Union of Greek Shipowners elects its first female president
For the first time in its 106-year history, the Union of Greek Shipowners (UGS) has elected a woman to be its president. She is Melina Travlos, chairwoman of Neptune Lines Shipping &
PCTC
World’s first LNG battery hybrid PCTC delivered
Oslo-headquartered short-sea RO/RO specialist UECC has taken delivery of the world’s first dual-fuel LNG battery hybrid PCTC. To be named Auto Advance, it is the first in a series of three newbuild
First PCTC in UECC LNG battery hybrid trio launched
The Jiangnan Shipyard in Shanghai has launched the first of three LNG battery hybrid PCTCs (pure car truck carriers) commissioned by United European Car Carriers (UECC), which is owned in equal shares
LNG-fueled PCTC quartet will have WinGD iCER engines
Four LNG-fueled PCTCs (Pure Car/Truck Carriers) just ordered by Japan’s NYK Line will be the first vessels in the word to be equipped with WinGD’s X-DF2.0 iCER main engines. The iCER (Intelligent
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
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
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
Wallenius exercises options for giant car carrier duo
JANUARY 31, 2013 — The quest for fuel economy means that while cars may be getting smaller, but car carriers are getting larger. In line with this trend, Stockholm, Sweden, headquartered Wallenius
PCTC suspected in fishing vessel hit has bow damage
JUNE 25, 2013 — Norwegian Car Carriers ASA (NOCC) has issued an update on the incident in which the Japanese Coast Guard said that the PCTC NOCC Oceanic might have been the