Danish shipping giant Maersk Line has admitted that its own contracts from divestments “have not always guaranteed the intention” of the company’s recycling policy, according to Annette Stube, Head of Maersk Group Sustainability. The company has thus tightened its procedures and contract requirement
Germany-based shipowner and operator Oldendorff Carriers confirmed that it purchased a total of eight vessels since August 2016. Namely, the company said that it bought 3 Babycapes and 5 Post Panamax bulk carriers to supplement its owned fleet. The company’s latest purchase includes the 2011-built P
Dutch shipbuilder Ferus Smit has launched Symphony Performer, the first in a series of two ECOBOX DP2 long range supply vessels being built for its compatriot shipping company Symphony Shipping. The 10,500 dwt ship was launched at Ferus Smit’s shipyard in Leer, Germany, on October 14, 2016. Featurin
Greek shipping company Metrostar Management Corp has decided to sell two 308,000 dwt Very Large Crude Carriers (VLCC) on order at South Korea’s shipbuilder Hyundai Heavy Industries, according to data provided by VesselValue. The vessels, Cude Med and Crude Progress, were sold to Metrostar’s compatri
Norwegian ship owner Ocean Yield ASA has reached an agreement to cancel the final of three newbuilding Liquefied Ethylene Gas (LEG) carriers which were ordered from China’s shipbuilder Sinopacific Offshore & Engineering in May 2014. Ocean Yield has paid USD 16.2 million in pre-delivery instalments t
Drewry: Container Carriers Still Face High Risk of Failure Privately-owned container carriers could risk losing shippers’ trust if they do not provide any data on their level of indebtedness and balance sheet strength, according to shipping consultancy Drewry… Read More Trafigura Sells Five Tanker N
Tanker owner and operator Frontline has entered into an agreement to terminate contracts for four Very Large Crude Carrier (VLCC) newbuildings previously ordered from South Korea’s shipbuilder STX Offshore & Shipbuilding. The contracted price of these vessels, which were due for delivery in 2017, wa
Finnish engineering company Wärtsilä has signed a contract with LaNaval shipyard in Sestao, Spain for the design and supply of the LNG power and propulsion installation for a new RoRo passenger ferry. Wärtsilä will also provide inclusive project support services to the yard, including integration en
Miami-based cruise ship company Norwegian Cruise Line revealed plans to send its next new vessel, named Norwegian Bliss, on Alaska cruises starting from June 2018. The company said that Norwegian Bliss will cruise to America’s Last Frontier from Seattle and will be the first Norwegian Cruise Line sh
Antwerp-based tanker owner and operator Euronav NV has agreed with South Korean shipbuilder Hyundai Heavy Industries (HHI) to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017. Previously expected to be delivered between October and November
MacGregor, part of Cargotec, a Finnish provider of cargo-handling machinery for ships, has won Pusnes deck machinery orders for a new series of 400,000 dwt very large ore carriers (VLOCs) under construction at Chinese shipyard, Qingdao Beihai Shipbuilding Heavy Industries. MacGregor will deliver hig
Dutch shipbuilder Damen Shipyards Group has unveiled its recently finished Expedition Cruise Vessel design, developed together with Expedition Voyage Consultants Ltd and the Danish Naval Architect firm, Knud E. Hansen. The Damen Expedition Cruise Vessel has been designed for expedition operations in
German shipbuilder Meyer Werft delivered the new cruise ship Genting Dream to the Asian cruise operator Dream Cruises in Bremerhaven on October 12. After being handed over to the owner in Bremerhaven, the 335-meter long Genting Dream will set sail to Pacific Asia where it will offer cruises for two,
South Korea’s shipbuilder Samsung Heavy Industries (SHI) has ordered Mark V technology to be installed aboard a new liquefied natural gas (LNG) carrier. French marine engineering company Gaztransport et Technigaz SA (GTT) was awarded the Mark V contract for the LNG carrier, which is scheduled to joi
