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
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
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.
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.
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.
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.
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
More than 90 personnel from the Trinidad and Tobago Coast Guard (TTCG) have completed a comprehensive Austal vessel training program in preparation for the delivery of six vessel Fast Patrol Craft fleet in early 2010. The crew training program - held at Austal’s training facilities in Western Australia - familiarized TTCG personnel with the specific features and capabilities of the 30 m Fast Patrol Craft, equipping them with the skills necessary to operate the vessels and perform basic
Evergreen, together with its joint service partners Hapag-Lloyd and Cosco Container Line, is to merge its two Red Sea services, the Far East - Red Sea (FRS) service and the Strait - Red Sea Express (SRX) service, into a single new FRS service linking China, South East Asia and the Red Sea. The first sailing on the revised schedule will be made by Evergreen's LT Going, expected to sail from Nansha on November 7. While the two existing services use ships of approximately 1600 – 1800 TEU
Wärtsilä Corporation has received an order for main and auxiliary engines for six 2478 TEU container ships contracted by Islamic Republic of Iran Shipping Lines (IRISL) at Aker MTW Werft GmbH in Wismar, Germany. The six ships will each be equipped with a Sulzer 7RTA72U-B low-speed main engine, having a maximum continuous power of 21,560 kW at 99 rev/min. They will also each be supplied with three Wärtsilä diesel generating sets, two sets with Wärtsilä 8L20 engines each of 1360 kW
Rolls-Royce has won a contract to convert the tankship 'Bergen Viking' to run on engines powered by natural gas, replacing the current diesel engines. Rolls-Royce Plc has won a contract to convert the merchant ship Bergen Viking to run on engines powered by natural gas
TY Offshore announced that Harvey Gulf International Marine has ordered the construction of an additional TY Offshore built 302’ x 64’ Dual Fuel Offshore Supply Vessel, bringing its total order to six. The order, and subsequent delivery
Evergreen Line, Pacific International Lines, Sinotrans and Yang Ming have announced cooperation in the China, Taiwan, and Australia trade commencing from Ningbo on June 7, 2013. The China-Australia-Taiwan (CAT) service will be operated with six vessels of 4,250 TEU
Long-term service agreement improves lifecycle cost control and fleet reliability. ABB signed a long-term Preventive Service agreement with China LNG Shipping International Co. Ltd (CLSICO) to provide maintenance services to all ABB equipment onboard of its six LNG vessels in the next five years
Ulstein Verft delivered Blue Thunder, the fourth of six medium-sized platform supply vessels of the PX121 design from Ulsteinto Blue Ship Invest, on Monday, May 13, 2013. Owned by Blue Ship Invest, a wholly-owned company in Ulstein Group, the platform supply vessel (PSV) is commercially and
The National Shipping Company of Saudi Arabia (Bahri) receive the 'Bahri Hofuf' from the South Korean shipyard Hyundai Mipo. The new 26,000 dwt general cargo ship is the second vessel delivered from the six vessels that were contracted by the Company with this shipyard in 2011 for a total value
Wisdom Marine Group signed a two-tranche syndicated loan agreement for $5.92 million (USD) and ￥11.88 billion ($119.43 million, USD) with six domestic banks to finance its orders with three Japanese shipbuilders, Taipei Times reported. The syndicated loan was co-led by First Commercial Bank and
Incat Crowther was awarded contracts to design a pair of new fast oilfield service vessels for Arpoador Engenharia in Brazil. The 36m vessel will meet the Petrobras type P2 specification and the 48m vessel will comply with the type UT4000 specification. 36m Monohull Crewboat
Damen Shipyards Cape Town contracted for maintenance & repair of Department of Agriculture, Forestry & Fisheries (DAFF) fleet. Damen Shipyards Cape Town (DSCT, part of Damen Shipyards Group) has been assigned by DAFF to get its fleet of Fisheries Research Vessels and Fisheries
The South African Department of Agriculture, Forestry and Fisheries (DAFF) assigned Damen Shipyards Cape Town (DSCT, part of Damen Shipyards Group) to get its fleet of Fisheries Research Vessels and Fisheries Protection and Surveillance Vessels operational as soon as possible
Offshore Supply Vessel (OSV) 'Red Dawn' has been launched from the Eastern Shipbuilding Group's Allanton facility. Attending from Hornbeck was Todd Hornbeck, President & CEO, and Carl Annessa, Executive Vice President & COO, along with 12 senior members of the Hornbeck Team
The National Shipping Company of Saudi Arabia (Bahri) receives the 'Bahri Abha' from South Korea's Hyundai Mipo shipyard. The new ship, of 26,000 dwt, was built especially for the general cargo trade and is the first to be delivered of six vessels that were contracted by the Company with Hyundai
From Sharks to Tier III Exhibitions are traditional launching points for major equipment makers, and Caterpillar Marine Power Systems is no exception. Last month at the International Workboat Show in New Orleans the ubiquitous marine power company made announcements regarding it progression
American Commercial Lines (ACL) has selected Cat C280 marine engines for repowering six of their towboats. Bill Foster, ACL vice president Boat Maintenance, commented, "We are making significant investments in our fleet to improve reliability and performance
Russia's Baltic Shipyard starts construction of the first LK-60 nuclear-powered icebreaker. The LK-60 will be the largest and most powerful icebreaker ever built, making commercial traffic along the Northern Sea Route possible all year around.