Kvaerner Masa-Yards and Far-Eastern Shipping Company Confirm Contract

Tuesday, December 02, 2003
On September 5 Kvaerner Masa-Yards Inc. and Far-Eastern Shipping Company PLC (FESCO) signed shipbuilding contracts for the design and construction of two icebreaking stand-by and supply vessels, subject to approval by the Central Bank of Russia and to issues related to post-delivery financing. The second ship was to be confirmed by early November 2003. Kvaerner Masa-Yards Inc. and FESCO are pleased to confirm that the subjects have been lifted for one vessel. As the decision on a possible charter arrangement for an additional vessel has been moved forward, FESCO did not confirm the second vessel contract at this stage. The vessel is due for delivery in May 2005 and will be operating in the harsh Okhotsk Sea environment in the Sakhalin area in the Far-East of Russia. The vessel has a length over all of 100 metres and a deadweight of 4.000 dwt. The shaft power is 13 MW and the ship will be fitted with azimuthing electric propulsion. The vessel contract price is close to EUR 65 million.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Stolt-Nielsen Q4 Profit Misses Forecast

Shipping firm Stolt-Nielsen reported fourth quarter earnings below forecasts on Thursday and said it was concerned about the outlook for the chemical tanker market,

Wartsila Sees Low Oil Price Impacting Shipping

CEO cautious on 2015 outlook. Finnish ship engine and power plant maker Wartsila reported a smaller-than-expected quarterly profit and warned lower crude prices

Directorate Changes at Fastnet

Fastnet, the UK and Irish listed E&P company focused on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, announces certain management

Salvage

Fugitive Treasure Hunter Arrested in Florida

An Ohio man who recovered as much as $400 million in gold from a shipwreck has been arrested in Florida after two years on the run and was scheduled to appear in federal court on Wednesday.

ms Veendam Rescues Pilot Off Maui Coast, Hawaii

On Sunday, Jan. 25, 2015, at 5:21 p.m. local time while en route to Lahaina, Hawaii, Holland America Line’s ms Veendam answered a request for assistance from

ASA Mission Statement Revised to Expand Reach

The American Salvage Association has revised its mission statement to increase its area of influence beyond North America, complemented by a new logo that reflects the expanded direction.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2882 sec (3 req/sec)