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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


Yangzijiang Bags Orders for Six VLOCs

Photo: Yangzijiang Shipbuilding Group

 China’s biggest private shipbuilder Yangzijiang Shipbuilding Holdings Ltd has won orders for six dry bulk carriers worth a combined US$510 million.   The 400,000 DWT very large ore carriers (VLOCs) are the largest dry bulk carriers ever awarded to the group


Turkish ARKAS Line Sets Course for Hamburg

For the first time a vessel from Turkish ARKAS Line is expected in the Port of Hamburg on April 20. The WANDA A is deployed in the West Africa Express Service (WAX) operated by ARKAS and Hapag-Lloyd and will be cleared at HHLA Container Terminal Altenwerder


AET Buys Paramount Tankers

Photo: AET

 American Eagle Tankers (AET), a subsidiary of Malaysian shipping line MISC Bhd, said that it will acquire all the remaining shares of Paramount Tankers, making the latter its wholly owned subsidiary.   AET will acquire Golden Energy Tanker Holdings’ 50% stake in Paramount Tankers


AET Buys All of Paramount Tankers

image Eagle-Virginia Photo AET

AET will purchase the remaining 50% of Paramount Tankers that it currently jointly own (under a 50/50 joint venture agreement) with Golden Energy Tanker Holdings. Paramount Tankers is a JV which owns and operates six Aframax vessels. Commercial management is delivered by AET and technical


Marorka to Deploy Vessel Performance Solutions

Photo: Marorka

 Abu Dhabi's ADNATCO & NGSCO, the shipping arm of ADNOC and its group of companies, has signed an MOU with Marorka, incorporated and registered in Iceland, a leading company in marine energy management, to supply and install ship performance monitoring systems for the ADNATCO & NGSCO


Ocean Yield and Höegh Autoliners Charter Pact

Photo: Höegh Autoliners

 Ocean Yield ASA has agreed to certain amendments to the charter agreements with Höegh Autoliners (Höegh) for four PCTC vessels on long term charter.    Ocean Yield currently has two newbuilding PCTC vessels of 8,500 CEU capacity under construction at Xiamen Shipbuilding


Globus Maritime CEO Steps Down

Photo: Globus Maritime

 Greek dry bulk shipowner Globus Maritime announced the resignation of Georgios Karageorgiou from the position of president, CEO and interim CFO and Director of Globus Maritime Limited. Karageorgiou is leaving for personal reasons.  


MOL Launches Additional Indian Run

The new ChinaWest Coast India service  Courtesy MOL

Mitsui O.S.K. Lines (MOL) announced launch of the new China/West Coast India service (CIS). This new service is in addition to MOL’s existing Nhava Sheva Karachi Express (NKX) service which together will enhance coverage between ports in India and China, Singapore, Malaysia and Sri Lanka


Damen Takes on Six Viking River Cruises Vessel Jobs

Viking River Cruises (2).jpg

Damen Shiprepair Amsterdam (DSAm) reports that it is currently working on a modification and maintenance contract for six inland cruise vessels owned by Viking River Cruises. With this winter service complete, all six vessels – known as longships – will be ready for the coming river


Diana Shipping Announces Time Charter Contract for Protefs with Transgrain

M/v Protefs. Photo: Diana Shipping Inc

 Diana Shipping has  chartered the 73,630 dwt, 2004-built panamax, Protefs to Transgrain shipping for 12 – 16 months at a rate of $4,500 per day minus 5% commission.   This employment is anticipated to generate approximately US$1


Polarcus Grows Vessel Backlog

Duncan Eley (Photo: Polarcus)

Seismic vessel owner Polarcus Limited announced it has received multiple awards which together extend the fleet backlog by six vessel months. The projects will be carried out by multiple Polarcus vessels and commence in the first and second quarters of 2016.


MSC Expands India-Africa Service

Photo: Mediterranean Shipping Company (MSC)

 Geneva-based Mediterranean Shipping Co SA has expanded the port rotation of its India-South Africa service by introducing a direct call at Hazira, a privately-operated cargo complex on India’s west coast, in an attempt to pick up additional hinterland cargo.  


MSC Adds Direct Call at Hazira

File photo: MSC

The Mediterranean Shipping Company (MSC) said it has adjusted coverage on its South Africa service with the introduction of a weekly direct call at Hazira, in addition to Nhava and Mundra. MSC’s updated India-South Africa service port rotation is as follows: Salalah - Jebel Ali - Bin


V-Ships, Empros Team Up on Bulk Carrier Management

Image Credit V Ships

V.Ships, part of the V.Group, has entered into a partnership with Empros Lines to create a dedicated bulk carrier management cell in Greece. The cell will be staffed by the Empros’ technical team and hosted in the Piraeus office of V.Ships Greece. 


Damen Delivers Modular Dredger to Van Oord

MMuC (Photo: Damen Marine Services)

To support its ongoing dredging activities, Van Oord has commenced an 18-month charter agreement with Damen Marine Services for a Modular Multi Cat (MMuC) 2210. Damen completed construction under a short timescale, delivering the vessel just four months after contract signing






 
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