Global ordering activity has fallen to 26-year low in January 2017, shipbuilding data from Maritime & Trade by IHS Markit show. Specifically, demand for bulk carriers and gas carriers has plummeted as there were no booked orders in January. The appetite of shipowners for tankers over 10,000 dwt has
Amid a huge gap between supply and demand in the container shipping industry, carriers seem to be reluctant to fully seize the opportunity to narrow the difference, according to shipping consultacy Drewry. Namely, the shipping companies are not expected to take the advantage and delay gratification
Copenhagen-headquartered shipping and logistics company DFDS has held a naming and launching ceremony for the first of its two RoRo freight vessels currently under construction at Flensburger Schiffbau-Gesellschaft in Flensburg. The 210-metre vessel, named Gardenia Seaways, was launched on 17 Februa
South Korean shipbuilder Hyundai Heavy Industries (HHI) has received an order for construction of two 300,000-ton very large crude carriers (VLCC) from Greek shipowner Enesel, Korean news site Pulse reported. As disclosed, the newbuildings are expected to be delivered in the second half of 2018 and
As containership deliveries dropped from the record 1.7 million TEU in 2015 to just 0.9 million TEU in 2016, the boxship sector could enter a new era of less robust fleet growth if deliveries remain at moderate levels, Clarksons Research said. The slowdown in boxship deliveries in 2016, alongside re
Damen Shiprepair & Conversion (DSC), part of Dutch Damen Shipyards Group, plans to lay off around 150 workers as part of its reorganisation program at three Dutch yards within its group. The yards that will be restructured are Damen Shiprepair Rotterdam (DSR), Damen Shiprepair Van Brink (DSVB) and D
Italy’s Fincantieri has entered into a binding Memorandum of Agreement (MoA) with China State Shipbuilding Corporation (CSSC) and Carnival Corporation & plc for the construction of two cruise ships, with an option for additional four vessels. The deal, subject to several conditions, has a value of a
Italian shipbuilder Fincantieri has been linked to a binding deal on construction of cruise ships for the Chinese market, Bloomberg reports citing undisclosed sources familiar with the matter. The contract is said to be part of a series of deals between Italy and China to be announced during this we
Greek owner of drybulk carriers DryShips Inc. has decided to re-enter the tanker shipping market as it agreed to purchase an Aframax tanker and a very large crude carrier (VLCC). Bought for a total gross price of about USD 102.5 million, the two vessels are set to join DryShips’ fleet in the second
The first steel has been cut for a new liquefied natural gas (LNG) -powered cruise ship ordered by German cruise line AIDA Cruises from compatriot shipbuilder Meyer Werft. The steel-cutting ceremony was held at Meyer Werft shipyard in Papenburg on February 21, 2017. The newbuilding will be the world
Norwegian ferry operator Color Line has signed a contract with compatriot shipbuilder Ulstein Verft for the construction of the world’s largest hybrid vessel. In January this year, the duo inked a letter of intent (LOI) for the construction of the ship. The shipbuilder plans to cut first steel for t
Norwegian transporter of LPG and petrochemical gases Solvang Shipping has signed a Letter of Intent (LOI) for the construction of up to four ethylene carriers with South Korea’s shipbuilder Hyundai Mipo Dockyard. The deal includes firm orders for two ethylene carriers with a capacity of 21,000 cbm,
John Fredriksen-controlled Flex LNG said it was contemplating the acquisition of shipbuilding contracts for two high-end MEGI LNGC newbuilds at South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The contracts are currently held by affiliates of Geveran Trading Co. Ltd. (Geve
Italian shipbuilder Fincantieri held a keel laying ceremony for Viking Spirit, the fifth of six cruise ships ordered by Viking Ocean Cruises, on February 16 at the shipyard in Ancona. The first building block of the ship, about 11 meters long, 28,8 meters wide and weighing about 280 tons, is part of
