Marine link
 

Second Hand Vessels

India Eases Norms For Ship Imports

India has eased norms for the import of ships, the government announced last week. Import of ships by open general license (OGL) under a bareboat charter-cum-demise method, which is similar to hire-purchase, will not need a technical clearance by the government, but will need an evaluation of the import price, officials said. "The price reasonableness (evaluation) and interest margin on rental payments will be verified by ICICI," a government spokesperson said, referring to bareboat charters. ICICI is one of India's leading finance firms. "However, the price reasonableness will be required only if the value of the imported vessel on CIF (cost, insurance and freight) basis is more than 10 million rupees," he added. New vessels imported under open general license will no longer need technical clearance and price evaluation, but the vessel at the time of registration will be surveyed by principal officer, Mercantile Maritime Department, and deficiency in the vessel, if any, will have to be removed before registration. Import of second-hand vessels with a CIF value of less than $230,000, will also not need technical clearances and price evaluation. The spokesperson said second-hand vessels that do not have a minimum "economic life" of five years will not be allowed to be imported under the guidelines.


Moody's Downgrades MC Shipping

Moody's Investors Service downgraded the senior unsecured rating for bonds issued by MC Shipping Inc to Caa3 from B3. The downgrade reflects the company's deteriorating unencumbered asset base, high leverage, tight liquidity position, weaker operating performance and continuing difficult market situation. Moody's lowered the senior implied rating for the group to Caa2 from B2 and the issuer rating to Ca from Caa1.


Costamere Report Favorable Financial Results

Costamare Inc report unaudited financial results for the third quarter and nine months ended September 30, 2012. 
 Greek-based Costamere is a leading owner and provider of containerships for charter. The Company has a fleet of 57 containerships, with a total capacity of approximately 329,000 TEU, including 10 newbuild containerships on order. Financial highlights:     •    Voyage revenues of $94.9 million and $291


Knightsbridge Reports 2013 Results

Highlights:   Knightsbridge reports net income of $3.0 million and earnings per share of $0.10 for the fourth quarter of 2013. Excluding the results from discontinued operations, the company reports net income of $3.5 million and earnings per share of $0.123 for the fourth quarter. Knightsbridge reports EBITDA from continuing operations of $7.0 million and EBITDA from continuing operations per share of $0.24 for the fourth quarter of 2013.


Nauta Bags Two Fishing Vessel Orders

Image: Nauta

Nauta Shiprepair Yard in Poland has signed two contracts in recent days for building partially outfitted fishing trawlers for its Danish client Karstensens Skibsvaerft AS.   Within the first order Nauta will produce a partly outfitted vessel with length 69.9 meters and beam 14.2 meters. The B – 436 unit will be ready to hand over in March m2017. This vessel will be similar to the other seiners – Kvannoy and Beinur – which Nauta has built for Karstensens Skibsvaerft AS


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.    Two 81,129 DWT Kamsarmax drybulk carriers are also built in 2014.  The purchase of these two second-hand Kamsarmaxes was previously announced and the company has now physically inspected and


Saigon Shipmarin to Build First Vessels for Export

The Saigon Shipbuilding and Maritime Industry Company (Saigon Shipmarin) signed a contract with Japan's Kanematsu Corp. to build two 6,500-tonne cargo vessels. These are the first cargo vessels that Saigon Shipmarin, a member of the Viet Nam Shipbuilding Industry Corporation (Vinashin), has built for export. The first vessel is expected to be handed over in March 2007 and the second, in July. The company has invested over VND 300 billion (over US $18 million) to expand its production scale


Nautisk Launches NaviTab

NaviTab

Nautisk unveiled its latest navigational solution: NaviTab from Nautisk, a unique concept that replaces a vessel’s onboard Navigational Publication library. Hundreds of books have been uploaded onto a hi-spec hand-held device, suitable for use both onshore and on the bridge. “Currently, all vessels sailing global routes must carry a full portfolio of navigational publications (NPs) in order to sail compliantly and meet SOLAS Regulation,” said Nautisk CEO Thomas Fjeld


Seaspan Responds to Canada’s NSS Announcement

Brian Carter (Photo: Seaspan)

In response to the Government of Canada’s announcement of a series of enhancements to strengthen the National Shipbuilding Strategy, Seaspan Shipyards’ president Brian Carter issued a statement commending the government’s efforts and reinforcing the shipbuilder’s role in producing ships for the Canadian Coast Guard and Royal Canadian Navy.   “We are pleased to receive the Government of Canada’s support for the National Shipbuilding Strategy


Boskalis Awarded Aberdeen Offshore Wind Farm Contract

Aberdeen Offshore Wind Farm Image Royal Boskalis Westminster

Royal Boskalis Westminster N.V. (Boskalis) has been awarded the Offshore Balance of Plant contract by Vattenfall for the construction of Aberdeen Offshore Wind Farm, also known as the European Offshore Wind Deployment Centre.   Following the announcement on 29 June stating that Boskalis was the preferred contractor, the contract has now been formally awarded. The project will consist of eleven wind turbines with a capacity of 92.4 MW


Royal Caribbean to Install NavBox Across Entire Fleet

Photo: Royal Caribbean Cruise

Royal Caribbean Cruises Ltd (RCC) has signed a deal with NAVTOR to install the NavBox navigation solution across its entire corporate fleet of 49 vessels, in a deal which spans RCC's six different operating companies. E-navigation specialist NAVTOR launched NavBox in 2013


DSME Bags 4 VLCCs Order from Angelicoussis

Photo: Daewoo Shipbuilding & Marine Engineering

 South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) won its second order from Maran Tankers Management (MTM), a subsidiary of  Greek shipping giant Angelicoussis Shipping Group,  to build four very large crude carriers (VLCCs).  


The Strong and Silent Type

Derecktor Shipyard General Manager Micah Tucker and Project Manager Joe Goodspeed shaping the Keel for the first Harbor Harvest Hybrid.

Mapping and shaping the growth of marine hybrid means many things to different stakeholders. The journey leads us all to the same place.   If you follow the advancements in automotive design, the term or tag “hybrid” has come to define the alternative energy movement on our


DNV GL Updates NOx TIER III Compliance Guide

Photo: DNV GL

Classification society DNV GL has developed a new brochure to offer a set of best practices for the design of ships subject to NOx Tier III requirements. It also offers guidance on the considerations that should be taken into account at the newbuilding stage.


Containerships’ LNG Vessel’s Building is in Progress

Containerships’ first LNG fuelled vessel under construction on slipway at the shipyard. Photo: Containerships PLC

 Building of Containerships’ new Liquefied Natural Gas (LNG) vessels is progressing at Wenchong Shipyard, Guangzhou. The construction of three upcoming vessels is in action in the Chinese shipyard.   For the first vessel, two double bottom blocks are already under erection on


Madrid Maersk Call at Antwerp Port Sets New Record

Photo: Port of Antwerp

 The Madrid Maersk, the largest container carrier ever to call at the port of Antwerp, moored in the Deurganck dock on 9 June.    This record-breaking ship with a capacity of 20,568 TEU unloaded 3,000 containers and loaded another 4,000 in the port of Antwerp in just 48 hours


Two New Tugs for Rimorchiatori Riuniti

Damen ASD Tug 2411 Columbia (Photo: Damen)

Italian tug operator Rimorchiatori Riuniti has continued its fleet expansion with the deliveries of two new Damen tugs; an ASD 2913 called Danimarca and an ASD 2411 called Columbia.   The delivery of the Danimarca took place in Genoa on June 14, 2017


Ballast Water Treatment Systems: How to Ensure They Work

How to ensure you have a ballast water treatment system on board that actually works   The second half of 2016 brought shockwaves to some ship owners who were still in a state of denial about the need to install ballast water treatment systems (BWTS) onboard their vessels


Irish Navy Rescues 712 off Libya

An Irish naval ship rescued 712 people including pregnant women and infants off the coast of the Libyan capital of Tripoli as part of an international migrant rescue effort, Ireland's Defence Forces said on Monday.   The LÉ Eithne ship led the rescue of multiple vessels in distress


SCHOTTEL Debuts Underwater Mountable Thruster

(Photo: SCHOTTEL)

SCHOTTEL has expanded its portfolio with the successful tests of the 5.5 MW SRP 800 U rudderpropeller, which can be installed afloat for vessels that cannot be docked easily due to their size or area of operation. Besides application in larger offshore vessels or rigs


Lower Rates for Large Vessels Weighs on Baltic Index

File photo: d’Amico Group

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped for the second straight session on Friday on weak rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Aqualiner Orders Four Damen Waterbus Vessels

The Aqua Diamond in operation on the River Scheldt. (Photo: Damen)

Recently, Aqualiner signed a contract with Damen Shipyards for four Damen Waterbus 2407 vessels. The waterbuses will provide public transport services in the Belgian city of Antwerp, as part of a wider transportation program also including land-based public transport services and road


Yangzijiang Bags Newbuild Orders Worth $133 Mln

Image: Yangzijiang Shipbuilding

 China’s Yangzijiang Shipbuilding has won six shipbuilding contracts worth a total of $133m during the second quarter of this year, Business Times reported.   Three of these orders for 1,800 TEU (twenty-foot equivalent unit) containerships were exercised from options tied to


Wind Farm Vessel Delivered to Mainprize Offshore

MO4 (Photo: Aluminium Marine Consultants)

 Aluminium Marine Consultants informs it has handed over MO4 to Mainprize Offshore this week for work as a wind farm support vessel carrying both cargo, equipment and personnel out of the port of Hooksiel to the German wind farm sector on an eight-year contract with Deutsche Windtechnik on


APM Terminals Wins South America Calls on New Asian Service

Photo: APM Terminals

 Direct services between Asia and the East Coast of South America will begin port calls at APM Terminals Buenos Aires, Argentina, and APM Terminals Itajaí, Brazil.   The joint service deployed by Hapag-Lloyd, NYK, ZIM, Hyundai and Hamburg Sud prefers their vessels call APM






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright