Ship Sales & Purchase
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2018-07-05 17:31:34

The world’s first Sayaringo STaGE next generation LNG carrier, Diamond Gas Orchid, has been delivered to Diamond LNG Shipping, a joint venture between Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK).

The classification society American Bureau of Shipping (ABS) classed the next generation LNG carrier, which was ordered through MI LNG Company, constructed by Nagasaki-based Mitsubishi Heavy Industries Marine Structure and delivered by Mitsubishi Shipbuilding.

The carrier introduces significant improvements in both LNG-carrying capacity and fuel performance by incorporating a more efficient hull structure and an innovative hybrid propulsion system. The vessel is intended for operation in Louisiana, transporting LNG for the Cameron LNG project.

“As a global leader in LNG, ABS is proud to support continued innovation in the sector and help advance another industry first,” Jamie Smith, ABS Senior Vice President and Chief Business Development Officer, said.

“With newly designed cargo tanks and a hybrid propulsion, this next generation carrier can carry more LNG and minimize fuel costs.”

Diamond Gas Orchid features a continuous steel cover that reduces ship weight and air resistance while increasing LNG-carrying capacity. The unit is the first Sayaringo STaGE vessel to have both the next generation LNG cargo tank structure and propulsion system.


2018-07-03 17:27:13

Seabourn Cruise Line, a brand of the Carnival Corporation, has signed a letter of intent for two ultra-luxury expedition vessels.

The first delivery is expected in June 2021 and the second ship is anticipated in May 2022.

The 170-meter, 23,000 gross ton vessels will add new capacity for Seabourn in Antarctica, the Arctic, and other destinations around the world. The units will meet PC6 Polar Class standards and will be capable of accommodating up to 264 guests.

The contract was unveiled following the creation of a new partnership to build cruise vessels between Italian luxury cruise shipbuilding company T. Mariotti and Damen Shipyards Group.

The partnership, which will operate under a new common brand, Mariotti Damen Cruise, is a“complementary fusion of expertise and facilities that will focus on the construction of cruise vessels,” according to Damen.

2018-07-02 16:17:46

Greek boxship owner Diana Containerships has completed the sale of one of its Post-Panamax vessels, the m/v Puelo.

The 6,541 TEU ship has been delivered to its new owner, Diana said.

Although Diana has not disclosed the name of the buyer, VesselsValue’s data shows that the ship was sold for USD 20.5 million to Japanese shipping company MOL in May this year.

After the delivery of the 2006-built vessel, the company intends to prepay approximately USD 19.4 million of its existing indebtedness, after which the outstanding indebtedness will be approximately USD 19.5 million. That amount is expected to be settled upon completion of the previously announced sale of the m/v Hamburg, latest by July 31, 2018, according to Diana.

Upon completion of the sale of m/v Hamburg, Diana Containerships’ fleet will consist of four container vessels — two Post-Panamaxes and two Panamaxes.



2018-07-02 15:20:28

South Korea's shipbuilder Samsung Heavy Industries has received a contract to construct two special-purpose ships for a European company.

According to the shipbuilder's stock exchange filing, the deal has a value of around KRW 266.1 billion (USD 240 million).

The special-purpose units are scheduled for delivery to the unnamed owner by the end of January 2021.

Samsung Heavy did not unveil any further details related to the units on order.

In a separate statement, the shipbuilder said it agreed with Ocean Rig to delay the delivery of a drill ship from January 2019 to September 2020.

2018-06-28 17:33:05

Swiss-based Nova Marine Carriers is embarking upon an ambitious fleet investment plan which has seen the company sign a construction deal for 18 bulkers in China.

Namely, the company has placed an order for six 8,000 dwt and 12 6,000 bulk carriers at Chinese Zhejiang Xinle Shipbuilding.

As disclosed by the shipbuilder, the design of the new bulkers allows for improved energy-saving and operating efficiency.

Nova Marine Carriers has a ten-year old cooperation with Xinle Shipbuilding during which it has ordered the construction of over 30 ships at the yard.

The company has 27 live vessels, four bulkers and 23 small dry ships, according to the data from VesselsValue, as well as three second-hand Handysize bulkers set to be delivered. In addition, the company has stake in four MPP vessels via joint ventures with Carisbrooke Shipping and Algoma Central.

2018-06-28 15:43:52

Chinese shipping firm SITC International Holdings has placed an order for the construction of two container vessels from China’s Yangzijiang Shipbuilding.

Under the deal, unveiled on June 26, the shipowner is to pay USD 58 million for the boxship duo. The new vessels will feature a minimum container intake of around 34,800 tons each.

The first ship from the batch is scheduled for delivery by the end of September 2020, while the second vessel is set to join its owner by the end of November 2020.

SITC International said that the aggregate consideration under the shipbuilding contracts will be paid through internal resources and/or external financing.

The company decided to order additional vessel to meet the increase in demand for its services.

2018-06-26 17:25:32

Monaco-based ship owner and operator GasLog held a keel laying ceremony for its new liquefied natural gas (LNG) carrier at Samsung Heavy Industries’ shipyard on June 18.

The new unit will feature a capacity of 180,000 m3, XDF propulsion with a 0.07% boil off rate and reliquefaction, GasLog informed.

The company added that the new LNG carrier, which will have a length of 280 meters and a beam of 26.2 meters, is scheduled for delivery in July 2019.

GasLog placed the order for the unit in September 2016. At the time, the company said that it signed a time charter party with UK-based utility company Centrica to charter the vessel for a period of seven years, starting from the second half of 2019.

Data provided by Vessels Value shows that the LNG carrier has a market value of USD 191.2 million.

Apart from this unit, GasLog has four more LNG carriers on order with the South Korean shipbuilder, two of which are expected to join the fleet in 2019, while the remaining duo would be handed over to its owner in 2020.

2018-06-26 15:03:41

Taiwanese shipping company Wisdom Marine Lines is steaming ahead with its fleet build-up plans.

To that end, the company has approved the purchase of a 82,400 dwt Nox Tier III bulk carrier from Japan Marine United Corporation (JMU).

Wisdom Marine plans to assign a total of USD 34 million for the construction of the ship.

Japanese shipbuilders have been the preferred builders of Wisdom Marine’s recent newbuildings.

Namely, in February this year the company invested USD 68 million in two new NOx Tier III Kamsarmaxes, which will also be built by JMU. The order came on the back of a similar deal reached with Imabari Shipbuilding in January. Specifically, Imabari will build two 37,800 dwt bulker newbuildings for a total of USD 49 million.

The order came on the heels of a buying spree from the end of last year which saw Wisdom Marine order two 61,000 dwt bulkers from Tokyo-based builder Kawasaki Heavy Industries and buy a 63,700 dwt bulk carrier from Chijing Shipping.

Based on the company’s website data, there are 14 ships under construction for the company at seven Japanese yards.  Three ships are set for delivery this year, four are set to follow in 2019, six in 2020 and one in 2021.

2018-06-26 14:51:34

E.A. Temile Development Company of Nigeria Limited (Temile) has inked a contract with South Korean shipbuilder Hyundai Mipo Dockyard (HMD) for one firm and one optional 23,000 cbm liquefied petroleum gas (LPG) carrier.

“Whilst Temile has extensive experience in numerous sections of the oil and gas industry in Nigeria with particular interest in the offshore shipping and logistics sector, our entrance into LPG shipping is a new and exciting venture for us. We feel in very safe hands to have ordered a LPG carrier at Hyundai Mipo Dockyard and believe this will increase the local content of Nigerian investors in the LPG space,” Temile’s Chief Executive Alfred Temile said.

According to S.Y. Park, the Executive Vice President & Chief Marketing Officer of Hyundai Heavy Industries, the order from Temile was secured under a competitive tender process in close co-operation with Nigeria LNG.

The firm eco-design ship will be delivered within the first quarter of 2020 and then placed on time charter to Nigeria LNG Limited.

Temile, a 100 pct Nigerian owned and managed company, ventured into the marine/offshore support vessels sector five years ago. The company’s fleet comprises of 16 offshore vessels all built within the last 5 years.

2018-06-25 17:38:09

Italian shipbuilder Fincantieri has held a float-out ceremony of Costa Venezia, the first Costa cruise ship designed and built specifically for the Chinese market.

The ceremony was held on June 22 at the shipyard in Monfalcone, where the ship is being built for Costa Cruises, the Italian company of Carnival Corporation.

At a length of 323 meters and measuring 135,500 gross tons, Costa Venezia will enter service in March 2019, once the interior fittings have been completed.

With a capacity of more than 5,100 guests, Costa Venezia will be Costa largest ship operating homeport cruises from China.

“As our first ship built specifically for the Chinese market, Costa Venezia marks a new era not just for Costa Cruises and Fincantieri but for the Chinese cruise industry as a whole,” Mario Zanetti, president of Costa Group Asia, said.

Before arriving to China next May, Costa Venezia will set sail for two cruises, both departing from the Italian port of Trieste. On March 3, 2019 the vernissage cruise to Greece and Croatia, followed on March 8 by a 53-day inaugural cruise, making its way through the Mediterranean, the middle east, Southeast and East Asia, before arriving at Tokyo.

Starting from mid-May 2019, Costa Venezia will be dedicated to Chinese guests, with homeport in Shanghai.

Costa Venezia will also be followed by the launch of its sister ship in 2020, being built by Fincantieri at Marghera shipyard. These two new ships for Asia will bring to 14 the total number of Costa ships built by Fincantieri in Italy, for a total investment of over EUR 6 billion.

Overall, the Costa Group currently has seven new ships on order by 2023. Costa Venezia will be followed by Costa Smeralda, the new flagship of Costa Cruises, scheduled for delivery in October 2019.


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