Wisdom Marine Accepts Delivery Of Another Ultramax

Taiwanese shipping company Wisdom Marine Lines has taken delivery of Amis Treasure, a 61,000 dwt bulker newbuild, from China-based Dalian COSCO KHI Engineering (DACKS). The delivery of the 77,539 cbm Ultramax was announced on January 6 by Japanese shipbuilder Kawasaki Heavy Industries (KHI) which jointly operates DACKS with China COSCO Shipping Corporation Limited. Featuring a…

Iridium Wins Formal Authorization For GMDSS Service

US-based satellite communications company Iridium Communications has received a Letter of Compliance from Global Maritime Distress and Safety System (GMDSS) regulator, the International Mobile Satellite Organization, authorizing Iridium to provide GMDSS service. The award follows a four-year review process and makes Iridium the second GMDSS recognized mobile satellite system in the world next to Inmarsat.…

Diamond S Obtains USD 525 Mn To Finance Debt

New York-listed owner and operator of crude and product tankers Diamond S Shipping Inc. has closed on a five-year USD 525 million credit facility. The company said that the facility is composed of a USD 375 million term loan and a USD 150 million revolving credit facility. Proceeds from the new credit facility were used…

Hyundai Samho Gets USD 280 Mn Orders For Two Ships

Hyundai Samho Heavy Industries, part of South Korea’s Hyundai Heavy Industries (HHI) Group, has received two new orders that have a combined worth of KRW 323.7 billion (USD 280.2 million). Under the first deal, the shipbuilder will build a very large crude oil carrier (VLCC) for an undisclosed shipowner in Asia. The vessel is expected…

Report: DSME, HHI Merger Facing Full Probe In EU

The proposed mega-merger of South Korea’s top-tier shipbuilders Daewoo Shipbuilding & Marine Engineering (DSME) and Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding spinoff of Hyundai Heavy Industries Group, is reportedly about to be subject of a full-scale probe in the EU, Reuters writes citing industry sources. The investigation is expected to be launched next week amid…