CCCC May Build Terminal in Sydney Harbour
China Communications Construction Co. Ltd (CCCC). has agreed to build a highly automated container terminal in Sydney Harbour, depending on the results of a feasibility study to be conducted next year. Albert Barbusci, CEO of Harbor Port Development Partners (HDP), said that his company, which has the exclusive right to market the port of Sydney, has signed a deal with China Communications Construction Company related to the design, construction and ownership of a deep-water container terminal in Sydney. It’s expected the multi-year development of the port will cost more than $1 billion. HDP also says discussions are underway on a potential equity stake in the project by the Chinese firm.
TBS Takes Delivery of Its Sixth Newbuild Vessels
TBS International plc (NASDAQ: TBSI) announced today that it has taken delivery of the newly-constructed vessel M/V Maya Princess from China Communications Construction Company Ltd./ Nantong Yahua Shipbuilding Group Co., Ltd. The M/V Maya Princes is the sixth and final delivery in the series of six "Roymar Class" 34,000 dwt multipurpose tweendecker vessels that the Company ordered at a purchase price of $35.4 million per vessel. This vessel, like her sister ships, has box-shaped holds…
TBS International Expands Fleet to 50 Vessels
TBS International plc (NASDAQ: TBSI) has taken delivery of the newly-constructed vessel M/V Omaha Belle from China Communications Construction Company Ltd./ Nantong Yahua Shipbuilding Group Co., Ltd. The M/V Omaha Belle is the fourth in a series of six Roymar Class 34,000 dwt multipurpose tweendecker vessels that the Company ordered at a purchase price of $35.4m per vessel. TBS expects to take delivery of the remaining two vessels by the third quarter of 2011. The Company has in place the requisite bank financing for these vessels. With the delivery of the M/V Omaha Belle, TBS's current fleet expands to 50 vessels with an aggregate of 1.51 million dwt, consisting of 28 tweendeckers and 22 handymax/ handysize bulk carriers.
TBS International Takes Delivery of Third Newbuild
TBS International plc (NASDAQ: TBSI) announced it has taken delivery of the newly-constructed vessel M/V Montauk Maiden from Nantong Yahua Shipbuilding Group Co., Ltd. The M/V Montauk Maiden is the third in a series of six “Roymar Class” 34,000 dwt multipurpose tweendecker vessels that the company has ordered with China Communications Construction Company Ltd./ Nantong Yahua Shipbuilding Group Co., Ltd. for a purchase price of $35.4m per vessel. This vessel, like its sister ships, has box-shaped holds, open hatches and fully retractable hydraulic tweendecks, is geared with 35 and 40 ton cranes combinable up to 80 tons, and has a modern fuel-efficient engine enabling the vessel to operate effectively at 15 knots.
TBS International's Second New Tweendecker
TBS International plc (NASDAQ: TBSI) announced that it has taken delivery of the newbuild vessel M/V Dakota Princess from China Communications Construction Company Ltd/ Nantong Yahua Shipbuilding Group Co., Ltd on March 26, 2010.The M/V Dakota Princess is the second of a series of six TBS-designed Roymar Class 34,000 dwt multipurpose tweendecker vessels that the company had ordered for a purchase price of $35.4m per vessel. Of the remaining four vessels, the company expects to take delivery of two vessels in 2010 and two in 2011. The company has in place the requisite bank financing for all of these. With this delivery, TBS' current fleet is comprised of 49 vessels with an aggregate of 1.47 million dwt, consisting of 26 tweendeckers and 23 handymax/ handysize bulk carriers.
