Despite a marginal deterioration in the growth outlook for the global shipbuilding industry, annualized five-year growth rates for the sector are still forecast to reach a healthy 3 to 5%, before picking up substantially after 2017, according to Castrol Marine Trade Barometer. The barometer predicts
Liberian-flagged Elbtank Italy chemical tanker, owned by German TB Marine Shipmanagement has been reincarnated as Maersk Arctic at Polish ship repair company Remontowa S.A. The ship entered the yard early November for an overhaul only to depart the yard featuring a new livery-the Maersk blue, a new
Three new 21,800 dwt chemical tankers, being built for Swiss-Canadian Maritime Ltd, will feature integrated propulsion and power generation systems from Finnish engineering company Wärtsilä. The 153 metre long tankers, under construction at two different shipyards in Vietnam, will be managed by Swit
Norwegian shipping company Torvald Klaveness has ordered three 83,500 dwt combination carriers from Chinese shipbuilder Jiangsu New Yangzi Shipbuilding. According to the company, the carriers are expected to join Klaveness’ fleet during the second half of 2018. The contract includes options for furt
Russian shipbuilder Vyborg Shipyard, part of United Shipbuilding Corporation, laid the keel for the first of two icebreakers for Gazprom Neft on December 14, 2015. The icebreaking support vessel will boast maximum icebreaking capability and considerable manoeuvrability with comparatively shallow dra
Dutch shipbuilder Ferus Smit launched Nordana Sea, the third vessel in a series of six being built for its compatriot shipping company Symphony Shipping BV, on December 11, in Leer, Germany. The 10,500 dwt cargo vessel will be chartered out to the Danish shipping company Nordana, and sail in its fle
Finnish shipbuilder Arctech Helsinki Shipyard held a naming ceremony today for the new-generation icebreaker named Polaris. The nearly 110 metres long icebreaker will be powered by both diesel and liquefied natural gas (LNG), which will significantly reduce both carbon emissions and fuel costs. Upon
Italian shipbuilder Finactieri has held a keel laying ceremony today at its Sestri Ponente yard in Genoa, for the Silver Muse, an ultra-luxury cruise ship which Fincantieri is building for Monaco-based cruise company Silversea Cruises. Finacantieri cut the first steel of the ship in July. Silver Mus
Bergen-based supplier of equipment for marine and oil and gas industries TTS Group ASA has signed two supply contracts to equip four car/truck carriers and three cruise vessels with cargo and passenger access equipment. The contracts have a total order value of about USD 41,5 million (NOK 360 millio
Greek dry bulk ship owner Diana Shipping has signed time charter contracts for two of its vessels, namely its Newcastlemax dry bulk vessel M/V Los Angeles and its Panamax dry bulk vessel M/V Danae. The 206,104 dwt Newcastlemax bulker will work for SwissMarine Services S.A., Geneva, at a gross charte
P&O Repasa, a new company formed by the acquisition of the majority of the shares in Spanish towage firm Repasa by P&O Maritime, has taken delivery of Damen’s Fast Crew Supplier 5009 Red Eagle which will be operated from Malabo on Bioko Island, Equatorial Guinea. According to Damen, the Red Eagle wi
Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry Co has received an order from an unnamed German owner for up to eight 74,000 DWT LR1 oil tankers. As disclosed by the shipyard, the contract has been signed for two firm newbuildings and up to 6 additional units. The vessels will be built in Ha
Greek dry bulk shipping company Diana Shipping Inc. has entered into two addenda with China Shipbuilding Trading Company and Jiangnan Shipyard (Group) Co., Ltd. to extend the delivery dates of the two Newcastlemax dry bulk carriers by approximately five months. The expected delivery dates are now in
Danish owner and operator of gas carriers Evergas has signed a contract for construction of four INEOS MAX 32,000 cbm liquefied ethane/ethylene carriers with Chinese JHW Engineering & Contracting, a subsidiary of Jaccar Holdings. The contract also provides for construction of two optional vessels, E
