Teekay Offshore has declared options with Korean shipbuilder Samsung Heavy Industries (SHI) for the construction of two, Suezmax-sized, DP2 shuttle tanker newbuildings. The option forms part of a contract signed in August this year covering two firm and two optional units. The construction cost of t
Sovcomflot’s new multifunctional icebreaking standby vessel Fedor Ushakov completed its first eastward passage along the Northern Sea Route (NSR) on November 24. Built to service the Sakhalin-2 project, the 3,824 dwt vessel is bound for its permanent operational base on the Sakhalin Island (the Sea
Russia’s SCF Group has exercised an option for two 114,000 dwt dual fuel tankers at South Korean shipbulder Hyundai Samho Heavy Industries, according to Asiasis. The Aframax duo features an ice-class IA and is slated for delivery in 2019, based on the report. SCF was not available for comment on the
Greece-based ship owner TOP Ships has purchased all of the outstanding shares in a Marshall Islands company that owns a newbuilding contract for M/T Eco California. The high specification 50,000 dwt medium range product/chemical tanker is under construction at Hyundai Mipo Dockyard in Korea from an
Readers’ Picks of the Week (November 20-24, 2017)
German shipping company Oldendorff Carriers has been tied to an order for three 62,000 dwt bulk carriers at Japanese shipbuilder Oshima Shipbuilding. The Ultramax newbuildings are scheduled for delivery in 2020, based on the data from VesselsValue. The en bloc order report, dated on November 15, did
Athens-based ship manager Thenamaris has placed an order for two 111,900 dwt Aframax tankers with Japanese shipbuilder Sumitomo Heavy Industries. Based on the company’s data, the two newbuildings are slated for delivery in 2020 and will be flagged in the Marshall Islands. The price of the duo was un
Finland-based ro-ro and passenger services operator Finnlines has taken delivery of its first lengthened Breeze vessel from Remontowa S.A. shipyard in Gdansk. MS Finntide, delivered in 2012 from the Chinese Jinling shipyard, arrived in Gdansk on September 25, 2017. As planned, the vessel was cut in
The global containership orderbook stood at 368 vessels of a combined 2.8 million TEU as of the start of November, representing a 58% drop in TEU terms since its peak in July 2008, Clarksons Research informed. The size of the orderbook declined continuously month-on-month this year until October, wh
Oslo-listed ship owner and operator Flex LNG has reached an agreement on a loan facility to finance three of its newbuildings, scheduled for delivery in the first half of 2018. The company received a firm offer for a USD 315 million term loan facility (TLF) on November 14, agreed to be drawn in conn
Finnish technology group Wärtsilä has been hired to supply engines, navigation system, and a broad scope of other products and systems for Viking Line’s new environmentally friendly ferry. The ship, which is being built at the Xiamen Shipbuilding Industry yard in China, will be powered by six Wärtsi
Readers’ Picks of the Week (November 13-17, 2017)
The ship demolition market is plagued by a high level of uncertainty leaving the market analysts in limbo when it comes to discerning which direction the market will take. Despite the lack of tonnage, reports suggest that there is a general apathy from the actual ship recyclers making it very hard t
Höegh LNG has shared an image of its ninth FSRU floating at Hyundai Heavy Industries (HHI) shipyard in South Korea. Scheduled for delivery in the fourth quarter of 2018, the FSRU will have a storage capacity of 170,000 cubic meters and a max regasification capacity of 750 MMscf/day. With a gross ton
