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Svitzer Seals USVI Tugboat Deal

A Caribbean-based Svitzer tugboat. CREDIT Svitzer

Svitzer Caribbean Dominicana has secured a 5-year contract with Limetree Bay Terminals due to commence on June 15th, 2019.The company expands its market coverage providing tugboat services to some of the key oil refineries and terminals in the region – South Riding Point Terminal in Bahamas, Nustar Terminal in Statia, Buckeye Terminal in St.

BAE Systems Jacksonville Wins Navy Deal

BAE Systems Jacksonville Ship Repair, Jacksonville, Florida, is awarded a $23,865,722 cost-plus-award-fee modification to previously awarded contract N00024-19-C-2317 to exercise options for USS Paul Ignatius (DDG 117) post-shakedown availability (PSA). The PSA is accomplished within a period of approximately

Svitzer: 5 year Contract with Oil Refinery

Svitzer Caribbean Dominicana won a 5-year contract with Limetree Bay Refining, LLC, commencing June 15, 2019.The company expands its market coverage providing tugboat services to some of the key oil refineries and terminals in the region – South Riding Point Terminal in Bahamas, Nustar Terminal in Statia, Buckeye Terminal in St.

Tristar Orders Six Tankers at Hyundai Mipo

Photo: Tristar Group

The Dubai-based Tristar Group announced that it has signed firm contracts for six new build 25,000 MT DWT, IMO Type 2 Oil and Chemical Tankers with South Korea shipbuilder, Hyundai Mipo Dockyard.The vessels will be delivered between the middle of May 2020 till the first week of January 2021, said a

Navios Maritime Discloses Sale, Leaseback Deals

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has completed a $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers. The proceeds have been used to refinance $82.4 million of bank debt.The Transaction provides for 28 quarterly payments of $2.

Fincantieri, Two Others Bid in Bulgarian Navy Tender

File Image: CREDIT Fincantieri

Italy's Fincantieri, German shipyard Luerssen and Bulgaria's MTG Dolphin have submitted bids in a 984 million levs ($570 million) tender to build two patrol ships for the Bulgarian navy, the defence ministry said on Wednesday.The Black Sea country is looking to replace its three ageing Soviet-made patrol

“It’s the steel production, stupid!”

Peter Sand, BIMCO

BIMCO's Peter Sand, in a new report, weighs in on the implications for the Dry Bulk sectors.Chinese imports of iron ore keep falling, while its crude steel production keeps growing. China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry.

Floatel Gets Martin Linge Extension

Floatel Superior. Image: Floatel International Group

Swedish contractor Floatel International has received a new extension from Equinor for its accommodation unit Floatel Superior at the Martin Linge Field Development in Norway’s North Sea.The onshore operational support and supervision company said in a press release that Floatel Superior started

TOP Ships Commences Charter With BP

Photo courtesy of TOP Ships

Tanker vessels owner TOP Ships  announced its recently delivered scrubber fitted Suezmax tanker M/T Eco Bel Air, constructed at the Hyundai Samho shipyard in South Korea, commenced a previously announced time charter employment with BP on April 11, 2019.The revenue backlog expected to be generated by this fixture,

Total, Exxon Sign for Papua New Guinea LNG Project

Map: Total

French energy giant Total and its partners ExxonMobil and Oil Search have signed the Gas Agreement with the Independent State of Papua New Guinea defining the fiscal framework for the Papua LNG Project.The Papua LNG project Gas Agreement allows the partners to enter the Front-End Engineering Design

Vigor to Build Pair for LA Port Pilots

(Image: Camarc Design)

Shipbuilder Vigor said it has been awarded a contract from the Port of Los Angeles to build two 56’ pilot boats.The new vessels, designed by Camarc, will feature a twin chine heavy weather hull form for excellent seakeeping. The design accommodates multiple heavy fender systems facilitating safer pilot transfers in challenging weather.

ABB to Equip Seabourn Duo

Seabourn Venture. Image courtesy of Seabourn

ABB said it has secured a power and propulsion contract for the two debut Seabourn ultra-luxury expedition vessels.The contract covers two 170-meter length ships due delivery to the Seattle-based cruise company from Italian yard T. Mariotti, in June 2021 and May 2022 respectively.Seabourn has chosen

Seacat Services Orders OESV Newbuild

Photo: Seacat Services

Offshore energy support vessel (OESV) operator Seacat Services has signed a multimillion-dollar contract to build a new next-generation catamaran for deployment in the offshore wind sector.Seacat Weatherly, designed by Southampton-based naval architect Chartwell Marine, will be constructed by Isle of

Crew Vessel Contracted to Shell

(Photo: Damen)

UK-based crew transfer specialist High Speed Transfers (HST) announced that its second new high-speed crew transfer vessel HST Sofia will be contracted by Shell to support its exploration program in the Black Sea commencing March 2019.The FCS 2710 vessel, built by Dutch shipbuilder Damen, will be trialed

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