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Three Ships News

12 Apr 2024

Time Charter for Flex Endeavour Extended to 2032

Flex Endeavour (Photo: Flex LNG)

Flex LNG on Friday announce that the charterer of its liquefied natural gas (LNG) carrier Flex Endeavour has exercised an option to extend the firm period of the time charter by 500 days, from the third quarter 2030 to the first quarter of 2032. As announced on November 23, 2022, in connection with the extension of three ships, the charterer has one further option to extend the time charter period by one additional year to 2033.Øystein Kalleklev, CEO of Flex LNG Management AS…

20 Mar 2024

SFL Acquires LR2 Product Tanker Trio

© Kalyakan / Adobe Stock

Shipowner SFL Corporation on Wednesday announced it has agreed to acquire three new LR2 product tankers in combination with long term time charters to an energy and commodities company.The vessels are currently under construction in China, with the latest eco-design features, SFL said, noting the sellers are affiliates of the company’s largest shareholder Hemen Holding Ltd.SFL said it will acquire the three ships for an aggregate purchase price of approximately $230 million, in…

13 Feb 2024

Sunken Ship Spilling Oil in Trinidad and Tobago

(Photo: Office of the Chief Secretary)

First responders and volunteers from Trinidad and Tobago on Tuesday sought to contain an oil spill detected last week in the Caribbean country's waters and clean areas of Tobago island's coast already affected by the incident.Trinidad and Tobago's coast guard first spotted the spill on Feb. 7, about 6 kilometers off the coast of Studley Park, the chief secretary of Tobago's national assembly, Farley Augustine, said in a press conference on Sunday.Barriers have been installed to contain the spill…

31 Dec 2023

US Sinks 3 Ships, Kills 10 After Houthi Red Sea Attack

(Photo: U.S. Navy)

U.S. helicopters repelled an attack by Iran-backed Houthi militants on a Maersk container vessel in the Red Sea, sinking three ships and killing 10 militants, according to accounts by American, Maersk, and Houthi officials on Sunday.The naval battle occurred around 0330 GMT on Sunday as the attackers sought to board the Singapore-flagged Maersk Hangzhou, Maersk and U.S. Central Command (CENTCOM) said. Helicopters from the USS Eisenhower and USS Gravely joined the ship's security team in repelling the attackers after receiving a distress call…

18 Oct 2023

1993-built Passenger Vessel Sees 23% CO2 Emission Reduction after Eco-Makeover by Kongsberg

Credit: Kongsberg Maritime

Kongsberg Maritime, a Norwegian maritime equipment and technology specialist, announced a 23% reduction in CO2 emissions on the 121-meter passenger vessel MS Richard With, which is owned by Hurtigruten, a coastal ship operator and adventure travel company.The vessel finished an extensive refit last summer using Kongsberg Maritime engineering and technology and has now completed its first year back in service.Last year, Kongsberg Maritime partnered with Myklebust Verft shipyard to convert three Hurtigruten ships to hybrid technology, promising reduced emissions and quieter operations.

17 Oct 2023

Evergreen Line Declares Force Majeure on Israel Shipment

Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its Ever Cozy vessel diverted to Haifa further north due to safety concerns, according to a customer note.This is one of the first force majeures declared since Hamas Islamists launched attacks on Israel on Oct. 7, amid preparations by Israel's military to launch ground operations into Gaza in retaliation.The Ever Cozy was sailing towards Haifa port on Tuesday, according to data from ship tracking and maritime analytics provider MarineTraffic.Israel has vowed to annihilate Hamas Islamists after its fighters stormed through Israeli towns from Gaza…

21 Sep 2023

U.S. Revives Cold War Submarine Spy Program to Counter China

Credit: noraismail/AdobeStock

On a windswept island 50 miles north of Seattle sits a U.S. Navy monitoring station. For years, it was kept busy tracking whale movements and measuring rising sea temperatures. Last October, the Navy gave the unit a new name that better reflects its current mission: Theater Undersea Surveillance Command.The renaming of the spy station at the Whidbey Island naval base is a nod to a much larger U.S. military project, according to three people with direct knowledge of the plans:…

11 Sep 2023

Svanehøj's Equipment for Northern Lights' Third LCO2 Carrier

Credit: Northern Lights (file image)

The Northern Lights carbon capture and storage JV in Norway is increasing CO2 shipping capacity with its third LCO2 carrier. Like the first two vessels, the gas equipment specialist Svanehøj will supply the cargo pump system. "The three ships are the world's largest of their kind, and the order represents a significant milestone for Svanehøj's ambitions in Carbon Capture and Storage," Svanehøj said.In 2022, the Danish gas equipment specialist was chosen as the cargo pump supplier for the first two Northern Lights LCO2 carriers.

08 Sep 2023

Virgin Voyages Raises $550 Million in Ares Management-led Fundraise

© Riccardo Arata / Adobe Stock

Virgin Voyages, the cruise brand from Richard Branson's Virgin Group, said on Friday it has raised $550 million in fresh capital to expand into new international markets.The funding was led by Ares Management with participation from existing investors, including British conglomerate Virgin Group and venture capital firm Bain Capital.Launched at the end of 2021, Virgin Voyages operates three ships servicing the Caribbean and the Mediterranean. It plans to operate in Australia and…

28 Aug 2023

AET Delivers LNG Dual-Fuel VLCC to Shell

EAGLE VELLORE: AET's newest LNG dual-fuel VLCC Eagle Vellore was named today in Malaysia. Image courtesy AET

AET delivered its newest vessel, the first of three Very Large Crude Carrier (VLCC) powered by dual-fuel liquefied natural gas (LNG) engines, on long-term charter to Shell Tankers (Singapore) Private Limited.The Malaysian-flagged Eagle Vellore was named at a ceremony at the MMHE Pasir Gudang yard, attended by the Deputy Minister of Transport, Malaysia and other Malaysian government officials. The naming of the 300,000 dwt tanker in Malaysia marks an important milestone for AET…

24 Jul 2023

The Need for [U.S. Navy Shipbuilding] Speed

The world's largest aircraft carrier USS Gerald R. Ford (CVN 78) steams in the Adriatic Sea, June 23, 2023.
(U.S. Navy photo by Mass Communication Specialist 2nd Class Jackson Adkins)

The Navy wants, and needs, more ships; but it can’t build them fast enough.While the U.S. Navy aims to achieve a 355-ship fleet, it is decommissioning older (and some not so old) ships at about the same rate it's adding new ones.A Congressional Research Service report stated that, as of April 17, 2023, the Navy included 296 battle force ships. "The Navy projects that under its FY2024 budget submission, the Navy would include 293 battle force ships at the end of FY2024 and 291 battle force ships at the end of FY2028."But there is progress…

25 May 2023

Bollinger Launches OSU's New Oceanographic Research Vessel

R/V Taani is docked in Houma, La. after its launch. Once completed, the National Science Foundation-funded vessel will be operated by Oregon State University. (Photo by Daryl Lai / Oregon State University)

The first of three new oceanographic research vessels dedicated to advancing marine science along U.S. coasts was successfully launched Thursday.The ship, R/V Taani, is being constructed as part of a project, led by Oregon State University (OSU) and funded by the U.S. National Science Foundation (NSF), to provide scientists with valuable new tools to study critical issues such as rapidly changing ocean conditions and human impacts on the marine environment.The Regional Class Research Vessel project…

11 May 2023

North Star to Expand Offshore Wind Fleet with Two New Vessels from Vard

Credit: VARD

Norwegian shipbuilder Vard, part of Italy's Fincantieri, has signed new contracts to design and construct two commissioning service operation vessels (CSOVs) for the UK-based offshore vessel owner North Star.The agreement also has an option for two additional ships, which could ultimately create a total of up to 200 new seafaring job opportunities across the CSOV fleet once operational, Vard said.North Star, which employs 1,300 crew and onshore personnel, has committed to delivering 40 offshore wind vessels by 2040.According to Vard…

23 Mar 2023

US Transfers Three Patrol Ships to the Egyptian Navy

(Photo: U.S. Navy)

The United States has transferred three U.S. Navy patrol craft to the Egyptian Navy in an effort to help boost regional maritime security.During a formal ceremony in Alexandria, Egypt on March 21, U.S. Naval Forces Central Command (NAVCENT) turned over USS Hurricane (PC 3), USS Sirocco (PC 6), and USS Thunderbolt (PC 12), three former Cyclone-class patrol coastal ships built by Bollinger Shipyards in the early 1990s.“The Egypt-U.S. maritime partnership has been a fundamental pillar of our bilateral defense cooperation for decades,” said Vice Adm. Brad Cooper, commander of NAVCENT, U.S.

13 Mar 2023

Construction Begins for American Cruise Lines' Fourth New Coastal Cat

(Image: American Cruise Lines)

American Cruise Lines on Monday announced construction has begun on American Legend, the fourth new Coastal Cat in the company’s Project Blue series.Described by American Cruise Lines as a "nimble go-anywhere ship", the 100-guest American Legend is being built for coastal operation and features a new hull design that is a hallmark of the series. All American’s new Coastal Cats are being built by Chesapeake Shipbuilding in Salisbury, Md.The first three ships in the series—American Eagle…

09 Feb 2023

The U.S. Navy Needs More Ships, Encourages Industry to "Pick up the Pace"

Bryce Woolston cleans up welds on the Virginia-class attack submarine USS Delaware (SSN 791) at HII Newport News Shipbuilding. (HII photo by Chris Oxley)

The demand for warships is strong, and the Navy continues to receive support from the Congress to build more ships. The Navy is working to achieve a fleet of about 355 ships, plus a fleet of about 150 unmanned vesselsBut to achieve something close to that goal requires more than demand, and even more than money. For one thing, it requires an industrial base that can build, repair and sustain that fleet.While Navy leadership acknowledges the challenges of a stressed supply chain…

05 Jan 2023

Saab Receives Order for Life Extension of Swedish Mine Countermeasures Ships

(Photo: Saab)

Saab has signed an agreement with FMV on the life extension of two Koster-class mine countermeasures ships. The order value is SEK 350 million. The contract also includes options for FMV to order measures regarding the remaining three ships in the Koster-class. The total value of the options are SEK 270 million.The contract with FMV means that Saab will carry out life extensions of two Koster-class mine countermeasures ships. The modernization involves an exchange of systems for life extension and enhanced capabilities to ensure continued operability.

16 Nov 2022

Harland & Wolff-led Consortium Wins UK Navy Shipbuilding Contract

An artists impression of the new support ship (Image: Harland & Wolff)

Britain has selected a Harland & Wolff-led consortium to build three Royal Navy support ships under a 1.6 billion pound ($1.9 billion) contract that will create 1,200 jobs in UK shipyards, including in Belfast where final assembly will take place.The consortium, which comprises ship designer BMT, Harland & Wolff and Navantia UK, was appointed preferred bidder to deliver the three support vessels that will provide munitions, stores and provisions to the Royal Fleet Auxiliary's aircraft carriers, destroyers and frigates, the government said on Wednesday.The consortium's proposal included a 77 mi

16 Sep 2022

Concordia Maritime CEO: "We are getting paid very well for our oldest ships."

P-MAX vessel Stena Provence Credit: Concordia Maritime - Photo: M. Cooper

Sweden-based shipowner Concordia Maritime has agreed to sell three product tankers, Stena Primorsk, Stena Performance and Stena Provence, all built in 2006 and of 65,200 dwt, to an unnamed European buyer.Concordia Maritime said Friday that the delivery is expected to take place during the fourth quarter of 2022."The sale is expected to have a positive liquidity effect of approximately USD 30 million. The surplus will be used for repayment of loans," the company said.According to Concordia Maritime…

19 Sep 2022

UN Ship Leaves Ukraine with Wheat for Ethiopia

(Photo: Ministry of Infrastructure of Ukraine)

The third vessel charted by the United Nations World Food Program (WFP), left Ukraine’s Chornomorsk Black Sea port with around 30,000 tonnes of wheat on board, Ukraine’s infrastructure ministry said on Saturday.“The vessel is headed for Ethiopia. According to UN estimates, Ethiopia is on the verge of a food crisis,” the ministry said in a statement.It said that in partnership with the WFP, three ships loaded with more than 90,000 tonnes of wheat are on their way to Ethiopia and Yemen.“We plan to export another 190,000 tonnes, which are currently being purchased by U.N.

11 Oct 2022

Kongsberg to Equip Three Polish Navy Warships with Hugin AUVs

Credit: Remontowa Shipyard via Saltwater Stone

Norway's Kongsberg Maritime has secured a contract award with Polish shipbuilder Remontowa Shipbuilding SA (RSB) to supply three shipsets of Kongsberg Hugin Autonomous Underwater Vehicle (AUV) systems and related HiPAP positioning and communication systems for three newbuild warships for the Polish Navy.The total contract value exceeds €10 million, with the Kongsberg equipment planned for the next three ships in the Kormoran II Mine-Countermeasures (MCM) vessel program (#4, #5, and #6).These three ships will be delivered between 2026 and 2027.

16 Sep 2022

Concordia Maritime Sells Three Tankers

(Photo: Oddway / Concordia Maritime)

Sweden-based shipowner Concordia Maritime announced it has sold three product tankers to a European buyer for above-market prices.The company said Friday that it has entered into an agreement for the sale of the 65,200 dwt vessels Stena Primorsk, Stena Performance and Stena Provence, all built in 2006 at Croatia's Brodosplit Shipyard. The ships are expected to be delivered to their new owner during the fourth quarter of 2022."The agreed price is significantly above the market valuations made mid 2022…

05 Aug 2022

Three More Ships with Grain Leave Ukraine Under Landmark Deal

The Panama-flagged Navistar departed from the Port of Odessa carrying 33,000 tons of corn to Ireland. (Photo: Turkish Defense Ministry)

Three ships loaded with grain under a recently concluded deal have left Ukrainian ports, the Turkish Defense Ministry and Reuters witnesses said on Friday.The Joint Coordination Centre in Istanbul, which groups Russian, Ukrainian, Turkish and U.N. personnel, said two ships were setting off from Chornomorsk and one from Odesa.The three vessels carrying a total of about 58,000 tonnes of corn have been authorized to leave Ukrainian ports as part of a deal to unblock grain exports.The Turkish Defense Ministry said on Twitter the Panama-flagged Navistar…