DHT Holdings, Inc. has entered into an agreement to buy eleven very large crude carriers (VLCCs), including two newbuildings due for delivery in 2018, from BW Group Limited. BW Group’s vessels, which have a total value of USD 538 million, are scheduled to join their new owner during the second quart
Italian shipbuilder Fincantieri held the steel cutting ceremony of the first of three new cruise ships ordered by Virgin Voyages, a part of Virgin Group of companies, at its Sestri Ponente yard in Genoa on March 22. The new cruise ships, which will feature 110,000 gross tons, are expected to join th
Shipowners’ interest is being diverted away from the recycling market with secondhand vessel values rising, according to Clarksons. This causes new tonnage in the market to generate firm competition between cash buyers. The number of Capesize bulk carriers sold for demolition in the year to date is
Italian shipbuilder Fincantieri held the keel laying ceremony for Nieuw Statendam, the new cruise ship being built for Holland America Line, a brand of Carnival Corporation, at its shipyard in Marghera, Venice. The first building block of the ship, 11.3 meters long, 34.8 wide and weighing about 260
Norwegian shipping and tank terminal company Odfjell has signed of a letter of intent for two additional chemical tankers with stainless steel cargo tanks to be built by China’s shipyard Hudong-Zhonghua Shipbuilding. To feature 38,000 dwt, the vessels will have 40 tanks and a cargo capacity of about
The Russian state-owned shipping company Sovcomflot has placed an order for the construction of four 114,000 dwt Ice-Class IA Aframax tankers at South Korean yard Hyundai Samho Heavy Industries (HSHI). Featuring 250 meters in length, 44 meters in width and 21 meters in height, the world’s first liqu
Readers’ Picks of the Week (March 13-17, 2017)
There are numerous risks of technical nature not being considered when opting to construct the ever bigger containerships that are being overshadowed by the luring economies of scale, the Nordic Association of Marine Insurers (Cefor) warns. According to the association, apart from the commercial cha
Miami-based Norwegian Cruise Line (NCL) showed first images of its new Leonardo-Class ships at Seatrade Cruise Global in Miami on March 15. In February this year, Norwegian Cruise Line Holdings signed a deal with Italian shipbuilder Fincantieri for the construction of four new cruise ships, with an
Swedish tanker owner Terntank has taken delivery of the fourth and final chemical tanker with a dual-fuel two-stroke engine which was constructed by China’s Avic Dingheng Shipbuilding. The M/V Tern Ocean, handed over to the company on March 15, was part of the batch of four tankers with LNG dual-fue
In response to growing ship traffic through the waterway, the Panama Canal intends to launch vessel scheduling and maritime resource management system in order to deal with inflow of cargo following the canal expansion. The system is expected to transform how the Panama Canal plans and schedules tra
Saint-Nazaire-based shipbuilder STX France has hired Polish Havyard Production & Service (HPR) to carry out electrical work in two out of seven zones in a series of cruise ships being built for Celebrity Cruises, a brand of Royal Caribbean Cruises. Under the contract related to the Edge series cruis
COSCO (Zhoushan) Shipyard Co., Ltd, a subsidiary of COSCO Shipyard Group Co., has delivered a 152,300 dwt shuttle tanker Anna Knutsen to an undisclosed European shipowner. The 273-meter-long ship, which has a market value of USD 85.2 million, has joined the fleet of Norway-based Knutsen NYK Offshore
Amsterdam-based shipping company Spliethoff has ordered six multipurpose vessels from Chinese shipbuilder Zhejiang Ouhua Shipbuilding. Each of the six newbuildings will have a length of 165 meters and a tonnage of 18,000 dwt. The vessels, which belong to the company’s new R-Class, are designed in ac
