GE Shipping Orders New Tankers
Great Eastern Shipping Company (GE Shipping) has ordered two new building Long Range One (LR1) product tankers from STX Shipbuilding Company, Korea. The vessels, of around 74,500 dwt each, are due for delivery during Q3 FY 2008-09. With this order, the company`s new building orderbook stands at 9 tankers (4 LR1 product tankers and 5 MR product tankers) with an aggregate dwt of 0.52 Mn and 5 OSVs (4 AHTSVs and 1 PSV). Source: IRIS
Havila Shipping Orders New PSV
Havila Shipping ASA has entered into a contract with Solstrand Verft for building of a new platform supply vessel (PSV) called Havyard 832 CD. The vessel is developed by Havyard Maritime in close cooperation with Havila Shipping ASA. The vessel has a length of 262 ft. In order to meet environmental and comfort demands in the future the vessel has; clean design class, catalysers, and DP 2. Delivery of the vessel will be during summer 2009.
MISC Orders New Tankers
Malaysian shipper MISC Bhd. confirmed an order for four chemical tankers from South Korea's STX Shipbuilding Co. Ltd. No pricing details were released, but it is said that the tankers were of 38,000 DWT each, for delivery in 2009. Source: Dow Jones
Dalian Shipbuilding Wins Cosco Order for 7 Ships
Dalian Shipbuilding Industry Corporation (DSIC) has announced an order win for two 319,000 dwt VLCCs and five 72,000 dwt product tankers from Cosco Dalian, the tanker shipping arm of China Cosco Group. The financial details of contract were not disclosed. Market estimates show that the order could be worth a total of USD 500 million. The newbuildings will be designed to feature fuel saving and energy efficient technology, according to DSIC. The new orders placed by China Cosco…
COSCOL Profit Jumps
Shanghai Stock Exchange-listed COSCO Shipping Company Limited (COSCOL) says its profits shot up 491% year on year (y/y) to CNY193M ($31M) in 2014. Revenue improved 3% year-on-year. The results also boosted by government subsidies and benefitted from cost cutting measures. On 30 September the company received a total of CNY183M in government subsidies for scrapping old tonnage and replacing them with new building orders. In 2013, the Chinese government introduced policies with subsidies to encourage Chinese ship-owners to scrap older Chinese-flagged vessels.
Golar LNG Secures Charters for Carrier Duo
Golar LNG announced today that it has been awarded 2 time charters by Nigeria LNG Ltd ("NLNG") to employ the recently delivered Golar Frost and Golar Crystal. Employment of both vessels under these contracts will commence in January 2015 and will continue for a duration of approximately 12 months for each vessel. NLNG has elected to retire earlier than planned 3 of its smaller and less efficient LNG Carriers and to replace these with Golar's more modern and technically advanced ships, while NLNG awaits the delivery of its own recently ordered new vessels.
HMM Confirms Contract With DSME For Five VLCCs
Hyundai Merchant Marine (HMM) announced that it has signed a formal contract with Daewoo Shipbuilding & Marine Engineering (DSME) for construction of five 300,000 dwt Very Large Crude Carriers (VLCC) with an option of five more vessels. HMM’s letter of intent with DSME for five VLCCs (+5 option) was singed back in April 2017. Under the agreement, DSME will build five VLCCs for HMM worth approx. KRW 470 billion (USD 420 million) that will be financed by the New Shipbuilding Program.
Herbert-ABS Opens Korea Office
Herbert-ABS Software Solutions LLC, a company in marine regulatory, load management, salvage and ship design software, said it has opened an office in Busan to reinforce support for Korean-based shipyards, as well as improve the quality of service to this key market. Herbert-ABS also has an office in Shanghai and earlier this year expanded into Singapore. The Busan office will be led by Arnold (Woo-Sung) Cho, Marketing and Sales Manager, whose primary focus will be to strengthen relationships with the Korean yards. Cho's activities will also consist of representing Herbert-ABS at industry conferences, to include Gastech, 24-27 March in South Korea at stand G360.
Review copy of Tanker Specification Awareness Guide Released
The design, construction and operation of quality tankers are subject to greater scrutiny than ever before. The tanker industry has accumulated a wealth of experience of ship technical and operational matters over the years but often not enough use is made of this industry body of knowledge when building a new tanker. INTERTANKO's Tanker Specification Awareness Guide has been compiled to assist those ordering new ships in making informed decisions about the specification of their newbuildings based on industry experience and response to current issues. It is intended to help improve the technical specification of a tanker at the design, contract negotiation and construction stages.
Celebrity Cruises Orders New Ship
Celebrity Cruises has exercised its option to order a second 118,000 gross-registered-ton ship. German shipbuilder Meyer Werft will build the new tonnage, with delivery of the first ship planned for Fall 2008 and the second ship in Summer 2009. Celebrity also announced names of both new ships. The first new ship will be called Celebrity Solstice, and the second ship will be named Celebrity Equinox. The new series of ships will be known as the Solstice class. Terms for the second Solstice-class vessel are substantially the same as those of the first ship.
McAllister Towing Orders New Tug Pair
McAllister Towing and Transportation Co. has ordered two new 5,000 hp tugs scheduled for delivery this year. The first vessel, which will be named Janet M. McAllister, is scheduled for a spring delivery; the second vessel, Vicki M. McAllister will hit the water this summer. Designed by Jensen Maritime Consultants of Seattle, Wash., the tugs are being built to ABS classification standards by Eastern Shipbuilding Group, Panama City, Fla. Measuring 98 ft. (29.8 m), each will boast the newest technology available and will be equipped with two EMD engines and two Schottel drives - designed to produce a bollard pull up to 60 tons. Fire pump equipment will be supplied by Detroit Diesel at 1,800 rpm to Goulds eight by 10 in.
McAllister Towing Orders New Tug Pair from Eastern
McAllister Towing and Transportation Co. has ordered two new 5,000 hp tugs scheduled for delivery this year. The first vessel, which will be named Janet M. McAllister, is scheduled for a spring delivery; the second vessel, Vicki M. McAllister, will hit the water this summer. Designed by Jensen Maritime Consultants of Seattle, Wash., the tugs are being built to ABS classification standards by Eastern Shipbuilding Group, Panama City, Fla. Measuring 98 ft. (29.8 m), each will be equipped with two EMD engines and two Schottel drives - designed to produce a bollard pull up to 60 tons. Fire pump equipment will be Detroit Diesel PTO at 1,800 rpm to Goulds 3410 eight by 10 in. pump, producing 3,000 gpm delivered to two fire monitors, each with 1,500 gallons AAAF Foam Capacity.
Euronav in $384m Deal for 4 VLCCs
Euronav has entered into an agreement for the acquisition through resale of four VLCCs which are completing construction at Hyundai Heavy Industries for an aggregate purchase price of $384 million or $96 million per unit. The vessels are due to be delivered as early as September 2015, January, March and May 2016. In addition and against the payment of an option fee of an aggregate amount of $8 million, the seller has also agreed to grant Euronav an option to acquire up to a further four VLCCs sisters of the ones acquired at a price of $98 million each.
Swire Orders New Offshore Vessels
Swire Pacific Offshore Holdings (SPO) has signed an agreement with Qingdao Qianjin Shipyard, Qingdao, to build eight new "P" Class Anchor Handling Tug Supply vessels (AHTS) for delivery in 2010 and 2011. The agreement was signed on 24th January by SPO's Managing Director. The new 4,800 hp, IMT957-design vessels will be 57 metres long, with a bollard pull of 60 metric tons; the first pair of AHTS is scheduled for delivery in August 2010, with the remaining pairs of vessels delivering at four-monthly intervals thereafter. The contract, which is worth in the region of US$100 million, completes the major part of an ongoing fleet replacement program…
GlobalSantaFe Orders New Ultra-Deepwater Drillship
GlobalSantaFe's new ultra-deepwater drillship, to be constructed in Ulsan, Korea, by Hyundai Heavy Industries for delivery in 2010. GlobalSantaFe Corporation has made an agreement with Hyundai Heavy Industries, Ltd. delivery in September 2010. total approximately $740m. suppliers and deliver the drillship to GlobalSantaFe for a fixed price. successful GSF C.R. service in 2000. depths up to 10,000 feet and is upgradeable to 12,000 ft. provides significantly more space than previous-generation drillships.
Two Big Cruise Ship Orders for Fincantieri
Carnival Corporation & plc orders new ships, one each for Its Holland America Line and Carnival Cruise Lines brands. A memorandum of agreement has been signed with Italian shipbuilder Fincantieri for the construction of a 2,660-passenger ship for Holland America Line scheduled for delivery in fall 2015 and a 4,000-passenger ship for Carnival Cruise Lines scheduled for delivery in winter 2016. The total cost for the two vessels combined, which includes the U.S. dollar denominated contract price and all owner's costs, will be approximately $195,000 per lower berth. The memorandum of agreement is subject to customary closing conditions, including execution of shipbuilding contracts and financing.
Caterpillar Launches Cat 3500 Gasket Kits
Caterpillar Marine is pleased to announce the launch of Cat 3500 marine diesel engine gasket kits for engine overhauls. Cat gaskets are a critical part within Cat diesel engines and are specifically engineered with specialized materials to reduce leaks and keep fluid within the engine. Recognizing varied customers’ needs for their particular application, the kits are arranged by serial number to provide customers with a simplified and expedited ordering process. The kits will be available to order from the global Cat dealer network by early 2015.
Chinese Shippers Order for 30 Valemax Vessels
The Chinese shipping companies - Chinese shipping majors Cosco Group, China Merchants Group and ICBC Financial Leasing Co- ordered 30 Valemaxes worth a combined $2.5 billion for delivery starting from 2018, deployed on Brazil-China trade routes, reports WSJ. The vessels will bosst the trade between China and Brazil and also will invest billions of dollars into delaying shipbuilding industry in the country. The vessel will be employed on Brazil-China trade routes, boosting the import of Vale iron ore in China.
Nordic American Tankers Mull Expansion Plans
Nordic American Tankers Ltd. is considering expanding its fleet by ordering new vessels or buying second-hand. The company's Board of Directors has declared a dividend of $0.16 for the fourth quarter of 2012. They are assessing expansion plans including ordering of new vessels from shipyards or buying second hand vessels at historically low prices. The level of the declared dividend should be seen in the context of a planned fleet expansion. Expansion is essentially the same as investing in the future. However, also yield is a priority as demonstrated by this payment of dividend for the 62nd consecutive quarter since the autumn of 1997. The record date is expected to be January 30, 2013 and the payment of dividend is expected to take place on or about February 13, 2013.
Cruise Ship Newbuilding Famine Relieved by NCL
Norwegian Cruise Line (NCL) orders new cruise liner from Germany's Meyer Werft with option for a second. The ship's contract price is approximately euro 700 million and the company has export credit financing in place which was arranged and underwritten by KfW IPEX-Bank GmbH of Germany. Delivery is scheduled for delivery in October 2015, and the delivery for the second (optional) ship would be spring 2017. The new ship, at 163,000 gross tons and approximately 4,200 passenger berths…
Maersk Line CEO: 11 New Ships Likely in Q2 2015
Maersk is considering ordering 11 container megaships in the second quarter of 2015, the Wall Street Journal reported today. "We need to grow with the market and increase our capacity by 425,000 containers from 2017 onward for three years," Maersk Line Chief Executive Soren Skou told the Journal. "It's very likely the first order will be 11 Triple E size ships. Maersk has not ordered new ships since 2011, when it ordered 20 Triple-E class vessels, each capable of hauling 18,000 containers. The company reported a profit of $2.3 billion in 2014, a 50% profit increase in 2014.
RINA Releases Guidelines
tender process for tanker newbuildings. new tankers now and to snap up newbuilding slots. never been more complex. help owners to get both better ships and better relations with the yards. ships in service. design of any newbuilding project. oil tanker designs. structures such as longitudinal and transverse bulkheads. when drawing up the specification of new building orders is also given. while the ship is in service.
Irish Ferries Orders New Ship for Dublin-Holyhead Route
Irish Continental Group plc (ICG) said it has ordered a new cruise ferry set to be the world’s largest in terms of vehicle capacity, due for delivery in 2020. The new €165.2 million ($199.4 million) cruise ferry is being built by German shipbuilder Flensburger Schiffbau-Gesselschaft & Co.KG (FSG), specifically for Irish Ferries’ Dublin - Holyhead services. It is expected to replace the schedule of the MV Ulysses, which in turn will replace the chartered-in vessel MV Epsilon. This will allow for the deployment of the W.B. Yeats (arriving mid 2018) full-time on the direct Ireland - France route alongside the MV Oscar Wilde. ICG said the new 67,300 gross ton cruise ferry will increase Irish Ferries’ freight and tourism carrying capacity on the fast-growing Dublin - Holyhead route.