Diana Shipping Acquires Capesize Bulker
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from an unaffiliated third party the m/v Churchill Bulker, a 2011 built Capesize dry bulk vessel of 179,362 dwt, for a purchase price of $28.5 million. The vessel, to be renamed Seattle, is expected to be delivered to the buyer by mid-November 2015. Excluding the newly acquired vessel, as well as one new-building Capesize dry bulk vessel expected to be delivered to the Company by mid-November 2015, one new-building Newcastlemax dry bulk vessel expected to be delivered to the Company during the second quarter of 2016, and one new-building Kamsarmax dry bulk vessel and one new-building Newcastlemax dry bulk vessel expected to be delivered to the company during the third quarter of 2016, Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (two Newcastlemax, 12 Capesize, three Post-Panamax, four Kamsarmax and 20 Panamax). As of today, the combined carrying capacity of the company’s fleet, excluding the five vessels not yet delivered, is approximately 4.7 million dwt with a weighted average age of 7.57 years.
New Bulker, Drawdown Loans Actioned by Diana Shipping
Diana Shipping Inc. signs MOU to buy a new-building bulk ship from a third party; subsidiaries negotiate term loan facilities. The new-building Kamsarmax dry bulk carrier, to be named Myrto of 82,131 dwt, was built by Tsuneishi Shipbuilding Co., Ltd., Japan, and the purchase price is US$26.5-million. The vessel is expected to be delivered to Diana Shipping at the end of January 2013. Separately, the Company also announced that it signed, through two separate wholly owned subsidiaries
Navios Maritime Acquires Newbuilds
Navios Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, announced the delivery of a new build Capesize vessel and the agreement to acquire another new build Capesize vessel. The Navios Antares, a 169,059 dwt Capesize vessel, was delivered to Navios Holdings' owned fleet on January 20, 2010 from a South Korean Shipyard. Navios Holdings agreed to acquire a new build Capesize vessel of 180,000 dwt
Diana Shipping Signs Loan Facility with Danish Ship Finance
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has completed a drawdown of US$30 million, through a separate wholly-owned subsidiary, under a term loan facility it signed with Danish Ship Finance A/S. The proceeds will be used to partially finance the acquisition cost of a Capesize dry bulk vessel, the m/v Santa Barbara, which was delivered to the Company on January 12, 2015.
Diana Shipping Signs US$75.7 mln Term Loan Facility
Diana Shipping Inc. announced that yesterday it signed, through three separate wholly-owned subsidiaries, a term loan facility for up to US$75,734,900 with The Export-Import Bank of China. The purpose of this facility is to partially finance, after delivery, the acquisition cost of two new-building Newcastlemax dry bulk vessels of approximately 208,500 dwt each and one new-building Kamsarmax dry bulk vessel of approximately 82,000 dwt.
Ferries Eligible for Millions in Canadian Funding
Ferry operators now eligible for New Building Canada funding Ferry operators across Canada applaud new changes made by the federal government that will allow infrastructure projects related to ferries to be eligible for funding under the New Building Canada Fund, according to the Canadian Ferry Operators Association (CFOA). The original eligibility criteria for the fund, established in 2014, excluded most projects related to ferries
Wilhelmsen Wins Contract from Meyer Werft
Wilhelmsen Marine Engineering won an order from Meyer Werft in Germany to finalize the cruise ship AIDAblu and two new cruise vessels, NB689 (unnamed) and NB690 (unnamed) being built for the German cruise operator, AIDA Cruises. Under the terms of the deal, Wilhelmsen Marine Engineering's subsidiary, Wilhelmsen Callenberg Fläkt will deliver heating, ventilation and air conditioning (HVAC) systems and related engineering services. The order has an estimated value of EURO 10.4 million.
Golar LNG Secures Charters for Carrier Duo
Golar LNG announced today that it has been awarded 2 time charters by Nigeria LNG Ltd ("NLNG") to employ the recently delivered Golar Frost and Golar Crystal. Employment of both vessels under these contracts will commence in January 2015 and will continue for a duration of approximately 12 months for each vessel. NLNG has elected to retire earlier than planned 3 of its smaller and less efficient LNG Carriers and to replace these with Golar's more modern and technically
Diana Shipping Extends Charter for Crystalia With Glencore
Diana Shipping Inc., has, through a separate wholly-owned subsidiary, agreed to extend the present time charter contract with Glencore Grain B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the MV Crystalia. The charter has been extended for a period of minimum ten months to maximum thirteen months at a rate 43% lower than the original fixture. The Crystalia (77,525 dwt, built 2014) was fixed at a gross rate of $9,000 daily, minus 5% commission
G E Adds a Kamsarmax Dry Bulk Carrier Jag Ajay
The Great Eastern Shipping Company took delivery of a new building Kamsarmax dry bulk carrier Jag Ajay. Great Eastern Shipping Company Ltd has informed the Bombay Stock Exchange regarding a Press Release dated June 30, 2016 titled: G E Shipping takes delivery of a new building Kamsarmax Dry Bulk Carrier "Jag Ajay". The vessel was ordered by GE Shipping in December 2013 and has been built at Jiangsu New Yangzi Shipbuilding Co. Ltd., P.R. China.
GTT to Design LNG Tanks for FSRU Newbuild
GTT said it has received an order from the South Korean Shipyard Hyundai Heavy Industries concerning a new Floating Storage and Regasification Unit (FSRU) which has been contracted by Triumph Offshore, a subsidiary of the Indian ship-owner Swan Energy. GTT will design the LNG integrated tanks which represent a total capacity of 180,000 m3. These tanks will be equipped with the membrane containment system Mark III, a sea-proven technology developed by GTT
Damen Hires Trevisan as Sales Director, Cruise Newbuilds
Damen Shipyards Group has appointed Andrea Trevisan as its new Sales Director Cruise New Building, as the company plans to further expand its standing in the flourishung expedition and small size cruise vessels market. Trevisan will oversee Damen’s global commercial and marketing activities with regard to new build cruise vessels. “I will be a sort of Damen brand ‘ambassador’ for the cruise industry
Mackay Communication, Inmarsat Partner
Mackay Communications Inc., a worldwide marine electronics and airtime service provider, has announced it has signed a partner agreement with Inmarsat (LSE: ISAT.L) to distribute its award-winning Fleet Xpress service to the global maritime market including deep sea vessels, commercial fishing, oil and gas, defense, and cruise-passenger lines. Mackay will offer a complete end-to-end Fleet Xpress package including the full range of Fleet Xpress airtime service options and choice of approved
ERMA FIRST BWTS Receives USCG Type Approval
Ballast water treatment system (BWTS) manufacturer ERMA FIRST said it has received a U.S. Coast Guard (USCG) Type Approval certificate for its full flow electrolysis ERMA FIRST BWTS FIT on October 18, 2017 “After a long and continuous period of working on the USCG program, we are thrilled to we have managed to fit for purpose. This time our ‘purpose’ was the compliance with the USCG rules. In our core business model
d'Amico Tankers Updates Ship Sales and Purchases
In January 2017, d’Amico Tankers sold MT High Endurance and MT High Endeavour, two 46,992 dwt medium-range product tanker vessels, built in 2004 by STX, South Korea, to Sea World Tankers a client of Sea World Management SAM, for a consideration of US$ 13.5 million each. At the same time, d’Amico Tankers will maintain the commercial employment of the Vessels having also concluded with the Buyer a 4 years’ time-charter agreement at an attractive rate
Stena Line, Caterpillar Marine Begin Digital Partnership
Ferry operator Stena Line and Caterpillar Marine, together with Pon Power, have entered into a digital partnership where the Cat Asset Intelligence solution will provide vessel monitoring of multiple Stena new builds with planned delivery during 2019 and 2020. The vessels will be optimized for efficiency and flexibility and will be built by AVIC Shipyard in China. Unlike technologies that only monitor individual equipment performance
Sentinel Marine Secures Two New Contracts
Sentinel Marine said it has secured two new contracts bringing the Aberdeen-headquartered firm’s contract wins to a total of £26.4 million ($34.4 million) since January this year. The latest contract wins will provide continued employment for 72 seafarers in the North Sea. Sentinel Marine’s contract with Statoil UK Limited will see the provision of an emergency response and rescue vessel (ERRV) Portland Sentinel in the energy producer’s Mariner field from the
V.Group Acquires Graig Ship Management
Marine and offshore vessel management and support services provider V.Group said it has acquired Graig Ship Management Ltd, part of Graig Shipping PLC, which has developed a reputation for new build supervision and ship management of dry bulk vessels. This reputation, which has its roots as part of Graig Shipping PLC’s 100 year history and is supported by a global maritime workforce, has grown steadily over the past 25 years.
Tarbit Shipping, Martech Systems Pact to Implement SERTICA
Swedish tanker company Tarbit Shipping has signed a deal with Martech Systems to manage data structuring and implementation of the SERTICA software package from Logimatic on two ships under construction at a shipyard in Turkey. Earlier this year, Logimatic secured Martech Systems as an implementation partner for SERTICA. Martech Systems offers services such as data structuring, data implementation, data collecting and data entry, and crew training for SERTICA
Thun Tankers Orders another Newbuild
Thun Tankers said it has declared an option for a fifth tanker to be added to the previously contracted four 17,500 dwt IMO II product/chemical tankers on order at Avic Dingheng Shipbuilding Ltd in China. The sister ships are due for delivery between April 2019 and January 2020 and will be commercially managed by Furetank, responsible for the intermediate segment within the Gothia Tanker Alliance. In addition to the five contracted intermediate vessels
Danish Shipping's New Guide to BWM
Danish Shipping launches a new guide regarding the implementation of the Ballast Water Management Convention, which will enter into force on 8 September 2017. In a few days, the Ballast Water Management Convention will enter into force. In future all new built ships must be equipped with a ballast water treatment system. For existing ships, systems must be installed as from 8 September 2019 to 8 September 2024.
Bibby WaveMaster 1 Named in Rotterdam
The naming ceremony of the Bibby WaveMaster 1 took place on September 6, at the cruise terminal in the Port of Rotterdam in front of more than 125 guests from the U.K.-based Bibby Group, Damen and a range of industry partners. More than 10 members of the Bibby family attended while the Damen family was represented by Chief Commercial Officer Arnout Damen. The naming, by Lady Sponsor Jacky Blaikie, is the culmination of a program that began nearly four years ago to develop a vessel that
Silversea Cruises Orders Newbuild from Fincantieri
Silversea Cruises has place an order worth about €310 million (US$371.4 million) with Fincantieri for the construction of a new ultra-luxury cruise ship. The new vessel, tentatively named Silver Moon, will be a sister ship of Silver Muse, delivered in April at Fincantieri’s shipyard in Sestri Ponente, Genoa. At 40,700 gross tons and with a capacity to accommodate 596 passengers on board, the ship will maintain the small-ship intimacy and spacious all-suite accommodations.
Sentinel Marine’s New Rescue Vessel Christened
Sentinel Marine’s latest new-build emergency response and rescue vessel (ERRV) has been deployed to service in the North Sea after being christened at Aberdeen Harbor. The new vessel, Mariner Sentinel, is operating on behalf of Statoil at its Mariner field to the east of Shetland – the sixth of nine vessels to join the firm’s fleet since 2015. Statoil’s Aberdeen-based offshore logistics and services supervisor, Line Kaldestad
New CEO at the Helm of Crystal Cruises
Genting Hong Kong appointed travel industry veteran Tom Wolber as President and CEO of Crystal Cruises, effective September 15. Wolber brings to the role over three decades of experience in general management, operations, newbuild construction and business development. He joins Crystal most recently from the Walt Disney Company where he served in various executive roles for 28 years, 10 of which were with Disney Cruise Line where he served as Senior Vice President of Operations