Norwegian shipbuilder and ship designer Ulstein delivered Island Venture, an offshore construction vessel (OCV), to Island Ventures 5 LLC, a joint venture between Edison Chouest Offshore from the USA and Island Offshore from Norway on January 17, 2017. The 14, 248 dwt Island Venture is said to be Ul
Croatian shipbuilder Uljanik has delivered Palanca Cadiz, a 15,000 dwt asphalt carrier, to Swedish shipping company Wisby Tankers. The tanker was launched at Uljanik’s 3. Maj shipyard in mid-April 2016, according to the shipbuilder. The Marshall Islands-flagged newbuilding features a length of 133 m
NYSE-listed Scorpio Tankers has received commitments for a loan facility of up to USD 172 million from a group of financial institutions which will be used to finance up to 60% of the market value of eight MR product tankers under construction at Hyundai Mipo Dockyard in South Korea. The eight newbu
Norway-based owner and operator of floating liquefied natural gas (LNG) import terminals Höegh LNG Holdings has signed contracts with two South Korean shipbuilders for the construction of two floating storage and regasification units (FSRUs), with an option for additional three FSRUs. The first ship
Nasdaq-listed owner and operator of drybulk and container carrier vessels Euroseas has taken delivery of a bulker newbuilding from Dayang shipyard in China. The newbuilding Hull DY 160, to be renamed Alexandros P, is a 63,500 dwt Ultramax dry bulk carrier built in January 2017. Alexandros P is one o
Norway-headquartered marine crane and equipment manufacturer TTS Group has delivered the first of four shipsets of TTS deck equipment to Shanghai Shipyard to be used on vessels ordered by China Ocean Shipping (Group) Company (COSCO) . In April 2015, Shanghai Shipyard, part of the China State Shipbui
International banking group Standard Chartered has completed three shipping finance deals for clients in Asia and the Middle East valued in excess of USD 1.6 billion. In December 2016, Standard Chartered concluded a USD 684.5 million, up to 12-year non-recourse shipping finance facility for BW Gas J
Norwegian shipbuilder and ship designer Vard has signed a Letter of Intent (LOI) for the design and construction of an expedition cruise vessel for an undisclosed international cruise company. The luxury vessel will be about 145 meters long and 20 meters wide, with accommodation for 220 passengers.
Third country ship recycling yards should get EU recognition to raise standards worldwide and respond to demand, according to European Community Shipowners’ Associations (ECSA). In December 2016, the European Commission published its first edition of the EU list of approved ship recycling facilities
Greece-based Capital Ship Management Corp. has taken deliveries of two tanker newbuildings from Asian shipyards and a 2011-built bulk carrier. M/T Amfitrion, a 50,100 dwt IMO II/III eco chemical/product tanker, was delivered from Samsung Heavy Industries (SHI) Ningbo in China on January 12, 2017. Th
Dutch shipbuilding company Ferus Smit has launched Arklow Castle, the third in a series of ten vessels being built for Ireland-based Arklow Shipping. The single deck cargo vessel was launched at the shipbuilder’s Westerbroek yard on January 12, 2017. With a maximized hold volume of 220,000 cft and a
Maersk Tankers, part of the Danish shipping conglomerate Maersk, has taken delivery of Maersk Timaru, a 51,800 dwt product tanker, from South Korea’s Sungdong shipyard. Completed in late October 2016, the MR2 tanker is part of Maersk Tankers’ investment in 19 new vessels, which is aimed at renewing
German Dry Docks (GDD), BREDO Dockgesellschaft (BREDO) and Mützelfeldwerft plan to form a shipyard alliance under the umbrella of the German Dry Docks Group, starting from February 1, 2017. The shipyards will preserve their independence and continue to trade in the market with their names, according
Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, has taken delivery of the Navig8 Saiph, a 25,000 dwt stainless steel chemical tanker, from Japanese shipbuilder Kitanihon Shipbuilding. The Navig8 Saiph is the fifth of six vessels ordered by the compan
