Shipbuilding
Cargotec to Axe 220 Jobs at MacGregor
Finnish cargo-handling machinery maker Cargotec plans to lay off around 220 employees at its subsidiary MacGregor, justifying the decision by the weakening offshore and merchant shipping market. MacGregor, which specializes in the construction of marine and offshore cargo-handling equipment, saw a d
d’Amico Entering LR1 Tanker Market
Borsa Italiana-listed tanker owner d’Amico International Shipping S.A. (DIS) has through its Ireland-based subsidiary d’Amico Tankers, inked a deal for the construction and sale of two new Long Range (LR1 – 75,000 DWT) product tankers with South Korean shipbuilder Hyundai MIPO Dockyard. The ECO desi
Scorpio Bulkers Offloads Three More Newbuilds
Owner and operator of bulk carriers Scorpio Bulkers Inc. has resumed the sell-off of its newbuiling orders as it moves to cut expanses. Scorpio said that it has entered into agreements to sell two Capesize newbuilding dry bulk vessels and an Ultramax newbuilding dry bulk vessel for approximately USD
Navig8 Chemical Tankers Takes Two More Newbuilds
A chemical tanker fleet operator Navig8 Chemical Tankers has taken delivery of two more ECO 37,000 dwt chemical tankers constructed at Korea’s Hyundai Mipo Dockyard (HMD). The 42,000 cbm Navig8 Ametrine and Navig8 Aventurine are the fourth and the fifth out of eighteen chemical tankers ordered at HM
Golden Ocean Reshuffles Fleet, Delays Newbuilds
Bermuda-registered dry bulk shipping company Golden Ocean Group Limited has taken various initiatives with respect to its fleet, including adjustments to its newbuilding program, as it endeavors to strengthen its cash position and balance sheet in the current weak market. Within the framework of tho
Scorpio Tankers Puts Deliveries to Work
Monaco-based tanker specialist Scorpio Tankers has taken delivery of one LR2 and one MR product tanker newbuild. The STI Oxford is an LR2 product tanker delivered from Hyundai Samho Heavy Industries, which upon delivery began a voyage for 50 days at approximately USD 41,000 per day. The MR tanker ST
Readers’ Picks of the Week (20-24 of Apr)
Video: NASSCO Launches World’s First LNG-Powered Container Ship The US shipbuilder General Dynamics NASSCO christened and launched the world’s first container ship powered by liquefied natural gas (LNG) at its shipyard…. Read more Susan Maersk Runs Aground in Suez Canal Danish-flagged containership
Norwegian Car Carriers Orders Two at Hyundai Samho
Oslo-listed Norwegian Car Carriers has placed an order for two Pure Car Truck Carrier (OCTCs) at Korean shipbuilder Hyundai Samho Heavy Industries. The contract stipulates an option for two additional units, shipbuilding data from Asiasis shows. The value of the deal has not been disclosed. The duo
LR: Time to Adapt to New Emission Caps Fast Running Out
Lloyd’s Register has issued new emissions guidelines and updated technical information to help operators in their investment decisions ahead of the enforcement of a global 0.5% cap for SOx emissions. The time for decisions is fast approaching. If in 2012, when an earlier version of this report was i
Medvedev to Bolster Russian Shipbuilding Industry
Russian Prime Minister Dmitry Medvedev has tasked the country’s ministers with developing a strategy to support the country’s shipbuilders, the Russian Government said in a release. The aim of the strategy is to attract more orders at domestic shipyards, both from the offshore sector and newbuild co
Reederei NSB Floats Out First Ever Widened Boxship
German container line Reederei NSB successfully floated out MSC Geneva, the first ever container ship to undergo a process of widening which will increase the ship’s capacity from 4,860 TEU to over 6,300 TEU once all the work is completed, the company said in a release. MSC Geneva is the first of th
Hanjin’s Subic Shipyard Lands 11,000 TEU Boxship Deal
Hanjin Heavy Industries & Construction’s (HHIC) Philippines-based Subic Shipyard has signed a deal to build six 11,000-TEU containerships for European and Asian shipping companies, the company said. HHIC did not disclose the names of the companies behind the orders. The shipyard won six 11,000-TEU c
CE Delft Defends Its Shipping Efficiency Study
Responding to conflicting claims about the conclusions the study it prepared for Seas At Risk and Transport & Environment on shipping’s efficiency in the press and most recently the criticism of the International Chamber of Shipping (ICS), consultancy firm CE Delft stood firm behind its findings. “C
Survey: Banks Prefer Eco Ships
Several leading banks in the shipping industry, including HSH Nordbank and KfW IPEX-Bank, use energy-efficiency data in making investment and financing decisions, according to the NGO Carbon War Room (CWR). HSH Nordbank, KfW IPEX-Bank, and other banks surveyed by CWR have indicated that vessel effic