Seaspan Signs Contracts for 2 Vessels
Hong Kong-based container ship company Seaspan Corp. has signed contracts for two 2500 TEU vessels from Jiangsu Yangzijiang Shipbuilding Co. at an expected delivered cost of $46.4 million per vessel. Seaspan said the two new orders, scheduled for delivery in March and June, are on top of the eight 2500 TEU vessels it ordered last year from Jiangsu. The company said it has arranged simultaneous 10-year charter agreements for the two vessels with Japan's Kawasaki Kisen Kaisha Ltd. at a daily rate of $17,880. Seaspan said it expects each new vessel to contribute between $4.5 million and $4.9 million in annual earnings before interest, taxes and other payments. Source: AP
Havila and Subsea Sign Contract
Havila Shipping ASA and Phoenix International, Inc. signed a 10-year contract, with additional option years, for the newly built SubSea Construction Vessel, Havyard 858. The vessel is scheduled for delivery from Havyard Leirvik during the summer of 2008, and will support oil and gas industry initiatives in the U.S. Gulf of Mexico. The contract has been entered into on market terms.
Wärtsilä Wins Bulk Orders for 72 FPPs
The propeller manufacturer and joint-venture company Wärtsilä CME Zhenjiang Propeller Co Ltd signed contracts in November to deliver a total of 72 fixed pitch propellers (FPP) at a value of approximately EUR 30 million. The company will deliver the propellers to six of China's leading shipbuilders for vessels due to be delivered between 2009 and 2011. The nickel-aluminium bronze propellers, totalling over 2700 tonnes with diameters ranging from 6.1 - 8
OSI to Upgrade Canadian Navy Software
OSI Maritime Systems Signs Contract with the Royal Canadian Navy to Provide In-Service-Support and an Upgrade to the Most Advanced ECPINS-W Sub 6.0 OSI Maritime Systems announced that it has signed a contract to provide in-service-support for its ECPINS-W Sub software - ECPINS is the only ECDIS independently certified against NATO WECDIS STANAG 4564. The software is in service across the Royal Canadian Navy surface and subsurface fleet
EMGS Posts 4Q 2014 Results
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 52.5 million in the fourth quarter 2014, up from USD 41.7 million in the third quarter and from USD 44.9 million in the corresponding quarter in 2013. Contract sales totaled USD 25.5 million, while multi-client sales were at USD 27.0 million this quarter. The Company had an EBITDA of USD 18.6 million and a net income of USD 15.1 million. Record-high, multi-client sales
UAE's National Drilling Co. Inks Deal for 14 Rigs
The UAE's National Drilling Company has signed contracts worth $543 million to acquire 14 new rigs, state news agency WAM said on Sunday. One offshore and one onshore rig will be manufactured in the United Arab Emirates (UAE) as part of the deals, WAM said. The new contracts are a reflection of the firm's plans for growth and a result of growing demand from its customers, it said. (Reporting by Maha El Dahan; editing by Jason
Aker Yards and Color Line Signs Contract for Superspeed Ferries
The Letter of Intent for two Fast Passenger Day Ferries signed on 2 November by Aker Yards and Color Line will today be confirmed as a firm contract worth approx. EUR 250 million. The contract will be signed at a ceremony onboard M/S Color Fantasy in Oslo today, 11 am. The vessels to be delivered during 2007-2008 are intended for the Denmark-Norway services. The working title "Color Superspeed" indicates that the ferry is designed for a high service speed of 27 knots.
NOL Group Signs Contracts for Containerships
NOL Group confirmed it has signed contracts with Korea's Daewoo Shipbuilding & Marine Engineering Co. and Hyundai Samho Heavy Industries Co., Ltd to build 12 new container vessels, including ten of its largest vessels. The confirmation follows the Group’s announcement on June 15 that it had signed letters of intent with both shipyards for its $1.54 billion newbuild program. The signed contracts are for:
China's CNOOC Place Large Scana OSV Propulsion Systems Order
Scana Industrier has through its Norway-based subsidiary Scana Propulsion signed contracts with a value around 50 million NOK in second half 2013. The orders are related to delivery of propulsion systems for offshore vessels within China. The contracts are signed with companies within the CNOOC group and includes delivery of gear, propellers, remote controlling and tunnel thrusters for Anchor Handling Supply Vessels and Oil Recovery Vessels. Delivery will be during second quarter 2014.
Fishing Trawler Launched in Nauta Shipyard
On June 2 Nauta Shiprepair Yard launched a newly built partly outfitted fishing trawler Rockall. It was third launching ceremony in Nauta Shipyard this year. Rockall is also the 10th unit which was built by Nauta for Karstensens Skibsvaerft AS. Rockall (B-436) is 69.9 m long and 14.2 m wide. Depth of the unit is 7.5 m. Astrid Fiskeri AS from Denmark will be the final owner of the ship. In terms of technical parameters, the vessel is similar to the Grateful
Cooper Group Selects ABS for Sub M Services
ABS said it has been awarded a Third Party Organization (TPO) contract by the Cooper Group of Companies to support compliance with U.S. Coast Guard (USCG) Subchapter M requirements. “ABS anticipated the needs that would surface when the Subchapter M regulations were published and allocated resources to develop a range of solutions,” said ABS Americas Division President, Jamie Smith. “Today, we offer comprehensive services customized to individual fleet needs
Deltamarin Wins Contract for Viking Line Newbuild
Deltamarin Ltd said it has signed contracts with Chinese shipbuilder Xiamen Shipbuilding Industry Co., Ltd (XSI) for engineering and construction support services for the Viking Line Liquefied natural gas (LNG) fuelled ro-pax vessel newbuilding. The contracts cover basic and detail design as well as comprehensive project management support and supervision services to the shipyard during vessel construction. The new ro-pax vessel for Viking Line will have a passenger capacity of 2
Deltamarin Joins Design Team of Finnish Navy Project
Deltamarin Joins Design Team of Finnish Navy Project Deltamarin Ltd said it has signed contracts with shipbuilder Rauma Marine Constructions (RMC) for the basic design of deck outfitting and machinery for the vessels to be built in the Finnish Navy’s Squadron 2020 project. The Squadron 2020 project will replace seven vessels, which have already been (e.g. the minelayer Pohjanmaa) or are scheduled to be decommissioned
Bahri to Build 4 Bulk Carriers for USD 120mln at Hyundai Heavy
The National Shipping Company of Saudi Arabia (Bahri) announces that its subsidiary Bahri Dry Bulk Company (owned 60% by Bahri) (BDB) has signed contracts with Hyundai Heavy Industries (HHI) to build 4 bulk carriers. These carriers will be delivered during the first half of 2020. The financial impact of these contracts will appear after the delivery of the vessels. These vessels are designed to the latest international technical specifications and are fitted
VEKA Orders Steering Systems for 15 Newbuilds
Last week contracts were signed at the VEKA head office in Werkendam by Stefhan van den Hil from VEKA Group bv (right) and Leo van Zon, Van der Velden Marine Systems B.V. (left). VEKA Group awarded Van der Velden Marine Systems 15 contracts to deliver complete steering gear and rudder technology solutions for inland tankers VEKA Group has signed contracts with Van der Velden Marine Systems for 15 complete maneuvering systems consisting of an integrated alarm and control
Nauta Yard Cuts First Steel for Trawler Newbuild
Newbuilding Department of Nauta Shipyard has begun construction of fully equipped fishing vessel - Ocean Star with a steel cutting ceremony held on April 26. The ceremony was attended by representatives of shipowner, DnV and Warthill Design . Nauta has signed contract with a Scottish shipowner in December 2015. This is particularly important order,as it concerns building of a turn-key vessel and all construction process – from the beginning to the end – will be carried out at
Australia Orders Replacement Replenishment Ships
The Government has signed contracts with Navantia S.A. to build Australia’s two replacement replenishment ships, avoiding a critical capability gap. Australia’s current supply ship HMAS Success will reach its end of life in 2021 and needs to be replaced as a matter of priority. As part of the $640 million contract with Navantia more than $130 million will go to Australian industry.
Vane Bros. Orders Tugs from Chesapeake Shipbuilding
Chesapeake Shipbuilding Corp. announced it has signed contracts with Vane Brothers to build three more ocean going tugs, marking the 18th, 19th and 20th tugboats built by Chesapeake Shipbuilding for Vane Brothers since 2008. The new contract will continue Chesapeake’s steady output of Vane tugs as the shipyard currently has three tugboats under construction for Vane Brothers. The design of the three new tugboats will be nearly identical to previous tugboats built for
IRISL, Hyundai Ink Shipbuilding Contract
Hyundai Heavy Industries (HHI) Group, the world’s largest shipbuilding group, announced on that it signed contracts, financed by Korean financiers to build 14,500 TEU class containerships and 49,000 DWT product/chemical carriers with Islamic Republic of Iran Shipping Lines (IRISL), one of the biggest shipping companies in the middle east. The negotiations for these contracts commenced in December 2015 with mutual good will and a series of constructive meetings
GE Shipping Contracts to Buy 2 Suezmax Crude Carriers
The Great Eastern Shipping Company Limited (GE Shipping) has signed contracts to buy 2 Suezmax crude Carriers of about 157,000dwt each. The 2010 and 2011 built vessels are expected to join the company's fleet in Q4 FY17. Last week, the company had inked a pact to buy another Suezmax Crude Carrier of about 1,50,000 dwt. The Company’s current fleet stands at 38 vessels, comprising 24 tankers (7 crude carriers, 15 product tankers
Leco’s New Aquaculture Vessel Launched
Southampton Marine Services said it has launched its latest vessel, a new aquaculture service vessel for Leco Marine, at its Ocean Quay shipyard in Southampton. Designed by Argyll Maritime Design Services, the 23-meter vessel, Alyssa, is an aquaculture service vessel built for Scottish commercial diving and marine services company Leco Marine to perform general fish farm work. It is equipped with a net-cleaning and inspection system for the maintenance of fish-farm nets.
ABS Delivers Subchapter M Support to Blessey Marine
ABS said it has been awarded a Third Party Organization contract by Blessey Marine Services, Inc., owner and operator of a fleet of inland towing vessels and tank barges, to support compliance with U.S. Coast Guard (USCG) Subchapter M requirements. “Owners and operators are evaluating multiple options for Subchapter M compliance, and they are looking for guidance in understanding the requirements in relation to the unique needs of their vessels
ABS Wins Great Lakes Towing SubM Contract
ABS said it has been awarded a Third Party Organization (TPO) contract by The Great Lakes Towing Company (GLT) to support compliance with the United States Coast Guard (USCG) Subchapter M regulations. “Every organization operating towing vessels in U.S. inland waterways will have to comply with Subchapter M,” said ABS Americas Division President Jamie Smith. “As an industry leader in towing vessel safety
Optimarin BWT Retrofit Orders Grow
Optimarin has signed contracts with Wisby Tankers and Hoëgh Autoliners to install its market proven Optimarin Ballast System (OBS) on five existing vessels. The agreement, which comes six months after the Norwegian ballast water treatment (BWT) specialist became the first company to win USCG approval, will see Optimarin fitting units on three bitumen tankers for Wisby and two Hoëgh Autoliners RoRo ships.
Flex LNG signs deals to buy six new vessels
Oslo-listed Flex LNG has signed contracts to buy six new liquefied natural gas (LNG) vessels for its fleet by 2019, as it bets on increasing fuel demand from Britain and other countries, its chief executive told Reuters. The gas shipping company said earlier this year it was considering buying the six vessels, each with around 170,000 cubic metres of capacity, subject to securing funding for the $1.2 billion transaction.