Shipbuilding
Mitsubishi and NYK Line Buy USD 590 Million Stake in FPSO Turritella
Japan’s Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line) have entered into a USD 590 million agreement with Dutch SBM Offshore N.V. to buy a combined 45% stake in a Floating, Production, Storage and Offloading (FPSO) system Turritella. MC (30% interest), NYK Line (15% interes
Mitsubishi and NYK Line Buy USD 590 Million Stake in FPSO Turritella
Japan’s Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line) have entered into a USD 590 million agreement with Dutch SBM Offshore N.V. to buy a combined 45% stake in a Floating, Production, Storage and Offloading (FPSO) system Turritella. MC (30% interest), NYK Line (15% interes
Biggest Spenders So Far in 2015
The biggest spender on second hand tonnage in the first half of 2015 is United States-based transporter of crude oil Gener8 Maritime, which has earmarked USD 1.4 billion for a total of 14 vessels, according to VesselsValue. General Maritime Corporation and Navig8 Crude Tankers Inc. completed their m
Biggest Spenders So Far in 2015
The biggest spender on second hand tonnage in the first half of 2015 is United States-based transporter of crude oil Gener8 Maritime, which has earmarked USD 1.4 billion for a total of 14 vessels, according to VesselsValue. General Maritime Corporation and Navig8 Crude Tankers Inc. completed their m
Evergas Launches First Two Dragon Class Multigas Carriers
Evergas, a Copenhagen-headquartered seaborne transporter of liquefied gas, has held a naming ceremony for the first two of its ‘dragon class’ 27.500 cbm multigas liquefied natural gas (LNG) carriers at the Sinopacific Offshore & Engineering shipyard in Qidong, China. The carriers were named JS Ineos
Evergas Launches First Two Dragon Class Multigas Carriers
Evergas, a Copenhagen-headquartered seaborne transporter of liquefied gas, has held a naming ceremony for the first two of its ‘dragon class’ 27.500 cbm multigas liquefied natural gas (LNG) carriers at the Sinopacific Offshore & Engineering shipyard in Qidong, China. The carriers were named JS Ineos
Scorpio Tankers Adds Two to Its Newbuilding Fleet
Tanker owner and operator Scorpio Tankers Inc. has entered into two separate agreements to purchase an MR product tanker and an LR2 product tanker that are currently under construction for a total of $95.5 million. The MR product tanker is being built by Hyundai Mipo Dockyard Co. Ltd. of South Korea
Scorpio Tankers Adds Two to Its Newbuilding Fleet
Tanker owner and operator Scorpio Tankers Inc. has entered into two separate agreements to purchase an MR product tanker and an LR2 product tanker that are currently under construction for a total of $95.5 million. The MR product tanker is being built by Hyundai Mipo Dockyard Co. Ltd. of South Korea
Spotted: Gloucester Express Tested for Leaks
Dutch shipping company organised a launching ceremony for Gloucester Express – the fifth in a series of seven livestock carriers the company had ordered at China’s Cosco. The ceremony took place at the Cosco Shipyard in Guangdong on July 11. The vessel is due for delivery to the company later this y
Spotted: Gloucester Express Tested for Leaks
Dutch shipping company organised a launching ceremony for Gloucester Express – the fifth in a series of seven livestock carriers the company had ordered at China’s Cosco. The ceremony took place at the Cosco Shipyard in Guangdong on July 11. The vessel is due for delivery to the company later this y
Belships Fixes Newbuilding Duo
Oslo-listed dry bulk shipping operator, Belships, has chartered two of its Supramax newbuilding dry bulk carriers, currently under construction at Japan’s Imabari Shipbuilding. The 61,000 dwt Belforest will be delivered from Imabari Shipbuilding on or around September 25. Cargill, Geneva, will chart
Belships Fixes Newbuilding Duo
Oslo-listed dry bulk shipping operator, Belships, has chartered two of its Supramax newbuilding dry bulk carriers, currently under construction at Japan’s Imabari Shipbuilding. The 61,000 dwt Belforest will be delivered from Imabari Shipbuilding on or around September 25. Cargill, Geneva, will chart
Ocean Yield Buys Four LR2 Tanker Newbuildings
Oslo-based shipowning company Ocean Yield ASA has agreed to acquire four newbuilding 115,000 dwt LR2 product tankers for a total consideration of USD 198.1 million, in combination with 13 years “hell and high water” bareboat charters to Navig8 Product Tankers Inc. The four vessels are being built at
Ocean Yield Buys Four LR2 Tanker Newbuildings
Oslo-based shipowning company Ocean Yield ASA has agreed to acquire four newbuilding 115,000 dwt LR2 product tankers for a total consideration of USD 198.1 million, in combination with 13 years “hell and high water” bareboat charters to Navig8 Product Tankers Inc. The four vessels are being built at