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
Affirming its already strong standing in Asia’s offshore oil & gas support services sector, Pacific Radiance Ltd. has bagged a contract worth up to $100 million for its latest maintenance work vessel (MWV). Under the terms of the contract, the MWV, which joined the Group’s diverse fleet in the first
Nakilat Damen Shipyards Qatar (NDSQ) has signed two Memoranda of Understanding (MoUs) worth approx. $851 million to build seven vessels for Qatar Armed Forces. The MoUs were signed on Thursday 27th March during the DIMDEX event at Qatar National Convention Center (QNCC). Once all the necessary agree
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
Keppel Singmarine Brasil Ltda. (KSMB), of Navegantes, Brazil has recently completed the construction of the SMIT Pareci, the second of a series of six Robert Allan designed RAmparts 2500 tugs, for SMIT Rebocadores do Brasil (Rebras), of Rio de Janeiro. The SMIT Pareci was delivered in December of 20
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
Aker Philadelphia Shipyard ASA has entered into an agreement with Crowley for the sale of AKPS’s profit sharing interests in Hulls 17 and 18 for total cash proceeds of USD 40 million. This sale includes the profit sharing on the two product tankers delivered to Crowley in August 2012 (the Pennsylvan
Huntington Ingalls Industries’ Ingalls Shipbuilding division has received a $497 million fixed-price, incentive-fee contract from the U.S. Coast Guard to build a seventh Legend-class National Security Cutter (WMSL 756). “We have a hot production line with this class of ships, and we continue to get
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
Ulstein has sold design and equipment packages for four ocean going tugs to Niigata Shipbuilding & Repair in Japan. The vessels will be built for the Dutch company ALP Maritime Services. The vessels are primarily designed for towing of large structures over long distances. This is a new market for U
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
Wärtsilä has received a number of new orders for its exhaust gas cleaning systems. In March 2014, Solvang ASA of Norway confirmed the option for Wärtsilä Open Loop Scrubber Systems to be installed aboard another of its LGC (Large Gas Carrier) vessels. This confirmation follows the order that the com
