Overall contracting of new vessels plunged in the three-month period from July to September to a mere 88 units, according to data provided by Clarkson Research. When compared to the same period in 2015, the orders dropped by some 81 percent from 481 vessel orders. Due to an oversupply in the shippin
Dry bulk shipping company Safe Bulkers has agreed to sell two newbuilding vessels to entities owned by Polys Hajioannou, the Chairman of the Board and the company’s Chief Executive Officer. The Japanese Panamax class vessel and the Kamsarmax class vessel, scheduled to be delivered in the first quart
NYSE-listed dry bulk owner and operator Scorpio Bulkers has reached agreements with shipyards to reduce the price to be paid under the shipbuilding contracts of four Kamsarmax vessels and two Ultramax vessels by an aggregate of USD 13 million. The bulk carriers in question were scheduled for deliver
Norwegian ship-owner Ocean Yield ASA has taken delivery of Navig8 Tourmaline, a 49,000 dwt IMO II chemical tanker, from South Korean shipbuilder STX. After being delivered from the shipyard, the vessel commenced a 15-year “hell and high water” bareboat charter to Navig8 Chemical Tankers, entering th
Greek dry bulk ship owner Diana Shipping has signed two addenda to extend the delivery dates of the two Newcastlemax dry bulk carriers, Hull No. H2548 and Hull No. H2549. Under the deals, signed with China Shipbuilding Trading Company (CSTC) and Jiangnan Shipyard (Group), the delivery date of the Hu
Norwegian ferry owner and operator Torghatten Nord AS has decided to convert two of its ferries from conventional to hybrid operation at its compatriot shipbuilder Havyard Ship Technology. The reconstruction and hybridization will be conducted on the company’s two 120 PBE shuttle ferries. Havyard Sh
The world’s first LNG-fueled Pure Car and Truck Carrier was delivered to Norway-based shipping firm United European Car Carriers (UECC), equally owned by NYK Line and Wallenius Lines, from Kawasaki Heavy Industries on September 29 at the NACKS shipyard in Nantong, China. To be named Auto Eco upon re
Malaysia International Shipping Corporation (MISC Berhad) held a sail away ceremony for the Marginal Marine Production Unit (MaMPU 1), which was converted from an oil tanker, at the MMHE East Yard in Pasir Gudang on September 29. MaMPU 1, a fit-for-purpose FPSO for the development of marginal fields
The image above shows Genting Dream, the first ship being built for Asian Dream Cruises line, equipped with an external lighting system by Finnish engineering company Wärtsilä. Built at German Meyer Werft shipyard, the 151,300 gross ton ship features a length of 335 meters and a width of 37.9 meters
Due to depressed dry bulk market conditions, which triggered a slump in bulk carrier contracting and in turn led to the newly slim orderbook, which hit a nine year low at the start of September, the bulk carrier fleet expansion is expected to ease in the coming years, according to Clarksons’ Shippin
The liquefied natural gas (LNG)-powered icebreaker Polaris was delivered to the Finnish Transport Agency on September 28, according to the Finland-based shipbuilder Arctech Helsinki Shipyard. Arctech Helsinki Shipyard delivered the most powerful newcomer in the Finnish Icebreaker fleet, icebreaker P
MV Svenja, owned by heavy lift and project cargo transporter SAL Heavy Lift, departed from Vietnamese Halong Bay loaded with 14 Damen vessels, on September 11, 2016. MV Svenja’s voyage began in Shanghai on August 30, 2016, when it started loading eight Stan Pontoons built at Damen Yichang Shipyard,
Norwegian ship owner Ocean Yield ASA has taken delivery of the Ultra Large Container Vessel (ULCV) MSC Eloane from South Korea’s shipbuilder Samsung Heavy Industries. After being delivered from the shipyard today, the vessel commenced a 15-year bareboat charter with Switzerland-based Mediterranean S
In an effort to strengthen its portfolio in the repair and refit activities for yachts, naval and commercial ships, the German shipbuilder Lürssen has acquired the Blohm+Voss shipyard in Hamburg for an undisclosed price. The contract between Lürssen and the funds of British private equity investor,
