News

Front Street Shipyard is unveiling initial plans for the Sparkman & Stephens​​ -designed Front Street 118 and Front Street 130 sloops. The yachts have traditional hull lines and trademark S&S sheers, invoking a classic aesthetic from yachting’s golden era.

On September 15, Frontier Lodestar, a new 180,000 DWT class ore carrier built by Koyo Dockyard Co. Ltd. (Mihara city, Hiroshima prefecture), a member of the Imabari Shipbuilding Group, was delivered to NYK.

Fairstar Heavy Transport N.V. announces that the keel for the 50,000DWT semi-submersible vessel FINESSE was laid into the dry dock facility in Qidong, China where Guangzhou Shipbuilding International (GSI) in constructing both the FORTE and the FINESSE for Fairstar.

Prime Minister Yousuf Raza Gilani inaugurated Karachi Port Trust’s three berths on Friday. The berths have been reconstructed by a Korean contractor Ssang Yong.

IFC, a member of the World Bank Group, has provided $80 million for the expansion of the Tecon Salvador container terminal in the Port of Salvador.

Star Bulk Carriers Corp, recently announced that it has entered into a time charter contract with Louis Dreyfus Commodities Suisse SA for its second capesize newbuilding, the Star Polaris, for two years, plus a charterer’s option for one additional year, at a gross daily rate of $16,500 for the first two years and $19,000 for the optional year.

The marine division of Renaissance Services has recently acquired the Caspian Provider , an advanced Platform Supply Vessel (PSV), to join the company’s fleet on a four-year contract in Azerbaijan with a value in excess of Rial 15.4 million (US$40m).

The first – ever Maritime by Holland Pavilion is making its debut at the trade show Offshore Energy which is being held October 11 and 12. Offshore is seen as major growth market for the Dutch Maritime Industry.

In 2012-2014 Russian government plans to bring RUR 9.8 bln in authorized capital of JSC United Shipbuilding Corporation. Substantial part of this sum will be appropriated to increase capital stocks of Severodvinsk shipyards Sevmash and Zvezdochka.

OSM Brasil has signed a ship management contract with STX Brasil.

DP World announced yesterday the construction of a 400 metre quay extension at its flagship Jebel Ali Port, increasing the capacity at the facility by 1 million TEU to 15 million TEU.

Wärtsilä, a global leader in complete lifecycle power solutions for the marine and energy markets, is the recognised frontrunner in dual-fuel engine technology. The Wärtsilä DF engine series is increasingly the power solution

The German navy’s fleet tankers, which are crewed by civilian sailors, are unable to supply its warships operating off the Somali coast because of a labour dispute, according to a defence report obtained Wednesday.

BMT Nigel Gee, a subsidiary of the BMT Group, is pleased to announce its association with Hemisphere, the 44m VPLP design catamaran recently launched from Pendennis Shipyard and making her world debut at 2011 current Monaco Yacht Show.

Two new vessels will join the growing fleet working on the site of the Sheringham Shoal Offshore Wind Farm today as the installation and commissioning of the 88 turbines progresses.

Today’s inauguration of the Gate liquefied natural gas (LNG) terminal in Rotterdam is a further milestone in moves to increase European gas supply security.

Hanjin Shipping is looking to sell off two bulk carriers, according to recent broker reports.

Tummas Justinussen from the Faroe Islands is willing to compete with Norwegian shipowners and focuses on advanced supply vessels from the Herøy-based company Havyard Group. This Saturday the Faroese character invites 50

Singapore Exchange Mainboard-listed Marco Polo Marine Ltd, a growing integrated marine logistic group, announces that the Group has secured a ship building contract worth approximately S$10.5 million, to construct five deck cargo barges for PT. Pelayaran Nasional Bina Buana Raya (“BBR”), an associated company of the Group.

Nordic American Tankers yesterday took delivery of the suezmax vessel that the Company agreed to acquire from an unrelated third party in early September this year. The double hull suezmax vessel built at Samsung Heavy Industries, Korea, has been named Nordic Aurora.