Greek shipowner New Shipping Ltd is looking to expand its very large crude carrier (VLCC) fleet as the company signed a Letter of Intent (LOI) for the construction of two 320,000 dwt tankers, VesselsValue data shows. The shipowner is reportedly paying a price of USD 70 million for each ship. Besides
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Owner and operator of liquefied natural gas carriers Teekay LNG Partners has decided to sell its 151,800 dwt Suezmax tanker to Greece-based shipowner Eurotankers, according to data provided by VesselsValue. The vessel in question is the 269-meter-long Asian Spirit, built by South Korean Hyundai Heav
Geneva-based cruise giant MSC Cruises and French shipbuilder STX France have finalized the contract details for the previously announced two options for Meraviglia-Plus class cruise ships. With all ship specifications now agreed, the companies said that the contract has come into force, with vessel
The crude oil tanker segment composing of VLCC, suezmax and aframax ships, experienced a net-fleet growth of 7.3%, which is equal to 24.3 million dwt during the period from January 2014 to October 2016, according to BIMCO. The VLCC segment, with 20.7 million dwt or a net fleet growth rate of 11% too
Greek dry bulk ship owner Diana Shipping has reached an agreement to reduce the contract price and change the delivery date for two Newcastlemax dry bulk carriers currently under construction in China. Namely, the company signed two addenda with China Shipbuilding Trading Company, Limited and Jiangn
Greek owner and operator of drybulk and container carriers Euroseas has signed an agreement to acquire an Ultramax drybulk carrier from China’s Dayang shipyard. The 63,500 dwt newbuilding Hull DY160 is expected to be delivered in January 2017, subject to a successful inspection by the company by lat
French shipping company Brittany Ferries has signed a letter of intent (LOI) with German Flensburger Schiffbau shipyard for the construction of a new ship powered by liquefied natural gas (LNG). A final contract for the 1,680-passenger ferry is expected to be signed in spring 2017. Following the agr
The NGO Shipbreaking Platform has called on the owner of the iron ore bulker Berge Stahl and the Dutch authorities to ensure the responsible recycling of the 30-year-old vessel. Berge Stahl, owned by Singapore-based dry bulk owner Berge Bulk, has called at Rotterdam’s ore terminal 249 times over the
Italian shipbuilding company Fincantieri and Virgin Voyages, a part of Virgin Group of companies, have finalized ship construction contracts valued at around EUR 2 billion (USD 2.07 billion). Under the agreement, the first three cruise ships ordered by the cruise line will be built at the shipyard i
Norwegian transport conglomerate Fjord1 is looking to expand its fleet as it ordered three electric ferries from its compatriot shipbuilder Havyard Ship Technology in Leirvik. Havyard Ship Technology said that the work and construction of these ferries starts immediately, and the first vessel is due
Greek shipping company Evalend Shipping has bought three resale Panamax bulk carriers currently under construction at China’s Jiangsu New Yangzijiang shipyard, which were initially ordered by its compatriot Paragon Shipping, VesselsValue’s data shows. The vessels in question are the 82,100 dwt Inspi
German-Danish ferry operator Scandlines’ second new hybrid ferry for the Rostock-Gedser route left the Danish shipyard Fayard on December 19, 2016. According to the company, M/V Copenhagen is scheduled to go into operation on December 21 from Gedser in Denmark. Christened in late October, the new fe
The video below shows the float-out of the first mega block of World Dream, the new cruise ship being built for Asian cruise line Dream Cruises at Meyer Werft shipyard in Papenburg, Germany. The 151,300 gross ton newbuilding is scheduled for delivery in fall 2017, according to Meyer Werft. With a le
