Greece-based tanker owner and operator Top Ships has secured financing for the company’s sixth and final newbuilding vessel, the 50,000 dwt fuel efficient “ECO” MR product tanker, M/T Nord Valiant. Namely, the company said that it entered into a senior secured facility with an undisclosed northern E
Greek owner and operator of dry bulk and container ships Euroseas Ltd. has terminated the order for the first of its Ultramax vessels, Hull Number DY 160, under construction at Sinopacific Shipbuilding’s Dayang yard in China. The company said that the vessel was cancelled due to excessive constructi
Greek shipping company Samos Steamship Co. has extended its cooperation with Qatar’s shipyard Nakilat-Keppel Offshore Marine (N-KOM) as the parties entered into a fleet agreement. Under the fleet agreement, N-KOM will be the preferred shipyard in the Middle East for repairs of all vessels owned by t
Norwegian company Kongsberg Maritime will undertake Engineering, Procurement, Construction & Installation (EPCI) contracts for two 100-meter ferries, which will be built for UK’s ferry owner Caledonian Maritime Assets Ltd (CMAL). Under the contracts, worth some USD 18.9 million, Kongsberg Maritime w
The Italian cruise line Costa Crociere, part of Carnival Corporation, has decided to buy a 33% share in Chantier Naval de Marseille shipyard, as the company signed an agreement for the development of a ship repair and conversion center with Genoese San Giorgio del Porto company. The agreement betwee
The United States Coast Guard and DNV GL signed a memorandum of agreement (MOA) authorizing DNV GL to participate in the Alternate Compliance Program (ACP) and delegated certain survey and certification services for U.S. flagged vessels. “With the signing of this memorandum, DNV GL is undertaking a
Seoul Central District Court launched the corporate turnaround process at the South Korean shipbuilder STX Offshore & Shipbuilding Co. on August 1, after the company filed for court receivership in May, 2016. The cash-strapped shipbuilder, which opted for the move after its creditors decided to end
A sail-away ceremony for the Floating Storage Unit (FSU) Armada LNG Mediterrana, which will be dispatched in the coming days to Malta, was held at Keppel Shipyard’s facilities in Singapore on August 1. Owned by Malaysia-based offshore oil & gas services provider Bumi Armada, the 125,582 cbm Armada L
Antwerp-based tanker owner and operator Euronav NV has decided to further expand its fleet as it purchased two newbuilding resale vessels from the Greek ship operator Product Shipping and Trading SA on July 27, data provided by VesselsValue shows. The two vessels in question are Very Large Crude Car
Oil and gas transporter BW Group has ordered two oil tankers at South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (DSME), the company confirmed to World Maritime News. “Some of our VLCCs have spent many years at sea, and this latest purchase is part of our regular fleet renewal program,” a
Miami-based cruise ship company Carnival Cruise Line, part of Carnival Corporation, has revealed the name of its new 133,500-ton ship, Carnival Horizon, which is scheduled for delivery in March 2018. Currently under construction at Fincantieri’s shipyard in Marghera, Italy, Carnival Horizon will be
USD 43.8 Bn Fleet Awaiting Delivery in 2016 During the first half of 2016, some USD 28.4 billion worth of vessels have been delivered to their respective owners, while over USD 43.8 billion worth of ships is left on the orderbook to be delivered by year’s end… Read More Alphaliner: Weak Earnings Lea
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) said that an order worth KRW 1.58 trillion (USD 1.42 billion) has been cancelled. According to the company’s stock exchange filing, the order was for one fixed oil production platform, placed in 2013 by a European ship
A large scale tri-party engineering contract for the design of a Global Class mega passenger ship, to be built for the Hong Kong-based cruise line Star Cruises, was signed on July 28. MV Werften, a group of three of the largest shipyards in the Germany, Engineering and consulting company Elomatic Lt
