Bulk Carrier Newbuildings News

Classification society DNV has entered into a Joint Development Project (JDP) with AL Group and its Singapore company Asiatic Lloyd Maritime LLP to explore the feasibility of carbon capture and storage (CCS) on board AL’s 7,100TEU containership and Kamsarmax bulk carrier newbuildings.Under the JDP, DNV will cooperate with AL on a techno-economic study of CCS on board the vessels using DNV's FuelPath to assess the economic potential of the different fuel and technology strategies.

Skangas and ESL Shipping have entered into an agreement for providing gas fuel to ESL’s LNG-powered bulk carrier newbuildings. These two new vessels will start operating during first half of 2018. The first of the two vessels was named “Viikki” in June 2017, honoring the shipping company’s tradition to name its ships for places in Helsinki. “This agreement is a milestone for Skangas. Ms Viikki will be the first vessel that we will serve from the new LNG terminal in Tornio”, explains Kimmo Rahkamo, CEO of Skangas. “There will be more to come. This is supported by ESL Shipping. “Our new vessels are full of innovation, and they are pioneers in eco-friendliness and transportation efficiency,” says Mikki Koskinen, Managing Director of ESL Shipping.

Knightsbridge Shipping Limited announce that the second and final stage of its vessel acquisition transaction with Frontline 2012 Ltd. has closed.   The company has issued 31 million shares to Frontline 2012 Ltd. in exchange for 12 Cape size bulk carrier newbuildings.   Knightsbridge said it will have 111.1 million common shares outstanding following this transaction

Bermuda-based Knightsbridge Tankers Limited announced that it has closed the first stage of its vessel acquisition transaction. Knightsbridge has issued 31 million shares in exchange for 11 Cape size bulk carrier newbuildings and two Newcastlemax newbuildings. knightsbridgetankers.com

Noboru Ueda, Chairman and President of ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to greatly improve welding efficiency and coating quality in commercial vessels. Up until now, shipbuilders using conventional fillet welding consumables had to make two welding passes for the required weld leg lengths of around 8mm or above. As the IACS Common Structural Rules (CSR) require the use of 8mm leg lengths in some structural members, this has meant that the relevant welding time for oil tanker and bulk carrier newbuildings has virtually doubled. The IMO Performance Standard for Protective Coatings (PSPC)…

The Company reports net income of $10.7 million and earnings per share of $0.35 for the first quarter compared with net income of $3.5 million and earnings per share of $0.12 for the preceding quarter. Net income in the first quarter includes $9.7 million, which was received as partial settlement for a claim for damages and unpaid charter hire. The average daily time charter equivalent ("TCE") earned by the Capesize vessels in the first quarter was $25,200 compared with $28,600 in the preceding quarter.

Classification society ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to improve welding efficiency and coating quality in commercial vessels. Until now, shipbuilders using conventional fillet welding consumables had to make two welding passes for the required weld leg lengths of around 8mm or above. As the IACS Common Structural Rules (CSR) require the use of 8mm leg lengths in some structural members, this has meant that the relevant welding time for oil tanker and bulk carrier newbuildings has virtually doubled. The IMO Performance Standard for Protective Coatings (PSPC)…

Scorpio Bulkers Inc. has reached agreements with three yards in China to construct a minimum of 11 and up to 14 dry bulk carrier newbuildings. Scorpio Bulkers is a newly established company listed on the Norwegian OTC with offices in Monaco and New York. They have reached agreements with ChengXi Shipyard CO. Ltd. Dalian, COSCO KHI Ship Engineering Co. Ltd., and Nantong COSCO KHI Ship Engineering Co. Ltd. for the construction of the vessels for approximately $27 million each. The vessels are from 61,000 to 64,000 DWT designed for the carriage of dry bulk commodities.

Classification society ClassNK announced it will soon open more than five new offices in Europe. The announcement was made during a press conference held during the Nor-Shipping 2013 exhibition, and was highlighted by a special signing ceremony which saw four renowned Northern European owners officially transfer nearly a dozen vessels to ClassNK. The new expansion which includes new offices already established in Klaipeda, Lithuania, and Ebeltoft, Denmark will see ClassNK open new offices in Bergen…

Shipowners want stronger ships. Regulators want stronger ships. Both want new requirements to apply across the industry - a level playing field. In response, the 10 Members of the International Association of Classification Societies (IACS) are progressing technical programs that will lead to more uniform scantling requirements and wastage limits for bulk carriers, oil tankers and, eventually, other ship types. At Posidonia, IACS Chairman Igor Ponomarev outlined work in progress that will culminate in new Unified Requirements (URs) for stronger vessels. For bulk carrier newbuildings, a major initiative - concerned with strength and safe operation - consists of new…

Rainer Schöndube, Member of the Executive Board at Germanischer Lloyd AG, will conclude his tenure at the classification society based in Hamburg on 30 September 2007. guests came to his farewell at the Four Seasons Hotel in Hamburg. At the beginning of Schöndube's career, in 1980, Germanischer Lloyd had 535 employees. Today, over 4,100 employees in over 76 countries work for the classification society. During this period Germanischer Lloyd's newbuilding orderbook rose from 1.1 million GT to over 24 million GT. The Fleet in Service which Germanischer Lloyd monitors has grown since 1980 from 16.5 million GT to over 70 million GT. The number of ships under regular supervision has nearly doubled, and currently totals more than 6,300 units.

With a twin-masted sterling silver replica of an Imabari sailing ship in front of them to commemorate the event, officials of Lasco Shipping Co. (LASCO) and Imabari Shipbuilding Co., Ltd., (Imabari) signed contracts for two 28,200 dwt logger/bulk carriers to be built at the Imabari shipyard. Imabari will deliver the first of the two vessels in February 2004 and the second in April 2004. "We're building on a well established good business relationship with Imabari", noted Anton U. Pardini, Lasco's President, calling attention to vessels in the LASCO fleet that were previously built by Imabari. Pardini went on to comment that "these vessels are designed, sized and built to provide economical service to the bulk commodity trades.