A.P. Møller – Mærsk A/S has today successfully completed a $5.1bn syndicated revolving credit facility with a selected group of 21 banks. The new facility is arranged by the company itself and refinances a $6.75bn facility maturing in 2015. A.P. Møller – Mærsk A/S has consequently proactively addres
This week Uljanik shipyard in Pula, Croatia, began the construction of the Multi-Purpose Vessel JDN8628 which is being built for Jan De Nul Group. This versatile vessel can be equipped with two cable turntables with a total capacity of 10,000 tonnes. For Subsea Rock Installation the vessel can carry
Greek shipowners’ spending in new vessels and retrofits of existing fleet have attracted the global maritime community to Athens once again with the leading ship building nations lining up to showcase their goods at the Posidonia exhibition. At the show, the Japan Ship Exporters’ Association (JSEA)
The parties plan to develop cooperation in various shipbuilding and offshore projects that will give them the possibility to distribute the workload in the most effective way, as well as to offer a wide spectrum of vessels. By the invitation of management of JSC Shipyard Zaliv, the expanded delegati
BMT Nigel Gee (BMT), a subsidiary of BMT Group Ltd, will showcase its portfolio of high performance vessels at this year’s Seawork International exhibition at the ABP Port of Southampton next week. BMT continues to be at the forefront in the design of high performance, customised wind farm support v
BAE Systems has today announced new design contracts for the Type 26 Global Combat Ship, which will play a vital role in the programme to deliver the Royal Navy’s next generation surface warship. Six Design Development Agreements have been awarded covering key areas such as propulsion, ventilation a
Vard Holdings Limited (VARD) has secured a contract for the design and construction of one Offshore Construction and Anchor Handling Vessel for Rem Offshore. The vessel will be of VARD 2 06 design, recently developed by Vard Design in Alesund, Norway. Delivery is scheduled from Vard Brattvaag in Nor
The aim is to develop a new LNG carrier that has a significantly improved environmental footprint and is more energy efficient and better suited to future trading patterns than existing vessels. The project will include the latest technology advances in cargo containment and propulsion efficiency, w
UK-based Rix Sea Shuttle will shortly take delivery of their first ever Damen vessel – a Fast Crew Supplier 2610 – to support their growing involvement in the offshore crew transfer market. The new vessel, the Rix Lion, is due for delivery on July 4, just 6 weeks after signing the contract. “Our yar
Craig Group’s latest Emergency Response and Rescue Vessel (ERRV), the Grampian Dynamic, was launched at Balenciaga Shipyard in Northern Spain on Tuesday 27th of May. This is the first in a series of six new vessels, commissioned by Craig Group in a £70 million investment. Douglas Craig, Chairman and
A symbolic act on the ship lift marked a new beginning for Volkswerft Stralsund yesterday: Berthold Brinkmann, insolvency administrator of P+S WERFTEN, handed over a big key to Nordic Yards. With that, Nordic Yards has now officially taken over Volkswerft. “Volkswerft is one of the most diverse ship
Greek shipowner W Marine Inc. has ordered a series of post-Panamax bulk carriers based on the Green Dolphin 84S design. The design was developed by the Shanghai Merchant Ship Design & Research Institute (SDARI) with support from DNV GL. Managing Diriector of W Marine Inc., Nikolaos Triantafyllakis s
Australian shipping company SeaRoad has reached agreement with a leading German shipbuilder, Flensburger Schiffbau-Gesellschaft (FSG), for the construction of one LNG fuelled roll on–roll off vessel. SeaRoad’s decision to expand its current fleet capacity will provide greater certainty for Tasmanian
By providing a loan in the amount of approximatelly $49.7 million, KfW IPEX-Bank is financing ‘Walk to Work’ vessel which will be used by Nederlandse Aardolie Maatschappij (NAM), a joint venture of Royal Dutch Shell and ExxonMobil. Santander acted as a structuring bank and equity underwriter of this
