Star Bulk Carriers Corp. (Star Bulk), announced yesterday the successful completion of the Company’s previously announced $75 million backstopped equity rights offering and concurrent private placement. The company has agreed to use the net proceeds from this offering to enhance liquidity and to par
China International Marine Containers’ (CIMC) shipowning subsidiary, CIMC Financial Leasing ordered five 8,800 TEU newbuildings worth $425m from Jiangsu New Times Shipbuilding on July 24. The delivery of the vessels is scheduled for 2015. The order is placed under the conditions similar to the previ
On July 18th, 2013, Afai Southern Shipyard started simultaneous construction of the four coastal fast rescue vessels, being built for Ministry of Transport. Mr. Yang Xiaoren, the Deputy Director General of China Rescue & Salvage Bureau of Ministry of Transport together with Mr. Sun Dongsheng, the Vi
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 72,800 dwt type Open Hatch Jib Crane General Cargo Carrier M.V. “PETREL ARROW” (MES Hull No. 1838) at its Chiba Works to Gearbulk Shipowning Limited, Bermuda on July 25, 2013. This is the 3rd vessel of its series which has a
Yesterday LNG vessel Hull Number 2556 was delivered by Hyundai Heavy Industries (HHI) and named ‘Yenisei River’ at a ceremony at the HHI shipyard in Ulsan, South Korea. GM&T group will time charter ‘Yenisei River’ from Greek LNG tanker operator Dynagas for several years and will use her to support i
At the end of June, De Telegraaf, the largest newspaper in the Netherlands, concluded its Top 100 competition for Dutch ‘green’ companies. The winners, out of 25 nominees, were Moonen Packaging, Conscious Hotels and Damen Shipyards Group. The top-three greenest companies in the Netherlands were sele
Nanjing East Star Shipbuilding Co., based in China, on Monday hosted a naming ceremony for VOS Fabulous and VOS Fairness, the first two units in a series of six new classed 50m Emergency Response Rescue Vessels (ERRVs), ordered by Vroon Offshore Services in May 2012. VOS Fabulous was christened by M
GasLog Ltd. announced the delivery of the fully owned LNG carrier GasLog Skagen, from Samsung Heavy Industries. The vessel was delivered on budget and ahead of schedule. Immediately on delivery the vessel commenced a medium-term charter to Methane Services Ltd. (BG Group). The vessel is a 155,000 cu
Tsuneishi Shipbuilding Co. Ltd, a shipbuilding company from Japan has received an order to build two Kamsarmax dry bulk carriers for India based shipping company Great Eastern Shipping Company Ltd (G E Shipping). There vessels will be built at the yard’s facility in Philippiines. The contracted ship
Hyundai Heavy Industries Co., Ltd. (HHI), the world’s biggest shipbuilder and a leading marine engine manufacturer, announced today that its electrolysis-based ballast water treatment system, HiBallast, was accepted as Alternative Management System (AMS) by the United States Coast Guard. This comes
Amarcon, a member of the ABB group, announced that it has received an order for two OCTOPUS-Onboard motion monitoring systems for Heavy freight cargo vessels KOREX SPB no.1 & 2 from CJ Korea Express. CJ Korea Express is a result of the merger between Korea Express and CJ GLS. With a head-office in S
Joint Support Ship ‘HNLMS Karel Doorman’ departed Galati, Romania, on July 22nd, and headed to the last stage of construction execution in the Netherlands. It is expected that the vessel will reach Vlissingen in 3 weeks. It has been two and a half years since the keel was laid and the works on the v
The plate-cutting ceremony was held yesterday at the Castellammare di Stabia (Naples) shipyard for the latest generation ferry that Fincantieri is building for Société des traversiers du Québec (STQ), a Canadian company that operates in maritime passenger transport. The ferry, which is scheduled for
Huntington Ingalls Industries’ Ingalls Shipbuilding division announced yesterday it has delivered the final aft peripheral vertical launch system (PVLS) assemblies to the U.S. Navy for the Zumwalt-class destroyer Michael Monsoor (DDG 1001). The two units for the PVLS were delivered a week early. “Ou
