The continuing delivery of containerships could affect the competitive dynamics, forcing some carriers to pursue increased market share, SeaIntel Maritime Analysis informed. The delivery of ultra-large tonnage will force especially COSCO and Evergreen to attempt to grow their market share significan
Italy-based shipping company Mednav Srl has denied broker rumors related to the order of two MR2 tankers. Namely, brokers’ data indicates that Mednav has ordered two 45,000 dwt ships at CSSC OME shipyard in China. Under the alleged deal, the company was to pay USD 34 million for each of the two newb
Having been dormant for over 18 months the containership orderbook could be about to jolt back to life with an unconfirmed order for nine 22,000 TEU ships, Drewry informed. Despite a long period of sobriety it appears that carriers’ addiction to big new ships still remains in the blood stream, with
Norway-based shipping company DSD Shipping AS is to expand its fleet with new medium range 2 (MR2) tankers. Namely, the company has ordered two 50,000 dwt vessels at Vietnam-based Hyundai Vinashin shipyard, in addition to two optional vessels of the same size. DSD Shipping will pay USD 32 million fo
Danish carrier of refined oil products Torm is resuming its shopping spree with a purchase of two high-specification MR resale vessels. The two 50,000 DWT vessels are currently under construction at the Korean yard Hyundai Mipo and will be delivered to Torm later this quarter, the company said. The
South Korean shipbuilding major Hyundai Heavy Industries (HHI) is competing with the Chinese rival Shanghai Waigaoqiao Shipbuilding (SWS) for the construction of up to nine 22,000 TEU containerships, Asiasis reports. The order for the record-breaking Ultra Large Containership Vessels (ULCV) has been
UK-based engineering company Rolls-Royce has signed a deal with WestSea Yard, part of Martifer Group, to equip an expeditionary oceanic cruise ship for Portuguese cruise company Mystic Cruises. The newbuild, to be named MS World Explorer, is the first of several ships to be built by the Portuguese c
Teekay Offshore Partners (TOO) has entered into conditional contracts with Samsung Heavy Industries (SHI) to construct two Suezmax-size DP2 shuttle tankers, with options to order up to two additional vessels. Upon delivery in 2019 and 2020, the 154,000 dwt vessels will provide shuttle tanker service
In today’s spotted, we bring you an image of Navigator Jorf, an LPG carrier which was recently delivered to Navigator Gas by Hyundai Mipo Dockyard (HMD) in South Korea. With a carrying capacity of 38,000 cbm, the vessel is intended to carry ammonia and trade in North West Europe and between the Medi
Bulgarian shipping company Navigation Maritime Bulgare (Navibulgar) is looking to expand its fleet with four new Handymax bulk carriers. The company has ordered the 42,000 dwt ships at China’s Chengxi shipyard, plus two optional vessels of identical size, VesselsValue’s data shows. Navibulgar will p
The construction of Carnival Cruise Line’s newest ship, Carnival Horizon, is moving along as scheduled as work continues at the Fincantieri shipyard in Marghera, Italy. Launched in March this year, the 133,500 gross ton newbuild is the company’s second Vista-class ship. Once completed, the cruise ve
France has decided to refuse the proposal of Italian shipbuilder and ship designer Fincantieri to acquire the majority stake in STX France shipyard. By using its right of preemption, France will control 100% of STX France in the next few months. The decision will give the country time for better neg
South Korean shipbuilder Hyundai Heavy Industries (HHI) has won a contract to build up to eight very large gas carriers (VLGCs) for the oil trading company Vitol, according to Reuters. Under the deal, the shipbuilder will construct two liquefied petroleum gas (LPG) tankers with a capacity of 84,000
M/T Paul A. Desgagnés, a dual fuel LNG IMO-II chemical tanker owned by Canadian shipping company Desgagnés Group, has been launched at Turkish Besiktas Shipyard. The launching of the 14,000 dwt ship took place on July 29. Paul A. Desgagnés is the third in a series of four asphalt-bitumen-chemical ta
