Newbuild loan for 8,800TEUs [Finance]
Costamare lands loans to finance the remainder of its newbuilding orderbook. New York-listed Costamare will use the two facilities, worth around $380m, to pay for five containerships on order at Sungdong Shipbuilding & Marine Engineering. It ...
2011-09-21 07:44:59
Marinakis units merger [Shipping]
New York-listed Crude Carriers and Nasdaq-listed Capital Product Partners become one entity. Some 60% of Crude Carriers’ shareholders voted in favour of the unit-for-share deal which is expected to be completed by the end of the month. Under the...
2011-09-21 07:40:53
Costamare buying spree [Finance]
Costamare splashes out $90m on two vessels attached to long-term charters with Mediterranean Shipping Company. In a statement to investors Costamare says it will pay $60m for the 6,700-teu MSC Viviana (built 2003). The ship, to be renamed the MSC...
2011-09-21 07:36:24
GE wins compressors for LNG-FPSO [Offshore]
Engineering giant GE has landed a contract from Technip to supply a pair of compressors for Shell’s monster Prelude LNG-FPSO off Australia. The US technology services player has also won a deal worth up to $230 million from Brazil’s OGX and a ...
2011-09-21 07:32:30
Western Marine wins cargo ships [Shipbuilding]
Western Marine Shipyard Ltd, a leading shipyard in Bangladesh, will build six cargo ships for Nurjahan Logistics Ltd with capacity of 1800 dwt (dead weight tonnage). These cargo ships will ensure speedy transportation of imported wheat from the o...
2011-09-21 07:27:15
API equip deal for 31 newbuilds [Equipment]
API Marine wins large contracts for supply of Cargo Control and Automations Systems for multiple series of newbuildings in Russia. API Marine has signed new contracts with two Russian shipyards - JSC “Zavod Krasnoe Sormovo” and JSC “Okskaya ...
2011-09-21 07:23:58
Mitsubishi attacked by hackers [General]
Mitsubishi Heavy Industries said Monday its servers and computers have been infected with viruses which may have enabled unauthorized access. Japan's largest defense contractor and key shipbuilder said it has reported the matter to police and star...
2011-09-21 07:19:02
Newbuilding down, demolition up [Shipbuilding]
Newbuilding market is being kept silent, while scrapping activity has been substantially higher. According to the latest report from Clarksons, “the newbuilding market has continued to remain relatively quiet this week with only modest levels of...
2011-09-21 07:15:43
Daesun inks 1,000TEUs [Shipbuilding]
Daesun Shipbuilding & Engineering of South Korea sealed a newbuilding contract for 1+1 1,000-teu boxship with Korea's Shipping Bank on Sep 20th. Recently ordered vessel is known to long-term chartered by Korea Marine Transport Co., after its deliv...
2011-09-20 15:11:01
Samsung Keeps Top [Shipbuilding]
Samsung Heavy Industries of South Korea kept its world-first place in orderbook for six consecutive months, with 206 ships, 9.567m cgt as of August end, according to Clarkson Research Services data. Samsung recently added another Thenamaris' 160,0...
2011-09-20 12:16:54
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