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Shipbuilding
Deschenes Joins Bouchard as VP
Bouchard Transportation Co., Inc. said that Christopher Deschenes has joined the company as Vice President of Maintenance and Repairs. Prior to joining Bouchard, Mr. Deschenes served as a Project Engineer with Overseas Shipholding Group, Inc. as a member of the Worldwide Technical Service Group,
MAN D&T, AKA Partner to Win Russian Order
MAN Diesel & Turbo and AKA have received an order in connection with the building of a multi-purpose supply vessel for a federal Russian agency. Delivery is scheduled for March 2018 in St. Petersburg and marks the first successful collaboration between the two partners since MAN Diesel & Turbo bought
Damen Shiprepair Rotterdam Completes the Refit of Petrojarl 1
On the August 18, 2017, Damen Shiprepair Rotterdam (DSR) has delivered the FPSO Petrojarl 1 to Teekay Offshore following a complete redeployment project taking place over the past 2 ½ years. The Petrojarl 1 has been operated by Teekay for 28 years in the North Sea and is now destined for the Atlanta Field in Brazil.
Symbolic Coin Ceremony for Damen Newbuild
On Thursday, August 17th, the Secretary of the Mexican Navy, Admiral Vidal Francisco Soberón Sanz, took part in a symbolic coin ceremony at Damen Schelde Naval Shipbuilding (DSNS) at Vlissingen in the Netherlands. He was accompanied by the Secretary of National Defense, General Salvador Cienfuegos. The
Project to Build World’s Biggest Sailing Cargo Ship
Lloyd's Register (LR) has joined the Quadriga sustainable shipping project – an initiative from Hamburg-based Sailing Cargo, which aims to build the world’s biggest sailing cargo ship. The project outlines a plan to build a 170-meter car carrier, capable of carrying between 1,700 and 2,000 cars,
TORM Updates Fleet Status
Denmark-based shipping company TORM sold three vessels: TORM Anne (1999-built MR vessel), TORM Madison and TORM Trinity (both 2000-built Handysize vessels) during the first six months of 2017. Furthermore, TORM completed sale and leaseback transactions for three vessels: TORM Helene, TORM Mary and TORM Vita.
BMT Launches Naval Innovation in London
BMT Group Ltd. (BMT) is set to launch a number of innovative warship designs at DSEI event in London. BMT reports that its platform designs have enjoyed a number of successes this year, most notably seeing the HMS Queen Elizabeth carrier (QEC) head out of the Firth of Forth and undergo her maiden sea trials,
SITC Shipowning Orders Four Newbuilds
SITC Shipowning, a wholly-owned subsidiary of SITC International Holdings Co, has exercised the options for the construction of two container vessels, said a company release. SITC Shipowning also entered into the New Shipbuilding Contracts with the Builder for the construction of two additional container vessels.
DSME Bounces Back with USD 1 Bln Profit in Q2
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) said that its net profit reached 1.26 trillion won (USD1.1 billion) in the April-June period. According to a report in Yonhap, it posted a profit for the second straight quarter in the second quarter, largely thanks to
Two Patrol Vessels Launched for Indian Navy
Two Naval Offshore Patrol Vessels (NOPVs) for the Indian Navy were launched in Reliance Defense shipyard at Pipavav on July 25, 2017. The vessels, named INS Shachi and INS Shruti, are the first two vessels in a five-vessel series which are being built in accordance to built under the Indian Register
Suezmax Tanker Delivered to TMS
Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS) said it delivered a 158,000 DWT Suezmax oil tanker Greek operator TMS Tankers on July 18. The vessel, Fontana, has an overall length of 274 meters, molded breadth of 48 meters and draft of 16 meters. It is suitable for carrying crude oil having flash points at or below 60℃,
Investors Enthusiasm in Cochin Shipyard
Indian government is committed for infrastructure development and the track record of last three years has increased the faith of the investors which has resulted in 76 times oversubscription of IPO of Cochin Shipyard (CSL), a government flagship company, said Union Minister of Shipping, Nitin Gadkari.
Conrad Reports 2Q Profit of $1.4 Mln
For the quarter ended June 30, 2017, U.S. shipbuilder Conrad Industries, Inc. reported a net income of $1.4 million and earnings per diluted share of $0.27, up from $1.3 million and earnings per diluted share of $.25 for the second quarter of 2016. The company’s net income for the six months ended June 30, 2017 was $1.
Damen Stock Tugs Shipped to Rotterdam
Shipbuilder Damen said its latest transport of newbuild vessels has arrived in the Port of Rotterdam in the Netherlands. The multiple vessel shipment carried on board the SAL Heavy Lift vessel MV Lone comprises various Damen Tugs and one Multi Cat that have been constructed at Damen’s yards in Vietnam.