CMA CGM - The first shipping company to choose liquefied natural gas for its biggest ships

CMA CGM - The first shipping company to choose liquefied natural gas for its biggest ships

On the occasion of the COP23 in Bonn (Germany), the CMA CGM Group, a world leader in maritime transport, has announced its decision to equip its 9 future ships of 22,000 TEUs (Twenty-foot Equivalent Unit), delivered in …
Nov 7, 2017 /  Curious
WFW advises lenders on US$318m loan facility for five newbuildings

WFW advises lenders on US$318m loan facility for five newbuildings

International law firm Watson Farley & Williams (WFW) has advised the lenders as lead counsel in relation to a US$318m syndicated senior loan facility which finances the acquisition of five newbuildings built by …
Nov 7, 2017 /  Finance
Skangas to supply LNG to ESL Shipping’s bulk carrier newbuildings

Skangas to supply LNG to ESL Shipping’s bulk carrier newbuildings

Skangas and ESL Shipping have entered into an agreement for providing gas fuel to ESL’s LNG-powered bulk carrier newbuildings. These two new vessels will start operating during first half of 2018. The first of the …
Aug 24, 2017 /  Curious
Philly Shipyard announces TOTE Maritime as its partner under the previously disclosed LOI to build up to four new containerships

Philly Shipyard announces TOTE Maritime as its partner under the previously disclosed LOI to build up to four new containerships

Reference is made to a release Thursday (Aug 17) by Saltchuk where the company announced its plan to expand its domestic shipping services to Hawai'i under its TOTE Maritime brand (TOTE). Philly Shipyard, Inc. (PSI), a …
Aug 18, 2017 /  Curious
DHT Holdings announces completion of delivery of all vessels acquired from BW Group and transfer of two newbuilding contracts

DHT Holdings announces completion of delivery of all vessels acquired from BW Group and transfer of two newbuilding contracts

DHT Holdings, Inc. (NYSE:DHT) (DHT) announced that it has completed the delivery of the nine VLCCs acquired from the BW Group Limited and the contracts for the two newbuildings due for delivery in 2018 have been …
Jun 27, 2017 /  Vessels
Costamare Reports Results for Q12017 And Announces Newbuilds Charter Agreements

Costamare Reports Results for Q12017 And Announces Newbuilds Charter Agreements

Costamare Inc. (Costamare) (NYSE: CMRE) Thursday reported unaudited financial results for the first quarter ended March 31, 2017. Voyage revenues adjusted on a cash basis of $102.7 million for the three-months ended …
Apr 30, 2017 /  Finance
Scorpio Bulkers Announces Vessel Price Reductions Of Two Kamsarmax vessels

Scorpio Bulkers Announces Vessel Price Reductions Of Two Kamsarmax vessels

Scorpio Bulkers, Inc. (NYSE: SALT) announced today that with reference to the existing newbuilding orders it has reached agreements with a shipyard to reduce the price to be paid under the shipbuilding contracts of …
Dec 12, 2016 /  Curious
MAN Diesel & Turbo wins engine-supply contract from Fincantieri for three new cruise vessels

MAN Diesel & Turbo wins engine-supply contract from Fincantieri for three new cruise vessels

MAN Diesel & Turbo has won the engine-supply contract from Fincantieri for newbuildings ordered by Costa Asia and P&O Cruises, Australia. The two companies are members of Carnival Corporation & plc, …
Nov 9, 2016 /  Cruise
N8CT Inc. Secures $54.3M Loan Facility For Two 25,000 DWT Stainless Steel Chemical Tankers

N8CT Inc. Secures $54.3M Loan Facility For Two 25,000 DWT Stainless Steel Chemical Tankers

Navig8 Chemical Tankers Inc.(N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, yesterday announced that it has entered into a $54.3 million secured loan facility, which finances …
Nov 4, 2016 /  Finance
Frontline terminates four VLCC newbuilding contracts

Frontline terminates four VLCC newbuilding contracts

Frontline Ltd. (Frontline) (NYSE:FRO) today announced that it has entered into an agreement with STX Offshore & Shipbuilding Co., Ltd. (STX) to terminate contracts for four VLCC newbuildings due for delivery in 2017. …
Oct 14, 2016 /  Vessels