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Vessel Contract

Caspian Services Finalizes Multi-Vessel Contracts

Caspian Services, Inc., announced final execution of its multi-vessel contracts with Saipem S.p.A. Saipem has chartered five vessels from Caspian Services, Inc., subsidiary Caspian Services Group, Ltd., for a minimum of two years to support Saipem's pipeline projects in the giant Kashagan field under development in the Kazakhstan sector of the north Caspian Sea. The contracts call for Caspian Services Group, and its Dutch shipping partner, Rederij Waterweg, b.v., to provide Saipem with two new Multicat work boats, two anchor handling tugs and an existing survey vessel. The vessels will be placed into active operations in the spring of 2006. Mr. Laird Garrard, President of Caspian Services, Inc., said, "these contracts represent a significant expansion of our vessel fleet operations and will greatly enhance the range of marine services we can offer clients in this developing region in the future."

CWind Bags Crew Transfer Contract

CWind wins crew transfer vessel contract from Fred Olsen at Walney 1 & 2 offshore wind farms   CWind announced that it has won an eight-month contract to provide crew transfer services to Fred Olsen at Walney 1 and 2 offshore wind farms. One of the more than 20 crew transfer vessels in the fleet operated by CWind, will assist with O&M activities at the two wind farms.   Peter Jorgensen, Managing Director

Seaspan Announces Delivery of New Vessel

Seaspan Corporation announced the delivery of its fourteenth ship, the Dubai Express. The 4250 TEU vessel, which was built by Samsung Heavy Industries Co. Ltd., was delivered approximately ten weeks ahead of its contractual delivery date. The Dubai Express is the second of nine Seaspan vessels to be chartered to CP USA, a subsidiary of CP Ships Ltd. Seaspan also received notice of expected delivery for the second 4250 TEU vessel to be delivered this year, the Jakarta Express

Norway's DOF Group Announce Offshore Charters

Skandi Constructor: Photo credit DOF Group

DOF Subsea provider of subsea services to the offshore oil & gas industry worldwide announce new vessel contracts. DOF Subsea AS has entered into a contract with Helix Well Ops for the vessel Skandi Constructor. The contract is for three year's firm with three, one year options. The contract will commence in the second quarter of 2013.
 Skandi Constructor is a well intervention vessel of Ulstein SX 121 design built in 2009. The vessel has a LOA of 120.2 m and a breadth of 25

Nicholas Brothers Contracted for New Ferry

Drawings for Wahkiakum Ferry 2.jpg

Nicholas Brothers Boat Builders has been awarded a new vessel contract to build a 115’x47.5’ 23-Car, 100 passenger ferry for Wahkiakum County. The ferry will operate between existing ferry terminals to Puget Island in Cathlamet, Washington and Westport, Oregon. Designed by Elliot Bay Design Group of Seattle, Wash., the steel hull, aluminum superstructure vessel will be powered by two diesel Cummins QLS 9, 285 hp at 1

Eastern Shipbuilding Delivers Tug, Launches PSV

Launch of PSV Bravante Vlll

Eastern Shipbuilding Group, Inc. says it has delivered the tugboat M/V JAMES DALE ROBIN to Florida Marine Transporters, Inc. of Mandeville, LA. and not long before that christened and launched the Platform Supply Vessel (PSV) M/V BRAVANTE VIII for Boldini S.A., BRAVANTE GROUP of Brazil. Tug JAMES DALE ROBIN In 2013 Florida Marine Transporters, Inc. exercised more options for five additional 90’x32’x10’ Inland Towboats

Merwede Tapped for Navy, Commercial Contracts

Merwede Shipyard has been busy of late, announcing two significant jobs from the military and commercial sectors. On the military side, the company announced a contract for the design, engineering and building of one Multi-Role Vessel, for Tenix Defence of Australia. The vessel will meet or exceed all operational requirements of the New Zealand Ministry of Defense, including those for cargo and troop carriage, speed, endurance

Free ClassNK Software for Shipyard EEDI Calculations

ClassNK releases Progressive Speed Trial Analysis Software 'PrimeShip-GREEN/PSTA' which analyzes the results from speed trials and calculates a corresponding ship’s speed in calm sea conditions for compliance with the amendment to MARPOL Annex VI. The Amendment to MARPOL Annex VI came into force from January 2013, enforcing mandatory EEDI calculation and EEDI regulation values for vessels contracted from 1 January 2013 onwards

Petrofac Order Hi-end Offshore Construction Vessel

Image courtesy of Petrofac

Service provider to the oil and gas industry, UK-based Petrofac, confirms placement orders to build its new proprietary design Petrofac JSD 6000 deepwater derrick lay vessel, which will be available for construction and installation activities in early 2017. Petrofac inform that the vessel is based on a unique design which integrates the J-Lay, S-Lay and derrick functions and will provide Petrofac with access to high-end turnkey opportunities in the high growth deepwater and SURF markets

ISC Profit Slip in Q2 2014 but Pay Dividend

Jones Act bulk carrier: Image courtesy of ISC

International Shipholding Corporation (ISC) has announced financial results for the quarter ended June 30, 2014, summarized here: Net Loss he Company reported a net loss of $664,000 for the three months ended June 30, 2014. For the comparable three months ended June 30, 2013, the Company reported net income of $1.9 million, which included a non-cash operating gain of $1.8 million. Second Quarter 2014 Highlights

Austal Delivers High Speed Catamaran Ferry

ADNOCs 45-meter high speed catamaran ferry (Photo: Austal)

The first of two high speed catamaran ferries built by shipbuilder Austal Limited was delivered to the Abu Dhabi National Oil Company (ADNOC). The vessel constructed at Austal’s Philippines shipyard.   Austal Chief Executive Officer Andrew Bellamy said the on-time and on-budget

Austal Delivers Record Profit Increases

Austal recently delivered LCS 6 to the U.S. navy (Photo: Austal)

Shipbuilder Austal Limited announced it has delivered record revenue and record earnings for the year ended June 30, 2015, with Net Profit After Tax (NPAT) of $53.2 million, a 66.8 percent increase on FY2014.   Austal’s best result in its 27-year history was generated from revenue of

Concordia Maritime Renews P-MAX Vessels Contract

Stena Polaris (Photo: Concordia Maritime)

International tanker shipping company Concordia Maritime said it has renewed a contract with an international oil and gas company for 12 months for two vessels. The contract also includes an additional vessel for six months. The renewed contract relates to three P-MAX vessels: 2005-built Stena

The Tanker Orderbook: A Heavy Tome Or A Light Novella?

Graph: Clarksons Research

 The recent firm sentiment across much of the tanker market has supported relatively significant ordering levels, which has taken the combined crude and products orderbook to 670 vessels of a combined 82.4m dwt at the start of September, equivalent to 17% of the fleet and 13

ESG Holds HOSMAX Double Launch Event

HOS Brairwood

Eastern Shipbuilding Group, Inc. held its third HOSMAX Double Event in Panama City, Florida. On Friday, October 24, 2014, the christening and subsequent launching of the HOS Brairwood (Hull 210) the 10th HOSMAX launch in 20 months, followed with the same day delivery of the HOS Black Watch 

Pacific Basin Issues Profit Warning

Image courtesy: Pacific Basin Shipping

 Dry bulk shipowner Pacific Basin Shipping announced a total of US$132 million (HK$1 billion) impairment charges on chartered-in vessel contracts and bunker fuel swaps.   The Hong Kong-listed company informed the stock exchange that  it took US$101 million provisions mainly

Eastern Shipbuilding Delivers TY Dolese

Eastern Shipbuilding Group, Inc. is pleased to announce the recent delivery of the TY DOLESE towboat

  During the 2014/2015 Holiday Season, Eastern Shipbuilding Group, Inc. delivered the M/V TY DOLESE (Hull 189) the 59th 90’ Inland Towboat to Florida Marine Transporters, Inc. of Mandeville, LA. for its ongoing new build program

Think Tank: US Port Cybersecurity At Risk

     Coast Guard Commandant Adm. Paul Zukunft delivers the 2015 State of the Coast Guard Address. (U.S. Coast Guard photo by Petty Officer 2nd Class Patrick Kelley.)

Conservative think tank The Heritage Foundation argued for increased U.S. port cybersecurity in a report published online this week.   "The U.S. Department of Homeland Security (DHS) and maritime stakeholders need to stay ahead of [cybersecurity] risks in order to keep trade flow

Eastern Delivers 60th Towboat to Florida Marine

M/V Bill Seymour (Photo courtesy of Eastern Shipbuilding Group, Inc.)

Eastern Shipbuilding Group, Inc. delivered the M/V Bill Seymour (Hull 190), the 60th 90’ Inland Towboat to Florida Marine Transporters, Inc. of Mandeville, La., continuing its ongoing newbuild program.   It was in early January 2015, when Florida Marine Transporters, Inc

Horizon Delivers Second 80’ Towboat to FMT

Photo courtesy of Horizon Shipbuilding

Horizon Shipbuilding, Inc. announced the delivery of another 80’ Inland River Towboat, the M/V Chip Stiebing, to Florida Marine Transporters (FMT) of Mandeville, La. Delivered in March 2015, this is the second 80’ towboat of the three vessel contract with FMT.  


Photo courtesy of SINOPACIFIC

On April 28, 2015, Sinopacific Shipbuilding Group (SINOPACIFIC) held a christening and delivery ceremony for a newly built SPA150 AHTS, constructed for shipowner FEMCO Group.    This first SPA150 vessel is not only the first of this design to be delivered in the world

Damen Launches First of Two Ro-Pax Ferries

Photo: Damen

Eighty-meter ice class Ro-Pax ferry MV Veteran was recently launched by Damen Shipyards Galaţi in Romania, the builder announced today.   The vessel represents the first of a two-vessel contract, with a design stemming from a Canadian-Danish partnership between Fleetway and Knud E. Hansen

Signet Continues US Expansion

Signet continues Gulf of Mexico expansion and opens U.S. East Coast office; awarded multi-vessel contracts - containers to Caribbean ports   Signet Maritime Corporation informs it has completed Phase II of a $250 million capital expansion program with the acquisition and integration of the

CWind Wins Crew Transfer Vessel Contract

cwind logo.png

CWind has announced that it has won a six months contract to provide crew transfer services to Greater Gabbard Offshore wind farm.   Its 19m catamaran, one of more than 20 crew transfer vessels in the fleet operated by CWind, will assist with O&M activities at the project

Eastern Shipbuilding Delivers Rena Marie

MV RENA MARIE (Hull 191)

Eastern Shipbuilding Group, Inc. delivered the M/V Rena Marie (Hull 191), the 61st 90-foot inland towboat to Florida Marine Transporters, Inc. (FMT) of Mandeville, La., continuing its ongoing new build program. Florida Marine Transporters, Inc

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