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Vessel Order

Petrobras Expected to Award Contracts

According to Reuters, STX expects top South Korean shipyards to jointly win offshore project orders from Brazil's Petrobras. Petrobras is expected to issue large tenders for offshore oil development vessels, including drillships and floating product storage and offloading units. In April, Petrobras executives visited South Korea and held individual meetings with shipbuilders on vessel orders worth a total $25 billion-$30 billion. 


Korean Yard Delivers First of Six New Ships for Bahri

The National Shipping Company of Saudi Arabia (Bahri) receives the 'Bahri Abha' from South Korea's Hyundai Mipo shipyard. The new ship, of 26,000 dwt, was built especially for the general cargo trade and is the first to be delivered of six vessels that were contracted by the Company with Hyundai Mipo shipyard in 2011 for a total value of SAR 1,543 million. The remaining five general cargo vessels ordered by Bahri are under construction at Hyundai Mipo in South Korea with delivery expected


BP Amoco Orders Two LNG Carriers From SHI

BP Amoco ordered two liquified natural gas (LNG) ships, with options to purchase three more, from Samsung Heavy Industries Co for in excess of $300 million. The oil giant, which is the world's second largest non-state producer of natural gas, said construction will start in April 2001 with delivery of the first ship in the fourth quarter of 2002 and the second in the first quarter of 2003. "This order is part of our strategy for rapidly growing our internationally traded gas business


CDP Gets Six Shipbuilding Orders

According to www.dailynews.lk, Colombo Dockyards Plc (CDP) was able to secure six shipbuilding orders Greatship (India) Limited worth over US $110 million following the building of its largest anchor handling tug supply vessel to the company, yesterday. CDP which has undertaken 33 per cent of shipbuilding work of Greatship India conforms to all international ship building standards. This is the first of an order for two anchor handling tug supply vessels ordered by the company and will


Major Chinese Shipbuilder Sees Profits Nose-dive

China Rongsheng profit dives as new ship orders dry up. China Rongsheng Heavy Industries Group, the country's largest private shipbuilder, posted its sharpest fall in half-year profit - down 82 percent - on a dearth of new orders, putting further pressure on its stretched balance sheet reports Reuters. In a stubbornly downbeat global economy, the shipping industry has suffered widespread losses, with many small and medium sized Chinese builders close to bankruptcy as bankers cool on a


OWS Orders Damen Vessel for Dutch Offshore Project

Damen FCS 2008 Twin Axe (Image courtesy of Damen)

Dutch company Offshore Wind Services (OWS), specialists in the provision of crew transfer vessels to the offshore wind industry have ordered a Damen FCS 2008. This is the company’s second vessel ordered from Damen this year. Damen Shipyard Den Helder in the Netherlands will meet the specific requirements of the client. This includes outfitting the vessel with a second generator set and offshore crane. She will also be painted in the company’s colors


UK Consortium Scraps Portsmouth Dockyard Plan

Portsmouth Naval Shipyard: File photo

Portsmouth Shipbuilding Group was set up in the wake of the decision made by BAE Systems last year to relocate its shipbuilding division to the Clyde, in Scotland, a move that put hundreds of jobs at risk, reports ‘The [Portsmouth] News'. But the project needed £100m of government money to get off the ground, and as no commitment was made by ministers that the cash or another Offshore Patrol Vessel [order] would come to light, it never happened.


Two Newbuilds Delivered to Star Bulk

Star Bulk Carriers Corp. took delivery on February 27 of M/V Honey Badger (ex HN NE 164) and M/V Wolverine (ex HN NE 165), two 61,000 dwt Ultramax bulk carriers built by Nantong COSCO KHI-Ship Engineering Co. (NACKS). The new vessels are the first two of four similar vessels ordered at NACKS, which are all built with modern specifications for low fuel consumption and reduced carbon emissions, Star Bulk said. Following the delivery of the vessels


Stena Bulk Orders Tankers from China

Photo courtsy of Stena Bulk

Stena Bulk has placed an order for three 50,000 dwt IMOIIMAX MR tankers with the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME), formerly Guangzhou Shipyard International (GSI), in Guangzhou.   It has also taken out an option on a further two vessels. The total value of the order is $200 million. The first delivery is planned for the end of 2017 after which the vessels will be delivered at three-monthly intervals.


Asia-N.Europe Box Rates Sag Almost 5 pct

File Image: a Maersk Container Vessel alongside engaged in cargo operations (Maersk)

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 4.7 percent to $606 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. The shipping industry has been battling overcapacity linked to a glut of new vessels ordered during a boom period before the global financial crisis of 2007-2009.


South Korean Shipyards: Silver Lining for the Biggies

Photo:  Hyundai Heavy Industries Co., Ltd.

 Though South Korea’s big three shipbuilders -Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries - showing signs of fiscal recovery this year,  orders at midsized shipbuilding companies remain sparse. 


Combi Lift Orders 19 Vessels from Damen

Damen Zeya River shallow water push boat (Photo: Damen)

Damen Shipyards Group said it has secured an order with German heavy lift company Combi Lift to build a total of 19 specially customized shallow draught vessels. The vessels will be used to transport oversized and heavy lift cargo for the Gazprom Amur Gas Processing Plant Project in the Russian


TransLink Orders Second Damen SeaBus

Photo: Damen

TransLink, Metro Vancouver’s regional transportation authority, has signed a contract with the Damen Shipyards Group for an additional SeaBus, to ferry passengers between downtown Vancouver and North Vancouver in British Columbia, Canada.


Ocean Group Takes Delivery of First Damen Tug

Stan Tug 2608 (Photo: Damen)

Italian maritime service provider Ocean S.r.l. has welcomed its first Damen tug – a Stan Tug 2608 – into its fleet. The company, part of the Ocean-Team Group, will deploy the vessel in harbor towage operations in the ports of Monfalcone and Porto Nogaro in the northern reaches of the


Eight LARS Systems Delivered to the Kuwait Coast Guard

Photo: TBV Marine Systems

Ending 2016, TBV Marine Systems, part of High-Tech Solutions & Design B.V., has finished the commissioning for eight FRC/RHIB Launch and Recovery systems (LARS) that have been delivered for four new vessels ordered by the Kuwait Coast Guard. 


Philly Shipyard Lays Keel for Fourth APT Tanker

Steinar Nerbovik, President and CEO Photo Philly Shipyard

Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA (Oslo: PHLY), held a ceremonial Keel Laying today for the fourth product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary. 


Metal Shark to Build DC, New Orleans Passenger Vessels

Rendering of the 88’,149-passenger aluminum catamaran vessel that Metal Shark will produce under a four-boat contract for Potomac Riverboat Company, a division of Entertainment Cruises (Image: Metal Shark)

Louisiana-based shipbuilder Metal Shark said it has been awarded two separate contracts to produce passenger vessels for the Potomac Riverboat Company division of Entertainment Cruises, and for the New Orleans Regional Transit Authority.  


Bahri Acquires VLCC Amjad

Amjad Photo Bahri

Amjad, a 300,000 DWT Very Large Crude Carrier (VLCC) built by Hyundai Heavy Industries (HHI) in South Korea, has become the latest addition to Bahri's growing fleet of 84 vessels of various types.   Bahri took delivery of the VLCC, its 37th


Scorpio Tankers Reports 4Q Loss

Photo: Scorpio Tankers

 Scorpio Tankers has reported a fourth-quarter loss of $29.7 million or a loss of 18 cents per share.   The shipping company posted revenue of $106.1 million in the period, also exceeding Street forecasts.    Scorpio Tankers sharply reduced its quarterly dividend by 92% to


Consolidation Not Enough to Save Box Shippers -Study

File photo: Hamburg Süd

The outlook for global container carriers remains rocky at the outset of 2017, according to a new study by AlixPartners.   Hanjin Shipping Co.’s bankruptcy in 2016 sent shock waves through the industry, while Brexit and the new U.S


Consolidation – A Path to Subsea Vessel Sustainability

Graphics: Subsea Vessel Operations expenditure by Sector – 2017-2021. Source: Douglas-Westwood, World Subsea Hardware & Vessel Operations Market Forecast

 In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance, says a report by Douglas-Westwood London.   This has been further exacerbated by sustained low oil prices


Liebherr Offshore Cranes Accessing New Markets

Design layout of the new Liebherr HLC 295000 mounted on Deme’s next generation offshore installation vessel Orion. (Image: Liebherr)

Liebherr’s maritime manufacturing plant in Rostock has been awarded the contract to supply the heavy-lift crane for the Orion, a new wind farm installation and platform decommissioning vessel ordered by DEME from COSCO (QiDong) Offshore, a subsidiary of COSCO Shipping Heavy Industry


Maersk Line Deploys First Second-gen Triple-E

Madrid Maersk (Photo: Maersk Line)

Four years after the arrival of the first Triple-E vessel, Maersk Line has now deployed Madrid Maersk, the first of its second-generation Triple-E containerships.   With nearly 2,000 more TEU capacity than the prior generation Triple Es, the 20


Newbuild Tonnage: Greece Leads the Way in 2017

File photo: Maran Tankers

Greece newbuidling orders dominate in 2017 so far   Globally 119 new bulkers and tankers have been ordered since the start of 2017, according to data compiled by VesselsValue Deals. Of those orders, 35 come from Greek ship owners (14 bulkers, 21 tankers) – by far the most of any nation


Nor-Lines, Rolls-Royce Sign Service Agreement

Photos courtesy of Rolls-Royce

Nor Lines and Rolls-Royce have signed a “Power-by-the-Hour” service agreement for the two vessels Kvitbjørn and Kvitnos. The new service offering harnesses the power of “big data” to monitor, plan and perform maintenance and repairs on all the equipment it has






 
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