Seaspan Corporation orders 4 newbuild 10,000 TEU container ships and, buys 4 second-hand 4,600 TEU ones.Seaspan has signed contracts for the construction of four 10,000 TEU class newbuilding containerships, at Jiangsu New Yangzi Shipbuilding Co…
Builders Feadship puts its World Superyacht award-winning 45m megayacht for sale at a reduced 29.8 million Euro price.From the moment of her launch Feadship had special plans for the 45-metre Helix. The world's leading luxury motoryacht…
International Yacht Collection (IYC) is pleased to announce that Mark Elliott and Barbara Stork Landeweer are the company’s 2012 Yacht and Charter Brokers of Year respectively. Based on their extraordinary contributions to their clients and IYC…
OceanGate Inc., provider of deep-sea manned submersible solutions, buys 3-person, diesel-electric submersible 'Lula'f rom Portugal's Rebikoff-Niggeler Foundation.The submarine, which can operate at a depth of 500 meters (1,640 feet), was…
LeBlanc Bland P.L.L.C. announces important Fifth Circuit Maritime Ruling: decision addresses enforceability of liquidated damages provision.An important Fifth Circuit decision in a dispute over the enforceability of a liquidated damages provision -- here…
Subsidiaries of Frigstad Deepwater Ltd sign construction contracts for two ultra deepwater semi-submersible drilling units from CIMC Raffles in Yantai, China.The 7th generation drilling units are of the Frigstad D90™ design, developed by…
International accountant and shipping consultant Moore Stephens says the banks will exert more control over the shipping industry in 2013. It also expects vessel values to fall further, and the cost of regulatory compliance to increase.Moore Stephens partner Julian Wilkinson says…
Farstad subsidiary, Farstad Shipping, Singapore, sells AHTS 'Lady Cynthia'.The buyers identity is not disclosed, but it is expected the vessel will be deployed in the Indian domestic market.Lady Cynthia was built in 1987 by Hart Fenton with a propulsion power output of 9…
Miclyn Express Offshore's Thai J/V has taken delivery of the PSV 'UM Supporter' from Poet Shipbuilding & Engineering.The vessel immediately entered into a 3 year firm contract, plus two 1 year extension options, to provide coil tubing support…
Diana Shipping Inc. signs MOU to buy a new-building bulk ship from a third party; subsidiaries negotiate term loan facilities.The new-building Kamsarmax dry bulk carrier, to be named Myrto of 82,131 dwt, was built by Tsuneishi Shipbuilding Co…
Container & dry bulk vessel operators, Goldenport Holdings, sells the 1993-built container vessel 'Bosporus'.The sale, to an unaffiliated third party, Liberty Resources Inc. of Nassau, Bahamas, was for a cash consideration of US$ 7.5 million…
International accountant and shipping consultant Moore Stephens says it is regrettable that changes announced for inclusion in the UK Finance Bill 2013 have failed to remove exchange rate distortions from the calculation of capital gains on ships…
Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (NYSE:TGP) entered into an agreement with Daewoo Shipbuilding & Marine Engineering CO., LTD., (DSME) of South Korea for the construction of two 173,400 cu. m. Liquefied Natural Gas (LNG) carrier newbuildings…
Seanergy Maritime Holdings Corp. sells 'Clipper Glory', a 30,570 dwt Handysize drybulk carrier built in 2007, for US$11.25-million. The Company used the sale proceeds to reduce debt and for working capital purposes. Following the completion of sale of the Clipper Glory…
Drewry Maritime Research’s ‘Annual World Shipbuilding Market Review & Forecast’ highlights bleak prospects for the world’s shipbuilders.Shipbuilding production levels have remained at record high levels exceeding 50 million cgt for two consecutive years (2010 -2011)…
