Norwegian shipbuilder and ship designer Vard Holdings Limited delivered the first vessel built by the company’s newest shipyard, Vard Promar in Brazil, on January 8, 2016. Featuring a capacity of 7,000 m3, the fully pressurized liquefied petroleum gas (LPG) carrier, named Barbosa Lima Sobrinho, is t
COSCO (Zhoushan) Shipyard Co., Ltd, a subsidiary of COSCO Shipyard Group Co., has delivered a 111,000 DWT tanker Front Ocelot, to an undisclosed European buyer. However, registry data indicate that the Marshal Islands-flagged vessel is owned by Front Aphhrodite Inc, a shipowning arm of Frontline, an
Dry bulk shipping company Diana Shipping Inc. has signed a term loan facility for up to USD 75.7 million with the Export-Import Bank of China. The purpose of this facility is to partially finance, after delivery, the acquisition cost of two new-building Newcastlemaxes of approximately 208,500 dwt ea
Oslo-listed chemical tanker owner and operator Navig8 Chemical Tankers has taken delivery of the eighteenth IMO2 Interline-coated 37,000 dwt chemical tanker from Hyundai Mipo Dockyard. The company said that the vessel will enter and start operations as part of the Navig8’s Delta8 Pool. The announcem
Newly-established product tanker company Navig8 Product Tankers Inc said that it has taken delivery of two newly constructed product tankers. One LR2 115,000dwt product tanker, named Navig8 Stability was delivered by Korean builder Sungdong Shipbuilding & Marine Engineering Co, Ltd. The second vesse
Euroseas Ltd., Greek owner and operator of drybulk and container carrier vessels, has pushed delivery schedules for its remaining three newbuildings. Delivery of its two Ultramax vessels is now expected to be in April and July 2016, respectively, a delay of five month each from the original schedule
The hull of the first of two service operation vessels being built for the offshore wind industry arrived at Ulstein Verft shipyard, Ulsteinvik, in the morning hours of January 3. Under construction for German-based ship manager Bernhard Schulte Offshore, the first X-STERN hull made its journey from
Dry bulk shipping company Star Bulk Carriers Corp. has entered into agreements to sell four newbuilding Capesize vessels under construction in China to unaffiliated third parties, for an aggregate gross price of USD 148 million. The vessels are expected to be delivered to the buyers during the first
New York-listed tanker owner DHT Holdings, Inc. has taken delivery today of a VLCC newbuilding from South Korean shipbuilder Hyundai Heavy Industries. The vessel is named DHT Leopard and is entering the spot market. It is the second of a series of six VLCC newbuildings to be delivered to the company
Genting Hong Kong Limited said in a stock exchange filing that it has exercised the call option to buy the remaining 30% in German shipbuilder Lloyd Werft. The deal has been carried out for a total consideration of EUR 16.4 million and includes approximately 50% stake in Lloyd Investitions und Verwa
As we enter the new year, let’s take a moment to take a look at the most interesting articles selected by our readers. The following are the most read news in 2015, enjoy! VIDEO: Pieter Schelte Reaches Rotterdam The world’s largest vessel Pieter Schelte owned by Allseas has arrived in Rotterdam the
Cruise shipping giant Carnival Corporation & plc has signed a memo of agreement with Italian shipbuilder Fincantieri S.p.A. to build four new cruise ships with final contracts expected to be executed in 2016. Two of the four new ships will be built for Costa Asia for deployment in China, and one wil
Monaco-registered bulker owner Scorpio Bulkers Inc. has entered into agreements with unaffiliated third parties to sell three Capesize dry bulk vessels and two newbuilding Capesize dry bulk vessels under construction. The total proceeds from the sale amount to approximately USD 167 million, Scorpio
Russian shipbuilder Vyborg Shipyard PJSC, a corporate member of the United Shipbuilding Corporation, has delivered the newly-built icebreaker Murmansk, project 21900 М. The icebreaker was built by Vyborg Shipyard PJSC in collaboration with Arctech Helsinki Shipyard, by order of Federal Agency of Mar
