South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has reached an agreement with the Russian state-owned shipping company Sovcomflot to postpone the delivery of an ice-breaking liquefied natural gas (LNG) vessel which was scheduled to join its owner in June 2016. The shipbuil
Finland’s container shipping firm Containerships has pushed the delivery of its first of four short sea LNG-powered vessels until early 2018 due to a change in the shipyard, the company said. The Chinese Yangzhou Guoyu Shipyard was initially entrusted with the construction, however the company did n
Danish shipping and logistics company DFDS has entered into an agreement with the Siem Group to bareboat-charter two RoRo freight newbuilds for a five-year period, with an option to buy the vessels. The two ships will be built by German shipyard Flensburger Schiffbau-Gesellschaft that previously del
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. The orderbook is rapidly approaching the low levels seen at the start of 2013, but 2016 looks to be a reasonable year for shipbui
As we like to put a spotlight on the newbuilds in our spotted articles, in today’s feature we bring you the freshly delivered tanker to Latvian Shipping Company’s subsidiary LSC Shipmanagement, the Elandra Oak. The 49,999 dwt vessel, boasting a length of 183 meters and a width of 32 meters, forms pa
Russia’s shipbuilding industry is planning on returning to the cruise ship market as the country’s shipbuilder JSC United Shipbuilding Corporation (USC) revealed its intentions to build the first cruise vessel in 60 years. The company announced the plans during the 6th International Forum “Marine In
Ship construction rules for oil tankers and bulk carriers submitted by 12 classification societies comply with the goals and functional requirements set by the International Maritime Organization for new vessels, according to IMO’s Maritime Safety Committee (MSC). The MSC reviewed goal-based standar
The container shipping fleet could break through the 20 million TEU barrier shortly and, with an estimated net addition of 0.68 million TEU of capacity for the full year, the milestone could be reached in June, according to BIMCO. Over the last decade, the fleet size in TEU increased by 240% and rea
Interview: Kidnappings for Ransom Easy and Less Risky In 2016, piracy has yet again emerged as one of the key problems seafarers face during their voyages at sea. A particular concern is the ever growing number of kidnappings … Read More Third Alliance Members Revealed Global carriers Hanjin, Hapag-
Fincantieri’s subsidiary Vard Holdings Limited (Vard) has signed a letter of intent with an undisclosed international cruise company for the design and construction of two small-sized cruise vessels. The hulls will be built by Vard’s shipyard in Tulcea, Romania, while the delivery of the units is sc
Two container vessels, the Maersk Wyoming and the Maersk Georgia, are expected to arrive in India’s Shree Ram yard in Alang for recycling in late May 2016, the Danish giant Maersk Line said. The company added that it reached a deal for the landing of the first two vessels at the yard, which is certi
Italian shipbuilding major Fincantieri has marked a turning point in the first quarter of 2016, returning to the black from losses that were pressuring the shipbuilder’s results from the second half of 2015. Profit before extraordinary and non-recurring income and expenses was EUR 5 million (USD 5.7
Norwegian shipbuilder and ship designer Vard Holdings Limited (VARD) has secured a USD 300 million contract for the design and construction of 15 Module Carrier Vessels for Dubai-based offshore support vessel company Topaz Energy and Marine (Topaz). Designed to carry high deck loads of up to 1800 to
Malaysian holding company Genting Hong Kong Ltd has signed a deal for two mega cruise ships with the Lloyd Werft Group for its Star Cruises brand. The deal signed on Tuesday in Wismar, Germany also includes an order for eight river cruise vessels for Crystal Cruises. Star Cruises has designed the “G
