Shipbuilding
VIDEO: Anthem of the Seas Floated Out
Royal Caribbean’s cruise ship Anthem of the Seas, under construction at German shipyard Meyer Verft, left the covered building dock of the shipyard on Saturday, February 21th, 2015. The 168.600-gt cruise ship Anthem of the Seas, one of the largest cruise ships in the world, left the building dock ar
CMA CGM Rhone Welcomed to French Liner’s Fleet
The CMA CGM Group’s latest fleet addition, the 9,365-TEU CMA CGM Rhone, embarked on her maiden voyage from China on February 20th, 2015. CMA CGM Rhone, sailing under the Malta flag, is the 4th vessel of this class built at the Chinese construction site DSIC (Dalian, PRC). It is the 7th in a series o
BIMCO: 2014 Was Tough for Demolition Market
Declining prices have made 2014 a very hectic year for the demolition market as less DWT and fewer TEUs were scrapped compared to previous years, according to the Baltic and International Maritime Council (BIMCO). Starting with containership market, initial estimates for 2014 were set relatively low
VIDEO: Britannia Joins P&O Cruises Fleet
Italian shipbuilder Fincantieri handed over Britannia, the new flagship of the P&O Cruises fleet, brand of Carnival Group, at its Monfalcone shipyard on Sunday. Britannia will be the first P&O cruise ship with a new livery with blue funnels and a stylized 97 meters long Union Jack draped over the bo
Kommer Damen Wins Industry Leader of the Year Award
Chairman of Damen Shipyards Group, Mr. Kommer Damen, received the award for Industry Leader of the year at the annual Offshore Support Journal Conference gala dinner held on 18 February, 2015, as selected by OSJ’s editorial team and the conference advisory panel. The award was made based on “his vis
Readers’ Picks of the Week (16-20 of Feb)
VIDEO: Freighter Sinks in the Black Sea St. Kitts and Nevis-flagged general cargo ship Fort Azov sank yesterday in the Black Sea, one mile off the coast near the town of Ayancik in Turkey’s Sinop province, the Haber Turk reports.…Read more India Intercepts Fleeing Russian Cargo Ship The Indian Coast
Korean Yards Reclaim Lead
Korean yards have reclaimed the first place in global ship deliveries from their Chinese counterparts as they accounted for over a fourth of ships delivered on global scale in 2014. Korean shipbuilders had the largest share in Compensated Gross Tonnage (CGT) delivery scheme in 2014 with a 35% share
Teekay Returns to DSME for More
Teekay LNG Partners has entered into an agreement with Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of one additional 173,400 cbm MEGI LNG carrier newbuilding, Teekay said in its quarterly results. The vessel is worth approximately USD 220 million. Under th
Dry Bulk Rates to Bounce Back in Late 2015
Recovery in dry bulk shipping rates not expected until at least the second quarter of 2015.
COSCO Hands Over Three Newbuilds
COSCO Corporation (Singapore) Limited announced deliveries of three newbuilding vessels. COSCO’s shipbuilding arm Dalian Shipyard delivered a 22,000 DWT Oil Tanker, named Atalanta, to its undisclosed Asian buyer. However, based on available data, the vessel is managed and operated by oil refinery Co
DaeSun Shipbuilding Bags First Order This Year
DaeSun Shipbuilding and Engineering Co., Ltd. (Dae Sun) has won an order for construction of up to six 1,800 TEU containerships from Piraeus-based Cosmoship Management. The deal provides for construction of four boxships and an option for two additional vessels, according to Asiasis. Details on the
BW LPG Secures USD 400 Mln Loan for Its VLGC Newbuilds
Very Large Gas Carrier (VLGC) owner BW LPG has signed an agreement for a debt facility worth up to USD 400 million for financing seven of its VLGC newbuildings. The loan comprises an ECA tranche of up to USD 268 million, representing approximately 67% of the facility amount, and a commercial tranche
CMA CGM Puts Newbuild Duo to Work
The French container carrier CMA CGM took delivery of the CMA CGM Loire and the CMA CGM Ural, the fifth and the sixth in a newbuild series of twenty-eight vessels of the 9,400 TEUs to 10,900 TEUs capacity. The Danube, Elbe, Litani and Tigris are the first in this series of container ships named afte
Anthem of the Seas Ready for Float-Out
Anthem of the Seas, the latest cruise ship being built by Germany’s Meyer Werft, will leave the building dock II of the company’s Papenburg shipyard on Saturday, February 21. The 168.600-gt cruise ship Anthem of the Seas, one of the largest cruise ship in the world, is scheduled to leave the shipyar