The Finnish technology group Wärtsilä was contracted to deliver a complete bridge systems installation for five icebreaking LNG-fueled tankers to be constructed for the Arctic LNG-2 project.
China’s Chengxi Shipyard has secured an order to build two LNG-powered 50,000-dwt product tankers. CSSC Shipping, the leasing arm of China State Shipbuilding Corporation, is behind the order. Chengxi is also a unit of CSSC. The dual-fuel vessels have a price tag of $43 million, each. Several shipbro
The largest commercial shipbuilder in India Cochin Shipyard Limited (CSL) Kochi has signed contracts for construction and supply of two autonomous electric ferries for ASKO Maritime AS, Norway with an option to build two more identical vessels. ASKO Maritime AS is the subsidiary of Norges Gruppen AS
MISC Berhad inks MOA with six subsidiaries of China-based Zhejiang Satellite Petrochemical for the purchase of six 98,000 cbm VLECs.
The Flensburg District Court will open insolvency proceedings concerning Flensburger Schiffbau-Gesellschaft mbH (FSG) on August 1st, the company said in an update. To remind, the German cash strapped shipbuilder filed for the opening of insolvency proceedings at the local court in Flensburg in April
Ship recycling yards in Turkey that are compliant with safety and environmental requirements of the European Union are full until the end of the year, Clarksons Platou Shipbroking said in a report. The report indicated that there is limited space available at the other EU facilities on the Continent
Norway’s ship recycling firm Green Yard has taken over compatriot Kleven Verft, which filed for bankruptcy early this month after losing a loan deal. A Kleven spokesperson confirmed to Offshore Energy-Green Marine that the takeover agreement has been reached with the bankruptcy estate and the banks
China’s Cosco Shipping Heavy Industry has completed repair works on a 30,000-cbm carrier, marking the second-ever LNG repair job for the yard. The vessel in question is the Cnooc-owned small-scale LNG carrier Hai Yang Shi You 301. Cosco’s Guandong shipyard welcomed the 184.7 meters long vessel last
Thailand-listed dry cargo ship owner Precious Shipping has reached a settlement with Chinese Jiangsu Guoxin Corporation, formerly known as shipbuilder Sainty Marine Corporation, in relation to the shipbuilding contracts for eleven 64,000 dwt bulkers. The duo launched arbitration proceedings back in
South Korean shipbuilder Dae Sun Shipbuilding & Engineering has secured an order for two gearless 1,000 TEU feeder containerships from Namsung Shipping. The two newbuildings, estimated to be worth $36 million, are scheduled for delivery at the end of 2021 and early 2022, data from Clarksons Platou S
There has been a dramatic fall in the shipbuilding activity during the first half of 2020 as the COVID-19 pandemic curbed owners’ willingness to order new ships amid market uncertainties and restricted access to capital. Based on the data from VesselsValue, the number of ordered ships in the first h
Norwegian transportation company The Fjords has taken delivery of its second all-electric passenger ship, Legacy of The Fjords.
Many shipowners are facing challenges in finalizing the Inventory of hazardous materials (IHM) required under the upcoming European Union’s Ship Recycling Regulations (EUSRR) due to the impact of the COVID-19 pandemic, BIMCO, the world’s largest shipowner association, said. Namely, as of December 31
The video shows a first-of-its kind project between the Aberdeen headquartered metal waste recycling and processing firm John Lawrie Metals and Kishorn Port Limited (KPL), which resulted in the downsizing and recycling of the MV Kaami. The general cargo vessel ran aground in the Minch between Skye a
