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1,518 days ago by arnekiel

THE world's largest shipping company is stepping up efforts to battle piracy off the coast of Somalia. A.P. Moller-Maersk A/S, says the problem is becoming ever bigger and increasingly costly. Maersk's container freight division has raised the emergency risk surcharge on each 12 metre container shipped through risky waters to $200-$500 from $100-$400 in a move to pass on some of the rising costs to its customers, the unit's head of daily operations, Erik Rabjerg Nielsen, said. The risk surcharge hike reflected on one hand a spike in the number of piracy-related incidents in the first quarter of 2011 and on the other, a massive increase in Maersk Line's cost burden related to piracy.

Ocean Rig has recently ordered two more drill ships for construction at the Samsung Heavy Industries shipyard in Korea. The drill ships are scheduled for delivery in July and October 2013.

1,520 days ago by arnekiel

Wärtsilä, the marine industry’s leading solutions provider, has been contracted by Kleven Maritime of Norway to design a new LNG powered Platform Supply Vessel (PSV) of the Norwegian operator Rem Offshore. The scope of the order also includes the propulsion machinery, automation and other equipment for the same vessel. Wärtsilä is the clear market leader in supplying design and propulsion solutions for LNG powered PSVs, a position that is further strengthened with this order. Furthermore, this comprehensive scope of supply emphasises Wärtsilä’s strong position as a total solutions provider and a system integrator with the capability to offer marine customers a single-source of supply for all their needs. This simplifies and speeds the design and ship building process and reduces the risk of delays. Read more

1,520 days ago by arnekiel

French-based CMA CGM have announced that from the 8th of May they will be launching a new service linking Asia, Indian Ocean Islands and South Africa to cater for what they say is a rapidly growing market, Handyshippingguide reports. Called ‘Shaka Express’, this new weekly service will deploy 6 vessels between 4500 and 6500 TEU, and will feature new reefer capacity for exports from Durban and Port Elizabeth/Nqura to Singapore and Hong Kong.

Greece's Angelicoussis Shipping Group has concluded a deal with South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) to convert another two VLCC contracts to orders for LNG carriers, Seatrade Asia reports. 
The deal brings to three the number of new LNG carriers for the Greek owner at its favoured South Korean shipbuilder. 
DSME hulls number 5341 and 5323 had been ordered at about $155m each, a mark close to the peak for 320,000 dwt VLCC prices. 
The contract conversions will have been negotiated with an additional cash payment by the owner. 
 The first of the three 156,000 cu m LNG carriers is scheduled for delivery in the second half of 2013 to Angelicoussis’ LNG and liquefied petroleum gas carrier arm Maran Gas Maritime, with the two sister vessels to follow in 2014 and 2015.

1,523 days ago by arnekiel

Shipping giant Maersk Line has announced a general rate increase on Asia-Europe routes of US$250 per TEU starting June 1. "The rate restoration initiative will apply to all dry and reefer cargo moving from all Asian ports to all destinations in north Europe and the Mediterranean," Maersk said in a notice to trade. This follows a Maersk rate increase that took effect in March.

1,528 days ago by arnekiel

Royal Caribbean Cruises Ltd. recently firmed its letter of intent for a 158,000gt newbuild at Meyer Werft, Richard Fain said during yesterday’s earnings call. In early February, the company signed a letter of intent for one ship to be delivered in fall 2014 with an option for a second ship in spring 2015. Each vessel has 4,100 lower berths.

UASC borrows US$140 million to buy nine 13,100-TEU ships Gulf Bank will provide US$140 million loan to the United Arab Shipping Company (UASC) towards equipping and purchasing nine 13,100-TEU newbuildings, Shednet reports. Last February, UASC borrowed $302 million to buy the remaining three of these mega ships on order from Samsung Heavy Industries. The Kuwaiti shipping line also borrowed $1.1 billion last year to pay for six of these ships and the first of which was delivered from the Korean yard in early April.

South Korea's STX Offshore & Shipbuilding is close to winning up to a $2.8bn container ship order from Canada's Seaspan Corp , a local newspaper said early this week. STX signed a letter of intent for a deal to build ten 14,000 teu sized carriers, each worth $140m, which also includes a 10-vessel option, Maeil Business Newspaper said in an online edition.

South Korea's Samsung Heavy Industries has won an order for two LNG carriers from GasLog. 

The Greek shipowner has booked two 155,000 cu m LNG carriers at the yard. 
Samsung had announced on April 11th that it had won four LNG carriers from Golar LNG Energy and two ships from an unnamed owner for $1.2bn in total, SeaNews Asia reports.

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