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Qatar Inks Deal with Fincantieri

(File photo: Fincantieri)

Qatar's Ministry of Defense has signed an agreement with Italian shipbuilding group Fincantieri evaluate and study new technologies and capabilities, possibly leading to a future acquisition of new vessels in 2020.Fincantier said it signed a Memorandum of Understanding (MoU) with Barzan Holding,

Smith Named Director of Columbia-class Sub Program

Brandi Smith has been named program director of the Columbia-class submarine program Newport News Shipbuilding. (HII photo)

Huntington Ingalls Industries (HII) announced Brandi Smith has been named program director of the Newport News Columbia-class submarine program.Smith will be responsible for leading the company’s construction activities for the U.S. Navy’s new class of ballistic-missile submarines, as well

Safe Bulkers Sells, Leasebacks 8 Vessels

Image: Safe Bulkers

The Monaco-headquartered provider of marine drybulk transportation services Safe Bulkers Safe Bulkers has sold and leased back eight ships to refinance $105.2m in loans coming due in 2023 and 2025.The New York-listed bulker owner said that it will receive $158.3m in proceeds from the transaction.Under the arrangements,

Flex LNG Tallies Contract Extension

© Tomasz Domzalski / MarineTraffic.com

Flex LNG on Wednesday said it secured an extension of the time-charter agreement for its 173,400-cubic-meter-capacity liquefied natural gas (LNG) carrier Flex Enterprise.The extension stretches the firm period of the time charter into first quarter 2021, and the charterer also has extension options, Flex LNG said.

Beware of the Nominal Entity

© hildeanna / Adobe Stock

Make sure you know who you are really contracting with.A famous U.S. politician once insisted that “it takes a village to raise a child.” That said, any marine operator will tell you that it takes an even larger village and a ridiculous number of contracts to operate a vessel, and even more to manage a fleet of vessels.

Damen, Luerssen to Build German Warships

Image: BAAINBw/MTG Marinetechnik

Germany has awarded Dutch shipyard Damen a contract to construct at least four new multi-role warships worth nearly 6 billion euros ($6.7 billion) in an alliance with its Bremen-based partner Luerssen, the armed forces and budget lawmakers said on Tuesday.The ship tender is one of Germany's biggest arms projects,

SLSDC Orders 60' Harbor Tug

Washburn & Doughty will build a Glosten-designed harbor tug for the Saint Lawrence Seaway Development Corporation. The vessel is due for delivery in 2021. (Image: Glosten)

The Saint Lawrence Seaway Development Corporation (SLSDC) has placed an order for a newbuild ASD (Z-drive) harbor tug to be delivered by Washburn & Doughty Associates, Inc. of East Boothbay, Maine.Craig Middlebrook, Deputy Administrator of the SLSDC, said, “This new vessel will be used to

Second RoPax Launched for Hankyu Ferry Co

The recently launched and christened Yamato will service Hankyu Ferry Co's Shinmoji-Kobe route. (Photo: Mitsubishi Heavy Industries)

Mitsubishi Shipbuilding Co., Ltd. held a christening and launch ceremony for the second of two passenger/cargo ferries currently under construction for Hankyu Ferry Co, Ltd.The new vessel, named Yamato, is being constructed at the Shimonoseki Shipyard & Machinery Works yard in Japan's Yamaguchi

Georgia Scraps Deal on Major Port Project

© Image'in / Adobe Stock

Georgia has ended an investment agreement with an international consortium for one of the biggest projects in the former Soviet country, the construction of a major deep sea port on the Black Sea coast, its infrastructure minister said on Thursday.The nine-phase project to improve access to Central

RCCL Taps SGS for Maintenance and Repair

Photo courtesy of RCCL/SGS

Subsea Global Solutions (SGS) has entered into an agreement with Royal Caribbean Cruises Ltd. (RCCL). Under the agreement SGS will provide underwater hull maintenance and repair services for their fleet of 58 ships trading under six different brands (Royal Caribbean International, Celebrity, Azamara, TUI, Silversea, and Pullmantur).

MISC Wins $245M Contract in Brazil

Image: MISC

Malaysia International Shipping Corporation Berhad (MISC) said that its unit  AET Tanker Holdings Sdn Bhd has secured long term contracts for three Suezmax class Dynamic Positioning Shuttle Tankers (DPST) by Brazil Shipping I Ltd for RM1.01 billion (US$245 million).AET will own and operate these

Manson Wins $8.4M Dredging Contract

Manson Construction Co., Seattle, Washington, was awarded an $8,396,000 firm-fixed-price contract for dredging of the Mississippi River. Bids were solicited via the internet with two received. Work will be performed in Plaquemines, Louisiana, with an estimated completion date of Oct. 12, 2020. Fiscal

ENA Shogun Signed On One-year Deal

ENA Shogun (Photo: VOS Singapore)

Anchor-handling tug supply (AHTS) vessel ENA Shogun will commence a one-year project (+options to proceed further) with a Bruneian oil company, primarily supporting semi-submersible rigs in their fleet.VOS Singapore said it has secured a third-party ship management contract with a Bruneian offshore

GEV Pact with CIMC Raffles for 8 Vessels

Yantai Construction Base. Image: Global Energy Ventures Ltd

Australia-listed Global Energy Ventures (GEV) has extended a letter of intent (LOI) with Yantai CIMC Raffles Offshore to build the CNG Optimum 200 ships.The extension is for six months through to 30 June 2020. The LOI is based on a firm order for four 200 MM scf Compressed Natural Gas (CNG) ships with

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