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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


From Security to Efficiency Modern Vessel Tracking

Nick Farrell

More so than many other fields of business, the maritime industry is focused on cost, which in turn gives the appearance of being conservative towards technology. Of course, we have magnificently technical ships operating with equipment that wouldn’t look out of place in a NASA lab


CMA CGM Upgrades Asia - E.Africa Service

cma 2=1.jpg

CMA CGM to improve its ASEA service between Asia and East Africa with the launching of ASEA Kenya and ASEA Tanzania. The CMA CGM Group’s Asia-East Africa (ASEA) service upgrade is scheduled to begin December 2014 with the launch of two new services


NAT CEO: Low Oil Prices Benefit the Tanker Market

Herbjørn Hansson (Photo courtesy of NAT)

Nordic American Tankers Limited Chairman & CEO Herbjørn Hansson addressed the impacts of low oil prices on the tanker business in a letter to shareholders, citing the decrease in oil price as an overall positive for the world tanker market and possible trigger for the recent rate


Asia-Europe Box Rates Drop Almost 21 pct

File Photo: containership underway.

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 20.5 percent to $934 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Burger Boat Delivers R/V Arcticus

R/V Arcticus (Photo courtesy of Burger Boat Company)

Burger Boat Company delivered the R/V Arcticus, a 78-foot research vessel for the United States Geological Survey (USGS), on Friday, October 17, 2014. The Arcticus replaces the 38-year-old R/V Grayling and brings the USGS Great Lakes Science Center (GLSC) large vessel fleet up-to-date


New Research Vessel Delivered on the Great Lakes

Arcticus

The new oceanographic research and fisheries assessment vessel, Arcticus, completed her sea trials and was delivered to the U.S. Geological Survey's Great Lakes Science Center on October 17. The Arcticus, designed by JMS Naval Architects (JMS) and constructed at Burger Boat Company


DSS Secures HOS Jones Act MPSV for Gulf ROV Work

HOS Bayou

Delta SubSea Secures U.S.-Flagged DP-2 IMR/Construction Support Vessel for Deepwater ROV Operations in the GoM. Delta SubSea, LLC (DSS) has entered into an agreement with a subsidiary of Hornbeck Offshore Services, Inc. (HOS) for the HOS Bayou


MJP, SwiftShips Team up on GoM Crewboat

Rodi Marines Riley Claire

The sea trials of Rodi Marine’s crewboat, the M/V Riley Claire, have given Marine Jet Power a major breakthrough in the Gulf of Mexico crewboat market. The trial results show that all performance predictions were reached.   


SEACOR Holdings Announces Q2 Results

SEACOR Holdings Inc. has announced its results for its second quarter ended June 30, 2014. For the quarter ended June 30, 2014, net income attributable to SEACOR Holdings Inc. was $21.1 million, or $0.98 per diluted share. For the six months ended June 30, 2014


Germany as a Maritime Location Endangered: VDR

Reighstag: File photo

Germany, which currently is home to the world’s biggest container vessel fleet, will in future have fewer small shipping firms as European banks avoid the industry and American and Asian financiers focus on bigger peers, according to a report by PricewaterhouseCoopers (PwC) cited by


Fugro Warns of Disappointing First Half

Dutch marine services company Fugro NV has warned that weakness in the oil and gas industry, combined with technical difficulties, meant its results for the first half would fall short of expectations, hammering its shares. Fugro, involved in the search for Malaysia Airlines' missing flight


CTruk Names Latest Vessel at Seawork

Photo courtesy of CTruk

The latest offshore wind support vessel to leave the CTruk production line in Essex made straight for Southampton and is currently on show at berth V25 at annual commercial marine exhibition and forum, Seawork. Ocean Warrior, a brand new 18.5m advanced composite twin-hull CTruk 20T MPC was


Harkand Charters ROV Support Vessel in North Sea

Credit: David Dodds

Harkand  has extended its ROV support vessel fleet operations in the North Sea by signing a charter agreement for the Surf Ranger. The multipurpose ROV, survey and air diving vessel, owned by Go Offshore, will be deployed immediately on its first scope of work


Topaz Reports Revenue up 7%

Photo courtesy of Topaz

Q1 2014 revenue up 7% over Q1 2013 to US$ 89.4 million as a result of the expansion of the core vessel fleet and high vessel utilization. Topaz Energy and Marine has announced the results of its subsidiary Nico Middle East Ltd. (“NMEL”) for the three months ended 31 March 2014


Panama Canal Expansion May Worsen Panamax Surplus: Analyst

Image courtesy of Drewry Maritime Research

The continuous cascading of surplus Panamax vessels into North-South trades is still contributing to over-capacity, and the problem is likely to get worse when the Panama Canal’s widened locks are opened at the end of 2015, according to the latest edition of Drewry Container Insight.






 
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