News

Maritime investment firm Tiger Group could “very easily” buy as many as 50 large containerships in the next two years, betting that the box ship industry will see the most growth in traditional freight markets, the firm’s managing director said.

JD35000-1, the first of two Graig’s owned 35,000dwt newbuilding has been successfully launched at JiangDong shipyard, Wu Hu, China.

The Al Samriya LNG carrier, with a capacity of 263,000 cubic metres, is due to arrive in the UK’s South Hook terminal October 1, according to the Milford Haven Port Authority website.

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered 177,000 dwt type bulk carrier, M.V. “CAPE CELTIC” (MES Hull No. 1732) at its Chiba Works on 29th September, 2011 to “K”LINE BULK SHIPPING (UK) LIMITED, United Kingdom.

Today (29 September 2011) marks the 34th celebration of World Maritime Day, the annual occasion when the International Maritime Organization (IMO) leads the world in highlighting a key issue for the Organization, the international community and the shipping industry. This year, the theme for World Maritime Day is: “Piracy: orchestrating the response”.

On Tuesday 27 September Jiangsu Yangzijiang Shipbuilding launched the first Super Green 8500 for Carisbrooke Shipping.

Tsakos Energy Navigation Limited announces time charters of four of its Suezmaxes, three of its Panamaxes and one of its Aframaxes to first class international end users.

Wallenius Wilhelmsen Logistics​ welcomes MV Parsifal, its second Mark V Ro Ro vessel. Representing a whole new generation of vessels, Parsifal is a sister vessel to MV Tonsberg, delivered to WWL in March this year.

A fund for promoting and supporting maritime education and training through scholarships to Bahraini students has been announced by the General Organisation of Sea Ports (GOP) as the second annual Bahrain Maritime Festival (BMF) kicked off.

Fairstar Heavy Transport N.V. has been awarded a new transportation contract by Hercules Offshore to transport the Hercules 185 jack-up rig from Port Gentil, Gabon to either Pascagoula, Mississippi or Bahrain using the Fairstar semi-submersible vessel FJELL.

Bourbon Front, a BOURBON last-generation Platform Supply Vessel (PSV), has left Sinopacific Shipbuilding Group’s Zhejiang shipyard, in China.

Awilco LNG ASA announced that the LNG vessel WilGas has been committed on a one year contract, with no option periods.

Incat Crowther announces that the company has been awarded a contract to design a 20m Catamaran Ferry to operate in the Cocos Keeling Islands.

The U. S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics, a $680 million contract for the construction of DDG 115, the third ship of the Navy’s DDG 51-class guided-missile destroyer construction continuation program

Euroseas Ltd. announced today that its joint venture company, Euromar LLC, signed a memorandum of agreement to purchase the M/V TORGE S, a geared containership of 33,216 dwt and 2,450 twenty foot equivalent units (teu) built in 2003 in Japan.

With fears of a recession rising, the maritime industry will find it increasingly difficult to obtain financing for expansion over the next year, with the exception of the offshore-energy sector, industry experts said.

Fairstar Heavy Transport N.V. (FAIR) has signed two contract extensions with Chevron Australia.

JSC Zvezdochka Ship Repair Center signed a contract for construction of second vessel similar to salvage tug Zvezdochka on Sept 13, said Arkhangelsk Governor Ilya Mikhalchuk in Severodvinsk at solemn meeting related to 60th jubilee of the yard’s Director General Vladimir Nikitin.

Huntington Ingalls Industries, Inc. announced that its Ingalls Shipbuilding division was awarded a $697.6 million fixed-price incentive construction contract for a new Arleigh Burke-class (DDG 51) destroyer, DDG 114. It will be the 30th Aegis guided missile destroyer Ingalls has built for the U.S. Navy.

The Al Aamriya LNG carrier, with a capacity of 210,168 cubic metres, is due to arrive in the UK’s Dragon terminal October 2, according to the Milford Haven Port Authority website.