Friday, December 17, 2010
Accommodation Barge For Sale -with 1600Ton Crane - Newbuilding- Worldoils Oil, gas and offshore equipment marketplace
Accommodation Barge For Sale -with 1600Ton Crane - Newbuilding- Worldoils Oil, gas and offshore equipment marketplace: "Newbuild Crane Work Barge with Accommodation For Sale"
ASD Tug For Sale - 4400BHP MULTI-PURPOSE ASD TUG- Worldoils Oil, gas and offshore equipment marketplace
ASD Tug For Sale - 4400BHP MULTI-PURPOSE ASD TUG- Worldoils Oil, gas and offshore equipment marketplace: "ASD Tug For Sale in Singapore, Malaysia, Indonesia"
Thursday, December 2, 2010
60Ton AHC Knuckle Boom Offshore Crane For Sale - New- Worldoils Oil, gas and offshore equipment marketplace
60Ton AHC Knuckle Boom Offshore Crane For Sale - New- Worldoils Oil, gas and offshore equipment marketplace: "60Ton AHC Knuckle Boom Offshore Crane For Sale - New"
Wednesday, December 1, 2010
Tuesday, November 16, 2010
SDRL - Seadrill orders new ultra-deepwater drillships for delivery in 2013
Hamilton, Bermuda, November 11, 2010 - Seadrill has entered into a turnkey contract to build up to four new ultra-deepwater drillships at the Samsung yard in South Korea. The first two drillships are firmly ordered with delivery in the first and second quarter 2013, respectively. Total project price per rig is estimated to be less than US$600 million, which includes a turnkey contract with the yard, project management, drilling and handling tools, spares, capitalized interest and operations preparations. The contract further includes a fixed price option for further two drillships to be declared during the first quarter 2011.
The dual derrick drillships are of an improved design compared to the three previous drillships Seadrill has taken delivery of from Samsung, with further enhanced capacity related to water depth, technical capabilities as well as increased accommodation capacity. The new dynamic positioning drillships will be capable of operations in water depths up to 12,000 feet and with a hook load capability of 1,250 tons especially targeting operations in challenging areas such as the Gulf of Mexico, Brazil and West Africa. The drillships will be the first newbuilds to be outfitted with seven ram configuration of the BOP (Blow Out Preventer) stack.
The decision to add another two ultra-deepwater newbuilds to the existing fleet is based on the continued strength of the offshore drilling market, the return that these investments are expected to deliver and the financial flexibility generated by the Company's contract backlog. The order of new drillships is considered financial superior to other alternative investments.
Alf C Thorkildsen, Chief Executive Officer of Seadrill Management AS, says: "Our commitment to establish Seadrill as a leading drilling contractor through investing in new high specification offshore drilling units built by quality yards has been well received by our customers and investors. With the most modern drilling fleet in the world and a total contract backlog of US$11.5 billion, we have created a solid platform for further growth and a continued high return to our shareholders. These orders confirm our positive view on the market outlook as well as our good experience with this design and the Samsung yard."
Jim Dåtland,
Vice President Investor Relations
Seadrill Management AS
+47 51 30 99 19
The dual derrick drillships are of an improved design compared to the three previous drillships Seadrill has taken delivery of from Samsung, with further enhanced capacity related to water depth, technical capabilities as well as increased accommodation capacity. The new dynamic positioning drillships will be capable of operations in water depths up to 12,000 feet and with a hook load capability of 1,250 tons especially targeting operations in challenging areas such as the Gulf of Mexico, Brazil and West Africa. The drillships will be the first newbuilds to be outfitted with seven ram configuration of the BOP (Blow Out Preventer) stack.
The decision to add another two ultra-deepwater newbuilds to the existing fleet is based on the continued strength of the offshore drilling market, the return that these investments are expected to deliver and the financial flexibility generated by the Company's contract backlog. The order of new drillships is considered financial superior to other alternative investments.
Alf C Thorkildsen, Chief Executive Officer of Seadrill Management AS, says: "Our commitment to establish Seadrill as a leading drilling contractor through investing in new high specification offshore drilling units built by quality yards has been well received by our customers and investors. With the most modern drilling fleet in the world and a total contract backlog of US$11.5 billion, we have created a solid platform for further growth and a continued high return to our shareholders. These orders confirm our positive view on the market outlook as well as our good experience with this design and the Samsung yard."
Contact:
Jim Dåtland,
Vice President Investor Relations
Seadrill Management AS
+47 51 30 99 19
Keppel shipyard liable for fire that gutted Aboitiz ship
MANILA, Philippines - The Supreme Court is standing pat on its decision ordering Keppel Cebu Shipyard, Inc. to pay a minimum of P330 million for the fire that burned down Aboitiz Transport System Corp.’s M/V Superferry 3 in 2000.
In a 5-page resolution, the high court’s 2nd division said there are no new grounds that would merit a reversal of its September 25, 2009 decision.
There, the high court saw that the shipyard was negligent in its duties.
The issue stemmed from the ship repair agreement that the then William, Gothong & Aboitiz, Inc. had executed with Keppel.
The agreement allowed the latter to renovate and reconstruct Superferry 3 in its dry docking facility.
While repairs were ongoing, a fire broke out and caused “evasive” damage to the ship. The fire was caused by hot works at a certain portion of the ship that were done despite the absence of a safety permit.
WG&A then subrogated its rights to Pioneer Insurance and Surety Corp., which then sought damages from the shipyard. The vessel had been insured for some P360 million.
The Construction Industry Arbitration Commission, where the case was first elevated, ordered Keppel to pay the insurer a minimum of P25 million.
The legal liability went up to P50 million when the Court of Appeals acquired jurisdiction over the case.
Pioneer however insisted that Keppel is liable for a bigger amount, prompting it to proceed to the high court.
Siding with the insurer, the high court said Keppel said could not make use of the WG&A’s subrogation of its rights to Pioneer in order to ask for limited liabilities.
It had said: “Subrogation is the substitution of one person by another with reference to a lawful claim or right, so that he who is substituted succeeds to the rights of the other in relation to a debt or claim, including its remedies or securities.”
The high court computed the liability at around P329.7 million, excluding interests.
This was later affirmed, but Keppel lodged a second motion for reconsideration in an attempt to have the full court look at its case.
In its latest ruling, the high court said “[the full court] is not an appellate court to which unfavorable decisions or resolutions of a division may be appealed.”
It stressed: “Insistent reiteration, in one form or another of arguments already passed upon and rejected cannot be countenanced. Under no circumstances may a litigant or counsel engage the court in indeterminable squabbling about the correctness of its orders and dispositions.”
This is an extract from http://www.abs-cbnnews.com/business/11/16/10/keppel-shipyard-liable-fire-gutted-aboitiz-ship
In a 5-page resolution, the high court’s 2nd division said there are no new grounds that would merit a reversal of its September 25, 2009 decision.
There, the high court saw that the shipyard was negligent in its duties.
The issue stemmed from the ship repair agreement that the then William, Gothong & Aboitiz, Inc. had executed with Keppel.
The agreement allowed the latter to renovate and reconstruct Superferry 3 in its dry docking facility.
While repairs were ongoing, a fire broke out and caused “evasive” damage to the ship. The fire was caused by hot works at a certain portion of the ship that were done despite the absence of a safety permit.
WG&A then subrogated its rights to Pioneer Insurance and Surety Corp., which then sought damages from the shipyard. The vessel had been insured for some P360 million.
The Construction Industry Arbitration Commission, where the case was first elevated, ordered Keppel to pay the insurer a minimum of P25 million.
The legal liability went up to P50 million when the Court of Appeals acquired jurisdiction over the case.
Pioneer however insisted that Keppel is liable for a bigger amount, prompting it to proceed to the high court.
Siding with the insurer, the high court said Keppel said could not make use of the WG&A’s subrogation of its rights to Pioneer in order to ask for limited liabilities.
It had said: “Subrogation is the substitution of one person by another with reference to a lawful claim or right, so that he who is substituted succeeds to the rights of the other in relation to a debt or claim, including its remedies or securities.”
The high court computed the liability at around P329.7 million, excluding interests.
This was later affirmed, but Keppel lodged a second motion for reconsideration in an attempt to have the full court look at its case.
In its latest ruling, the high court said “[the full court] is not an appellate court to which unfavorable decisions or resolutions of a division may be appealed.”
It stressed: “Insistent reiteration, in one form or another of arguments already passed upon and rejected cannot be countenanced. Under no circumstances may a litigant or counsel engage the court in indeterminable squabbling about the correctness of its orders and dispositions.”
This is an extract from http://www.abs-cbnnews.com/business/11/16/10/keppel-shipyard-liable-fire-gutted-aboitiz-ship
Tuesday, November 9, 2010
Container handling in Mangalore, Shipping Agents in Mangalore, Shipping Agency in Mangalore, Clearing and Forwarding in Mangalore, Shipping Consultancy in Mangalore, Survey work in Mangalore, Export & Import work in Mangalore, Customs work in Mangalore, Crew change in Mangalore
Container handling in Mangalore, Shipping Agents in Mangalore, Shipping Agency in Mangalore, Clearing and Forwarding in Mangalore, Shipping Consultancy in Mangalore, Survey work in Mangalore, Export & Import work in Mangalore, Customs work in Mangalore, Crew change in Mangalore: "Protective agents in Mangalore"
Container handling in Mangalore, Shipping Agents in Mangalore, Shipping Agency in Mangalore, Clearing and Forwarding in Mangalore, Shipping Consultancy in Mangalore, Survey work in Mangalore, Export & Import work in Mangalore, Customs work in Mangalore, Crew change in Mangalore
Container handling in Mangalore, Shipping Agents in Mangalore, Shipping Agency in Mangalore, Clearing and Forwarding in Mangalore, Shipping Consultancy in Mangalore, Survey work in Mangalore, Export & Import work in Mangalore, Customs work in Mangalore, Crew change in Mangalore: "Imports and Exports in Mangalore"
Thursday, November 4, 2010
AHTS for Sale
AHTS for Sale
Anchor Handling Vessel For Sale
10800bhp AHTS for sale - New building - Delivery 2011
Newbuilding 10800bhp AHTS for Sale
Anchor Handling Vessel For Sale
10800bhp AHTS for sale - New building - Delivery 2011
Newbuilding 10800bhp AHTS for Sale
Ocean Shipping Company Costamare Falls After IPO
By LYNN COWAN
Marine shipping company Costamare Inc. shares lost ground on their first day of trading Thursday.The company had cut the offering price ahead of the listing.
Costamare's stock opened at $12 a share on the New York Stock Exchange, flat with its initial public offering price. It sold 13.3 million shares at a level below its $15 to $17 range. In 4 p.m. composite trading, shares fell 15 cents, or 1.3%, to $11.85.
Headquartered in Greece, Costamare operates a fleet of 41 container ships, which carry cargo in individual containers that can later be attached to trains or trucks.
Its offering follows the debut of container leasing company SeaCube Container Leasing Ltd. last week, which also priced below its expected range. SeaCube rose 10% on its first day and has since added to its gains.
Like SeaCube's industry, Costamare's marine shipping business is highly sensitive to global economic conditions, and the company's fleet fluctuations reflect that. Costamare grew from 21 ships in 2000 to a peak of 53 in 2008, and has since decreased its size to 41 in response to market conditions. Its revenue grew until 2009, when it declined 6%, and it fell a further 14% in the first half of 2010; in both cases the decline was because of the lower average number of vessels in its fleet. Net income has bounced around in recent years. It rose in 2009 but fell 35% in the first half of this year.
Now, the company is tapping the IPO market to expand and upgrade its fleet with newer ships, on the premise that vessel prices remain below their 10-year historical averages even though the charter market for container ships has improved this year. The company in September entered agreements to acquire a total of seven new and secondhand container ships, and has lined up a loan conditioned upon the company completing its IPO.
Although current container ship charter rates remain low compared with highs seen in 2005, the company says in its prospectus that there are initial signs of recovery; time charter daily rates nearly doubled in the first nine months of 2010 compared with 2009. Its ships had a utilization rate of 99.8% in the first half of the year, with very few unscheduled off-hire days.
The company plans a dividend of $1 annually, which yields 8.3% at the IPO price.
Morgan Stanley and Bank of America-Merrill Lynch managed Costamare's offering
Write to Lynn Cowan at lynn.cowan@dowjones.com
This is an extract from http://online.wsj.com/article/SB10001424052748704805204575594712500683670.html
Wednesday, November 3, 2010
Monday, November 1, 2010
International Towage - Worldwide Emergency Towage - International Emergency Towage- Worldoils Oil, gas and offshore equipment marketplace
International Towage - Worldwide Emergency Towage - International Emergency Towage- Worldoils Oil, gas and offshore equipment marketplace: "Handling and tranportation of project cargoes"
International Towage - Worldwide Emergency Towage - International Emergency Towage- Worldoils Oil, gas and offshore equipment marketplace
Sunday, October 31, 2010
Tuesday, October 26, 2010
Landing Craft for sale - LCT for sale - LCT type Cargo/RORO Ship - Built 1981 Rebuilt 2005- Worldoils Oil, gas and offshore equipment marketplace
Landing Craft for sale - LCT for sale - LCT type Cargo/RORO Ship - Built 1981 Rebuilt 2005- Worldoils Oil, gas and offshore equipment marketplace: "Landing Craft for sale - LCT for sale - LCT type Cargo/RORO Ship - Built 1981 Rebuilt 2005"
Thursday, October 7, 2010
60Ton AHC Knuckle Boom Offshore Crane For Sale - New- Worldoils Oil, gas and offshore equipment marketplace
60Ton AHC Knuckle Boom Offshore Crane For Sale - New- Worldoils Oil, gas and offshore equipment marketplace: "Offshore Crane for Sale - Knuckle Boom - Active Heave Compensated"
Sunday, October 3, 2010
Saturday, October 2, 2010
VLCCF - Announces Pricing of Public Offering
Hamilton, Norway, Sep 30, 2010 (Thomson Reuters ONE via COMTEX) -- Knightsbridge Tankers Limited Announces Pricing of Public Offering Knightsbridge Tankers Limited (the "Company" or "Knightsbridge") /quotes/comstock/15*!vlcc.f/quotes/nls/vlccf (VLCCF 18.81, -0.09, -0.48%) announced today the pricing of its previously announced underwritten public offering of 4,250,000common shares at a price of $19.00 per share.The common shares are being offered pursuant to the Company's effective shelf registration statement.The proceeds of the offering are expected to be used to repay indebtedness, fund a portion of the purchase price for a newbuilding Capesize drybulk carrier, the Golden Zhejiang that the Company has agreed to acquire from Golden Ocean Group Limited, or Golden Ocean, subject to certain conditions. The remainder of the net proceeds are expected to be used to fund future vessel acquisitions, for working capital and for general corporate purposes. The Company expects to close the offering of the common shares on October 5, 2010, subject to customary closing conditions.
As part of the vessel acquisition, the Company expects to issue to Golden Ocean 973,684 restricted common shares, for an aggregate value of approximately $18.5 million based on the price to public in the offering of $19.00 per share. The agreement to acquire the Golden Zhejiang is subject to conditions, including the completion of definitive documentation and customary closing conditions, the successful completion of the offering and the refinancing of the Company's amended credit facility with Nordea Bank Norge ASA, or Nordea, for which the Company has obtained a commitment letter from Nordea.
BofA Merrill Lynch is acting as the bookrunning manager and DnB NOR Markets and Nordea Markets are acting as co-managers for the offering. The Company has granted the underwriters a 30-day option to purchase up to 637,500 additional shares to cover overallotments.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The offering is being made by means of a prospectus and related prospectus supplement. A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus and prospectus supplement relating to the offering may be obtained from the offices of BofA Merrill Lynch at 4 World Financial Center, New York, New York 10080, Attention: Preliminary Prospectus Department or by email at dg.prospectus_requests@baml.com.
As part of the vessel acquisition, the Company expects to issue to Golden Ocean 973,684 restricted common shares, for an aggregate value of approximately $18.5 million based on the price to public in the offering of $19.00 per share. The agreement to acquire the Golden Zhejiang is subject to conditions, including the completion of definitive documentation and customary closing conditions, the successful completion of the offering and the refinancing of the Company's amended credit facility with Nordea Bank Norge ASA, or Nordea, for which the Company has obtained a commitment letter from Nordea.
BofA Merrill Lynch is acting as the bookrunning manager and DnB NOR Markets and Nordea Markets are acting as co-managers for the offering. The Company has granted the underwriters a 30-day option to purchase up to 637,500 additional shares to cover overallotments.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. The offering is being made by means of a prospectus and related prospectus supplement. A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus and prospectus supplement relating to the offering may be obtained from the offices of BofA Merrill Lynch at 4 World Financial Center, New York, New York 10080, Attention: Preliminary Prospectus Department or by email at dg.prospectus_requests@baml.com.
Stolt-Nielsen places order for two new bitumen tankers
Sep 28, 2010 (Datamonitor via COMTEX) --
Stolt-Nielsen, a shipping company, has announced that its wholly owned subsidiary Stolt Bitumen Services, or SBS, signed an agreement with Nanjing East Star Shipbuilding in China for the purchase of up to four 3,500 deadweight ton bitumen tanker newbuildings due for delivery from March 2012.
Under the terms of the agreement, SBS has placed firm orders for two ships and holds options to purchase two additional ships.
Niels Stolt-Nielsen, CEO of Stolt-Nielsen, said: "Our bitumen fleet newbuilding program is part of SBS's ongoing development of a distribution network in Asia-Pacific, including terminals, bitumen tankers and bitutainers. With the addition of these new high quality newbuildings, SBS will operate four bitumen tankers to meet the growing transportation requirements of our customers."
http://www.datamonitor.com/
Stolt-Nielsen, a shipping company, has announced that its wholly owned subsidiary Stolt Bitumen Services, or SBS, signed an agreement with Nanjing East Star Shipbuilding in China for the purchase of up to four 3,500 deadweight ton bitumen tanker newbuildings due for delivery from March 2012.
Under the terms of the agreement, SBS has placed firm orders for two ships and holds options to purchase two additional ships.
Niels Stolt-Nielsen, CEO of Stolt-Nielsen, said: "Our bitumen fleet newbuilding program is part of SBS's ongoing development of a distribution network in Asia-Pacific, including terminals, bitumen tankers and bitutainers. With the addition of these new high quality newbuildings, SBS will operate four bitumen tankers to meet the growing transportation requirements of our customers."
http://www.datamonitor.com/
New building orders pick up on improved market conditions
Hellenic Shipping News - 10.09.2010
Newbuilding order activity mainly on dry bulk carriers and tankers is picking up pace during the past few days, as owners have renewed their interest in investing into the renewal of their fleet. According to latest shipbroker reports, as much as 28 new building orders for vessels were made known, just during the past week. shipbroker Fearnley’s said that the contracts
Source:http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=119967&Itemid=93
Source:http://www.hellenicshippingnews.com/index.php?option=com_content&task=view&id=119967&Itemid=93
were evenly distributed between bulkers, tankers and container ships.
“The recent container ordering spree in combination with continued bulker and tanker demand has pushed prices somewhat up. Prices might continue its course upwards during the fall solely based on strong demand” the report said.
Among the orders, Hellenic Shipping News Worldwide pointed out that of Athen Sea Carriers, a company owned by the Kiriakou family. The company reportedly placed an order for a pair of VLCC crude carriers, which have been scheduled for delivery during 2012 and 2013 respectively. Both vessels will bear a capacity of 317,000-dwt and will be built at Hyundai Heavy. The cost of the order wasn’t disclosed, but current newbuilding prices for a VLCC stand at $102 million.
Newbuilding activity still on a roll, although reduced
Hellenic Shipping News - 24.09.2010
With dry bulk rates posting yet more losses this week, on weak market activity for iron ore, ship owners appear to refrain from making any decisions on placing more newbuilding orders for dry bulk vessels. Still, this shouldn’t be the way to go, as the volatility of the dry bulk market is so fierce, that no real strategic decisions should be based on it. Instead, owners should focus on getting more for their money , looking at newbuilding price patterns and the overall prospects of the market, in terms of cargo demand, in comparison with the current flurry of newbuilding vessels delivered.
According to a latest report from Fearnley’s 20 ships were ordered during the past week. “A relatively large share comes from French owner, Jaccar Holding, who ordered 8 ethylene carriers at Sinopacific in China. On the tanker side, Frontline, reported to have added one more VLCC at Jinhaiwan. Frontline have now 5 ships on order at the same yard. The total order intake remains stable, hence prices remain at last week levels” said Fearnley’s. Just for reasons of comparison, last week proved to be rather active in the newbuilding front, with shipbroker Golden Destiny reporting 50 vessels ordered, equalling a total deadweight around 1,868,755 tons, while at similar week of 2009 only 2 orders have been reported in the offshore sector. In terms of reported number of transactions, the bulk carrier sector domains in the newbulidng business holding around a 52% share of the market with kamsarmax being the most popular vessel type.
This is an extract from http://www.balkans.com/open-news.php?uniquenumber=72009
Friday, October 1, 2010
Tuesday, September 28, 2010
Wednesday, September 8, 2010
World Marine Directory, World Shipping Directory, Ship Equipment suplliers, Ship Sale and Purchase website, Ship Equipment Sale and Purchase online, Newbuild Vessels, Used shipsfor sale, Used Tankers, Used Bulkers
Wednesday, August 25, 2010
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