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Newbuild Contract

Dry Bulk, Tanker Newbuilds on the Rise -BIMCO

© Nightman1965 / Adobe Stock

Tanker and dry bulk vessel newbuild contracts have been signed at an increasing pace so far in 2017, with newbuild activity for the first half of 2017 surpassing the same period last year by 20 percent. According to BIMCO, 5.9 million DWT was contracted in May 2017 and 3.1 million DWT so far in June 2017, which brings the total amount of newbuild orders up to 19.6 million DWT for 2017.   So far for June 2017, 22 tankers have been contracted amounting to a total of 2.6 million DWT. For the crude oil tanker segment, this has been entirely for suezmax ships with 1.9 million DWT ordered. The product tanker fleet has seen 0.7 million DWT ordered and 0.5 million DWT dry bulk ships contracted.   “BIMCO expected newbuild activity to pick up, so the recent development is not surprising,” said BIMCO’s chief shipping analyst, Peter Sand. “It is however not what the industries needs given the present challenges in the market, as the earnings in all three segments gives little incentive for adding more capacity to the industry.   “The low level of contracting as seen in 2016 – disregarding the 30 valemax ships ordered in March and April – is necessary in order to restore the fundamental balance between supply and demand in the shipping industry.  


Bollinger Wins Major Newbuild Contract

Bollinger Gretna, L.L.C., Harvey, La., and K-Sea Transportation Corp. of New York have signed a contract for the construction of four double hull, ocean service, OPA '90 oil barges. The barges will have capacities of 80,000 to 100,000 barrels - terms were not disclosed. The barges will be built primarily for oil service on the Northeast U. S. coast. They will be coupled with existing K-Sea tugs using a connection system designed and delivered by Acomarin Engineering


Feature: Innovative Coastal Trader

By David Tinsley, technical editor An advance in hydrodynamic design has been endorsed by Norwegian energy group Statoil, as the prospective charterer of an innovative newbuild intended for coastwise distribution of oil products. The 4,200-dwt vessel contracted by Bergen Tankers will employ a diesel mechanical propulsion layout based on twin azimuth thrusters incorporating 'pulling' propellers. The project represents the first application of the Norwegian-developed Azipull system in the


ABS Nautical Signs 30 New Contracts, Doubles Staff

ABS Nautical Systems, provider of integrated fleet management software for the maritime industry, announced it has experienced record growth in the second half of 2009. During that period, which began with the launch of the Newbuild Program, ABS Nautical Systems has expanded their business by signing 30 new contracts in just 26 weeks. ABS Nautical Systems expects to continue its momentum and forecasts even stronger growth in 2010.


Keppel to Build New Generation Accommodation Semi

Keppel FELS Limited (Keppel FELS) has been awarded a contract worth about US$260 million by returning customer, Floatel International Ltd (Floatel), to build a new generation accommodation semisubmersible (semi) for delivery in 1Q 2014.   This new rig developed by Keppel O&M's Deepwater Technology Group, will be built to the SSAU4000NG design with Dynamic Positioning (DP) 3 capability. It marks Keppel FELS' third accommodation semi project with Floatel


Offshore Brazil PLSV's: Huge Petrobas Contract for SNM

An IHC PLSV: Image courtesy of IHC Caland

Seadrill & SapuraKencana Petroleum Berhad joint entity Sapura Navegação Marítima S.A., Brazil (SNM) awarded US$2.7-billion Petrobas contract to charter & operated 3 newbuild Pipe Laying Support Vessels (PLSV's). The contract is for a period of eight years with an extension option for an additional eight years and is expected to commence by the second quarter of 2016.  Total revenue potential for the contract is expected to be US$2.7 billion.


Ready to Burn: Fast Ferry Market Looks Good

Predicting business trends in the notoriously fickle marine business is difficult if not impossible. Yet when developments transpire as they have in the fast craft niche of the ferry business, it is difficult to not read the writing on the wall. The business of designing, building, outfitting and operating fast ferries in the United States is set to take off, as increasing pressures from traffic and environmental concerns force more people to the waterways.


Fincantieri Awarded Cruise Ship Order

Silversea Cruises has signed a Memorandum of Understanding for one 36,000-GRT, 540-guest, ultra-luxury vessel from Italian shipbuilder Fincantieri with delivery scheduled for the fourth quarter of 2009. The line has also signed an option for a sister ship with Fincantieri, Shipping Times has reported The agreement with Fincantieri is conditional to final contract and financing. However, an irrevocable banking commitment, fully underwritten


The Containership Market: Full Steam Ahead?

By David Tinsley, Technical Editor Liner shipping is traditionally a cyclical business, subject to dramatic peaks and troughs and sudden changes in fortune in individual trade lanes. Today's ebullience among all sectors of container shipping, including its various intermediaries, compares starkly with the situation in the latter part of 2001, when the market had hit a low point and the prophets of doom were out in force


Dhirubhai Deepwater KG1 5-Year Contract

Transocean Ltd. (NYSE:RIG) announced that the ultra-deepwater drillship Dhirubhai Deepwater KG1 has commenced operations in India under a five-year drilling contract with Reliance Industries Limited. The company currently expects that Reliance will sublet the rig for the first four years of the contract to Oil and Natural Gas Corporation Limited, and that Reliance will operate the rig for the fifth year of the contract.


Fincantieri Building Third Vista Class Ship for Carnival

(Photo: Fincantieri)

The steel cutting ceremony of the third Vista class cruise ship, which Fincantieri is building for Carnival Cruise Line, a brand under Carnival Corporation & plc, took place at Fincantieri’s shipyard in Marghera.    The newbuild, scheduled to be delivered in autumn 2019


Golar LNG Cuts Dubai FSRU Charter

Image: Golar LNG Limited

 Golar LNG Partners has agreed with the charterer of the Golar Freeze FSRU, Dubai Supply Authority (DUSUP) certain amendments to the existing time charter that was due to end in May 2020.   DUSUP have two FSRU's on contract and do not currently have full time use for Golar Freeze and


IT Package Ordered for Australian Arctic Research Ship

Artist impression Antarctic Supply Research Vessel (ASRV) for the Australian Antarctic Division.  (Photo: Radio Holland)

Damen Schelde Naval Shipbuilding (DSNS, Vlissingen) has awarded Radio Holland a contract to supply the IT systems on board the state-of-the-art Antarctic Supply Research Vessel (ASRV) newbuild for the Australian Antarctic Division.   The 160m ASRV is a survey vessel which combines


Newbuild Orders Drop during H1 2017

© Nightman1965 / Adobe Stock photo

Newbuild orders for tankers and bulkers have increased during the first half of 2017, though overall the number of orders placed in all vessel segments has more than halved when compared to the same period in 2015, according to VesselsValue.  


Germany Chooses Kongsberg Research Ship Concept

Atair II (Photo: Kongsberg Maritime)

A double digit multi-million Euro contract was signed by Kongsberg Maritime and Fassmer Werft on April 4th, 2017, following the German Federal Maritime and Hydrographic Agency’s (BSH) approval of Kongsberg to deliver a unique technical solution based on its ground-breaking Integrated Vessel


Fast Ferry Contract for Incat

Photo courtesy of Incat

Australian shipbuilder Incat has been awarded a contract for the design and construction of a large new vehicle-passenger ferry for a major European operator.   The new vessel for Naviera Armas is the second vessel in Incat’s new generation 109 meter high speed wave piercing catamaran


TMC Tallies another Höegh FSRU Deal

Vessel under construction at Samsung Heavy Industries to be delivered Q2 2019. (Photo: Höegh LNG)

TMC Compressors said it has secured a contract from Samsung Heavy Industries to deliver a marine compressed air system to a floating storage and regasification unit (FSRU) the South Korean shipyard is building for Höegh LNG.   


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. 


Selektope Coatings for Stena RoPax Newbuilds

(Image: Stena Line)

Stena RoRo, who has four newbuild RoPax ferries on order at the AVIC yard in Weihai, China, has signed a contract to coat the hulls with paint that incorporates the bio-repellent antifouling ingredient Selektope. According to Selektope’s developer


Kongsberg Integrated Vessel Concept for Trawler Newbuild

Fishmaster (Photo: Kongsberg Maritime)

Kongsberg has signed a contract with maritime technology company Havyard Ship Technology for the delivery of a complete Fishmaster Integrated Vessel Concept for a newbuild pelagic trawler. The vessel is a collaborative effort between Havyard Ship Technology and the Paris based fishing company


The Right Boat, Right Away

(Photo: Metal Shark)

Metal Shark’s stock boats program shakes up the patrol boat game; here and across the big pond.   If the news that Louisiana-based boatbuilder Metal Shark is ramping up production to build an inventory of stock vessels, with the goal of reducing lead times and enhancing service sounds


DFDS Orders Two Large RoRos from China

Image: Knud E. Hansen

Northern European shipping and logistics company DFDS said it has ordered another pair of large ro-ro ships from the Jinling Shipyard, doubling its order placed last year at the Chinese yard.   DFDS signed a contract with Jinling in 2016 for the construction of two ro-ro vessels, each with 6


Keel Laid for Hapag-Lloyd Cruise Ship

(Photo: Hapag-Lloyd Cruises)

 June 20, 2017 began the next construction stage for Hapag-Lloyd Cruises’ first newbuild expedition cruise vessel, HANSEATIC nature. During a keel laying ceremony at the VARD shipyard in Tulcea, Romania, Hapag-Lloyd Cruises CEO, Karl J


Ferus Smit Launches Arklow Cliff

 Dutch shipbuilder Ferus Smit said it has launched M.V. Arklow Cliff, the fifth vessel in a series of 10 to be delivered to Irish ship owner Arklow Shipping.   The vessel, Ferus Smit newbuild #428, was launched June 30 at the builder’s Westerbroek yard.  


Fugro Continues IMR Work for Petrobras

Fugro Aquarius (Photo: Fugro)

Fugro said it has been awarded a further two-year contract by Petrobras to provide inspection, repair and maintenance (IRM) and pipeline inspection services in Brazil. Operations commenced in May 2017. The new award follows Fugro’s completion of an initial 12-month contract for the oil






 
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