Diana Shipping Inc. signs MOU to buy a new-building bulk ship from a third party; subsidiaries negotiate term loan facilities. The new-building Kamsarmax dry bulk carrier, to be named Myrto of 82,131 dwt, was built by Tsuneishi Shipbuilding Co., Ltd., Japan, and the purchase price is US$26.5-million. The vessel is expected to be delivered to Diana Shipping at the end of January 2013. Separately, the Company also announced that it signed, through two separate wholly owned subsidiaries, a term loan facility with Nordea Bank Finland Plc, London Branch, and has completed the drawdown of US$20-million. The purpose of this facility is to partially finance the acquisition costs of the two newly built Post-Panamax dry bulk carriers, the m/v "Amphitrite" and m/v "Polymnia", which were delivered to the Company on August 14, 2012 and November 20, 2012, respectively. Including the "Myrto", Diana Shipping Inc.'s fleet currently consists of 31 dry bulk carriers (17 Panamax, 1 Kamsarmax, 3 Post-Panamax, 8 Capesize and 2 Newcastlemax), as well as 2 new-building Ice Class Panamax vessels expected to be delivered to the Company during the fourth quarter of 2013
Navios Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, announced the delivery of a new build Capesize vessel and the agreement to acquire another new build Capesize vessel. The Navios Antares, a 169,059 dwt Capesize vessel, was delivered to Navios Holdings' owned fleet on January 20, 2010 from a South Korean Shipyard. Navios Holdings agreed to acquire a new build Capesize vessel of 180,000 dwt
Wilhelmsen Marine Engineering won an order from Meyer Werft in Germany to finalize the cruise ship AIDAblu and two new cruise vessels, NB689 (unnamed) and NB690 (unnamed) being built for the German cruise operator, AIDA Cruises. Under the terms of the deal, Wilhelmsen Marine Engineering's subsidiary, Wilhelmsen Callenberg Fläkt will deliver heating, ventilation and air conditioning (HVAC) systems and related engineering services. The order has an estimated value of EURO 10.4 million.
Transas signed a contract with Uljanik shipyard, Croatia, to equip four ferry new buildings with its onboard navigation systems. The contract will be implemented before the 2006 and the first ferry is scheduled for commissioning at the beginning of 2005. Each ferry will be fitted out with GMDSS equipment, ARPA/Radar system, Automatic Identification System, autopilot, gyro- and magnetic compasses, log, echo sounder, Global Positioning System (GPS) and Ship Security Alert System (SSAS).
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Kamsarmax dry bulk carrier “Jag Aditi”. The vessel of about 80,700 dwt was built at STX Offshore & Shipbuilding Co.Ltd, South Korea. With the induction of “Jag Aditi”, the Company’s fleet stands at 35 vessels, comprising 27 tankers (10 crude carriers, 16 product tankers, 1 LPG carrier) and 8 (1 Capesize, 2 Kamsarmax, 1 Panamax, 3 Supramax
Ship Equip announced a contract with Varada Marine to install its SEVSAT (Ship Equip VSAT) maritime broadband solution on the company’s entire fleet of Offshore Supply Vessels. Varada Marine, a company with its head office in Kristiansand, Norway, has announced an extensive new building program at ABG Shipyard Ltd in India. Deliveries of SEVSAT systems will commence in step with the new building program, with the first system already delivered to the yard.
Technip has reached several new milestones in relation to its strategy to renew and develop the Group’s subsea construction fleet. Technip has signed agreements with Norwegian ship owner, DOF, which provide commitments with respect to two of its new build vessels. First, Technip is teaming up with DOFCON, a subsidiary of DOF, for the joint ownership and management of its new build DP III DSV. This vessel will be mostly dedicated to the support of the Statoil frame agreement signed with
VT Halter Marine Inc, a subsidiary of VT Systems Inc., announced the arrival of a 12,000 MT Floating Dry Dock transported by a heavy lift vessel from the Philippines. The dock dimensions are LOA- 546 FT x B 128.5 FT x D 46 FT. The dry dock is part of an overall expansion plan to the south yard in Pascagoula where VT Halter Marine is adding a repair facility for semi-submersible drilling rigs and Panamax-size ships.
TechnoFibre of Singapore has moved into a new building on its existing location in Jurong, Singapore. Its new boat yard boasts a 10,000 sq. ft. covered workshop and a storage yard of 20,000 sq. ft. It has also developed its waterfront berthing area to facilitate the testing of lifeboats, such as speed, drop and water spray testing. Its waterfront boat yard allows the larger Tendor lifeboats workboats from cruise and naval vessels to be landed ashore for repairs and maintenance
According to a report from WTOP.com, Salisbury, Md. based Chesapeake Shipbuilding is planning to build its third new prefabrication facility on its property on the Wicomico River. Company spokesman Charlie Robertson said an old building on the property was torn down August 19 and construction will begin on the new building in a month or two. (Source: WTOP.com)
Canada’s Shea announces a $1.8 million contract for Tignish Harbor; contract awarded to Gaudette's Transit Mix Ltd. The Government of Canada has awarded a $1.8 million contract through a public tendering process to Gaudette’s Transit Mix Ltd
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from an unaffiliated third party seller, a newbuilding Capesize dry bulk vessel of approximately 180,000 dwt
Sharjah Ports Authority and Damen Shipyards celebrate keel laying of two new vessels Sharjah Ports Authority and Damen Shipyards officially celebrated the keel laying of two new vessels on December 11 at Damen Shipyards Sharjah, the Dutch group’s new facility
There’s a new vessel design needling this competitive little shipping town. Still unknown in design circles, the “porpoise-nosed” TwinBow is brainchild to local start-up OilCraft and its wunderkind chief exec, Stian Teige, a self-taught computer renderer.
Norwegian Cruise Line Holdings Ltd. (Nasdaq:NCLH) announced today that Jason Montague has been named President and Chief Operating Officer of Prestige Cruise Holdings, Inc. effective today, following the resignation of Kunal S. Kamlani.
The OECD should be cautious about becoming involved in the question of what constitutes an ‘eco-ship’, the International Chamber of Shipping (ICS) said to governments in Paris today at a meeting of the OECD Working Party on Shipbuilding.
On 21 November 2014, Hamburg Süd laid the foundation stone for the extension to the shipping company’s headquarters in Hamburg. The new building is going up at Willy-Brandt-Straße (WBS) 63 and 65 on the plots adjacent to the traditional Hamburg Süd head office (WBS 59
An international association has been created to facilitate and promote wind propulsion for commercial shipping worldwide. The founding members of a new association for the shipping industry have announced the establishment of the International Windship Association (IWSA)
JK Fabrication (Nordic Machine) wins emergency tow reel order from Olympic Tug and Barge Olympic Tug and Barge, a Harley Marine Services Company, has selected four JK Fabrication emergency tow storage reels for new barges being built at Zidell Shipyard in Portland (the first two) and Vigor
Bestobell Marine, part of the President Engineering Group Ltd. now offers both butt weld and flanged connections for all its Globe and Check valves. These valves range from small (DN15) to large (DN350). Valves with flanged connections are particularly in demand with the Japanese and Korean
As part of a $2.3 billion newbuilding program, United Arab Shipping Company (UASC) has reached an agreement with Jotun for the provision of antifouling coatings for 11 new container vessels. The agreement marks the first time the companies have worked together on marine antifouling hull coatings
Imtech Marine equipped the first LNG-Hybrid Barge with green technology by order of Becker Marine Systems. The LNG-Hybrid Barge, which will supply the AIDA cruise fleet with energy in Hamburg, is fitted with Imtech Marine’s electrical solutions and fire extinguishing equipment
The global shipping market is unlikely to see a recovery during the next two years as it grapples with an oversupply of vessels, the chairman of China's largest shipping group said on Wednesday. The sector has been battling overcapacity since the 2008 financial crisis because new vessels
Jack-Up Barge has recently placed an order with Malaysian-based Asian Offshore Services (AOS) for additional Zone 2 blast-rated Temporary Living Quarters (TLQs). Ronald Schukking, Technical and New Building Director at Jack-Up Barge, said of the order
Evergas has reached an agreement with INEOS to expand its new-building series of ethane/multigas vessels from six to eight units. In January 2013, Evergas announced for the first time that it had secured shipping agreements of up to 15 years with INEOS for the worlds’ first transatlantic