscal year.

CMA CGM Christens Its Largest Ship

The CMA CGM KERGUELEN’s godmother, Mrs Catherine Hayot, closed the ceremony by launching the bottle of champagne that broke on the vessel’s hull and by stating the traditional sentence

The CMA CGM Group announced that the CMA CGM Kerguelen, the group’s largest vessel, was christened in Le Havre, France. The christening took place in presence of Jacques R. Saadé, Chairman and Chief Executive Officer of CMA CGM Group, the vessel’s godmother Catherine Hayot, and of many institutional and political representatives, partners and clients. Latest of the CMA CGM fleet’s vessels, the CMA CGM Kerguelen was delivered on March 31

Samudera in $70mln LNG Deal

Photo: PT Samudera Indonesia Tbk

 Samudera Indonesia has won a $70 million contract for supplying liquefied-natural gas to a power plant operated by state gold miner Aneka Tambang in Pomalaa, Southeast Sulawesi.   The company will assign one of its 50 ships to serve the plant, managing director Bani Mulia said

First LPG Carrier Order for MHI Shipbuilding

LPG carrier (Image: MHI)

Mitsubishi Heavy Industries Shipbuilding Co., Ltd., a group company of Mitsubishi Heavy Industries, Ltd. (MHI), announced it has received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier.   

Nasdaq's Second Delisting Warning to Globus Maritime

Photo: Globus Maritime

 Nasdaq-listed Greek dry bulk shipowner Globus Maritime has received notification from Nasdaq indicating it is in breach of Nasdaq Global Market requirements because the closing bid price of the company’s common stock has been under $1 for the last 30 consecutive business days.  

Stena Bulk Orders Tankers from China

Photo courtsy of Stena Bulk

Stena Bulk has placed an order for three 50,000 dwt IMOIIMAX MR tankers with the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME), formerly Guangzhou Shipyard International (GSI), in Guangzhou.   It has also taken out an option on a further two vessels

CMA CGM Christens 18,000 TEU Mega Ship

CMA CGM Georg Forster (Photo: CMA CGM Group)

The CMA CGM Group’s largest vessel, CMA CGM Georg Forster, was christened today in Hamburg, Germany.   The new ultra large vessel, a 398-meter-long, 18,000 TEU containership, is the second in a series of six vessels of the same size that will enter service for CMA CGM in 2015

SIPG to Acquire 79.2% of Jinjiang Shipping

Shanghai Shengdong International Container Terminals. Photo: SIPG

 Shanghai International Port Group Co (SIPG) is all set to acquire 79.2% stake in intra-Asia container line Shanghai Jinjiang Shipping for up to RMB1.94bn ($312.58m).   SIPG plans to buy a 48% stake in Jinjang Shipping currently owned by Shanghai International Group, as well as a 31

Analysts Expect Rise in Reefer Capacity

Photo: CMA CGM

Reefer containership capacity to increase 20 percent by 2018 - Drewry   Though specialized reefer fleet is shrinking and shows no signs of reversing in the future, the reefer containership fleet has increased by 15 percent year-on-year and is set to grow 20 percent by 2018

CMA CGM Upgrades Europe-Africa Service

Worldwide shipping firm the CMA CGM Group announced plans to upgrade its services joining Europe to Africa, altering its EURAF 1, EURAF 2 and EURAF 4 services with the goal of providing a more complete service offering to Africa, North Europe and the Mediterranean.  

Maersk Line 1H 2015 Profit Up 22%

Maersk Headquarters

  Maersk Line reported a first half-year 2015 (H1) result that is USD 220 million higher than H1 2014. This was achieved due to lower costs. Revenue in H1 was USD 12,517 million, which is 6.8% lower than H1 2014 (USD 13,365 million). Volumes were 1.1% higher

Naval Guns Chosen For Canadian Arctic Patrol Ships

BAE Systems will produce up to six modified 25mm Mk 38 Machine Gun Systems for the Royal Canadian Navy’s Artic patrol ships. (Photo: BAE Systems)

Irving Shipbuilding of Canada has awarded BAE Systems a contract to deliver up to six modified 25mm Mk 38 Machine Gun Systems for the Royal Canadian Navy’s Arctic Offshore Patrol Ship (AOPS) program. The award also covers spare parts, technical support, and long-term field support services

Six Pirate Attacks off Singapore


 Several pirates attacks were reported during the weekend in Straits of Malacca and Singapore to six cargo vessels passing through.    On August 21 and 22, six vessels while underway in the eastbound lane of the Traffic Separation Scheme in the Straits of Malacca and Singapore

MSC Upgrades Europe-West Africa Service

Port Rotation Rotterdam-Antwerp-Bassens (Bordeaux)-Sines-Casablanca-Las PalmasLas Palmas-Conakry-LuandaDakar-Rotterdam

  As part of our objective to continually improve our services to customers, MSC is delighted to announce an upgrade to its Angola Express service with a first sailing of the MV Nikolas from Rotterdam on 18th September 2015. MSC will deploy six vessels with a nominal capacity of 2

Sanctioned Shipyard Hopes for Icebreaker Deals

On a sunny day on the Helsinki seafront, sparks fly from steel welding at the bustling Arctech shipyard, which seems insulated from Finland's economic recession as it strives to meet an order book that stretches into 2017. The world's biggest manufacturer of icebreakers

Sanmar Built Vessel Join Svitzer’s Fleet

Tugboat Shipyard at Tuzla Bay. Photo: Sanmar Tugboat

 Sanmar Shipyard Tuzla has built M/T Svitzer Amstel (Boğaçay XII) will join Svitzer’s fleet at the Port of Amsterdam, The Netherlands.    The vessel measures 24.4m x 11.25m with a 60 tonne bollard pull derived from a pair of 3512 C Caterpillar engines

BSM to Manage 6 Maersk Line Box Ships

Photo: Maersk Line

Bernhard Schulte Shipmanagement (BSM) announced that it will take over full management of six containerships on behalf of Maersk Line A/S. Presently managed in-house by Maersk, the six vessels ranging in size from 2,500 to 11,000 TEU. Over the next five years

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