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BUILD

Ship Sales

Tanker Sentinel - (built 1986) 106,722 dwt sold for $14.4 million. Tanker Bow Explorer - (built 1975) 31,501 dwt sold to Vulcanus for $4 million. Tanker Jo Breid - (built 1981) 26,300 dwt sold to Norwegian buyers for $7.5 million. Bulker Red Rose - (built 1978) 75,720 dwt sold for $2.35 million. Bulker Lionsgate Bulker - (built 1996) sold to London based Greek buyers for $18.25 million. Bulker Litrotis - (built 1981) 64,120 dwt sold at auction in Singapore for $3.5 million. Bulker Al Esraa - (built 1996) 16,113 dwt sold to Greek buyers for $6.6 million. Containership LT Nipponica - (built 1989) 23,741 dwt sold to Greek buyers for $12.5 million. Containership LT Mediterranea - (built 1988) 23,473 dwt sold to Greek buyers for $12.5 million. Containership Tang He - (built 1983) 20,825 dwt , Qing He - (built 1982) 20,829 dwt, and Fen He - (built 1982) 20,828 dwt sold for $9 million en-bloc.


Three Tankers Purchased

Unknown Italian buyers recently purchased three 1979 Japanese-built tankers for a total of $5.9 million. The vessels acquired by the Italians were the Sarpindo Palapa (16,370-dwt), the Sarpindo Primuda (16,319-dwt) and the Sarpindo Pribumi (16,291-dwt). Another tanker sold was the 1986 German-built Leng (10,628-dwt) purchased by unidentified Danish buyers for $11.9 million. Unknown buyers purchased four Japanese-constructed bulk carriers for a total of $32 million.


IMO Reoccupying its Headquarters

IMO will be fully operational, once again, from its Headquarters on 's Albert Embankment, following a 20-month period in temporary accommodation while the Headquarters building underwent major refurbishment. The first major meeting to be held in the refurbished Headquarters will be the 84th session of the Maritime Safety Committee (7 to 16 May) and the building will be formally re-opened in a special ceremony in mid-June to coincide with the 100th session of the IMO Council.


STX to Set Up Subsidiary in China

STX Shipbuilding Co said Tuesday it plans to make an initial investment of 35 billion Korean Won to set up a wholly-owned subsidiary in , STX () Business, reports said. STX Shipbuilding said in a statement to regulators that STX () Business would be in charge of management and leasing of STX's facilities in . STX Shipbuilding would be the first Korean company to build a shipyard in , and the first Korean-owned overseas shipyard capable of building a whole vessel


Graig Takes Delivery of Bulk Carrier

King Peace before delivery_web.jpg

Cardiff-based Graig Ship Management Limited has taken delivery of the 79,600 dwt bulk-carrier King Peace, for which it is providing full technical management and crewing on behalf of Shanghai-based Zhong An Shipping. The vessel was built at China’s Wu Jia Zui Shipyard under the supervision of Graig China Ltd. Managing ships for Chinese owners is a logical step for Graig, which began business in China in 1995, building ships there for itself


South Australia Seeks Shipbuilding Job Guarantees

Image - Commonwealth of Australia: Navy Imagery Unit

 The South Australian Government has outlined three key points on shipbuilding it wants addressed by the Commonwealth's Defence White Paper next month.   It wants (1) a minimum 70 per cent Australian worker participation in the building, similar to the Collins Class submarines, (2) a guarantee the future naval submarines and frigates will be built in Australia and (3) that the local industry will have a continuous building program.  


PPL Shipyard to Build Jackup for Offshore Group Corp.

PPL Shipyard, a subsidiary of SembCorp Marine, has secured a rig building contract worth $155m from Offshore Group Corp. for the construction of a Baker Marine Pacific Class 375 Deep Drilling Offshore Jackup Rig. Construction of the jackup rig is expected to commence in December 2006 with delivery scheduled in July 2009. The jackup rig will be built based on PPL's proprietary Baker Marine Pacific Class 375 Deep Drilling design


Building Fishing Boats on the Bayou

When one conjures images of a prosperous and healthy marine niche today, it is guaranteed that the fishing boat market is the first, second, or third to come to mind. Plainly put, there are not a lot of fishing boats being built today. A few are built each year, mainly as replacements, in the major fishing areas of New England and the Northwest. The same is basically true in the Gulf south, except for a small dot on the map named Bayou La Batre, Ala


HSL to Build Naval Ships

Reports indicate that Hindustan Shipyard Ltd (HSL) of India is set to add naval ships to its order book. The defense ministry is keen to place orders for building naval ships at HSL and a decision is expected by next month, reports said. Mazgaon Docks Ltd, Garden Reach, Kolkata, Goa Shipyard and Cochin Shipyard build most of the naval ships. Among the private firms, ABG Shipyard has built some coast guard ships, while Bharati Shipyard has built some vessels for the Indian Navy.


Crowley’s Corporate Office Achieves LEED Silver

Photo courtesy Crowley Maritime

Crowley Maritime Corporation Chairman, President and CEO Tom Crowley, elected area officials and business leaders gathered at the company's corporate headquarters in Jacksonville to commemorate the completion of Crowley's office building renovation project and its United States Green Building Council LEED (Leadership in Energy and Environmental Design) Silver Award Designation. The Crowley building is only the second building in Jacksonville to attain the LEED Silver award for commercial


Concordia Maritime Charters Two MR Tankers

Concordia Maritime has signed a contract for the chartering of two IMO2/3 class MR tankers. This a joint chartering arrangement with Stena Weco, and Concordia Maritime’s share amounts to 50 percent. The contract is for one year, and the charters run from June and July 2017.


FREMM Rizzo Delivered to the Italian Navy

Photo: Fincantieri

The frigate Rizzo was delivered to the Italian Navy at Fincantieri’s shipyard in Muggiano, La Spezia. It is the sixth vessel of the FREMM program – Multi Mission European Frigates – commissioned to Fincantieri within the international Italian-French program


OPTECH South 2017: Littoral Challenges in Colombia

Photo credit: Nicklas Gustafsson

Concepts and Technologies Examined at Sea and Ashore    Naval experts from around the world are meeting in Cartagena, Colombia, for the Operations and Technology (OPTECH) South 2017 conference.  The event is being conducted by the U.S


Washington Maritime Economy Grows Stronger -Study

© Bill Perry / Adobe Stock

A new report from the Washington Maritime Federation shows strong health of industry, increased average salaries and tremendous opportunity to continue to grow maritime jobs.   The Washington State Maritime Sector Economic Impact Study 2017 Update


Viking Ocean Cruises Extends Order at Fincantieri

Viking Ocean Cruises and Fincantieri signed a memorandum of agreement for the construction of two additional cruise ships, with an option for another two.   The new builds will be sister ships to the six already ordered and will enter Viking fleet in 2021 and 2022, respectively


Ballarat Exercises with PLA-N

Royal Australian Navys HMAS Ballarat and Chinese Peoples Liberation Army-Navy (PLA-N) Jiangkai II class frigate Huangshan, conduct exercises on completion of HMAS Ballarats port visit to Zhanjiang, China. Photo:  Royal Australian Navy

 HMAS Ballarat has taken part in a range of maritime exercises with People’s Liberation Army – Navy vessel Huangshan following a successful visit to the People’s Republic of China.   Conducted after Ballarat departed Zhanjiang port


Stena Imagination Named in Dubai

Carl-Johan Hagman, Chairman of the Board, Stena Bulk; Jin Lichao, Vice President, GCI; Godmother Lourdes Torgersen, Jan Torgersen, Zhang Dalei, Deputy Director of European Department, CSTC; Li Hongmei, Deputy Director of Business Development, GSI; Erik Hånell, President and CEO, Stena Bulk. (Photo: Silverbullet)

The MR tanker Stena Imagination was named in the Port Rashid Terminal in the heart of Dubai.   According to Erik Hånell, President & CEO of Stena Bulk and CEO of Stena Weco, “Naming the Stena Imagination in Dubai is very much a strategic choice


St. Johns Delivers for Vane Brothers

Philadelphia is the fifth of eight new tugs being built by St. Johns Ship Building for Vane Brothers (Photo: St. Johns Ship Building)

St. Johns Ship Building has delivered the newly built tug Philadelphia to owner Vane Brothers.   Philadelphia is the fifth of eight new hulls for Vane Brothers in the Elizabeth Anne tug series consisting of 100 feet LOA, 4,200 HP twin screw tugs.  


Australian MATV Completes Sea Trials

Photo: Damen

The Royal Australian Navy’s new Multi-role Aviation Training Vessel (MATV) MV Sycamore has passed sea trials. Following final vessel handover from builder Damen Shipyards Group, MV Sycamore will perform diverse training and support duties.  


DryShips Acquires Three Kamsarmax Bulkers

DryShips has entered into agreements with unaffiliated third parties to purchase three Kamsarmax drybulk carriers built in 2014.   One 81,918 DWT Kamsarmax drybulk carrier is built in 2014. The company expects to take delivery of this vessel during the second quarter of 2017.   


Rickmer's Group Worth $740 Million

Rickmers Group fleet value, from March 21, 2016 (Source: VesselsValue)

Following last month’s news that Singapore Based Rickmers Maritime Trust is to be wound up, Rickmers Holding AG released a statement on April 19 reporting that an understanding had been reached regarding restructuring of the Rickmers Group.  


Bollinger Delivers USCGC Benjamin Dailey

USCGC Benjamin Dailey (Photo: Bollinger Shipyards)

Bollinger Shipyards said it has delivered the USCGC Benjamin Dailey, the 23rd Fast Response Cutter (FRC) to the U.S. Coast Guard.   The Coast Guard took delivery of the 154-foot patrol craft on April 20, 2017 in Key West, Fla. The vessel’s commissioning is scheduled for July 4


US Navy to Celebrate Earth Day

Photo: United States Navy

 Performing missions at sea, on land and in the skies daily around the globe, the Navy is a constant presence in the environment. To emphasize stewardship on all fronts, the Navy workforce is taking part in Earth Day-related activities throughout the month of April.   


Diana Prices USD 70 mln Public Offering

Photo: Diana Shipping Inc

 Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels,  announced that it has priced its previously announced underwritten public offering of 17,500,000 common shares, par value US$0.01 per share, at a price of US$4.00 per share.   


Australian Built Ferry Heads for Denmark

Photo: Peter Harmsen / Incat Tasmania

A new generation fast ferry has left Tasmania on her delivery voyage to Denmark via the Panama Canal.   The Express 3 is a 109 meter long high speed vehicle/passenger ferry from Australian shipbuilder Incat Tasmania for Danish operator Molslinjen






 
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