Petroleum products shipping company Navig8 Product Tankers has taken delivery of the Navig8 Gratitude, a 113,000 DWT LR2 tanker from China’s Guangzhou Shipyard International Company Limited (GSI). The Navig8 Gratitude is the last of eight vessels contracted at GSI, formerly CSSC Offshore & Marine En
Italian shipbuilder and ship designer Fincantieri has signed a share purchase agreement for the acquisition of 66.66% of the share capital of STX France from its current shareholder, STX Europe AS. The agreement entails a purchase price of EUR 79.5 million (USD 88.5 million), to be paid through avai
Taiwan Navigation Company (TNC) has been tied to the order of two Ultramax bulk carriers. The order was allegedly placed by the company at Japanese Oshima shipyard on May 10, VesselsValue’s data shows. As set under the contract terms, the company would pay USD 25.5 million for each of the two 62,000
Starting with the latest addition to the global fleet of super-sized containerships, the recently-christened 21,413 teu OOCL Hong Kong has taken the title of the largest ship in the world based on its advertised nominal container intake. However, the sea giant features 191,317 in dwt capacity, consi
Six persons died and at least 15 people sustained injuries following a huge explosion at Cotecmar shipyard in Cartagena, Colombia that occurred in the morning hours of May 17. Cotecmar said in a statement that 15 people were injured, while local media reported that the number could be as high as 23.
Exmar LPG, a joint venture of Exmar NV and Teekay LNG Partners, has reached an agreement with South Korean shipbuilder Hyundai Heavy Industries (HHI) to take over and novate an existing newbuilding contract for an LPG carrier. The 38,000 cbm fully-refrigerated midsize gas carrier (MGC) is scheduled
JS Ineos Invention, the final of eight Dragon Class vessels ordered from China’s shipyards by Danish shipping company Evergas, has been delivered to its charterer INEOS. Back in 2013, Evergas ordered four identical vessels from the Sinopacific Offshore & Engineering shipyard in Qidong, China. The or
A fire erupted at Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, on May 17, Yonhap News Agency reports. The fire was brought under control and there were no casualties, Yonhap cited firefighters as saying. The blaze reportedly started in air condition equipment at the shipyard at aro
Despite being the preferred option for responsible ship recycling when compared to South Asia’s shipbreaking yards, Turkey’s Aliaga-based breaking yards still face considerable challenges including high accident rate. Furthermore, there is a low level of awareness of occupational diseases at the Ali
Australian cruise company Aurora Expeditions has revealed the design of its first purpose-built expedition vessel for the polar regions. Designed in cooperation with the US-based shipbuilders SunStone Ships, the ice class 1A ship will be built to the latest polar code specifications, according to th
Hong Kong-based container carrier Orient Overseas Container Line (OOCL) held a naming ceremony for the 21,413 TEU OOCL Hong Kong at Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, on May 12. The 191,317 dwt OOCL Hong Kong has become one of the largest containerships in the world by ca
Norway’s car carrier owner and operator Höegh Autoliners has sold its 1988-built Pure Car and Truck Carrier MV Höegh Triton for recycling, the company said. As informed, the vessel will be recycled at Jiang Men City Zhong Xin Shipbreaking & Steel Co. in China, under supervision by Grieg Green. “This
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) is finally on track to get its USD 6 billion of fresh funds now that the Busan court has dismissed the appeal from a group of individual investors to the bailout plan, Korean newspaper the Pulse reports. As stipulated
China’s COSCO (Qidong) Shipyard has entered into a contract with an unnamed European buyer to build a Floating Storage Regasification Module (FSRU module). The company’s parent, COSCO Shipping International (Singapore), said that its Qidong shipyard and the European buyer have agreed to keep the con
