Mitsui O.S.K. Lines, Ltd., has held a naming ceremony for the LNG Venus, a newbuilding liquefied natural gas (LNG) carrier, at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. The LNG Venus is co-owned by MOL and Osaka Gas’ wholly owned subsidiary, Osaka Gas International Transport Inc. After its completion, it will sail under a charter contract […]
October 2, 2014 | Posted in
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Singapore-headquartered Swissco Holdings Limited has completed the acquisition of four additional mobile offshore drilling units, bringing its fleet of rigs to eight. As World Maritime News previously reported, the rigs have up to two-year contracts worth about USD 94.8 million, and are being deployed in Latin America. Mr. Kelvin Tang, Group Chief Investment Officer of Swissco, said: “Our expansion […]
October 1, 2014 | Posted in
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Four Chinese shipping companies have received subsidies from the Chinese government worth a total of USD 293.3 million for retiring old ships and upgrading their fleets, writes Reuters. China Shipping Development Co (CSDC) and China Shipping Container Lines (CSCL) announced in separate stock exchange filings that they received a combined USD 41.5 million. CSDC has […]
October 1, 2014 | Posted in
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Athens-based Star Bulk Carriers Corp. has taken delivery of M/V Leviathan , a 182,000 dwt Capesize built by Japan Marine United (JMU). M/V Leviathan is a sistership to M/V Peloreus already delivered to the company and is the second of six similar vessels ordered at JMU, with expected deliveries until the 3rd quarter of 2015. […]
Dynagas LNG Partners LP, an Athens-based owner and operator of LNG carriers, has bought from Dynagas Holding 100% of the ownership interests in the Yenisei River, a 2013 built ice class liquefied natural gas carrier, and the related time charter contract, for USD 257.5 million. Dynagas expects to finance the purchase with the net proceeds of its […]
NewLead Holdings Ltd. has taken delivery of the “Newlead Castellano”, a 2013-built dry-bulk eco-type Handysize vessel of 35,542 dwt, on September 16, 2014. The company said that Newlead Castellano was trading on the spot market and was expected to generate approximately $1.7 million EBITDA per year assuming $1.73 million yearly operating expenses. The Newlead Castellano […]
Knightsbridge Tankers Limited has completed the first stage of its previously announced shares for vessels transaction with Frontline 2012 Ltd. Knightsbridge has issued 31 million shares in exchange for 11 Cape size bulk carrier newbuildings, and two Newcastlemax newbuildings. Back in April 2014, Knightsbridge Tankers and Frontline 2012 agreed to combine Frontline 2012′s remaining fleet of 25 vessels […]
Scorpio Tankers Inc., a global provider of marine transportation for petroleum products, announced today that it has added seven newbuilding vessels to its fleet, all recently delivered. The deliveries are as follows: STI Madison and STI Park, LR2 product tankers, were delivered from Hyundai Samho Heavy Industries in September 2014. Upon delivery, each vessel began […]
September 16, 2014 | Posted in
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Strong growth in the numbers of ships being transferred into BV class has pushed the Bureau Veritas classed fleet past the 100 million gross tonnes milestone. At the end of the first half of 2014 BV classed 10,700 ships totalling over 100 m gt. Philippe Donche-Gay, Executive Vice President and Head of BV’s Marine & Offshore […]
September 5, 2014 | Posted in
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Istanbul headquartered Palmali Group took delivery of 7,100 DWT tanker Shovket Alekperova on August 30, which is the seventh tanker of the RST22M project, reports Marine Engineering Bureau in a press release. A distinctive features of RST22M, RST22, 005RST01 and RST12 design tankers are fully revolving rudder propellers, an increased trunk, and submersible cargo pumps. The tankers do […]
September 2, 2014 | Posted in
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