The world’s largest container ship propeller was loaded onto the Hyundai Together at the HHLA Container Terminal Altenwerder on Saturday. The ‘HHLA IV’ floating crane lifted the giant propeller, measuring 10.3 metres in diameter, weighing 113 tonnes and boasting five blades, from its pontoon into th
Kongsberg Maritime has won a contract to deliver substantial technology packages for ten new pipelaying vessels ordered by Brazilian multinational energy corporation, Petrobras. In contracts valued approx. NOK 118 Million, the scope of supply includes Kongsberg Maritime’s leading offshore vessel tec
Polish-based NAUTA S.A (Stocznia Remontowa) has launched the hull of Siem Symphony, a specially designed platform supply vessel (PSV) for safe and reliable services in the offshore industry. The PSV, belonging to the Wartsila VS 4411 DF design, embodies the latest technological solutions, such as du
Russia’s state-owned shipping company Sovcomflot has placed its first order for a $316 million worth liquefied natural gas (LNG) carrier. South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) will be responsible for the construction of this ARC7 ice-class tanker, the fir
Ocean Yield ASA, a company with investments within oil-service and industrial shipping, is contemplating the issuance of new unsecured bonds in the Norwegian bond market with maturity in March 2019. The net proceeds from the contemplated bond issue will be used to refinance existing bonds and for ge
Boxship Yusuf Cepnioglu Runs Aground off Greece The 116m-long Turkish boxship, Yusuf Cepnioglu ran aground on the coast of Mykonos island, the Aegean Sea, Hellenic Coast Guard reported on Saturday, March 8th 2014. VARD Secures Its Largest Single Vessel Order Vard Holdings Limited (VARD) has entered
Scorpio Tankers Inc. has entered into an agreement to sell its seven Very Large Crude Carriers (VLCCs) under construction for cash and record a gain of approximately $50 million. This transaction is subject to the execution of definitive agreements and satisfaction of customary closing conditions an
After the latest batch of up to twelve newbuildings to be built at STX, Navig8 Product Tankers Inc. is going to order more long-range-one (LR1) vessels from another South Korean shipbuilder. Namely, in late February, Navig8 placed a $580 million order at STX Offshore & Shipbuilding Co. Ltd. for the
The official christening of the ‘World Sapphire’ has marked the completion of a six-ship order whereby Damen Shipyards has delivered six Platform Supply Vessels to Norwegian company World Wide Supply AS in just six months. The Damen PSV 3300 features a radical design rethink, with a wave piercing bo
Aker Philadelphia Shipyard ASA (AKPS) is working with several interested parties to enter into definitive shipbuilding contracts for four product tankers (Hulls 025-028) and agreement for joint ownership in the vessels. American Shipping Company ASA (AMSC) has a positive outlook on the Jones Act mar
The icebreaking rescue vessel Baltika returned from the first sea trials. The vessel left for sea trial on Thursday morning 6 March 2014. The sea trial was part of the test use of the ship, which is done to assure the functionality of the vessel systems. Baltika is a Russian icebreaker designed by A
Siemens Drive Technologies Division is to supply an integrated drive and power generation solution for a multipurpose offshore construction vessel (MOCV) currently being built by Hyundai Heavy Industries Ltd. (HHI) for Toisa Ltd. and will be managed by Sealion Shipping Ltd, a global shipping and sup
Cecon Shipping 2 AS, a subsidiary of Rever Offshore AS, said today that it has won a bareboat charter contract from Micoperi SLR for the new multipurpose subsea construction vessel Cecon Pride. The cutting-edge Cecon Pride is being built at Chantier Davie Canada Inc. (Davie) and is the first of thre
Yesterday, during a visit to BAE Systems’ shipyards on the Clyde in Scotland, UK Minister for Defence Equipment, Support and Technology Philip Dunne announced that UK MOD has committed £20 million to buy parts for the Royal Navy’s 3 new offshore patrol vessels (OPVs). The contract will enable BAE Sy
