Shipbuilding
USC Takes Over Arctech Helsinki Shipyard
Russia’s United Shipbuilding Corporation has bought another 50 percent of shares in Arctech Helsinki Shipyard from STX Finland Oy, becoming the sole owner of the Finnish shipbuilder. Arctech Helsinki Shipyard Inc. was founded in December 2010, when United Shipbuilding Corporation bought the first 50
LaNaval Lays Keel of Dutch Ferry
Spain’s LaNaval Shipyard has laid the keel of the ferry Texelstroom, ordered by the dutch company Royal N.V. Texels Eigen Stoomboot Onderneming (TESO). Texelstroom, 135 meters long and 28 meters wide, will carry up to 1,750 persons and 350 vehicles. The vessel will be powered by diesel-oil or altern
RS to Class Samsung Heavy’s Arctic Tankers
Russian Maritime Register of Shipping (RS) has signed an agreement with the South Korean yard Samsung Heavy Industries on design approval and survey under construction of a new series of 42 000 dwt Arctic shuttle oil carriers. The new tankers are designed to complete a set of tasks of hydrocarbons t
ThyssenKrupp Sells Emden Shipyard
German multinational conglomerate ThyssenKrupp and Seafort Advisors GmbH, a Hamburg-based private equity firm, have entered into an agreement on the sale of the Emder Werft und Dockbetriebe shipyard in Emden, Germany. ThyssenKrupp began looking into alternative strategic options for the company at t
Fourth CMA CGM Newbuilding Enters Fleet
CMA CGM Group has taken delivery of the CMA CGM Tigris, the fourth in a series of 28 vessels from 9,400 TEUs to 10,900 TEUs which will have been delivered by the third quarter of 2016. The CMA CGM Tigris will be a chartered bareboat sailing under the Malta flag, and the result of collaboration betwe
Jiangzhou Union, Auerbach Schifffahrt Sign Cooperation Deal
Jiangzhou Union Shipbuilding, an indirect wholly-owned subsidiary of the China Ocean Shipbuilding Industry Group, entered on December 17 into a strategic cooperation agreement with Auerbach Schifffahrt and Xiamen ITG Shipbuilding to jointly develop and construct multi-purpose vessels in China. Accor
Exmar Orders Second Wison FLNG
Belgian LNG and LPG carrier owner and operator Exmar NV has ordered the second Floating LNG Liquefaction Unit (FLNG) at Wison Offshore & Marine. Under the agreement Wison will be responsible for the turnkey engineering, procurement, construction, transportation, installation and commissioning (EPCIC
Wärtsilä to Power World’s First High Speed RoPax LNG Ferry
The first Swedish-flagged LNG powered passenger vessel,and the first LNG fuelled high speed RoPax ferry in the world, being built for Swedish operator Rederi AB Gotland, will feature a Wärtsilä integrated solution, including a complete LNG powered propulsion and fuel storage and supply system, as we
Norden Seals Financing for Its USD 1Bln Fleet Renewal
Danish shipping company Norden said that it has secured three new credit facilities, worth a total of USD 187 million. Two loans have been agreed with Scandinavian banks and the remaining one with a Japanese bank. The said financing puts USD 433 million of undrawn credit facilities at Norden’s dispo
Carnival Back for Two More at Fincantieri
Italian shipbuilder Fincantieri bags order to build two more for Carnival Cruise Line and Holland America Line.
Scorpio Tankers Rejuvenates Fleet
Monaco-based tanker owner and operator Scorpio Tankers has recently taken delivery of six newbuilding vessels. The company has also agreed to sell three of its older vessels for a total sum of USD 74 million. STI Condotti, an LR2 product tanker, was delivered from Hyundai Samho Heavy Industries, and
Scorpio Switches Dry Bulk Newbuildings Order to Tankers
Scorpio Bulkers Inc. has reached agreements with shipyards in South Korea and Romania to modify six newbuilding contracts for Capesize bulk carriers into newbuilding contracts for LR2 product tankers, as well as to sell four of these LR2 newbuilding contracts to Scorpio Tankers Inc., with options fo
CMB Enters Containership Business
Compagnie Maritime Belge (CMB) has approved the acquisition of the fleet of containerships of Delphis, a fully-owned subsidiary of SAVERCO, one of CMB’s reference shareholders. Currently Delphis operates a fleet of 14 containerships of which 7 are fully owned and 7 owned in joint venture. Of the 7 j
BigRoll Shipping Orders MC Class Duo
Dutch transportation company BigRoll Shipping has contracted COSCO Dalian Shipyard Co. Ltd to build two more MC Class module carriers, bringing the total number of vessels under construction to four, the company said. The first two vessels BigRoll Barentsz and BigRoll Bering were ordered in 2013 and