Bermuda-based tanker owner Nordic American Tankers Limited (NAT) has named two of its new Suezmax tankers, the Nordic Star and the Nordic Space, on August 24. Nordic Star is scheduled to begin operations in early September, while Nordic Space is still awaiting completion. The 162,000 dwt vessels, sc
South Korean shipowner SK Shipping has ordered engines for its new 180,000 m3 liquefied natural gas (LNG) carriers from Switzerland-based engine manufacturer Winterthur Gas & Diesel. The company will delivery two 5-cylinder X72DF engines for each of a pair of the LNG carriers, which were ordered in
Leading international classification society Bureau Veritas has classed the first LNG-fuelled newbuilding oil/chemical tanker, the 15,000 dwt Ternsund, built under BV class at China’s shipbuilder Avic Dingheng and delivered to Danish Terntank Rederi at the end of June 2016. The new vessel, which is
Finland-based shipbuilder Meyer Turku has enlarged its investment package with a new steel storage and pre-treatment facility to EUR 75 million (USD 83.7 million), the company said. The move represents the shipbuilder’s third investment announced this year, previous being new gantry crane and buildi
Finland’s Wärtsilä and its compatriot gas company Gasum signed a joint cooperation agreement aimed at developing the use, distribution, and service solutions for natural gas in marine applications on August 29. The development work regarding liquefied natural gas (LNG) for marine applications will a
Greece-based shipping company Enterprises Shipping and Trading has placed an order for two 158,000 dwt tankers with South Korea’s shipbuilder Hyundai Heavy Industries, data published by VesselsValue shows. Although the price of the vessels was not disclosed, VesselsValue said that the market value o
Alphaliner: Hapag-Lloyd Unveils UASC’s USD 4 Bn Debt Ahead of Hapag-Lloyd’s annual general meeting, the German company has revealed the financials of its merger partner Dubai-based UASC, which include the Arab carrier’s total financial debts of USD 4 billion as at the end of June 2016… Read More Bos
German cruise company Hapag-Lloyd Cruises, owned by TUI AG, has been confirmed as the owner of the two expedition cruise vessels ordered at Fincantieri’s subsidiary Vard Holdings Limited (Vard). The parties signed a Letter of Intent (LoI) with respect to the design and shipbuilding contracts in May
Norwegian company Klaveness Shipholding and its compatriot EGD Shipholding have reached an agreement to partner in two combination Panamax bulk carriers currently under construction in China. EGD Shipholding AS and a subsidiary of Klaveness Shipholding AS will own 50% each in the two 80,500 dwt vess
Floating liquefied natural gas company Höegh LNG Holdings has signed agreements with Norway’s Wärtsila Oil and Gas and Moss Maritime for its first FSRU conversion project, including the ordering of equipment with long lead time. The company said that ordering the equipment in advance would reduce th
Dutch shipping company BG Freight Line, a fully owned subsidiary of Peel Ports Group, is to receive new tailor-made short sea container feeder vessels which would be deployed in the company’s Irish Sea Hub services. The four vessels, currently being built by China’s Zhoushan Changhong International
Greek tanker owner and operator Tsakos Energy Navigation (TEN) has taken delivery of the Panamax product tanker Sunray from South Korea’s shipbuilder Sungdong. Featuring 74,200 dwt, the vessel will immediately enter a long-term profit sharing contract with an oil major that could generate minimum gr
Norway’s shipbuilding company Kleven has inked a contract with DESS Aquaculture Shipping, a joint venture company established by Marine Harvest Norway and Deep Sea Supply, to construct a fish harvesting vessel with an option for a second one. The vessel is based on SALT 425 FHV design from Salt Ship
Genting Dream, a new cruise ship being built for the Asian cruise operator Dream Cruises, left the Meyer Werft shipyard in Papenburg, Germany, on August 19. Following the float-out of the ship, the remaining work as well as trials and tests will be carried out in the next few days, with the ship bei
