Boskalis Decides to Withdraw 24 Vessels Dutch dredging and maritime company Boskalis has decided to take 24 vessels out of service in the 2016-2018 period through their scrapping, sale and lay-up… Read More CSL Bulk Carrier Aground in St. Lawrence River Channel The 37,690 dwt bulk carrier Whitefish
Sweden’s tanker shipping company Stena Bulk has taken delivery of an MR tanker Stena Imagination from the Chinese shipyard Guangzhou Shipbuilding International (GSI). Jointly owned on a 50-50 basis by Stena Bulk and Indonesian Golden Agri Resources (GAR), the vessel is the seventh of a total of thir
Ramform Tethys marine seismic acquisition vessel has begun operations for Norway-based Petroleum Geo-Services ASA (PGS), following the installation of Ulstein COM, an information and communication system for marine applications. Ramform Tethys, which was launched in Nagasaki on March 17, is the thir
Monaco-based owner and operator of liquefied natural gas (LNG) carriers GasLog Ltd. has signed a time charter contract for a period of seven years with UK-based natural gas and energy supplier Total Gas & Power Chartering Limited (Total) to charter its only LNG newbuilding without a multi-year contr
Italian shipbuilder Fincantieri held a steel cutting ceremony of the bow section of Nieuw Statendam, the new cruise ship being built for US-based cruise company Holland America Line, part of Carnival Corporation, on July 8 at its shipyard in Palermo. Weighing about 3,900 tons, the section will be tr
Norwegian company Stream Tankers has placed an order for two 19,900 dwt chemical tankers at the Japanese shipbuilder Fukuoka Shipbuilding on July 5, according to data provided by VesselsValue. The vessels are scheduled for delivery in 2018 and 2019, respectively. Under the contract, the company has
Fincantieri, CSSC Tap Into China’s Growing Cruise Industry Italian shipbuilder Fincantieri and China’s shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) have signed an agreement for the constitution of a joint venture… Read More Vale Sells Three Valemaxes for USD 269 Mn Brazilian
Danish shipping company TORM has entered into a financing agreement for four LR2 newbuildings scheduled for delivery in 2017 and 2018. The financing agreement for the 114,000 dwt vessels is for an amount of up to USD 115 million. TORM concluded the deal, which runs for twelve years, with The Export-
Norwegian expedition cruise operator Hurtigruten has christened its new explorer ship, MS Spitsbergen, in Svolvær, Lofoten. Having a speed of 17.1 knots, MS Spitsbergen will be equipped and adapted for sailings in polar waters. With its gross tonnage of 7,344 tonnes, the vessel is 100.54 meters long
The European Community Shipowners’ Associations (ECSA) and the International Chamber of Shipping (ICS), which represent over 80% of world merchant tonnage, have rejected the concept of the ship recycling license, developed by consultants for the European Commission. According to ECSA, if proposals t
Holding company Genting Hong Kong Ltd has renamed the three shipyards in the German State of Mecklenburg-Vorpommern, which were bought in April, to MV Werften, which will focus on building large new cruise ships. Lloyd Werft, located in Bremerhaven and bought last September, will focus on its prior
Ships regardless of their flag should not be allowed to call at any EU port without a ship recycling license to incentivise sustainable ship recycling, the NGO Shipbreaking Platform cited a report from the European Commission. The report, written by Ecorys, classification society DNV-GL and the Eras
A joint venture between China’s shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) and the Italian shipbuilder Fincantieri plans to invest some USD 3.7 billion to build five cruise ships, according to local media. The first vessel from the batch, which will be able to carry up to
Norwegian ship-owner Ocean Yield ASA has formally acquired 49.5 percent in six newbuilding mega boxships owned by Quantum Pacific Shipping, a part of Quantum Pacific Group. The company’s investment in the 19,500 TEU vessels being under construction at Samsung Heavy Industries was announced on June 2
