Norwegian tanker owner Stolt Tankers, a tanker shipping arm of Stolt-Nielsen Limited, has sold two handy chemical parcel tankers for demolition in India. The two ships are 38,800 DWT Stolt Topaz and 38,700 DWT Stolt Aquamarine, built in 1986 by South Korean Daewoo Shipbuilding and Marine Engineering
Oslo-listed LPG tanker owner Aurora LPG Holding ASA has signed the term sheet for the financing of its sixth and final newbuild vessel under construction at South Korean shipbuilder Hyundai Heavy Industries, the company said in its financial report. Furthermore, Aurora LPG secured the refinancing of
Italian shipbuilding major Fincantieri informed yesterday that its new Board of Directors confirmed Giuseppe Bono as the company’s CEO, a position he has held since 2002. The new BoD of Fincantieri, appointed by the shareholders’ meeting held on 19 May 2016, will remain in office until the the appro
Miami-based Royal Caribbean Cruises Ltd. has signed a memorandum of understanding with French shipbuilder STX France to build a fifth Oasis-class ship and two additional Edge-class ships. The vessels are scheduled to join their owner in the spring of 2021 and the fall of 2021 and 2022, respectively.
Shipping company d’Amico International Shipping S.A. launched two new 39,000 dwt Handysize eco product tankers today at the Vietnamese Hyundai Vinashin Shipyard Co. Ltd. The tankers, named Cielo di Capri and Cielo di Hanoi, feature a length of 184 metres and a width of 27.4 metres. These two eco-shi
Dutch shipbuilder Damen has unveiled the design of the first of a new class of Damen utility vessel UV2410, which is expected to start construction shortly. The main requirements for the new Utility Vessel 2410 were that its length does not exceed 24 meters and that it fits within the 200 gross tonn
French shipbuilder STX France has decided to sell its Lorient shipyard located in Lanester to Kership, a joint venture between French industrial shipbuilder Piriou and naval manufacturer DCNS established in 2013. The sale is to be completed in fall this year, according to STX France. The company sai
Genoa-based classification society RINA has signed an agreement for the acquisition of the Edif Group, the UK provider of technical inspection and engineering consultancy services, for £118.5 million (around USD 173.24 million). The acquisition results in an expanded international geographic footpri
Oslo-listed shipowner and dry bulk transporter Pioneer Marine has decided to terminate the last two of its newbuilding contracts for Green Dolphin 38,400 dwt Handysize bulkers following a mutual agreement with Chinese Yangzhou Guoyu Shipyard. According to the company, the instalments paid in relatio
Shipyards in Europe received in the first quarter of 2016 more orders than their competitors in Asia, German Shipbuilders and Ocean Industries Association Verband für Schiffbau und Meerestechnik (VSM) reports. Namely, out of USD 6.5 billion worth orders on a global scale placed in the first quarter
Asia/Pacific based owners could get back at the lead as largest market holders of the world fleet, thus reversing the recent trend that saw European owners at the forefront. Namely, Asia/Pacific based owners hold the largest proportion of the orderbook, 45.7%, with 23.2m GT more on order than their
Iceland’s Eimskip and Greenland-based Royal Arctic Line signed a letter of intent to connect Greenland into Eimskip’s international sailing system through a capacity sharing agreement involving larger vessels. Under the agreement, the companies plan to invest in and operate three approximately 2,000
Navig8 Product Tankers Inc has taken delivery of the Navig8 Grace, a 113,000 DWT LR2 tanker from China-based CSSC Offshore & Marine Engineering Company Limited, formerly known as Guangzhou Shipyard International Company. The Navig8 Grace is the first of eight vessels contracted at CSSC Offshore to b
Danish Ship Finance: Shipyards Could Be Left without Orders by 2017 It is essential that new orders are placed within the next three to six months for the yard industry to fill up its orderbooks for 2017, according to Danish Ship Finance… Read More UASC to Vote on Hapag-Lloyd Tie-Up in June Dubai-ba
