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Diana Shipping Acquires Capesize Bulker

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from an unaffiliated third party the m/v Churchill Bulker, a 2011 built Capesize dry bulk vessel of 179,362 dwt, for a purchase price of $28.5 million. The vessel, to be renamed Seattle, is expected to be delivered to the buyer by mid-November 2015. Excluding the newly acquired vessel, as well as one new-building Capesize dry bulk vessel expected to be delivered to the Company by mid-November 2015, one new-building Newcastlemax dry bulk vessel expected to be delivered to the Company during the second quarter of 2016, and one new-building Kamsarmax dry bulk vessel and one new-building Newcastlemax dry bulk vessel expected to be delivered to the company during the third quarter of 2016, Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (two Newcastlemax, 12 Capesize, three Post-Panamax, four Kamsarmax and 20 Panamax). As of today, the combined carrying capacity of the company’s fleet, excluding the five vessels not yet delivered, is approximately 4.7 million dwt with a weighted average age of 7.57 years.  


New Bulker, Drawdown Loans Actioned by Diana Shipping

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


Navios Maritime Acquires Newbuilds

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


Diana Shipping Signs Loan Facility with Danish Ship Finance

  Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has completed a drawdown of US$30 million, through a separate wholly-owned subsidiary, under a term loan facility it signed with Danish Ship Finance A/S. The proceeds will be used to partially finance the acquisition cost of a Capesize dry bulk vessel, the m/v Santa Barbara, which was delivered to the Company on January 12, 2015.


Diana Shipping Signs US$75.7 mln Term Loan Facility

Courtesy Diana Shipping

  Diana Shipping Inc. announced that yesterday it signed, through three separate wholly-owned subsidiaries, a term loan facility for up to US$75,734,900 with The Export-Import Bank of China. The purpose of this facility is to partially finance, after delivery, the acquisition cost of two new-building Newcastlemax dry bulk vessels of approximately 208,500 dwt each and one new-building Kamsarmax dry bulk vessel of approximately 82,000 dwt.


Ferries Eligible for Millions in Canadian Funding

Ferry operators now eligible for New Building Canada funding   Ferry operators across Canada applaud new changes made by the federal government that will allow infrastructure projects related to ferries to be eligible for funding under the New Building Canada Fund, according to the Canadian Ferry Operators Association (CFOA).   The original eligibility criteria for the fund, established in 2014, excluded most projects related to ferries


Transas Chosen for Ferry Newbuilds

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).


Wilhelmsen Wins Contract from Meyer Werft

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.


Diana Shipping Extends Charter for Crystalia With Glencore

Crystalia. Photo by Diana Shipping Inc

 Diana Shipping Inc., has, through a separate wholly-owned subsidiary, agreed to extend the present time charter contract with Glencore Grain B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the MV Crystalia.   The charter has been extended for a period of minimum ten months to maximum thirteen months at a rate 43% lower than the original fixture.   The Crystalia (77,525 dwt, built 2014) was fixed at a gross rate of $9,000 daily, minus 5% commission


G E Adds a Kamsarmax Dry Bulk Carrier Jag Ajay

Photo: Great Eastern Shipping

 The Great Eastern Shipping Company took delivery of a new building Kamsarmax dry bulk carrier Jag Ajay.    Great Eastern Shipping Company Ltd has informed the Bombay Stock Exchange regarding a Press Release dated June 30, 2016 titled: G E Shipping takes delivery of a new building Kamsarmax Dry Bulk Carrier "Jag Ajay".    The vessel was ordered by GE Shipping in December 2013 and has been built at Jiangsu New Yangzi Shipbuilding Co. Ltd., P.R. China.


New ATB Builds for Island Tug & Barge

A worker’s torch cuts metal in the raised forecastle that will house the pin rooms. (Photo: Haig-Brown/Cummins)

Over the years Vancouver, BC based Island Tug and Barge (ITB) has refurbished and repowered older vessels and completed new vessels. The company is currently working on its most ambitious and innovative project to date. In its Annacis Island Shipyard


Hapag-Lloyd, Inmarsat Ink Fleet Xpress Deal

Image: Inmarsat

 Global mobile satellite communications services provider Inmarsat has signed a five-year contract with Hapag-Lloyd to migrate all ships directly managed by the shipping line to services enabled for Fleet Xpress.   Hapag-Lloyd, the sixth largest container shipping operator in the world


Four New Expedition Cruise Vessels Ordered

Image: SunStone Ships

SunStone Ships, Inc. and China Merchants Industry Holdings Co., Ltd. (CMIH) have signed a framework agreement for the construction of four expedition vessels with options for an additional six vessels.   The new vessels will be part of the SunStone Fleet and chartered to new and existing


Steel Cut for First Virgin Voyages Cruise Ship

Photo: Fincantieri

A steel cutting ceremony has signaled the start of construction for the first of three new cruise ships for the Virgin Group’s new cruise line, Virgin Voyages.   The three new ships are being built by Fincantieri at its shipyard in Genoa, Italy for scheduled deliveries in 2020


Teekay Renews Shuttle Tanker VSAT Contract

(Photo: Marlink)

Marine energy transportation, storage and production company Teekay will continue to utilize Marlink’s Sealink VSAT solution across its entire shuttle tanker fleet, following a recent contract extension and upgrade.    Teekay


Leco’s New Aquaculture Vessel Launched

Photo: Southampton Marine Services

Southampton Marine Services said it has launched its latest vessel, a new aquaculture service vessel for Leco Marine, at its Ocean Quay shipyard in Southampton.   Designed by Argyll Maritime Design Services, the 23-meter vessel, Alyssa


Two New Builds Delivered to Subsea 7

Seven Arctic (Photo: Subsea 7)

Offshore engineering, construction and services company Subsea 7 said it has taken delivery two new builds: a heavy construction flex-lay vessel Seven Arctic and dive support vessel Seven Kestrel, completing its substantial fleet investment program that has added six newly constructed vessels to


First Steel Cut for Next Italian Navy Newbuilds

Photo: Fincantieri

A steel cutting ceremony was held for the Italian Navy’s lead Multipurpose Offshore Patrol Ship (PPA) at Fincantieri’s shipyard in Muggiano (La Spezia), officially marking the beginning of construction works on the first unit.  


Eighth Lamprell Rig for NDC

Courtesy Lamprell

Lamprell announces the completion of construction on a further jackup drilling rig, the “Al Hudairiyat”, and its delivery to Abu Dhabi’s National Drilling Company (“NDC”), within budget and as scheduled. Completion and delivery of the jackup rig was marked at an


BAE Systems Announces New Submarine Construction Training Facility

Image: BAE Systems Submarines

 Sir Michael Fallon MP, Secretary of State for Defence, visited BAE Systems Submarines today where he learnt about the Company's £25m investment in a new apprentice training facility.   The Company’s site, in Barrow-in-Furness, Cumbria


GasLog LNG Services Selects E-learning Solution

Pictured in the center-left, Mr. Theofanis SALLIS, General Manager of Operations of GasLog in Greece, along with Mr. Ioannis ATHANASOPOULOS (center-right), Managing Director of Seagull Greece. On the far left, Mr. Antonios LIAPPIS, Marine HR Manager of GasLog. On the far right, Mrs. Archontia LENI, Competency Assurance Manager of GasLog. (Photo: GasLog)

LNG tanker shipmanagement company GasLog LNG Services Ltd. has selected Seagull Maritime’s e-learning material & Competence Management platform for use fleet-wide, in manning offices and online, along with the Crew Evaluation System for its main office in Greece.  


Metal Shark Puts First Two Citywide Ferries on the Water

(Photo: Tony Broussard – Berard Transportation)

Louisiana-based shipbuilder Metal Shark said it has put the first two passenger vessels for New York's new Citywide Ferry Service on the water, having splashed the new builds at its Franklin, La. shipyard late last week.   At 7:30 a.m


d’Amico Delays Delivery of LR1 Tankers

Photo:  d’Amico ​Società di Navigazione SpA

 Tanker shipping company d’Amico Tankers agreed with Hyundai Mipo Dockyard Co.Ltd. – South Korea to postpone the delivery of its first newbuilding LR1 (Long Range – 75,000 dwt)from April 2017 to October 2017.   This agreement follows a specific request of an oil major


OCIMF Encourages Adoption of Inert Gas Systems

Andrew Cassels (Photo: OCIMF)

The Oil Companies International Marine Forum’s (OCIMF) latest information paper, released on March 13, addresses the use of inert gas for the carriage of flammable oil cargoes.    In the paper, titled Inert Gas Systems: the use of inert gas for the carriage of flammable oil


Cammell Laird: Polar Ship Contract to Kick-start Exports

Photo: Cammell Laird

British shipyard and engineering company Cammell Laird said it plans to unleash an “aggressive exports drive” in 2017 after one of its busiest years for commercial marine work, which saw it land the biggest shipbuilding project in the U.K. for a generation.  






 
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