Shipbuilding
Capital Adds Boxship, Finds More Work for Three Tankers
Marshall Islands-headquartered tanker, dry bulk and container ship owner and operator Capital Product Partners has acquired one 9,288 TEU newbuilding container ship from its sponsor Capital Maritime & Trading, as well as agreed two new charters and one extension for three of its tankers. The M/V Aka
BP Hires Teekay’s Newbuilds
Teekay LNG Partners L.P. has entered into a 13-year time-charter contract with BP Shipping Limited (BP) for one Liquefied Natural Gas (LNG) carrier newbuilding. The contract includes an option exercisable by BP by the end of the third quarter of 2015 for one additional LNG carrier under similar term
Carnival Seals Deal for World’s First LNG-Fuelled Cruise Ships
Carnival Corporation & plc has signed a multi-billion dollar contract with German shipbuilder Meyer Werft to build four next-generation cruise ships with the largest guest capacity in the world. The contract is part of larger previously announced strategic memo of understanding with leading shipbuil
Ship Finance Bags Three 9,000 TEU Boxship Resales
Bermuda-headquartered Ship Finance International Limited has entered into an agreement to acquire three 9,000 TEU container ships from an unrelated third party. The vessels are currently under construction and are expected to be delivered to Ship Finance between 4Q 2015 and 1Q 2016, subject to custo
LeanShips Project to Prove Effectiveness of Green Technologies
Shipbuilding giant Damen Shipyards Group is preparing to launch a project titled The European Innovation Project LeanShips – Low Energy And Near To Zero Emissions Ships at the company’s headquarters in Gorinchem, the Netherlands on June 16 and 17. The aim of the project is to demonstrate the effecti
Uljanik Launches Asphalt Carrier
Croatian shipbuilder Uljanik Group launched an asphalt carrier built for a Swedish company Wisby Tankers at its shipyard 3. MAJ on June 9. The vessel’s godmother Helena Salomon, Manager of Production Technologies at 3. MAJ, released the carrier named ”Palanca Rio” into the sea with the traditional c
IMO Adopts New Code for Gas-Fuelled Ships
The International Maritime Organization’s Maritime Safety Committee (MSC), which met at the IMO’s London headquarters for its 95th session from 3 to 12 June 2015, adopted a new Code for Gas-Fuelled Ships. The Committee adopted amendments to SOLAS Chapter II-1 Part G and the Code of Safety for Ships
Boxships Exceeding 20,000 TEU Closer than Ever
Designs for vessels in excess of 20,000 TEU had become quite advanced, according to Andrew Penfold, project director at Ocean Shipping Consultants. “We have been working closely with ship classification society Lloyd’s Register and can confirm that there is no technical reason why ships cannot go ab
Boxship Orders Soar by 60 Pct in 2015
The total capacity of containerships ordered so far this year has reached 1.04 million teu, or 60% more in capacity terms than what was ordered during the same period of 2014, shipping analyst Alphaliner said. The new wave of orders is focused mainly on ships of above 18,000 teu, with orders for 39
CMA CGM Linked to 6 Boxships Order at HHI
French liner giant CMA CGM is reported to have ordered six 14,000 TEU boxships at Korean shipbuilding conglomerate Hyundai Heavy Industries. Under the deal, the ships would be built at HHI’s Ulsan yard. The expected delivery of the ships is slated for early 2017. The deal was confirmed to Lloyd’s Li
VISEDO to Power Up World’s Largest Electric Ferry
The Finnish electric drive train specialist VISEDO has been selected as the sole electric-system supplier for the world’s largest fully electric ferryboat to be built by the Danish shipbuilder Søby Shipyard Ltd. The ferry will be introduced in June, 2017 to transportation of vehicles and passengers
d’Amico Exercises Option for Two Additional LR1 Tankers
Italian ship owner d’Amico has through its Ireland-based subsidiary d’Amico Tankers Limited placed an order for construction of two new Long Range (LR1 – 75,000 DWT) product tankers with Korean Hyundai Mipo Dockyard Co. Ltd. The ships have been ordered under an option stipulated in the recent contra
Paragon Delays Kamsarmax Deliveries
Athens-based dry bulk shipping company Paragon Shipping Inc. has decided to postpone the delivery of the three Kamsarmax vessels currently under construction until the first quarter of 2016. The decision comes as Paragon comes to grips with difficult market plagued by vessel oversupply and record-lo
Tankerska Finds Work for Its Newbuild ahead of Delivery
Croatian joint stock shipping company Tankerska Next Generation Inc. has secured employment for a minimum of three years for its new build product tanker MT Zoilo, the fourth in its fleet. The company said that once delivered, the 50,000-dwt MT Zoilo will be chartered out to a prominent charterer at