Trade & Deals

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has signed a shipbuilding contract with Jiangsu Yangzijiang Shipbuilding Group Co., Ltd., Jiangsu New Yangzi Shipbuilding Co., Ltd., and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., (collectively the “Seller”) for the construction of a scrubber fitted 75,000 DWT LR1 chemical/product oil tanker for a contract price of US$54.1...

https://mfame.guru/performance-shipping-inc-contracts-new-lr1-tanker-vessel-construction/

Norwegian FSRU player Hoegh LNG confirmed it has signed a deal with Australian Industrial Energy (AIE) and Egypt’s EGAS to deploy the 2019-built FSRU Hoegh Galleon to Egypt.

Hoegh LNG said on Thursday that the FSRU with a regas capacity of 384 mmscf/d will be located in Ain Sokhna, Egypt for a “likely period of 19-20 months”.

The deal with EGAS spans an interim period from June 2024 to February 2026, facilitating the mitigation of potential gas shortages in Egypt.

https://mfame.guru/hoegh-lng-secures-fsru-deal-egypt-australia-bound/

Diana Shipping Inc. (NYSE: DSX), a prominent global shipping company, specialising in the ownership and bareboat charter-in of dry bulk vessels,announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Shipping Limited, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is US$16,000 per day, minus a 5% commission paid to third parties, for a period until minimum March 1, 2025 up to...

https://mfame.guru/diana-shipping-time-charter-contract-fleet-expansion-plans/

• Cavotec has secured a US$5 million order from a leading global shipping company to supply several PowerFit shore power units.
• The PowerFit units are innovative, containerized solutions that enable ships to connect to electrical power at the dock, reducing the need to run diesel engines while in port.
• The PowerFit shore power units are scheduled for delivery later this year.
• Patrick Mares, President of the Ports & Maritime Division at Cavotec, emphasized that this partnership underscores the...

https://mfame.guru/cavotec-wins-5-million-shore-power-contract-with-leading-global-shipping-company/

Turkish shipping company Ciner Shipping has signed a contract with Hengli Heavy Industries for the construction of four 82,000 dwt Kamsarmax bulk carriers, which are expected to be delivered between the end of March and the end of September 2027, according to foreign media reports. The new shipbuildings will be equipped with scrubbers. Shipbuilding industry sources have revealed that each bulk carrier will cost around $38 million, with a total order value of around $152 million ( about RMB 1.1...

https://mfame.guru/hengli-heavy-industries-wins-order-for-four-82000-dwt-bulk-carriers/

• The Georgia Ports Authority (GPA) and Wallenius Wilhelmsen have entered into a 20-year terminal agreement focusing on the Port of Brunswick to consolidate logistics and port operations.
• GPA plans to specialize in Brunswick for Roll-on/Roll-off (Ro/Ro) cargo and Savannah for container trade, aiming to enhance operational efficiency and establish centers of excellence.
• GPA has developed 130 acres of additional Ro/Ro storage and multiple warehouses at Colonel’s Island Terminal, with another 300...

https://mfame.guru/georgia-ports-authority-and-wallenius-wilhelmsen-ink-terminal-agreement-in-brunswick/

Kongsberg Maritime will supply four shipsets of its controllable pitch propeller systems and associated equipment, including shaftlines. It is the second collaboration between Damen Naval and Kongsberg Maritime in the past 18 months, according to an article published on their website.

Kongsberg Maritime has been selected to supply controllable pitch propellers and shaft lines to shipbuilder Damen Naval for a series of four Anti-Submarine Warfare (ASW) frigates.

The new ASW...

https://mfame.guru/kongsberg-maritime-secures-contract-to-supply-propeller-systems-to-damen-naval/

Kongsberg Maritime will supply four shipsets of its controllable pitch propeller systems and associated equipment, including shaftlines. It is the second collaboration between Damen Naval and Kongsberg Maritime in the past 18 months, according to an article published on their website.

Kongsberg Maritime has been selected to supply controllable pitch propellers and shaft lines to shipbuilder Damen Naval for a series of four Anti-Submarine Warfare (ASW) frigates.

The new ASW...

https://mfame.guru/kongsberg-maritime-secures-contract-to-supply-propeller-systems-to-damen-naval/