Singapore-based Sembcorp Marine and SeaOne Caribbean LLC (SeaOne) of Houston, Texas, have inked a letter of intent (LOI) for the design and construction of at least two large compressed gas liquid (CGL®) carriers. These vessels are intended to be deployed for SeaOne’s Caribbean Fuels Supply Project.
The Government of India has signed a loan agreement worth USD 76 million for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards. The total cost of the project will be USD 111 million, out of which USD 76 million will be provided as soft loan from Japan Internat
French container shipping major CMA CGM has confirmed the order for nine 22,000 TEU containerships while releasing results for the second quarter of 2017. “In order to keep pace with market growth and the group’s needs, the Board of Directors of CMA CGM has approved the order for 9 container ships o
US-based yacht builder Hinckley has unveiled the world’s first fully electric luxury yacht – Dasher. Designed from the outset for fully electric propulsion, Dasher achieves a new standard of excellence pairing modern styling with hi-tech composite construction, the company informed. Borrowing its na
Bunker vessel Coralius, carrying its first cargo of LNG, arrived at a terminal in Norway as part of its maiden voyage on September 14, Scandinavian LNG provider Skangas said. The vessel, which arrived at Skangas’ terminal in Øra, Fredrikstad, was loaded with an LNG cargo from the company’s productio
China Shipbuilding Industry Corporation (CSIC) is buying stakes in two of its subsidiaries, namely Dalian Shipbuilding Industry Co (DSIC) and Wuchang Shipbuilding Industry Corp (WSIC). As disclosed in a regulatory filing, the Shanghai-listed shipbuilder will take 49.99 % equity stake in DSIC and 36.
Prompted by the upcoming environmental regulations set to enter into force in 2020, Japanese car manufacturer Toyota Motor Corporation is said to be turning to LNG-powered ships to transport its cars across the globe. According to a report from Japanese daily Nikkei, the company is backing an invest
A substantial decline in size of the orderbook left many yards struggling to secure contracts as state-backed entities received the majority od orders. While the number of yards accounting for the first 25% of the orderbook has remained steady over the last decade, as of start September 2017, 50% wa
The steel-cutting ceremony for the first of two Costa Cruises’ ships to be powered by liquefied natural gas (LNG) was held at Finnish Meyer Turku shipyard on September 13, 2017. The newbuilding, to be named Costa Smeralda, is set to debut in October 2019 with a sister ship following in 2021. With a
South Korean shipbuilder Hyundai Heavy Industries (HHI) has agreed with its workers to implement a paid leave rotation scheme as a way of coping with work shortage. The five-week program rotation would help resolve the issue of the idle workforce, HHI said, enabling the employees to keep their jobs.
The fresh overcapacity fears in Asia-North Europe trade, sparked by the rumored new orders for Ultra Large Container Vessels (ULCV) of 22,000 TEU, seem to be unfounded. Namely, according to Alphaliner’s estimates, the newbuildings of 14,000-22,000 TEU that are to be introduced will only increase Asi
Classification organization ABS has given Approval in Principle (AIP) to Hyundai Heavy Industries (HHI) for floating liquefied natural gas (FLNG) hull design. As informed, ABS and HHI collaborated with the objective of developing a technically feasible and class compliant FLNG hull design. The ABS A
Silversea Cruises has entrusted Italian shipbuilder Fincantieri for the construction of a new ultra-luxury cruise ship, due to join the shipowner’s fleet in 2020. The shipbuilding contract is worth about EUR 310 million (USD 372.6 million). The new unit, tentatively named Silver Moon, will be a sist
Five people died and one person was injured in a fire which broke out at ASL Marine Holdings’ shipyard in Batam, Indonesia. The incident, which occurred on September 7, 2017, happened on board a tanker that was being repaired at one of the company’s dry docks. Initial investigations suggest that the
