Exmar’s newbuilding floating liquefied natural gas (FLNG) facility Carribean FLNG is yet to secure its first job. The world’s first barge-based FLNG facility was delivered to Exmar by Chinese Wison Offshore and Marine in July this year. The vessel was set to work for Canada-based oil and gas company
On the heels of the two orders by containership majors CMA CGM and MSC for 22,000 TEU ships, the market fears there is a risk other carriers might follow suit further distorting demand-supply balance, which is already suffering from tonnage oversupply. To remind, Mediterranean Shipping Company has o
German shipbuilder Meyer Werft has handed over the new cruise vessel World Dream to the Asian shipping company Dream Cruises, a subsidiary of Genting Hong Kong. The new ship can accommodate 3,376 passengers and is 335 meters long, 39.7 meters wide and can reach a speed of more than 23 knots. This cr
Vessel operating costs are expected to increase in both 2017 and 2018, according to the latest survey by international account and shipping consultant Moore Stephens. Repairs & maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years. Th
Dutch energy and commodity trading group Vitol has declared options for two liquefied petroleum gas (LPG) tankers at South Korean shipbuilder Hyundai Heavy Industries (HHI), according to the latest report from Intermodal. The 84,000 cbm gas carriers would be fitted with ballast water treatment syste
Dutch shipbuilder Ferus Smit has launched Snow Crystal, the first in a series of two new ships ordered by Swedish shipping company Erik Thun AB. The 5,680 dwt mini bulker was splashed at Ferus Smit’s Westerbroek yard on October 21. As informed, Snow Crystal and its sister vessel, which is currently
ESL Shipping’s LNG-powered dry cargo vessel Haaga was launched at the Jinling Shipyard in China and moved to the outfitting quay on October 20. Haaga and its sister vessel Viikki are said to be the first LNG-powered handy-size bulk carriers in the world. As explained, the 160-meter-long vessels fuel
Rosnefteflot, a subsidiary of Russia’s petroleum company Rosneft, has inked agreements with compatriot Zvezda Shipbuilding Complex for construction of ten Arctic shuttle tankers. At the same time, Rosnefteflot and Taimyrneftegaz signed an agreement for 20-year time chartering of the 42,000 DWT tanke
Some 124 ships out of 227 ships broken in the third quarter of 2017 ended up on beaches in South Asia for dirty and dangerous breaking, the latest report from NGO Shipbreaking Platform shows. A total of 42 ships were sent for demolition to Turkey, 35 to China, and 26 were scrapped in the rest of [&h
Today, d’Amico International Shipping (DIS), a Milano-listed company specializing in the transport of refined petroleum products and vegetable oils, launched the first three LR1 (long-range) vessels in its history, at the Hyundai Vinashin shipyard in Vietnam. The company invested USD 131 million in
Italian shipbuilder Fincantieri has held a keel laying ceremony today in Ancona for the sixth of eight ocean cruise ships Viking Ocean Cruises has ordered from the yard. The first building block of the ship is about 11 meters long, 28.8 wide and weighing about 380 tons. The unit, to be delivered in
Chinese New Times Shipbuilding has been tied to an order for up to four bulkers, according to the latest report from Intermodal Research and Valuations. The deal is said to be in a letter of intent (LoI) stage. The order reportedly includes two firm 280,000 DWT ships and options for two more newbuil
Miami-based cruise company Royal Caribbean International has entered into credit agreements for the financing of the first and second Project Icon ships. Under the deals, signed on October 11, 2017, Royal Caribbean Cruises is granted an unsecured US dollar-denominated term loan, the substantial majo
Finnish technology group Wärtsilä has been contracted to deliver 16 engines for four new LNG carrier vessels being built at the Hudong Zhonghua shipyard in China. Under the order, booked in August 2017, the company’s joint venture CSSC Wärtsilä Engine (Shanghai) Co would deliver the engines to the y
