Shipbuilding
Avance’s Newbuilds Repaired
Norwegian owner and operator of very large gas carriers Avance Gas informed that both of its newbuilds, VLGCs Breeze and Monsoon, have completed their warranty repairs related to defective stern tube bearings, under supervision by Lloyd’s Technical Investigation Department. Breeze left drydock at Ju
Interview: Trials and Tribulations of the Dry Bulk Market
The dry bulk shipping market has been hit hard by the downturn of the Baltic Dry Index (BDI) that fell to unprecedented lows this year. Vessel oversupply and dwindling demand, especially from the world’s top importer China, have caused numerous headaches for the ship owners across the board, some of
Readers’ Picks of the Week (18-22 of May)
Interview: Time for Carriers to Get Ahead of the Curve The 2015 has started off as a pretty challenging year for the container shipping industry. With volatile spot rates coupled with oversupply and ordering of… Read more Why Containers Get Lost at Sea? Containerization has reformed the ocean transp
VIDEO: Meet Auerbach’s Multipurpose Newbuilds
The following video introduces the multipurpose, MPP F-500, series of vessels owned by German shipping company Auerbach Schifffahrt. The company has entrusted Jiangzhou Union shipyard in China to build four 12,500 DWT MPP ships, two in 2014 and additional two in March this year, slated for delivery
Höegh LNG to Speed Up Investment in New FSRUs
Owner and operator of floating LNG terminals Höegh LNG plans to tap further into the rising market potential of the floating storage and regasification units (FRSU). The growing focus is likely to see more newbuilding orders in this sector, according to Höegh LNG’s President and Chief Executive Offi
Image of the Day: Razor-Sharp X-BOW
Well this is a sight we don’t have a chance of seeing too often. The image shows an offshore construction vessel (OCV), featuring Ulstein’s X-BOW design, taking shape at Ulstein Verft. On the wide angle view, the OCV vessel is seen flaunting its fresh paint job. The vessel, currently known as hull n
Lomar Takes Delivery of 64,000 DWT Bulker
China-based COSCO (Zhoushan) Shipyard Co. has delivered a 64,000 DWT bulk carrier named Queen Cuki to its European buyer, Lomar Shipping. The vessel measures 199.90 meters in LOA (length of all), 32.26 meters in breadth and 18.5 meters in depth. In February 2012 Lomar signed an order with COSCO Grou
Higher Turnover for Dutch Maritime Technology Sector
The Dutch maritime technology sector has had a good year, posting a 17% increase in turnover, from € 6.4 billion ( USD 7.14 bln) in 2013 to € 7.5 billion (USD 8.36 bln) in 2014. The sector employed 31,680 FTEs, up from 29,361 in 2013. “Overall we see a nuanced picture, with ups and downs,” […
Image of the Day: e-KOTUG Wows Tugnologists
KOTUG’s new ART 80-32 Hybrid Rotortug RT Evolution, built by Damen, was named at the Greenwich Ship Tier in London on May 18, during the ‘Tugnology Conference.’ KOTUG currently owns four hybrid Rotortugs. RT Adriaan and RT Evolution are operating in the Port of Rotterdam and RT Emotion commenced her
DNV GL Unveils Its Unmanned FLNG Concept
DNV GL has developed a new unmanned floating LNG concept intended to unlock the potential of remote offshore gas fields by overcoming some of the exiting operational challenges. The concept is called Solitude and combines exiting technological advances into a solution that, according to DNV GL, offe
Image of the Day: Helgoland Floated Out
After almost nine months of construction MS Helgoland, a new LNG-fueled ferry of the shipping company Cassen Eils from Cuxhaven, left the building dock of the Fassmer shipyard. The ferry was floated out on May 12th, and is now going to undergo extensions on its upper deck as well as final touches in
Maran Orders Two Tankers at DSME
South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering Co (DSME) has won an order from Greece-based Maran Tankers Management to build two oil tankers. The contract was signed on Friday, May 15th and entails construction of two 156,000 DWT crude oil tankers slated for delivery in ea
IMO Adopts Polar Code Environmental Provisions
The International Maritime Organization (IMO) has adopted the environmental part of the International Code for ships operating in polar waters (Polar Code) and associated MARPOL amendments to make the Code mandatory by the Marine Environment Protection Committee (MEPC). The MEPC was meeting for its
Readers’ Picks of the Week (10-14 of May)
Why Containers Get Lost at Sea? Containerization has reformed the ocean transportation of cargo becoming the standard method of moving goods across the globe today. Read more Bremerhaven Crane Operator Dies in Boom Collapse A 52-year-old crane operator died last night at the German port of Bremerhav