Shipbuilding
Hapag-Lloyd Nets Funding for 10500 TEU Newbuilding Quintet
German container line Hapag-Lloyd has secured a 12-year, USD 372 million loan facility from a banking syndicate to fund the construction of the five 10,500 TEU newbuilding container ships ordered back in April at South Korea’s Hyundai Samho Heavy Industries. The five boxships are expected to be deli
Hapag-Lloyd Nets Funding for 10500 TEU Newbuilding Quintet
German container line Hapag-Lloyd has secured a 12-year, USD 372 million loan facility from a banking syndicate to fund the construction of the five 10,500 TEU newbuilding container ships ordered back in April at South Korea’s Hyundai Samho Heavy Industries. The five boxships are expected to be deli
Teekay Looks to CEXIM to Finance Vessels
New York-listed Teekay Corporation has entered into a Framework Cooperation Agreement with The Export-Import Bank of China (CEXIM) for up to USD 1 billion in new loan facilities. Such loan facilities would be made available to Teekay and its subsidiaries, including Teekay LNG Partners L.P., Teekay O
Teekay Looks to CEXIM to Finance Vessels
New York-listed Teekay Corporation has entered into a Framework Cooperation Agreement with The Export-Import Bank of China (CEXIM) for up to USD 1 billion in new loan facilities. Such loan facilities would be made available to Teekay and its subsidiaries, including Teekay LNG Partners L.P., Teekay O
DNV GL Launches New Ship Classification Rules
The new DNV GL rules for classification of ships have been made available online for the first time today, following a major development and review process, involving 250 internal experts and more than 800 customers and maritime stakeholders. “This is a historic moment,” says Remi Eriksen, DNV GL Gr
DNV GL Launches New Ship Classification Rules
The new DNV GL rules for classification of ships have been made available online for the first time today, following a major development and review process, involving 250 internal experts and more than 800 customers and maritime stakeholders. “This is a historic moment,” says Remi Eriksen, DNV GL Gr
One More VLGC for Dorian
NYSE-listed liquefied petroleum gas (LPG) shipping company Dorian LPG has taken delivery of the 84,000 cbm ECO very large gas carrier (VLGC) Constellation from South Korean shipbuilder Hyundai Heavy Industries (HHI). This is Dorian LPG’s eleventh newbuilding delivery, and the Constellation will trad
One More VLGC for Dorian
NYSE-listed liquefied petroleum gas (LPG) shipping company Dorian LPG has taken delivery of the 84,000 cbm ECO very large gas carrier (VLGC) Constellation from South Korean shipbuilder Hyundai Heavy Industries (HHI). This is Dorian LPG’s eleventh newbuilding delivery, and the Constellation will trad
Meyer Werft Bags First Newbuild Order from Saga Cruises
British based cruise line Saga Cruises and German shipbuilder Meyer Werft have signed a memorandum of agreement for the delivery of a new cruise vessel in summer 2019 and the option to order a second for delivery in 2021. The 55,900 GT vessel will be approx. 234 metres long, 30.8 metres wide and wit
Meyer Werft Bags First Newbuild Order from Saga Cruises
British based cruise line Saga Cruises and German shipbuilder Meyer Werft have signed a memorandum of agreement for the delivery of a new cruise vessel in summer 2019 and the option to order a second for delivery in 2021. The 55,900 GT vessel will be approx. 234 metres long, 30.8 metres wide and wit
Fitch Ratings: Stormy Seas ahead for Shipping amid China’s Slowdown
China’s slower growth and economic transition will pose significant risks for the shipping sector, which already faces overcapacity, weak freight rates and stretched financials, according to rating agency Fitch Ratings. Fitch believes that these pressures will probably lead to bankruptcies among sma
Fitch Ratings: Stormy Seas ahead for Shipping amid China’s Slowdown
China’s slower growth and economic transition will pose significant risks for the shipping sector, which already faces overcapacity, weak freight rates and stretched financials, according to rating agency Fitch Ratings. Fitch believes that these pressures will probably lead to bankruptcies among sma
MES Swoops on TGE Marine
Japanese shipbuilder Mitsui Engineering and Shipbuilding (MES) has bought 99.36% of the outstanding ordinary shares in German designer and manufacturer of gas tanks and gas handling systems TGE Marine AG to expand its foothold within the market for medium sized multi-gas carriers. MES will on Septem
MES Swoops on TGE Marine
Japanese shipbuilder Mitsui Engineering and Shipbuilding (MES) has bought 99.36% of the outstanding ordinary shares in German designer and manufacturer of gas tanks and gas handling systems TGE Marine AG to expand its foothold within the market for medium sized multi-gas carriers. MES will on Septem