Ship Sales & Purchase
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2018-03-12 15:57:27

South Korean shipping giant Hyundai Merchant Marine has decided to abandon its options for five additional tankers, the company confirmed.

The company’s very large crude carrier (VLCC) options were a part of an earlier shipbuilding agreement with compatriot shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).

Namely, in April 2017, HMM and DSME signed a letter of intent for the construction of five 300,000 dwt VLCCs, with an option for five more ships. The parties were also to consider LNG carrier engine and eco-friendly technology for the ships.

At the time, HMM said it would use funds from the financing package worth KRW 2.6 trillion (USD 2.28 billion), a part of South Korea’s efforts to help the country’s shipping industry, to finance the newbuildings.  

2018-03-12 15:51:25

Norwegian shipbuilder Vard Holdings Limited has secured contracts for the design and construction of two luxury expedition cruise vessels for French cruise company Ponant.

The shipbuilder said that the hulls for the new vessels will be built at Vard Tulcea in Romania. Delivery is scheduled from Vard Søviknes in Norway in the first and second quarters of 2020, respectively.

Ponant’s new ships will be identical to their four sister vessels ordered from Vard in 2016. The series of four luxury expedition cruise ships was designed for voyages to tropical destinations and remote ports only accessible to small capacity ships.

The ice-class expedition cruise vessels are approximately 10,000 gross tons, about 131 metres long and 18 metres wide. Each vessel can accommodate 180 passengers in 92 staterooms and suites.

The first vessel in the series of six, all of which are to be fitted with a “Blue Eye” multi-sensorial underwater lounge, will be delivered in the second quarter of 2018. It will be followed by the delivery of the next three vessels in the period from autumn 2018 to summer 2019, and the delivery of the newly contracted vessels in 2020.

In addition, Vard will deliver the Ponant expedition cruise icebreaker in 2021, the very first electric hybrid cruise icebreaker powered by LNG and dual fuel propulsion.

“We deeply appreciate the strong collaboration we have established with the Ponant team, resulting in seven luxury expedition cruise vessels under construction for operations on the world’s seas,” Roy Reite, CEO and Executive Director of Vard, said.

Ponant currently operates a fleet of five vessels, by 2021, the fleet will consist of 12 luxury
expedition cruise vessels.

2018-03-12 13:42:33

Norwegian containership owner MPC Container Ships has signed an agreement to purchase a 2005-built feeder container vessel.

Under the deal, signed on March 9, the company said it would acquire the 1,350 TEU ship Francoise Gilot for a price of USD 6.6 million.

According to data provided by VesselsValue, the ship in question is operated by German shipping company Harmstorf Reederei.

MPC Container Ships said that the physical takeover of the vessel is expected to take place next week, expanding the company’s total fleet to 59 feeder vessels.

The carrier’s latest acquisition comes only weeks after MPC Container Ships reached an agreement to buy a fleet of 14 feeder container vessels.

The fleet, which includes vessels ranging from 1,300 TEU to 2,800 TEU, would be purchased for a total of USD 139.5 million to be settled in cash from MPC Container Ships’ existing funds.

The company earlier said it would establish wholly-owned subsidiaries to take over the ships.

2018-03-07 15:53:57

Italian shipbuilder Fincantieri and cruise ship owner Viking Ocean Cruises have entered into an agreement for the construction of six further ocean ships.

Under the agreement, which is subject to specific conditions, the new vessels would be handed over to their owner in 2024, 2025, 2026 and 2027.

Fincantieri informed that the parties would develop an advanced project based on the characteristics of the previous ships, updated and revisited in line with the latest technologies available on the market.

The deal, signed during the Seatrade Cruise Global event in Fort Lauderdale, Florida, would lead to a total number of 16 units built in cooperation between the two companies, expanding the horizon of the partnership until 2027.

Viking’s current ocean fleet includes ships having a gross tonnage of about 47,800 tons with accommodation for 930 passengers in 465 cabins.

As of today, Fincantieri has delivered 4 ships to Viking Ocean Cruises. The first of the series, Viking Star, has been built at the shipyard in Marghera and delivered in March 2015, while the second, the third and the fourth, Viking Sea, Viking Sky and Viking Sun, took the sea from the Ancona shipyard respectively in March 2016, January and September 2017.

The further six units in the order book will be delivered respectively in 2018, 2019, 2021, 2022 (2 units) and 2023.

Giuseppe Bono, CEO of Fincantieri, said that the agreement “confirms the extraordinary moment of the demand in this sector. This allows Fincantieri to consolidate its worldwide leadership, laying the groundwork to enhance the order book with a workload ensuring today work safety for the next 10 years.”

2018-03-07 15:39:05

Italian shipbuilder Fincantieri has signed a letter of intent with the Grimaldi Group for the lengthening and refurbishment program for two cruise ferries, the Cruise Roma and Cruise Barcelona.

The construction of the two mid-body sections will begin in 2018, while the completion of the works at Palermo shipyard is foreseen within summer 2019, Fincantieri said.

The two vessels, currently in service on the daily route Civitavecchia- Porto Torres-Barcelona with the Grimaldi Lines livery, were built by Fincantieri shipyard in Castellammare di Stabia and delivered to the Neapolitan group in 2007 and 2008 respectively.

They are 225 meters long, having a gross tonnage of 54,000 tons and a capacity of transporting about 3,000 passengers, a 2,400 square meters car deck and approx. 3,000 linear meters for heavy vehicles.

At the end of the lengthening project, to be carried out by Fincantieri’s Ship Repair and Conversion division, each ship will be about 254 meters long, having a gross tonnage of about 63,000 tons and being able to transport 3,500 passengers, with a 3,000 square meters car deck and over 3,600 linear meters for heavy vehicles.

The ships will also be fitted with a scrubber system for the exhaust gas cleaning as well as a system to power the ship during the turnaround time in ports, based on mega-lithium batteries, in order to avoid the use of the diesel-powered generators.

“Thanks to the notable experience gained in these years by our shipyard in Palermo, established as a reference point worldwide in this kind of highly sophisticated operations, we have consolidated our leadership also in the repair and conversions sector. Such remarks are the best way to restart the partnership with a prestigious ship owner and its different brands with whom we have worked long and successfully in the past,” Giuseppe Bono, CEO of Fincantieri, said.

Fincantieri has built 30 different types of vessels for Grimaldi so far.

2018-03-07 15:36:10

Owner and operator of dry bulkers GoodBulk took delivery of another Capesize vessel, the 2013-built Aquasurfer, on March 1.

Featuring 178,854 dwt, the ship is the sixth of the seven initial Capesizes acquired from funds managed by CarVal Investors in late October 2017.

The Capesize, built by South Korean Sungdong, was financed with a combination of cash on hand, availability under existing credit facilities and the issuance of 1,547,000 new common shares to funds managed by CarVal.

The vessel is expected to be employed in the spot market via the Capesize Revenue Sharing Agreement managed by C Transport Maritime SAM (CTM).

Following delivery of the Aquasurfer and the sale of the Aquabeauty, GoodBulk will have a fleet of 19 Capesize vessels, one Panamax vessel, and two Supramax vessels on the water, with an additional two Capesizes expected to be delivered within the beginning of the second quarter of 2018.

Furthermore, the company informed that it completed a fourth closing of the December 20, 2017 rights offering issuing 415,017 common shares for gross proceeds of USD 6.32 million on March 2, 2018.

2018-03-06 16:21:14

Australian shipbuilder Austal has received an AUD 68 million (USD 52.6 million) contract to design and build a trimaran ferry for JR Kyushu Jet Ferry of Japan.

Construction of the vessel will commence in late 2018, with services scheduled to begin prior to the Summer Olympic Games in Tokyo in 2020.

Once delivered, the 83-metre ferry will service JR Kyushu’s route between Fukuoka, Japan and Busan, South Korea. The trimaran will have a capacity for 502 passengers and an operational speed of 37 knots.

The deal comes on the back of a Memorandum of Understanding (MOU) reached between the parties on December 8, 2017.

“Austal’s unique trimaran hull design has truly revolutionised the commercial and defence vessel markets. This is the first high-speed trimaran ferry we have placed in to Japan and we are delighted to be partnered with JR Kyushu Jet Ferry on this prestigious route,” Ben Marland, Austal Vice President Sales and Marketing, said.

2018-03-06 16:18:01

Qatar-based LNG shipping company Nakilat and Greek shipping company Maran Ventures Inc. have expanded their joint venture partnership with two additional LNG vessels.

The new agreement increases the number of vessels jointly-owned by Nakilat and Maran Gas from 13 to 15 vessels.

The two newly added vessels, Woodside Rogers and Woodside Goode, featuring 159,800 cbm each, were built by Daewoo Shipbuilding & Marine Engineering Co (DSME) in 2013.

In addition, the two vessels are under a long-term charter and equipped with Dual Fuel Diesel-Electric (DFDE) propulsion models, Nakilat said.

“We are delighted at this opportunity to further strengthen our long-term strategic relationship. We look forward to working closely together in the future, continuing to strive to provide a first-class service to all our LNG customers,” Chairman of Maran Gas, John Angelicoussis said.

Maran Nakilat Co. Ltd. was first established in 2005 with four jointly-owned LNG vessels, and was further expanded on several occasions.

“Strategic alliance with renowned partners has been fundamental to our success, and we are always looking for opportunities to grow our international presence. Nakilat now has an ownership interest in 69 vessels, affirming our global leadership in energy transportation with the world’s largest LNG fleet,” Nakilat’s Chief Executive Officer Eng. Abdullah Al Sulaiti said.

2018-03-06 16:14:54

South Korean shipbuilder Samsung Heavy Industries (SHI) has won an order for an LNG carrier from an unidentified overseas owner.

The order for the 180,000 cbm LNG carrier is subject to agreement on the shipbuilding contract terms, which are scheduled to be agreed by March 9, 2018.

Under the terms of the arrangement, the shipowner has an option for an additional order which is yet to be approved by the company’s board.

Since the beginning of the year, SHI has won orders for eight containerships from Evergreen Marine Corp, one LNG carrier, and two tankers totaling 11 vessels worth USD 1.03 billion. The latest order, once finalized, would bring the ordering tally to 12 ships.

According to a spokesperson for the yard, “growing demand for eco-friendly LNG would boost newbuilding market from this year.”

Last year, SHI won USD 3.3 billion worth LNG related newbuild orders including three LNG carriers, 2 LNG-FSRUs, and an FLNG.  

2018-03-06 16:06:00

Norwegian transportation company Fjord1 has decided to expand its fleet with seven new battery-powered ferries.

The ferries, which will use zero- and low-emission technology based on electric propulsion, are expected to be delivered during autumn 2019.

The company ordered five newbuildings from Havyard Ship Technology’s shipyard in Leirvik and Sogn.

The newbuilds will have a capacity of up to 50 passengers and will operate on the Kvanne-Rykkjem, Edøya-Sandvika, Fedje-Sevrøy and Langevåg–Buavåg routes, according to Fjord1.

The remaining two ferries will be built at Cemre Shipyard in Turkey. Each with a capacity of 80 passengers, the ferries are intended for the Seivika-Tømmervåg service.

Separately, Havyard Design & Solutions revealed it will deliver design for the seven ships.

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