Japanese shipbuilding woes continued in May as well, as the country’s shipyards secured just eight export orders, totaling 290,400 gross tons, according to data released by Japan Ship Exporters’ Association (JSEA). The number of export orders more than halved during May, compared to the 17 export or
Australian shipbuilder Austal has secured a contract to design and construct a 109-meter vehicle passenger (RoPax) for Danish ferry operator Mols-Linien. The awarded AUD 100 million (approx. USD 74 million) contract is Austal’s fourth new commercial ferry contract in the past month. The newbuild wil
Finnish shipbuilding company Rauma Marine Constructions (RMC) has been awarded a contract to build a 158-meter long passenger-car vessel for the Danish ferry operator Mols-Linien, which marks the first shipbuilding order for this shipyard since its establishment in 2014. The order’s market value is
Chinese COSCO (Zhoushan) Shipyard, a subsidiary of COSCO Shipyard Group, has delivered a 111,000 dwt oil tanker to John Fredriksen-controlled oil tanker shipping company Frontline Ltd. Featuring a length of 252 meters and a width of 44 meters, the new Marshall Islands-flagged vessel was named Front
After experiencing cost overruns in its cruise ship sector, Japanese shipbuilder Mitsubishi Heavy Industries (MHI) is now reviewing its future position in the cruise shipbuilding industry, The Financial Times said. MHI has been discussing its future involvement in cruise shipping with its customers,
The Netherlands-based BigRoll Shipping has taken delivery of the second MC Class vessel, the BigRoll Bering. The BigRoll Bering was delivered on June 17 by Chinese Cosco Dalian Shipyard. The vessel will immediately enter into a multi-year contract with Yamgaz, the consortium of Technip, JGC Corporat
Taiwan’s shipping company Wan Hai Lines has decided to expand its fleet as it ordered eight new containerships from a Japanese shipbuilder, according to the company’s stock exchange filing. The eight vessels, which will feature 1,900 TEUs, are worth between USD 212 million and USD 326 million. Wan H
Liquefied natural gas (LNG) shipping company Golar LNG Limited has teamed up with private equity firm Stonepeak Infrastructure Partners to set up a joint venture company in an effort to grow in the FSRU and LNG fueled power market. The 50/50 joint venture company, Golar Power Ltd, will offer integra
Monaco-headquartered owner and operator of liquefied natural gas (LNG) carriers GasLog Ltd. has launched a debt financing of USD 1.05 billion with a number of international banks to re-finance six legacy vessel facilities. The company said that the re-financing covers eight on-the-water vessels, whi
The financially troubled South Korean shipbuilder Hyundai Heavy Industries (HHI) could be hit by another hurdle as the company’s unionized workers are planning to launch a strike, according to The Korea Times. Namely, the workers said that this year’s wage negotiations with the company are behind th
COSCO Vessel Sets Sail to Make History in Panama The Neopanamax container vessel COSCO Shipping Panama has set sail from the Greek Port of Piraeus on its way to Panama where it will make the inaugural transit of the Expanded Panama Canal… Read More DSME Workers Vote for Walkout The unionized workers
South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) stayed at the top of the list in terms of the balance of order backlog for 19 consecutive months, The Korea Economic Daily reported. The shipbuilder’s current backlog stands at 111 vessels, representing over 7.47 milli
Russia’s largest shipping company SCF Group (PAO Sovcomflot) and its compatriot VTB Bank signed a USD 260 million loan agreement to finance the construction of an Arctic LNG tanker for the Yamal LNG project. The new tanker will be able to carry up to 172,600 cubic metres of liquefied natural gas (LN
Russia’s shipbuilder Baltic Shipyard launched the largest nuclear-powered icebreaker Arktika on June 16 in Saint-Petersburg, according to the company. As the first vessel in a series of three of the Project 22220, Arktika is set to replace nuclear ships of the previous generation. The project, which
