Alfa Laval solution for Low Sulphur [Equipment]
Novenco and Alfa Laval have joined forces to provide a professional and complete cooling solution: Alfa Laval Advanced Cooling System (ACS). The system will allow ships to safely operate with any quality of Low Sulphur Fuel Oil (LSFO). Collab...
2011-07-26 07:34:23
MOL adopts low-friction paint [Equipment]
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) announced on July 25th the adoption of a new low-friction "Seaflo Neo" developed by Chugoku Marine Paint, Ltd. (President: Masataka Uetake). After analyzing the results of an onboard test wi...
2011-07-26 07:32:39
Hosco scraps panamax [General]
Hebei Ocean Shipping Co rids itself of one more oldest bulk carrier. It sent the 76,300-dwt Hebei Mercy (built 1985) to a shipbreaker in Bangladesh, cash buyer GMS reports. The Hebei Mercy is the third large bulker scrapped by the Chinese owne...
2011-07-26 07:29:35
3. Maj secures investment [Finance]
Croatian shipyard 3. Maj is close to securing new ownership and investment. The state-owned shipyard is expected to change hands on September 1st by becoming part of the Darko Koncar-led mining group, Kermas. Koncar’s son, Nenad Koncar, has...
2011-07-26 07:26:16
VLOC order restarts [Shipbuilding]
A dramatic fall in newbuilding prices are tempting shipowners and iron ore exporters to order new very large ore carriers over 200,000 dwt. During the past five years VLOC orders surged and the newbuilding tally is more than 150 units. Accordin...
2011-07-26 07:20:36
Samsung adds GasLog LNG carrier [Shipbuilding]
Samsung Heavy Industries has won an order for an LNG carrier from Greece's GasLog for $200m. The 155,000-cbm newbuilding, ordered from the South Korean shipbuilder, will be delivered to GasLog in March 2014, Greek shipbroker Golden Destiny said in...
2011-07-26 07:08:28
Songa scores $268m deal [Offshore]
Norway's Songa Offshore has secured a $268m charter contract for a semi-submersible drilling unit under construction at Singapore’s Jurong Shipyard. The Oslo-listed offshore contractor says a “major oil operator” has picked up the Songa Ecl...
2011-07-26 07:01:09
Safe newbuild swoop [Shipping]
Safe Bulkers is set to double its newbuilding orderbook over the next two years as prices come under pressure. New York-listed Safe, which has been an active buyer of late, was tipped for the binge by Jefferies analyst Doug Mavrinac. In a note...
2011-07-26 06:58:28
Costly bunker fuels green drive [Shipping]
In 1980, annual operating costs for a panamax bulker were $10m, of which $2m was allocated to bunkers and $5.6m for the cost of capital. Today, that has been reversed with the cost of fuel amounting to $5.5m a year and capital $2m. “That is...
2011-07-26 06:55:20
Hanjin-built DSV deployed [Offshore]
Gulmar Offshore’s newest diving-support vessel (DSV) is heading to Brazil after securing a contract with Petrobras and geophysical contractor Fugro. Sharjah-based Gulmar says the 11,880-hp Gulmar Atlantis (built 2011) will work a six-month char...
2011-07-26 06:50:45
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