Sovcomflot (SCF Group) announced that it has signed a new USD 700 million seven year credit facility with a consortium of eight leading international banks, including Citibank, N.A., Bank of America Merrill Lynch N.A., BNP Paribas S.A., DVB Bank SE, ING Bank N.V., Nordea Bank Norge ASA and Skandinav
P&O Maritime have been awarded a ten year contract for a new build condensate tanker to support the Stanley field development located in PRL4 in Papua New Guinea. The PRL4 licencees are Horizon Oil (Papua) Limited (Operator), Talisman Energy Niugini Limited and Diamond Gas Niugini B.V. P&O Maritime
U.S. flagged shipper Totem Ocean Trailer Express (TOTE) has released plans to operate some of the largest liquefied natural gas (LNG)-fueled vessels in the world on various routes in North America. On Jan. 22, TOTE will be discussing both their Orca-class conversion project as well as their new cont
China Oilfield Services Limited (COSL) has chosen the Havyard 832 design for renewal of their supply vessel fleet, and has ordered Havyard designs for construction of four vessels. The corporation, listed on the Hong Kong stock exchange, has the largest fleet of oil rigs and offshore vessels in Chin
Today Mitsubishi Heavy Industries, Ltd. (MHI) began construction of the first ship in its “Sayaendo” Series, which it has developed as a new-generation liquefied natural gas (LNG) carrier, at the company’s Nagasaki Shipyard & Machinery Works. The LNG carrier is one of two ships ordered jointly by Os
Scorpio Tankers Inc. announced that it has executed options with Hyundai Mipo Dockyard Co. Ltd. of South Korea for the construction of two MR product tanker newbuildings, and it has also executed a letter of intent with SPP Shipbuilding Co., Ltd. of South Korea for the construction of four MR produc
Vyborg Shipyard is about to start construction of the next Icebreaker of project 21900М. The keel-laying ceremony for 16 MW diesel-powered Icebreaker is scheduled for December 12th 2012. Icebreaker project 21900М is a two-decker of unrestricted navigation with two full-revolving rudder propellers an
Rolls-Royce, the global power systems company, today announced that it has secured a comprehensive US$15 million project management and integrated propulsion and control systems package with Jackson Offshore Operators, for two highly advanced offshore support vessels. The two Guido Perla designed GP
Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has been awarded the Favoured Customer Contract (FCC) from Royal Caribbean Cruises Ltd. (RCL), USA, to provide ship-repair, revitalisation, upgrading and related marine services for its fleet of 41 cruise ships. Royal Caribbean is a global
Nam Cheong Limited, SGX Main Board-listed leading global offshore marine player and Malaysia’s largest Offshore Support Vessel (OSV) builder, launched on December 8 the first diesel electric multi-purpose platform support vessel (MPSV) ever built in Malaysia, the NC800, commissioned by Bumi Armada i
At a large customer event in Korea on 9 November 2012, Hyundai revealed the first, commercial MAN B&W ME-GI engine. The ME-GI is a gas-injection, dual-fuel, low-speed diesel engine that, when acting as main propulsion in LNG carriers or any other type of merchant marine vessel, can burn gas or fuel-
On the 7th of December 2012 the naming ceremony of Anthony Veder’s new LNG carrier took place at the Cruise Terminal in the heart of the city of Rotterdam. The Coral Energy is world’s first direct driven dual-fuel ice class 1A LNG carrier. The development of the Coral Energy started in 2010 in close
BMT Nigel Gee, a subsidiary of BMT Group, has announced recent refurbishment and expansion activity at its offices in Southampton in order to meet a large increase in design work. Operating across four principal market sectors, the naval architectural practice delivers design and engineering service
Austal announced the award of a Fleet Maintenance Services contract by the Sultanate of Oman’s National Ferries Company (NFC). The award of this contract follows a successful competitive tender. Austal had previously held a three-year Vessel Maintenance Services Agreement which concluded in October
