Classification society DNV GL has launched a joint industry project LPGreen for the design of a next generation LPG carrier, with partners including Hyundai Heavy Industries (HHI), Wärtsilä, MAN Diesel & Turbo and Consolidated Marine Management (CMM). The project aims to develop a safer vessel for t
Two Ukrainian sailors have been found dead on board a Maltese-flagged ship that arrived for maintenance on Wednesday to Istanbul’s Desan shipyard. The two sailors, both reported to be in their mid-thirties, were found dead in their rooms, according to the ship’s captain, Turkish daily the Hurriyet w
Maran Tankers Management (MTM) and Maran Gas Maritime, oil tanker and gas shipping units of the Angelicoussis Shipping Group Limited (ASGL), have placed an order for four new ships with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). Based on the terms of the contract sig
Greek company Helengi Engineering has debuted its LNG bunker feeder vessel Amaltheia at the exhibition Posidonia 2016 being held in Athens, at the same time when Greece is said to be entering the ‘LNG era in the Med and Aegean’. The vessel is designed and engineered by the company in collaboration w
Dutch shipbuilder Ferus Smit has delivered MV Ireland, the second LNG-powered cement tanker to its owner, JT Cement, a joint venture between Swedish shipping company Erik Thun AB and KG Jebsen Cement from Norway. Prior to its delivery, the vessel underwent a program of trials and tests in which the
As the shipping industry continues sailing in a sluggish market, the shipowners are weighing the decision whether to buy ships while the prices are still low, it was said during the shipping exhibition Posidonia, taking place from June 6 to 10 at the Athens Metropolitan Expo. Seven shipowners, which
After the Danish shipping giant Maersk Group said it would scrap more vessels in the coming years, the company’s plan to avoid European environmental law on ship recycling by flagging ships to non-EU flags was described as “undermining its credibility as a responsible ship operator” by the environme
The steel cutting ceremony of Seabourn Ovation, the second of two ultra-luxury vessels which Fincantieri is currently building for the shipowner Seabourn, a brand of Carnival Corporation, took place today at the shipyard in Sestri Ponente, Genoa. The sister ship, Seabourn Encore, is currently under
Classification society ABS has joined forces with Arista Shipping, Deltamarin, Technigaz (GTT) and Wärtsila in the ‘Project Forward’ joint development program (JDP) to develop a dry bulk carrier concept that employs LNG as fuel. Project Forward is led by Athens-based Arista Shipping. It began in May
Norwegian shipowner Ocean Yield ASA has taken delivery of the Pure Car Truck Carrier (PCTC) Höegh Trapper of 8,500 car capacity from Chinese shipbuilder Xiamen Shipbuilding Industry. After being delivered from the shipyard on Monday, the vessel commenced a 12-year “hell and high water” bareboat char
Prompted by difficulties in accessing new finance, shipyards are likely to reduce further the newbuilding prices in the tanker sector in the face of stiff competition between yards for new orders. The move is seen as the probable course of action aimed at inciting new investments especially on the b
In light of the overcapacity issue currently causing the majority of woes in the shipping industry, this year could be the busiest year on record in ship recycling, as the total amount of scrapped tonnage in 2016 is likely to increase to some 40 million dwt, compared to 30 million dwt which were dem
Despite a 20 percent capacity reduction and closure of over 500 shipyards, ordering levels for new ships are well below world capacity, Martin Stopford, Non-Executive President of Clarksons Research Services said while speaking ahead of the SMM maritime trade fair in Hamburg. As a result, shipyards
Harmony of the Seas in Disharmony? A number of media reports hit the headlines this week claiming that Harmony of the Seas, the biggest cruise ship in the world, was not ready to set sail yet… Read More Interview: Who Will Gain the Most from Expanded Panama Canal? The container shipping sector is br
