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Vessel Fleet

Tidewater Completes $79M ENSCO Deal

Tidewater has completed a previously announced transaction, acquiring the 27-vessel fleet from ENSCO International. The five anchor handling towing-supply vessels, six modern large capacity 220-ft. "stretched" platform supply vessels, 13 standard supply vessels and three utility vessels were acquired for a cash price of $79 million. Also included in the agreement is a provision which affords Tidewater the opportunity to provide supply, anchor handling and towing vessels to ENSCO for its Gulf of Mexico operations.


Navico’s Simrad Agreement with Consilium

Marine electronics giant Navico has entered into a cooperative partnership with marine safety and navigation specialist Consilium through its Simrad brand with the intent to offer new products for the world’s commercial vessel fleet. Through their strategic and technological alliance, the two companies first aim to significantly change the comprehension of short range radar target detection and processing. The goal is to introduce radar systems for use on SOLAS vessels with a strong


Swissco Adds on 2 More Vessels to Fleet

Swissco Adds on 2 More Vessels to Fleet Swissco International Ltd. said that its wholly-owned subsidiary, Swissco Offshore Pte Ltd (SOPL) has added two more offshore support vessels worth $5.7m to their vessel fleet. The first unit is a 147-ft. vessel placed with a Chinese shipyard in Guangzhou slated for delivery in 2H08. This order is the fifth of its kind to be placed with the same shipyard. This recent order is a testament to the Group’s belief in the high demand of such vessels.


Zim to Buy Eight Ships for $1.36B

Israel Corp. subsidiary Zim Integrated Shipping Services Ltd. said it had placed an order to purchase eight mega container ships from the South Korea’s shipyard Samsung Heavy Industries Co. Ltd. The deal, valued at $1.37b, ($170m each) comes six weeks after Zim Integrated Shipping Services Ltd. announced its plan to upgrade its container vessels fleet. The company had ordered eight TEU 12,600 mega containership for delivery by July 2012


Royal Caribbean Extends Options For Two $500 Million Vessels

Royal Caribbean said on Wednesday it has extended for 13 months options on building two $500 million ships to add to its 21-vessel fleet. The Miami-based operator of the Royal Caribbean International and Celebrity lines said in a news release that it had agreed with the Meyer Werft shipyard of Papenburg, Germany, to extend the options to July 26, 2002, on the so-called Radiance-class ships. Both options on the 2,100-passenger ships were due to expire on June 27


Admanthos Choses SpecTec

Admanthos Shipping Agency Inc. has chosen SpecTec after reaching an agreement with their US office for the supply of AMOS2 Enterprise solution. Admanthos will use AMOS2 Maintenance & Purchase, AMOS2 Personnel and AMOS2 Quality to manage their Headquarter Office and four vessel fleet. Admanthos, based in Stamford, Connecticut, provides technical management, new building site supervision, crewing, chartering, and the general administrative and financial functions for the ship owning


Hornbeck Reports No Damage After Gustav

Hornbeck Offshore Services announced that, based on first reports from the field, it has experienced no damage to any of its vessels as a result of Hurricane Gustav, including those currently under construction in Gulf of Mexico (GoM) shipyards. The Company's new generation offshore supply vessel fleet continues to operate at pre-storm levels of 100 percent utilization. The Company remains in position to assist its GoM customers as they begin to assess storm damage and commence their recovery


Container Ship 2013 Capacity to Outpace Demand

A.P. Moller-Maersk expects container ship capacity to grow 11% this year, outpacing demand, forcing owners to take corrective measures. The industry is likely to scrap more vessels, sail them at even slower speeds and idle more ships in order to balance supply with growth, Soren Skou, the chief executive of Maersk Line, told media at a news conference in Singapore, as reported by Fox Business News. Slow steaming, industry term for slowing down ships to save fuel


ACCL Adds New Itineraries for 2000

Known as the original smallship cruise line, American Canadian Caribbean Line (ACCL), has established 25 new itineraries for the year 2000. Included in the new schedule are: Gulf Intracoastal Waterway; seven-day Belize/Barrier Reef; Chicago/Upper Mississippi; and Great Lakes/Quebec City. Able to hold between 84 and 100 passengers each, ACCL's three-vessel fleet Grande Caribe, Grande Mariner and Niagara Prince kicked off the new year in Central America and the Caribbean


Navios Provides Fleet Update; Announces New Charters

Navios Maritime Acquisition Corporation Announces Charters for Four LR1 Product Tankers; Fleet Coverage of 98.7% for 2012 and 75.7% for 2013.   Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE: NNA), an owner and operator of tanker vessels, announced today that it has chartered out four newbuilding LR1 product tankers.   The four LR1 vessels -- Nave Cassiopeia, Nave Cetus, Nave Rigel and Nave Atropos -- have been chartered out to a high-quality


Tech & Design Solutions for Modern Workboats

“There is a cost implication for owners to comply with IMO Tier 3 and EPA Tier 4 requirements, which is causing an increase in engine prices of about 30 percent regarding Tier 4, which probably results in a five percent increase in total construction costs for U.S.-built tugs. In some countries such as Asia, with low labor costs, total costs can increase by 10 percent.” - Mike Fitzpatrick, President, Robert Allan Limited (Photo: Mike Zeft)

EPA Tier 4 regulations (for engines of 804 hp and higher) and propulsion advancements have many manufacturers and vessel designers changing course to adapt to new requirements and customer demands.   Jensen Maritime is designing a new 110-ft


APL Reports 45.5% Carbon Emissions Reduction

Photo: APL

APL announced that it has reduced its fleet carbon dioxide emissions by 45.5 percent in 2015, compared to its emissions level in 2009.   “APL has steadily reduced its year-on-year carbon emissions and this demonstrates the company’s unyielding focus on sustainable shipping


APL Reduces Carbon Emissions by 45.5%

APL Carbon Dioxide Emissions Reduction against 2009 Level %

APL today announced that it has reduced its fleet carbon dioxide emissions by 45.5% in 2015, compared to its emissions level in 2009. This achievement marks APL’s highest carbon dioxide emissions reduction in the last six years.  


Canada to Build 7 New Survey Vessels

Charting Canada's waters: Canada’s government to build seven new hydrographic survey vessels   Canadian Minister of Fisheries, Oceans and the Canadian Coast Guard, Hunter Tootoo, announced that Kanter Marine Inc. of St. Thomas, Ontario is the winning bidder for the procurement of


Fuel Management Tech Helps CalMac Reduce Emissions

Photo: Royston

Fuel management technology is helping Scottish ferry operator Caledonian MacBrayne (CalMac) to meet its targets for the reduction of greenhouse gas emissions.   Last year the company installed advanced Royston enginei fuel management systems across its entire large vessel fleet – the


Small is Beautiful, When it Comes to Tanker Companies

Image: credit BDP1 Consulting / Pyxis Tankers, Inc.

“Small is beautiful”, the title of a book which went on to become a tagline for the environmental movement that was burgeoning in the 1970’s, has been applied by shipping journalists when product tankers - rather than behemoth crude oil tankers, are under discussion.  


CMA CGM Volume Strong, Profit Dips

Photo: CMA CGM

 French carrier CMA CGM’s revenue and profit slipped last year despite a 6.3 percent volume increase, but the company said it’s counting on cost cuts and the pending acquisition of Singapore’s NOL to overcome a “tough” start to 2016.  


OSG Reports $284m Profit In 2015

Photo: Overseas Shipholding Group, Inc.

 Overseas Shipholding Group, a provider of oceangoing energy transportation services, reported results for the fourth quarter and full year 2015.   The company reported net income of $9.3 million in its fourth quarter. The crude oil and petroleum transportation company posted revenue


Interlake Steamship Begins 2016 Sailing Season

Dorothy Ann-Pathfinder (Photo: Interlake Steamship Company)

River-Class Tug/Barge Begins Shuttling Iron Ore on Cuyahoga River   The Interlake Steamship Company’s Dorothy Ann-Pathfinder, an articulated tug-barge unit (ATB), departs winter layup today to begin early-season shuttles of iron ore for ArcelorMittal


Bibby Tops IoM Ship Management

Mark Robertshaw

Bibby Ship Management is once again the largest representative for vessels flying the Isle of Man flag in providing representative services for 30% of vessel tonnage registered on the island. This compares with 25% in 2014, according to official statistics.  


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.


Cruise Ship Breaks Record for Social Media at Sea

Norwegian Escape (Photo: EMC)

EMC and Norwegian Cruise Line break record for “social media usage at sea” during inaugural voyage of Norwegian Escape   Norwegian Escape, the newest and largest of Norwegian Cruise Line’s 14-vessel fleet, experienced a record-breaking social media milestone during its


Global Ship Lease Announces Sale of Remaining 4,113 TEU Vessel

Ville D Orion. Photo by Port of Hamburg

 Global Ship Lease, Inc has  completed the sale of its 1997-built, 4,113 TEU containership, Ville d'Orion, following redelivery from its previous charter.    The vessel was sold for $328.25 per ldt, for estimated net proceeds of $4.5 million.  


OSV Owners Face Bankruptcy Risk

Platform Supply Vessel near the offshore platform. Photo by Damen Shipyards Group

 More than half of the public companies in the offshore supply-vessel industry face a high probability of restructuring or bankruptcy, Bloomberg reported quoting a research released from the consulting firm AlixPartners.   Even before crude prices collapsed and triggered a retreat from


Drewry: LPG Shipping Rates Heading for a Fall

VLGCs supply-demand gap (Source: Drewry Maritime Research)

LPG shipping rates are expected to decline from the second half of 2016 as a bloated orderbook for VLGCs (very large gas carriers) fuels fleet growth that will far exceed shipping demand, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.






 
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