South Korean shipbuilding major Samsung Heavy Industries (SHI) held a naming ceremony today at its Geoje shipyard for the largest containership built so far, thus breaking global shipbuilding records. The newbuilding is the first of four 20,150 TEU containerships, ordered from Japan’s shipping giant
Japan’s Mitsubishi Heavy Industries (MHI) is considering to restructure its shipbuilding activities and enter local partnerships due to a low demand for new ships, Bloomberg reports. The decision about the restructuring is likely to be announced in July, Bloomberg cited Eiji Matsubara, MHI’s spokesp
Creditors of the cash strapped Korean shipbuilder Daewoo Shipbuilding & Marine Engineering are looking to secure another rescue package for the company of up to KRW 3 trillion (USD 2.6 billion), Yonhap News Agency cited industry sources. Led by the state-run Korea Development Bank (KDB), the credito
COSCO (Zhoushan) Shipyard Co., Ltd, a subsidiary of COSCO Shipyard Group Co., has delivered a 152,300 dwt shuttle tanker Anna Knutsen to an undisclosed European shipowner. The 273-meter-long ship, which has a market value of USD 85.2 million, has joined the fleet of Norway-based Knutsen NYK Offshore
Amsterdam-based shipping company Spliethoff has ordered six multipurpose vessels from Chinese shipbuilder Zhejiang Ouhua Shipbuilding. Each of the six newbuildings will have a length of 165 meters and a tonnage of 18,000 dwt. The vessels, which belong to the company’s new R-Class, are designed in ac
South Korea’s shipbuilder Hyundai Heavy Industries is in talks to build up to a dozen very large crude carriers (VLCCs), the value of which could reach USD 1 billion, Yonhap News Agency cited industry sources. Namely, the company is reportedly negotiating the orders with two undisclosed shipping fir
Shipyards have been struggling with reduced vessel ordering for years as global output dropped and capacity diminished shortening their forward cover to the current 2.3 years, according to Clarksons Research. Forward cover, one basic indicator of the volume of work that shipyards have on order, is c
Strategic Marine, a subsidiary of TRIYARDS Holdings Limited, has received contracts worth USD 20.6 million to construct two passenger ferries for two ferry operators. Under the contracts, the company will build an 85-meter vehicle passenger ferry for Scottish ferry operator Pentland Ferries, while t
The Seatransporter-DF, a dual-fuel design concept developed by Algoship Designers of Nassau, Bahamas has received Approval in Principle (AIP) from US-based classification society ABS. The design has the capability to accommodate multiple engine types as well as Type-C or membrane containment systems
Five of the EU’s approved recycling yards have decided to join forces as they signed an agreement to form the European Ship Recyclers Group (ESR). Namely, the French Port of Bordeaux , Belgium-based Galloo, Smedegaarden from Denmark, Dutch Scheepssloperij Nederland and Spain’s DDR plan to operate un
Italian shipbuilder Fincantieri launched the cruise ship Carnival Horizon, Carnival Cruise Line’s new ship, at its Marghera shipyard on May 10. The shipbuilder said that interior fittings will now begin, leading the ship to its delivery, scheduled for spring 2018. Featuring 133,500 gross tons and a
Dutch shipbuilder Ferus Smit launched Symphony Provider, the second in a series of two EXOBOX DP2 vessels built for compatriot company Symphony Shipping, at its shipyard in Leer, Germany, on March 9. The 10,500 dwt Symphony Provider, which has a length of 125 meters and a width of 18 meters, is sche
Swedish tanker shipping company Stena Bulk has taken delivery of Stena Impeccable, the tenth of 13 IMOIIMAX MR tankers ordered from Chinese shipyard Guangzhou Shipbuilding International (GSI). The 50,000 dwt chemical and product tanker features a length of 183 meters and a width of 32 meters. The ta
The video above shows the float-out of the second mega block of World Dream, a cruise ship being built for Asian cruise line Dream Cruises at Meyer Werft shipyard in Papenburg, Germany, on March 3. World Dream, which is the second cruise ship being built for Genting Hong Kong’s Dream Cruises at the
