Greece-based Capital Ship Management Corp. has taken deliveries of a crude oil/product tanker newbuilding and a 2011-built bulk carrier. M/T Aristoklis, a 112,800 dwt Ice Class 1C tanker, was handed over to the company from South Korean Daehan Shipbuilding on January 25, 2017. The Aframax tanker is
Italian shipbuilder and ship designer Fincantieri has been asked to revise its offer for Norwegian Vard Holdings Limited (VARD) as the minority shareholders of Vard “are not happy with the offer,” according to Securities Investors Association (Singapore). Fincantieri, the current majority shareholde
Discussion on the recently published European list of approved ship recycling facilities has raised a number of issues at the fourth Ship Recycling Congress on January 25-26 in London. Namely, while the Danish Shipowners’ Association continues to argue that the list, which at this stage only feature
Russia’s Krasnoye Sormovo shipyard, cruise company Vodohod and leasing firm Goznak-Leasing have signed a three-party contract for the construction and delivery of a cruise liner within the Project PV-300, MNP Group informed. Under the agreement, the ship will be built at Krasnoye Sormovo shipyard, p
Turkish shipping company Atlantis Tankers informed that its chemical/product tanker Atlantis Augusta was launched at compatriot Selay shipyard on January 23, 2017. The 5,700 dwt Atlantis Augusta is the ninth newbuilding in the company’s fleet. The construction of the ship originally started at Marma
Italian shipbuilder Fincantieri has delivered Viking Sky, the third of six cruise ships ordered by California-based Viking Ocean Cruises, at its shipyard in Ancona. Viking Sky, as its sister ships, is placed in the small cruise ship segment as it has a gross tonnage of about 47,800 tons. The cruise
Reykjavik-based shipping company Eimskip has finalized an order for two 2,150 TEU container vessels with China Shipbuilding Trading Company Limited and Guangzhou Wenchong Shipyard Co. Ltd. The new vessels will have an ice class and will be designed in accordance with the Polar Code. With an overall
The large number of very large container ships (VLCS) and ultra large container ships (ULCS) due to be delivered in 2017 is projected to be twice as high as 0.75 million TEU containership scrapping forecast for the year, according to Alphaliner. The overall delivery figure for the year stands at 1.6
Norwegian ferry operator Color Line has signed a Letter of Intent (LOI) with compatriot shipyard Ulstein Verft for the construction of the world’s largest hybrid vessel. Planned to be deployed on the Sandefjord-Strömstad service from summer 2019, the new ferry is a plug-in hybrid, where the batterie
Estonian shipping company Tallink took delivery of its new liquefied natural gas (LNG)-powered fast ferry Megastar from Finland-based Meyer Turku Shipyard on January 24. Built under an EUR 230 million investment, Megastar is 212 meters long and capable of carrying up to 2,800 passengers. Dubbed the
The seventh newbuilding product tanker has been delivered to the shipping firm Navig8 Product Tankers from Chinese shipbuilder Guangzhou Shipyard International Company Limited. Featuring 113,000 dwt, the LR2 tanker Navig8 Gladiator was ordered as part of a batch of eight ships from the former CSSC O
German shipping company Hapag-Lloyd named its second new 10,500 TEU containership Cartagena Express at the Hyundai Samho Heavy Industries shipyard in Samho, South Korea, on January 23, 2017. Scheduled to be deployed in the company’s SW service, Cartagena Express is the third ship of the Post-Panamax
The previous year was very weak for newbuild ordering as contracting activity fell to its lowest level in over 30 years in numerical and tonnage terms, according to Clarkson Research. Low levels of newbuild demand have continued to limit ordering across the majority of vessel sectors, and the majori
Cruise shipping giant Carnival Corporation & plc has signed a memorandum of agreement with Italian shipbuilder Fincantieri for the construction of two new cruise ships with final contracts expected to be executed in early 2017. Valued at over EUR 1 billion (USD 1.06 billion), the new ships are desig
