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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, 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 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


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.


G E Shipping Takes Delivery of Kamsarmax Dry Bulk Carrier

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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


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).


SEVSAT for Entire Varada Marine OSV Fleet

Photo courtesy Strike Zone Communications

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.   


TechnoFibre Moves into New Building

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


Technip Continues Plan to Rebuild Fleet

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’s Dry Dock Arrives in Pascagoula

Floating Dry Dock transported by a heavy lift vessel from the Philippines arrives in Pascagoula (Photo: VT Halter Marine)

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.


Business Booms at Chesapeake Shipbuilding

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)


GulfMark Offshore Records its Highest Ever Q1 Revenue

GulfMark OSV: Image credit the owners

Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever, and we still expect 2014 to produce our highest annual revenue ever."


Zamakona to Build Tug for HPC

Image courtesy Zamakona Yards

Haifa Port contracts 70 t Voith Tug with Zamakona Yards Haifa Port Company (HPC) has awarded the international tender for a new build Voith Schneider tug to Zamakona Yards. HPC has tendered a tug which is a sister vessel of the ones already operating in the harbor


New Joint Venture Targets Nuclear Industry

Cory_Navarm logo web.jpg

International maritime logistics expert Cory Logistics, part of Braemar Shipping Services plc, has formed a joint venture with universal supply chain specialist Navarm Limited to create a single source provider for a full suite of maritime and land based services for the nuclear new build industry


Drydocks World to Build Jack-Up Drilling Rigs

Image Courtesy Drydocks World

Drydocks World, an international service provider to the maritime, oil and gas and energy sectors, announced it has signed an Agreement with Malta Oil & Gas Ltd. for building two unique new jack-up drilling rigs based on Gusto MSC CJ54-X135-A design


IPS Completes Insulation and Fabrication Contracts

Paul Smith

Birkenhead  based engineering firm IPS Marine Fabrications has completed a series of contracts for three ship operators. IPS director Paul Smith said the contracts with Whitaker Tankers, and ferry operators Seatruck and Stena showcased the broad range of fabrication and insulation skills


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


Varadkar Opens Killybegs Coast Guard Station

Irish Minister for Transport, Tourism & Sport Leo Varadkar has today opened the newly-built Coast Guard Station in Killybegs which provides the voluntary crew with top-class accommodation and training facilities. It’s the third new Coast Guard building opened by Minister Varadkar


Canadian Minister of Industry Visits KOTUG

AJ Kooren, James Moore and Paul Jamer

Canadian Minister of Industry, the Honorable James Moore, visited the KOTUG’s Headquarters and sailed on board of the hybrid Rotortug RT Adriaan, the so-called E-KOTUG, in the Port of Rotterdam. The Prime Minister, Stephen Harper and the Minister of Industry


Handling Tug Meets the Sea at Uzmar

Photo: Uzmar

On February 21, 2014, Uzmar Shipyard, also known as “Workboat and Tug Factory” of Turkey, held a launching ceremony for the KOC MUSANED-2, the second of total 6 line handling tugs being built for Kuwait Oil Company’s tug fleet


Gas tanker firm Avance announces Oslo IPO

Gas tanker operator Avance Gas Holding is planning an initial public offering (IPO) and aims to list its shares on the Oslo Bourse in April, one of its owners said on Wednesday, joining a flurry of Nordic firms planning stock market debuts.


Port of Erie Receives $1.52M for Dredging

The Port of Erie is located on the southeast shore of Lake Erie in a natural bay formed and sheltered by Presque Isle peninsula. Its harbor entrance channel is narrow and 29 feet deep. Dredging is a constant concern. In fact, dredging of harbors around the Great Lakes has been a hot button issue


ASRY Slipway Repairs 6 Vessels Simultaneously

Photo: ASRY

ASRY, a ship and rig repair yard in the Arabian Gulf, recently saw six vessels under repair simultaneously on its dual slipways in a sign that the yard’s small and medium sized vessel repair business continues to flourish since the opening of the its state-of-the-art slipways.


Transocean Estimates 18-24 Months to Recovery

Reuters - Transocean Ltd, owner of the world's largest offshore drilling fleet, said it could take up to 18-24 months for demand to recover as customers delay drilling programs. Demand for offshore rigs is tapering as major oil companies trim exploration and production budgets in the face of


SeaCURE Ballast System Earns Type Approval

The Federal Maritime and Hydrographic Agency of Germany (Bundesamt für Seeschifffahrt und Hydrographie- BSH) has granted type approval for the SeaCURE Ballast Water Management System. The SeaCURE system is now a product of Evoqua Water Technologies, formerly Siemens Water Technologies.


Mermaid Marine to Buy Jaya Offshore Businesses

Reutrs - Australian marine logistics firm Mermaid Marine Australia Ltd. said on Tuesday it had agreed to buy the offshore businesses of Singapore's Jaya Holdings Ltd. for $495.96 million in cash to expand its international portfolio. Mermaid Marine


 
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