CMB Subsidiary Orders Six Ships

(Press Release)
Thursday, December 15, 2011
Earlier this month Bohandymar Limited – a 100% subsidiary of CMB – ordered 6 Handysize ECO-type bulk vessels (36.000 dwt) from Samjin Shipbuilding Industries Korea (Samjin) on very competitive conditions. The order includes two options each for two additional units. The delivery of the first four units is scheduled for 2013; and the others are scheduled for 2014. These vessels will be built according to the most modern specifications and are highly environmentally-friendly. The design offers a 30% fuel saving – as compared to vessels of the previous generation – and consequently a much lower CO2-emission. The vessels will also be equipped with a ballast water management system and are furthermore extremely flexible as regards the type of cargo they are able to carry.
With this order Bocimar strengthens its co-operation with Samjin. In 2007 Bocimar already ordered 10 – 35.000 dwt – Handysize units that were built at Samjin’s Chinese yard. Today 9 of these vessels are still part of Bocimar’s fleet.
Recently Bocimar reached an agreement for the termination of its counterparty default insurance. Within the framework of this agreement Bocimar has received an indemnity of USD 120 million.
This amount will be accounted for in the results over the remaining period of the previously insured contracts.
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Shipbuilders Vard Report Financial Fair Sailing

Designers and shipbuilders of offshore and specialised vessels, Vard Holdings, has announced its financial results for the second quarter of financial year 2014 (“2Q2014”),

Third RAmparts 2500 Tug for SMIT-Rebras

Keppel Singmarine BrasilLtda. (KSMB), of Navegantes, Brazil has recently completed the construction of the SMIT Panará, the third of a series of six Robert Allan Ltd.

Russia Doubts France Will Cancel Warships Sale

A senior Russian official said on Monday he doubted France would cancel its sale of warships to Russia, despite coming under pressure from other Western leaders

Bulk Carrier Trends

Ivory Coast Rain Fuels Hopes for Strong Cocoa Main Crop

Rain mixed with sunny spells last week in most of Ivory Coast's main cocoa regions helped the development of plentiful small pods, suggesting a strong start to

DryShips Receives Funds for 9 Drybulk Vessels

DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargos and offshore contract drilling oil services, announced today

Nigeria Cocoa Shipment Resumes

Exporters have resumed loading of cocoa shipments in Nigeria's second-largest producing area, Cross Rivers state, after the state government suspended on Friday a levy on bean exports,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Repair Ship Simulators Winch
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: 0.1471 sec (7 req/sec)