Greek ship owner Primerose Shipping has ordered two bulk carriers in China, shipbroking sources say. The two 81,000 dwt vessels are to be built by China’s state-owned CSSC Chengxi Shipyard. The shipbuilding contracts for two bulkers have been valued at USD 24.8 million each, and the vessels are said
China-based COSCO (Dalian) Shipyard, a subsidiary of COSCO Shipyard Group, has delivered bulk carrier newbuilding Flag Lama to a European owner. The 79,500 dwt vessel was handed over to Greek shipping company Golden Union, VesselsValue’s data shows. The Panamax bulker, which has a market value of US
Chemicals transportation company Navig8 Chemical Tankers has entered into a second sale and leaseback deal with subsidiaries of Japan-based SBI Holdings Inc (SBI) for two 25,000 dwt stainless steel chemical tankers being built by Japanese Fukuoka Shipbuilding. BNP Paribas and Crédit Agricole Corpora
Petroleum products shipping company Navig8 Product Tankers has taken delivery of the Navig8 Gratitude, a 113,000 DWT LR2 tanker from China’s Guangzhou Shipyard International Company Limited (GSI). The Navig8 Gratitude is the last of eight vessels contracted at GSI, formerly CSSC Offshore & Marine En
Italian shipbuilder and ship designer Fincantieri has signed a share purchase agreement for the acquisition of 66.66% of the share capital of STX France from its current shareholder, STX Europe AS. The agreement entails a purchase price of EUR 79.5 million (USD 88.5 million), to be paid through avai
Starting with the latest addition to the global fleet of super-sized containerships, the recently-christened 21,413 teu OOCL Hong Kong has taken the title of the largest ship in the world based on its advertised nominal container intake. However, the sea giant features 191,317 in dwt capacity, consi
Exmar LPG, a joint venture of Exmar NV and Teekay LNG Partners, has reached an agreement with South Korean shipbuilder Hyundai Heavy Industries (HHI) to take over and novate an existing newbuilding contract for an LPG carrier. The 38,000 cbm fully-refrigerated midsize gas carrier (MGC) is scheduled
JS Ineos Invention, the final of eight Dragon Class vessels ordered from China’s shipyards by Danish shipping company Evergas, has been delivered to its charterer INEOS. Back in 2013, Evergas ordered four identical vessels from the Sinopacific Offshore & Engineering shipyard in Qidong, China. The or
Despite being the preferred option for responsible ship recycling when compared to South Asia’s shipbreaking yards, Turkey’s Aliaga-based breaking yards still face considerable challenges including high accident rate. Furthermore, there is a low level of awareness of occupational diseases at the Ali
Norway’s car carrier owner and operator Höegh Autoliners has sold its 1988-built Pure Car and Truck Carrier MV Höegh Triton for recycling, the company said. As informed, the vessel will be recycled at Jiang Men City Zhong Xin Shipbreaking & Steel Co. in China, under supervision by Grieg Green. “This
China’s COSCO (Qidong) Shipyard has entered into a contract with an unnamed European buyer to build a Floating Storage Regasification Module (FSRU module). The company’s parent, COSCO Shipping International (Singapore), said that its Qidong shipyard and the European buyer have agreed to keep the con
Shipping company Navig8 Chemical Tankers had taken delivery of a 25,000 dwt stainless steel chemical tanker, Navig8 Sceptrum. Featuring a length of 159 meters and a width of 25 meters, the vessel was constructed by the Japanese shipbuilder Kitanihon Zosen. The Navig8 Sceptrum is the sixth of six ves
Norwegian shipping company Torvald Klaveness has taken delivery of MV Ballard, an 80,500 dwt CABU combination carrier, from Chinese shipbuilder Zhejiang Ouhua Shipbuilding. The Panamax bulk carrier, which has a length of 228.4 meters and a width of 32.3 meters, is the third in a series of three CABU
Italian shipbuilder Fincantieri reported a EUR 1.104 billion in revenue and income for the first quarter of this year against EUR 1.048 billion (approximately USD 1.19 billion) year earlier, up 5.3% compared to the same period of 2016. The company’s EBITDA was also up year-on-year standing at EUR 67
