Search results for: fleet

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  • 10 February 2014

    On 18 December 2013 Reggeborg was launched at the Ferus Smit shipyard in Leer, Germany. The vessel is the second in a series of three multipurpose cargo carriers; in September 2014 the third ship, Roerborg, will be launched and earlier this year Reestborg was delivered to international transport specialist Royal Wagenborg from Delfzijl, the Netherlands. […]

  • 2 October 2012
    Business & Finance

    On the afternoon of Sept. 21, a delivery ceremony was held for the HUA CHI, a 48K class crude and product tanker built by Guangzhou Shipbuilding International. During the delivery ceremony, respectively on behalf of China Shipping Tankers and Guangzhou Shipbuilding international, Deputy GM Chen Jian and Deputy GM Yang Li signed the delivery documents. […]

  • 11 November 2013

    On 27 September 2013 the partnership between IHC Merwede and Sapura Navegaçao Maritima, a joint venture between SapuraKencana and Seadrill, was solidified clinched by the launch and name giving of the first of a series of five fully integrated IHC Merwede offshore vessels. Cristina Lucia Duarte Pinho, executive manager Petrobas E&P Service, gave the Sapura […]

  • 10 July 2017
    Business & Finance

    Having been one of the few fast-growing segments in the containership industry until recently, the idle containership fleet has since gone on a crash diet, according to shipping consultancy Drewry. The idle fleet has shrunk from 1.7 million TEU in November 2016 to under 500,000 TEU as of June 2017. This is welcome news for carriers […]

  • 5 September 2013
    Business & Finance

    Navig8 announced recently two latest additions to their growing fleet. The vessels in question are Newseas Jade, a 2005-built vessel and Spruce 2, a 2008-built vessel. Newseas Jade constructed by Tsuneishi features a 52,409 MT of deadweight, whereas Spruce 2, scheduled for delivery this month is a LR1 type vessel with a deadweight of  73,747 MT. Navig8 […]

  • 18 May 2011
    Business & Finance

    Stratos Global, the leading global provider of advanced mobile and fixed-site remote communications solutions, today announced it has been selected by The Shipping Corporation of India Ltd. (SCI) to deploy the Inmarsat FleetBroadband satellite communications service as part of an integrated maritime communications solution that will help the operator increase productivity and control costs. Stratos […]

  • 26 August 2012

      The Honourable Keith Ashfield, Minister of Fisheries and Oceans, officially welcomed a new addition to the fleet, on August 24, at a naming and dedication ceremony for Canadian Coast Guard Ship Vladykov in St. John’s. In 2010, construction of the CCGS Vladykov began in Matane, Quebec at the Méridien Maritime Inc. shipyard. Sea trials […]

  • 6 May 2015

    Vietnam needs to find at least USD 2 billion in the next five years to modernise its fleet of commercial vessels, the country’s daily Vietnam News quoted Vietnam Maritime Administration Deputy Head Bui Thien Thu as saying. However, the multi-billion dollar investment cannot be financed from the already stretched state budget, Thu said, hinting at a possibility for the domestic and […]

  • 24 June 2016

    Slowing growth in the size of the shipping fleet is to reduce te shortage of officers from 20,900 at the end of  2015 to 7,700 by the end of 2020, according to the Manning report published by shipping consultancy Drewry.  The global fleet – encompassing all sectors except the non-cargo carrying ship types such as […]

  • 7 May 2014
    Business & Finance

    Cruide oil tanker company DHT Holdings, Inc. announced that it has acquired a very large crude carrier (VLCC) built in 2004 at Daewoo for USD 49.0 million. The vessel will be delivered during the second quarter of 2014 and will be named DHT Condor. The company said that it will finance the acquisition with cash […]

  • 24 January 2018
    Business & Finance

    Costamare expands its fleet amid a slight recovery seen in the container shipping industry.

  • 16 September 2014
    Business & Finance

    Scorpio Tankers Inc., a global provider of marine transportation for petroleum products,  announced today that it has added seven newbuilding vessels to its fleet, all recently delivered. The deliveries are as follows: STI Madison and STI Park, LR2 product tankers, were delivered from Hyundai Samho Heavy Industries in September 2014. Upon delivery, each vessel began […]

  • 16 October 2014
    Business & Finance

    As the market awaits a potential oil price hike triggered by the ongoing geo-political tensions in the oil-rich producing nations, demand for tankers seems to be doing pretty well. “The order-book for tankers has risen in the past two months and it is all about crude oil tankers. Four VLCCs and six Suezmaxes made the […]

  • 19 November 2013
    Business & Finance

    Mainboard-listed Swissco Holdings Limited (Swissco) announced that it has placed orders for 3 more vessels worth an aggregate of USD 28,1 million (excluding owner supplied equipment) consisting of two anchor handling tug supply vessels (AHTS), and one Multipurpose Utility Tug. The two units of AHTS with 80 tons bollard pull will be built at a Northern […]

  • 17 May 2012
    Business & Finance

    Odfjell Drilling announced that the new rig will join its Norwegian fleet. “The operation of Island Innovator will be an important contribution to Odfjell Drilling’s activity on the Norwegian continental shelf. The contract between the owner Maracc and Lundin Norway AS will mean greater predictability for Odfjell Drilling and our operations in Norway. We will […]

  • 19 February 2015

    The number of UK registered ships is currently at its lowest level since 2006, according to 2014 Shipping Fleet Statistics released by the UK Transport Department. The UK fleet experienced substantial growth between the late 1990s and 2008/09, when the industry started to feel the impact of the global recession. However, since 2009 there has […]

  • 26 July 2016
    Business & Finance

    Japanese shipping company Mitsui O.S.K. Lines (MOL) has decided to introduce the Fleet Xpress service across the majority of its car carrier fleet. Namely, the company signed an agreement for the service with JSAT MOBILE Communications, a partner of satellite communications services provider Inmarsat. With this move, MOL would migrate its car carriers to always-on, high-speed broadband connectivity, continuing its […]

  • 18 August 2014
    Business & Finance

    Scorpio Tankers Inc. announced today that it has reached an agreement with an unrelated third party to purchase an MR product tanker that is currently under construction at SPP Shipbuilding Co., Ltd. of South Korea. The purchase price of the vessel is $37.1 million with delivery expected in September 2014. The company recently took deliveries […]

  • 20 March 2013
    Business & Finance

      Knightsbridge Tankers Limited announced that it has concluded two newbuilding contracts for 182,000 dwt Capesize bulk carriers with Japan Marine United Corporation (“JMU”) in Japan. The design provided by JMU represents the next generation Capesize bulk carriers with the latest technology available in order to secure fuel efficiency. The vessels are expected to be […]

  • 24 May 2016
    Business & Finance

    Euroseas, owner and operator of drybulk and container carrier vessels, is looking to avail of the low ship prices to replace some of its older vessels with younger tonnage. These in particular relate to continerships as prices for vessels older than 15-years have been squeezed around scrap prices. “In that context, we sold in May […]

  • 19 January 2018
    Business & Finance

    Denmark takes sixth place on the list of the world’s major shipping nations with regards to operated tonnage.

  • 30 June 2016

    Oil product tanker earnings are the lowest since Q3 of 2014 and could drop even further but there is still money to be made in the second half of this year, according to BIMCO.  The reason for this decline is oil product tanker fleet growth coupled with slowing down of oil product stock building seen at […]