In today’s spotted we present you with a new 28K dual-fuelled multi-purpose vessel (MPV) design developed by China’s Nantong COSCO KHI Ship Engineering Co. (NACKS) and Lloyd’s Register. The design is an evolution of NACK’s 28K MPV design, fitted with a 500m3 Type ‘C’ LNG fuel containment system loca
LPG shipping rates are expected to decline from the second half of 2016 as a bloated orderbook for very large gas carriers (VLGCs) fuels fleet growth that will far exceed shipping demand, according to the latest edition of Drewry’s LPG Forecaster. VLGC earnings have had another stellar year, averagi
German lender KfW IPEX-Bank is financing the fourth and fifth Quantum-class cruise ships ordered by Royal Caribbean Cruises Ltd. from the Meyer Werft shipyard in Papenburg. KfW IPEX-Bank has taken on the structuring of the overall financing for Royal Caribbean and secured the order for the Meyer Wer
Grand Princess’ Engine Room Catches Fire Due to a fire which broke out in the engine room aboard the cruise ship Grand Princess the vessel lost power for a short period of time in the early hours on Monday a… Read More The World’s First Smart Ship About to Be Born The world’s first smart […]
Greece-based vessel operator TMS Cardiff Gas Ltd. has decided to exercise two options held with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of an additional two 78,700 cbm LPG carriers. Both vessels are scheduled for delivery in the fourth quarter of 2017, when they
Tanker shipping rates are set to decline from current highs in 2016 with the forecast decline in crude oil trade due to ample stocking, and expected fleet expansion, according to the latest edition of Drewry’s Tanker Forecaster. Tanker market enjoyed high freight rates due to the buoyant crude oil t
UK-based developer and producer of marine engines Rolls-Royce has received orders from two major shipbuilding companies, namely the Turkish shipbuilder Sanmar Shipyards and Shanghai’s Sinopacific Shipbuilding Group. As part of the contract with Sanmar, the company said it has signed a letter of inte
Dry bulk owners seem to be resisting the temptation of ordering new ships despite currently low newbuilding prices for dry bulk ships that have just passed the lows of 2012 and are now at the lowest level since 2003, according to BIMCO. “The fact that ship owners have refrained from ordering new dry
In today’s spotted we bring you the recently delivered self-propelled jack-up vessel, the Seajacks Scylla, which has been characterized as the world’s largest and most advanced wind farm installation and offshore construction vessel. The ABS-classed vessel was delivered to Seajacks International, of
International classification society DNV GL has signed a newbuilding classification agreement with Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS) for the classification of three 20,000 TEU ultra large container ships (ULCS) for COSCO Container Lines Co., Ltd. (COSCON). Scheduled for delivery in th
As the public pressure mounts on reducing CO2 footprint across the board, the ship owners are investing heavily in greening up the global fleet. This is evident when taking a look at the fleet of ships being delivered next year, as over half of newbuilds, excluding small dry ships, feature eco engin
Six new type very large gas carriers (VLGCs), as well as two conventional VLGCs, and three medium gas carriers (MGCs), will be equipped with complete Wärtsilä gas cargo handling systems. Wärtsilä said that the systems minimise the time the carriers need to be docked at the gas terminals, thereby red
Liquefied natural gas (LNG) shipping company Golar LNG Limited reported today a 3Q operating loss of USD 24.2 million as compared to USD 43.4 million in 2Q. In line with the company’s expectations, 3Q reported an improvement in vessel utilisation, albeit from a very low level in 2Q. Although headlin
Scorpio Tankers Inc. has decided not to exercise its options to construct an additional four MR product tankers, expiring in December. The company has currently contracted for 12 newbuilding product tankers, eight MR and four LR2 tankers. The four LR2s are expected to be delivered in 2016, and the e
