The innovative multi-purpose salvage ice class ship ‘Baltika’ returned to the port of Helsinki on 30 March 2014, after the second stage of sea trials. The equipment adjustment, functional check of main systems and propulsion characteristics have confirmed the readiness of the ship. The ship customer
Croatian shipbuilder Uljanik, one of Europe’s oldest shipyards, has won a deal to build two Product Oil/Chemical Tankers for Trogir Maritime. The contract was signed by the representatives of the two companies on April 1st in the city of Trogir. Under the deal, Uljanik will build two 184m-long and 3
Drewry’s 1Q14 Container Forecaster report highlights that the industry remains in an extended down cycle. This is being accentuated and extended by the constant delivery of new ships. The global cascade is now hurting the balance of the north/south trades. Some of these trade routes have also not li
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels, has signed a contract for the acquisition of two Eco design kamsarmax fuel efficient drybulk carriers. The vessels will have a carrying capacity of 82,000 dwt each and will be built at Jiangsu Yangzijiang Shipbuilding Co
CTruk presented new OWSV designed to safely deal with rougher seas, longer transits and tougher assignments whilst not neglecting the comfort of passengers and crew. Based on a proven workboat design concept, the CTruk EVOC22 is a 22m composite twin-hull with 7.5m beam and 1.25m draft. This innovati
NorSea Group is taking a major step forward in its international involvement by purchasing the Danish base and logistics company Danbor AS. The value of the acquisition is estimated to be around USD 42.5 million and includes in addition to facilities in Espbjerg, Denmark, a total of 370 employees. I
The Mexican Navy and Damen Shipyards Group (the Netherlands) signed another contract for a license, material package and technical assistance of a Damen Stan Patrol 4207. The agreement also includes crew training in the Netherlands. This contract, the sixth patrol vessel of the Tenochtitlan class, u
Havyard’s newbuild 117, the live fish carrier “FS Stormy” was duly named on Saturday 29th March in Fosnavaag town centre. In addition to invited guests, many of the open ship visitors also joined the ceremony. And they got to listen to dashing brass music by Herøy Janitsjar (a janissary / brass band
Paragon Shipping, specializing in the transportation of drybulk cargoes, has entered into a new $120 million credit facility, which will be used to partly finance the company’s two Ultramax newbuildings scheduled for delivery in 2015. The deal was closed with a syndicate of major European banks led
A subsidiary of Klaveness Ship Holding AS, T. Klaveness Shipping AS, has declared an option for the construction of one 80,500 DWT combination carrier at Zhejiang OuHua Shipbuilding Co. Ltd. in China. This puts the total number of orders for combination carrier at Zhejiang OuHua Shipbuilding Co. Ltd
DSME signed a memorandum of understanding with AVEVA for ship and offshore plant engineering software. Through this MOU, DSME and AVEVA will combine efforts to develop software that increases the efficiency of business activities. These two companies will release a software called DACOS-G (DSME Adva
Dutch shipper Universal Marine has placed an order, its biggest yet, for four 2,350 TEU containerships to be built at Sainty Marine Corp. Ltd. The construction of the vessels will begin in 2015, with deliveries scheduled to start from 2016. The total value of the contract is estimated at $166 millio
Subsea construction vessel, Olympic Boa, was named at Kleven Verft on Saturday 29th 2014. Vessel godmother was Iren Bjerkan, married to Helge Røraas, President and Chief Executive Officer at BOA marine services, who has chartered the vessel for the next three years plus options. The charter will beg
BMT Nigel Gee Ltd, a subsidiary of BMT Group, has won a design for the construction of up to eight advanced 26m Windfarm Support Vessels (WSV), to be built by the Australian shipbuilder, Strategic Marine. The vessels are to be built for Njord Offshore Ltd who has already taken delivery of eight BMT
