Safe Bulkers, Inc. an international provider of marine drybulk transportation services, announced yesterday that it has entered into three credit agreements with Japanese governmental financial institutions amounting to US $122.4 million to finance the acquisition of three Japanese Post-Panamax clas
The second CSD 750 ‘Inai Liatree’ for Inai Kiara Sdn Bhd was launched on April 18 in Malaysia. The vessel was built by Selat Melaka Shipbuilding Corporation Sdn Bhd. VOSTA LMG has delivered the design and the full component package for the Inai Liatree. The dredge will be used for local projects and
Intensifying competition in the shipbuilding industry leads to enormous cost pressure. As the main part of costs is fixed at the start of production, cost management in the early shipbuilding phases is especially effective. In light of this, the Workshop “Cost Management in Shipbuilding” will offer
The world’s best known shipwreck turned 100 yesterday. Maritime historians generally consider the date of a ship’s launch to be its “official birth date” and the Belfast, Northern Ireland, shipyard of Harland & Wolff launched RMS Titanic on May 31, 1911. Once afloat, RMS Titanic was then completed b
NORDEN has ordered 4 MR product tankers from the Korean yard STX Offshore & Shipbuilding Co., Ltd. The vessels which have a cargo capacity of 49,600 dwt. are scheduled for delivery in the first and second quarters of 2013. NORDEN has options on 2 additional vessels from the yard. The vessels will be
Hyundai Heavy Industries, the world’s biggest shipbuilder, said today it clinched a USD 1.12 billion order to build two drillships for drilling contractor Rowan Companies Inc. on May 31. This contract also includes an option exercisable by Rowan to order an additional same class drillship. The vesse
Yesterday, the special tanker being built by Nordic Yards, manufacturer of technologically sophisticated and innovative special ships and maritime structures, for the Russian mining company Norilsk Nickel has left the dock in Wismar. The icebreaking Arctic Tanker “Nordic AT 19” was commissioned by N
United Arab Shipping Company (UASC) announced the conclusion of a $205 million term loan facility with Société Générale Corporate & Investment Banking (SG CIB), acting as Mandated Lead Arranger, and KSURE Agent, on a French Tax structure to finance the acquisition of two A13 (13,100 TEU) vessels out
SeaBird Exploration PLC (“SeaBird” or “SBX”) has over the last few months worked with a Norwegian shipyard to develop and plan the construction of a second vessel in addition to the Hugin Explorer for deploying, retrieving and servicing Ocean Bottom Nodes (OBN). Through a mutual understanding betwee
During the SAT, a very intensive program was carried out in which the platform as well as the sensor weapons and communications suite was extensively tested. The tests were performed by representatives of the yard in close cooperation with representatives of the subcontractors, the Royal Moroccan na
South Korea launched its first meteorological observation ship on Monday, a vessel that is expected to improve precision in the country’s we… (Yonhapnews) [mappress] Source: Yonhapnews, May 31, 2011.
Hyundai Heavy Industries, the world’s largest shipbuilder, today won a USD 600 million order to build two 155,000 m3 LNG carriers, including an option for another same class vessel, from Greece-based Dynagas Ltd. These membrane-type LNG carriers are due for delivery in the second half of 2013. They
Pipavav Shipyard has won a Rs 2500 crore order from the Indian navy to manufacture gun boats. The order was cleared by the Cabinet committee of security. Nikhil Gandhi, the CMD of Pipavav Shipyard confirmed the news to ET NOW. ‘ I havn’t received any formal communication yet, but yes we have won the
General Dynamics National Steel and Shipbuilding Co., San Diego, Calif., is being awarded a $744,129,956 modification to previously awarded contract (N00024-09-C-2229) for the procurement of the detail design and construction of two mobile landing platform ships. Work will be performed in San Diego,
