Eco Marine Power (EMP) has taken a major step towards bringing its sustainable shipping technologies to the market by announcing today that it has entered into a commercial agency agreement with MIE Company Ltd (MIE) of Greece. Under the terms of the agreement, MIE will promote solutions and product
CSSC Chengxi Shipyard has secured a contract from Greek shipping company Dalnave Navigation Inc. to build two 64,000-dwt bulk carriers. The bulk carriers will incorporate SDARI design of ultramax vessels with energy-efficient, environmentally-friendly, and economic characteristics. The design in que
Indian Navy’s aircraft carrier INS Vikramaditya (former Russian carrier Gorshkov) has completed its sea trials with flying colours and managed to achieve a top speed of 32 knots, reports The Hindu. Last year, the aircraft carrier was subjected to extensive trials for the first time. While a substant
On the 23rd of July, 2013 the ‘Sea Delta’ was named by sponsor lady Mrs. M.R. (Marilyn) Lawrence-Oostendorp. This name-giving ceremony took place at the Damen/Yard Albwardy in Sharjah, Dubai, the United Arab Emirates. Seacontractors and Damen Shipyards Hardinxveld look back on a festive event of thi
The lead ships classed by Lloyd’s Register incorporate advanced design, containment and operational features as well as the ability to cope with the harsh operating environment of the Arctic and cold places. Dynagas, the liquefied natural gas (LNG) shipping arm of the George Prokopiou shipping enter
Dredging Corporation of India Ltd has announced that a new Trailer Suction Hopper Dredger DCI Dr. XX with 5500 Cu.M Hopper capacity has been dedicated to the Nation by Honourable Minister of Shipping, Government of India on July 26, 2013. The dredger that was procured at a cost of Rs. 528 crores fro
On July 24, specialist boatbuilder Strategic Marine launched the Jati Six crew transfer vessel for Malaysian client Dinasti Jati Sdn Bhd. The vessel is part of a multi-ship order. The superstructure was built at Strategic’s other shipyard in Vietnam then shipped to their Singapore yard for technical
Otto Marine Limited, an offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, announced that it has entered into a sale and leaseback deal with a renowned unrelated third party for 2 units of the large Anchor
DSME Bags USD 595 Million Worth Drillship Order VANTAGE Drilling has placed an order with South Korea’s Daewoo Shipbuilding & Marine Engineering for the construction of a new drillship. According to the DSME’s regulatory filing from July 19, the order is estimated to be worth around $595 million. Co
Golar LNG Limited announced today that it has executed a USD $1.125 billion financing agreement to fund the first 8 of its 13 newbuild vessels and FSRUs. The facility is divided into three tranches: A term loan of USD $450 million funded by a consortium of lenders and guaranteed by a 95% Korea Trade
Teekay LNG Partners L.P. today announced that during the past week it had exercised two of its three existing options with Daewoo Shipbuilding & Marine Engineering Co., Ltd., (DSME) of South Korea for the construction of two 173,400 cubic meter liquefied natural gas (LNG) carrier newbuildings for de
Star Bulk Carriers Corp. (Star Bulk), announced yesterday the successful completion of the Company’s previously announced $75 million backstopped equity rights offering and concurrent private placement. The company has agreed to use the net proceeds from this offering to enhance liquidity and to par
China International Marine Containers’ (CIMC) shipowning subsidiary, CIMC Financial Leasing ordered five 8,800 TEU newbuildings worth $425m from Jiangsu New Times Shipbuilding on July 24. The delivery of the vessels is scheduled for 2015. The order is placed under the conditions similar to the previ
On July 18th, 2013, Afai Southern Shipyard started simultaneous construction of the four coastal fast rescue vessels, being built for Ministry of Transport. Mr. Yang Xiaoren, the Deputy Director General of China Rescue & Salvage Bureau of Ministry of Transport together with Mr. Sun Dongsheng, the Vi
