Shipbuilding
Mitsubishi Heavy to Miss AIDAprima Delivery Deadline by 3 Months
Mitsubishi Heavy Industries (MHI) will miss the delivery deadline of Aida Cruises’ flagship AIDAprima by three months, the Japanese shipbuilder said in a release. Back in August, MHI announced a delay in delivery of AIDAprima, the first of two ships the German cruise line had ordered back in 2011, c
Mitsubishi Heavy to Miss AIDAprima Delivery Deadline by 3 Months
Mitsubishi Heavy Industries (MHI) will miss the delivery deadline of Aida Cruises’ flagship AIDAprima by three months, the Japanese shipbuilder said in a release. Back in August, MHI announced a delay in delivery of AIDAprima, the first of two ships the German cruise line had ordered back in 2011, c
Philly Tankers AS Okays USD 568 Million Resale Deal with Kinder Morgan
Majority of investors at the tanker operator Philly Tankers AS have agreed to sell the contracts for four tankers to be built by Aker Philadelphia Shipyard to a subsidiary of the energy infrastructure company Kinder Morgan for USD 568 million. On August 10, Kinder Morgan signed a definitive agreemen
Philly Tankers AS Okays USD 568 Million Resale Deal with Kinder Morgan
Majority of investors at the tanker operator Philly Tankers AS have agreed to sell the contracts for four tankers to be built by Aker Philadelphia Shipyard to a subsidiary of the energy infrastructure company Kinder Morgan for USD 568 million. On August 10, Kinder Morgan signed a definitive agreemen
Dorian LPG Adds Two, Postpones One VLGC
Dorian LPG, a U.S.-based liquefied petroleum gas shipping company, has taken delivery of the very large gas carrier (VLGC) Commodore from Hyundai Samho Heavy Industries and the VLGC Cresques from Daewoo Shipbuilding and Marine Engineering (DSME). The two 84,000 cbm Eco VLGCs will be Dorian LPG’s nin
Dorian LPG Adds Two, Postpones One VLGC
Dorian LPG, a U.S.-based liquefied petroleum gas shipping company, has taken delivery of the very large gas carrier (VLGC) Commodore from Hyundai Samho Heavy Industries and the VLGC Cresques from Daewoo Shipbuilding and Marine Engineering (DSME). The two 84,000 cbm Eco VLGCs will be Dorian LPG’s nin
Drones Becoming Ever More Popular in Shipbuilding
Unmanned aerial vehicles (UAV), or drones, as they are better known, are gaining in popularity in various industries, including shipbuilding. Having in mind that time is money, shipbuilders are starting to adopt this type of technology to facilitate and speed up various construction stages, includin
Drones Becoming Ever More Popular in Shipbuilding
Unmanned aerial vehicles (UAV), or drones, as they are better known, are gaining in popularity in various industries, including shipbuilding. Having in mind that time is money, shipbuilders are starting to adopt this type of technology to facilitate and speed up various construction stages, includin
Product Tanker Supply About to Outpace Demand
Impending fleet growth is expected to reduce the product tanker market’s earnings over the medium term impacting the healthy returns the market enjoyed in recent years, according to Drewry’s Product Tanker Market Annual Report 2015. The widespread switching of trade by product/chemical tankers (swin
Product Tanker Supply About to Outpace Demand
Impending fleet growth is expected to reduce the product tanker market’s earnings over the medium term impacting the healthy returns the market enjoyed in recent years, according to Drewry’s Product Tanker Market Annual Report 2015. The widespread switching of trade by product/chemical tankers (swin
Video: Naming of First Philippine-Built LPG Carrier
Teekay LNG and Belgium’s Exmar held a naming ceremony for M/V Kaprijke on August 24 at Hanjin Heavy Industries Corporation’s Subic Shipyard, the first ever liquefied petroleum gas (LPG) carrier to be built in the Philippines. M/V Kaprijke is the first of eight midsize gas carriers Teekay LNG and Exm
Video: Naming of First Philippine-Built LPG Carrier
Teekay LNG and Belgium’s Exmar held a naming ceremony for M/V Kaprijke on August 24 at Hanjin Heavy Industries Corporation’s Subic Shipyard, the first ever liquefied petroleum gas (LPG) carrier to be built in the Philippines. M/V Kaprijke is the first of eight midsize gas carriers Teekay LNG and Exm
Euronav Takes USD 750 Million Facility
Antwerp-based tanker owner and operator Euronav has signed a new USD 750 million senior credit facility to refinance previous loan agreements, as well as bankroll its fleet expansion program. The new senior secured amortizing revolving credit facility will be used to refinance 21 vessels and finance
Euronav Takes USD 750 Million Facility
Antwerp-based tanker owner and operator Euronav has signed a new USD 750 million senior credit facility to refinance previous loan agreements, as well as bankroll its fleet expansion program. The new senior secured amortizing revolving credit facility will be used to refinance 21 vessels and finance