Shipbuilding
Tanker Orderbook Set to Beat 2013 Record?
Investment in construction of tankers driven by stronger appetite in ordering of new tonnage so far this year has all the signs of beating the 2013 record, Gibson said in its weekly tanker report. A total of 34 Very Large Crude Carriers (VLCCs) have been ordered during the first half of 2015, just m
Tanker Orderbook Set to Beat 2013 Record?
Investment in construction of tankers driven by stronger appetite in ordering of new tonnage so far this year has all the signs of beating the 2013 record, Gibson said in its weekly tanker report. A total of 34 Very Large Crude Carriers (VLCCs) have been ordered during the first half of 2015, just m
Chandris Orders One More LNG Carrier at DSME
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a repeat order for construction of a liquefied natural gas (LNG) carrier from Greek ship owner Chandris (Hellas). The order relates to one 173,400 cbm LNG carrier, offered in the form of option in a contract signed in D
Chandris Orders One More LNG Carrier at DSME
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a repeat order for construction of a liquefied natural gas (LNG) carrier from Greek ship owner Chandris (Hellas). The order relates to one 173,400 cbm LNG carrier, offered in the form of option in a contract signed in D
Lloyd Werft to Build Three for Crystal Cruises
German shipyard Lloyd Werft Bremerhaven AG has been selected by Crystal Cruises to build three new Exclusive Crystal Class ocean cruise vessels. Namely, owner of the company Genting Hong Kong has signed a letter of intent with Lloyd Werft to build the polar ice class vessels, which will have the cap
Lloyd Werft to Build Three for Crystal Cruises
German shipyard Lloyd Werft Bremerhaven AG has been selected by Crystal Cruises to build three new Exclusive Crystal Class ocean cruise vessels. Namely, owner of the company Genting Hong Kong has signed a letter of intent with Lloyd Werft to build the polar ice class vessels, which will have the cap
Epic Gas Secures Financing for 7 LPG Newbuildings
Owner and operator of pressurized gas carriers Epic Gas Ltd. has closed USD 50 million private placement and syndication of USD 120 million credit facility. The company said that it would use the net proceeds from the transaction to partly finance the construction of 7 pressurized LPG carriers under
Epic Gas Secures Financing for 7 LPG Newbuildings
Owner and operator of pressurized gas carriers Epic Gas Ltd. has closed USD 50 million private placement and syndication of USD 120 million credit facility. The company said that it would use the net proceeds from the transaction to partly finance the construction of 7 pressurized LPG carriers under
Readers’ Picks of the Week (13-17 of Jul)
NOL Up for Sale Again? Singapore-based container shipping company Neptune Orient Lines has been put up for sale by investment company Temasek Holdings Pte. Ltd, NOL’s majority stake owner, the Wall Street Journal … Read more Iran Ready to Unleash Its Tanker Fleet Iran’s oil-shipping giant National I
Readers’ Picks of the Week (13-17 of Jul)
NOL Up for Sale Again? Singapore-based container shipping company Neptune Orient Lines has been put up for sale by investment company Temasek Holdings Pte. Ltd, NOL’s majority stake owner, the Wall Street Journal … Read more Iran Ready to Unleash Its Tanker Fleet Iran’s oil-shipping giant National I
Wärtsilä to Axe 600
Finnish engineering company Wärtsilä plans to let go 600 employees from its Marine Solutions department, despite an increase in overall net sales and order intake in the first six months of 2015. Wärtsilä announced the planned job cuts in its Interim Report for 1HFY2015, describing the move as ”a re
Wärtsilä to Axe 600
Finnish engineering company Wärtsilä plans to let go 600 employees from its Marine Solutions department, despite an increase in overall net sales and order intake in the first six months of 2015. Wärtsilä announced the planned job cuts in its Interim Report for 1HFY2015, describing the move as ”a re
Wärtsilä Engine Chosen for CMA CGM’s Titan
WinGD, a joint venture between Finnish marine engine builder Wärtsilä and China State Shipbuilding Corporation, has been chosen to provide the engine for the first in a series of 20,600 TEU container ships being built for the French container line CMA CGM. The mega vessel will be powered by the Wärt
Wärtsilä Engine Chosen for CMA CGM’s Titan
WinGD, a joint venture between Finnish marine engine builder Wärtsilä and China State Shipbuilding Corporation, has been chosen to provide the engine for the first in a series of 20,600 TEU container ships being built for the French container line CMA CGM. The mega vessel will be powered by the Wärt