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Posts Tagged ‘vessels’

STX OSV bags $281m contract to build 4 platform supply vessels

November 18th, 2010 | No Comments

STX OSV Holdings says it has secured new contracts with Farstad Shipping, a major international supplier of large, modern offshore support vessels. Valued at approximately NOK 1.3 billion ($281 million), the contracts include a total of four Platform Supply Vessels scheduled for delivery in 2012 and 2013.

Executive Director and Chief Executive Officer of STX OSV Roy Reite says, “We have had a long-standing relationship with Farstad Shipping, with approximately 30 vessels delivered over the last 20 years. We are very pleased that Farstad again chose our global operations for their newbuilding program, and we look forward to continuing the good relationship with Farstad.”

STX may list offshore, specialized vessels unit in Singapore

September 30th, 2010 | No Comments

STX Europe AS said it’s considering a listing of its offshore and specialized vessels unit in Singapore.

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Koon Holdings proposes bonus issue as well as sale of property and vessels

September 28th, 2010 | No Comments

Koon Holdings is proposing a bonus issue of up to 81,994,000 new ordinary shares , on the basis of one bonus share for every one existing ordinary share held by shareholders of the company.

Koon Holdings says the company is proposing the bonus Issue to increase the issued share capital base of the company to reflect the growth and expansion of the group’s business, and at the same time, to reward shareholders for their loyalty and continuing support of the company.

ASL Marine unit wins $55m contract to build 30 vessels

August 16th, 2010 | No Comments

ASL Marine Holdings says its wholly-owned subsidiary, ASL Shipyard Pte Ltd, has secured new shipbuilding contracts worth a total of $55 million for 30 vessels, comprising two Azimuth Stern Drive Tugs, one pipe-lay barge and 27 cargo barges.

The two of Azimuth Stern Drive Tugs are scheduled for completion by the first quarter of 2012. The barges are scheduled for progressive deliveries by the first quarter of 2011.

STX Pan Ocean to invest 195.5b won in vessels

August 12th, 2010 | No Comments

STX Pan Ocean Co., South Korea’s largest bulk-shipping line, plans to invest 195.5 billion won ($225 million) in vessels, according to a regulatory filing today.

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First Ship Lease Trust required to post US$4.8m as security for release of vessels

June 9th, 2010 | No Comments

First Ship Lease Trust says it has been notified that the amounts claimed for allegedly unpaid bunkers for Verona I and Nika I are US$1.6 million ($2.3 million) and US$2.5 million respectively.

To secure the release of the two vessels, First Ship Lease Trust says it has to post an aggregate amount of US$4.8 million as security to the respective courts, representing 8.5% of FSL Trust’s cash and cash equivalents of US$56.2 million as at 31 March 2010.

First Ship Lease Trust says its cashflow is expected to remain strong notwithstanding the posting of the required security amounts for the two vessels.

The company also says the total value of the claims is “not material” compared to its total equity of US$370 million as at 31 March 2010.

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Keppel delivers five vessels on schedule

May 25th, 2010 | No Comments

Keppel Singmarine, the specialised shipbuilding arm of Keppel Offshore & Marine, says it has delivered five ships safely and on time.

In addition, the five vessels, including a Multi-Purpose Supply and Support Vessel (MPSSV), an Anchor Handling Tug Supply (AHTS) vessel and three tugboats, have performed well during the sea trials.

Wilmar to buy four vessels for US$127.6m, takes options

May 20th, 2010 | No Comments

Wilmar International said it ordered four bulk carriers from Jiangsu Eastern Heavy Industry Co. and Sainty Marine Corp. for US$127.6 million ($179.1 million). The vessels, each with a capacity of 82,000 deadweight tons, will be delivered by the end of 2011, Wilmar said today in a statement to the Singapore stock exchange. The company has options for eight more vessels of the same size, it added.

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Mercator Lines charters out 2 vessels

April 29th, 2010 | No Comments

Mercator Lines (Singapore), the dry bulk shipper focused on markets such as India and China, says it has chartered out vessels on long-term contracts to leading dry bulk commodity players.

Marco Polo Marine disposes 8 vessels on a sale-and-leaseback arrangement for $8.8m

March 29th, 2010 | No Comments

Marco Polo Marine, the integrated marine logistic group, says wholly-owned subsidiary, Marco Polo Shipping Co., has entered into several agreements to dispose another eight Singapore-flagged vessels (tugs and barges) on a sale-and-leaseback arrangement with a related party for $8.8 million.

Cosco unit delays delivery of 4 more vessels to European ship owner

March 5th, 2010 | No Comments

Cosco Corporation (Singapore) says subsidiary Cosco (Zhoushan) Shipyard Co. has agreed to the requests by a European ship owner to reschedule the delivery dates of four 57,000 dwt bulk carriers it has ordered after negotiations.

Marco Polo Marine unit disposes 8 vessels on a sale-and-leaseback arrangement for $12m

January 20th, 2010 | No Comments

Integrated marine logistic group Marco Polo Marine says wholly-owned subsidiary, Marco Polo Shipping Co., entered into several agreements to dispose 8 Singapore-flagged vessels (tugs and barges) on a sale-and-leaseback arrangement with a related party for a total of about $11.9 million.

Following the sale, these vessels will be leased back to Marco Polo Shipping Co. as Indonesian-flagged vessels.

The sale-and-leaseback is expected to contribute positively to the group’s consolidated profit after tax for the first quarter ended Dec 31 in respect of the current financial year ending Sept 30 2010.

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C2O unit expands fleet with $18m order for 2 new vessels

January 8th, 2010 | No Comments

C2O Holdings says Valueright International, a subsidiary of its associate company Hadi International Marine Services, has placed orders for the construction of two offshore support vessels worth US$13 million ($18.2 million) with equipment.

Orders for the vessel, placed with a shipyard in China, are expected to be delivered within 18 months.

Swiber wins 2 contracts valued at as much as $114m for offshore support vessels

December 14th, 2009 | No Comments

Swiber Holdings, the integrated construction and support services provider to the offshore oil and gas industry, says it has won from major oil companies in South East Asia to provide offshore support vessels.

One contract will last for five months and the other will last for two years with options to extend annually for up to five years. The value of the contracts is expected to range between US$31.4 million ($43.7 million) and US$81.9 million if all the three annual options are exercised.

Otto Marine to charter out 2 AHTS vessels

November 24th, 2009 | No Comments

Otto Marine says it has entered into two bareboat charter agreement for 10,800 bhp AHTS vessels identified as Hull 7045 and Hull 7046 with Femco Holding and its 100%-owned Cyprus subsidiary.

Otto Marine expects to deliver Hull 7045 on Dec 15 and Hull 7046 on April 15, 2010 from the shipyard in Batam.

Posts Tagged ‘vessels’

STX OSV bags $281m contract to build 4 platform supply vessels

Koon Holdings proposes bonus issue as well as sale of property and vessels

ASL Marine unit wins $55m contract to build 30 vessels

STX Pan Ocean to invest 195.5b won in vessels

First Ship Lease Trust required to post US$4.8m as security for release of vessels

Keppel delivers five vessels on schedule

Wilmar to buy four vessels for US$127.6m, takes options

Mercator Lines charters out 2 vessels

Marco Polo Marine disposes 8 vessels on a sale-and-leaseback arrangement for $8.8m

Cosco unit delays delivery of 4 more vessels to European ship owner

C2O unit expands fleet with $18m order for 2 new vessels

Swiber wins 2 contracts valued at as much as $114m for offshore support vessels

Otto Marine to charter out 2 AHTS vessels

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