Shipbuilding
Diana Shipping Adds Capesize Newbuild
Dry bulk ship owner Diana Shipping Inc. has, through a separate wholly-owned subsidiary, inked a deal to acquire a new-building Capesize dry bulk vessel of approximately 180,000 dwt for a purchase price of USD 50 million. The vessel has been built by Qingdao Beihai Shipbuilding Heavy Industry Co., C
VIDEO: Norwegian Escape Megablock Floated Out
German shipbuilder Meyer Werft floated out the first 120-meter megablock of the future Norwegian Escape cruise ship on 5th December 2014. The Norwegian Escape will be 324 meter long and 41.4 meter wide. Meyer Werft laid the keel of Norwegian Escape in September this year. Norwegian Escape will be No
CMA CGM Litani Joins CMA CGM’s Fleet
French shipping giant CMA CGM Group took delivery of CMA CGM Litani on December 3rd, 2014 in China. Sailing under the Malta flag, the ship was built by Chinese shipyard New Times Shipbuildings based in Jiangsu Province, Pin collaboration with CIMC Group and the CMA CGM Group experts. The CMA CGM Lit
Klaveness in Contract Talks with Alcoa
Norwegian shipping company Torvald Klaveness is in talks with aluminium producer Alcoa on a new long term contract for the transportation of caustic soda, the company announced. Under the deal, being negotiated through Klaveness’ subsidiary Cabu Chartering AS, the cargo would be transported from the
SCF Secures USD 319 Mln Loan for LNG Carrier Duo
Russian shipping company OAO Sovcomflot (SCF Group) has penned a new USD 319 million 10 year credit facility with a consortium of European banks. According to SCF, the funds will be used towards financing two new ice-class LNG carriers, SCF Melampus and SCF Mitre, which will operate on long-term con
Fitch: Calmer Waters Ahead for Shipping
Calmer waters are ahead for the shipping industry in Europe, the Middle East and Africa (EMEA), according to Fitch Ratings forecasts for 2015. The stable outlook for 2015 is based on expected rebound of sector fundamentals, however oversupply and volatility in rates are likely to persist. Fitch Rati
Readers’ Picks of the Week ( 1st-5th Dec)
Abandoned Vessel Found in Zakyntos Island The Hellenic Coast Guard has found an abandoned vessel loaded with cigarettes in Zakyntos island while conducting a regular patrol on Tuesday, December 2nd.…Read more Pieter Schelte Loses South Stream Gig The world’s largest crane vessel Pieter Schelte will
Pleiades Back at STX Offshore for More
South Korean shipbuilder STX Offshore & Shipbuilding Co. has secured an order to build up to six LR1 tankers for Greek Pleiades Shipping Agents, Yonhap reports. According to STX, the order stipulates construction of two 73,500-dwt vessels with options for four additional tankers. The vessels should
Celebrity Cruises Orders Two at STX France
Celebrity Cruises, a premium brand subsidiary of Royal Caribbean Cruises Ltd (RCL), has signed a letter of intent for two cruise ships of new class with French shipbuilder STX France. The said ships, developed under the project name EDGE and worth 117,000 GRT, are due for delivery respectively in fa
Scorpio Pens Loan to Finance Capesize Newbuilds
Bulk transporter Scorpio Bulkers Inc. has signed a Memorandum of Understanding with ABN Amro Bank N.V. and the Export-Import Bank of China for a loan facility of up to USD 234.9 million. Scorpio said that the loan will be used to finance up to 60% of the contract price of seven Capesize vessels curr
Class NK and NAPA to Cut Ship Design Time and Cost
Japanese classification society ClassNK and Finnish maritime software company NAPA have agreed on a new joint project to reduce the time and cost of designing vessels in accordance with the new IACS harmonised Common Structural Rules. The new project will, according to the parties involved, enhance
Rosmorport Signs Multiple Agreements
Russia’s FSUE Rosmorport is using the ”Transport Week-2014”, specifically VIII Forum and Exhibition “Transport of Russia” held at Gostiny Dvor exhibition centre in Moscow, to sign several new agreements aimed at further developing the company’s seaport capacities, shipbuilding potential, as well as
OSK-ShipTech, GSI Ink Design Deal Extension
Danish naval architect consultancy, OSK-ShipTech A/S and China’s Guangzhou Shipyard International (GSI) have signed a contract for continuation of design works in relation to the new RoPax ferry recently contracted between GSI and Sweden’s passenger shipping company, Gotlandsbolaget. The ferry will
Shell to Put Teekay’s LNG Newbuildings to Work
Teekay LNG Partners L.P. and Royal Dutch Shell plc (Shell) have entered into time-charter contracts for five newbuild LNG carriers. The vessels will operate as part of Shell’s global LNG fleet under time-charters ranging in duration from six to eight years, plus extension options. Delivery of the ve