Marine Link
Wednesday, October 18, 2017

Expand Fleet

Bisso Marine Acquires Derrick Barge

Bisso-Marine_web.jpg

Bisso Marine has added the D/B Bisso 350 derrick barge to its expanding fleet. Built to service the offshore industry, the revolving D/B Bisso 350 will be used for salvage, offshore construction and diving operations. The vessel has three load blocks: 350 mt (385 st), 150 mt (165 st) and 12 mt (13 st). “The D/B Bisso 350 is a solid addition to our fleet, increasing our capabilities and expanding the level of our services,” said President and Chief Executive Officer W.A. “Beau” Bisso IV. The vessel is eight-point moored and has dimensions of 250 x 78 x 18 ft. It can accommodate 52 people. Formerly named Anna 4, it was purchased from Hapo International Barges of Rotterdam and is class certified by Lloyd’s Register. It flies the Panamanian flag and will be in worldwide service. The addition of the D/B Bisso 350 increases the Bisso Marine derrick barge fleet to a total of six derrick barges. (www.bissomarine.com)

Globus Maritime Expands Fleet to Seven with Supramax Delivery

Globus Maritime Announces the Delivery of the Supramax "Sun Globe," Expanding Fleet to Seven Vessels.   Globus Maritime Limited ("Globus" or the "Company"), (NASDAQ: GLBS), a dry bulk shipping company, announced that it has taken delivery of the M/V "Sun Globe," a 2007-built Supramax dry bulk carrier it acquired for a purchase price of $30.3 million, which the Company had previously announced in March 2011.  

Vinalines Plans to Expand Fleet

Vinalines plans to expand its fleet of ships so it can transport 2.6 million tons of cargo by 2010 A company official said Vinalines would continue to invest in building new seaports in Dinh Vu, off the northern port city of Hai Phong, in Quang Ninh Province; Hiep Phuoc in HCM City; Cai Mep-Thi Vai in Ba Ria-Vung Tau Province, in addition to Vung Tau container port. The company is aiming for an average cargo capacity of between 50-55 million tonnes at each of its ports by 2010.

Euroseas to Expand Fleet to 11 Vessels

Euroseas Ltd., an owner and operator of drybulk carriers, container ship and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that it has signed a Memorandum of Agreement to purchase the M/V Clan Gladiator, a Handysize container ship of 30,007 dwt and 1,742 teu built in 1992 in Germany for $25.7 million. The vessel is scheduled to be delivered to Euroseas around June 11, 2007, at the sellers' option

Oman Shipping Invests in Counter-Piracy Measures

Government-owned Oman Shipping Company (OSC) has invested in a number of measures to secure its expanding fleet of ships against piracy attacks Capt Andrew Boyce, Senior Manager Safety & Marine, Oman Ship Management Company, informed delegates on the second day of the TransOman Conference at the Grand Hyatt Muscat the measures — although expensive — are a necessity to ensure the security of the country’s national fleet, now boasting 36 ships worth nearly $3 billion

Laborde Diesel Generators Help Power Energy Giant

Photo: Laborde Products

Effective wastewater treatment and liquids processing is essential to energy production, pipeline and refining operations, both offshore and onshore. To help ensure efficient, reliable power for its fleet of equipment, the Water Treatment Services division of Greene's Energy Group recently chose custom generators packaged and installed by Laborde Products. Laborde customized four new 40 kW diesel generators for placement in SEPCo-certified

Tsakos Expands Fleet

Tsakos Energy Navigation Limited announced that it has taken delivery of two new vessels from Imabari Shipyards in Japan. The aframax Marathon was delivered on January 22, and immediately entered into an accretive repositioning voyage with a major South American oil concern. The panamax Maya, the first in a series of four new fully coated panamaxes, was received on January 24, and also immediately entered into an accretive repositioning voyage with a major Asian oil concern

Tsakos Releases 3Q Results

Tsakos Energy Navigation, the Greek oil tanker owner, recently reported better-than-expected third quarter earnings on an expanded fleet and a large capital gain. Net income for the third quarter ending Sept. 30 soared to $50m, or $2.61 per share, up from $44.5m, or $2.33 per share, in the previous year. The third quarter included capital gains of $31.8m compared to capital gains of $13.3m in the previous year. Sales rose to $122.5m up from $115.2m a year ago.

Genco to Acquire 16 Supramax Vessels

Genco Shipping & Trading Limited (NYSE:GNK) announced that it has entered into an agreement with Bourbon SA to acquire 16 Supramax vessels, including two newbuildings, from Setaf SAS, a wholly owned subsidiary of Bourbon SA, for an aggregate purchase price of $545m. The acquisition is subject to the completion of customary documentation and closing conditions. Genco intends to retain 13 of the vessels, 12 of which are expected to be delivered to Genco in the third quarter of 2010

USN Announces Innovation Awards Program

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  Across the Department of the Navy our talented Sailors, Marines and civilians are continually creating innovative solutions to our most complex problems. Ray Mabus, Secretary of the Navy, wants to recognize the top naval innovators in our workforce today and inspire future innovators to continue developing their bold ideas for the future. The SECNAV Innovation Awards Program seeks to recognize top DON individuals or teams who made significant innovative achievements in Calendar Year

Borr Drilling Aims to Expand Fleet, Keep Costs Low

Borr Drilling, the Norwegian drilling start-up, which listed on the Oslo exchange on Wednesday, said it aimed to expand its fleet, taking advantage of its low cost base. The start-up, launched last year and backed by the world's biggest oil service firm Schlumberger, said it aimed to have the lowest cash break-even costs in the industry and would take advantage of current low prices for rigs. "We have no debt

Eagle Bulk Completes Greenship Bulk Fleet Acquisition

Photo: Eagle Bulk Shipping

 Eagle Bulk Shipping, one of the world’s largest owner-operators in the Supramax/Ultramax segment, announced that it has taken delivery of the M/V Westport Eagle, the ninth and final Crown-63 Ultramax dry bulk vessel acquired from Greenship Bulk Trust.   Gary Vogel, Eagle Bulk's CEO, commented, "The successful conclusion of the nine-vessel fleet acquisition from Greenship Bulk provides clear and unambiguous benefits for Eagle

Hapag-Lloyd Orders 7,700 New Reefer Containers

Photo: Hapag-Lloyd AG

 This year, Hapag-Lloyd will once again make investments to maintain and expand its container fleet. The liner shipping company has ordered a total of 7,700 refrigerated containers (Reefers) of the latest generation – including 7,000 x 40-foot and 700 x 20-foot units.    In addition, 1,000 of the new containers are equipped with “Controlled Atmosphere” technology, which slows down the ripening process of various types of fruits and vegetables

BaltNav to Handle Part of Pioneer Marine's Fleet

Photo: Pioneer Marine

 Pioneer Marine, a leading shipowner and global drybulk handysize transportation service provider enters into cooperation with BaltNav A/S, Copenhagen.   The owner of 16 handy size bulk carriers commenced as of October 3rd, a cooperation with the Danish operator BaltNav.    Part of Pioneer Marine's bulk carrier fleet will thereafter be commercially operated by BaltNav who already operates a fleet of about 15 handysize vessels.  

Demand for Chemical Tanker Fleet Looks Up

Graph:  Drewry Shipping Consultants Limited

Demand for methanol and vegoil will moderately support global seaborne trade causing the shipping fleet trading in chemicals and vegoils to expand, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. A press release from Drewry said that the orderbook contains 144 stainless steel vessels totalling 3.4 mdwt for delivery by 2020, almost 22% of the existing capacity for such vessels; 63 of these vessels are in the size range of 25,000-40

Small Vessels Boost LPG Freight Rate: Drewry

Graph: Drewry Shipping Consultants Limited

 Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under pressure across most size segments. However, the small vessel segment is the only category where fleet growth will be minimal, leading to a recovery in rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.   Most vessel size segments are expected to witness another year of rapid supply growth in 2017

Safe Bulkers Expands Fleet

Photo: Safe Bulkers, Inc.

 Safe Bulkers, in its Q1 financial results annoucements said that with the latest addition of Pedhoulas Rose, its fleet has increased to 38 dry bulk vessels. In January 2017, the company took delivery of Pedhoulas Rose (Hull No. 1146), a 82,000 dwt, newbuild Kamsarmax class vessel.  Also in January, Safe Bulkers took delivery of Hull No. 1551, a 81,600 dwt, newbuild Kamsarmax class vessel which was subsequently sold to chief executive officer and chairman, Polys Hajioannou.

Gulf Petrochem Sets Up Russian & Baltic Trading Desk

Boris Kuftyrev (Photo: GP)

Gulf Petrochem Group (GP) has further strengthened its European bunkering division by establishing a Russian and Baltic trading desk within the Rotterdam office. Boris Kuftyrev has been appointed to manage this desk overseen by Chris Todd in Europe’s largest bunkering port, Rotterdam. Kuftyrev has in-depth knowledge and experience having previously held the position of head of sales at Gazpromneft Marine Bunker ltd

TOP Ships Buys Stake in M/T Stenaweco Elegance

Ship owner TOP Ships Inc. said it will purchase for $6.5 million an additional 41 percent interest in Eco Seven Inc., a Marshall Islands company that owns M/T Stenaweco Elegance, a 50,188 dwt medium range (MR) product tanker, which is operating under a three year time charter at a rate of $16,500 per day expiring in March 2020.   Since February 2017, TOP Ships has invested $28.2 million in acquisitions, including:

Frontline Alters Course, Drops DHT Pursuit

Photo: DHT Holdings

CEO: Frontline will continue to expand its fleet; won't pursue M&A now, though consolidation may come later.   Oslo-listed oil tanker firm Frontline has abandoned its pursuit of New York-listed rival DHT Holdings and is not working on any alternative acquisitions, Frontline's CEO told Reuters on Monday.   DHT last month rejected a fifth takeover proposal from billionaire shipping tycoon John Fredriksen's Frontline

BW Group Completes VLCC Deliveries to DHT

Photo: BW Group

DHT Holdings, Inc. said it has taken delivery of nine VLCCs acquired from the BW Group Limited, as well as the contracts for two VLCC newbuilds due for delivery in 2018.   "The delivery of the fleet acquired from BW has been conducted in a speedy and efficient manner," DHT senior management said it a press release. The deal was announced in March 2017. With the latest vessel deliveries, DHT now has a fleet of 30 VLCCs

Stena Drilling Extends Inspection Contract with Sparrows

Stena Don (Photo: Stena Group)

Sparrows Group has been awarded a three-and-a-half-year extension to its inspection services contract for Stena Drilling’s global fleet of drilling vessels. The contract scope includes carrying out LOLER lifting gear surveys, potential dropped objects surveys, cargo carrying unit (CCU) and non-destructive testing (NDT) inspections as well as rig specific maintenance.   As well as an extension to the contract

Inmarsat Provides Pacific Northwest, Bering Sea Coverage for Dunlap

Photo: Dunlap Towing

 Mobile satellite communications company Inmarsat said it has partnered with satellite communications provider Network Innovations and maritime transportation provider Dunlap Towing to install Fleet One across its fleet of 12 vessels.    For Dunlap, the Dutch Harbor and Pacific Coast routes in Alaskan waters have traditionally been challenging and its existing service did not offer the reliability required to transmit important operating and safety reports

Dry Bulk Shipping Demand to Continue: Drewry

Graph: Drewry Shipping Consultants

 Drewry expects that dry bulk shipping charter rates will continue to recover with firm demand and controlled fleet growth, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry. Drewry has revised its charter rates forecast in the short term as the date to implement ballast water management systems (BWMS) has been postponed by two years, bringing down the forecast for demolitions that will eventually support fleet growth

Paris Kassidokosta-Latsis Rolls Out Ivy Shipping

Image: File Photo Marine Link

 Greek shipping heir Paris Kassidokostas-Latsis along with with two leading global investors formed a joint venture vehicle, Ivy Shipping LLC, with the primary purpose to invest in Supramax and Panamax dry bulk carriers.   As a first investment move, Ivy Shipping proceeded to purchase four Supramax built in Japan. According to Deal News, the vessels expected to be delivered by the end of summer and managed by Marla Shipmanagement Ltd, the interests of Paris Kassidokostas-Latsis.

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

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