The Board of Directors of JES International Holdings Limited through its wholly owned subsidiaries, Jiangsu New East Marine Engineering Co. Ltd, has signed an option for the construction of further 4 Newcastlemax bulk carriers. The value of the vessels signed under the option is approximately US$212 million. The option is signed with the same European […]
March 6, 2014 | Posted in
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Dorian LPG Ltd. has declared its options to construct three additional VLGCs at Hyundai Heavy Industries Co., Ltd. (HHI) in South Korea. The three additional VLGC’s will be similar to the initial fuel-efficient VLGC newbuildings ordered at HHI in April 2013. The Company expects to take delivery of the three VLGCs in the second, third […]
February 25, 2014 | Posted in
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COSCO Shipyard Group Co., Ltd, announced that two option contracts, awarded to COSCO (Guangdong) Shipyard Co. for the construction of two platform supply vessels have been declared effective. The option contracts, valued at approximately USD 60 million, were from a Singapore based company. COSCO Corp., February 18, 2014
February 18, 2014 | Posted in
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China Merchants Energy Shipping (CMES), a subsidiary of China Merchants Group, has exercised options to construct additional four ultramaxes at Chengxi Shipyard, the company announced in a Shanghai Stock Exchange filing. Financial details of the contract were not disclosed. The ordered vessels are fuel-efficient bulkers with the capacity of 64,000 dwt. The vessels’ delivery […]
Wallenius Lines has declared an option for two additional Post Panamax vessels to be built at Tianjin Xingang Shipyard in China set for delivery in Q2 and Q4 2016. The order will add to the two vessels contracted in June 2013 for delivery in 2015 and 2016. The vessels will be 200 m long with a […]
January 29, 2014 | Posted in
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DHT Holdings, Inc. has declared its option to construct a VLCC at Hyundai Heavy Industries Co., Ltd. (“HHI”) in South Korea with a contract price of $92.7 million, including certain additions and upgrades to the standard specification. The contractual terms are the same as for the two VLCC orders announced in December 2013. Subsequently, the […]
January 9, 2014 | Posted in
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BW Offshore has exercised an option to acquire the tanker Blue Opal for USD 83.4 million from Daewoo Shipbuilding & Marine Engineering (“DSME”). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012. BW Offshore has performed detailed engineering studies and inspections of the VLCC since Q4 2012, and is currently evaluating […]
January 2, 2014 | Posted in
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Singapore-based BW Shipping has exercised an option for a second Liquefied Natural Gas Floating Storage and Regasification Unit (LNG FSRU) with Samsung Heavy Industries of South Korea on 29 November 2013. Scheduled for delivery in 2016, this new FSRU adds to the first FSRU ordered in January 2013 and now brings the total FSRU units […]
December 13, 2013 | Posted in
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The Natural Environment Research Council (NERC) declares its first option for a one year extension of the bareboat charter for “RRS Ernest Shackleton”. The option will be effective from August 2014. “RRS Ernest Shackleton” has been on a long-term charter with NERC`s British Antarctic Survey since August 1999. NERC further holds four annual options to […]
TTS Group ASA has, through its subsidiary TTS Offshore Handling Equipment AS, been awarded an option of two cranes, to be installed on board a semi submersible accommodation rig. The order was placed by China’s COSCO Qidong Offshore. The value of the order is estimated at approximately NOK 50 million (USD 8.2 million). The semi-submersible […]
