Readers’ Picks of The Week (May 29 – June 2, 2017)
China Merchants Industry Holding (CMIH) and DNV GL have signed a strategic cooperation agreement with a focus on advancing shipbuilding in the gas carrier, offshore and special vessel segments. The deal will see the companies working together to optimize construction processes and quality control, i
“Green Corridor” joint industry project (JIP) partners have presented an LNG-fuelled Newcastlemax design which is in the process of receiving Approval in Principle (AiP) from DNV GL. At the Nor-Shipping trade fair in Oslo today, project partners BHP, Fortescue, Mitsui O.S.K. Lines (MOL), Rio Tinto,
South Korean Hyundai Heavy Industries (HHI) and Lloyd’s Register (LR) are joining forces to design 180,000 dwt class bulk carriers. Under a joint development project (JDP) unveiled at Nor-Shipping 2017, the companies said that these designs will meet the latest market needs by using LNG as a fuel, w
French President Emmanuel Macron wants to review the terms of Fincantieri’s acquisition of its St Nazaire-based counterpart STX France. “I want to see the initial balance agreed in April to be revised,” Macron is quoted as saying by Reuters while attending the delivery ceremony of MSC’s new cruise s
Swiss-based cruise line MSC Cruises has officially taken delivery of MSC Meraviglia – the first of the company’s six new ships due to come into service between 2017 and 2020 – from STX France shipyard in Saint-Nazaire, France. During the vessel’s flag ceremony held on May 31, MSC Cruises newest flag
German shipbuilder Meyer Werft has unveiled the name of the first ship of AIDA Cruises’ first generation liquefied natural gas (LNG)-powered cruise ships – AIDAnova. The cruise company earlier said that the newbuilding will be the world’s first cruise ship that can be run completely on LNG. “With th
Partners in the PERFECt joint industry project (JIP) took one step closer to electric-driven 20,000 TEU ships with an LNG-fuelled combined cycle gas and steam turbine (COGES) electric power plant. Namely, the parties involved in the JIP informed that phase II of the project, which examined the poten
European short sea shipping specialist Compagnie Luxembourgeoise d’Navigation (CLdN) RoRo SA has exercised options for construction of two more 5, 400 lane meter vessels at the Korean shipyard Hyundai Heavy Industries (HHI). The latest options will make up the seventh and eighth ship from the compan
Classification society DNV GL has awarded an Approval in Principle (AiP) to Oshima Shipbuilding’s new tween deck solution. The parties presented the 65,000 open-hatch general cargo carrier design at Nor-Shipping conference and exhibition in Oslo, Norway. The design concept was developed by both comp
Italian shipbuilder Fincantieri signed a letter of intent (LOI) with China State Shipbuilding Corporation (CSSC) and Shanghai’s district of Baoshan aimed at creating a cruise ship industrial park. Under the deal signed on May 31, the three parties will engage in the creation of a hub, mainly dedicat
Norwegian shipbuilder and ship designer Ulstein Verft has signed a letter of intent (LOI) with an undisclosed company for the construction of one or more expedition cruise vessels of the design type ULSTEIN CX104. Planned for delivery in 2019 and 2020, the vessels will be designed by Ulstein Design
Dutch banks ABN AMRO, ING Bank and NIBC, together with the Scandinavian counterparts SEB and DNB, announced today at NOR-Shipping in Oslo that they are all introducing Responsible Ship Recycling Standards (RSRS) for their ship financing. The announcement was made during the biannual industry gatheri
Greek shipowner DryShips has won “firm commitment” for a senior secured credit facility of up to USD 150 million with Dutch ABN AMRO bank and the Export–Import Bank of Korea (KEXIM), the company said. The loan is intended to be used to partly finance the delivery of the shipowner’s four Very Large G
