Italian shipbuilder Fincantieri has been linked to a binding deal on construction of cruise ships for the Chinese market, Bloomberg reports citing undisclosed sources familiar with the matter. The contract is said to be part of a series of deals between Italy and China to be announced during this we
Greek owner of drybulk carriers DryShips Inc. has decided to re-enter the tanker shipping market as it agreed to purchase an Aframax tanker and a very large crude carrier (VLCC). Bought for a total gross price of about USD 102.5 million, the two vessels are set to join DryShips’ fleet in the second
The first steel has been cut for a new liquefied natural gas (LNG) -powered cruise ship ordered by German cruise line AIDA Cruises from compatriot shipbuilder Meyer Werft. The steel-cutting ceremony was held at Meyer Werft shipyard in Papenburg on February 21, 2017. The newbuilding will be the world
Workers of South Korean shipbuilding company Hyundai Heavy Industries (HHI) plan to go on strike on February 22-27 to voice their opposition to the firm’s restructuring plans, IndustriALL Global Union informed. “Korean analysts and unions believe that Chung Mong-Joon, HHI’s controlling shareholder a
Hyundai Heavy Industries’ (HHI) subsidiary, marine services provider Hyundai Global Services (HGS), signed a Memorandum of Understanding (MOU) for eco-friendly ship business with Korean shipping company KSS Line. Under the deal, the two companies said they would join forces to retrofit the medium-si
Iraq has set sights on creating a large fleet of modern oil tankers to transport the country’s crude, Reuters reports quoting a statement from the country’s Oil Minister. “The ministry wants to restructure the company’s mission to develop its operations by building and buying a large fleet of tanker
2016 has brought better financial fortunes for US-based shipbuilder Philly Shipyard, whose profit rose to USD 38.7 million from USD 17.4 million seen in 2015. In 2016, the company’s operating revenues stood at USD 233.6 million, against USD 307 million in 2015. Revenues and other income were primari
Norwegian ferry operator Color Line has signed a contract with compatriot shipbuilder Ulstein Verft for the construction of the world’s largest hybrid vessel. In January this year, the duo inked a letter of intent (LOI) for the construction of the ship. The shipbuilder plans to cut first steel for t
Singapore-based Raffles Shipping Group has ordered six small chemical tankers from China’s shipbuilder Jinhai Heavy Industry, VesselsValue’s data shows. The value of the order, which was placed on January 16, 2017, was not disclosed. The six 19,700 dwt ships are expected to be completed in 2018. Eac
Norwegian transporter of LPG and petrochemical gases Solvang Shipping has signed a Letter of Intent (LOI) for the construction of up to four ethylene carriers with South Korea’s shipbuilder Hyundai Mipo Dockyard. The deal includes firm orders for two ethylene carriers with a capacity of 21,000 cbm,
John Fredriksen-controlled Flex LNG said it was contemplating the acquisition of shipbuilding contracts for two high-end MEGI LNGC newbuilds at South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The contracts are currently held by affiliates of Geveran Trading Co. Ltd. (Geve
Italian shipbuilder Fincantieri held a keel laying ceremony for Viking Spirit, the fifth of six cruise ships ordered by Viking Ocean Cruises, on February 16 at the shipyard in Ancona. The first building block of the ship, about 11 meters long, 28,8 meters wide and weighing about 280 tons, is part of
The state-owned Bangladesh Shipping Corporation (BSC) has placed on order for the construction of two liquefied natural gas (LNG) carriers at a Chinese shipyard, the national news agency of Bangladesh informed. The new ships, which will have a capacity of around 40,000 cubic meters, will be deployed
Norwegian Cruise Line Holdings has reached an agreement with Italian shipbuilder Fincantieri for the construction of four new cruise ships, with an option for two additional vessels, for its Norwegian Cruise Line brand. The company’s four next generation ships are scheduled for delivery in 2022, 202
