Shipbuilding
Lloyd’s Register to Class MOL’s Leviathans
Lloyd’s Register is going to class series of four 20,150 teu container ships ordered by Mitsui O.S.K. Lines, Ltd. (MOL) at Korea’s Samsung Heavy Industries. The Japanese shipping giant ordered six ultra large boxships on Monday, March 2nd. The remaining two will be built at Japan’s Imabari shipyard.
Celsius Shipping Orders Tanker Quartet at Nantong Mingde
Copenhagen-based ship owner Celsius Shipping has ordered four more chemical tankers from China’s shipbuilder Nantong Mingde Heavy Industry. The contract for four 24,600 DWT stainless steel tankers was signed on March 3rd, the company’s COO Niels Stig Christensen confirmed to World Maritime News. The
Lomar Bolsters Containership Fleet
Libra Group’s Lomar is boosting its containership fleet capacity with up to seven ships as it sets sight on tapping into the potential of strong container market. The company has reported an order for up to four newbuilding containerships from the Yangzijiang Shipyard in addition to purchasing of th
Fincantieri’s Profit Dips
The Italian shipbuilding group Fincantieri recorded EUR 55 million (USD 61.7m) net profit in 2014, a 35% drop compared to EUR 85m (USD 95.3m) the company made in 2013, despite an increase in shipbuilding orders. Fincantieri secured new orders totaling EUR 5.6 billion (USD 6.27bn), 13% more compared
Who Can Afford Giant Boxships?
The trend of ordering ultra large container ships seems to have picked up the pace recently as more and more lines look to expand their fleets with giant boxships. Drewry Maritime Research has investigated if the lines, many of whom are still in serious debt, will be able to both finance and pay bac
Tallink Firms Up LNG Ferry Deal
The Estonian ferry operator AS Tallink Grupp and Finland’s Meyer Turku Oy signed a contract for the construction of an LNG-powered fast ferry for Tallinn-Helsinki route shuttle operations. The 49,000 GT dual fuel ship will be about 212 metres in length with a passenger capacity of 2,800. The fast fe
Maersk Line Poised for Fleet Growth
Danish liner giant Maersk Line seems to be ready to add more capacity to its fleet, after four years of no new orders. The order under consideration could reach up to 11 Triple E containerships worth approximately USD 1.8 billion. “We need to grow with the market and increase our capacity by 425,000
GOGL Wins Four More Appeals against Jinhaiwan
The High Court in London, UK has ordered repayment of installments and interest on the last four contracts cancelled by Golden Ocean Group Limited (GOGL) at China’s shipbuilding Zhoushan Jinhaiwan. Golden Ocean said that it has received USD 72 million in refund of installments and interest from Ji
Safebulkers Delays Delivery of Six Newbuilds
Dry bulk transportation company Safebulkers has entered into recapitulation agreements for the delayed delivery of 6 out of the 11 contracted newbuild vessels. As a result, three vessels are set for delivery in 2015 instead of five; four vessels are to be delivered in 2016 instead of five; three ves
Ignazio Messina Adds Capacity
Ignazio Messina & C. has taken delivery of what the Italian shipping company claims to be world’s largest ro-ro container ship, Jolly Cobalto, at the South Korean STX Offshore & Shipbuilding shipyard in Jinhae. The new vessel, flying under the flag of Italy, is starting its maiden voyage to Europe w
VIDEO: Nordana Sky Makes a Splash
On Saturday the 21th of February, shipbuilder Ferus Smit launched its multi-purpose carrier MV Nordana Sky in Leer, Germany. M.V. Nordana Sky, built as yard number 417, is the first in a series of six that will be delivered to Symphony Shipping. Dutch Symphony Shipping has ordered two DP2 ECOBOX-des
IMO SDC Approves SOLAS Amendments
The Sub-Committee on Ship Design and Construction of the International Maritime Organization (IMO) approved amendments to SOLAS and other international documents at its second session (SDC2) held on February 16-20, 2015 at IMO Headquarters in London. The Sub-Committee approved the amendments to SOLA
Maersk: No Plans of Speeding Up
Ships of Danish liner giant Maersk Line will continue to slow steam despite predictions that lower oil and bunker prices will prompt liner companies to speed up. According to Maersk CEO, Nils S. Andersen there is not a lot of potential for speeding up taking into account the number of giant ships al
Image of the Day: Blue Queen Ready to Rule the Seas
The Norwegian shipbuilder Ulstein Verft, part of Ulstein Group, today delivered the platform supply vessel Blue Queen to Blue Ship Invest. The PX121 design PSV is the first of two for which Norway-based Golden Energy offshore is awarded the ship management contract. Blue Queen is the ninth PSV of th