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STX Group says Chinese unit STX Dalian wins $240 mln order from Seacon
South Korea's STX Group said its Chinese unit STX Dalian had won a $240 million order from Singapore shipping company Seacon to build eight container ships. STX Group said in a statement that delivery would start from April 2013.

1,806 days ago by arnekiel

Kuehne Holding: IPO not going to come in next 12 to 15 months
As JOC reports, Hapag-Lloyd is ruling out an initial public offering in the next 12 to 15 months, according to the German ocean carrier’s majority shareholder. “As long as we don’t have clarity about the final ownership structure, an IPO is not going to come. I don’t see it in the next 12-15 months,” Karl Gernandt, CEO of Kuehne Holding, told the Financial Times. Kuehne is member of the Albert Ballin consortium that controls 61.6 percent of container ship operator. German tourism group TUI holds the remaining 38 percent stake in Hapag-Lloyd, which it wants eventually to divest. It sold an 11.3 percent stake to the Albert Ballin investors in May.

Lürssen Shipyard bids for ThyssenKrupp ship yards
As Reuters reports, German family owned company Luerssen has made a bid for all of ThyssenKrupp's (TKAG.DE) shipbuilding unit Blohm + Voss, German daily Hamburger Abendblatt reported on Wednesday, citing unspecified sources. Officials at Luerssen, a maker of large Yachts and naval vessels, and at ThyssenKrupp were not immediately available for comment. ThyssenKrupp, Germany's largest steelmaker, in July scrapped a deal for Abu Dhabi MAR to buy Blohm + Voss, leaving its plans to withdraw from civilian shipbuilding in disarray.

1,807 days ago by arnekiel

Hanjin Shipping inks 15-year coal contract with Kospo
Hanjin Shipping signed a 15-year consecutive voyage contract on Wednesday with Korea Southern Power (Kospo) to provide two capesize vessels for the transportation of soft coal, Seatrade Asia online reports. The first vessel will be deployed in 2012 and the second in 2015 to transport 2.2m tonnes of soft coal annually for 15 years. The ships will run to South Korea from various countries including Australia, Canada and Indonesia. Total transport volume is estimated to be around 33m tonnes creating total revenue of approximately KRW360bn, according to Hanjin Shipping. “We are confident that our continuous success in obtaining long term contracts with the world's major customers will provide firm ground for the growth of our bulk business,” the shipping firm said.

1,810 days ago by arnekiel

STX Finland to complete and outfit two well intervention vessels for EIDE Marine
As MarineLog reports, STX Finland Oy and Norway's Eide Marine Semi AS, a subsidiary of Eide Marine Services A/S, have signed a contract worth more than EUR 300 million for the outfitting, completion and delivery of two highly sophisticated well intervention vessels . In December last year, Lupatech SA of Brazil announced that it had signed contracts worth $899 million with Eide Marine Semi AS for the chartering of two vessels for light workover services, including crew and operation of the vessels, to provide services under contracts signed by Lupatech with Petrobras. More at

FlensburgerSchiffbau-Ges. lays keel for new Seatruck RO/RO ferry
Northern-Germany Flensburger Schiffbau-GmbH & Co. KG recently laid the keel for Yard No. 747, the second in a series of four Roll-on/Roll-Off ferries for Seatruck Ferries, MarineLog reported. Just days prior to the keel laying, the German shipyard launched the first in the series, the Seatruck Progress. The keel laying ceremony for Yard No. 747 and the launching of Seatruck Progress can be seen Flensburger's website at Seatruck Ferries will add the four new ships to its all freight service on the Irish Sea over the next year. Each 18,920 gt vessel is 142m x 25m, with a capacity of 2,166 lane meters, 151 trailers and a service speed of 21 knots. Installed propulsion power will be 16,000 kW at 500 rev/min.

P+S Werften shipyard wins order for two offshore construction ships
IHS Fairplay reports that P+S Werften shipyard in Germany has confirmed it has won an order for two offshore construction ships from Singapore's Offshore Installation Group, an associate of German shipping company Harren & Partner. This follows a separate order placed in January this year from a Far Eastern client for a vessel of similar specification. Delivery of the latest vessels will be by mid-2013 with the 172m ships to be built by the former Volkswerft Stralsund yard now owned by the P+S group. The vessels will have the names OIG Giant III and Giant IV will be used for installation of offshore oil and gas platforms in very deep waters of up to 2,500m.

1,820 days ago by arnekiel

Abu Dhabi Mar buys former HDW Gaarden GmbH in Kiel
As of today the contracts for the acquisition of the former HDW Gaarden GmbH in Kiel have entered into force. Abu Dhabi MAR Kiel GmbH starts with 172 employees, the facilities, equipment and infrastructure of the former HDW Gaarden, working on first orders of its target markets offshore, mega yachts and construction of special vessels. Management Directors of this new company are Ms Susanne Wiegand and Mr Holger Kahl. The operations manager is Mr Christian Schmitt, who already held a leading position at HDW Gaarden’s surface vessel division for several years. Abu Dhabi MAR Kiel is currently building a 75 m yacht and an offshore transformer platform. Start of construction of a second offshore transformer platform, for which an order has already been placed, will be in due course.

1,821 days ago by arnekiel

COSCO resumes charter payments to DryShips Inc.
Sept. 1 (Bloomberg) -- China Cosco Holdings Co., the state- controlled sea-cargo group that had ships seized in fee disputes, has resumed charter payments to DryShips Inc. and Jinhui Shipping & Transportation Ltd., the shipowners said. DryShips is receiving payments from Cosco for three vessels that were previously subject to arbitration, Ziad Nakhleh, chief financial officer of the Athens-based company, said yesterday. Jinhui has also received money it was owed, Vice President Raymond Ching said by phone yesterday. Neither elaborated on how much was handed over.

German ship manager hires GreySide to provide armed maritime security
Germany's NSB Niederelbe Schiffahrtsgesellschaft mbH & Co. KG has chosen Herndon, Va., headquartered GreySide Group, Inc. as its exclusive provider of armed maritime security. Initially, NSB will employ security on those vessels of its managed fleet 112 units that are most at risk, MarineLog reports. "Piracy is an issue that continues to plague shipping. After careful consideration, NSB made the decision that the most effective means of protecting our ships and their crews was through the use of carefully vetted, professionally trained and experienced armed security personnel," said NSB Company Security Officer, Guido Kraemer.

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