Vessel

New Fortress Energy Announces Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, February 28, 2023
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Public expenditure, Core, Negotiation, Maintenance, Economics, Completion, Operational definition, Apollo, Puerto Rico Public–Private Partnerships Authority, COVID-19, PREPA, EBITDA, Power, Policy, Genus, Internet, First Gas, Pemex, CFE, Sale, British thermal unit, Natural gas, Partnership, GAAP, Total, Bank statement, Fiscal, Vessel, Adjustment, Annual report, Puerto Rico Electric Power Authority, Software, EPS, Segment, Government, Ship, Security (finance), Risk management, Construction, NFE, LNG, Hilli

For Hygo + Suape assets we assume an average delivered cost of gas of $16.00 in 2023 based on industry averages in the region.

Key Points: 
  • For Hygo + Suape assets we assume an average delivered cost of gas of $16.00 in 2023 based on industry averages in the region.
  • We assume all Brazil terminals and power plants are Operational and earning revenue through fuel sales and capacity charges or other fixed fees.
  • Actual results could differ materially from the illustration and there can be no assurance we will achieve our goal.
  • Actual results could differ materially from the illustration and there can be no assurance we will achieve our goal.

United Maritime Announces the Acquisition of Three Dry Bulk Vessels consisting of Two Kamsarmaxes and a Bareboat Charter Agreement with a Purchase Option for one Panamax Vessel

Retrieved on: 
Thursday, February 16, 2023
Hand, USEA, Ship, Capesize, Mitsui Engineering & Shipbuilding, Japan Marine United, Universal, Vessel, Acquisition, Sale, Bulk carrier, Panamax, Shipbuilding, United

The Company also announced that it has entered into a bareboat charter agreement for one Japanese-built modern Panamax dry bulk vessel with an unaffiliated third party in Japan.

Key Points: 
  • The Company also announced that it has entered into a bareboat charter agreement for one Japanese-built modern Panamax dry bulk vessel with an unaffiliated third party in Japan.
  • The bareboat charter agreement includes a purchase option for United.
  • The Company entered into an eighteen-month, bareboat charter agreement with an unaffiliated third party for a 2013-built Japanese Panamax dry-bulk vessel of 78,173 dwt.
  • At the end of the 18-month bareboat period, United has an option to repurchase the Vessel for $12.36 million.

Sailing Ro-Ro Vessel from RMK MARINE to Operate Almost Entirely with the Wind Power

Retrieved on: 
Thursday, January 19, 2023
IMO, Climate change, Chantiers de l'Atlantique, International Maritime Organization, Wind, Revolution, Greenhouse, Carbon, History, Life-support system, Automation, Inorganic polymer, RMK, Letter, Shipbuilding, Fuel oil, Neolin, Vessel

ISTANBUL, Jan. 19, 2023 /PRNewswire/ -- RMK MARINE, one of the leading companies of the Turkish shipbuilding industry is implementing a new project which will use environmentally friendly and renewable energy resources. In this context, RMK MARINE won an international tender opened for a commercial sailing Ro-Ro vessel which will operate almost entirely by the wind energy and be one of the first examples in the world in its segment and it signed a contract for the construction of the vessel with the French company Neoline Armateurs on 28 November 2022. The said contract entered into force on 6th of January 2023, following the fulfillment of the required conditions and the final agreement was announced to the public at a ceremony held in Nantes, France, with the participation of the parties.

Key Points: 
  • RMK MARINE won the international tender opened for the commercial sailing Ro-Ro Vessel, which will operate almost entirely with the propulsion of wind energy and signed a contract with its French client, Neoline Armateurs for the construction of the Vessel.
  • ISTANBUL, Jan. 19, 2023 /PRNewswire/ -- RMK MARINE, one of the leading companies of the Turkish shipbuilding industry is implementing a new project which will use environmentally friendly and renewable energy resources.
  • The contract we signed with Neoline Armateurs for the construction of commercial sailing Ro-Ro vessel Neoliner which will operate almost entirely with the propulsion power of the wind energy is an important indication of our environmentally friendly production understanding.
  • Wind is certainly intermittent, but it is more predictable than the prices and availability of many other energies.

Sailing Ro-Ro Vessel from RMK MARINE to Operate Almost Entirely with the Wind Power

Retrieved on: 
Thursday, January 19, 2023
IMO, Climate change, Chantiers de l'Atlantique, International Maritime Organization, Wind, Revolution, Greenhouse, Carbon, History, Life-support system, Automation, Inorganic polymer, RMK, Letter, Shipbuilding, Fuel oil, Neolin, Vessel

ISTANBUL, Jan. 19, 2023 /PRNewswire/ -- RMK MARINE, one of the leading companies of the Turkish shipbuilding industry is implementing a new project which will use environmentally friendly and renewable energy resources. In this context, RMK MARINE won an international tender opened for a commercial sailing Ro-Ro vessel which will operate almost entirely by the wind energy and be one of the first examples in the world in its segment and it signed a contract for the construction of the vessel with the French company Neoline Armateurs on 28 November 2022. The said contract entered into force on 6th of January 2023, following the fulfillment of the required conditions and the final agreement was announced to the public at a ceremony held in Nantes, France, with the participation of the parties.

Key Points: 
  • RMK MARINE won the international tender opened for the commercial sailing Ro-Ro Vessel, which will operate almost entirely with the propulsion of wind energy and signed a contract with its French client, Neoline Armateurs for the construction of the Vessel.
  • ISTANBUL, Jan. 19, 2023 /PRNewswire/ -- RMK MARINE, one of the leading companies of the Turkish shipbuilding industry is implementing a new project which will use environmentally friendly and renewable energy resources.
  • The contract we signed with Neoline Armateurs for the construction of commercial sailing Ro-Ro vessel Neoliner which will operate almost entirely with the propulsion power of the wind energy is an important indication of our environmentally friendly production understanding.
  • Wind is certainly intermittent, but it is more predictable than the prices and availability of many other energies.

Seanergy Maritime Announces Acquisition of a Scrubber-Fitted Capesize Vessel with Immediate Period Employment and the Sale of the two Oldest Vessels of the Fleet

Retrieved on: 
Tuesday, January 3, 2023
SOFR, Capesize, Vessel, Employment, Acquisition, Exercise, Hand, Sale, Shipbuilding, Management, Fuel oil, Security (finance), United

The Company expects to record a profit of approximately $8 million in connection with the sale of the two vessels in the first quarter of 2023.

Key Points: 
  • The Company expects to record a profit of approximately $8 million in connection with the sale of the two vessels in the first quarter of 2023.
  • In addition, the aforementioned transactions will reduce the average age of Seanergy’s fleet.
  • Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
    “We are pleased to announce the acquisition of another high-quality Japanese Capesize vessel, which will effectively replace the older M/V Goodship and M/V Tradership.
  • The sale of the two oldest vessels in our fleet will result in a substantial profit of more than $8 million for Seanergy, whilst benefiting the average age of our fleet.

Navigator Holdings Ltd. Announces First Vessel Acquisition Under 60/40 Joint Venture with Greater Bay Gas

Retrieved on: 
Tuesday, December 20, 2022
Venus, SOFR, The Borrowers, International joint venture, CTBC Bank, Facility, NYSE, Joint venture, ING Group, Airline, Navigator, Vessel

LONDON and NEW YORK, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (“Navigator” or “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce that following the formation of its 60/40 joint venture with Greater Bay Gas Co. Ltd. (“Greater Bay Gas”), (the “Joint Venture”), previously announced on September 30, 2022, the Joint Venture has today acquired the first of its scheduled five vessels.

Key Points: 
  • LONDON and NEW YORK, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (“Navigator” or “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce that following the formation of its 60/40 joint venture with Greater Bay Gas Co. Ltd. (“Greater Bay Gas”), (the “Joint Venture”), previously announced on September 30, 2022, the Joint Venture has today acquired the first of its scheduled five vessels.
  • The vessel, a 17,000 cbm 2018-built liquefied ethylene gas carrier was renamed Navigator Luna, in recognition of the Navigator and Greater Bay Gas Luna Pool collaboration arrangement (the “Luna Pool”).
  • Mads Peter Zacho, Chief Executive Officer of Navigator, said:
    “We are very pleased to have already purchased the first vessel under our joint venture with Greater Bay, having signed our agreement in late September.
  • I look forward to continuing our relationship with Greater Bay and welcoming the planned five vessels into the Navigator fleet.”
    Mr. Steven Xiao, Director of Greater Bay Gas, commented:
    “By agreeing this joint venture with Navigator, we have widened our business opportunities and our exposure to the liquefied gas transportation industry at a time when demand for shipping is only increasing.

Naval Vessels and Surface Combatants Market Size, Share and Trend Analysis by Ship Type (Aircraft Carrier, Amphibious Ship, Auxiliary Vessel, Corvette, Destroyer, Frigate, Light Combat Vessel), Region and Segment Forecast, 2021-2032

Retrieved on: 
Friday, December 2, 2022
Aircraft, Maintenance, Research report, Growth, Destroyer, Amphibious assault ship, Corvette, Aircraft carrier, US, Vessel, Table, Weapon, Frigate

Naval Vessels and Surface Combatants Market Size, Share and Trend Analysis by Ship Type (Aircraft Carrier, Amphibious Ship, Auxiliary Vessel, Corvette, Destroyer, Frigate, Light Combat Vessel), Region and Segment Forecast, 2021-2032

Key Points: 
  • Naval Vessels and Surface Combatants Market Size, Share and Trend Analysis by Ship Type (Aircraft Carrier, Amphibious Ship, Auxiliary Vessel, Corvette, Destroyer, Frigate, Light Combat Vessel), Region and Segment Forecast, 2021-2032
    The naval vessels and surface combatants market size was valued at US$35.9 billion in 2021.
  • The naval vessels and surface combatants market research report provides an executive-level overview of the current naval vessels and surface combatants worldwide, with detailed forecasts of key indicators up to 2032.
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  • - Accompanying Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in naval vessels and surface combatants market.

United Maritime Declares Special Cash Dividend of $1.00 Per Share

Retrieved on: 
Tuesday, November 29, 2022
COVID-19, USEA, Republic, Marshall Islands, Insurance, Policy, Transport, Vessel, Sale, Coronavirus, Investment, Holding company, Bank

Stamatis Tsantanis, the Companys Chairman & Chief Executive Officer, stated:

Key Points: 
  • Stamatis Tsantanis, the Companys Chairman & Chief Executive Officer, stated:
    We are very pleased to announce a special cash dividend of $1.00 per share, which represents approximately 33% of Uniteds market cap as of November 28, 2022.
  • Our cash position remains strong, exceeding $4.3 per share after the dividend distribution and other corporate transactions announced in our recent earnings release.
  • We will continue to pursue transactions that will grow United Maritime and are expected to deliver significant returns to the Company.
  • Please visit the Companys website at: www.unitedmaritime.gr
    The dividend referred to in this press release is a non-recurring special dividend.

Navigator Holdings Ltd. Announces Accretive Vessel Acquisitions Through New Joint Venture with Greater Bay Gas Company

Retrieved on: 
Friday, September 30, 2022
Joint venture, Marriage, NYSE, Houston Ship Channel, NEW, Vessel, Company, Growth, Economics, Exercise, Municipality, HK, Transport, International joint venture, Ammonia, Heart, Bay, GLOBE, Ethane, Airline, Navigator

The joint venture (the Joint Venture), owned 60% by Navigator and 40% by Greater Bay Gas, intends to acquire, over the next fifteen months, a total of five ethylene vessels, made up of two 17,000 cbm, 2018-built and three 22,000 cbm, 2019-built ethylene vessels (the Vessels).

Key Points: 
  • The joint venture (the Joint Venture), owned 60% by Navigator and 40% by Greater Bay Gas, intends to acquire, over the next fifteen months, a total of five ethylene vessels, made up of two 17,000 cbm, 2018-built and three 22,000 cbm, 2019-built ethylene vessels (the Vessels).
  • The Joint Venture intends to finance the majority of the purchase price through commercial bank finance, with the remainder sourced from capital contributions from Navigator and Greater Bay Gas.
  • Mr. Steven Xiao, Director of Greater Bay Gas, commented:
    The Luna Pool collaboration has proven a great success and has paved the way to todays Joint Venture.
  • Greater Bay Gas Co. Ltd. (HK) is a gaseous product logistic service provider based in the heart of the Shenzhen Greater Bay Area, China.

United Announces Delivery of its Second Aframax Petroleum Tanker and Immediate Commencement of Pool Employment

Retrieved on: 
Monday, August 22, 2022
COVID-19, Securities Exchange Act of 1934, Securities Act of 1933, Nasdaq, NASDAQ, Insurance, Republic, Coronavirus, Vessel, Maritime Transportation Security Act of 2002, USEA, SEC, GLOBE, Marshall Islands, Company, Acquisition, Industry, Transport, Shipbuilding, Petroleum, United, Aframax

M/T Bluesea is the second out of the 4-tanker fleet acquisition agreed by United in July 2022.

Key Points: 
  • M/T Bluesea is the second out of the 4-tanker fleet acquisition agreed by United in July 2022.
  • The delivery of the third vessel is expected within August and the fourth vessel by the end of October.
  • Following its delivery, M/T Bluesea has entered a leading Aframax tanker pool.
  • Stamatis Tsantanis, the Companys Chairman & Chief Executive Officer, stated:
    We are very pleased to announce the timely delivery of the second tanker vessel of United and the participation of M/T Bluesea in a prominent Aframax pool.