Oslo-listed Ocean Yield ASA has taken delivery of the Pure Car Truck Carrier (PCTC) Höegh Tracer of 8,500 car capacity from Chinese shipbuilder Xiamen Shipbuilding Industry Co. Ltd. After being delivered from the shipyard today, the vessel commenced a 12 years “hell and high water” bareboat charter
Genting Hong Kong, a global leisure, entertainment and hospitality company, has acquired Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of EUR 230.6 million (USD 250 million). The company said that the purchase of the three shipyards, along with Lloy
The industry’s first luxury passenger vessels that are purpose-built for waters previously served by robust but ageing expedition ships are coming to market anent entrance into force of the new Polar Code. The new ice-strenghtened ships will be designed and built so as to comply with the Internation
Euroseas Ltd, a Greece-based shipping company, took delivery of its newbuilding Kamsarmax dry bulk carrier Xenia and entered into a two-year time charter for its container carrier Evridiki G. The M/V Xenia was delivered from the China-based Jiangsu Yangzijiang Shipbuilding Co. on February 26. Xenia
Women are gaining more attention in shipping, shipbuilding and related areas, as the current shortage of skilled people has opened an opportunity for them. Given that a study by the Peterson Institute in Washington, published in February 2016, found that “more women means more profit,” women will ta
Japanese shipping company NYK Line has taken delivery of a new 14,000 TEU containership, NYK Blue Jay, from the Kure shipyard of Japan Marine United Corporation. The vessel employs a hull form that allows for improved cargo-loading efficiency, which is achieved by minimizing engine-room space. The v
Monaco-based bulker owner Scorpio Bulkers has struck a deal in principle with its lenders to amend the minimum liquidity covenant and reduce future principal repayments under its credit facilities. The reduction relates to all its loans greater of USD 50 million and USD 850,000 per vessel, to a new
Danish shipping company Hafnia Tankers signed a USD 360 million loan on February 23 to refinance twelve medium range (MR) product tankers and provide post-delivery financing for the company’s six MR newbuilds. The credit, set to mature in March 2023, is comprised of a USD 124 million term loan, a US
Nasdaq-listed owner and operator of Very Large Gas Carriers (VLCC) Dorian LPG Ltd. took delivery of its 19th and final scheduled newbuilding. The ECO VLGC Caravelle was delivered from Hyundai Samho Heavy Industries and will trade in the Helios LPG Pool, the company said. In addition, Dorian LPG anno
The influx of tonnage is expected to drive down tanker shipping rates towards the end of the year, according to the latest edition of Drewry’s Tanker Forecaster. The projection comes as tonnage supply, which has increased at a slow pace in recent years, is expected to accelerate in the next two year
French container shipping giant CMA CGM denied media reports on being in preliminary discussions with Korean shipbuilders on a potential order for new ultra-large containerships. Namely, CMA CGM was reported to be in talks with Korean big three Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and
Fincantieri shipyard in Marghera, Italy, held a coin ceremony on Monday for Seabourn Encore cruise ship, being built for small ship cruise line Seabourn. During a coin ceremony two commemorative gold coins are welded to the ship’s mast. “The coin ceremony represents not only another momentous milest
Croatia-based shipbuilder Uljanik confirmed that it signed a contract for the construction of a luxury cruise ship in Pula’s shipyard with the Australian company Scenic in November of 2015. The cruise ship will be able to accommodate up to 240 passengers and 172 crew members. The vessel, scheduled t
Norway-based ballast water treatment (BWT) firm Optimarin has received a contract to provide its ballast systems for nine anchor handling tug supply (AHTS) vessels being built at China’s Sinopacific Shipbuilding Group. The vessels, designed by Sinopacific’s Shanghai Design Associates specialist OSV
