German shipbuilder Meyer Werft officially started the construction of the second new cruise ship for Asian cruise line Dream Cruises, a part of Genting Hong Kong, with a keel laying of World Dream on January 10. During the ceremony in Papenburg, Germany, block number 3, one of 92 blocks that will ev
Designer and builder of specialized vessels Vard Holdings Limited has secured contracts for the construction of two liquefied natural gas (LNG) powered car- and passenger ferries for Norwegian ferry operator Torghatten Nord. The total contract value amounts to approximately NOK 600 million (USD 70 m
German shipbuilder MV Werften has selected ABB propulsion, automation and marine software for five new cruise vessels being built for Genting Hong Kong brands Crystal Cruises and Star Cruises. The Swiss-based propulsion and automation systems provider will supply the complete power, propulsion and a
Greek owner of drybulk carriers DryShips Inc. has exercised its first option to acquire one very large gas carrier (VLGC) currently under construction at South Korean shipyard Hyundai Heavy Industries (HHI) for a purchase price of USD 83.5 million. The VLGC, scheduled to join the company’s fleet in
Greek owner of drybulk carriers DryShips Inc. has agreed to enter into a “zero cost” option agreement to purchase up to four high specifications very large gas carriers (VLGCs) capable of carrying liquefied petroleum gas (LPG). Each of the four VLGCs, which are currently under construction at South
M/S Megastar, a new liquefied natural gas (LNG) -powered fast ferry owned by Estonian shipping company Tallink Grupp, has been bunkered with LNG for the first time at the newly opened Skangas LNG terminal in Pori, Finland. Following the completion of the ship’s construction at the Finnish Meyer Turk
Athens-based dry bulk owner Diana Shipping has taken delivery of two 208,500 dwt Newcastlemax newbuildings, the MV San Francisco and the MV Newport News, that were contracted in May 2013. MV San Francisco is time chartered to Singapore’s Koch Shipping at a gross charter rate of USD 11,750 per day fo
Italian company Fincantieri has received an approval from a South Korean court making it the preferred bidder for Saint-Nazaire-based shipbuilder STX France, according to Reuters. The announcement was made only days after Italy’s shipbuilding and ship designing firm was unveiled as the only bidder f
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Greek dry bulk ship owner Diana Shipping has received a full refund payment in the amount of USD 9.4 million following the cancellation of the shipbuilding contract for a Kamsarmax dry bulk carrier. The shipbuilding deal with China’s Yangzhou Dayang Shipbuilding was cancelled in early November due t
