Six new Very Large Crude Carriers indicate that 2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, according to BIMCO. The six new VLCCs were delivered in a strong winter market. Having reduced sl
Today we look at an infographic showing Top 10 Shipowning Nations by Value (USD Millions), including the percentage change difference against 2015, provided by VesselsValue. This year the order may not have changed but the stand out winner appears to be Denmark, being the only country to increase in
Navig8 Chemical Tankers Inc. has returned to profit reporting a net income of USD 9.1 million for the three months ended December 31, 2015, an increase of USD 11.1 million from a net loss of USD 2 million in the corresponding period last year. For the twelve months ended December 31, 2015, the compa
The hull assembly of Tallink’s new fast ferry Megastar started today at the Meyer Turku shipyard. The ferry will feature environmentally friendly LNG propulsion and a new hull designed by Meyer Turku, resulting in much less water resistance and easy sailing in icy conditions, the ship owner said. “O
The Majestic Princess, owned by Princess Cruises, the first cruise ship built and designed specifically for the China market, is debuting an elegant new livery design featuring the company’s iconic logo. The new livery design will roll out fleetwide over the next few years. The design symbolizes the
Finland-based Meyer Turku Yard has confirmed a contract with TTS Marine AB for delivery of access equipment to their fifth and sixth newbuildings for TUI Cruises, to be named Mein Schiff 7 and Mein Schiff 8. TTS Marine AB has delivered similar equipment to the yard’s and TUI’s recent four newbuildin
The third Royal Princess class vessel built for the California-based cruise operator Princess Cruises, a brand of the Carnival Group, was launched today at Fincantieri’s shipyard in Monfalcone. Scheduled to be delivered in April of 2017, the vessel, named Majestic Princess, will now undergo interior
Gallery: SMIT Salvage Team Boards Modern Express, Attaches Tow Line The four-member salvage team of SMIT Salvage has managed to board the drifting car carrier Modern Express earlier this morning and set up a tow line, French Maritime Author… Read More Bahrain, Saudi Arabia Ban Iranian Ships from The
The DP2 cable installation vessel Maersk Connector, built at Damen Shipyards Galati in Romania, was handed over to its owner Maersk Supply Service on February 4, 2016. The latest addition to the 50-plus strong Maersk offshore support vessel fleet, Maersk Connector is going directly on a long-term ch
International certification body and classification society DNV GL has entered into a bilateral framework agreement for cooperation with the Russian Maritime Register of Shipping (RS). DNV GL’s Maritime CEO Knut Ørbeck-Nilssen and Konstantin Palnikov, Director General of RS, signed the cooperation a
Sweden’s tanker shipping company Stena Bulk has decided not to exercise an option to order two MR tankers at CSSC Offshore & Marine Engineering (CSSC OME) in Guangzhou. The company spokesperson told World Maritime News that the decision was made following a conclusion that the current number of ship
Spanish shipping company Baleària has signed a contract with LaNaval Shipyard to build a liquefied natural gas and solar-powered ferry. Scheduled to start operations in 2019, the ferry will be the largest operating in the Mediterranean and among the largest in the world, the company said. The announ
Turkish shipping company Atlantis Tankers Group and its management company Armona Denizcilik AS have ordered EX-approved ballast water treatment system (BWTS) for ten vessels from Norway-based BWTS firm Optimarin. The vessels include two newbuilding and eight existing vessels in the Turkish managed
Japanese shipbuilder Mitsui Engineering and Shipbuilding is setting up a business section within its Ocean Business Promotion Department that will be engaged in Floating Production, Storage & Offloading vessels (FPSO) chartering businesses. The new business arm is becoming effective February 1 and w
