Shipbuilding
DSME Christens World’s Biggest Containership
Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which with the nominal capacity of 19,224 TEU has claimed the title of the world’s biggest containership. The naming ceremony was held on Thursday, January 8th at DSME’s Okpo shipyard, Geoje in South Gyeong
GALLERY: Damen Hands Over Nexus to Van Oord
The following gallery shows the new DOC 8500 cable laying vessel recently delivered by Dutch shipbuilder Damen to international offshore contractor Van Oord. Named Nexus, the 126-metre vessel is intended for the installation of electricity cables for offshore wind farms. Van Oord is currently making
Star Bulk Plans to Offer Shares
Dry bulk transportation company Star Bulk Carriers Corp. said it plans to make an underwritten public offering of its common stock aimed at financing its newbuilding program. Jefferies LLC and Morgan Stanley & Co. LLC will act as joint book-running managers for the offering, the company explained. S
Golar LNG Sells Shares to Fund FLNGV Conversion
Golar LNG is offering 7,170,000 common units, representing limited partner interests in Golar LNG Partners LP, to fund a portion of the recently announced contract with Keppel Shipyard to convert the 126,000 cbm LNG carrier Gimi into a floating natural gas liquefaction facility (FLNGV). Golar says t
VIDEO: Pieter Schelte Reaches Rotterdam
The world’s largest vessel Pieter Schelte, owned by Allseas, has arrived in Rotterdam, the Netherlands. The behemoth crane vessel has arrived from South Korea to Rotterdam for final outfitting. The giant vessel will be moved to Alexiahaven where a berth has been specially designed and dredged for th
Biggest Fleet Boost for Maersk, MSC and CMA CGM
Container shipping giants Maersk, MSC and CMA CGM have claimed three top spots on the list of companies that had the biggest fleet capacity increase last year. As shown in Alphaliner’s 2014-2015 fleet review, Maersk increased its capacity by 12%, MSC by 7% and CMA CGM by 9%. A.P.Møller-Maersk increa
Russia Gives Top Priority to Commercial Shipbuilding
Russia’s renewed focus on the commercial shipbuilding industry was set as a key aim by Prime Minister, Dmitry Medvedev in his recent discussions on the development of the sector through 2015. Various industry ministries have been charged with analysing industry prospects until 2030, with the finding
Baltic Trading Limited Secures USD 148 Mln Loan
Marshall Islands drybulk company Baltic Trading Limited has entered into a new credit agreement with Nordea Bank Finland plc and Skandinaviska Enskilda Banken AB for a USD 148 million senior secured credit facility. The new five-year credit facility is comprised of a USD 115 million revolving credit
Newbuild Tanker Joins Ardmore’s Fleet
Cork-based Ardmore Shipping has taken delivery of a 25,000 DWT IMO II product and chemical tanker, the Ardmore Cherokee, built at Fukoaka Shipbuilding in Japan. The Ardmore Cherokee is the fifteenth vessel to join Ardmore’s fleet on the water, where she has been placed under the technical management
Wind-Powered Freighters Herald New Era
Prompted by the global trend toward reduction of environmental impact of ocean liners a Norwegian engineer has designed a cargo ship that is powered by wind and gas, dubbed the VindskipTM. The concept highlight introduced by Mr Terje Lade, managing director of the company Lade AS, is that the hull o
Overtonnaging Key Challenge in 2015
Overtonnaging is top of the list of things which shipping can change in 2015, as the industry gears up to get to grips with the 2015 challenges, as explained by Moore Stephens Shipping Partner Richard Greiner. Accelerated scrapping is needed, together with an acknowledgement that there are already t
HHI Names Container Ship Duo
South Korean shipbuilder Hyundai Heavy Industries (HHI), has started off the new year by naming two 10,000 TEU container ships for a Greek shipping line, Oceanbulk Maritime SA. At the simultaneous naming ceremony, the vessels were named after the famous French and Spanish painters, Cezanne and Dali
Golar LNG Moves forward with Second FLNGV Conversion
Norway’s liquefied natural gas shipping company Golar LNG Limited has executed and made effective agreements with Singapore’s Keppel Shipyard Limited for conversion of the 125,000 m3 LNG carrier Golar Gimi to a floating liquefaction facility (FLNGV). The contract is worth approximately USD 705 milli
Top 5 Videos of 2014
Float-On and Transport of Costa Concordia Onboard Dockwise Vanguard Following the successful parbuckling of Costa Concordia, and in anticipation of the pending refloat, Dockwise, a wholly-owned subsidiary of Royal Boskalis Westminster N.V., provides some basic information on how the float-on will be