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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


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


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


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


Hapag-Lloyd, UASC Signs Merger Agreement

Pic: Hapag-Lloyd, UASC

 Hapag-Lloyd AG (Hapag-Lloyd) and United Arab Shipping Company S.A.G. (UASC) have signed a Business Combination Agreement (BCA) to merge both companies, subject to the necessary regulatory and contractual approvals.    Besides the Business Combination Agreement (BCA) between the


Hapag-Lloyd, UASC Merger

Photo Hapag-Lloyd

Hapag-Lloyd and UASC have signed a Business Combination Agreement.   The Combined company will rank among the world´s five largest liner shipping companies and will operate one of the most modern fleets in the industry / Company will operate 237 vessels with total transport capacity


Icebreaker Launched for Sovcomflot

On June 30, 2016 a new icebreaking supply vessel (IBSV) was launched for Sovcomflot as part of a long-term agreement with Sakhalin Energy.   Due to be delivered in the fourth quarter of 2016, this reinforced ice class vessel has deadweight of 3


Wärtsilä to Power Two Indian Dredgers

The new 8000m3 trailing suction hopper dredgers being built for the Adani group  Photo Wärtsilä

Wärtsilä has won an order for two new 8000m3 trailing suction hopper dredgers being built for the Adani group, India's largest private multi-port operator. The vessels are the first of a new IHC Beagle series designed by Royal IHC (IHC) of the Netherlands. IHC will also build the dredgers


VARD Orders BWT Systems for Topaz Newbuilds

Optimarin Skid 334-FS 2 (Image: Optimarin)

Ballast water treatment (BWT) system Optimarin has picked up an order covering 15 vessels from VARD shipyards.   The vessels, VARD 9 21 Design specialist module carriers, will be constructed for ship owner Topaz at two shipyards in Romania - Vard Braila and Vard Tulcea – and one in


COSCO Shipping Bulk Sets Sail

Photo: COSCO Group

 The world's largest bulk vessel fleet in terms of both ship numbers and deadweight tonnage COSCO Shipping Bulk Co is officially launched in Guangzhou. Its a merger between two companies - COSCO Bulk Carrier Co and China Shipping Bulk Carrier Co.  


Rapido Gee: 42m Utility Vessel Delivered

Photo: Incat Crowther

Rapido Gee, a 42m steel monohull utility vessel, has been delivered and is currently in transit to the Middle East. The vessel will be operated by Rashied Marine Services in the service of offshore platforms.   Designed by Incat Crowther and built by Strategic Marine


Frontline JV Creates Suezmax Vessel Fleet

A so-called SuezMax tanker transits the Suez Canal (credit: Suez Canal Authority)

Frontline Ltd. has announced the formation of Suezmax Chartering, a commercial joint venture with Diamond S. Shipping LLC and Euronav NV. The aim of the joint venture is to create a single point of contact for cargo owners to access a large fleet of 43 modern Suezmax vessels


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.  






 
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