Contracts News

 

Ultramax Bulk Carrier Delivered to STAR

Dec 16, 2013

Star Bulk Carriers Corp. (Nasdaq: SBLK) took delivery of M/V Star Challenger (formerly M/V “Supra Challenger”), a 61,462-dwt Ultramax bulk carrier of built in Japan by Imabari Shipbuilding Group in November of 2012.The ship has been employed…

MPE Helps on Stena Ferry Interior Refit

Dec 16, 2013

MPE Interiors has completed a contract for ferry operator Stena Line to deliver an extensive fit out on the Stena Adventurer vessel. MPE carried out the refurbishment works at the forward end of passenger decks seven and eight on the vessel which operates between Holyhead…

Keppel Wins $120m in Offshore Contracts

Dec 16, 2013

Keppel Offshore & Marine Ltd's (Keppel O&M) subsidiaries Keppel Shipyard Ltd (Keppel Shipyard) and Keppel Nantong Shipyard Co. Ltd (Keppel Nantong) won five contracts worth about $120m in total.'We are glad to have the support of repeat…

Slow-Steaming Through a Legal & Insurance Minefield

Dec 13, 2013

The UK P&I Club’s publication ‘Hellas Hilights - Issue 28’ recorded Rod Lingard's attendance at the green4Sea Forum and his address on 'The Legal and Insurance Aspects of Slow-Steaming, excerpted as follows:What’s the problem? On one side…

London's Baltic Exchange Redefines Capesize Terms

Dec 13, 2013

The Baltic Exchange inform it will be making significant amends to the Baltic Capesize Index including a change to its vessel description, amends to the route weightings and the addition of three new routes, as follows:  

The move follows…

Panama Canal Expansion Should Slice US Grain Freight Rate

Dec 11, 2013

Upon completion of the expansion of the Panama Canal, the cost to transport grain from the U.S. corn belt to Asia will drop by an estimated 12%, thus increasing the cost competitiveness of the U.S. as a grain exporter to Asia, Rabobank forecasts…

ClassNK and Rio Tinto Iron Ore Sign Collaborative Agreement

Dec 10, 2013

Classification society ClassNK and Rio Tinto Iron Ore (part of the Rio Tinto Group, one of the world’s largest metal and mining companies), announced that they have signed a collaborative agreement focused on the safe carriage of iron ore. The…

Court Clears Lake Huron Chartering Executives

Dec 09, 2013

Lake Huron Chartering announce that criminal charges filed in Houston, Texas against three of its executives have been granted dismissal. As of June 10, 2013, indictments and charges against Alireza Etessami, Gustavo Gimeno and Denny Martinez have been dropped…

Horses for Courses: Is the Ship Suitable for the Cargo?

Dec 01, 2013

ITIC has warned ship managers of the potentially severe financial implications of nominating unsuitable ships for the carriage of specific cargoes.In the latest issue of its Claims Review, ITIC cites the case of a commercial ship manager which fixed a ship for a voyage of 4…

Does Owner or Charterer Pay for Cleaning a Fouled Hull?

Nov 29, 2013

When awaiting a berth for prolonged periods hull fouling is unavoidable. The owners of such a vessel may well expect the charterers to pay for the hull cleaning and to bear the risk of the vessel's resulting under-performance, writes Evangelos Catsambas…

Strategic Marine Scores Two Infrastructure Projects

Nov 27, 2013

Strategic Marine makes headway in marine infrastructure sector with two new projects underscoring fabrication capabilitiesStrategic Marine announced today it is constructing two marine infrastructure fabrication projects in its Vietnam shipyard…

Port of Hueneme Inks BMW North America Contract

Nov 26, 2013

Port Officials and BMW of North America, on the eve of BMW’s 26th anniversary at the Port, executed a fifth modification of its 1987 contract extending  their agreement for an additional five years through December 31, 2018.  Said Harbor Board President Jason Hodge…

Massive Italian Shipborne Navigation Contract for Transas

Nov 24, 2013

Transas Marine has won the Italian tender of 'Consorzio degli armatori del mediterraneo' for supply of navigation equipment for 64 vessels.'Consorzio degli armatori del mediterraneo' is the Italian Shipowners Research Consortium which consists of 6 shipowners (Augusta Due…

Metal Shark to Construct 350, Yes 350, Hi-speed Navy Boats

Nov 24, 2013

Louisiana-based aluminum boat manufacturer Metal Shark Aluminum Boats LLC has been awarded a contract to produce up to 350 specialized vessels for the United States Navy.The fixed-price contract is for the construction of the Navy’s High Speed Maneuverable Surface Target (HSMST) vessels…

MacGregor Receives Huge Order from Hyundai Heavy

Nov 22, 2013

MacGregor, part of Cargotec, has received an order worth $77 million (USD) for optimized cargo handling systems for five A-14-series and five A-18-series container vessels from Hyundai Heavy Industries Co. Ltd. in South Korea. The 14,000 TEU and 18…

Logistics News

In the Search for Ship Energy Efficiency, Don't Forget Waste Heat

In the Search for Ship Energy Efficiency, Don't Forget Waste Heat

AET Orders Pair of LNG Dual-Fuel Vessels from SHI

AET Orders Pair of LNG Dual-Fuel Vessels from SHI

Upgraded Koala Service Boosts Australia - Asia Link

Upgraded Koala Service Boosts Australia - Asia Link

TasPorts to Explore Green Hydrogen Production at Bell Bay

TasPorts to Explore Green Hydrogen Production at Bell Bay

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