Shipbuilding
Tanker Ordering Frenzy Winding Down
Tanker newbuilding activity in the second quarter of the year is showing signs of slowing down compared to the first quarter, though the market remains ”robust in terms of numbers,” the London-based shipbroker Gibson said in its tanker report. The first quarter of the year saw the highest tanker new
Spotted: Harmony of the Seas Ready for the Next Step
Soon to be one of the world’s largest cruise ships, Harmony of the Seas’ exterior construction was completed this week at the STX shipyard in Saint-Nazaire, France. The newest member of Royal Caribbean International’s Oasis class of ships is now one step closer to full completion as her April 2016 d
STX Offshore to Build up to Six VLCCs for John Fredriksen
South Korean shipbuilder STX Offshore & Shipbuilding has received a firm order to build two 300,000 dwt Very Large Crude Carriers (VLCC), with four additional options, for the shipping magnate John Fredriksen. The tankers will be 300 meters long, 60 meters wide and 30 meters tall. The first two tank
Fincantieri Cuts Steel for MSC Seaside
Italian shipbuilder Fincantieri organized a steel cutting ceremony for MSC Seaside at its Monfalcone shipyard today, the first of two ”Seaside” class ships ordered by MSC Cruises. MSC Seaside is expected for delivery in late 2017, and will be homeported in Miami. With a gross tonnage of 154,000 tons
Maersk Linked to USD 2 Bln Order at HHI
South Korean shipbuilder Hyundai Heavy Industries (HHI) has been reported to had signed a Letter of Intent with Danish shipping conglomerate Maersk for construction of up to 16 ships of 14,000 TEU. Under the deal, Maersk is reported to have ordered 9 firm ships and has the option for additional 7 un
Grimaldi Orders Five Green PCTCs
Italian shipowner Grimaldi Group has signed an agreement for the construction of five Pure Car Truck Carriers (PCTCs) with the Chinese shipyard Yangfan, a total investment worth USD 300 million. Under the contract, Grimaldi has an option for construction of further seven units. The newbuilds, ordere
Readers’ Picks of the Week (15-19 of Jun)
USA Bans Cruises-to-Nowhere The US-based cruise operator Carnival Cruise Lines has confirmed that it will no longer offer the so-called cruises-to-nowhere around the US coast as of January 1, 2016…. Read more Carnival Seals Deal for World’s First LNG-Fuelled Cruise Ships Carnival Corporation & plc h
Wärtsilä to Turn 3 Boxship Newbuildings Green
Finnish engineering company Wärtsilä has received an order for three of its Hybrid Scrubber Systems to be installed on 2,500 TEU container vessels currently under construction at the Jinhai Heavy Industry Co., Ltd in China. Wärtsilä says the installation was ordered by ”a major European owner and op
BG Adds One More from KNOT
British oil and gas company BG Group plc (BG) has exercised option with shuttle tanker owner and operator Knutsen NYK Offshore Tankers (KNOT) for an additional Suezmax-size DP2 shuttle tanker newbuilding for operation in Brazil. BG received an option for a period of one year, to take up to two more
Fire-Stricken Car Carrier Reaches Germany, Readies for Repairs
The fire-stricken car carrier Courage has arrived in German waters off Bremerhaven where it is scheduled to enter a specialist yard for repairs. Based on the latest vessel tracking data by Marine Traffic, the ship is currently anchored some 32 nautical miles off Bremerhaven. The ship arrived in Germ
Euronav Seals Deal for VLCC Quartet
Antwerp-based tanker company Euronav has struck a deal for the acquisition through resale of four VLCCs which are completing construction at Korean shipbuilder Hyundai Heavy Industries for an aggregate purchase price of USD 384 million or USD 96 million per unit. The vessels are due to be delivered
BIMCO: Global Bulker Fleet to Be Cut by 30 Mln DWT in 2015
Devastating market conditions in the dry bulk shipping market are expected to send 30 million DWT for demolition from the global fleet during 2015, with 17 million DWT reported to have been sold for demolition at the end of May, BIMCO estimates. “Owners have dug deep in the first five months of 2015
DSME Orders Mac Gregor Deck Gear for 10 Arctic LNG Carriers
MacGregor, part of Cargotec, has signed a contract with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) to supply a range of Hatlapa deck machinery for ten 172,600 m3 liquefied natural gas (LNG) carriers. MacGregor will deliver electrically-driven deck machinery, windlasses and mooring
Dorian LPG Expands Fleet, Fixes Two New Charters
Liquefied petroleum gas shipping company Dorian LPG has taken delivery of the 84,000 cbm, very large gas carrier (VLGC) Cougar from South Korea’s Hyundai Samho Heavy Industries. Cougar, Dorian LPG’s fourth newbuilding delivery, will initially trade in the spot market through the Helios Pool. Dorian