Image Courtesy: Teekay Teekay Offshore has taken delivery of Beothuk Spirit, the first of its three Heritage Class shuttle tankers, from Samsung Heavy Industries (SHI) shipyard in South Korea. Currently, the 147,000 dwt Beothuk Spirit, which flies the flag of Canada, has a market value of USD 104.61
Japanese shipbuilder and ship designer Mitsui Engineering & Shipbuilding (MES) has delivered a 60,000 dwt bulk carrier to its owner at Tamano Works on October 25. MV Venezia was handed over to Greece-based Eastern Mediterranean Maritime Limited. Venezia is the 26th ship in the shipbuilding company’s
Dutch shipbuilder Ferus Smit has launched Snow Crystal, the first in a series of two new ships ordered by Swedish shipping company Erik Thun AB. The 5,680 dwt mini bulker was splashed at Ferus Smit’s Westerbroek yard on October 21. As informed, Snow Crystal and its sister vessel, which is currently
China’s Shanghai Dingheng Shipping has embarked upon an ambitious investment campaign as it speeds up efforts to create a fleet of over 20 ships by the end of this year. Last week, the company inked a deal with Ningbo Xinle Shipbuilding Group on the construction of ten 9,000-tonne stainless steel ch
South Korean shipping company Polaris Shipping has added five more 325,000 dwt Very Large Ore Carriers to the newbuilding tally at South Korean shipbuilder Hyundai Heavy Industries (HHI). The order, worth USD 400 million, is an option being exercised as part of a contract signed on September 25, whe
ESL Shipping’s LNG-powered dry cargo vessel Haaga was launched at the Jinling Shipyard in China and moved to the outfitting quay on October 20. Haaga and its sister vessel Viikki are said to be the first LNG-powered handy-size bulk carriers in the world. As explained, the 160-meter-long vessels fuel
PHP Family, a recycling yard in Chittagong, Bangladesh has received a Statement of Compliance (SOC) with the Hong Kong Convention (HKC) for the safe and environmentally sound ship recycling. Granted by international classification society RINA, the SOC is an important development towards a more sust
Rosnefteflot, a subsidiary of Russia’s petroleum company Rosneft, has inked agreements with compatriot Zvezda Shipbuilding Complex for construction of ten Arctic shuttle tankers. At the same time, Rosnefteflot and Taimyrneftegaz signed an agreement for 20-year time chartering of the 42,000 DWT tanke
Japan’s Mitsubishi Heavy Industries Group is planning to switch the focus of its commercial shipbuilding branch to areas such as gas-powered ships as part of a dramatic reform of its shipbuilding arm. The option is being pursued on the back of ever more stringent environmental regulations in the fie
Some 124 ships out of 227 ships broken in the third quarter of 2017 ended up on beaches in South Asia for dirty and dangerous breaking, the latest report from NGO Shipbreaking Platform shows. A total of 42 ships were sent for demolition to Turkey, 35 to China, and 26 were scrapped in the rest of [&h
Today, d’Amico International Shipping (DIS), a Milano-listed company specializing in the transport of refined petroleum products and vegetable oils, launched the first three LR1 (long-range) vessels in its history, at the Hyundai Vinashin shipyard in Vietnam. The company invested USD 131 million in
South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has won an order to build an LNG Floating Storage and Regasification Unit (FSRU) for about KRW 250 billion ( approximately USD 221 million). SHI revealed that the newbuild order for a 170,000 cbm LNG-FSRU was received from a consortium of M
Italian shipbuilder Fincantieri has held a keel laying ceremony today in Ancona for the sixth of eight ocean cruise ships Viking Ocean Cruises has ordered from the yard. The first building block of the ship is about 11 meters long, 28.8 wide and weighing about 380 tons. The unit, to be delivered in
On October 13, Hudong-Zhonghua Shipbuilding Group delivered to its owners Pan Asia, the first of four 174,000 cbm Tri-Fuel Diesel Electric (TFDE) liquefied natural gas (LNG) carriers. The ship quartet is owned by a joint venture involving China National Offshore Oil Corporation, China LNG Group, BW
