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Three Vessels

Navy Certifies Three Vessels for Paperless Navigation

The U.S. Navy has certified three vessels to navigate without paper charts using Electronic Chart Display and Information Systems-Navy (ECDIS-N) supplied by Northrop Grumman Corporation. The three vessels – USS Antietam (CG 54), USS Stethem (DDG 63) and USS Oklahoma City (SSN 723) – join USS Cape St. George (CG 71), which was the first U.S. Navy ship to be approved for paperless navigation. The ECDIS-N systems were supplied by Northrop Grumman’s Sperry Marine business unit under a fleet-wide program to upgrade the Navy’s surface ships and submarines with ECDIS-N in support of a Chief of Naval Operations (CNO) directive to institute paperless navigation across the entire fleet.


North Florida Shipyards Installs Spar Deck

North Florida Shipyards completed its contract for the fabrication and installation of a spar deck on RoRo vessel Cape Rise owned by the U.S. Maritime Administration. Completed one week ahead of schedule, this is the third of a three-vessel contract - completed on schedule. The first two of the vessel series, Cape Race and Cape Ray owned by MarAd and operated by Intrepid Ship Management, were also outfitted with a spar deck measuring 42,000 sq. ft


ABB Wins Contracts Totaling $140M

ABB has been awarded contracts worth $140 million to supply its Azipod® propulsion systems for three vessels and electrical power systems for 11 vessels and two semi-submersible drilling rigs. The orders, all booked during November 2005, include: Six 10 Megawatt (MW) Azipod propulsion units for three Arctic shuttle tankers being built for Russia’s Sovcomflot at Samsung Heavy Industries in South Korea for delivery between 2007-2009


Danaos Orders TEU Post Panamax Containerships

Danaos Corporation announced that it has ordered three 10,100 TEU containerships. All three Post Panamax containerships will be built by Hyundai Samho Heavy Industries and are expected to be delivered to Danaos in January, February and March of 2011. Danaos has also arranged for a large international liner company to charter all these vessels for 12 years each, at accretive rates. This deal increases Danaos' contracted fleet of newbuildings to 34 vessels with a total carrying capacity of


Bocimar Expands Fleet, Buys 3 Ships

CMB confirms that its subsidiary Bocimar International has acquired three capesize newbuilding vessels for a total purchase price of $188 million. The first vessel, SWS 1028 (Shanghai Waigaoqiao Shipyard) - for which Bocimar concluded a three-year time charter contract in April 2005 - is obtained from Teh Hu (Hong Kong). It concerns a 175,000 dwt newbuilding that will be delivered in the third quarter of 2006. The other two vessels, SWS 1048 and SWS 1049, have been bought from


Delivery of Crude Carriers VLCC

Crude Carriers Corp. (NYSE: CRU) announced that on March 26 it took delivery of the M/T Alexander the Great, a very large crude carrier (VLCC) with carrying capacity of 297,958 mt, from Universal Shipbuilding Corporation at the Ariake Shipyard in Japan. The M/T Alexander the Great is the first of the three vessels comprising the company's initial fleet and was acquired at a purchase price of $96.5m. The remaining two vessels, the M/T Miltiadis M II


72 Feared Dead In Ferry Sinking

About 72 passengers are still missing from a ferry that sank in waters off Kupang in Indonesia's East Nusa Tenggara province, China View reported. Search and rescue teams are still trying to find the 72 missing passenger. Most of the passengers on the ferry are presumed to have drowned. Rescue teams found 34 bodies and 125 other passengers floating in the sea. Most of the passengers had life jackets. Search and rescue team would continue searching for the missing people until February 7-- a


BMP Saves Three Vessels from Pirates

Photo courtesy EU NAVFOR

The EU NAVFOR reported that over a period of 15 days, piracy of three merchant vessels was prevented through the use of Best Management Practices, proving the value of such self-protection measures. On 10 October, the MV Kavo Portland, transiting approximately 1,000 nautical miles from the coast in the Somali Basin and the MV Anuket Jade, transiting close to the Tanzanian coast, both reported they were attacked by groups of pirates using rocket propelled grenades or firing.


Unitor fire protection systems for Spanish LNG newbuildings

The Ships Equipment Division of ship service specialist Unitor has won the contract to supply fire protection systems to four 93,450-grt, 138,000-cu.-m. LNG carriers building at Spain's Izar for transportation of natural gas been the Caribbean and Spain and Egypt and Spain. Under the terms of the deal, Unitor will deliver its advanced HotFoam, water mist and CO2 engineroom fire protection systems to the four LNG newbuildings under construction at Izar's Bilbao and Sestao shipyards.


Ocean Tankers IPO to Raise $15m

According to Financial Mirror, Ocean Tankers Holdings Public Co. will be the first ocean-going shipping company to go public on the Cyprus Stock Exchange later this summer, after the Nicosia bourse failed to attract the flotations of three other Cypriot-owned shipping companies. Stelios Haji-Ioannou’s Stelmar, Charalambos Mylonas’ Transmed and the Mouskas family’s Zela Shipping were all companies that took a stab at the island’s exchange and gave up as the CSE authorities


Newbuilding Orders: Summer Lethargy Lingers

Bitumin carrier: File photo

Despite some anticipation in increased activity as the summer holidays come to an end, there are just two orders to report this week both focused on the more specialised markets, says Clarkson Hellas in their latest S&P Weekly Bulletin. Asphalt & Bitumin carriers


CMA CGM to Launch New Joint Liner Service

CMA CGM S.A. announced it act in cooperation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), to offer a new joint service in the North East Asia, Australia and New Zealand Trade, commencing from Shanghai in early of November


Star Bulk to Acquire 34 Drybulk Vessels

Photo: Star Bulk

Star Bulk entered into a definitive agreement with Excel Maritime Carriers Ltd., and as a result, will acquire 34 drybulk vessels for an aggregate of 29.917 million shares of common stock of Star Bulk and $288.39 million in cash. Star Bulk Carriers Corp


Oil Spills into Ohio River from Coal Plant

The U.S. Coast Guard closed a 15-mile stretch of the Ohio River on Tuesday after at least five thousand gallons of fuel oil spilled from a 60-year-old power plant owned by Duke Energy near Cincinnati, Ohio. The spill occurred late on Monday during a "routine transfer of fuel oil" at


Sovcomflot Orders 3 Icebreaking Vessels from Arctech

Three Icebreaking Stand-by vessels for Sovcomflot

  Arctech Helsinki Shipyard signed a contract for building of three icebreaking stand-by vessels for Russia´s largest shipping company Sovcomflot. Vessels will be built for the North East Sakhalin Offshore region oil and gas field where they will serve the operator of Sakhalin-2


Diana Containerships Q2 & 1H 2014 Financial Results

Diana Containership: Image courtesy the owners

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014, compared to a net loss of $5.0 million for the respective period of 2013


Worrying Trend of Tanker Hijacks in SE Asian Waters: IMB

  The Piracy Reporting Centre (PRC) of the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) raises concerns over a worrying trend of small tanker hijacks in its 2014 half yearly report. Globally, 116 incidents of piracy and armed robbery against ships have been


SFL Announces Sale of Three Older VLCCs

Front Opalia (Photo courtesy of SFL)

Ship Finance International Limited (SFL) announced that it has agreed to sell the 1999 built VLCCs Front Opalia, Front Comanche and Front Commerce to an unrelated third party. The company has simultaneously agreed to terminate the corresponding charter parties with a subsidiary of Frontline Ltd


DryShips Receives Funds for 9 Drybulk Vessels

DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargos and offshore contract drilling oil services, announced today the receipt of a firm commitment letter from Nordea Bank for an up to $170 million senior secured credit facility to finance nine drybulk


Maersk Continues Exit from Crude Transport

(Photo : Maersk)

Maersk Tankers, a unit of A.P. Moller-Maersk, said on Thursday it had quit four unprofitable crude oil charter contracts by buying out supertankers and selling them onwards, continuing its exit from crude oil transportation. The company now has charters for just two supertankers


EURONAV to Buy 4 Japanese-built VLCCs

EURONAV VLCC Olympia (Photo courtesy of EURONAV)

EURONAV has entered into an agreement for the purchase of four modern Japanese built VLCC vessels for an aggregate purchase price of $342 million. The vessels are on average three years old. This acquisition fits into the company’s strategy to further strengthen its position as the leading


First Damen Built FOCSV Delivered

Fugro Proteus

Fugro Proteus the first of three vessels to be delivered to Fugro in 2014. Fugro has taken delivery of the first of three Fugro Offshore Coastal Survey Vessels (FOCSV) being built by Damen. The first of a new class, the Fugro Proteus is a compact


Sovcomflot Extends Cooperation with Sakhalin Energy

Companies sign agreements for long-term operation of three vessels for the Sakhalin-2 project. SCF Group (Sovcomflot) and Sakhalin Energy Investment Company Ltd. have signed a contract for the construction and long-term operation of three multifunctional icebreaking standby vessels to serve


Seaspan Acquires 3rd 10000 TEU SAVER Containership

Logo

  Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 10000 TEU containership, the Hanjin Tabul. The new containership, which was constructed at Jiangsu New Yangzi Shipbuilding Co., Ltd. using Seaspan's fuel-efficient SAVER design


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






 
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