Power and automation technology group ABB has signed an agreement with China’s Wuchang Shipbuilding Group to cooperate on developing greener ships and digital solutions. Under the deal to deepen cooperation, ABB said that the partnership will help Wuchang Shipbuilding Group manufacture “highly effic
Japanese shipping company Mitsui O.S.K. Lines (MOL) has taken delivery of the Ethane Crystal, the world’s first very large ethane carrier (VLEC) which was built for Mumbai-based Reliance Industries Limited (Reliance), from South Korean shipbuilder Samsung Heavy Industries (SHI). The 80,000 cbm Ethan
Italian shipbuilder Fincantieri has held a steel cutting ceremony of the bow section of the fourth Royal class ship for cruise operator Princess Cruises, a brand of Carnival Corporation. The steel cutting ceremony was held at Fincantieri’s shipyard in Castellammare di Stabia on November 3, 2016. The
Dutch shipbuilder Damen has completed its latest multiple vessel transport, including twelve built-for-stock Damen Stan Pontoons and tugs, to the Netherlands from its shipyards in China and Vietnam. The vessels were transported by MV Svenja, owned by heavy lift and project cargo transporter SAL Heav
Seabourn Encore, the first of two ultra-luxury cruise ships being built by Italian shipbuilder Fincantieri for US-based cruise line Seabourn, has completed the final round of sea trials off the coast of Italy in the Adriatic Sea. The Seabourn Encore departed the Fincantieri shipyard on November 4 fo
US-based shipbuilder General Dynamics NASSCO has delivered the Constitution, an ECO Class tanker, to SEA-Vista LLC, a partnership between SEACOR Holdings Inc. and Avista Capital Partners. The 50,000 dwt ship was delivered during a signing ceremony at the company’s shipyard in San Diego on November 8
Australian livestock ship owner and operator Wellard Limited has, through its subsidiary Wellard Ships, reached an agreement to further defer the delivery of the livestock carrier Ocean Kelpie, currently being built by Croatian shipyard Uljanik. The delivery is now expected to take place within the
South Korean shipbuilder Samsung Heavy Industries (SHI) is looking to raise up to KRW 1.14 trillion (USD 997 million), according to the company’s stock exchange filing. Namely, the shipbuilder said that it would issue over 159,1 million shares at a price of KRW 7.1 per share, starting on November 7.
The containership demolition has reached its all time high as it surpassed 500,000 TEU, providing a positive surprise for the struggling container shipping industry, according to international shipping association BIMCO. BIMCO have throughout 2016 focused on the level of demolition in the container
K Line, MOL, NYK to Join Forces in Container Shipping Japan’s big three container shipping companies have agreed to establish a new joint-venture company to integrate their container shipping businesses… Read More Drewry: Big Three’s Liner Merger Is All about Survival The latest merger of liner ship
At the start of October 2016, a set of revised criteria was introduced for China’s White List of domestic shipyards, marking a further indication that the industry in China is likely to continue to downsize, according to Clarksons Research. Under the new criteria, builders can be dropped from the li
India’s gas utility Gail India Ltd has decided to scrap its tender to hire nine newly-built liquefied natural gas (LNG) vessels which were supposed to carry LNG cargoes from US, according to The Financial Express. Following the move, made due to a lack of qualified bidders, the company will reported
The Indian Ministry of Shipping has unveiled the first financial boost for capacity building and safety training of 20,000 workers involved in the ship recycling activities at Sosiya recycling yard in Alang, Gujarat. Contributed as part of the country’s Coastal Community Development Programme under
Chemical shipping company Navig8 Chemical Tankers has secured financing for its remaining two 25,000 dwt stainless steel chemical tanker newbuildings. Namely, the company entered into a USD 54.3 million secured loan facility to finance the two vessels, which are currently under construction at Japan
