Shipbuilding
TNG Snaps Up Tanker Resale Duo
Croatian tanker operator Tankerska Next Generation (TNG), part of Tankerska Plovidba, has used some of the cash raised from the recent IPO and bank debt to buy newbuild contracts for two 50,000 dwt eco-tankers at South Korea’s Hyundai Mipo Dockyard. The vessels are scheduled for delivery in April an
BIMCO: Strong Tanker Demand to Resume
Demand for crude oil and oil product tankers is currently strong and both segments are enjoying an extended winter season with high earnings, according to BIMCO. Spot market earnings in January for VLCC and Suezmax reached USD 70,000 and USD 65,000 per day at the peak respectively. For the product t
Scandlines Ferry Damaged while Undocking at Remontowa
Scandlines ferry Prinsesse Benedikte was damaged while undocking last week at the Polish shipyard Remontowa, where it was undergoing scrubber installation. The ferry was about to be floated out after undergoing three weeks of installation work at the yard when the floating dock it was in keeled over
World Fleet About to Receive More MSC Giants
The world’s largest containership MSC Oscar is soon going to be joined by her sister ship MSC Oliver in April 2015 followed by the rest of the family over the coming months. The vessel, the equivalent of four soccer fields when it comes to her size, featuring 395.4 m in length, is able to carry 35%
MSC Crociere Opts for GE
GE has been selected to lead the Italian consortium that will power cruise company MSC Crociere’s planned ‘Seaside’ platform. The two new cruise ships ordered at Fincatieri in 2014 will join the existing fleet of 12 vessels, all of which use electrical propulsion from GE. GE will provide on-board te
Viking Shiptech Introduces 80 Knot Ships
Norwegian company Viking Shiptech has developed a new patent pending shipping technology, which is expected to bring in considerable environmental benefits. The concept combines the delivery time speed of air transport and price range applicable for shipping. “The air transport has an 80 times highe
Tallink Grupp Opts for Wärtsilä’s LNG Engines
A new fast ropax ferry ordered by the Estonia based Tallink Grupp for its Tallinn – Helsinki route, will feature Wärtsilä dual-fuel engines running primarily on liquefied natural gas (LNG). The ship is to be built at the Meyer Turku shipyard in Finland and is scheduled to be in operation from the be
VIDEO: Anthem of the Seas Reaches Open Sea
Royal Caribbean’s new cruise ship Anthem of the Seas was safely and successfully conveyed to the open sea, the ship’s builder, Germany’s Meyer Verft informed. The river passage started in Papenburg on Tuesday, March 10 at about 14.30 pm. At around 3.15 am today the ship passed the river Ems barrier
DSME Begins Construction on Teekay’s Yamal LNG Carriers
The keel of the first of nine Liquefied Natural Gas (LNG) carriers ordered by Teekay Corporation has been laid at South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co., Ltd, Teekay said. Teekay signed up for six 170,000-cbm Arc7 vessels and Mitsui OSK Lines (MOL), in partnership with
Baltic Dry Index in Recovery Mode
After plunging to unprecedented low levels at the beginning of the year, the Baltic Dry Index is en route for recovery based on the latest figures. Namely, the BDI stood at 565 points last week.The rebound has been driven by strong vessel demand from the sector, Reuters reports, pushing daily rates
Douglas-Westwood: FPS Sector Will See More Money, but Less Orders
USD 81 billion will be spent on Floating Production and Storage units (FPS) between 2015 and 2019, 73% more compared to 2010-2014, despite the current low oil price environment, the market analysts from Douglas-Westwood project in their ”World Floating Production Market Forecast 2015-2019.” The valu
VIDEO: ms Koningsdam Floated Out
Holland America Line’s new cruise ship ms Koningsdam has been floated out and transferred from its dry dock to its outfitting dock at Fincantieri’s Marghera shipyard in Italy. At the outfitting dock, final construction and interior furnishing will take place until the ship is delivered March 31, 201
Readers’ Picks of the Week (2-6 of Mar)
JR Shipping Takes Over Universal’s Bankrupt Vessels Harlingen-based JR Shipping Group is taking over six container feeder vessels from Universal Marine upon request from Dutch Bremer Landesbank, the principal financier of the shipping CVs which operate the vessels.…Read more Shipowners Still Not Sol
Britannia Reaches Southampton Waters
The biggest ever cruise ship built for the British market Britannia has entered the Port of Southampton area steaming her way to her new home Southampton. P&O Cruises, brand of Carnival Group, issued the following map indicating Britannia’s arrival route, her final destination being Mayflower Park w