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Three Vessel

Eagle Bulk Takes Supramax Vessel

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 Completes Acquisition of 3 LNG Carriers from BG Group

  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 Charters Vessels to Reservoir Exploration Tech

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 Takes Delivery of Supramax Drybulk Vessel

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


Thor-Lube Bearing Receives Orders

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


BOURBON Continues to Sell Vessels

BOURBON completes vessel sales to ICBC Financial Leasing and Standard Chartered Bank and announces new sale and bareboat charter agreement with Minsheng Financial Leasing Co.   BOURBON has completed the transfer of ownership under the agreements with ICBC Financial Leasing (ICBCL) and Standard Chartered Bank (SCB) as part of the sale and bareboat charter agreements signed in 2013, the company announced today.  


FPSO Trio Receives Side Shell Protection

Steel top plates welded to ship to form cavity into which elastomer core will be injected

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.   


BMT’s Simulation Tool Supports the Three Queens’ Visit to the Mersey

Photo courtesy of BMT Argoss

BMT ARGOSS, a subsidiary of BMT Group Ltd, has assisted Liverpool Pilots in its planning for the visit of Queen Elizabeth, Queen Victoria and Queen Mary 2 to Liverpool in May 2015. Liverpool Pilots have used BMT’s ‘REMBRANDT’, real and fast time simulation and training tool to undertake detailed planning of how the three vessels will manoeuvre in close proximity in the River Mersey, at the narrowest point close to the Cunard Building downtown.


First Guyanamax Ship Joins CMA CGM Fleet

NEFGUI line (Image: CMA CGM)

  The CMA CGM Group upgrades its fleet calling North Brazil, French Guyana and the Caribbean; takes delivery of the CMA CGM Cayenne, the first vessel of the Guyanamax three-vessel series    Container shippers the CMA CGM Group announce that the CMA CGM Cayenne, the first vessel of its three-vessels Guyanamax series, was delivered on July 21 in South Korea.   The 2,100 TEU capacity vessel – including 530 Reefer containers – is 190 meters long and 30 meters


Malaysia Detains 3 Vessels Over Illegal Oil Transfer

Pic courtesy: Malaysian Maritime Enforcement Agency

 Three oil tanker ships were detained by the Malaysian Maritime Enforcement Agency (MMEA) off the waters of Pengerang  for illegal ship-to-ship transfer of marine fuel oil (MFO) near Pengerang.    Tanjung Sedili District Maritime Enforcement head, Maritime Capt Amran Daud said all three vessels were detained by a patrol boat at 9.15am about 3.8 nautical miles southeast of Ramunia Bay.    


ABB Makes 5 km Subsea Operations Safe

MT6027 UItra Deep Sea Courtesy ABB

Marine software and hardware to assist multi-purpose diving support vessels in complex deepwater projects Power and automation technology group ABB will provide the technology that will help three vessels safely carry out construction and maintenance tasks up to 5 kilometers under water


LNG Shipping Rates to Remain Under Pressure in 2016

LNG shipping earnings will remain under pressure in 2016 as accelerating fleet growth and changing trade patterns will weaken supply-demand conditions, according to the latest edition of the LNG Forecaster report published by global shipping consultancy Drewry.


First of 3 New Pilot Boats Launched for Milford Haven

St Brides (Photo: Mainstay Marine)

St Brides, the first of three 19-meter pilot boats built by Mainstay Marine for the Port of Milford Haven, has recently been launched.   Shipbuilder Mainstay Marine Solutions called the £3.6 million contract a flagship project, with delivery for the second and third vessels due in


Dumpers 2015 - Examples of Particularly Bad Practices

Photo:  NGO Shipbreaking Platform

 The worst dumper prize goes to IDAN OFER, son of shipping magnate Sammy Ofer. Idan Ofer owns QUANTUM PACIFIC GROUP and has a controlling stake in Israel’s largest publicly traded company, ISRAEL CORPORATION.    Combined


Three USACE Vessels Drydocked at Great Lakes Shipyard

Photo: Great Lakes Shipyard

Great Lakes Shipyard announced it has been awarded a contract from the United States Army Corps of Engineers (USACE) Detroit District for the drydocking and repairs of the Floating Plant, based at the Detroit Field Station.   The shipyard will perform routine drydocking


Vessel Backlog at Panama Canal

Photo by Panama Canal Authority

  The Panama Canal continues to experience high vessel backlog. This is attributed to several reasons, such as: * INCREASED ARRIVAL OF LARGE AND DEEP DRAFT VESSELS: These larger vessels and those with deeper drafts, besides having more restrictions than small, light draft vesse;s


Star Bulk Carriers Sold Three Vessels in Q3

Pic by Star Bulk Carriers

 Star Bulk Carriers has sold three vessels during the third quarter, a modern Supramax and two 90s built Panamax says Petros Pappas, Chief Executive Officer.   Net sales proceeds for completed vessels sales were approximately $27.9 million in Q3 and we also received approximately $3


Panama-Registered Ship Sinks off Vigan City

Image: Philippine Coast Guard

 A Panamanian cargo vessel MV Fortune Life sank off the coast 130 nautical off Vigan City in Ilocos Sur, Philippine Coast Guard (PCG), uthorities said.   The Coast Guard received a distress signal from Hong Kong about the maritime incident


Diana Shipping Time Charter Contract for Seattle with SwissMarine

M/V Seattle. Photo: Diana Shipping Inc

 Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,  has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with SwissMarine Services S.A


Diana Shipping Fixes Two Bulkers

Los Angeles Photo Diana Shipping

  Diana Shipping Inc. today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles


Radio Holland Awarded Remote Monitoring Agreement

Photo: Radio Holland

Radio Holland, part of the newly formed company RH Marine Group, has been awarded a Remote Monitoring Agreement from The China Navigation Company (CNCo).   Under the new agreement, Radio Holland will install VDR Remote Interface on board three more CNCo vessels (Coral Chief


Vigor Delivers New Towboat to Tidewater

Granit Point (Photo: Tidewater Transportation & Terminals)

Newbuild towboat Granite Point will be deployed in Tidewater’s Columbia & Snake River service in January 2016   Tidewater Transportation and Terminals today marked delivery of the second of a series of three towboats, the Granite Point


Diana Shipping Signs US$75.7 mln Term Loan Facility

Courtesy Diana Shipping

  Diana Shipping Inc. announced that yesterday it signed, through three separate wholly-owned subsidiaries, a term loan facility for up to US$75,734,900 with The Export-Import Bank of China. The purpose of this facility is to partially finance, after delivery


Slashed Charter Rate for Diana's m/v Houston

Courtesy Diana Shipping

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels


SwissMarine Hires Diana's Capesize Bulker

m/v Houston: By Diana Shipping

 Greek dry bulk shipping company Diana Shipping has entered into a time charter agreement with Geneva-based SwissMarine Services S.A. for its Capesize dry bulker the m/v Houston.   The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties






 
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