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

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 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.

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.

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.  

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.

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

Austal Trains TTCG Personnel

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, Cosco and Hapag-Lloyd Integrate Red Sea Services

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 to Supply IRISL Containerships

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