Marine Link
Friday, October 20, 2017

Signs Contracts

Saudi Signs Port & Shipyard Contracts

Saudi Ports sign contracts for upgradilng ports & rents out shipyard The Saudi Ports Authority has signed contracts worth s total $130 million for develpment and maintenance of ports including: King Abdul Aziz Port in Damman, King Fahd Industrial Port in Yanbu for use of Yasref refining company. In addition a 10-year contract was signed with Al=Balagha Trading Group for the rental of King Fahd Shipyard.  

Seaspan Signs Contract for Five Ships

Seaspan Corp has signed contracts for Samsung Heavy Industries Co Ltd to build five new 4,520 TEU container ships. Seaspan has also completed more than $900 million in debt financing with a long-term fixed interest rate of less than 6 percent. The company has signed 12-year time charters for the vessels with Kawasaki Kisen Kaisha Ltd, Japan's third-largest liner operator. The five new vessels are due to be delivered in 2010 and 2011

TransCoastal Signs Contracts Totaling $22M

TransCoastal Marine Services Inc. has signed contracts with a subsidiary of Penn Maritime Inc. for the modification and double-hull conversion of two barges. The work on the two barges will be carried out by TransCoastal's Fabrication and Offshore Group for more than $22 million. The project will begin in July and will extend into the fourth quarter of 2000.

Halifax Shipyard to Build Cruise Ships

The CBC has reported that Halifax Shipyard has signed contracts to build two luxury cruise ships for Pearl Seas Cruises, a Connecticut-based company. The value of the deal, signed Tuesday, was not made public. Pearl Seas president Charles Robertson said the company chose the Irving Shipbuilding Inc. operation because of the workers, facilities and geographic location. The vessels will carry between 165 to 210 passengers. The first one is expected to begin service in July 2008.

Kronodoc, Aker Finnyards Sign Contract

Kronodoc Oy signed a purchase contract with Aker Finnyards Inc., the former Kvaerner Masa-Yards Inc. In addition to the delivery of the Kronodoc product, the contract includes services to implement the Kronodoc product in document management and collaboration functions throughout Aker Finnyards` design processes; to integrate the product to existing yard systems; to migrate data from existing document management systems to Kronodoc; and to train key users and administrators in the use of the

Vacon, Scanfil Agree on China Production

Vacon Plc has signed a memorandum of understanding with Scanfil Plc on production of the Vacon NXL low-power (under 3 kW) frequency converters in Suzhou, China, during the first year-quarter of 2004. The signed contract aims for a long-term cooperation in production and development of Vacon's logistics process. This contract has no impact on employment of Vacon personnel in Finland.

Fincantieri To Build Ferries For Minoan Lines

Fincantieri has signed contracts with Minoan Lines to supply two high-speed ferries for delivery in autumn 2001 and spring 2002. The price for each vessel is about $106 million, Fincantieri said. With a gross tonnage of about 36,000 tons, each ship can carry 2,000 passengers, 110 cars and 120 trailers. These are the third and fourth ships that Minoan Lines will have on order at Fincantieri. The earlier vessels, to be named Knossos Palace and Festos Palace, will be delivered in 2000 and 2001

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

Rolls-Royce Wins Deck Safety Orders

 Rolls-Royce has signed contracts with a value of about $99m covering delivery of safer deck operations equipment for four anchor handling vessels; two of the contracts are with Karmsund for Ezra in , and two with Aker Yards for K-Line in . 

Keppel Ends Year with More Contracts

According to a report from Sea Trade Asia, Keppel Offshore & Marine (Keppel O&M) has ended 2008 with additional signed contracts worth $136m through its wholly owned subsidiaries. The new orders include the upgrading and conversion of a Floating, Storage and Offloading (FSO) vessel into a Floating Production, Storage and Offloading facility by Keppel Shipyard for Single Buoy Moorings, the building of two RAmpage 5500 Z-M offshore support tugs by Keppel Singmarine for Seaways

Cooper Group Selects ABS for Sub M Services

© Cooper / T. Smith

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

(Image: Viking Line)

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

Photo: National Shipping Company of Saudi Arabia (Bahri)

 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

Nauta Yard Cuts First Steel for Trawler Newbuild

Photo: Nauta Shipyard

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

HMAS Success Photo RAN

  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

Photo: 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

At the signing ceremony of the contracts, Chung Ki-sun, executive vice president of Corporate Planni. Photo: Hyundai Heavy Industries (HHI)

 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

Photo: Southampton Marine Services

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

Photo: Blessey Marine Services

 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

Photo: Great Lakes Towing Company

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 CEO Tore Andersen (Photo: Optimarin)

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

Image: Flex LNG

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.  

Fishing Trawler Launched in Nauta Shipyard

Photo courtesy of Nauta Shiprepair Yard

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

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

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