Tsakos Energy Navigation Ltd., a crude, product and LNG tanker operator, has closed its successful public offering of 11,000,000 common shares at a price of $7.30 per share. The underwriters also have a 30-day option to purchase up to an additional 1,650,000 common shares. The gross proceeds of the
Turkish Yalova shipyard hosted the launching ceremony of Palmali Group’s new tanker, named ‘Shovket Alekperova’ on April 30, 2014. Palmali is a shipping company operating in the Mediterranean, Caspian and Black seas. The tanker, named after an Azerbaijani singer Shovket Alekperova at the initiative
BW Offshore has signed a contract with Premier Oil for an FPSO to operate on the Catcher oil field in the UK North Sea. The firm charter period of the contract is 7 years, with extension options of up to 18 years. Based on a field life of 10 years, the contract is valued at […]
Croatian shipyard Uljanik celebrated the installation of the main engine in newbuilding 502 on Friday the 18th of April 2014, on its island Slipway No.2. The newbuilding is the second of two contracted ferries (RO-PAX) to date intended for the transport of passengers, trucks and other vehicles in th
Vroon’s VOS Faithful was launched yesterday in China. This 50‑m ERRV (emergency response and rescue vessel) is under construction at Nanjing East Star Shipyard in China. VOS Faithful is the third in a ten-vessel newbuilding programme, with six 50-m ERRVs being built at Nanjing and four 60-m vessels
Dutch yacht builder AMELS currently has nine luxury yachts at its yard. At the largest superyacht facility in the Netherlands, the six new builds and three refit projects range from 49 to 65.50 metres. AMELS CEO Rob Luijendijk commented, “Particularly during the current high level of activity at the
The keel of the first vessel in the series of six Post-Panamax vessels ordered by Höegh Autoliners from Xiamen Shipbuilding Industries, China was laid on April 30. The six Post-Panamax vessels, of the New Horizon design, will be delivered to Höegh Autoliners in 2015-2016. This will be the world’s la
Windwave Workboats will be the launching customer of the Twin Axe Fast Crew Supplier (FCS) 2008, Damen announced. The Twin Axe FCS 2008 is a smaller version of Damen’s successful FCS 2610 which launched in 2011 and has subsequently become the industry standard for the offshore wind market, given its
Following media reports, Rolls-Royce confirmed that it was in talks with Siemens regarding the sale of its Energy gas turbine and compressor business. The business supplies aero-derivative gas turbines, compressor systems and related services to customers in the Oil and Gas and Power Generation sect
Three shipbuilders have been selected by the developers of the “Yamal LNG” project to build sixteen gas tankers for a total amount of five billion dollars. The winners of this mega deal are Russian “Sovcomflot”, Japanese Mitsui OSK and Canadian Teekay LNG, as written by the Russian newspaper Vedomos
Estonian company Marketex Marine has been awarded a contract by the Norwegian company AKVA Group to build the biggest fish feeding steel barge in the world which has a very unique storage capacity. According to business analysts’ forecasts, fish farming is escalating rapidly and it’s predicted the i
Dynamic positioning control systems from Navis Engineering have met performance expectations set out in the sea trials of the innovative multifunctional icebreaking rescue and emergency vessel Baltika. The state-of-the-art icebreaker, commissioned in early April, is fitted with the Nav DP4000 (DP Sy
OSD-IMT, the UK division of Offshore Ship Designers (OSD), has developed a range of innovative new designs of offshore wind-farm service operation vessels (SOVs). The 1,350 dwt IMT972 SOV is powered by two Steerprop SP25 or equal 1900 kWe fixed pitch azimuth propulsion units. There is also an option
DNV GL, the world’s leading ship classification society and one of the world’s leading risk and sustainability service providers, opened a new South China office in Guangzhou on Friday, the 25th of April, to support business growth in the area. Located in downtown Guangzhou, the new, expanded DNV GL
