Greek Oceanbulk Group has been linked to an order for four Capesize bulkers at China’s Shanghai Waigaoqiao Shipbuilding, a wholly owned subsidiary of China CSSC Holding. The 180,000 DWT quartet is valued at USD 172 million, with Oceanbulk paying USD 43 million a piece, data from VesselsValue shows.
Norwegian shipbuilder Ulstein Verft has held the steel cutting ceremony for Color Line’s plug-in hybrid ferry. The steel cutting took place at the hull yard Crist, Poland, on July 14. Scheduled to be completed in 2019, the newbuilding will serve the Sandefjord-Strömstad route. As explained, the ferr
The US-based cruise company Disney Cruise Line has decided to further expand its fleet as it added a third vessel to its orderbook. The first two vessels under the company’s next phase of expansion were ordered in March 2016 from Germany’s Meyer Werft shipyard. The new cruise ship will also be const
Norwegian Fosen Yard and China’s Hantong Shipbuilding agreed on July 7 to form a joint venture (JV) for building roll-on/roll-off passenger (RoPax), roll-on/roll-off (RoRo) and cruise vessels. As informed, the new JV will be named Fosen Hantong and will become effective immediately. The JV will util
Maran Tankers Management, part of Greek shipping major Angelicoussis Shipping Group, has returned to South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) for four additional very large crude carriers (VLCC). The four 318,000-ton VLCC, featuring 336 meters in length and 60 meter
By 2020, some 100 very large crude carriers (VLCCs) will be over 20 years old, hinting that the time may be ripe now to replace that tonnage especially since the newbuilding prices are hard to resist now. “With 80 million US dollars for a VLCC and 53 million US-dollars for a Suezmax, you need to [&h
Norwegian shipping and tank terminal company Odfjell has signed a final agreement to acquire five stainless steel newbuildings and form a pool for fifteen 25,000 dwt chemical tankers. The ships are a part of a newbuilding order of ten 25,000 dwt vessels with 24 stainless steel tanks, under construct
Turkish shipping company Yasa Shipping has been linked to the order of four Ultramax bulk carriers, including an option for a further four ships. The bulkers were ordered at China’s Jiangsu New Yangzijiang shipyard earlier this month, according to information provided by VesselsValue. Yasa Shipping
The cruise ship fleet is set to grow by 50 percent in the following ten years as cruise liners are expected to resume their ordering spree especially for the mega cruise ships. The current orderbook value stands at USD 47 billion, with 75 ships due for delivery by 2025. European shipbuilders still d
Tokyo’s classification society ClassNK has issued a Statement of Compliance (SoC) to a ship recycling facility in Turkey, verifying that the facilities are in line with the Hong Kong International Convention. Although the HKC has yet to enter into force, the Izmir-based Isiksan Ship Recycling and Tr
Tanker management company Central Shipping Monaco has placed an order at Hanjin Heavy Industries & Construction (HHIC) in the Philippines for up to four 115,000 dwt tankers. The order includes two firm plus two additional Long Range 2 (LR2) tankers, valued at USD 45 million each, according to Interm
Offshore services company Bourbon has entered into a Memorandum of Understanding (MOU) with Automated Ships Ltd to support the building of the Hrönn, the world’s first autonomous, fully-automated prototype vessel for offshore operation. The project will also include the support from the project’s pr
The shipping industry saw USD 42.5 billion removed from the ship lending jar in 2016, according to Petrofin Research’s latest report on global bank ship finance. The fall has been mainly attributed to the removal of Commerzbank and Royal Bank of Scotland, the lower bank portfolios by many banks, as
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