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2017-08-16 11:27:11

Dae Sun Shipbuilding & Engineering of Korea has won an order to build a total of six 1,011 teu containerships from Hong Kong-listed STIC.

SITC International Holdings said in a regulatory filing on August 14 that it ordered 1,011 teu class gearless containerships which are expected to be delivered by April 2019. The newbuilding price is said to be around $17m apiece.

“The exercise of the options and the entering into of the new shipbuilding contracts is to expand the self-owned fleet of container vessels of the group to meet the group’s operational requirements,” SITC said in a regulatory filing.

With the latest contract, SITC has a total of six feeder containerships on order at Dae Sun.

Earlier in May, SITC ordered 2+2 1,011teu containerships through a ship-owning subsidiary and two of these optional ships were exercised, while another two ships are additional orders this time around.

The first two vessels are slated for completion in 2018.


2017-08-16 11:23:47

Mednav, an Italian shipping company recently denied that it ordered two MR tankers at China State Shipbuilding Corporation (CSSC).

According to foreign media and industry, the company announced that it never ordered two MR tankers at CSSC Offshore & Marine Engineering.

Previously local industry and brokers saw that “as the first newbuilding order in about 10 years, Mednav ordered two 45,000dwt MR tankers at CSSC OME. They will be delivered by H2 2019.” The price is known to be $34m for each.

However, Mednav announced that the news is ‘baseless.’ On the other hand, the plan for new MR tanker is still known to be valid, and the plan seems to be aiming for renewal of the company’s fleet.

2017-08-16 10:40:47

SITC Shipowning, a subsidiary of SITC International Holdings, has placed an order for four more containerships at South Korea’s shipbuilder Dae Sun.

The company informed that it decided to exercise options for the construction of two container vessels, which were a part of an earlier placed vessel order. Additionally, SITC entered into new shipbuilding contracts to construct two more boxships.

SITC is paying a total of USD 68 million for the construction of the four vessels, which would be 1,011 TEU class gearless containerships, totaling some 12,200 dwt.

In May 2017 SITC ordered two container vessels for a price of USD 34 million.

The company informed that the first vessel from the batch is expected to be delivered by late February 2019, while the second containership is set to join the fleet by the end of April 2019.

2017-08-15 14:26:02

Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) managed to cut its net loss in the second quarter of 2017 to TWD 445 million (USD 14.7 million).

The result represents a decrease of 90% compared to the net loss seen in the same period a year earlier. Compared to the previous quarter, the company’s net loss shrunk by 50.6% from TWD 901 million (USD 29 million) reported in the first quarter of 2017.

The second quarter consolidated revenues stood at TWD 33.2 billion, up 19.6% from the same period over the previous year, while the volume rose 6.81% year-over-year to 1.15 million TEUs.

Yang Ming’s first half 2017 net loss was lowered to TWD 1.34 billion, a reduction of 84% compared to the same period last year.

For the first six months of the year, the company’s consolidated revenues were at TWD 63.48 billion, with revenue up 15.65% from the same period in the previous year. Volume for the first half totaled 2.28 million TEUs, climbing 10% from the same period over the previous year.

Since the fourth quarter of 2016, Yang Ming has taken the initiative to control costs and develop a new strategy to optimize its financial position.

“Coupled with a stabilized 2017 market, Yang Ming’s internal efforts have helped to grow its volumes and revenues substantially in 2017, as evidenced by Yang Ming’s year-to-date results.”

2017-08-15 14:17:03

dship Carriers, a multi-purpose project carrier belonging to the deugro Group, is expanding its fleet by adding three heavy-lift multi purpose MPP vessels in July and August 2017.

As informed, the vessels will primarily be used for trade lanes between Asia, the Persian Gulf, and Europe.

MVs Holandia, Helvetia, and Gallia were named after vessels that the Press family* owned and operated in the 1980s.

“With a combined lifting capacity of 240 metric tons and deadweight of 12,780 metric tons, these vessels are well-suited to support our growing client base and the contracts we have been awarded,” Arne Koester, Executive Chartering Manager at dship Carriers, said.

dship Carriers plans to continue to invest in project vessels between 9,500 and 17,500 DWT in order to further complement the existing fleet.

“We are uniquely situated and committed to purchasing vessels in order to continue building our fleet and increase our market share,” Holger Hinrichs, Vice President of dship Carriers, commented.

dship Carriers is an ocean carrier that manages and operates a fleet of multi-purpose vessels designed to support the specialized needs of breakbulk, heavy-lift, dry bulk, and project cargo clients.

2017-08-14 13:58:53

Aulong Shipbuilding, a joint shipyard between Austal Limited of Australia and Guangdong Jianglong Shipbuilding Company of China signed the second newbuilding order for ferry since established.

Aulong Shipbuilding has been awarded a 35m long catamaran from China's Blue Sea Jet for AUD 5.60m ($4.45m). The aluminum vessel can accommodate a maximum of 260 passengers and can navigate at speeds of 26 knots or more.

Meanwhile, Aulong Shipbuilding will begin construction of its first ferry for Blue Sea Jet this month, which was awarded in August last year.

Aulong Shipbuilding was founded in June 2016, with Jianglong and Austal holding 40% and 60% shares respectively.

2017-08-14 13:33:57

T.S. Lines, a container shipping company based in Hong Kong is looking for shipbuilders for a total of four new container ships, sources said.

According to TradeWinds, the shipping company is reaching shipbuilders in Korea, Japan, China and Taiwan for two 1,000teu and two 2,800teu container ships to expand its existing fleet.
“The negotiation is still in its early stage, and the company has not decided the delivery date yet,” an official from a shipbuilding company said.

T.S. Lines, on the other hand, is also understood as planning to purchase 4,000-6,000teu second-hand container ships, with exact number unknown.

The company is operating over 30 container vessels while owning only two of them. The shipping company will take delivery of two 1,800teu vessels in coming October and December from CSBC, a shipbuilder in Taiwan.

2017-08-11 11:27:31

US cruise operator Norwegian Cruise Line Holdings (NCLH) has seen its earnings further increase in the second quarter of 2017, reporting record quarterly earnings per share.

For the second quarter ended June 30, 2017, the company generated GAAP net income of USD 198.5 million compared to USD 145.2 million seen in the same period a year earlier.

Total revenue increased by 13.3% to USD 1.34 billion, from USD 1.18 billion reached in the same three-month period in 2016, while gross yield increased by 7.4%.

“Positive consumer sentiment in North American and key international markets has resulted in a robust booking environment that continues to be one of the strongest in recent history which, combined with our targeted strategic revenue initiatives drove second quarter revenue and yield growth well above expectations,” said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.

“All three of our brands benefited from strength across each of their respective markets and contributed to our second quarter earnings beat,” Del Rio added.

Driven by a strong operating environment and revenue initiatives, NCL now expects to generate record earnings for full year 2017, surpassing the high end of its prior full year guidance.

Adjusted EPS is now expected to be in the range of USD 3.93 to USD 4.03, up USD 0.14 from the previous guidance of USD 3.79 to USD 3.89.

“We are pleased to report strong booking trends across all markets for the back half of 2017 where pricing and occupancy are now up mid-single digits over prior year,” said Wendy Beck, executive vice president and chief financial officer of Norwegian Cruise Line Holdings.

“Strong booking volumes and firm pricing have benefited our booked business for the next four quarters, contributing to the increase of our 2017 full year outlook and further solidifying our expectation for strong earnings growth,” Beck added.

2017-08-11 11:15:30

On August,9th, 2017, we held a grand ceremony for the manufactured 38k DWT chemical stainless steel tanker (No. HT-CT38-006 ) at HT’s docks. This is a significant milestone for HT. The tanker is named as “SC SCORPIO ” and is made for Sinochem Shipping Co.,Ltd.. The company leaders, shipowner, Classification representatives all took part in the ceremony. After the ceremony, representatives of shipowner and Classification looked around the tanker and spoke highly of it.


2017-08-11 11:10:00

Brazilian mining giant Vale has finalized a sale agreement for two of its very large ore carriers (VLOCs) with China’s Bank of Communications Finance Leasing (Bocomm).

The company disposed of two 400,000 dwt Valemax bulkers for a total price of USD 178 million.

The amount agreed under the deal was received by Vale on August 8, at the delivery of the vessels, the mining firm informed.

Additionally, Vale said that it is negotiating the sale of its remaining two VLOCs, which is consistent with its strategy of strengthening its balance sheet and focusing on core assets.

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