ADNL, NPCC Ink $110m Vessel Deal

Tuesday, April 12, 2011

The Abu Dhabi National Leasing Company (ADNL) has signed a $110m deal with the National Petroleum Construction Company (NPCC) for financing the construction and lease of its new vessel. The proposed financing structure is a two-plus-five year finance lease to partially finance one new Derrick Lay Ship DLS-4200 for NPCC.

(Source: Khaleej Times)

advertise here

Maritime Reporter May 2013 Digital Edition

FREE Maritime Reporter Subscription

Latest Maritime News

Escort Tugs in San Francisco Bay

Indian Navy Chose Ullman Seats as New Standard

China Supplies Maersk Triple-E Hull Modules

Wison Announces Venezuela Contract

MARAD Deputy Matsuda Resigns

Maritime Jobs

OFFSHORE DRILLING ENGINEER

Port Engineer

Project Engineer

Chief Mate - R/V Oceanus

Engineering Manager/Naval Architect

Shipbuilding

Keel Authenticated for Ingalls’ Fifth National Security Cutter

Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division authenticated the keel of the company's fifth U.S. Coast Guard National Security Cutter, James (WMSL 754).

USCG Contracts HII to Build Sixth National Security Cutter

The U.S. Coast Guard awarded a fixed‐price incentive firm target contract valued at approximately $487.1 million to Huntington Ingalls Industries for the production

Conrad Shipyards Earn Two Safety Awards

Conrad Shipyard, L.L.C. has received the 2012 Award for Excellence in Safety as well as the Award for improvement in Safety by the Shipbuilders Council of America (SCA).

News

IMO Opens the Door to Reduce Shipping Emissions

Member states of the International Maritime Organisation (IMO) agreed on a Resolution on technology cooperation, which was delaying the implementation of standards

Royal Alfred Becomes a Dementia Friend

A maritime care home has joined the national Dementia Friends campaign as part of its ongoing drive to both expand its specialist care provision and provide a wider

Singapore: Illegal Bunkering Activity

The Singapore Maritime and Port Authority (MPA) issued a news release stating that four persons are being charged with corrupt practices for conspiring to engage in illegal bunkering activity.

Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Sonar Winch