Knutsen OAS Shipping of Haugesund, Norway, is no stranger to international shipping circles, with roots back to 1896 when the founder of the Knutsen company bought his first vessel. Today, the company operates one of the most sophisticated and modern fleets of purpose-built shuttle tankers, chemical carriers and product tankers in the world, and is presently operating the largest fleet of purpose-built DP class shuttle tankers in the world. The company has adhered to a hands-on strategy, based on the development of total projects from design to operation. The strategy has, throughout the last 10 years, been implemented with a program of 20 newbuildings worth more than $1 billion. Naturally, this hands-on approach puts the company in a position as a leading developer of advanced technologies to enhance ship safety and efficiency, particularly evident in the area of gas ships. In 2001 Knutsen OAS Shipping launched a new method for transporting gas at sea, the Pressurized Natural Gas, or PNG Carrier. Under development for three years now, an order for a PNG carrier is not yet signed, but progress is being made as the company is working with DNV for class approval, while simultaneously conducting talks with yards and customers regarding a contract to build the innovative vessel. The new system requires "top notch" pipeline welding and inspection technology
V.Ships Agency and TBS Commercial Group are pleased to announce the formation of a Joint Venture in Brazil called V.Ships Lasa Agencies. The new JV, which combines the extensive 'local knowledge' of the LASA network in Latin America with the worldwide agency expertise of V.Ships Agency, will afford existing and future customers a new level of excellence in agency services throughout Brazil. This JV agreement was signed by Alberto Morales Managing Director of LASA Group and Rishi.K
(Photo courtesy of www.eagleships.com) Eagle Bulk Shipping, Inc. (Nasdaq:EGLE) has agreed to acquire a fleet of 26 Supramax vessels for $1.1 billion from the parent of Anemi Maritime Services, a private Greek shipping company. The transaction is subject to completion of customary documentation and closing conditions. "This accretive transaction leverages management's strong industry relationships and reaffirms our commitment to the Supramax asset class
According to a Reuters report, China Shipping Development Co. said it would buy four very large ore carriers (VLOCs) from Chinese shipbuilders for $400m to develop its ore import business. Each ship will have capacity of 230,000 deadweight tonnes, said the company. It said the purchase would be funded from the company's own resources or through bank loans. Last month, China Shipping Development said that in another deal, it would buy four large iron ore carriers for $460m
Mediterranean Shipping Co had exercised an option with Alstom for a second 793-cabin cruise liner to be delivered in 2004. Although Alstom declined to give the value of the contract, industry sources put the value of the liner in the region of 300 million euros ($279.1 million). The company’s Alstom Marine unit now has 11 cruise ships in its order book.
CP Ships has taken the next step in its major fleet re-building program by signing a contract with China Shipbuilding Corporation of Taiwan for the construction of five geared 3,200 TEU containerships. They are designed to be employed in CP Ships' South American services. Delivery of the newbuildings will take place between mid-2002 and early 2003. The ships will measure 243 m long by 32.2 m wide, and will be equipped with 400 reefer plugs and operate at a service speed of 22.5 knots
Great Ship: MSC Linzie Ship Owner Mediterranean Shipping Co. S.A. Ship Builder Hanjin Heavy Industries & Construction Ship Type Containership MSC Linzie is the first vessel of a new vessel type developed and designed by Hanjin which adopts the new Panamax length design of 294.05 m. Apparently the design series and Hanjin's well-established reputation in this niche has proved attractive, as the company has, to date, logged orders for 24 ships of the new design.
As one of the many events taking place at Nor-Shipping 2009, the Fourth International Ship Management Summit features key industry players in a programme conceived to address how the global financial crisis will shape the ship management and operations in years to come. In an industry characterized by declining freight rates and intense competition for cargoes, shipowners are trimming costs, putting pressure on ship managers to offer more affordable services
Broadband Antenna Tracking Systems, Inc. (BATS) has successfully demonstrated an industry-first ship-to-ship wireless broadband communications tracking system integrating its BTS-2500 units with two wireless broadband radios. The demonstration was conducted on the Sea of Marmara for a customer that is seeking a cost-effective communications tracking system with high bandwidth and low latency that can cover great distances for its fleet of ships
Miami Man Convicted for Obstruction of Justice and False Statements for Certifying Ships Safe for Sea. A federal jury in Miami yesterday convicted a Miami-based ship surveyor for lying to the Coast Guard and for falsely certifying the safety of ships at sea, announced Ignacia S. Moreno, Assistant Attorney General for the Environment and Natural Resources Division at the Department of Justice; Wifredo A. Ferrer, U.S. Attorney for the Southern District of Florida; Rear Admiral William D
Reuters - Loss-making France-Corsica ferry operator SNCM, which is partly owned by French water and waste group Veolia Environnement, plans to order four new ships, an SNCM spokesman said on Friday. The spokesman said the board had approved deals for four new ferries
According to multiple media reports including The Sydney Morning Herald (smh.com.au) as well as Ministry of Defense of Ukraine, the the Russian Navy reportedly sank one of its own, junked vessels to create an obstacle, a Ukrainian official claimed.
By Peter Polack, Reuters Twenty-four Cubans were rescued from a rickety wooden boat by a passing cruise liner which took them to the Cayman Islands, ship owner Carnival Corp said, as growing numbers of migrants try to sail to Central America and eventually reach the United States.
China’s aim of 7.5% GDP growth for 2014 is positive news for the shipping market – in particular, dry bulk, the Baltic and International Maritime Council (BIMCO) said in a report published today. Despite being a little down on the 2013 GDP growth of 7
The Chinese and British shipping industries are set to take their mutual cooperation to a higher level following the recent signing of a memorandum of understanding (MOU) reports Xinhua. The MOU was signed by the Lord Mayor of London, Fiona Woolf; the Vice President of the Investment Committee
The Liberian Registry has launched a mobile app to enable owners, managers, operators and others to communicate and interact with the registry on a round-the-clock basis. The FlagState App builds on Liberia’s commitment to provide innovative technology and services to its clients, who own
Private equity co Altor plans to partly sell holding; OW Bunker FY net up almost 50 pct at $63.4 mln. Revenue up more than 20 pct at $16.99 billion. Danish ship fuel supplier OW Bunker plans an initial public offering (IPO) of shares in Copenhagen, it said on Wednesday
Scorpio Bulkers, headquartered in Monaco, report its results for the three months ended December 31, 2013 and for the period from March 20, 2013 (date of inception) to December 31, 2013. Extracts follow: Results for the three months ended December 31, 2013
The ship's doctor on board a Norwegian research vessel in the Gulf of Mexico has been airlifted to hospital by a US Coastguard helicopter, and at the other end of the world, a sailor from an Australian warship remotely located off the country's far northwest coast also needed emergency medical
The P3 agreement between Maersk, MSC, and CGM CMA continues to roil the waters. While the agreement’s pros-and cons are about to be scrutinized in an upcoming meeting between America’s Federal Maritime Commission, the European Competition Commission
Reuters – Chilean shipping firm Compania Sudamericana de Vapores has agreed to plead guilty to a price-fixing conspiracy and pay an $8.9 million criminal fine to the U.S. government, the U.S. Justice Department informs. The Justice Department's anti-trust prosecutors said in a
By Rosa Tania Valdés, Reuters A Russian spy ship slipped into Havana Bay for an unannounced visit during a period of turmoil in Ukraine and displays of military strength elsewhere in the world. The Viktor Leonov SSV-175, part of the Vishnya class of intelligence ships
Albagaia announced is range of Hydrosense Legionella testing kits which are designed to suit the marine industry. Shipping has been increasingly hit by demands of officialdom in health and safety compliance viz a viz Legionella. Vessels failing tests can be stuck in port for days awaiting remedial
Reuters - Yangzijiang Shipbuilding Holdings Ltd, a top Chinese shipbuilder, plans to build more mega container ships for shipowners eager to cut operating costs. Yangzijiang is China's third-largest listed shipbuilder by market capitalisation and has boasted profit margins that dwarf those of
Deltamarin announced a design contract awarded by China Shipbuilding Industry Corporation (CSIC) for the new 37,000 GRT (Gross Register Tonnage) hospital ship to be built for Mercy Ships at Tianjin Xingang Shipyard. Deltamarin’s contract includes approval