Samsung Heavy Lands USD 4.7 Billion FLNG Order from Shell South Korea’s Samsung Heavy Industries (SHI) has won a KRW 5.3 trillion (USD 4.7 billion) contract to build three floating liquefied natural gas (FLNG) facilities in Europe… Read more Cruise Ship Collides with Tanker off Gallipoli A Celestyal
The 2015 appears to be running on a path toward becoming another record year in the dry bulk demolition activity. The monthly average for the first six months in 2015 is 3.3m DWT. In 2014 the first half year averaged at 1.33m DWT per month, according to the stats presented by international shipping
The 2015 appears to be running on a path toward becoming another record year in the dry bulk demolition activity. The monthly average for the first six months in 2015 is 3.3m DWT. In 2014 the first half year averaged at 1.33m DWT per month, according to the stats presented by international shipping
Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of Drewry’s Container Census report. The container equipment index price hit a 10-year low in June 2015, falling below USD 1,750 per
Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of Drewry’s Container Census report. The container equipment index price hit a 10-year low in June 2015, falling below USD 1,750 per
The National Shipping Company of Saudi Arabia (Bahri) has exercised option for construction of additional five Very Large Crude Carriers (VLCCs) at Korean shipbuilder Hyundai Samho Heavy Industries. The option was given in a contract signed with the yard on May 21st that purports construction of 5+5
The National Shipping Company of Saudi Arabia (Bahri) has exercised option for construction of additional five Very Large Crude Carriers (VLCCs) at Korean shipbuilder Hyundai Samho Heavy Industries. The option was given in a contract signed with the yard on May 21st that purports construction of 5+5
Hanjin Shipping’s HQ Raided The headquarters of South Korean conglomerate Hanjin Group and its affiliates have been raided earlier today by the Seoul prosecutors amid corruption allegations…. Read more Richard Branson Orders Three Cruise Ships, Homeports One in Miami Richard Branson’s Virgin Cruises
Hanjin Shipping’s HQ Raided The headquarters of South Korean conglomerate Hanjin Group and its affiliates have been raided earlier today by the Seoul prosecutors amid corruption allegations…. Read more Richard Branson Orders Three Cruise Ships, Homeports One in Miami Richard Branson’s Virgin Cruises
The newbuilding price index has been in decline since June 2014, and the trend is likely to continue until next year, the South Korean daily Business Korea quoted US investment firm Morgan Stanley as saying. The newbuilding price index peaked at 140 in June last year, before steadily sliding and rea
Tanker newbuilding activity in the second quarter of the year is showing signs of slowing down compared to the first quarter, though the market remains ”robust in terms of numbers,” the London-based shipbroker Gibson said in its tanker report. The first quarter of the year saw the highest tanker new
USA Bans Cruises-to-Nowhere The US-based cruise operator Carnival Cruise Lines has confirmed that it will no longer offer the so-called cruises-to-nowhere around the US coast as of January 1, 2016…. Read more Carnival Seals Deal for World’s First LNG-Fuelled Cruise Ships Carnival Corporation & plc h
Devastating market conditions in the dry bulk shipping market are expected to send 30 million DWT for demolition from the global fleet during 2015, with 17 million DWT reported to have been sold for demolition at the end of May, BIMCO estimates. “Owners have dug deep in the first five months of 2015
The International Maritime Organization’s Maritime Safety Committee (MSC), which met at the IMO’s London headquarters for its 95th session from 3 to 12 June 2015, adopted a new Code for Gas-Fuelled Ships. The Committee adopted amendments to SOLAS Chapter II-1 Part G and the Code of Safety for Ships
