First CNG carrier to be built in China

GreatLakesTugs

Great Lakes Shipyard gets $4.9 million order for two tugs
October 28 2014—The New York Power Authority (NYPA) Board of Trustees has awarded a more than $4.9 million contract to Great Lakes Shipyard of Cleveland, OH, for two new tugboats to support the operation of the Niagara Hydroelectric Power Plant. The tugs are scheduled for delivery in 2017. The order follows an award last year of a contract to Bristol Harbor Group to engineer and design the tugs.

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Chinese shipyard to build world’s first CNG carrier
Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry Ltd. reports that it has signed a shipbuilding contract with CIMC ENRIC SJZ GAS that will see it build the world’s first Compressed Natural Gas (CNG) carrier. The ship will be operated by Perusahaan Listrik Negara (PT PLN), Indonesian National Electric Company, for natural gas transportation between the islands of Indonesia.

Enterprise Marine invests in Z-drive tugs for inland waterways
Houma, LA-based Enterprise Marine Services, a subsidiary of Enterprise Products Partners L.P., is making a major commitment to Z-drives for the U.S. inland waterways. It currently has four Z-drive towboats in service and has taken delivery of two new Z-Drive vessels from Sneed Shipbuilding, Inc., Channelview, TX, with three more under construction.

First NSPS vessel under construction at Vancouver Shipyards
Diane Finley, Canada’s Minister of Public Works and Government Services Canada visited Vancouver Shipyards to announce the award of a $5-million contract for the production of two initial blocks for the first National Shipbuilding Procurement Strategy (NSPS) ship, the Canadian Coast Guard’s Offshore Fisheries Science Vessel (OFSV).

Oaktree Capital would control Torm under restructuring
Danish product tanker operator Torm has entered into an agreement with lenders representing 61% of its financing and Oaktree Capital Management on a possible restructuring.

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