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2018-06-04 17:03:02

South Korean shipbuilder Samsung Heavy Industries has received an order to build four shuttle tankers for petroleum tanker owner and operator AET.

The company is paying KRW 392.3 billion (USD 365.6 million) for the units, which are scheduled for delivery in 2020, the shipbuilder said in a stock exchange filing.

The order comes on the back of an agreement reached between AET, a wholly-owned subsidiary of MISC Bhd, and the Brazilian petroleum corporation Petrobras, through which the companies aim to extend their partnership in the DP2 shuttle tanker sector.

Featuring 152,000 dwt, the four specialist DP2 Suezmax tankers will be contracted to Petrobras for operations in international and Brazilian waters.

Compliant to IMO NOx Tier 3 requirement, the new vessels will be in addition to the two AET DP2 ships currently on charter in the Brazilian Basin for Petrobras.

2018-06-04 15:52:24

Chinese shipbuilder Hudong-Zhonghua Shipbuilding delivered CESI Lianyungang, the final LNG carrier built for SINOPEC's LNG project, on May 31.

Ordered by the joint venture of Mitsui O.S.K. Lines (MOL), China COSCO Shipping Corporation Limited (CCSC) and China Petroleum & Chemical Corporation (SINOPEC), CESI Lianyungang is the sixth vessel in the China LNG Transportation Project.

The 174,100 cbm newbuild will sail under a long-term charter transporting LNG that SINOPEC purchases from the Australia Pacific LNG Project. With a length of 290 meters and a width of 45.6 meters, CESI Lianyungang can reach a speed of 19.5 knots.

The abovementioned project follows the ExxonMobil LNG project which included the construction of four LNG carriers delivered by Hudong by April 2016.

The five vessels already delivered for the project are jointly owned by MOL (20%), CCSC and SINOPEC (80%).

MOL is currently involved in the operation of 96 LNG carriers — including FSRUs — and vessels under construction.

2018-05-30 17:27:51

Monaco-based shipowner Scorpio Tankers has decided to sell and leaseback six MR product tankers to China Huarong Shipping Financial Leasing.

The ships in question are STI Opera, STI Virtus, STI Venere, STI Aqua, STI Dama, and STI Regina.

As explained, the lease financing arrangements are part of the company's new financing initiatives that were announced in April 2018.

As part of the agreements, the company will bareboat charter-in the vessels for a period of eight years. Additionally, the company has purchased options beginning at the end of the third year of each agreement. There is also a purchase obligation for each vessel upon the expiration of each agreement.

Upon completion, the company's liquidity is expected to rise by USD 48 million in aggregate after the repayment of outstanding debt.

These lease financing arrangements are subject to customary conditions precedent and the execution of definitive documentation, according to Scorpio Tankers.

Earlier in May, Scorpio Tankers also inked sale and leaseback deals for three MR and two LR2 product tankers.

2018-05-29 17:34:28

German cruise line AIDA Cruises, part of Carnival Corporation, has revealed plans to expand its fleet with one more ship in 2019.

To be named AIDAmira, the ship will be deployed in the company’s Selection program, sailing to South Africa.

As informed, the vessel in question is Costa neoRiviera and will be transferred from Costa Cruises’ fleet.

“The feedback we have received from our guests and the high demand for our AIDA Selection program continually inspires us to keep expanding our variety of routes (…) Therefore, we are very pleased to have found with the Costa neoRiviera the perfect ship within the Costa Group for our explorer fleet at such short notice. Many of our guests have been hoping for AIDA cruises to South Africa for a long time. I am pleased that we are now able to fulfill this wish,” Felix Eichhorn, President AIDA Cruises, commented.

Currently, AIDA Selection program includes three ships – AIDAaura, AIDAcara and AIDAvita.

Following remodeling and refurbishment works, AIDAmira is scheduled to depart on its maiden voyage on December 4, 2019, from Palma, Majorca.

AIDA Cruises will welcome a new fleet member also in November 2018, when AIDAnova is expected to be delivered to the cruise line. Apart from AIDAnova, two more newbuilds will join AIDA Cruises in 2021 and 2023, bringing the company's fleet to sixteen ships.

2018-05-29 16:35:42

Rosnefteflot, part of Russia’s petroleum company Rosneft, has signed a contract with compatriot Zvezda shipyard for the construction of a 69,000 dwt shuttle tanker.

The contract, inked during the St. Petersburg International Economic Forum held from May 24 to 26, 2018, includes an option to build a second similar vessel.

At the same time, a 20-year charter agreement was signed between Rosneft and Rosnefteflot.

The tanker will feature Arc6 ice class and will be used for export of oil and petroleum products from Trebsa and Titova fields, according to Rosneft.

Arc6 tankers are designed for operations where ice thickness is up to 1.5 meters and ambient temperature is down to -45 degrees.

With a length of 257 meters, a width of 34 meters and a speed of 15.5 knots, the vessel will be built under the supervision of the Russian Maritime Register and will be operated under the flag of the Russian Federation.

Back in September 2017, Rosneft signed with Zvezda an agreement of intent related to the construction of shuttle tankers of the ice class Arc6-Arc7. The total order placed with Zvezda includes 26 vessels. Out of these, twelve tankers of ice class Arc6-Arc7 have been ordered, as informed by Rosneft.

2018-05-29 15:45:12

The newest containership giant, being built for French shipping major CMA CGM, has been launched at a shipyard in the Philippines.

The 20,600 TEU containership CMA CGM Louis Bleriot was launched by the Subic-based shipbuilder Hanjin Heavy Industries and Construction – Philippines (HHIC-Phil) on April 21.

Measuring roughly 400 meters in length, the unit is the third ultra large container vessel (ULCV) to be built by HHIC-Phil for CMA CGM.

Following the launching, the containership underwent rigid technical inspections and sea trials.

CMA CGM Louis Bleriot is scheduled for delivery in September 2018.

On May 25, the shipbuilder held the naming and delivery ceremony for CMA CGM’s second 20,600 TEU containership, CMA CGM Jean Mermoz. The newbuild will be deployed in French Asia Line 1 which connects Asia to Northern Europe.

2018-05-17 17:47:05

Owner and operator of dry bulkers GoodBulk took delivery of a 2011-built Capesize vessel,the Aquacarrier, on May 14.

Featuring 175,935 dwt, the Capesize is the final one to deliver out of the six option vessels acquired from funds managed by CarVal Investors in December 2017.

The purchase was financed with a combination of cash on hand, availability under existing credit facilities and the issuance of 1,150,689 new common shares to funds managed by CarVal.

The vessel, built by China’s Jinhai shipyard, is to be employed in the spot market via the Capesize Revenue Sharing Agreement (Capesize RSA) managed by C Transport Maritime SAM (CTM).

Additionally, GoodBulk informed that it completed the fifth, and final, closing of the December 2017 Rights Offering issuing 268,577 shares for gross proceeds of USD 4.09 million in early May.

GoodBulk controls a fleet of 24 dry bulk vessels, including 21 Capesize vessels, 1 Panamax vessel, and 2 Supramax vessels, with an additional Capesize vessel expected to be delivered by July 2018.

2018-05-17 17:41:19

Greek shipowner Tsakos Energy Navigation (TEN) has booked the construction of two Long Range (LR2)/Aframax tankers at South Korean shipbuilder Daehan Shipbuilding, data from Asiasis shows.

The two ships are scheduled for delivery in October 2019 and January 2020.

Price details of the order have not been disclosed.

TEN is yet to provide World Maritime News with a comment on the matter.

The order is being reported on the back of the completion of TEN’s 15-vessel newbuilding program in the fourth quarter of last year. In addition, the tanker owner and operator has been offloading some of its older tonnage as well.

Just last month, the company sold its oldest very large crude carrier (VLCC), the 1998-built Millennium, for demolition.

TEN’s fleet consists of 64 double-hull vessels totaling 6.9 million dwt. Of these, 46 vessels trade in crude, 13 in products, three are shuttle tankers and two are LNG carriers.

Despite a difficult tanker market, the Greek tanker shipping company ended 2017 in the black with a net income TankerofTanker USD 20.4 million.

However, the full-year profit was halved when compared to 2016 when TEN’s net income stood at USD 55.7 million.

The company is scheduled to report earnings for the first quarter of 2018 on Friday, June 15, 2018.

2018-05-17 17:36:50

Keppel Singmarine, Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary, has secured contracts from Van Oord to build two high-specification Trailing Suction Hopper Dredgers (TSHDs).

The two dredgers are expected to be completed in 4Q 2020 and 2Q 2021 respectively. As part of the contracts, Van Oord has an option to order a third dredger to be exercised within one year.

When completed, the two TSHDs will each have a hopper capacity of 10,500 cubic meters. Built to the requirements of the classification society, Bureau Veritas, the two dredgers will be equipped with dual-fuel systems capable of running on LNG.

"Keppel is currently constructing five other dredgers, and we are able to build on our experience and capabilities to meet Van Oord’s needs,” Abu Bakar, Managing Director at Gas & Specialised Vessels, Keppel O&M, said.

"Last month we already launched our first LNG powered crane vessel. The TSHDs will be the first LNG hopper dredgers in our fleet,” Jaap de Jong, Staff Director, Ship Management Department at Van Oord, said.

2018-05-14 16:14:30

Hunter Group revealed that its board has decided to exercise options for the construction of three additional very large crude carriers (VLCC) at Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME).

As informed, each of the option vessels has a price of USD 82.8 million, plus USD 2.7 million for scrubber.

Estimated delivery times for the three 300,000 dwt ships are May 31, 2020, June 30, 2020, and August 31, 2020.

The agreement is expected to be signed in the near future, according to the company.

What is more, Hunter Group has received three new options from the shipyard for identical technical specifications. The options are each priced at USD 92 million, including scrubber, and scheduled for delivery in the first half 2021. These new options will expire August 15, 2018, the company said.

Last month, Hunter Group entered into a definitive back-to-back contract transfer agreement with Apollo Asset for the transfer of shipbuilding contracts for four VLCCs. Previously, Apollo had offered to transfer ownership of up to seven VLCCs to Hunter Group.

Now, Hunter Group has received satisfactory refund guarantees for the first three VLCCS to be constructed at DSME and has made the first instalment for each contract, totaling USD 25.56 million, to the shipyard. The second instalments will be made between January 20 and March 20, 2019, and the vessels are scheduled for delivery in the fourth quarter of the year. The costs for each vessel is USD 82.5 million, plus USD 2.7 million for scrubber.

The company also informed the board will make the first instalment of USD 8.55 million for the fourth vessel once the refund guarantee is in place. The total cost for the tanker is USD 82.8 million, plus scrubber. The board anticipates that the refund guarantee will be in place within the next few weeks. The second instalment is scheduled for January 20, 2019, with the delivery expected in the fourth quarter of 2019.

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