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
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 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 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.
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
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
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
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 Shipbuilding Group, Inc. has launched the 'HOS Bayou' for Hornbeck Offshore Services, LLC. The launch was held at Eastern’s Allanton facility with hundreds of Eastern employees and guests attending, including Mr. Jack Reid, Florida’s Governor Rick Scott’s Regional
Six vessels and two individual mariners were recognized for courageous acts at sea at the 44th annual United Seamen's Service (USS) 2013 Admiral of the Ocean Sea Awards (AOTOS) attended by more than 700 guests at the Sheraton Times Square Hotel in New York City.
Washington State Ferries say they are another step closer to significantly reducing fuel costs and transportation emissions by switching a class of vessels from diesel fuel to liquefied natural gas. After more than three years of study, WSF has a plan to safely convert six Issaquah Class
Significant volumes of dry bulk carrier orders, most of them for Chinese shipyards, are reported by Clarkson Hellas in their latest S&P Weekly Bulletin, as follows: Starting with the large sizes in dry, Oldendorff Carriers are reported to have declared the sixth in a series of 207
Wärtsilä received a significant order to supply the propulsion solutions for six new offshore pipe laying vessels being built by IHC Merwede. Three of the ships are to be built for Subsea 7, the seabed-to-surface engineering, construction
With the summer holidays slowly drawing to a conclusion the newbuilding market has remained relatively quiet this week, though Clarkson Hellas Weekly S+P anticipate activity to pick up again shortly. Somewhat reflective of this subdued activity is that Clarkson have seen no new orders reported in
TOP Ships Inc. an international maritime shipping company that provides transportation services for petroleum products and dry bulk commodities, announced that it has entered into three stock purchase agreements with an affiliate of the AMCI Poseidon investment fund by which the company has agreed
A new NOAA report that examines national oil pollution threat from shipwrecks has been presented to the U.S. Coast Guard. With as many as 20,000 recorded shipwrecks in NOAA’s database, the May 2013 report finds that just 36 sunken vessels scattered across the U.S
With the newbuilding market remaining quiet towards the end of August, Clarkson Hellas S+P Weekly Bulletin reports a limited number of dry bulk carrier orders in the Capesize sector, with few orders in other sectors as follows: Rizhao Steel (Cara Shipping) are understood by Clarkson Hellas to
Unique System FZE, a Unique Maritime Group company and an integrated turnkey subsea and offshore solution providers, was contracted by ADNATCO-NGSCO to deliver ship performance monitoring solutions that will help to optimize vessel performance and subsequently aim to reduce fuel consumption and
Maritime Communication Partner (MCP) has signed a three-year contract with leading offshore shipping operator Gulf Offshore Norway, owned by GulfMark Offshore Inc. The deal provides three vessels, all of which operate on the Norwegian Continental Shelf
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase from an unaffiliated third party the m/v JK Pioneer
TOP Ships Inc., an international maritime shipping company, announced the closing of its previously announced transaction pursuant to which the company has sold the shipowning subsidiaries which own the six vessels of the company's fleet to an affiliate of the AMCI Poseidon Fund LP
Nordic American Tankers' new company, Nordic American Offshore Ltd. (NAO), has extended its preliminary option purchase agreement with Ulstein from six Blue Ship PSV's to seven. The project as described in the earlier Nordic American Tankers' press release, has been expanded to seven PSV vessels
The Maritime and Coastguard Agency (MCA) announced that nine foreign flagged ships were under detention in U.K. ports during October 2013 after failing Port State Control (PSC) inspection. Latest monthly figures show that there were six new detentions of foreign flagged vessels in U.K