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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


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

Map: ReCAAP ISC

 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


APL, MOL, NYK Launch Joint Service

APL, Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) have together launched a new joint service between trading hubs in Asia and ports in Mexico, Colombia and Panama.   In a joint statement made by the carriers, APL, MOL and NYK said Asia is an important market for exporters in


SFL Acquires Eight Bulk Carriers from Golden Ocean

Ship Finance International Limited (SFL) has entered an agreement to acquire eight Capesize dry-bulk carriers from subsidiaries of Golden Ocean Group Limited, the company announced today.   The vessels are named Golden Beijing, Golden Zhoushan, Golden Magnum, Battersea, Belgravia


Russian, Chinese Navies Grow Even Closer

Photo by Chinese state news agency

 Russian “joint maritime -2015 (1)” today (May 11) officially launched a joint military exercise, the exercise will continue until 21 May, reports Chinese state news agency Xinhua.   It is the first time the two countries have held joint military exercises in the area and


UK Register’s Largest Ship Docks in Southampton

Photo: UK Maritime and Coastguard Agency

The largest vessel registered in the UK Ship Register has arrived in Southampton today.   CMA CGM Kerguelen, a 398-meter-long containership operated by the CMA CGM Group, is big enough to pack five and a half A380 Airbuses on. It is capable of carrying 17


CMA CGM Reports Increased Net Profit in Q1

17,722 TEU vessel CMA CGM Kerguelen was delivered to the group on March 31 (Photo: CMA CGM)

Container shipping company CMA CGM’s board of directors met under the chairmanship of Jacques R. Saadé, chairman and chief executive officer, to review the financial statements for the first quarter of 2015.   For the first quarter of 2015


Second 18,000TEU Ship Joins CMA CGM Fleet

CMA CGM Georg Forster (Photo courtesy of CMA CGM)

The 18,000 TEU capacity containership the CMA CGM Georg Forster was delivered to the CMA CGM Group on June, 2 in South Korea.   With its 1,305 ft. (398m) length and 177 ft. (54m) width, the CMA CGM Georg Forster is the group’s second 18,000 TEU capacity vessel to be delivered


Hapag-Lloyd Announces Changes to GS1 Service

  With the aim to improve efficiency and quality of the service offered to you, Hapag-Lloyd is pleased to advise some important changes to the GS1 service. MSC will join the service as a vessel operator providing one vessel. The total fleet size remains at eight 5500 TEU vessels with NYK


Tanker Converted to LNG-electric Propulsion

Photo: Bergen Tankers

Bergen Tankers’ 95-meter-long chemical and product tanker Bergen Viking has returned to service following its conversion from diesel-electric to liquefied natural gas (LNG)-electric propulsion.    Delivered in 2007, the Rolls-Royce powered vessel supplies diesel and petrol along


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






 
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