MSC (Europe) Awarded Conversion Project
Maritime Services Corporation’s Southampton-based marine outfitting company, MSC (Europe) Ltd., has received a Letter of Intent and deposit that will lead to a $19 million conversion contract to convert the ex Dronning Ingrid rail ferry into a state of the art hospital ship for the charitable group Mercy Ships. MSC will act as the general contractor for all phases of the conversion.
Hyundai Mipo Order Revised Up
According to a Nov 13 Reuters report, Hyundai Mipo Dockyard Co Ltd said it had signed a $408m order that revised up a 2007 contract to reflect changes to ship types. South Korea-based Hyundai Mipo had initially won a $373m order for eight container ships from an unidentified company in Europe in September 2007. The new contract now calls for the shipbuilder to deliver two container ships, two product carriers and three liquefied petroleum gas carriers, Hyundai Mipo said in a filing with the Korea Exchange. (Source: Reuters)
Hyundai Mipo Wins $222m Contract
The Hyundai Mipo Dockyard Co., a unit of Hyundai Heavy Industries Co. said it had won a $222m order to build five chemical carriers. The shipbuilder will deliver the ships to an unidentified shipping company in Europe by February 2011, it said in a regulatory filing. South Korean shipbuilders such as Samsung Heavy Industries Co. are expected to see their exports rise 18 per cent to $26 billion this year on the back of continuous demand for high-end ships and other products. Source: Business in Asia Today
Scenic Tours Orders Three Ships
Australian-owned tour operator Scenic Tours has announced the formation of its European operations company Scenic Tours Europe AG that will be based in Zug, Switzerland. It is a venture that will mean that it is the only 100 percent Australian-owned river cruising company in Europe. To kick off the operations, three luxury river cruise ships will be delivered into the hands of the new company in 2008/09. The AUD$78 million order for the ms Scenic Sapphire, Scenic Emerald and Scenic Diamond will be the highest standard river cruise ships ever built in Europe.
Roadships Holdings Engages STX Marine
Roadships Holdings Inc., a USA company listed on Nasdaq (OTC:RDSH) is announced the decision of its Board of Directors to engage STX Marine to update the design of its Roadships High Speed Monohull to be fuelled by Liquid Natural Gas. An amendment to the Commercialization Agreement contract between Roadships and STX was signed giving effect to the change. The announcement follows confirmation of STX Canada Marines parent company STX Europe earlier this month of its commitment to reduce the environmental impact of the marine ship industry. STX Europe comprises 15 shipyards in Finland, France, Norway, Romania, Brazil and Vietnam. According…
MOL Acquires Seafarers Manning Company
Japan's Mitsui O.S.K. Lines (MOL) has announced that MOL acquired 100% of the issued shares of Azalea Maritime B.V. on December 21st, 2017. Azalea Maritime changed its name to "MOL Maritime (Europe) B.V." on January 1st, 2018. MOL will enhance providing top-quality seafarers for MOL-operated LNG carriers and tankers and continue to aim to become a world leader in safe operation. MOL Maritime (Europe) B.V. as a manning company, will continue to support MOL safe operation, while inheriting Azalea Maritime's accumulated experience with European seafarers and know-how of the manning business.
Qatargas, RWE Ink SPA Deal for LNG Deliveries
Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company. Qatargas will deliver up to 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum to RWEST in North West Europe for seven and a half years. Saad Sherida Al-Kaabi, Qatar Petroleum President and Chief Executive Officer and Chairman of Qatargas Board of Directors, said: “Qatargas is committed to providing reliable, clean energy to consumers all over the world.
CMA CGM Acquires OPDR
The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R. Saadé announced during his visit in Hamburg, Germany on November 25. The closing of the transaction remains subject to the approval of the relevant regulatory authorities. OPDR, a shipping company owned by the Bernhard Schulte Group, specializes in short sea shipping and door-to-door logistics for North Europe, Canary Islands, the Iberian Peninsula and Morocco.
Iran's European Comeback
Islamic Republic of Iran Shipping Lines (IRISL) has managed to create two companies in Europe in joint collaboration with foreign companies, says Mohammad Saeidi IRISL managing director. He didn't provide the details of establishment of the two Iran-Europe shipping companies, but said that the companies have already started cooperation schemes with their European partners. Saeidi emphasized that the same cooperation schemes are expected to facilitate the shipping services between Iran and Europe. He also said that Iran plans to establish several new shipping lines within the next six months.
Spain Approves Acquistion of Iberocruceros
The Spanish Antitrust Authority has granted official approval to the acquisition of sole control by Costa Crociere S.p.A. of Iberocruceros, a brand operating in the Spanish market. The operation was first announced on May 29 this year following the signing of an agreement between Costa Crociere S.p.A. and the leading Spanish tour operator Orizonia. Now, following the go-ahead from the antitrust authority, the deal is to be completed during July 2009. Iberocruceros was established in 2007 as a joint venture between the Costa Crociere Group, which owned 75% of the company, and Orizonia, which had a 25% stake. Through its acquisition of the remaining 25% of the capital, Costa Crociere S.p.A. now is the only shareholder of Iberocruceros.
Roekke Loses Bid To Win Full Control Of Aker
Norwegian billionaire Kjell Inge Roekke failed to win full control of industrial holding firm Aker RGI after a controversial buyout bid valuing the group at $1.16 billion. Roekke, who is chairman of Aker RGI and who already held two-thirds of the group after a raid last year, controlled almost 88 percent of Aker under a new buyout bid that expired on Sept. 10. The figure leaves Roekke just short of his goal of 90 percent control, the minimum needed under Norwegian law to force remaining shareholders to sell their stakes and delist the company from the Oslo bourse. Roekke, who made a fortune from fisheries and has extended his empire to Aker RGI…
EU Ports Stress on Open Investment Environment
European Commission published a Proposal for a Regulation establishing a framework for screening of foreign direct investments into the European Union and a Communication entitled “Welcoming foreign direct Investment while Protecting Essential Interests” on 13 September 2017. The European Sea Ports Organisation (ESPO) welcomes the fact that the Commission proposal is stressing the importance of an open investment environment. The port sector is capital intensive. Over the last decades ports in Europe have benefitted from substantial investment from outside the European Union…
Fastmount Appoints Distributors
Growth in sales worldwide has prompted Fastmount Ltd, the New Zealand designer and manufacturer of the Fastmount removable panel mounting systems to strengthen its distribution team in Europe. Fastmount has selected marine industry specialists with a wealth of knowledge in both the OEM and refit sectors in the Netherlands, Belgium, Turkey, Finland and Sweden. They appointed Kroon B.V in the Netherlands and Belgium, Neva Marine in Turkey and MarineMan Oy in Finland and Sweden as new distributors.
Statoil Stakes Claim Offshore Suriname
Statoil has acquired a 30% participating interest in block 47 offshore Suriname from Tullow Oil. Tullow Oil operates the block 47 licence offshore Suriname with 100% working interest. Tullow will retain the operatorship and 70% working interest. The agreement is subject to approval from Staatsolie Maatschappij Suriname, the state oil company of Suriname. Block 47 lies in a frontier area in the Guyana Basin. The licence is located some 270 kilometres north of mainland Suriname, with a water depth of between 1,300 and 3,000 metres.
Goliath Appears on the Polish Horizon
Mammoet, a service provider specializing in engineered heavy lifting and transport, has lifted up a 120-meter-high crane for its installation in the port of Szczecin in Poland. The Goliath crane was built by Van Haagen Kraanbouw in the Netherlands and transported to the fabrication site of Bilfinger Mars Offshore. Mammoet constructed a tailor-made gantry with a height of 127 meters especially for this project – the tallest gantry ever built by the company in Europe – to execute this lifting operation. Gantries normally raise loads from an overhead beam between two supporting towers.
SAM Electronics to Retrofit Bridge Systems for Scandlines
L-3 SAM Electronics announced today that via its Danish subsidiary, L-3 Lyngsø Marine, it was awarded a contract to retrofit navigation facilities aboard four double-ended passenger and freight ferries operated by the German-Danish ferry company, Scandlines. “We are extremely proud to have been selected to provide our advanced NACOS Platinum navigation system for one of Europe’s largest ferry organizations,” said Maik Stoevhase, managing director of L-3 SAM Electronics, ANC. The four ships being retrofitted are the M/F Deutschland…
Quintana Maritime to Purchase Capesize Newbuildings
Quintana Maritime Limited to purchase two 181,000 deadweight-ton (dwt) Capesize vessels. The vessels are being built at STX Shipbuilding Co., Ltd., a major South Korean shipyard, with delivery expected in the fourth quarter of 2010. The expected total cost at delivery of the two vessels, including contract costs and financing costs, will be approximately $159m. Quintana expects to nominate shipowning companies in which it will own a 50 percent interest to purchase the vessels. The company is in the process of negotiating the terms of the agreements governing the joint ventures. The company will pay approximately $16m, $4m and $60m in 2007, 2008 and 2010, respectively, and will control 50% of the shipowning companies.
Costa Cruises China - Awards
Costa Cruises, the first international company to open the cruise market in China in July 2006, received three international in November: the “China Award 2008" from the Italy-China Foundation/Class Editori, the “Best Brand Campaign 2008” from Travel Weekly China and the “Top Cruise Line of Popularity 2008” from World Traveller Media. The Italy-China Foundation/Class Editori presented the “China Award 2008” to Costa Cruises in the "Lombard Elite" category, for companies that have distinguished themselves in relations with China for having represented the best of “made in Italy”. Costa Cruises was selected by a jury chaired by Cesare Romiti, president of the Italy-China Foundation, and Paolo Panerai, Vice-Chairman and Managing Director of Class Editori.
Costa Cruises Welcomes Bok
Costa Cruises has appointed a new Vice President of China, Buhdy Bok, who will head the local operations of the Italian company. Costa Cruises was the first international cruise company to open the cruise market in China, selling its “Italian Style” cruises to the Chinese. After six years of intense activity in the country, Costa Cruises now boasts local offices in Shanghai and Hong Kong and homeports in Hong Kong, Shanghai and Tianjin. In 2012, Costa Cruises will expand its offer in the region with the deployment, starting from May, for the first time, of the Costa Victoria (75,200 gross tonnage and 2,394 total guests). The company hopes that Bok will support its in China, a strategic market for the future development of the largest Italian travel group and no.1 cruise company in Europe.
Hyundai Heavy Delivers 2,000th Ship
Hyundai Heavy Industries (HHI) has become the world's first shipbuilder to deliver its 2,000th ship. The world's largest shipbuilding company delivered a drillship, "Ocean BlackLion," to U.S. oil drilling firm Diamond Offshore at the Ulsan shipyard Friday. Ocean BlackLion, a drillship ordered from Diamond Offshore marked the 2,000th ship HHI completed. The gross tonnage of 2,000 ships HHI built amounts to 126 million, twice the gross tonnage of total ships built last year worldwide.
EMS Seven Seas Announces New CEO
EMS Seven Seas announces new CEO; enters into agreement to acquire Wave Shipping, a Singapore-based maritime and port agency services company. EMS Seven Seas, an international ship chandler and leader in the provision of goods to the marine, offshore and defense sectors, has announced that it has appointed Lars Rosenkrands as the new Chief Executive Officer (CEO) with immediate effect. Lars has 30 years’ experience in the shipping industry, having worked for a variety of ship supply and ship services companies across Europe…
Stolt Offshore Acquires Paragon
Stolt Offshore S.A. signed a letter of intent to acquire a majority ownership of Paragon Engineering Services Inc. (PES) of Houston from Mr. Kenneth Arnold, the current controlling shareholder. A new holding company, Paragon Engineering Services International (PESI), will be established which will operate from the existing PES office in Houston and through a new company, Paragon Europe (PE), in Paris. This represents an investment by Stolt Offshore of approximately $13 million. The transaction is expected to close during the second quarter of this year. PES provides front end engineering and design studies, detailed engineering, procurement, construction and project management services to customers for both offshore and onshore production facilities and pipelines.
Stolt Offshore Acquires Paragon Engineering Services
Stolt Offshore S.A. signed a letter of intent to acquire a majority ownership of Paragon Engineering Services Inc. (PES) of Houston from Kenneth Arnold, the current controlling shareholder. A new holding company, Paragon Engineering Services International (PESI), will be established which will operate from the existing PES office in Houston and through a new company, Paragon Europe (PE), in Paris. This represents an investment by Stolt Offshore of approximately $13 million. The transaction is expected to close during the second quarter of this year. PES provides front end engineering and design studies, detailed engineering, procurement, construction and project management services to customers for both offshore and onshore production facilities and pipelines.