Siem Offshore Inc. has entered into agreements with Helix Energy Solutions Group, Inc. to provide two well-intervention vessels. The two vessels shall be owned by Siem Offshore and chartered by Helix for an initial period of 7 years, with options that can extend the charter periods up to 22 years. T
STX Offshore & Shipbuilding Co.Ltd. has launched the second ice class LNG carrier ordered by Sovcomflot OJSC under a long-term agreement with Shell, said Russian Maritime Register of Shipping (RS) in its press release. The first vessel, SCF MELAMPUS, is to be delivered in late 2014, the second one
ASL Shipyard Pte Ltd (“ASLS”) has secured new shipbuilding contracts worth approximately S$97 million for the construction of six vessels. The vessels comprise: • Two units Emergency Response and Rescue Vessels; and • Four units Anchor Handling Tug/Multi-Purpose Supply Vessels. The vessels are secur
Jaya Holdings Limited, has delivered its second new build ice class anchor handling tug supply vessel to Canadian buyers, Atlantic Towing Limited. The 16,000 BHP vessel was delivered on 7 February 2014 in Singapore and was christened the “Atlantic Merlin” at a naming ceremony held earlier today. She
From countries across the globe, including Australia, Canada, the US and Europe, over 500 exhibitors will be at Seawork International, the commercial marine exhibition and conference, opening on Tuesday 10 June for its annual three-day run in the ABP Port of Southampton, UK. Over 7,000 visitors are
After an intensive search of over two years, the insolvency administrator, Berthold Brinkmann, has found a strategic investor for the renowned Sietas Shipyard in Hamburg: Pella Shipyard from Otradnoye near St. Petersburg (Russia) is taking over the company as of 10 March 2014. The purchase agreement
Star Cruises, the leading cruise company in Asia, has placed another contract with German shipbuilder Meyer Werft for a new cruise ship. This vessel will increase Star Cruises’ fleet to eight ships. The order is still conditional on financing. The 150,000-GT newbuilding with building number S. 712 i
AHTS vessel Far Sigma has been delivered today from Vard Langsten to Farstad Supply AS, a wholly owned subsidiary of Farstad Shipping ASA. The vessel will trade the spot market in the North Sea. The long term finance of the vessel is arranged by Eksportkreditt Norge AS in cooperation with GIEK and N
ULJANIK Shipyard launched a newbuild Ro-Ro passenger vessel for the Croatian national shipping company Jadrolinija on January 25th 2014. This is the first of a series of four identical Ro-Ro passenger vessels designed for two-way direct sailing for the transportation of 600 passengers in summer mont
Leading Italian tug operator Rimorchiatori Riuniti has ordered a powerful Damen ASD Tug 2411. Reflecting the industry’s move to larger vessels, the new Damen tug, which has a 70-tonne bollard pull will replace a smaller 1990-built, 40-tonne unit. The new vessel will be deployed in Genoa and is expec
Dorian LPG Ltd. has successfully completed a private placement of 28,182,000 new common shares of USD 0.01 par value at a subscription price of NOK 22 per share, raising NOK 620 million (approx. USD 100 million) in gross proceeds to the company (the “Private Placement”). The company plans to use the
With the recent commissioning of 2 x TCS-PTG22 units at the Miraflores Power Plant in Panama and the successful factory acceptance test of a TCS-PTG20 unit for a 4,700 TEU container vessel ordered by Reederei Horst Zeppenfeld – the second such unit to be installed on board a second such vessel – MAN
ULJANIK Shipyard has launched Ro-Ro passenger vessel for shipping company Jadrolinija. The vessel, bearing the Yard 503, is the first in a series of four identical vessels designed for two-way direct sailing and transportation of 600 passengers in summer months or 320 passengers in the winter period
Nine DSME Vessels Selected as the Best Ships of 2013 Nine vessels built by DSME were selected as the best ships of 2013. As a result of this year’s achievement, DSME has now had more than nine ships selected for the sixth consecutive year. KBR Wins Design Contract for Large Heavy Lift Semisubmersibl
