The Netherlands-based BigRoll Shipping has taken delivery of the second MC Class vessel, the BigRoll Bering. The BigRoll Bering was delivered on June 17 by Chinese Cosco Dalian Shipyard. The vessel will immediately enter into a multi-year contract with Yamgaz, the consortium of Technip, JGC Corporat
Monaco-headquartered owner and operator of liquefied natural gas (LNG) carriers GasLog Ltd. has launched a debt financing of USD 1.05 billion with a number of international banks to re-finance six legacy vessel facilities. The company said that the re-financing covers eight on-the-water vessels, whi
COSCO Vessel Sets Sail to Make History in Panama The Neopanamax container vessel COSCO Shipping Panama has set sail from the Greek Port of Piraeus on its way to Panama where it will make the inaugural transit of the Expanded Panama Canal… Read More DSME Workers Vote for Walkout The unionized workers
Russia’s largest shipping company SCF Group (PAO Sovcomflot) and its compatriot VTB Bank signed a USD 260 million loan agreement to finance the construction of an Arctic LNG tanker for the Yamal LNG project. The new tanker will be able to carry up to 172,600 cubic metres of liquefied natural gas (LN
Russia’s shipbuilder Baltic Shipyard launched the largest nuclear-powered icebreaker Arktika on June 16 in Saint-Petersburg, according to the company. As the first vessel in a series of three of the Project 22220, Arktika is set to replace nuclear ships of the previous generation. The project, which
Chemical and product tanker Stenaweco Impulse, jointly owned by Swedish Stena Bulk and Danish Weco Shipping, was named on June 13 at Langelinie Pier in Copenhagen. The 50,000 dwt Stenaweco Impulse is the sixth in a series of 13 IMOIIMAX MR newbuilding tankers. Three of the 13 IMOIIMAX tankers are wh
Four new vessels, ordered last week by Maran Tankers Management (MTM) and Maran Gas Maritime, oil tanker and gas shipping units of the Angelicoussis Shipping Group Limited (ASGL), will each be fitted with MAN engines, according to the company’s statement. Angelicoussis Shipping’s units ordered two M
Baku-based shipping company Azerbaijan Caspian Shipping said that it commissioned four 5,490 dwt dry bulk vessels which are expected to start working in the Black and Mediterranean Seas, according to the company. Featuring a breadth of 16.5 meters, the new vessels were named Poet Vaghif, Poet Sabir,
Norwegian ferry owner and operator Fjord1 has signed a newbuilding contract with Turkey-based Tersan Shipyard for two battery-powered ferries that will be fully electrically operational. The two ferries are expected to start operating from January 1, 2018, until 2027 on E39 Anda-Lote on the west coa
With close to 70% of all vessels being recycled in South Asia, the shipbreaking yards in Alang, India are one of the most important centers for ship recycling, therefore responsible practices at the site should be encouraged rather than dismissed, according to the European Community Shipowners’ Asso
Interview: Most Ship Owners Still Opt for Worst Yards As 2016 could be the busiest year on record in ship recycling, World Maritime News spoke to NGO Shipbreaking Platform’s Executive Director, Patrizia Heidegger, to find out more about the major issues behind South Asian beaching… Read More Report:
Struggling South Korean yards exhibiting at this year’s Posidonia event in Greece seem to be on a roll over the past few days as they clinch the badly-needed new orders. One of those shipbuilders is certainly Sungdong Shipbuilding & Marine Engineering Co. (Sungdong), which has won its first order fo
The Netherlands-based shipbuilder Ferus Smit launched yesterday a newbuilding Arklow Cadet for a shipping company from Ireland, Arklow Shipping. The vessel was launched at the Westerbroek yard near Groningen. Arklow Cadet is the first vessel in a series of ten that will be delivered to the abovement
Business seems to be thriving for regional ship repair operators participating in this year’s Posidonia Exhibition, in particular for shipyards from Turkey and Portugal which have used the event to seal several business deals. “We have concluded three major deals during the first two days of Posidon
