Since the beginning of the second half of this year, shipowners have ramped up dry bulk ordering, bringing the newbuild count to 110 new ships in the last three months. The number has almost doubled when compared to 63 newbuilding orders from the first half of this year, according to the data from V
South Korea’s shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) said in a regulatory filing on Thursday that it has clinched a deal for five 22,000 TEU containerships. The quintet has been ordered by Swiss-based Mediterranean Shipping Company (MSC), as confirmed yesterday by the company,
Helsinki-based shipping company ESL Shipping, a member of the Aspo Group, has named Haaga, the second of the company’s two LNG-fueled dry cargo vessels. The naming ceremony took place at the Jinling shipyard in Nanjing, China, on September 22. Featuring a length of 160 meters and a width of 26 meter
The boards of Bergen Group ASA and Bergen Group Offshore AS have approved a merger plan between the two companies, the Oslo-listed shipbuilder informed. The merger is said to be taking place as part of the group’s structure simplification, as announced in the interim results for the second quarter o
Saga Cruises has confirmed plans to extend its fleet with a second new cruise ship, the Spirit of Adventure, which will be built by Germany’s Meyer Werft. The latest fleet addition is expected to be delivered in summer 2020, joining the Spirit of Discovery which is scheduled to embark on its first c
The 1989-built barge carrier Harrier is still under arrest in Norway after its owners failed to illegally set sail for the scrapping yards in Gadani, Pakistan, in February. The Norwegian environmental authorities arrested the ship, previously named Tide Carrier, on April 5 after it had been sold for
Swiss-based Mediterranean Shipping Company (MSC) has opted for South Korean shipbuilders Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) to construct eleven 22,000 TEU containerships for the company. The order was confirmed to World Maritime News by an MSC spokes
A module of AIDA Cruises’ new ship, AIDAnova, was floated out at Meyer Werft’s shipyard Neptun Werft in Rostock on September 21. As informed, this is the first of two floating parts, the so-called floating engine room units (FERU), which will be placed onto the river Warnow with a special lowering d
Brazilian miner Vale has been linked to a time charter deal for up to 30 Valemax newbuilds contracted from seven different companies. Under the long-term contracts of affreightment lasting up to 25 years, Chinese joint venture between ICBC Leasing and China Merchants would be providing ten 400,000 D
French shipping firm CMA CGM and CSSC Group have officially signed the contract for the construction of nine 22,000 TEU ships, the largest container vessels ordered so far. With the contract, signed on September 19 in Marseille, the company confirmed that the Chinese shipyards Hudong-Zhonghua Shipbu
South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) said on Monday that its Memorandum of Understanding (MoU) with Iran for the construction of offshore plants has been terminated as no progress was achieved on the deal. The MoU, signed in September 2016, was intended to provide the much
The floating storage and offloading (FSO) unit Ailsa undocked last week in Singapore, marking the first time the FSO’s hull has touched the water. Ailsa is destined for the gas production field Culzean in the UK North Sea which is expected to come on stream in 2019. “It’s a significant milestone for
South Korean big three shipbuilders Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding and Marine Engineering (DSME) are likely to miss their earnings forecast amid increased costs and depleting order intake. HHI’s is projected to post an operating income of KRW 1
DP World will be splashing USD 405 million for the acquisition of Dubai’s ship repair business Drydocks World LLC (Drydocks) and Maritime World LLC, the 100% owner of Dubai Maritime City (DMC). The Dubai-based port operator said the purchases would be made by means of a capital injection of USD 225
