Torm returns to the newbuilding market; Tampa shipyards combine operations

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Seacor eyes spin-off of offshore business
November 30, 2015—Seacor Holdings has agreed to issue $175 million in convertible notes to investment funds managed and controlled by the Carlyle Group that are expected to be issued tomorrow. The transaction contemplates the eventual separation of SMH from Seacor Holdings’ other business lines, potentially via a spin-off of SMH or via a spin-off of Seacor Holdings’ other business lines.

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Industry News
Torm returns to the newbuilding market
Copenhagen, Denmark, headquartered tanker operator Torm is back in the newbuilding market for the first time since 2008. Today it entered into an agreement to purchase four fuel-efficient LR2 newbuildings from Chinese shipbuilder Guangzhou Shipyard International.

World’s largest wind farm installer delivered
ABS reports that the world’s largest and most advanced wind farm installation and offshore construction vessel, the ABS-classed Seajacks Scylla, has been delivered by Samsung Heavy Industries’ Geoje, South Korea, shipyard.

Two Tampa shipyards combine operations
Two Tampa, FL, shipyards owned by Aaron Hendry—Gulf Marine Repair Corporation and Hendry Corporation—are to combine their operations. Though the combined operations will be carried out under the name Gulf Marine, Hendry Corporation will maintain its identity.
Rhine vessel results confirm effectivess of Flex tunnel
The initial findings suggest that the Rhenus Duisburg achieved around 27% lower energy consumption. This high output is linked to application of the Van der Velden Flex tunnel, which in turn enables optimum stern design for the vessel’s operating area.

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