News

Handysize and handymax charter rates will remain stable at their current level until the end of the year, supported by a strong global grains trade, and according to a fresh piece of analysis are the only dry bulk carriers still making money.

The Deputy Emir and Heir Apparent H H Sheikh Tamim bin Hamad Al Thani laid the foundation stone of the multi-billion dollar New Doha Port Project at the Mesaieed City yesterday.

The first vessel of four, of a Havyard 841-design, was recently delivered from the Indian shipyard Bharati to the Shipping Corporation of India (SCI).

The market for offshore windmills is facing a significant increase. Currently it is installed or under construction around 1 500 offshore windmills, mainly in North Europe. More than 10 000 are being planned.

Steber International have been awarded a contract to supply 5 x 43’ General Purpose Navy Support Vessels. Negotiations have been intense extending over the past 12 months. This project will represent over 30,000 man hours in Regional & Rural NSW.

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

Last year, according to the daily newspaper “Noticias”, Beira port handled 1.29 million tonnes of cargo. In the first half of 2011 it has handled 720,000 tonnes and projections indicate that by the end of the year the total will reach 1.4 million tonnes. The port dealt with over 105,000 containers last year and more than 67,000 in the first half of 2011.

China’s Qingshan Shipyard launched the forth and latest vessel in a series of bulk cargo carriers for the transport group FESCO, the Russian operator said.

Alicat Workboats Ltd. has seen the launch of its sixth vessel since being set up just over two years ago, establishing itself as a market leader in providing state-of-the-art catamarans to the offshore renewables sector.

Port Klang Authority chairman Teh Kim Poohas has revealed that approval has been given to build a third container terminal by 2012.

More ship insurers are backing the use of private armed guards on merchant vessels at sea to combat Somali piracy as attacks and the resulting costs are set to rise in coming weeks, industry officials said.

Daewoo Shipbuilding & Engineering said on Monday that it aimed to seal a $1.1 billion agreement with the Indonesian government by November to build three submarines.

Heesen Yachts, the Dutch shipyard and world leader in the construction of luxury superyachts, announces that MY Satori has recently been awarded two World Yacht Trophies

The Lewek EMAS, the latest and largest floating production, storage and offloading (“FPSO”) vessel co-owned by EOC Limited, has successfully achieved first oil in Vietnam’s Chim Sao field on 10 October 2011.

Wärtsilä has been awarded a contract in October 2011 to supply liquefied natural gas (LNG) propulsion equipment for two advanced offshore supply vessels owned by Harvey Gulf International Marine. These supply vessels will be the first ever U.S. flagged

Cementing its leadership position in the US Gulf lightering sector, international petroleum tanker owner-operator AET has accepted delivery of the world’s first purpose-built lightering support vessel (LSV).

Throughput of the port of Ust-Luga in January-September 2011 jumped by 87.6 percent year-over-year, to 15,740,000 tons, JSC Ust-Luga said Thursday.

Seadrill has entered into a Memorandum of Understanding with a major oil company for a five-year contract for operations in North America with the ultra-deepwater semi-submersible rig West Capricorn. The potential contract value for the firm five-year period

Sinopacific Shipbuilding Group secured an order for 4+2 Crown 63 (63,500 DWT) Supramax bulk carriers from a foreign ship owner on October 8. The Crown 63 is a new generation bulk carrier which is self designed by Sinopacific Shipbuilding Group.

Tullow Oil Ghana Ltd., a subsidiary of Tullow Oil plc has awarded Seadrill a one-year contract for operations offshore Ghana with the newbuild ultra-deepwater semi-submersible rig West Leo.