Shipyards have been struggling with reduced vessel ordering for years as global output dropped and capacity diminished shortening their forward cover to the current 2.3 years, according to Clarksons Research. Forward cover, one basic indicator of the volume of work that shipyards have on order, is c
Strategic Marine, a subsidiary of TRIYARDS Holdings Limited, has received contracts worth USD 20.6 million to construct two passenger ferries for two ferry operators. Under the contracts, the company will build an 85-meter vehicle passenger ferry for Scottish ferry operator Pentland Ferries, while t
Five of the EU’s approved recycling yards have decided to join forces as they signed an agreement to form the European Ship Recyclers Group (ESR). Namely, the French Port of Bordeaux , Belgium-based Galloo, Smedegaarden from Denmark, Dutch Scheepssloperij Nederland and Spain’s DDR plan to operate un
Italian shipbuilder Fincantieri launched the cruise ship Carnival Horizon, Carnival Cruise Line’s new ship, at its Marghera shipyard on May 10. The shipbuilder said that interior fittings will now begin, leading the ship to its delivery, scheduled for spring 2018. Featuring 133,500 gross tons and a
Dutch shipbuilder Ferus Smit launched Symphony Provider, the second in a series of two EXOBOX DP2 vessels built for compatriot company Symphony Shipping, at its shipyard in Leer, Germany, on March 9. The 10,500 dwt Symphony Provider, which has a length of 125 meters and a width of 18 meters, is sche
Swedish tanker shipping company Stena Bulk has taken delivery of Stena Impeccable, the tenth of 13 IMOIIMAX MR tankers ordered from Chinese shipyard Guangzhou Shipbuilding International (GSI). The 50,000 dwt chemical and product tanker features a length of 183 meters and a width of 32 meters. The ta
The video above shows the float-out of the second mega block of World Dream, a cruise ship being built for Asian cruise line Dream Cruises at Meyer Werft shipyard in Papenburg, Germany, on March 3. World Dream, which is the second cruise ship being built for Genting Hong Kong’s Dream Cruises at the
Norwegian Joy, Norwegian Cruise Line’s first cruise ship custom designed for China, was floated out of its Papenburg building dock on March 4, according to German shipbuilder Meyer Werft. Beginning early Saturday morning, the 3,850 passenger vessel departed the shipyard’s building dock II, where it
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering has received a contract to build two liquefied natural gas (LNG) carriers for an undisclosed Marshall Islands-based shipowner. According to the company’s stock exchange filing, the order for the two 173,400 cbm LNG carriers is worth K
Crude oil tanker operator DHT Holdings has secured bank financing for the two 318,000 dwt VLCCs newbuildings ordered at South Korean shipbuilder Hyundai Heavy Industries (HHI). The VLCCs were ordered in January 2017 and are to be delivered in July and September 2018, respectively. As disclosed, the
Product tanker orderbook has dropped to its lowest level in nearly 17 years as it was equivalent to 10.2% of fleet capacity at the start of February 2017, a low not seen since August 2000, according to Clarksons Research. At the start of February, the product tanker orderbook of 10,000+ dwt vessels
John Fredriksen-controlled tanker owner and operator Frontline has reached an agreement to buy two very large crude carrier (VLCC) resales from South Korean Daewoo Shipbuilding & Marine Engineering (DSME). Purchased at a price of USD 77.5 million a piece, the new 300,000 dwt VLCCs are scheduled for
The first steel has been cut for MS Roald Amundsen, a hybrid-powered cruise ship ordered by Norwegian cruise line Hurtigruten, at Kleven Yards on the western coast of Norway. Scheduled for launching in 2018, Roald Amundsen will be “the world’s first expedition cruise ship powered by hybrid battery t
Italian shipbuilder Fincantieri has launched Kronprins Haakon, an oceanographic icebreaker being built for the Norwegian government, at its shipyard in Muggiano. The 9,000 gross ton newbuilding is expected to be delivered by the end of 2017. Featuring a length of 100 meters and a width of 21 meters,
