Oldendorff Carriers has renewed two newbuilding contracts, which were concluded originally in June 2012 with Weihai-based Samnjin Shipbuilding Ind. (SSI). The initial order, comprising four 36,000 DWT Handysize newbuildings of the FESDEC-36k eco type, was canceled in 2014 and 2015 after excessive de
Samsung Heavy Industries (SHI) has joined forces with Inmarsat under a Memorandum of Understanding (MoU), establishing a relationship to leverage the ‘smart ship’ connectivity offered by Fleet Xpress at the vessel construction stage. Under the deal, the South Korean yard would install Inmarsat-appro
Greek tanker owner Aegean Shipping Management S.A. has signed an order with Chinese Cosco Shipping Heavy Industry for up to eight 82,000 DWT Kamsarmax bulk carriers, thus venturing into the dry bulk sector. The order comprises four firm and four optional ships in a 4+2+2 series to be constructed by
Dutch coastal shipping company Thun Tankers has declared the option for a fifth tanker to be added to the previously contracted four product/chemical tankers. The additional order comes only months after the company decided to expand its fleet with four new 17,500 dwt IMO II tankers. The five vessel
Seabourn Ovation, the second ultra-luxury cruise ship being built for Seabourn Cruise Line, was launched by Italian shipbuilder and ship designer Fincantieri at its Sestri yard in Genoa. “Watching the coin ceremony and seeing Seabourn Ovation officially touch the water for the first time today was a
Readers’ Picks of the Week (August 28 – September 1, 2017)
The workers’ strike at Damen’s Galati shipyard in Romania has ended, it has been confirmed to World Maritime News by a Damen spokesperson. The strike was staged on August 29, when a number of workers held a spontaneous demonstration in front of the company’s headquarters. The workers were dissatisfi
Greece-based shipping company Pantheon Tankers has been linked to an order of two 50,000 dwt tankers, in addition to two optional vessels of the same size. Namely, the company signed a letter of intent (LOI) with South Korean shipbuilder STX Offshore for the construction of the above-mentioned ships
Workers at Damen’s Romanian subsidiary Damen Shipyards Galati have staged a protest which has shut down work operations at the yard for the third day now. As confirmed by Damen to World Maritime News, the protest was launched on the morning of August 29, when a number of workers held a spontaneous d
Hungry shipyards and shipping companies being eager to be top dog is a toxic cocktail which, combined with market optimism amid higher freight rates, is likely to distort the low ordering activity in the container shipping sector, according to shipowners’ association BIMCO. Container shipping majors
Image Courtesy: Dream Cruises Genting Cruise Lines celebrated the float out of World Dream, the newest cruise ship built for its brand Dream Cruises, at the Meyer Werft shipyard in Papenburg, Germany, on August 26. “Genting Cruise Lines is extremely proud to commemorate the float out of World Dream,
German container carrier Hapag-Lloyd doesn’t plan to make any investments in ordering of new vessels over the next couple of years, the company said during a conference call today. “In terms of Capexes, we said that we don’t anticipate any material Capexes in new vessels in the upcoming couple of ye
Over the past four months owners have been busy ordering new tankers, keeping the crude oil tanker fleet expansion on course for a six-year-high, measured in DWT, BIMCO said. However, the fleet growth percentage is down from last years’ 5.9%, to 4.7% for the full year of 2017. The order book include
Chinese shipbuilder Jiangsu New Yangzijiang has reportedly won an order for up to six Panamax bulkers from Greek shipowner Angelakos Hellas. The order, placed on August 25, includes four firm 82,000 DWT bulk carriers and options for two additional newbuilds, data from VesselsValue indicates. The Pan
