Finland’s Containerships plc has secured EUR 16.9 million (USD 18m) to finance the project of implementing the use of liquefied natural gas (LNG) throughout the container shipping company’s logistics supply chain. Containerships has been awarded the funds by the European Union and the Nordic Environ
South Korea’s financially troubled Daewoo Shipbuilding & Marine Engineering (DSME) has won a contract to build three very large crude carriers (VLCCs) for the Greek shipping company Maran Tankers, part of the Angelicoussis Shipping Group. The contract for the three 318,000 dwt tankers is valued at U
Russia’s SCF Group (Sovcomflot) has signed an agreement with Shell Western LNG B.V. (Shell) for the supply of liquefied natural gas (LNG) to fuel the first Aframax crude oil tankers in the world to be powered by LNG. Under the deal, Shell will provide the LNG fuel for the new generation of SCF Group
NASDAQ-listed Dryships Inc has entered into agreements to acquire six vessels for a total gross price of USD 268 million. These vessels are comprised of one Aframax tanker built in 2012, three Kamsarmax drybulk vessels, one currently under construction and two built in 2014, and two very large gas c
Canadian shipping company Desgagnés Group has taken delivery of the M/T Damia Desgagnés, the first dual-fuel powered Canadian-flagged tanker and the first-ever asphalt carrier of this type. This asphalt-bitumen-chemical tanker is the first in a series of four carriers, custom-built according to an o
Italian shipbuilder Fincantieri has delivered Silver Muse, the new cruise ship built for Silversea Cruises, from its shipyard in Genoa Sestri Ponente. At 40,700 gross tons and the capacity to accommodate 596 passengers on board, Silver Muse represents an evolution of Silver Spirit, delivered in 2009
Greek owner and operator of dry bulk and container carrier vessels Euroseas Ltd. has decided to proceed with the construction of a Kamsarmax drybulk carrier originally ordered in 2014 with China’s shipbuilder Jiangsu Yangzijiang Shipbuilding. Under the addendum to the earlier agreed newbuilding cont
Italian shipbuilder and ship designer Fincantieri has managed to return to black in 2016 as the company recorded a profit of EUR 14 million (USD 15 million) for the full year, against a net loss of EUR 289 million (USD 310.4 million) seen in the previous year. Fincantieri’s revenues were up by 5.9%
Dutch shipping company Wijnne Barends, a part of the Spliethoff Group, has placed an order for the construction of six energy-efficient vessels at the Indian shipyard Chowgule & Company. Featuring 4,200 deadweight tons, the vessels will have a length of 98 metres and “are designed to meet the increa
Norwegian Joy, Norwegian Cruise Line’s first custom-designed ship for the Chinese cruise market, began its journey to its home port of Shanghai, China this week, as its departed the Meyer Werft shipyard in Papenburg, Germany. The ship embarked on its approximately 14-hour long conveyance along the E
Greece-based shipping company Maran Tankers plans to order three very large crude carriers (VLCCs) from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), according to information provided by VesselsValue. Maran Tankers would pay USD 80 million for the construction of each of
Readers’ Picks of the Week (March 20-24, 2017)
Russian shipyard Krasnoye Sormovo, part of the United Shipbuilding Corporation, has launched the first of two chemical tankers ordered from compatriot shipping company Volgotrans. The 6,980 dwt tanker named Volgotrans-2701 features a length of 140.9 meters and a width of 16.7 meters. Scheduled for d
The Netherlands-based BigRoll Shipping has taken delivery of BigRoll Beaufort, the last of four Module Class carriers, from China-based Cosco Dalian Shipyard. BigRoll Beaufort will enter a short-term project with Yamgaz, the consortium of Technip, JGC Corporation and Chiyoda for module transportatio
