Shipbuilding
Cash Injection for Scorpio Bulkers’ Newbuilds
Scorpio Bulkers Inc., has received a commitment for a USD 540 million loan facility to finance the ongoing newbuild projects. The facility will be used to finance up to 55% of the contract price of six Ultramax, nine Kamsarmax, and nine Capesize vessels currently under construction for delivery in
Ordering Frenzy at COSCO Shipyards
Singapore based COSCO Corporation Limited has through its subsidiaries secured contracts valued at approximately USD 300 million to build one accommodation barge and seven bulk carriers. COSCO (Zhoushan) Shipyard Co., Ltd., has received orders from an unnamed European company to build one DP3 acco
Ocean Yield Orders Ethylene Carrier Trio
Ocean Yield ASA, the Oslo-based shipowner, has placed orders for three LEGCs (Liquefied Ethylene Gas Carriers) of 36,000 cbm capacity, to be built at Sinopacific Offshore & Engineering, China. Each will be powered by a single MAN B&W ME-GI low-speed, dual-fuel engine. The engines will run on ethan
Cargotec Reverses MacGregor’s Separate Listing
Cargotec has decided to reverse earlier plans to separately list its MacGregor business, as said in a press release on Friday. “Cargotec’s Board of Directors expects that shareholder value will be best created by fully focusing on the integration of newly acquired businesses into MacGregor and by
Readers’ Pick of the Week (July 14-18, 2014)
VIDEO: 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…Read more LPG Tanker Attacked by Pirates of
New Generation of Ships for Stealthgas
Stealthgas INC., a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, said yesterday that it has acquired four newbuilding LPG vessels as part of its fleet expansion program. The additions to the fleet consist of two 22,000 cbm se
RS Implements Approval in Principle Service
Russian Maritime Register of Shipping (RS) has implemented the Approval in Principle (AIP) service as part of a project to enhance the Rules for the Technical Supervision During Construction of Ships and Manufacture of Materials and Products for Ships, RS announced. Under this service, RS reviews
Samsung Heavy Bags USD 440 Mln Order
Korea’s shipbuilding giant Samsung Heavy Industries said that it has secured a major order earlier this month. Namely, Samsung won an order amounting to USD 440 million for three shuttle tankers from an unnamed European shipper. The order comes in the wake of reports on struggling Korean shipbuild
VIDEO: Steel Cut for World’s Most Luxurious Ship
Construction has began for Seven Seas Explorer, scheduled to debut in summer 2016, at the Fincantieri shipyard in Genoa, Italy. The crisp pop of a cork being freed from a Krug Grande Cuvée magnum initiated a laser, which cut the ceremonial first piece of steel for the new ship. “We’re one step clo
Marine Information Technology and Risks It Brings
The threat to the marine sector – from malicious attacks on systems and organisations via information technology – is real, Bernard Twomey and Jonathan Earthy of Lloyd’s Register Marine explained while addressing the London Joint Hull Committee on Monday. According to them, cyber losses may also b
Seatrade Expands Reefer Fleet
Seatrade, a Belgian-based operator of cargo, reefer and container ships, has agreed to acquire two 2,200 TEU high-specification container vessel newbuildings. The vessels are of an eco-design and are equipped with a high reefer capacity that equates to approximately 12,000 pallets. These specialis
Wärtsilä Secures Work with Greek LNG Shipowners
Wärtsilä has signed Technical Management Agreements with four Greek liquefied natural gas (LNG) ship owners, Maran Gas Maritime Inc, Dynagas Ltd, TMS Cardiff Gas Ltd and Thenamaris LNG Inc. All agreements cover Condition Based Maintenance for a total of 80 Wärtsilä 50DF dual-fuel engines for a fiv
Two More Cruise Ships for NCL
Norwegian Cruise Line has reached an agreement with Meyer Werft GmbH of Germany to build two new Breakaway Plus-class cruise ships for delivery in the second quarter 2018, and the fourth quarter 2019. Each ship will be 164,600 gross tonnes and include 4,200 passenger berths. “Norwegian Breakaway a
VIDEO: Viking Star Float Out
Float out is a major construction milestone for a ship, as it marks the first encounter of the steel construction with the water, which will carry it throughout its lifetime. The same was for Viking Ocean Cruises’ first ship – the 930-passenger Viking Star- set to debut in early 2015. The traditio