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Saturday, January 20, 2018

Six Vessels News

Concordia Maritime Charters Two More MR Vessels

Image: Concordia Maritime

Swedish tanker owner Concordia Maritime has chartered in two more MR (ECO) vessels, while also extending the contracts for two of the currently chartered MR (ECO) vessels by a further year. A contract to charter out the P-MAX tanker Stena Performance has also been signed. The contractual partner is a large global oil company and the vessel will be used primarily for niche traffic in the Middle East. As with previous charters, these latest contracts are joint charters with Stena Bulk, and Concordia Maritime’s share amounts to 50 percent.

Maritime Piracy Activity is at a 22-year Low -Report

In March 2017 fuel tanker Aris 13 was attacked by armed pirates off the coast of Somalia (Photo: EU NAVFOR)

Global maritime piracy activity fell to its lowest level in over two decades, according to the latest International Maritime Bureau (IMB) report. The 180 incidents of piracy and armed robbery against ships reported to the International Chamber of Commerce’s (ICC) IMB in 2017 was the lowest annual number since 1995, when 188 incidents were reported. According to the IMB, pirates boarded 136 vessels in 2017, while 22 attacks were attempted, 16 vessels fired upon and six vessels hijacked.

NLNG Adds New Vessels

Image: Nigeria Liquefied Natural Gas Limited

The Nigeria Liquefied Natural Gas Limited (NLNG) will this month receive the last of the six new vessels it bought for the transportation of liquefied natural gas (LNG) to various parts of the world, says a report in The Nation. Five of the six vessels were already delivered between November last year and March this year, said NLNG Managing Director, Babs Omotowa. He added that  the acquisition of the new ships became imperative as Train plant approaches nameplate capacity and…

Nordic American Offshore Order One More Ulstein PSV

Six Blue Ships: Image courtesy of Ulstein

Nordic American Tankers' new company, Nordic American Offshore Ltd. (NAO), has extended its preliminary option purchase agreement with Ulstein from six Blue Ship PSV's to seven. The project as described in the earlier Nordic American Tankers' press release, has been expanded to seven PSV vessels, with the option for delivery of this seventh vessel during the spring of 2015. The six vessels are of the PX121 type, and were designed and constructed by Ulstein in 2012-13. The price for the delivered 6 vessels is about NOK 270 million each - about USD 45 million per unit.

Great Eastern Company cancels Ship Order

According to a report on www.myiris.com, Greatship Global Offshore Services (GGOS), a Singapore incorporated subsidiary of the company`s subsidiary - Greatship (India) (GIL), had signed contracts for two new building multipurpose support vessels (Builder`s Yard No. 26775 and 26784) with Mazagon Dock, Mumbai in September 2007. GGOS has now cancelled the shipbuilding contract for one of these multipurpose support vessels, with Builder`s. Yard No. 26784. With this cancellation, the order book of GIL and its subsidiaries stands at six vessels and one 350 feet jack up rig in Dubai. The six vessels comprise of one MSV in India, three ROVSVs in Sri Lanka and two 150 TBP AHTSVs in Singapore. (Source: www.myiris.com)

ABS Nautical Systems Continues Growth in Greece

AB Maritime, Inc. a bulk carrier company based in Piraeus, Greece, will implement ABS Nautical Systems’ NS5 Enterprise fleet management software. The contract includes six vessels, two of which are ABS-classed newbuilds that qualify for free software licenses under the ABS Newbuild Program. The company will also implement Hull Inspection, Maintenance & Repair, HSQE, Purchasing & Inventory, Crew Manager and Vetting on all six vessels. AB Maritime, Inc. is currently using another system to manage their vessels; however they believe that the NS5 Enterprise platform will provide the flexibility they require to handle their requirements going forward. National Energy Transportation S.A.

NewLead Dropdown of Six Vessels

NewLead Holdings Ltd. (NASDAQ:NEWL) announced it has completed the dropdown of six vessels (four drybulk vessels and two product tankers) and Newlead Shipping S.A., an integrated technical and commercial management company, from Grandunion Inc. In connection with this transaction, NewLead transferred to Grandunion 8,844,444 shares of NewLead's common stock and assumed existing liabilities. Michael S. Zolotas, President and Chief Executive Officer of NewLead Holdings Ltd., stated, "The successful closing of this transaction is another step in transforming NewLead Holdings. The six vessels have quality time charters and are expected to add approximately $19.4m in EBITDA annually." Zolotas continued, "Newlead Shipping S.A.

TRTH Shipping Operating at Full Capacity

Trai Thien USA (OTC Markets:TRTH) today announced that its six vessels are operating at full shipping capacity. The six vessels realized 26 trips in the first quarter 2012, and are projected to make a total of 120 intra-regional voyages for the 2012 fiscal year. When factoring in down time for scheduled maintenance and repairs, a TRTH vessel completes a commercial voyage every 18 days on average. The full operational capacity status reflects the ability of Company management to fulfill its long-term plan of becoming a key player in inter-ASEAN cargo shipping. Management is demonstrating a concrete ability to maintain consistent year-round revenue growth by strategically limiting the impact of seasonal factors through the diversification of cargo-related risks.

Hvide Marine Sells Six Vessels to Tidewater

Hvide Marine Inc. signed an agreement in principle with Tidewater Inc. for the sale of six offshore support vessels for $22 million. The price includes the assumption by Tidewater of Hvide's remaining obligations for the cost of construction of three of the vessels that have not yet been delivered. The transaction, which has been approved by the Board of Directors of both companies, is subject to customary conditions, including the negotiation of definitive agreements, and is expected to close in early July. The six vessels being sold to Tidewater are part of the company's Seabulk Offshore fleet and include three vessels currently in operation - one 205-ft. platform supply vessel and two tractor tugs - and three 152-ft crewboats currently under construction.

SeaArk Granted Six Vessel Contract

Aluminum work and patrol boat builder, SeaArk Marine, was granted a contract by the U.S. Navy to construct six 40 ft. (12.1 m) Dauntless Class Patrol Boats. The boats are being bought by the Department of Defense - backing the PERU Riverine Program. The six vessels will be operated in Peru along the Amazon River, as well as other river systems, while the Peruvian Coast Guard will utilize the vessels for patrol and drug interdiction. With delivery scheduled to occur from June through November 2000, each SeaArk will include twin diesel inboard engines, comprehensive electronics package, berthing for four and weapons mounts.

SeaArk Granted Six Vessel Contract

Aluminum work and patrol boat builder, SeaArk Marine, was granted a contract by the U.S. Navy to construct six 40 ft. Dauntless Class Patrol Boats. The boats are being bought by the Department of Defense - backing the PERU Riverine Program. The six vessels will be operated in Peru along the Amazon River, as well as other river systems, while the Peruvian Coast Guard will utilize the vessels for patrol and drug interdiction. With delivery scheduled to occur from June through November 2000, each SeaArk will include twin diesel inboard engines, comprehensive electronics package, berthing for four and weapons mounts.

ABG Shipyard Wins Orders from Sea Tankers

ABG Shipyard Ltd has bagged a repeat order for construction projects from Sea Tankers Management Company Ltd. The company would construct six anchor handling tug vessels each for a price of $9.99m aggregating $59.94m, for Sea Tankers, a part of John Fredriksen's Group. The six vessels will be delivered at an interval of three months each beginning from December 2007, and ending March 2009. With this repeat order for six more vessels the company has an order for total 12 vessels from Sea Tankers Management Company Ltd. (Source: Hindu Business Line)

Nordic Shipholding Rebounded in 2014

Danish ship owner Nordic Shipholding turned a profit in 2014 following its 2013 restructuring, the company announced today. The company earned a profit of $2.3 million in 2014 due to improved earnings and a one-off gain of $5.2 million arising from the reversal of impairment loss on the Nordic Anne, a 73,750-dwt tanker. Excluding this gain, the Group incurred a net loss of USD 2.8 million for 2014. The company was $58 million dollars in debt when it entered a conditional restructuring agreement with Nordic Maritime, which was completed in December 2013. Since then, all six vessels were transferred to separate wholly-owned legal entities in Singapore.

BSM to Manage 6 Maersk Line Box Ships

Photo: Maersk Line

Bernhard Schulte Shipmanagement (BSM) announced that it will take over full management of six containerships on behalf of Maersk Line A/S. Presently managed in-house by Maersk, the six vessels ranging in size from 2,500 to 11,000 TEU. Over the next five years, BSM’s Ship Management Center in Hamburg, Germany will be responsible for all aspects of management including crewing, technical operations, safety performance, environmental performance and energy efficiency.

STX Shipbuilding wins $373m Order from India

The STX Shipbuilding Co., South Korea's seventh-largest shipbuilder, has won a $373m order to build six petrochemical goods carriers for a shipping company in India. The order, which accounts for 30.7 per cent of STX Shipbuilding's sales last year, calls for the Korean shipbuilder to deliver the six vessels to India's Shipping Corp. by July 2010, the company said in a statement. Source: ANTARA

Aker Yards Gets Contract for Multi-Purpose Vessels

Aker Yards in Ukraine (Damen Shipyards Okean) has been awarded a contract for delivery of three multi-purpose vessels by the Ukrainian shipping company JSSC Ukrrichflot. The yard has previously built six vessels in the same series for the company, and an additional three vessels are currently under production. The vessels are expected to be delivered between April and November in 2009. The total value of the contract $33.6m.

Wärtsilä to Power Six New Pipe-laying Vessels

Wärtsilä has been contracted to supply integrated power solutions to six new offshore Pipe Laying Vessels (PLVs) being built for operation in Brazilian waters. The majority of these orders were booked before the second quarter of 2012. The PLVs will be operating for the Brazilian multinational corporation Petrobras for the construction of pipelines from offshore oil rigs to the mainland. The six vessels are to be built by three different companies at yards in the Netherlands, Brazil and South Korea. The Wärtsilä solutions selected for the six vessels include design, main engines, and propellers and will be delivered during the fourth quarter of 2012 and the first quarter of 2013.

MSC Adds Direct Call at Hazira

File photo: MSC

The Mediterranean Shipping Company (MSC) said it has adjusted coverage on its South Africa service with the introduction of a weekly direct call at Hazira, in addition to Nhava and Mundra. MSC’s updated India-South Africa service port rotation is as follows: Salalah - Jebel Ali - Bin Qasim - Mundra - Nhava Sheva - HAZIRA - Colombo - Port Louis - Durban - Coega - Salalah. The South Africa service operates with six vessels with vessel capacity of up to 5,400 TEU. The first MSC vessel to call Hazira will be MSC Valencia IZ 611, expected to arrive April 9, 2016.

MOL Launches Additional Indian Run

The new ChinaWest Coast India service  Courtesy MOL

Mitsui O.S.K. Lines (MOL) announced launch of the new China/West Coast India service (CIS). This new service is in addition to MOL’s existing Nhava Sheva Karachi Express (NKX) service which together will enhance coverage between ports in India and China, Singapore, Malaysia and Sri Lanka.

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 during 2013 and the first half of 2014.    

TOP Ships Closes Fleet Sale

TOP Ships Inc., an international maritime shipping company, announced the closing of its previously announced transaction pursuant to which the company has sold the shipowning subsidiaries which own the six vessels of the company's fleet to an affiliate of the AMCI Poseidon Fund LP, for an aggregate cash consideration of approximately $173 million less approximately $135 million in debt and swap obligations of the Company assumed by the buyers. The company intends to use the net proceeds of the sale to pay down existing liabilities on its balance sheet and…

Concordia Maritime Stena Paris

Concordia Maritime took delivery of the MR tanker Stena Paris built at Brodosplit Shipyard in Split, Croatia. Stena Paris is the first P-MAX tanker in a series of six vessels built at Brodosplit Shipyard. Stena Paris is on a five year charter to the French oil company TOTAL.

STX to Build 6 for National Maritime Transport

Accoring to reports, Atiya Salem, deputy chairman of NBE Board of Directors said that National Maritime Transport Co. has placed an order with STX Shipyard of South Korea to build six vessels of 81,000 tons & 86,000 tons capacity valued $251.6m under finance from National Bank of Egypt (NBE).

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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