UK-based developer and builder of marine engines Rolls-Royce has signed a contract for the delivery of 12 azimuthing thrusters to Sanmar Shipyard in Turkey, with an option for additional 30 units. The azimuth thrusters from Rolls-Royce will provide propulsion for 6 tugboats, rising to 21 if the opti
Readers’ Picks of the Week (Nov 16th – Nov 20th)
Cork-based Ardmore Shipping Corporation took delivery of two newbuilding product and chemical tankers, the Ardmore Chippewa and Ardmore Seahawk, on November 13, and November 16, 2015, respectively. Ardmore Chippewa is a 25,233 deadweight tonne, Eco-design IMO 2 product and chemical tanker constructe
Athens-based bulker owner and operator Diana Shipping has completed a drawdown of additional USD 27,9 million from its previously announced term loan facility of up to USD 39,6 million with ING Bank N.V., London Branch. The proceeds, completed through Diana’s separate wholly-owned subsidiary, were s
New York-listed dry bulk specialist Scorpio Bulkers Inc has received a commitment from an unnamed European financial institution for a loan facility of up to USD 12.5 million for its final unfinanced vessel. With this move, the company has now either signed credit facility agreements or received com
International classification society Lloyd’s Register (LR) has been awarded the contract for classification of nine Medium Range (MR) type product tankers ordered by Maersk Tankers at Samsung’s Ningbo yard in China. Construction of the first vessels is due to start in the near future, with deliverie
Weak dry bulk market and consecutive net losses have forced Greek dry bulk shipping company Star Bulk Carriers to further postpone the delivery of four newbuildings. According to the company, they have managed to delay a total of USD 464 million of capital expenditures from 2015 to 2016 and delay ve
Singapore-based Sembcorp Marine has, through its wholly owned subsidiary Sembcorp Marine Rigs and Floaters, secured a contract to design and build a new floating, storage and offloading (FSO) vessel for Modec Offshore Production Systems (Singapore), a subsidiary of Modec, Inc. Scheduled for delivery
Government Orders DSME to Stop Work on LPG Carriers Following the most recent fatal incident at Daewoo Shipbuilding and Marine Engineering’s DSME Okpo yard, the Korean Government has ordered the yard to halt work on… Read More NOL Not a Good Buy for Maersk? The acquisition of Neptune Orient Lines (N
Croatian shipbuilder Brodosplit held a steel cutting ceremony for four 2,000 TEU containerships at their shipyard in Split today, November 12. The ship’s are being built for Brodosplit’s own fleet, to be operated by Brodosplit Navigation, under the company’s restructuring program. The 24,000 DWT ves
German shipping company F.Laeisz GmbH has signed a financial agreement in Beijing with Chinese multinational banking company Industrial and Commercial Bank of China Ltd. (ICBC). Under the agreement, ICBC will provide USD 65 million worth of buyer’s credit to F.Laeisz GmbH for two vehicle roll-on/rol
Croatian tanker owner and operator Tankerska Next Generation (TNG) has secured a one year charter employment for its newbuild product tanker MT Pag. The sixth operational vessel in the fleet, expected for delivery in December 2015, will be chartered out to an undiclosed charterer at approximately US
The deliveries of the four 17,000 cbm LPG/Ethylene carriers ordered by the Bergen-based Odfjell at China’s Nantong Sinopacific Offshore & Engineering back in 2013 will be significantly delayed, the company revealed in its financial report for the quarter ended September 30, 2015, without specifying
Ulstein’s largest offshore construction vessel yet, yard number 302, named Island Venture, has entered the final stage of her sea trials. Island Venture, being built by Norwegian shipbuilder Ulstein Verft for Island Offshore/Edison Chouest Offshore, has been thoroughly tested at sea trials this week
