The National Shipping Company of Saudi Arabia (Bahri) took delivery of a new vessel specialized in general cargo with a size of 26,000 DWT in South Korea on 28th April 2014. The ship was named “Bahri Yanbu” and it was built by Hyundai MIPO in South Korea. This is the sixth vessel and the last [&hell
Over the last week, 62 firm newbuilding orders have been reported, according to Fearnleys. Optional vessels are being declared in all segments as newbuilding prices are still firming. Vogemann has declared their option for another 4 Newcastlemax vessels from JES. Price reported to 53 mill USD, which
Grandweld, a fully integrated shipyard providing shipbuilding, ship repair, and engineering solutions, has laid keel for ADNOC’s (Abu Dhabi National Oil Company) 42m Aluminum Crew Boat. Contract for the vessel was signed on December 31st 2013, and the keel laying ceremony was held on April 17th 2014
BMT Nigel Gee (BMT), a subsidiary of BMT Group, and Ares Shipyard today announced that the first two boats of a series of eight luxury passenger ferries destined for Qatar, have been completed and delivered to the customer. BMT worked closely with Ares Shipyard to produce an innovative design with p
Damen Shipyards Galati, Romania, has launched a new ASD Tug 3212 for the Kuwait Oil Company’s (KOC). The ceremony marks the first in a 14-terminal tug contract between the two companies whose working relationship spans more than 25 years. In detail, the contract comprises nine units based on success
Drydocks World has signed an Agreement with Malta Oil & Gas Ltd. for building two unique jack-up drilling rigs based on Gusto MSC CJ54-X135-A design. The Agreement was signed by His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World and Mr. Paul Robert Thomson of Malta Oil &
The International Labour Organization (ILO) in Geneva has today agreed in principle two key proposals for amendments to the Maritime Labour Convention (2006) (MLC) which will give seafarers better protection under the Code for repatriation and ship-owners’ liability. Global maritime welfare charity
Fearnleys Weekly newbuilding report said that in total 7 ships were ordered last week. The market seems to be «out for lunch» for the time being with just a few fresh contracts hitting the headlines. Croatian yard Uljanik secured a pair of MR type product carriers from domestic owners. In another MR
The International Union of Marine Insurance (IUMI) has released its Spring Statistics which found the percentage of total hull losses have fallen to a record low. The figures which are the most comprehensive study into hull, cargo and energy insured losses available reported the frequency of total l
On 1st July 2014, the International Convention for the Safety of Life at Sea (SOLAS) will be amended to make the ‘Code on Noise Levels Onboard Ships’ mandatory for new vessels. IMO recognizes that high noise levels onboard ships could affect seafarers’ health and impair the safety of the ship. The p
Austal Limited (Austal) has been awarded a contract from the Abu Dhabi National Oil Company (ADNOC) to design and construct two 45 metre high speed catamaran ferries. The contract is valued at approximately $30 million. The high speed ferries will be designed and constructed at Austal’s Philippines
The global shipping industry, represented by the International Chamber of Shipping (ICS), BIMCO, Intercargo, Intertanko, World Shipping Council (WSC), CLIA and IPTA, has voiced continuing concern about serious implementation problems associated with the IMO Ballast Water Management (BWM) Convention.
Two Missing after Ship Collision off Spain Singapore-flagged car carrier Baltic Breeze collided with a Spanish fishing vessel near the Port of Vigo, Spain Tuesday morning. Universal Marine Orders Four Boxships Dutch shipper Universal Marine has placed an order, its biggest yet, for four 2,350 TEU co
Dubai-based shipper, Gulf Navigation has lost an arbitration case in the United Kingdom related to the dispute with Chinese shipbuilder Jin Hai Heavy over the shipbuilding contract for two very large crude carriers (VLCCs). The contract for two VLCCs dates back to 2011 and concerns a group of Chines
