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Two Vessels

A/S Dampskibsselskabet TORM Orders Two More Newbuildings

Dampskibsselskabet TORM (TORM) a shipping company specializing in the worldwide commercial operation of a fleet of tankers and bulk carriers, has signed a contract with Dalian New Shipbuilding Ltd. in the People's Republic of China for construction of two high specification 110,000 dwt Aframax (LR2) product tankers. This order is based on the two options granted when TORM placed the initial order for two vessels in June 2003. TORM has an option for a further two vessels. ADVERTISEMENT The two vessels are due to be delivered in 1st and 2nd quarter 2007, and represent the latest additions to the substantial newbuilding program initiated in 1999. The seven remaining newbuildings will be delivered in 2003-7 and represent an investment of more than $250 million. This order underlines TORM's commitment to a strategy based on owning and operating, in cooperation with its pool partners, a product tanker fleet among the most modern and technologically advanced in the world, aimed at offering customers the capacity, flexibility and quality required.


General Maritime-Genmar Defiance Update

General Maritime Corporation (NYSE:GMR) announced that a jury in the Southern District of Texas federal court returned guilty verdicts against two vessel officers of the Genmar Defiance, one of the company's wholly-owned Aframax vessels, and GMM Portugal, a subsidiary of the company, on two counts for violating the Act to Prevent Pollution from Ships and 18 USC 1001, respectively, in connection with an investigation and trial previously reported by the company relating to potential failures by


Bocimar Expands Fleet, Buys 3 Ships

CMB confirms that its subsidiary Bocimar International has acquired three capesize newbuilding vessels for a total purchase price of $188 million. The first vessel, SWS 1028 (Shanghai Waigaoqiao Shipyard) - for which Bocimar concluded a three-year time charter contract in April 2005 - is obtained from Teh Hu (Hong Kong). It concerns a 175,000 dwt newbuilding that will be delivered in the third quarter of 2006. The other two vessels, SWS 1048 and SWS 1049, have been bought from


Keppel Hitachi Zosen Garners $161 Million Contract

Singapore-based ship repairer Keppel Hitachi Zosen Ltd said on Monday it won a contract worth about $161 million to build four cable-laying and repair vessels for TyCom Ltd. The company said in a statement that each of the 7,800 dwt ships would be used for installation and maintenance of the Tycom Global Network, a worldwide undersea fiber optic system being deployed by TyCom. Keppel Hitachi had already been awarded an earlier contract in April for two cable-laying and repair vessels


AUSTAL USA Launch First Two Vessels

Within a busy 18 day period, Austal USA have launched their first two vessels, Anapaula and Veronica from the new, high-tech facility in Mobile, Ala. The 120 man workforce watched with pride as on December 2 and then December 20 each of the vessels made its way onto the launch barge supplied by part owner, Bender Shipbuilding and then on to a dry-dock for floating off. The Austal USA team who have produced these two vessels in just 8 months in the large construction hall on the edge of the


Consilium to Supply Two Princess Cruise Ships

Fincantieri and Princess Cruises have chosen Consilium to outfit the new 141,000 GT under construction, Royal Princess, and her yet-to-be-named sister, with the safety system in compliance with the latest regulation "Safe Return to Port". The two vessels are prototype ships for Princess Cruise brand. At 141,000 gross tons with a maximum passenger capacity of 3,600, they will be the largest cruise ships ever built by Fincantieri and the flagships of Princess Cruises fleet. 


NLNG Buys Two Gas Vessels

Nigeria Liquefied Natural Gas (NLNG) purchased two vessels owned by Duke Energy to transport gas from the Bonny LNG plant. The company said it had long-term chartered the ships in 1995 for 22.5 years with provisions for an extension or outright purchase within the period 2001 and 2006. The company is exercising the right to buy the vessels outright one year ahead of schedule. The $3.8 billion Bonny plant in southeast Nigeria began LNG production in October.


WSF Bremerton on One-Boat Schedule

Washington State Ferries (WSF) announced that the Seattle/Bremerton ferry route is operating with one vessel after one of the route’s two vessels was pulled from service early in the morning on Feb. 8. The 144-car Yakima sustained damage and began taking on water after a hard landing and was immediately removed from service. The U.S. Coast Guard and Washington State Ferries are both conducting investigations into the incident


Zim Receives New Container Ship

According to Reuters, Israeli shipping firm Zim, a unit of holding company Israel Corp., has received the first of 12 vessels it had ordered to meet an anticipated surge in demand as the global economy recovers. Zim said the new ship, Zim Los Angeles, had a capacity of 8,400 containers, and that a second ship with a capacity of 10,000 containers, Zim Djibouti, would be delivered in two weeks. Zim said the two vessels, built by Hyundai Heavy Industries


Kiel-Canal Closed Due to Collision

Photo: Kiel Canal

Due to a collision of two vessels at Brunsbttel on the western end of Kiel-Canal between siding Kudensee and Brunsbüttel Innerharbour, the Kiel-Canal has been closed since 3:45 a.m. local time October 28 . Salvage operation are ordered, and westbound vessels presently inside the Kiel-Canal are stopped. The period of closure is presently unknown. gac.com


FSL Trust Sees First Quarterly Profit Since 2011

Photo: FSL Trust

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust) has generated a profit of  $1 million for the 2Q of the 2014 financial year. This profit compares to a $7.2 million loss for the 2Q’s corresponding previous year


TEN Charters Out Suezmax Tankers

Nikolas P. Tsakos, President and CEO of TEN (Credit: TEN)

Tsakos Energy Navigation Limited (TEN) announced the chartering of two of its modern Suezmax tankers with a European oil major for 24 and 12 months, with charterer options for another 12 months for each vessel at a base rate with profit sharing


Tsakos Energy Navigation Ltd to Build LR1s for Oil Major

TENs LR1

Tsakos Energy Navigation Limited (TEN) announced today the chartering of two of its modern Suezmax tankers with a European oil major for 24 and 12 months respectively with charterers options for another 12 months for each vessel at an accretive base rate with profit sharing


OSV Hull Arrives at Havyard's Leirvik Yard

NB118: Photo Havyard

Havyard says that newbuild number 118 has arrived from Turkey at the yard in Leirvik, being the first of two vessels that will be outfitted to provide service and maintenance for offshore wind power installations. After a month on tow from Turkey, where the hull was built


DMC Builds the Smallest Ever Nozzle

Photo courtesy of Damen

Damen Marine Components (DMC), part of Damen Shipyards Group, announced it has smashed its propeller nozzle world record by 33 percent downwards. This downsizing to an inside diameter of 665 millimeters only - from the previous 1,000 mm ‘entry level model’ - marks a new milestone for


Bolidt Decking, Flooring for Viking Cruise Flagship

CGI of the Viking Star

Bolidt Synthetic Products & Systems has secured a contract as exclusive partner to Viking Ocean Cruises for the supply of decking and flooring. The contract covers Viking Star, the first vessel due for delivery in 2015 and its sister ship, Viking Sky, scheduled for delivery in 2016


Search for Flight MH370: Update

Fugro Equator stern view: Image courtesy of Fugro

Australia's Joint Agency Coordination Centre (JACC) says that a bathymetric survey of the 60,000km2 search area is well underway, with two vessels, the Australian-contracted Fugro Equator and the Chinese survey ship Zhu Kezhen, mapping the ocean floor


Scorpio Tankers Report Q2, 1H 2014 Profit Slip

Scorpio tankship: Photo courtesy of the owners

Scorpio Tankers Inc. has reported its results for the three and six months ended June 30, 2014. Highlights excerpted here as follows: Results for the three months ended June 30, 2014 and 2013 For the three months ended June 30, 2014, the Company had a net loss of $0.6 million, or $0


Diana Containerships Q2 & 1H 2014 Financial Results

Diana Containership: Image courtesy the owners

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014, compared to a net loss of $5.0 million for the respective period of 2013


Rosneft to Carry Out Ecologic Fishery Research in Laptev Sea

Laptev Sea

  For the first time in history of Arctic Rosneft will carry out integrated ecologic fishery research on three licensed sites (LS) of Laptev Sea: Anisinsko-Novosibirsky, Ust’ Lensky and Ust’ Oleneksky. The Program of ecologic fishery research realization is the first and


TUI Cruises Expands to Six Ships by 2017

Credit  - TUI Cruises

TUI AG and Royal Caribbean Cruises are substantiating their expansions plans for their joint venture TUI Cruises. The Mein Schiff fleet shall grow from now three to six ships and then 14,000 beds by 2017. TUI Cruises is strengthening its already sound and dynamic position in the German cruise


Diana Containerships to Buy Two Post-Panamax Vessels

diana containership logo.png

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, announced that it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated third party two Post-Panamax container vessels


Canada Launches Surveys Prior to Arctic Shelf Claims

Icebergs: Photo Canadian Govt.

The Canadian Government informs that  David Wells, Senator for Newfoundland and Labrador witnessed the departure of the 'CCGS Terry Fox' from St. John’s, Newfoundland and Labrador, as it headed out on a six-week scientific survey to collect data needed for Canada’s Arctic


MJP, SwiftShips Team up on GoM Crewboat

Rodi Marines Riley Claire

The sea trials of Rodi Marine’s crewboat, the M/V Riley Claire, have given Marine Jet Power a major breakthrough in the Gulf of Mexico crewboat market. The trial results show that all performance predictions were reached.   


COSCO Zhoushan to Build Two Panamax Bulkers

Bulk carrier anon: File photo

COSCO Corporation (Singapore) says that its subsidiary COSCO (Zhoushan) Shipyard has secured a contract valued over USD56 million from an Asian buyer to build two 64,000 dwt bulk carriers. The two vessels are scheduled for delivery in 4Q2016 and 1Q2017 respectively.






 
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