Time Charters for Two Global Ship Lease Containerships
Global Ship Lease, Inc. signs new time charters with CMA CGM for two 4,113 TEU containerships. $9,962 per vessel per day, commencing upon expiration of the current time charters on September 20 and 21, 2012, respectively. The time charters for the Ville d'Aquarius and the Ville d'Orion were executed under an agreement entered into with CMA CGM, providing Global Ship Lease with the option to obligate CMA CGM to charter the vessels at an index-linked rate, with a floor of $8,500 per day. Ian Webber, Chief Executive Officer of Global Ship Lease, said, "We are pleased to have signed new time charters for these two ships with CMA CGM. These…
MAN Diesel Signs New Contract
MAN Diesel has signed a new Chinese licence contract with Wuxi Antai Power Machinery Co., Ltd. The Chinese company will deliver small-bore MAN B&W two-stroke engines to small yards. The engines will have cylinder diameters up to 46 cm and will be targeted at bulk carriers and tanker vessels for domestic trade.
New Maritime Progress Book
The Maritime Progress book, first published in 1997, is an authoritative reference manual of signage, safety awareness and training material onboard ship. The new is designed to be compact focusing on the signs most commonly used onboard all types of vessel. Specific reference to International regulations, standards, codes and guidelines are easily found as appropriate within.
CAE's Marine Division Signs $19M in Deals
CAE signed new contracts to provide integrated bridge systems (IBSs) for the United Arab Emirates' Baynunah-class corvettes, and a land-based test facility for the German navy's F-124-class frigates. CAE also signed a contract amendment for the Indian navy's landing ship program and finalized the contract for the German navy's K130 corvette program. In total, the new agreements and contract amendment are worth about C$19 million, with an option of C$4 million for two additional Baynunah corvette IBSs. The new contract with the German navy calls for CAE to provide an F-124 land-based test facility to support CAE's integrated machinery control system (IMCS) already aboard the navy's new F-124 class frigates.
Wärtsilä Extends Licence Agreements
Wärtsilä, a solutions and services provider, has signed new licence agreements with seven of its long-term Chinese partners. CSSC (China State Shipbuilding Corporation) has been a Wärtsilä licensee since 1978, and four of its engine companies have signed new agreements giving them licence to manufacture, sell, and service Wärtsilä low-speed engines for a further ten years. The four companies are HHM (Hudong Heavy Machinery Co Ltd), CMD (CSSC-MES Diesel Co Ltd), CME (Zhenjiang CME Co Ltd) and GMD (CSSC Guangzhou Marine Diesel Engine Co Ltd).
U.S. Submarines Expands
There is a lot happening at U.S. Submarines, Vero Beach, Fla. these days. The company has increased capitalization and expanded, and plans to move to a new facility. Additionally, there are plans to hire new employees, sign new constrcution contracts and introduce new models. The company is currently designing the world's first submarine cruise ship, finalizing a new 18-passenger acrylic tourist submarine design for a U.S. location and setting up two additional new tourist submarine operations, one in Miami and another in Palau. A third submarine has been added to the company's small sub line-up, Triton 650. This is a two-passenger submersible designed to be launched and recovered from a yacht.
Kongsberg Maritime Report Strong Growth in Q2 2013
Kongsberg is reporting operating revenues in the second quarter of 2013 of MNOK 4 097, up 4.2 per cent year-on-year. EBITDA came to MNOK 513 in Q2, compared with MNOK 525 in Q2 2012. At mid-year, operating revenues totalled MNOK 8 130, translating into growth of 4.7 per cent from mid-year 2012. The expansion in H1 has been driven by Kongsberg Maritime, which posted growth of 13.9 per cent compared with H1 2012, and is continuing to report a significant influx of new orders. Altogether during the quarter, Kongsberg Maritime signed new orders valued at MNOK 2 431.
MarAd Vietnam Sign New Bilateral Maritime Agreement
U.S. maritime shippers, carriers and port operators will have far-reaching access to Vietnamâ€™s rapidly expanding markets for transportation services, thanks to a new agreement signed today by U.S. Maritime Administrator Sean T. Connaughton and Vuong Dinh Lam, Vietnamâ€™s national maritime administration chairman. Under the terms of the new agreement, U.S. companies may acquire a controlling 51 percent share in joint venture enterprises, such as partnering arrangements between U.S. and Vietnamese companies. The agreement also allows U.S. companies to take a lead role in providing a wide range of maritime services including cargo agency, cargo documentation, cargo management, ocean freight forwarding, storage and warehouse services, and container station and depot services.
CAE Valmarine Wins New Contracts
CAE Valmarine, part of CAE's Marine Controls division and a leader in automation systems for commercial ships, has signed new contracts worth approximately C$5 million. CAE Valmarine will provide the advanced automation system for a Carnival Group super-liner cruise ship being built by Fincantieri in Italy, two Portuguese-built chemical carriers for Finland's Fortum Energy, and a comprehensive upgrade of a diving support vessel operated by Subsea 7, based in Aberdeen, Scotland. consoles. Miami-based Carnival Group's super liner is the first cruise ship ordered worldwide since September 11, 2001. CAE Valmarine is also providing control systems for Cunard's Queen Mary 2, currently under construction at Chantiers de l'Atlantique in France.
Russian Grain Exporters Resume Trade with Turkey
Russian grain exporters have resumed deals with Turkish buyers after a short break caused by a deterioration in relations between the two countries, traders and analysts said. Russia, one of the world's largest wheat exporters, and Turkey, one of the biggest buyers of Russian wheat, have been locked in a dispute since Turkey shot down a Russian warplane near the Syrian-Turkish border in late November. For several weeks after that, Russian and Turkish traders held back from signing new contracts, fearing Moscow could suspend grain exports to Turkey or Ankara could curb purchases, the traders and analysts said. But no such measures have been imposed and business has returned to normal, they added.
ABS Nautical Systems Signs New Contracts
Pacific Drilling Services, Inc. has signed a contract with ABS Nautical Systems to implement the NS5 Enterprise Hull Inspection module on four of its drill ships through the ABS Offshore Newbuild Program. The Houston based company will also receive Survey Planning Documents for each drill ship. The primary intent of this document is to identify areas of the hull structure that are to be surveyed, which can then be used as a means for maintaining compliance with classification. Pacific Drilling Services will utilize these tools on their newest drill ships, laying the foundation for sound hull integrity for the entire service life of their vessels.
Stelmar Announces Time Charter Contract
Stelmar Shipping Ltd. announced that it has renewed the Rimar, a 1998 double hull product tanker, on a six-month time charter contract for $13,500 per day. Peter R. Goodfellow, Chief Executive Officer and President commented, "In 2002, we have signed or renewed profitable time contracts for all seven tankers that have come off contract. We have also been able to sign new profitable time charter contracts for another two tankers that had been operating in the spot market. As we move into the second half of 2002, we have only four Handymax tankers operating in the spot market with another four coming up for renewal. We are confident in our continuing ability to sign profitable, short-term time charters at rates that exceed the current spot rate.
Euroseas Orders Two Drybulk Newbuilds
Euroseas signs new building agreements for the acquisition of two fuel efficient kamsarmax drybulk carriers and announces new acquisition for its joint venture Euromar. Euroseas Ltd., a Greek owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that it has signed a contract for the acquisition of two Eco design kamsarmax fuel efficient drybulk carriers. The vessels will have a carrying capacity of 82,000 dwt each and will be built at Jiangsu Yangzijiang Shipbuilding Co. The two newbuildings are scheduled to be delivered in the fourth quarter of 2015 and in the fourth quarter of 2016. The total consideration for these two newbuilding contracts is a bit below $60 million.
Scana Win New Propulsion System, Thruster Contracts
Scana Industrier ASA has through its subsidiary Scana Propulsion recently signed new contracts: one for delivery of a propulsion systems to Kleven verft, and two more for tunnel thrusters to Nordic Yards and Guangzhou Salvage Bureau. The contracts have a total value of approx. 22 million NOK. This is for delivery of gear and propellers to a new construction vessel for Østensjø Rederi. The vessel is designed by Salt Ship Design and is to be delivered in March 2016. Scana Propulsion will provide gear and propellers within first quarter 2015. The contracts for delivery of tunnel thrusters have been signed with customers in Germany and China.
ABS And Russian Register Sign New Bilateral Agreement
A new bilateral agreement that extends the long-standing agreement on cooperation between ABS and the Russian Maritime Register of Shipping (RS) has been signed by the two societies in St Petersburg (Russia). The wide ranging, cooperative agreement principally addresses the provision of field surveys for ships and floating structures in service and under construction, design approval, technical documentation and certification of materials and products. Signing the new agreement were Dr. Sergey S. Koshchy, Senior Vice-General Director of RS, and Antonio Lino Costa, Vice-President of ABS. “Our two societies have a long history of bilateral cooperation and of working closely together as members of the International Association of Classification Societies (IACS),” said Dr. Koshchy. Dr.
APM Terminals Poti to Build Cargo Terminal
APM Terminals Poti and Poti New Terminals Consortium signed a Memorandum of Understanding (MOU) for a USD 100 million dollar investment in a new bulk cargo terminal that can process 1.5 million tons of dry bulk cargo annually and generate new trade opportunities for customers in the Georgian transit corridor. The new terminal is expected to be built on APM Terminals Poti land and infrastructure and will entail the construction, development and operation of a new breakwater, dry bulk cargo terminal and related infrastructure to serve bulk cargo customers.
BIMCO Signs New Agreement with Coast Guard
BIMCO’s President Knud Pontoppidan and U.S. Coast Guard Rear Admiral Craig Bone signed a new partnership agreement at U.S. Coast Guard Headquarters in September 7. The agreement is aimed at enhancing the communication and working relationship between the Coast Guard and the shipping industry. The establishment of the partnership coincides with the development of BIMCO’s guide for seafarers on US Port State Control inspections. Developed in cooperation with the Coast Guard, the guide is aimed at raising awareness amongst seafarers regarding measures implemented on board ships to ensure compliance with MARPOL and SOLAS requirements. The agreement signed represents an expansion of a previous agreement signed in 1998.
Group Ocean Orders Two Damen Workboats
Dutch based Damen Shipyards Group said it has signed a contract with Canada’s Group Ocean for the delivery of two new workboats that will provide dredging support services at an oil sands project in northern Canada. The new vessels, both Modular Multi Cats 1205, are made of standard, container-sized units that enable easy transport. The versatile Multi Cat workboat used in many sectors for operations such as towing and anchor-handling, dive support, marine engineering, offshore energy operations and for dredging and dredging support.
Amclyde Wins Contracts
FGH Engineered Products Group, the equipment segment of Friede Goldman Halter, Inc., announced that its AmClyde unit has signed new contracts in excess of $13.5 million with customers in Freeport, Texas and Abu Dhabi, U.A.E. "AmClyde is very pleased to receive these key orders from our long-standing customer NPCC (National Petroleum Construction Company) of Abu Dhabi in the United Arab Emirates and our new customer Cabett Subsea Products, Inc. of Houston, Texas," said Dick Juelich, AmClyde President. AmClyde has a contract with NPCC to provide a significant operating increase of the lifting capacity and reach for their 2000-ton model 76 marine crane, originally built in 1973.
World Floater Market Is Stable
The floating rig market was showing signs of stability in many of the world's major drilling basins. However, reports Offshore Data Services, demand for older, second-generation units continues to lag. Worldwide, 149 of the existing 179 floating drilling rigs are under contract and fleet utilization for these rigs is 83.2 percent. In its previous Offshore International Newsletter Market Outlook on floaters, which was published in July, utilization was 82.1 percent with 147 of the existing 179 floating rigs under contract. Activity may slack off in the closing months of the year as oil companies formulate their drilling plans for next year.
Norsea Wins Total E&P Norge Offshore Base Contract
NorSea AS signs new contract for the supply of base services related to the development of the Martin Linge oilfield and Total’s oil exploration. Under the contract, valued at approximately NOK 400-million over a contractual period of 8 years + 8 annual options, NorSea will be supplying base services related to project development and operation of the Martin Linge oilfield, and general oil exploration operated by Total. The Martin Linge contract includes supply base services such as loading and unloading, material handling, storage facilities, outdoor storage area, personnel and forklift trucks, plus installation and operation of RFID (radio-frequency identification) technology involved in tracking critical drilling and operating equipment.
FGH Announces $10 Million in New Contracts
FGH Engineered Products Group, the equipment segment of Friede Goldman Halter, Inc., announced that its AmClyde unit has signed new contracts totaling over $10 million with several customers in the international offshore oil and gas sector. AmClyde crane to a new vessel. AmClyde also has a contract from Horizon Offshore Contractors to upgrade the lifting capacity on their existing AmClyde Model 52 marine crane by more than 50 percent. AmClyde is the preeminent designer/builder of the world's largest marine cranes. support services for their new 3,800-ton AmClyde marine crane. services contract. contract from AIOC (Azerbaijan International Operating Company) to provide a template leveling system. a further boost to the backlog of our Engineered Products Group. this group.
Vallianz Signs $458mln Contracts to Extend OSV Charters
Singapore's Vallianz Holdings has signed new contracts worth up to US$458 million (S$628 million) that involve lengthening the charter duration of 19 of its offshore support vessels (OSV) with an existing customer in the Middle East. The 15 anchor handling tug supply vessels and four platform supply vessels will continue to be deployed to the customer until June 2018, with an option to extend for two more years until June 2020. However, the fast growing provider of offshore support…