India’s Cochin Shipyard Limited is looking to design and construct small-scale liquefied natural gas (LNG) carriers as the shipbuilder signed a Memorandum of Understanding (MoU) with M/s Engineers India Limited on the project. Signed on October 16 in Kochi, the MoU is part of the initiative under th
Greek ship owner and operator Byzantine Maritime Corp. has decided to enter the tanker market as it placed an order for an LR2 tanker at South Korean shipbuilder Daehan Shipbuilding, according to data provided by VesselsValue. Featuring 114,900 dwt, the ECO tanker is scheduled to join its owner in 2
After the Danish shipping company Maersk admitted to duplicity in vessel recycling, the NGO Shipbreaking Platform’s Executive Director Patrizia Heidegger has called on “the world’s leading ship owner to become a true leader for clean and safe ship recycling.” In order to do so, Heidegger said that t
Canadian ferry operator BC Ferries has finished wrapping its new vessel Salish Orca in a massive decal in Poland. Being built at Remontowa Shipbuilding S.A. in Gdansk, the vessel will be the company’s first liquefied natural gas- (LNG) powered ferry, capable of operating on either LNG or Ultra Low S
UK shipbuilder Cammell Laird has held a keel laying ceremony for the new GBP 150 million (USD 183.5 million) polar research vessel at Birkenhead site in Liverpool City Region. The new ship is named after David Attenborough, English broadcaster and naturalist who started the keel laying process by in
Danish shipping giant Maersk Line has admitted that its own contracts from divestments “have not always guaranteed the intention” of the company’s recycling policy, according to Annette Stube, Head of Maersk Group Sustainability. The company has thus tightened its procedures and contract requirement
Malaysian Boustead Heavy Industries Corporation Berhad’s (BHIC) subsidiary Boustead Penang Shipyard (BPS) and its compatriot shipowner Sealink International Berhad have settled a four-year dispute over a shipbuilding contract, with Sealink accepting a sum of USD 1.5 million. The arbitration, which s
Germany-based shipowner and operator Oldendorff Carriers confirmed that it purchased a total of eight vessels since August 2016. Namely, the company said that it bought 3 Babycapes and 5 Post Panamax bulk carriers to supplement its owned fleet. The company’s latest purchase includes the 2011-built P
Dutch shipbuilder Ferus Smit has launched Symphony Performer, the first in a series of two ECOBOX DP2 long range supply vessels being built for its compatriot shipping company Symphony Shipping. The 10,500 dwt ship was launched at Ferus Smit’s shipyard in Leer, Germany, on October 14, 2016. Featurin
Greek shipping company Metrostar Management Corp has decided to sell two 308,000 dwt Very Large Crude Carriers (VLCC) on order at South Korea’s shipbuilder Hyundai Heavy Industries, according to data provided by VesselValue. The vessels, Cude Med and Crude Progress, were sold to Metrostar’s compatri
Engineering and project management consultancy Royal HaskoningDHV UK and South Korea’s Hyundai Engineering & Construction have been selected to perform the Front-End Engineering Design (FEED) for the infrastructure of a maritime yard in Ras Al-Khair, Saudi Arabia. According to Royal Haskoning DHV, t
Norwegian ship owner Ocean Yield ASA has reached an agreement to cancel the final of three newbuilding Liquefied Ethylene Gas (LEG) carriers which were ordered from China’s shipbuilder Sinopacific Offshore & Engineering in May 2014. Ocean Yield has paid USD 16.2 million in pre-delivery instalments t
Drewry: Container Carriers Still Face High Risk of Failure Privately-owned container carriers could risk losing shippers’ trust if they do not provide any data on their level of indebtedness and balance sheet strength, according to shipping consultancy Drewry… Read More Trafigura Sells Five Tanker N
Tanker owner and operator Frontline has entered into an agreement to terminate contracts for four Very Large Crude Carrier (VLCC) newbuildings previously ordered from South Korea’s shipbuilder STX Offshore & Shipbuilding. The contracted price of these vessels, which were due for delivery in 2017, wa
