Shipbuilding
BC Ferries Orders Eco Trio
BC Ferries has awarded Remontowa Shipbuilding S.A. of Gdansk, Poland contracts totaling $165m to build three new intermediate class vessels. The total project budget approved is of $237m, including financing and project management costs that would have been incurred regardless of where the vessels w
A New High for Danish-Flagged Fleet
The number of ships sailing under the Danish flag has reached a new high, new data from the Danish Shipowners’ Association shows. The Danish merchant fleet has reached a new milestone. In the most recent fleet count on 1 July 2014 the fleet sailing under the Danish flag accounted for more than 15
VIDEO: Countdown Begins for Concordia’s Refloating
Installation of the last sponson, P1, on the port side of the wreck of the cruise ship Costa Concordia was completed as planned yesterday afternoon. Now, ahead of authorization from the Monitoring Observatory, technicians can start to test all the systems for the final refloating of the Concordia.
EU Shipbuilders in 3rd Place in Global Order-Book Value
The beginning of 2014 saw the global order-book continue the growth trend which started in 2013 after five successive years of decline, it was concluded during the annual general meeting of European Ships and Maritime Equipment Association (SEA Europe) held in Copenhagen, Denmark from 26-28 June.
Fincantieri Listed on MTA
Fincantieri has debuted on Mercato Telematico Azionario (MTA), the main market of Borsa Italiana. The company operates in the design and construction of complex ships with high technological capabilities, such as merchant and naval vessels, offshore and mega yachts. Fincantieri raised $479m at IPO,
Newbuilding Market Still Not Overbooked
Despite the overcapacity of ships on the market, which has been a hot topic recently, the newbuilding orders for ships don’t seem to be toning down. When speaking about bulk carriers, Pan Ocean has placed an order for two firm 207,000 DWT Newcastlemaxes at New Times, with both vessels due to deliv
24,000 Teu Containership Imminent
Preparations for the construction of a 24,000 teu containership, which is 5,000 teu bigger than the current largest vessel, are gearing up and could start in 2016, as forecast by Ocean Shipping Consultants (OSC). These giants of the sea would feature 430m times 62m in size, although their draught wo
Future of Bunkering Lies in LNG, GDF Says
GDF SUEZ, Mitsubishi and NYK signed a framework agreement aiming to develop the LNG Bunkering market worldwide through LNG Bunkering Vessels. This partnership results in two first contracts: on behalf of the venture, the NYK’s order of an LNG bunkering vessel and an LNG bunkering contract between
Meyer Werft Closes in on STX Finnland Oy Acquisition
The German shipbuilder Meyer Werft and the Finnish state are currently discussing with STX Europe AS to acquire its subsidiary STX Finland Oy, comprising the Turku yard. The consortium has now reached meaningful progress on the main terms of the transaction. However, there are a still a number of op
VOS Pace PSV Slides into the Water
COSCO Guangdong Shipyard has launched VOS Pace, the first of six Platform Support Vessels (PSV) under construction at the shipyard to be delivered to Vroon Offshore Services (VOS). VOS Pace is an Ulstein PX121 design PSV, currently under construction at the shipyard for Vroon Offshore Services. The
Keppel Lands Two Major Contracts
Keppel Offshore & Marine’s wholly owned subsidiaries Keppel Shipyard and Keppel Singmarine have secured contracts worth a total of $368m. The contract secured by Keppel Shipyard is for the conversion of a Floating Production Storage and Offloading (FPSO) vessel for Armada Kraken Pte Ltd., a wholly o
LNG Carrier Solaris Joins GasLog’s Fleet
GasLog Ltd. has taken delivery of the fully owned LNG carrier Solaris, from Samsung Heavy Industries Co., Ltd, the company said on June 30. On the same day she commenced a medium-term charter to Shell Tankers Singapore (Private) Limited, a subsidiary of Royal Dutch Shell plc. The vessel is a 155,000
Scorpio Tankers Takes Delivery of Three PCs
Scorpio Tankers Inc., a global provider of marine transportation of petroleum products, has announced that it has recently taken delivery of three product tankers under its Newbuilding Program. STI Brixton, a Handymax Ice Class 1A product tanker was delivered from Hyundai Mipo Dockyard of South Kore
Moore Stephens: Shipping Confidence Dips amid Overtonnaging Concerns
Overall confidence levels in the shipping industry fell slightly during the three-month period to May 2014 but remain at their second-highest level for the past six years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. Expectatio