Shipbuilding
CONTI Orders LR1 Trio at Jiangsu New Hantong
Germany’s CONTI-Group has placed an order with Chinese shipbuilder Jiangsu New Hantong Ship Heavy Industry (NHT) for three LR1 74,000 DWT tankers, the shipbuilder said. As informed, the tankers, designed by Shanghai Merchant Ship Design & Research Institute (SDARI) are slated for delivery in the fou
Viking Ocean Cruises Orders Two More at Fincantieri
Viking Ocean Cruises and Italian shipbuilder Fincantieri have signed an agreement for the construction of two additional cruise ships. The new units, like the four sister ships which the ship owner has already ordered, will become part of Viking’s fleet respectively in mid-2018 and at the end of 202
Lower Margins and Oil Price Decline Push Fincantieri into Red
Italian shipbuilding conglomerate Fincantieri posted a loss of EUR 96 million (USD 103 million) for the nine months ending September 30, 2015, against a profit of 42 million recorded in the corresponding period last year. Fincantieri said in its results that the result would have been a loss of EUR
Seatrade Invests in Four Reefer Newbuilds
Reefer vessel owner and operator Seatrade has agreed to acquire four handy-size reefer new-buildings of 300,000 cubic feet, to be delivered by China’s Guangxin Shipbuilding & Heavy Industry in summer 2017. The vessels are of an eco design and are equipped with an environmentally friendly refrigerati
Spotted: Nordana Sea Ready for Launching
Dutch shipbuilder Ferus Smit is preparing to launch the third vessel in a series of six to be delivered to Dutch shipping company Symphony Shipping BV. The vessel, to bear the name Nordana Sea, will be launched on Friday, December 11, 2015, in Leer, Germany. As her name already reveals, the ship wil
Wartsila to Power Skangas’ New LNG Bunker Vessel
The new LNG bunker and feeder vessel, owned by Sirius Veder Gas AB and chartered out to Skangas, will feature Wärtsilä’s propulsion solution. Under a contract signed in September, Wärtsilä will deliver a propulsion package which will comprise a 6-cylinder Wärtsilä 34DF dual-fuel main engine capable
Readers’ Picks of the Week (Nov 2nd-6th, 2015)
CEO of Fredriksen Group Arrested in Norway Chief Executive Officer of the Fredriksen Group Jo Lunder was arrested by Norwegian police in Oslo on Wednesday Reuters reports… Read More Royal Caribbean Orders 5th Quantum-Class Ship Royal Caribbean Cruises Ltd has ordered a fifth Quantumclass ship from M
Spotted: Harmony of the Seas Nears Debut
Scheduled to debut in April 2016, Royal Caribbean’s third Oasis-class vessel Harmony of the Seas is coming together at STX France shipyard in Saint-Nazaire. The ship will be the first in a new generation of ships where architectural innovations of the Oasis class are combined with technologies of th
Lomar Orders Two Boxships at Guangzhou Wenchong
British ship owner Lomar Shipping has inked an order with China’s Guangzhou Wenchong Shipyard for construction of two 2,700 TEU containerships. The contract includes options for two more units. The ships feature 186 meters in lenght, 34.8 meters in width and 17.9 m depth. The value of the contract a
Spotted: Multraship, Damen Put Pens to Paper at Europort
Dutch towage and salvage specialist Multraship, through its wholly-owned subsidiary Novatug BV, has commissioned the construction of two evolutionary Carrousel Rave Tugs (CRTs) from Damen Shipyards Group. The official signing ceremony was held at Europort exhibition in Rotterdam, the Netherlands. Th
Maersk Line Shelves Optional Newbuilds
Danish container shipping giant Maersk Line does not plan to exercise the previously announced options for six 19,630 TEU vessels and two 3,600 TEU feeders and will postpone decision on the optional eight 14,000 TEU vessels, the company said in an announcement. The decision comes following the compa
Nordic Hamburg Books Four Boxships at Huatai Heavy Industry
Germany’s Nordic Hamburg has ordered four 1,400 TEU dual-fuel container ships from the recently restructured Huatai Heavy Industry (Nantong) Co in China. The shipbuilding contract was signed in Shanghai on November 3. The value of the contract was not disclosed. The first 170 meter boxship is schedu
Maersk Line CEO: Doesn’t Make Sense to Make New Investments
The decision of Danish container shipping company Maersk Line not to invest in further fleet expansion and cut its network capacity is merely a reaction to current market demand weakness, Maersk Line CEO, Søren Skou, said in a conference call today. However, according to Skou, the decision does not
Spotted: LNG-Powered Greenland Makes a Splash at Ferus
The LNG-powered cement tanker ‘Greenland’ was christened and launched on Saturday 31 October, at a ceremony hosted by Dutch shipbuilder Ferus Smit. The christening ceremony was performed by Ase Espeland, partner of Petter Tronstad, CEO of KGJ cement, the company that partly owns the vessel. Followin