PCTC

Siem names LNG-fueled car carrier duo

The first trans-Atlantic PCTCs (Pure Car Truck Carriers) to operate full-time on LNG were named Siem Confucius and Siem Aristotle in a November 15 ceremony held at China’s Xiamen Shipyard. Owned by

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International Shipholding reports on streamlining

 

It reports that it has executed a Memorandum of Agreement and buyers have lodged the required deposit for the sale of the international-flag PCTC Glovis Countess. Delivery of the vessel is scheduled to be completed by December 31, 2015. Excess cash after debt payoff of approximately $16 million will be maintained by the company for general corporate purposes.

The company has also executed Memoranda of Agreement for the sale of its two handysize vessels and one capesize vessel for approximately $30 million. Deliveries of the vessels are scheduled to be completed prior to January 31, 2016. All net proceeds from the sale of these vessels will be used to pay down outstanding debt.

The company is in discussions on the sale of its supramax vessel and its railcar service facility (FSI) in Mobile, AL. All net proceeds from the sales will be used to pay down outstanding debt.

Mr. Niels M. Johnsen, Chairman and Chief Executive Officer, said, “As we continue to streamline International Shipholding, we are focused on completing the implementation of our Strategic Plan in an expeditious, but orderly, manner. We continue to market all of the remaining assets to be divested pursuant to our Strategic Plan, and we will provide further periodic updates as we continue to make progress towards our March 31, 2016 target for full implementation.å

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ME-GI engines for new LNG-fueled PCTCs

NOVEMBER 3, 2014 — MAN Diesel & Turbo says that a single MAN B&W 8S50ME-GI dual-fuel engine will power each  of the two LNG fueled  PCTC (Pure Car Truck Carriers) ordered earlier

UECC orders LNG fueled PCTC duo for Baltic

MARCH 11, 2014 — Kawasaki Heavy Industries, Ltd reports that it has signed shipbuilding contracts with United European Car Carriers (UECC) covering the construction of two 3,800 car capacity pure car and

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Japan: “PCTC cut fishing vessel in two”

JUNE 24, 2013 — Norwegian Car Carriers (NOCC) was informed by the Japanese Coast Guard that on June 23 at 10:15 hours (LT), the Japanese-flagged fishing vessel Yujin Maru no. 7 was

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International Shipholding buys PCTC

OCTOBER 23, 2012 – Mobile, Alabama, headquartered International Shipholding Corporation (NYSE: ISH)  says it has purchased a 1999-built Pure Car Truck Carrier (PCTC). The vessel acquisition was funded by a $3.5 million