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Delivery First

ABS Supports Developments Offshore Brazil

New discoveries of giant oil and gas field discoveries offshore Brazil have operators venturing into deeper water while committing expanded E&P budgets for developments in frontier regions. The Campos Basin remains the greatest focus of exploratory activity, with the Santos Basin to the south and Espirito Santo Basin to the north also seeing activity. Ship-shaped floating production, storage and off-loading (FPSO) vessels remain the preferred development option for these frontier prospects, with ABS the leading classification society of choice for FPSO conversions for offshore Brazil, says João Carlos Pacheco, ABS Brazil country manager. “As an ABS representative in South America for nearly 20 of ABS’ 50-year-plus history in the region, I continue to be impressed by how Petrobras and industry participating in offshore Brazil adapt to changing needs. Brazil is on the forefront of offshore technology, especially, deepwater technology. ABS is proud to be a part of this frontier development and technology advancement,” said Pacheco. By 2005, more than half of Brazil’s oil production will come from ultra-deep waters, requiring an incredible investment in infrastructure and involving untold risks, advises Pacheco. “That has not stopped Petrobras; nor does it inhibit the international oil and gas companies which come to Brazil to help develop its rich offshore fields,” he said.


USMI Celebrates a Double Delivery

On Friday April 14, United States Marine, Inc., (USMI), celebrated the delivery of two of their 36-ft. NSW RIBs to the United States Special Operations Command, USSOCOM, marking the 99th and 100th craft delivered by USMI to USSOCOM to date. This delivery marked a number of occasions, including USMI’s first scheduled deliveries since hurricanes Katrina and Rita. This celebration also marked the first deliveries of new craft from their new Gulfport, Miss., facility.


ABB Wins Contracts Worth $110M

ABB has been awarded contracts worth $110 million to supply electrical power systems for twelve vessels and five offshore drilling rigs. The ABB orders, all booked during January-March 2006, include the following: • Total electrical power system packages for two semi-submersible drilling rigs for subsidiaries of Jon Fredriksen controlled SeaDrill Ltd (Subsea Drilling (III) Ltd and Subsea Drilling (IV) Ltd). The rigs will be built at South Korea’s Daewoo Shipbuilding and Marine


Global Ocean Trade: Latest Shipbuilding Orders

Ships bow: File photo

Orders for gas carriers placed with Korean and Japanese shipyards figure prominently amongst the latest newbuilding orders noted in the latest Clarkson Hellas S&P Weekly Bulletin. Dry bulk carriers Pan Ocean have placed an order for two firm 207,000 dwt Newcastlemaxes at New Times, with both vessels due to deliver within the second half of 2016. Also in China, Clarkson Hellas mentions that Conti Reederei have extended their order for 64


Adriatic Marine Order Six More DP-2 OSV's

Photo: Adriatic Marine

Raceland, LA-based Adriatic Marine LLC inform they have contracted Master Boat Builders, Inc., of Mobile, Alabama, for the construction of six 220’-class DP-2 Offshore Supply Vessels (OSVs).  Construction is scheduled to begin in January 2014.  Delivery of the first vessel is scheduled for the first quarter of 2015, with deliveries of the five subsequent vessels following every four months thereafter.


Seaspan Accepts Containership Delivery

Seaspan Corporation announced that it accepted delivery of a 10,000 TEU containership, the Hanjin Buddha, which was constructed using Seaspan's fuel-efficient SAVER design. The new containership, which was constructed by Jiangsu New Yangzi Shipbuilding Co., Ltd., is Seaspan's first SAVER design vessel in the company's operating fleet. The Hanjin Buddha will commence a ten-year, fixed-rate time charter with Hanjin Shipping Co. Ltd


TBS Acquires Two Ships

TBS International Limited entered into agreements to acquire two sister tweendeckers, the M.V. Wedellsborg and the M.V. Frijsenborg. TBS has agreed to acquire these vessels en bloc for $46m charter free and they are expected to be delivered to the Company in the first quarter of 2008. The M.V. Wedellsborg, to be renamed the M.V. Ottawa Princess, is a 1987 built tweendecker of 22,800 dwt and the M.V. Frijsenborg, to be renamed the M.V. Caribe Maiden, is also a 1987 built 22,800 dwt tweendecker


Navig8 Acquires Tanker from SPP Shipbuilding

Courtesy Navig8

Navig8 Product Tankers Inc. (the “Company”) (N-OTC: EIGHT), an international shipping company focused on the transportation of petroleum products, today took delivery of the Navig8 Pride, a 74,000 DWT LR1 tanker from SPP Shipbuilding Co., Ltd. The Navig8 Pride is the first of four vessels contracted at SPP to be delivered to the Company and is the first vessel to be delivered under the sale and leaseback agreements entered into with CMB Financial Leasing Co


Euronav Defers VLCC Resale Deliveries into 2017

Euronav NV said it has agreed with Hyundai Heavy Industries (HHI) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017.      The vessels, previously expected to be delivered between October and November 2016, will now be delivered in January 2017. Pursuant to these deferred deliveries, the amount of approximately $97 million that was previously expected to be paid to the shipyard during the


Moody's Downgrades Navigator Gas

Moody's Investors Service has downgraded the rating of Navigator Gas Transport's first priority ship mortgage notes due 2007 to Caa2 from Caa1, and the second priority notes due 2007 from Ca to C. The senior implied rating was reduced to Caa2 from the previous B3. The rating outlook is negative. The rating downgrade primarily reflects the reduction in earnings capacity of the ships due to the continued weak rate environment of the transport market for petrochemical gasses


US Delivers Ship to Vietnam Coast Guard

(U.S. Coast Guard photo by Melissa E. McKenzie)

The U.S. Coast Guard transferred a high-endurance cutter to its Vietnamese counterpart in Honolulu, the U.S. Embassy in Hanoi said on Friday, in the latest effort to deepen ties with its former foe.   The move follows an increase in exchanges between the two countries


StealthGas Achieves High Revenue

Photo: StealthGas Inc

 StealthGas, ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, registered  an operational utilization of 97.3% in Q1 2017 (91.1% in Q1 2016), best performance since the beginning of 2014.  


U.S. Freight Recovery Spurs Diesel Demand

File Image: CREDIT AEP

U.S. freight movements have started increasing again, which should help boost consumption of distillate fuel oil in 2017 and 2018.   The tonnage of freight moved by road, rail, barge, pipeline and air cargo has been increasing year on year since October


Nor-Lines, Rolls-Royce Sign Service Agreement

Photos courtesy of Rolls-Royce

Nor Lines and Rolls-Royce have signed a “Power-by-the-Hour” service agreement for the two vessels Kvitbjørn and Kvitnos. The new service offering harnesses the power of “big data” to monitor, plan and perform maintenance and repairs on all the equipment it has


Stolt-Nielsen Orders Small LNG Carriers

Stolt-Nielsen Limited subsidiary Stolt-Nielsen Gas B.V. (SNG) has contracted with Keppel Singmarine for the construction of two 7,500 cbm liquefied natural gas (LNG) carriers, with options to purchase three additional similar ships.  


Skangas Names LNG Bunker Supply Ship Coralius

Photo: Skangas

 Coralius, the first European built LNG bunker and distribution vessel was named Monday, May 22, by Johanna Lamminen, Chair of the Board of Skangas and Chief Executive Officer of Gasum.    The 5,800 cbm vessel was commissioned by owners Anthony Veder and Sirius Shipping in 2015


NYC's New Ferries Take to the Water

Photo: Incat Crowther

The first vessel in the new NYC Ferry’s fleet has been christened Lunch Box, following a naming competition held amongst New York school students.   Lunch Box, which has already been followed by a subsequent pair of vessel in New York


GOGL Adds Dry Bulk Vessel

Golden Shui. Photo: Golden Ocean Group Ltd

 Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL) has taken delivery of a dry bulk which it bought in March 2017.   On 14 March 2017, GOGL announced that it has entered into agreements to acquire 16 modern dry bulk vessels in an all-share transaction where the


MTU Propulsion for High-speed Ferry

Photo: MTU

Rolls-Royce said it will supply four 20-cylinder Series 8000 engines from MTU to Australian shipyard Incat Tasmania. The engines will be installed in the new high-speed RoPax ferry to be used by the Virtu Ferries company on the Malta-Sicily service that it operates daily throughout the year.


Sentinel Takes Delivery of New Rescue Vessel

Mariner Sentinel (Photo: Sentinel Marine)

Aberdeen-headquartered Sentinel Marine said it has taken delivery of a new emergency response and rescue vessel (ERRV) which will see 24 new jobs being created within its North Sea operation.   Sentinel Marine, which owns and operates offshore support vessels for the oil and gas industry


COSCO (Dalian) Shipyard Delivers Flag Lama

Photo: COSCO (Dalian) Shipyard

 COSCO (Dalian) Shipyard Co has delivered an bulk carrier, “FLAG LAMA”, to its European buyer, the company said in its press release.    The delivery documents were signed by and between COSCO Dalian and the buyer recently.   


COSCO Singapore Wins FSRU Deal

Photo: Cosco Shipyard

 Cosco (Qidong) Shipyard Co, a subsidiary of Cosco Corp's 51 per cent subsidiary Cosco Shipyard Group Co, has entered into an agreement with a European buyer for the construction of the floating storage regasification unit (FSRU) module.  


Navy Christens USNS City of Bismarck

Photo: Official FB Page of Austal USA

 Austal celebrated the christening of Expeditionary Fast Transport ship USNS City of Bismarck (EPF 9) with a ceremony at its state-of-the-art shipyard on May 13.    City of Bismarck is the ninth of 12 Expeditionary Fast Transport vessels (EPF) that Austal has under contract with


Diana Shipping Adds m/v Astarte

Photo: Diana Shipping Inc

 Diana Shipping, a company specializing in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Astarte (formerly “Seatrust”).   Astarte  is a 2013 built Kamsarmax dry bulk vessel of 81


Innovative Subsea Crane Ordered for RSV Conversion

Image: Rolls-Royce

 Brazilian ship owning company CBO’s vessel CBO Manoella is currently being retrofitted from an offshore platform supply vessel (PSV) into a ROV Support Vessel (RSV).   As part of the conversion project, CBO has assigned Rolls-Royce to equip the vessel with a new patented hybrid






 
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