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
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.
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
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
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.
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
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
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
Italian and merchant ships rescued around 1,000 migrants from three overcrowded skiffs near the coast of Libya and found one dead body, Italy's coast guard said. The migrants sent out a distress call by satellite phone on Friday and were being taken to ports in Sicily
Three ships were involved in a collision on the lower Mississippi River near Convent, Louisiana, Monday when a bulk carrier broke free from its mooring and drifted into a moored towing vessel and then an offloading tank ship. The U.S. Coast Guard is responding.
The U.S. Navy has awarded funding for the construction of DDG 122, the Fiscal Year 2015 Arleigh Burke-class destroyer under contract at General Dynamics Bath Iron Works. This $610.4 million contract modification fully funds this ship which was awarded in 2013 as part of a multi-ship
CMA CGM, the world's third-largest container shipper, announced on Monday plans to order three giant vessels and said higher volumes and profit last year showed its focus on economies of scale was bearing fruit. Like market leader Maersk Line
URAG has taken delivery of two ASD 2411 Tugs to add to its existing fleet. Named Brake and Perfect, the new vessels have joined their sister ship Prompt in the port of Hamburg under the URAG subsidiary Lutgens und Reimers (L&R). The order for the tugs was placed in September 2014 and work
Early in 2015, Tianjin Port in the north part of China took delivery of a new ASD 38/60 Class pilot/tugboat, Jin Gang Lun 35, from the builder Shanghai Harbor Fuxing Shipping Service Company, after the delivery of two ASD 35/80 class tugs from the same shipyard in 2013
Inchcape Shipping Services (ISS) has marked a milestone with its 100,000th hub appointment for Maersk Tankers. For the past week, ISS staff across the company’s global network have been actively following vessel activities to see which tanker would take the golden ticket
Lomar Corporation, a Libra Group company, has again added to its fleet of container ships with the purchase of three vessels plus an order for up to four new buildings from the Yangzijiang Shipyard, says a company press release.
Hornbeck Offshore Services has closed the sale of three 250EDF class OSVs to the U.S. Navy, the company announced today. The three vessels were sold for cash consideration of $114 million, the company reported. This is expected to result in a gain on sale of assets of
The Ghana Armed Forces and the United States Maritime Forces have completed a joint maritime operation, the Africa Maritime Law Enforcement Partnership (AMLEP), as part of the Africa Partnerships Program (APS). The operation brought together representatives from Ghana’s
MILAN, Feb 26 (Reuters) - Atlantic natural gas markets are seeing some of the biggest price swings in years as volatile European trade, freezing U.S. weather and Brazilian demand leave tankers torn over where to sail. The region's gas markets
U.S. and Ghanaian and maritime forces completed Africa Maritime Law Enforcement Partnership (AMLEP) 2015 operations, Feb. 24, 2015. The Military Sealift Command’s joint high-speed vessel USNS Spearhead (JHSV 1) and an embarked combined law enforcement detachment (LEDET)
Gail India Ltd has scrapped a tender that would have led to the construction of three massive liquefied natural gas (LNG) carriers at Indian shipyards. After postponing tender deadline thrice and also one year later, state-owned gas utility GAIL India Ltd has not found any
U.S. Transportation Secretary Anthony Foxx was joined by Vice President Joe Biden, and Maritime Administrator Chip Jaenichen at the Wando Welch Terminal Project in Charleston as part of the secretary’s four-day, five state GROW AMERICA Express bus tour aimed at encouraging Congress to act on
Norway's Havyard Ship Technology has delivered the first of three offshore wind service operations vessels to Danish shipping company Esvagt. The 83.7-metre vessel is the first of its kind to be manufactured by the oil sector specialist and will be deployed under long-term contracts