Japan’s shipping company NYK Group has taken delivery of a new coal carrier, the 56,825 gross ton Isuzu Maru, from its compatriot shipbuilder Oshima Shipbuilding. The 249-mete-long and 43-meter-wide ship, which was handed over on April 14, will be operated by NYK Group’s Singapore-based subsidiary N
Despite the strong rebound of freight rates in March this year that saw the Baltic Dry Index (BDI) pass 1,282 point mark on 27 March 2017, BIMCO expects the sector’s fully-fledged recovery to start taking shape in 2018 and 2019. The BDI going up brought earnings into profitable levels for a couple o
A total of 128 end-of-life ships were sold for scrap to the South Asian beaches during the first quarter of 2017, according to the data collected and analysed by the NGO Shipbreaking Platform. The number represents 65 percent of ships which reached the shores of Bangladesh, India and Pakistan, out
Dutch coastal shipping company Thun Tankers, part of the Gothia Tanker Alliance, has contracted four 17,500 dwt IMO II product/chemical tankers to be built at China’s Avic Dingheng Shipbuilding. The vessels are expected to be delivered between April 2019 and January 2020. Furetank Rederi AB, Thun Ta
In a time dominated by smart technology and automation being applied across the board, from industrial production to our homes and smart phones, we are witnessing an advancement of this technology in the marine sector as well aimed at making even ships autonomous. World Maritime News spoke with Oska
Greek shipping company Metrostar Management Corporation has reached a shipbuilding agreement with South Korean Daehan Shipbuilding, according to data provided by VesselsValue. Under the contract signed between the parties on April 19, the shipbuilder will construct two Aframax tankers and deliver th
Greek shipping company Neda Maritime has ordered a 319,000 dwt very large crude carrier (VLCC) from South Korean Hyundai Samho Heavy Industries (HSHI), with an option for one more tanker, VesselsValue’s data shows. Neda Maritime will pay USD 82 million for the newbuilding, which is scheduled to be c
Readers’ Picks of the Week (April 17-21, 2017)
After collecting the necessary consents for its rescue plan, the financially troubled shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) filed for a court approval for debt rescheduling on April 20, Yonhap News Agency said. An approval from the South Korea’s court would pave the way for the
South Korean engineering firm Gas Entec has inked a memorandum of understanding (MOA) with compatriot shipping company Seoil Agency for the construction of a 155,000 cubic feet reefer carrier. The duo agreed to build, invest in, charter and operate the LNG-fuelled ship which will be deployed on Seoi
The European shipping industry is set to receive further support in the sustainable projects field as the European Investment Bank (EIB) and Dutch bank ABN Amro plan to sign an agreement to support investments for greening the fleet on April 21. This EUR 150 million (USD 160.8 million) framework, wh
There are 56 container ships of 18,000 + TEU on order slated for delivery from April, 2017 till June, 2020. The mega boxships are intended predominantly to sail on the North Europe-Far East trade dominated by carrier alliances that have been freshly reshuffled. Only this year 19 vessels of this size
Monaco-based dry bulk shipping company Scorpio Bulkers has taken delivery of all of its newly constructed vessels from the company’s 48-ship newbuilding program. The company said that the final ship from the batch, SBI Jive, joined its fleet earlier in April. Featuring 81,300 dwt, the Kamsarmax was
Video Courtesy: Inselvideo The video shows mega cruise ship MSC Seaside under construction at Fincantieri’s Monfalcone shipyard in Italy. MSC Seaside is the first of the two cruise vessels ordered by Switzerland’s MSC Cruises from Fincantieri. With a gross tonnage of 154,000 tons, the ship is 323 me
