MSC Cruises have moved to increase their order of megaships from Italian shipbuilder Fincantieri to two ships, with an option for third. At a cost of $3bn, this investment signifies a confidence that the cruise holiday industry will only continue to strengthen. The Italian-Swiss shipping company cur
Norway is to build one of the most advanced research vessels in the world as part of an ongoing project with the Food and Agriculture Organization of the United Nations (FAO) to support developing countries improve the management of their fisheries. The new $80m research vessel Dr Fridtjof Nansen wi
South Korean shipbuilder Hyundai Mipo Dockyard (HMD) has won a deal to build two semi-refrigerated vessels for Nasdaq-listed StealthGas Inc. The contract, announced today on the Korea Exchange, is for the construction of two 22,000-cbm ships and is estimated to be worth around $105 million. Delivery
Britain’s independent ship repairer, Burgess Marine has entered into a long-term agreement with Mainprize Offshore to initially build two 25m wind farm support vessels; MO2 an MO3. Mainprize Offshore has also taken out options on a further two vessels. The deal is to be financed by Close Brothers. B
MCTAYS, the shipbuilding subsidiary of HS Ocean Holdings (HSOH), has signed an agreement to distribute Doosan Marine Diesel Engines in the UK, Nigeria, Gabon and Congo. Doosan is recognised as a global leader in the production of marine diesel engines. MCTAYS will supply both mechanical engines and
‘Offshore Warehouse’ Project to Save Billions Research underway at the Australian Maritime College could help save billions of dollars in port infrastructure, dredging and transhipping costs. Wärtsilä Unveils Highly Efficient Aframax Design A new, highly efficient, Aframax tanker design offering pra
A large construction vessel Rem Pioneer, build no. 364 from Kleven Verft, has been delivered to Rem Offshore ASA. The 117 m long vessel is the largest in Rem’s highly modern offshore fleet, and will start working on a chart for Italian based Micoperi Marine Contractors immediately after delivery. Th
COSCO Shipyard Group has been awarded options by the Singapore-based Chellsea Group for the construction of four platform supply vessels designed by Rolls-Royce. With this contract, COSCO has ordered integrated design and equipment packages for a total of eight Rolls-Royce UT 771 WP platform supply
BOGAZICI A.S. of Turkey have recently delivered Amapola 1, the first Robert Allan Ltd. designed RAstar 3000 tug, to International Offshore Engineering and Development Company, Panama for PDVSA of Venezuela. This new design rounds out the RAstar family of Terminal/Escort tugs, which to date encompass
Dubai, Abu Dhabi and Fujairah have big maritime ambitions as it became evident this week at the world’s most prestigious shipping event, the biennial Posidonia Exhibition. A total of 36 shipping industry magnates from the desert nation lined up their highly diverse marine offering on the 35,000 sq m
Activity in the newbuild sector is slowly picking up for most yards in the Far East. According to Fearnleys, the temporary slowdown early parts of the year is over. Although many of the orders reported are options, the sentiment seems to be changing, and willing owners are back for more tonnage. If
GDF SUEZ E&P UK has awarded a five-year contract to Sentinel Marine to provide a new 61-metre multi-role Emergency Response & Rescue Vessel (ERRV) to support drilling operations in the Cygnus field. The 1,890-tonne ship, named Cygnus Sentinel, will be built in the Fujian Southeast shipyard in China,
The new-build subsea support vessel, named MV Deep Helder continued its trials this week from the port of Delfzijl, the Netherlands. The 65 m long DP2 vessel was launched from De Hoop’s Foxhol Yard in Groningen on April 23rd 2014. She will be equipped with Survey and ROV systems, an offshore crane a
With a loan of over EUR 600 million, KfW IPEX-Bank is financing the construction of a second cruise ship for Star Cruises at Meyer Werft shipyard in Papenburg, Germany. The signing ceremony of the corresponding contracts was held in Hong Kong today. This second new vessel is scheduled for delivery d
