VIDEO: Fincantieri Starts Building Seven Seas Explorer Italian shipbuilder Fincantieri has laid keel for the Seven Seas Explorer, the first super luxury cruise ship that the company is building for Regent Seven Seas Cruises, brand of the Prestige Cruise Holdings group.…Read more Four South Korean Ya
Tug Collides with Hoegh Osaka One of the two tugs attached to Hoegh Osaka moved from her position on Saturday afternoon and collided with the listing car carrier, UK Maritime and Coastguard Agency (MCA) informed.…Read more Libyan Army Bombs Second Tanker The Libyan National Army (LNA) has bombed ano
The Saudi Arabia Monetary Agency (SAMA), has bought a 7.26 percent stake in Hyundai Mipo Dockyard Co., the South Korean shipbuilder disclosed in a regulatory filing. According to the filing, SAMA purchased 1.45 million shares on the Seoul bourse from January 7 to January 12. The company’s shares cli
Dubai government-owned conglomerate Dubai World has struck a new deal with creditors to extend and amend its outstanding USD 14.6 billion debt, Reuters reports citing company announcement. The deal envisages full early repayment of 2015 maturities of USD 2.92 billion in addition to extension of the
Some 100,000 TEU of new container ships scheduled for delivery in 2014 is estimated to have slipped into 2015. While this helped to narrow the gap between supply-demand last year it will only add to the supply pressure this year, according to Drewry Maritime Research. Drewry believes that further de
DSME Christens World’s Biggest Containership Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which with the nominal capacity of 19,224 TEU has claimed the title of the world’s biggest containership.…Read more VIDEO: Pieter Schelte Reaches Rotterdam The w
Container shipping giants Maersk, MSC and CMA CGM have claimed three top spots on the list of companies that had the biggest fleet capacity increase last year. As shown in Alphaliner’s 2014-2015 fleet review, Maersk increased its capacity by 12%, MSC by 7% and CMA CGM by 9%. A.P.Møller-Maersk increa
Prompted by the global trend toward reduction of environmental impact of ocean liners a Norwegian engineer has designed a cargo ship that is powered by wind and gas, dubbed the VindskipTM. The concept highlight introduced by Mr Terje Lade, managing director of the company Lade AS, is that the hull o
Overtonnaging is top of the list of things which shipping can change in 2015, as the industry gears up to get to grips with the 2015 challenges, as explained by Moore Stephens Shipping Partner Richard Greiner. Accelerated scrapping is needed, together with an acknowledgement that there are already t
AMT Explorer Sinks with Prysmian’s Cargo Cable barge AMT Explorer sank on Thursday, July 3 around 50 miles southwest of Sardinia while carrying Prysmian’s power cables to the North Sea.…Read more EU States Reject Ban on Filipino Seafarers At the Committee on the Safety of the Sea (COSS) held on 23 A
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 some basic information on how the float-on will be
Nakilat Damen Shipyards Qatar (NDSQ) has signed an agreement with Qatar’s New Port Project (NPP) to construct 11 workboats for use at the port. NDSQ will build four 29m-long Azimuth Stern Drive (ASD) tug boats, three 16m-long mooring boats and four 15m-long glass reinforced plastic (GRP) pilot boats
Stronger freight rates in the tanker market may bring about some positive trends for the first quarter of 2015, if lower oil prices can continue to generate higher demand for product tankers, BIMCO said. The stronger freight market has been attributed to the supply side, in particular the newbuildin
World’s Largest Containership Starts Maiden Voyage 19,100 TEU CSCL Globe, the world’s largest container ship and the first in a series of five same-sized ships ordered by China Shipping Container Lines (CSCL) in May 2013…Read more MPHRP Outraged by Court Decision to Compensate Pirates Decision of th
