Mitsui Engineering and Shipbuilding (MES) recently completed the 110,000DWT bulk carrier ‘Nord Hercules’ (yard number 1,817) which had been under construction at its Chiba Works, and delivered her to her owner, Clio Marine of Liberia on January 21, 2011.
The vessel is the first ship of the new MES “over-Panamax” (post-Panamax) bulk carrier series. This ship has specifically been designed for greater efficiency in the maritime transport of iron ore, coal and grain in view of the future expansion of the Panama Canal.
Japanese export ship orders made a strong recovery in fiscal 2010, which ended on March 31, after sinking at their fastest pace in 17 years in the previous fiscal year.
According to figures released by the Japan Ship Exporters' Association, orders swelled 95.9 percent in fiscal 2010 to 12,421,600 gross tons, compared with 6,340,591 gross tons in fiscal 2009.
Wartsila has signed a turnkey contract with Tarbit Shipping of Sweden to convert a product tanker to LNG propulsion, and to supply the ship with a Wartsila LNGPac system for the safe and convenient storage of LNG onboard. This is the first order for a Wartsila LNGPac system.
The 25,000 dwt product tanker 'Bit Viking' is operated by Statoil along the Norwegian coastline, and the conversion will enable the vessel to qualify for lower NOX emission taxes under the Norwegian government's NOX fund scheme.
The European Commission has given the go ahead for deal that will see some of the most iconic names in German shipbuilding come under the control of a company based in the United Arab Emirates.
A proposed merger between Abu Dhabi Mar and ThyssenKrupp Marine System has been cleared by the \Commission under the EU Merger Regulations. The Commission concluded that the transaction would not significantly impede effective competition in the areas of civil and naval shipbuilding and repair in the European Economic Area (EEA) or any substantial part of it.
Drydocks World – Dubai has built the seismic vessel NB65 for its client WesternGeco. A naming ceremony for the vessel, now called ‘WG Cook’ was held at the Dubai yard on July 1, 2010. The ultra modern high capacity 12-streamer 3-D seismic vessel is the second built at the yard for WesternGeco, a business segment of Schlumberger and one of the world's leading geophysical services company.
Danaos Corporation (NYSE: DAC) announced that it has entered into an agreement with Hanjin Heavy Industries & Construction Co. Ltd. to cancel three 6,500 TEU newbuilding containerships, initially expected to be delivered in the first half of 2012.
Crude Carriers Corp. announced that it has agreed to acquire two modern sistership Suezmax-class oil tankers. Crude Carriers acquires two Suezmax tankers and expands its revolving credit facility. Crude Carriers Corp. yesterday announced that it has agreed to acquire two modern sistership Suezmax-class oil tankers, the M/T Amoureux (150,393 dwt) and the M/T Aias (150,096 dwt) from unrelated third parties, for a total purchase price of $66.2 million per vessel.
Frontline Ltd. announce the acquisition of two double hull VLCC tankers Callisto Glory and Andromeda Glory from an unrelated 3rd party. The two 321,300 dwt vessels are built by Daewoo Shipbuilding & Marine Engineering Co., Ltd. in South Korea in 2009 and are of high specification. The vessels are expected to be delivered in the period May to June 2010.
Crude Carriers Corp. (NYSE: CRU) announced that on March 26 it took delivery of the M/T Alexander the Great, a very large crude carrier (VLCC) with carrying capacity of 297,958 mt, from Universal Shipbuilding Corporation at the Ariake Shipyard in Japan. The M/T Alexander the Great is the first of the three vessels comprising the company's initial fleet and was acquired at a purchase price of $96.5m.
Stena Bulk of Sweden will be adding another two modern Suezmax vessels to their Stena Sonangol Suezmax Pool The 159,999 metric ton new building vessel, Yasa Scorpion, being constructed at Samsung Shipbuilding in Korea, is set to be delivered to Stena Bulk on twelve month T/C and consequently be inserted into the Pool in May this year when delivered from the yard.
Wärtsilä has signed a contract with the STX Finland Oy shipyard in Rauma, Finland, to deliver four Wärtsilä 32 engines for a Polar Supply and Research Vessel. The owner of the vessel will be the Republic of South Africa's Department of Environmental Affairs, and it will be operated by SMIT Amandla Marine, of South Africa.
Anangel Maritime Services Inc. the Group"s bulker arm, is the first Greek company to enter the VLOC market. “We have now converted three VLCCs into VLOCs and the fourth will be delivered early next year,” says Leonidas Zissimatos, the Technical Director of Anangel Maritime Services Inc., Athens.
CAPITAL Maritime & Trading, the Evangelos Marinakis-led tanker and dry bulk group, has marked its entry into very large crude carriers by acquiring a pair of near-300,000 dwt tankers from Cido Shipping. CAPITAL Maritime & Trading, the Evangelos Marinakis-led tanker and dry bulk group, has marked its entry into very large crude carriers by acquiring a pair of near-300,000 dwt tankers from Cido Shipping.
Tsakos Energy Navigation Limited (TEN) (NYSE:TNP) announced that it has signed a Memorandum of Agreement with a state oil company for the sale of the 2003-built aframax tankers Marathon and Parthenon for a combined price of $78m. One vessel will be delivered to its new owner at the end of February and the other at the end of April, at the expiration of their voyage charters.
Stena Bulk has confirmed an order for two in-house designed Suezmax tankers from Samsung, South Korea for delivery in 2011.
The 158,700 dwt vessels, with a length of 274 metres and a beam of 48 metres, will be when delivered the largest tankers in Stena Bulk’s fleet. Also included are two optional sister vessels, declarable spring 2010.
Mitsui Engineering and Shipbuilding (MES) recently completed the 110,000DWT bulk carrier ‘Nord Hercules’ (yard number 1,817) which had been under construction at its Chiba Works, and delivered her to her owner, Clio Marine of Liberia on January 21, 2011.
Greece's Angelicoussis Shipping Group is to convert another two VLCC newbuilding contracts to LNGCs.
Japanese export ship orders made a strong recovery in fiscal 2010, which ended on March 31, after sinking at their fastest pace in 17 years in the previous fiscal year.
Wartsila has signed a turnkey contract with Tarbit Shipping of Sweden to convert a product tanker to LNG propulsion, and to supply the ship with a Wartsila LNGPac system for the safe and convenient storage of LNG onboard. This is the first order for a Wartsila LNGPac system.
The European Commission has given the go ahead for deal that will see some of the most iconic names in German shipbuilding come under the control of a company based in the United Arab Emirates. 
Drydocks World – Dubai has built the seismic vessel NB65 for its client WesternGeco. A naming ceremony for the vessel, now called ‘WG Cook’ was held at the Dubai yard on July 1, 2010. 
Danaos Corporation (NYSE: DAC) announced that it has entered into an agreement with Hanjin Heavy Industries & Construction Co. Ltd. to cancel three 6,500 TEU newbuilding containerships, initially expected to be delivered in the first half of 2012.
Crude Carriers Corp. announced that it has agreed to acquire two modern sistership Suezmax-class oil tankers.
Frontline Ltd. announce the acquisition of two double hull VLCC tankers Callisto Glory and Andromeda Glory from an unrelated 3rd party. 
Crude Carriers Corp. (NYSE: CRU) announced that on March 26 it took delivery of the M/T Alexander the Great, a very large crude carrier (VLCC) with carrying capacity of 297,958 mt, from Universal Shipbuilding Corporation at the Ariake Shipyard in Japan. The M/T Alexander the Great is the first of the three vessels comprising the company's initial fleet and was acquired at a purchase price of $96.5m.
Stena Bulk of Sweden will be adding another two modern Suezmax vessels to their Stena Sonangol Suezmax Pool
Wärtsilä has signed a contract with the STX Finland Oy shipyard in Rauma, Finland, to deliver four Wärtsilä 32 engines for a Polar Supply and Research Vessel. The owner of the vessel will be the Republic of South Africa's Department of Environmental Affairs, and it will be operated by SMIT Amandla Marine, of South Africa.
Anangel Maritime Services Inc. the Group"s bulker arm, is the first Greek company to enter the VLOC market. “We have now converted three VLCCs into VLOCs and the fourth will be delivered early next year,” says Leonidas Zissimatos, the Technical Director of Anangel Maritime Services Inc., Athens.
Tsakos Energy Navigation Limited (TEN) (NYSE:TNP) announced that it has signed a Memorandum of Agreement with a state oil company for the sale of the 2003-built aframax tankers Marathon and Parthenon for a combined price of $78m. 
Stena Bulk has confirmed an order for two in-house designed Suezmax tankers from Samsung, South Korea for delivery in 2011.