Maritime Vessels Directory

Philippine creditors are close to selling a strategically located but debt-laden shipyard north of the capital Manila, government officials said on Tuesday, with a North American company cited as being an investor in the deal.Hanjin Philippines, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, in 2019 defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Talks with investors were almost complete, presidential spokesperson Harry Roque told a news conference.

Morocco to Sell Sake in Port Operator Marsa Maroc to Tanger Med

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The Moroccan government has agreed to sell a 35% stake in terminal operator Marsa Maroc to Groupe Tanger Med, raising 5.48 billion dirhams ($610 mln) for state coffers, Marsa Maroc said on Tuesday.The government will retain 25% of the capital and voting rights in Marsa Maroc, a Casablanca-listed company that manages terminals at 9 Moroccan ports, the statement said, without providing further details.Tanger Med manages a container and passenger port as well as 2000 hectares dedicated to industry and logistics linked to the port.Tanger Med port, the main export hub for Morocco's automotive industry, is the largest in Africa and in 2020 it outperformed Mediterranean rivals by handling 5.

Seaway 7 Books Siem Offshore Vessel for Seagreen Wind Farm Work

an hour ago

Seaway 7, a renewables branch of offshore installation firm Subsea 7, has chartered one of Siem Offshore's offshore subsea construction vessels (OSCVs).The contract is set to begin in the fourth quarter of 2021, when the vessel will provide walk-to-work services as part of the construction phase of the Seagreen offshore wind farm, in the UK North Sea, 27km offshore Scotland.Under the contract, the vessel will remain with Seaway 7 for a period of 300 days. This is the largest contract for a Siem OSCV since 2018. Seaway 7 will have extension options.

Transatlantic Journey: BC Ferries' New Hybrid Electric Ferry Reaches British Columbia (VIDEO)

2 hours ago

BC Ferries’ new Island Class ferry arrived late last week in British Columbia, Canada, having departed Damen Shipyards Galati yard in Romania on May 19.The vessel, temporarily named Island 3, arrived under its own power, after a 64-day, approximately 10,700 nautical miles transatlantic journey. The Island Class are battery-equipped ships designed for future full electric operation. The ships are fitted with hybrid technology that bridges the gap until shore charging infrastructure and funding becomes available in B.C. From the exterior details to the engines, the design of the new vessels reduces underwater radiated noise, and lowers emissions.

Seanergy Takes Delivery of 2009-built Bulk Carrier. Secures Charter with NYK Line

3 hours ago

Seanergy Maritime Holdings Corp. has taken delivery of the M/V Friendship bulk carrier.The vessel is a 176,952 dwt Capesize bulk carrier, built in 2009 by Namura Shipbuilding Co., Ltd. in Japan. "The M/V Friendship is the fifth Capesize delivery that Seanergy has successfully completed in 2021 to date," the company said.Seanergy also said that the has been fixed on a time charter with Japan's NYK Line, which is an existing charterer of Seanergy. The charter is expected to commence immediately, upon finalization of the customary transition process and will have a term of a minimum of 17 to a maximum of 24 months from the delivery.

Maritime Reporter and Engineering News (June 2021)

USCG Fleet Modernization Annual