Ichthys Venturer, the INPEX-operated Ichthys LNG Project’ floating production, storage and offloading (FPSO) facility, sailed away on July 18 from waters near its construction site in Okpo, South Korea, en route to Australia. This follows the completion of commissioning and preparation work, accordi
South Korea’s shipbuilder Hyundai Heavy Industries (HHI) has developed Integrated Smart Ship Solution (ISSS), its ICT technology capable of realizing economical and reliable navigation and management of ships. ISSS standardizes ways of navigation varying depending on levels of skills and experiences
The mid-sized niche carriers have seen a 12.8% increase in deployed capacity during the first six months of 2017, market intelligence provider SeaIntel Maritime Analysis informed. An analysis of capacity injections over the period showed that this segment, consisting of the 21st-40th largest shippin
Oslo-listed Philly Shipyard ASA recorded USD 19.4 million in net income for the first half of the year, considerably up from last year’s USD 7.4 million. However, net income for the second quarter reached USD 2.2 million, down from corresponding USD 5.4 million. Operating revenues for the second qua
Pakistani shipbreaking yards, which are currently closed for tankers following accidents on uncleaned FSU and LPG earlier this year, could start receiving such vessels but with greater restrictions. Namely, rumors persist of an imminent reopening to tankers with far greater restrictions on tanker cl
South Korea’s shipbuilder Samsung Heavy Industries (SHI) is looking to further cut its workforce, continuing with the move earlier announced in the company’s self-rescue plan, according to Yonhap News Agency. Although the exact number of workforce which would be reduced this year was not unveiled, t
Greek Oceanbulk Group has been linked to an order for four Capesize bulkers at China’s Shanghai Waigaoqiao Shipbuilding, a wholly owned subsidiary of China CSSC Holding. The 180,000 DWT quartet is valued at USD 172 million, with Oceanbulk paying USD 43 million a piece, data from VesselsValue shows.
Norwegian shipbuilder Ulstein Verft has held the steel cutting ceremony for Color Line’s plug-in hybrid ferry. The steel cutting took place at the hull yard Crist, Poland, on July 14. Scheduled to be completed in 2019, the newbuilding will serve the Sandefjord-Strömstad route. As explained, the ferr
Japanese shipping company Nisshin Shipping has been linked to an order for up to seven 82,000 DWT bulkers at China’s Jiangsu Hantong Ship Heavy Industries. The fleet modernization deal, dated last week, comprises five firm orders plus two options, according to the data provided by VesselsValue. The
The US-based cruise company Disney Cruise Line has decided to further expand its fleet as it added a third vessel to its orderbook. The first two vessels under the company’s next phase of expansion were ordered in March 2016 from Germany’s Meyer Werft shipyard. The new cruise ship will also be const
Norwegian Fosen Yard and China’s Hantong Shipbuilding agreed on July 7 to form a joint venture (JV) for building roll-on/roll-off passenger (RoPax), roll-on/roll-off (RoRo) and cruise vessels. As informed, the new JV will be named Fosen Hantong and will become effective immediately. The JV will util
Maran Tankers Management, part of Greek shipping major Angelicoussis Shipping Group, has returned to South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) for four additional very large crude carriers (VLCC). The four 318,000-ton VLCC, featuring 336 meters in length and 60 meter
By 2020, some 100 very large crude carriers (VLCCs) will be over 20 years old, hinting that the time may be ripe now to replace that tonnage especially since the newbuilding prices are hard to resist now. “With 80 million US dollars for a VLCC and 53 million US-dollars for a Suezmax, you need to [&h
Norwegian shipping and tank terminal company Odfjell has signed a final agreement to acquire five stainless steel newbuildings and form a pool for fifteen 25,000 dwt chemical tankers. The ships are a part of a newbuilding order of ten 25,000 dwt vessels with 24 stainless steel tanks, under construct
