Eagle Bulk Shipping Inc. (Nasdaq:EGLE), a global marine transportation company specializing in the Supramax segment of the dry bulk shipping industry, has taken delivery of the Tern, a 2003 built 50,209 dwt Supramax dry bulk vessel. Eagle Bulk has now taken on-schedule delivery of two of the three vessels that were part of an acquisition agreement announced on June 23. The Company expects to take timely delivery of the final of these three vessels later this month. The Tern will immediately commence an 18- to 22-month time charter at a rate of $19,000 per day. Upon delivery of the third vessel the Eagle Bulk Shipping Inc. fleet will consist of 16 dry bulk vessels including 12 Supramax and 4 Handymax vessels, with a cargo carrying capacity of 796,663 dwt., and a fleet average age of approximately 5.5 years.
GasLog Ltd. announced that it successfully completed the acquisition of three LNG carriers from an affiliate of BG Group plc (“BG”), which was previously announced on April 10, 2014. This completes the second acquisition of ships from BG by GasLog in 2014. The acquisition of the first three vessels was announced in January and completed in April. The three ships subject to today’s announcement will be chartered back to BG for six-year initial terms on average
Caspian Services’ subsidiary Caspian Services Group Ltd., has signed a contract to provide three vessels to Reservoir Exploration Technology ASA (RXT), a marine geophysical company specializing in multi component seismic sea-floor acquisition. RXT recently signed a letter of intent with Agip KCO to conduct a four component 3D seismic survey over the extensive Kashagan field. Caspian Services will add two additional shallow draft survey/work vessels to its fleet to service this contract
Eagle Bulk Shipping, Inc., a global marine transportation company specializing in the Supramax segment of the dry bulk shipping industry,announced that it has taken delivery of the Shrike, a 2003 built 53,343 dwt Supramax dry bulk vessel. The Shrike was acquired as part of a three vessel transaction announced on February 28, 2007. The Shrike will immediately commence a 24-27 month charter at a rate of $24,600/day. The charterer has an option to extend the charter period by 12-14 months at a
Thordon Bearings Inc. of Canada recently received orders for environmentally friendly Thor-Lube sealed stern tube bearing systems for three LNG carrier newbuild projects in Korea and Japan. Daewoo Shipbuilding & Marine Engineering Co. Ltd ordered systems for two ships, one for Shell International Gas Limited and the second for the Australian LNG Ship Operating Co. (ALSOC). Mitsubishi Heavy Industries (MHI) of Japan ordered the third system for a second Shell newbuild
SPS Overlay has yet again been used for side impact protection on three FPSOs for a major player in the offshore industry. The work was carried out at Enseada do Paraguaçu S.A. Shipyards (EEP) in Brazil and COSCO (Dalian) Shipyard, China. These projects were undertaken during the course of 2014, with the final project being completed in December 2014. A total 2,824m² of SPS Overlay has been installed on the three vessels.
A&P Tyne has begun a series of repair projects involving Offshore Supply Vessels (OSVs) owned by Norway’s Farstad Shipping ASA, Aalesund. The first in the series was the 4,680 dwt Far Swan, which was completed during early June, to be followed by the 3,053 dwt Far Supporter and the 3,050 dwt Far Server during June and July, all three vessels operated out of Farstad Shipping’s Aberdeen office. A&P has an agreement with Farstad Shipping’s Aberdeen office covering routine drydockings of OSVs
Jan De Nul Group has placed an order with Damen for a total of three workboats. Two of them are of the Damen Fast Crew Supplier 1605 type designed for the transportation of 20 persons on board at speeds of 30 knots. The third vessel is the first of the newly developed Damen Stan Tug 1606, the follower of the 1605 design of which approximately 100 units were built over the years. All three vessels will be delivered in the first quarter of 2007 ex-Damen yards in the Far East
Grandweld, a United Arab Emirates-based shipbuilding, ship repair and conversion specialist, has secured a major contract worth $128m for the construction of three new Salvage Tugs for Sogeport-GICEP of Algeria. Grandweld is a division of GMMOS Group, a provider of marine services to the offshore oil & gas industry backed by Abraaj Capital and Waha Capital. "This contract for three 58m Salvage Tugs is yet another achievement for Grandweld and has helped us maintain a strong and
First vessel approaching vessel beset in Antarctic ice The Australian Maritime Safety Authority (AMSA) is continuing the coordination of a search and rescue for a Russian vessel beset by ice approximate ly 1500 nautical miles south of Hobart. AMSA’s Rescue Coordination Centre Australia (RCC Australia) tasked three vessels with icebreaking capability to proceed towards the MV Akademik Shokalskiy, 100 nautical miles east of the French station Dumont D’Urville
A trio of 38-metre Flex Ferries, built by Singapore’s Penguin Shipyard International and designed by Southampton-based BMT Nigel Gee, have been delivered to their new owner, Horizon Ferries, following successful sea trials in Singapore.
As previously communicated, Viking Supply Ships has entered into an agreement with a major oil company for the charter of three vessels. The contract applies to the drilling seasons 2014 and 2015, with options for the drilling seasons 2016 and 2017
Amarcon, an ABB Group company, today announced that the company will deliver OCTOPUS-Onboard vessel advisory solutions to a total of three vessels owned by Norwegian oil service company OHT AS and Korean heavy cargo transporter DongBang
When Marathon Petroleum wanted to repower its inland river towboats, the company turned to its Cat dealer Whayne Power to get the job done. Marathon had installed Cat 3606 engines on the inland waterways vessels in the early 1990s, and twenty years later was ready to repower three towboats with
CMA CGM S.A. (CMA CGM) announced the rotation of its new service in cooperation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), in the North East Asia, Australia and New Zealand Trade
The arrival of the cruise ship Norwegian Star at Lerwick Harbour today (Thursday 25 September) marks the end of the Shetland port's best season yet, with two records achieved. Passenger numbers reached a new high at 43,056, topping the previous record of 37,572 in 2012
Ballast water treatment (BWT) specialist Optimarin says over 50% of its system orders now placed for PSVs, AHTS and associated, advanced service vessels. According to CEO Tore Andersen, the last six months alone have seen 16 new agreements signed
Operation Triton may cost 2.9 million euros a month EU asks for two aircraft, three vessels from member states Italy has repeatedly called for EU help with boat migrants The European Union plans to launch a mission to help Italy cope with swarms of migrants crossing the
SGX Mainboard-listed Swissco Holdings Limited announced it has secured three chartering contracts with options worth US$17.3 million. The offshore support vessels, comprising two new workboats and one anchor handling tug supply vessel, will be deployed in the Middle East under the contracts.
The U.S. Coast Guard said it is responding to two sunken vessels in Mobile Ship Channel north of Gaillard Island, Tuesday. Coast Guard Sector Mobile watchstanders received a call from the crew of the towing vessel, Miss Sammy Lee, reporting the sinking of two vessels
The first unit of a new bulk carrier developed by Mitsubishi Heavy Industries, Ltd. (MHI), a vessel offering superlative energy efficiency and environmental performance, was delivered today to Archer Daniels Midland Company (ADM) of the U.S
Today the first unit of a new bulk carrier developed by Mitsubishi Heavy Industries, Ltd. (MHI) was delivered to Archer Daniels Midland Company (ADM) of the U.S., following its completion at Oshima Shipbuilding Co., Ltd. of Nagasaki, an MHI licensing partner.
The Maritime and Coastguard Agency (MCA) announced that six foreign flagged ships were under detention in UK ports during October 2014 after failing Port State Control (PSC) inspection. During October, there were three new detentions of foreign flagged vessels in a UK port
Compagnie Maritime Monégasque SAM (CMM) has secured contracts with Petrobras Brazil to charter five newbuild fast oil spill response vessels (OSRVs) with a new fuel-efficient Damen axe-bow design. CMM has secured contracts with Petrobras to charter five newbuild fast oil spill response
Diana Containerships Inc. reported net income of $1.4 million for the third quarter of 2014, compared to a net loss of $0.7 million for the respective period of 2013. Time charter revenues, net of prepaid charter revenue amortization, were $13 million for the third quarter of 2014