Korea Finance Corporation announced on July 10 that it signed a USD263 million financing agreement as part of a syndicate which included Korea Development Bank and Kookmin Bank. The agreement is for the purchase of 10 MR tankers by Sinokor Petrochemical Co. Ltd., a mid-sized shipping company in Kore
The FREMM multimission frigate on order for the Royal Moroccan Navy is pursuing sea trials off the French coast in preparation for delivery later this year. In June, French naval shipbuilder DCNS successfully completed a third series of trials to test the performance of the ship’s combat system. The
Hyundai Heavy Industries has delivered to Hamburg Süd the second of the new “Cap San” class, the 9,669 teu container vessel “CAP SAN MARCO”. With a nominal slot capacity of 9,600 TEU, the vessel is among Hamburg Süd’s largest-ever and, with 2,100 reefer plugs, the ship with the largest reefer capaci
Vantage Drilling Company announced today that it proposes to offer $75 million aggregate principal amount of convertible senior notes due 2043, subject to market conditions and other factors. The notes are to be offered and sold only to qualified institutional buyers pursuant to Rule 144A or to pers
Remontowa Shipbuilding S.A. signed a contract on 5th of July 2013 for building two specialist vessels intended for supplying oil drilling and oil mining rigs. The ships will be constructed for one of the biggest Norwegian offshore fleet owners. They have already been contracted for maintenance of a
Cecon has confirmed that the ramp-up and progress at Chantier Davie Canada Inc. for completion of the first vessel is now well underway. The yard confirms delivery of the first vessel “Cecon Pride” to take place during week 8/2014 as per the contract. The sea trials will take place during second hal
Grandweld Shipyards has completed the delivery of two 33.5m Aluminum crew boats for Fujairah National Group. FNSA 1 and FNSA 2, sister vessels of the 33.5m class boats, are an optimized version of the successful in-house design that is built to assist in fast transfer of offshore personnel, deck car
Fincantieri has received an order from Regent Seven Seas Cruises for the construction of a super luxury cruise ship. The new ship will be called “Seven Seas Explorer”. She will be assigned to Sestri Ponente (Genoa) shipyard and her delivery is scheduled in summer 2016. The contract is worth approxim
ABS, a leading provider of maritime classification services, yesterday announced that its registered fleet has surpassed 200 million gross tons. Approximately 12,000 vessels representing 105 flag States currently are registered with ABS. “This important milestone reflects our commitment to providing
On Slipway No.2 of Uljanik shipyard, on July 4, the keel was laid for the first of two contracted ferries (RO-PAX) designed for the transportation of passengers, trucks and other vehicles in the Caspian Sea region, the yard No. 501. The vessel is being built for “State Service of Maritime and River
On Slipway No.2 of Uljanik shipyard, on July 4, the keel was laid for the first of two contracted RO-PAX ferries designed for the transportation of passengers, trucks and other vehicles in the Caspian Sea region, the yard No. 501. The vessel is being built for “State Service of Maritime and River Tr
Grandweld Shipyards has been awarded a repeat order from Zamil Offshore, to build a new 33.5M fast aluminum crew boat. This will be Zamil’s fourth order to Grandweld Shipyards after the successful delivery of three sister vessels in 2012. The new vessel will be based on Grandweld’s in –house superio
The Arbitration Court in Stockholm has now delivered the judgment in the arbitration between Bergen Group and Stocznia Gdansk SA in Poland. The judgment entails that Bergen Group must pay EURO 3.6 million to the hull yard in Poland. Bergen Group will study the judgment carefully before deciding on f
IHC Merwede has announced that it has signed two new contracts for the EPC (engineering, procurement and construction) delivery of offloading system packages for five FPSO vessels (floating production storage and offloading). The first of these packages will be placed on to one of MODEC’s FPSO vesse
