Category archives for: Top Stories

IHC Merwede Launches ‘AL BAHAR’

IHC Merwede Launches ‘AL BAHAR’

IHC Merwede has successfully named and launched the 23,545kW self-propelled cutter suction dredger ‘AL BAHAR’ C/D HUTA 12 in a ceremony on 8 March 2014 at the company’s shipyard in Kinderdijk, The Netherlands. It is building the innovative vessel for Huta Marine Works, which is based in Saudi Arabia. The ceremony was performed by Ms […]

Top Stories of the Week ( March 3 – March 8, 2014)

Top Stories of the Week ( March 3 – March 8, 2014)

STX in $579m Deal with Navig8 STX Offshore & Shipbuilding Co. has landed a $580 million contract to build twelve Long Range 1 (LR1) oil tankers. Gondan Bags $72m Research Vessel Spanish shipbuilder Astilleros Gondan has won a contract to build ”New Dr. Fridtjof Nansen” research vessel for the Institute of Marine Research (Havforskningsinstituttet) of […]

Star Bulk Takes Delivery of M/V Star Sirius

Star Bulk Takes Delivery of M/V Star Sirius

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, has taken delivery of M/V Star Sirius a Post-Panamax bulk carrier of approximately 98,000 deadweight tons carrying capacity. The Star Sirius is the second of the two modern Post-Panamax bulk carriers to be delivered to the Company, pursuant to […]

Naming of 7th Armada Tanker Set for April

Naming of 7th Armada Tanker Set for April

The 7th Armada tanker which is under construction at Besiktas Shipyard will be named Shovket Alekperova,  Palmali shipping group announced yesterday. The ship will officially be launched at a ceremony scheduled for the 15th of April 2014. The sixth tanker of RST22M Project named Bakhtiar Vahabzade, built by the Besiktas Shipyard for Palmali Group, was delivered […]

Palmali Orders Five Tankers from Armada Shipyard

Palmali Orders Five Tankers from Armada Shipyard

Palmali Group, a shipping company operating in the Mediterranean, Caspian and Black Seas,  has signed a contract with Armada Shipyard for the construction of 5 tankers in accordance with the new series of Armada project RST22M, of DWT 7150, the Group announced yesterday. The contract was signed on the 23rd of December 2013. The delivery […]

Aker Philadelphia Secures Cash for Four Product Tankers

Aker Philadelphia Secures Cash for Four Product Tankers

 Aker Philadelphia Shipyard, Inc. (APSI) has entered into a loan agreement with Caterpillar Financial Services Corporation (Cat Financial) for a USD 120 million loan facility for construction financing on the four product tankers under contract with Crowley Maritime Corporation (Crowley). The loan will be subject to a maximum borrowing amount of USD 58-60 million per […]

Bergen Sells Two Shipbuilding Projects to Kleven

Bergen Sells Two Shipbuilding Projects to Kleven

Bergen Group said in a release today that it has decided to accelerate the process of reducing the Group’s future involvement in the shipbuilding business in favor of a more dedicated focus on offshore related activities. As a part of this process, Bergen Group has entered into an agreement of selling two of the remaining […]

ESG Delivers MV BRAVANTE VI to Bravante Group

ESG Delivers MV BRAVANTE VI to Bravante Group

Eastern Shipbuilding Group, Inc. delivered  the M/V BRAVANTE VI (Hull 156 ) on Friday February 28, 2014 to Boldini S.A., BRAVANTE GROUP of Brazil. The BRAVANTE V (Hull 155), the first in the series, was delivered three months earlier and is currently on charter in Brazil. The BRAVANTE VI is the second STX SV290 design […]

First ‘Oblique’ Icebreaker Starts Sea Trials

First ‘Oblique’ Icebreaker Starts Sea Trials

Arctech Helsinki shipyard began sea trials for the icebreaking rescue vessel Baltika on March 6, 2014. Baltika, to be used in icebreaking, rescue and oil combatting operations in the Gulf of Finland, is the first ship ever to break ice sideways. In oblique mode the vessel is able to generate 50 m wide channel in […]

JES Announces New Options

JES Announces New Options

JES International Holdings, through its wholly owned subsidiary Jiangsu New East Marine Engineering Co. Ltd, has signed an option for the construction of further four Newcastle-max bulk carriers. The value of the vessels signed under the option is approximately $212 million. The option is signed with the same European customer as announced on 28 February 2014. Delivery […]

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