Harmony of the Seas in Disharmony? A number of media reports hit the headlines this week claiming that Harmony of the Seas, the biggest cruise ship in the world, was not ready to set sail yet… Read More Interview: Who Will Gain the Most from Expanded Panama Canal? The container shipping sector is br
South Korean shipbuilder Hyundai Heavy Industries (HHI) seems to be on the road of recovery since it has been linked to up to orders for four newbuilds. Namely, Arab Maritime Petroleum Transport Company (AMPTC) has placed an order at the shipbuilder for two 158,000 DWT Long Range 3 tankers priced at
Frontline has bought four Very Large Crude Carrier (VLCC) newbuilds from Greek Metrostar Management Corporation, according to the latest data provided by VesselsValue. The resale deal covers 308,000 DWT quartet under construction at South Korean shipbuilder Hyundai Heavy Industries. As disclosed, Fr
Danish manufacturer Marine Exhaust Technology, part of ME Production, has completed the installation of an exhaust gas cleaning system (EGCS) on DFDS’ RoRo vessel Finlandia at Fayard shipyard in Denmark. The video above shows the open loop scrubber system being retrofitted in the existing funnel of
This year’s Posidonia maritime exhibition will see a 15 percent growth in size, hosting over 1,800 exhibitors from 89 countries and some 20,000 expected visitors, according to the organizers of the event. “The growth of Posidonia is the result of the resilience of the Greek shipping industry which h
Canadian ferry operator BC Ferries held a naming ceremony for its second and third Salish-Class vessels, the Salish Eagle and Salish Raven, at Remontowa Shipbuilding S.A. in Gdansk, Poland on June 2. “This ceremony marks a major milestone in the construction of our three new Salish-Class vessels as
A total of six vessels will soon land on the beaches of the substandard South Asian shipbreaking yards in Bangladesh as a number of owners sold their ships to scrap on June 1, according to data provided by VesselsValue. Built at shipyards in South Korea, Germany and Japan, the vessels, ranging from
Taiwanese shipbuilder CSBC Corporation has won a contract to build two 1,800 TEU container vessels for Prevalence Holding Limited. Under the contract signed on May 31st, the company also has an option for construction of an additional feeder vessel of the same size. The two container ships are due f
Singapore-based offshore marine company Otto Marine Limited said today that an undisclosed party is looking to buy the company. Namely, the company has received a letter from RHB Securities Singapore acting as a financial adviser of an unnamed buyer and informing that that buyer is interested in the
South Korean shipping company KSS Line has placed an order for three small eco-friendly oil/chemical tankers at its compatriot shipyard Dae Sun Shipbuilding and Engineering Co. Under the agreement, signed between the parties on May 31, the SUS chemical tankers will have a capacity of 3,500 dwt, acco
Hong Kong-listed investment holding company CIMC Enric Holdings Limited has terminated its plans to acquire Sinopacific Offshore and Engineering, majority owned by Sinopacific Shipbuilding Group. CMIC Enric signed a memorandum of understanding on 15 August, 2015 with Sinopacific and SOEG to acquire
Prompted by a sluggish offshore oil and gas industry, the Oslo-listed ship owner Deep Sea Supply PLC has decided to look for profits elsewhere as it entered into an agreement with Norwegian seafood company Marine Harvest to establish a 50/50 owned aquaculture shipping joint venture. According to the
South Korean “Big Three” shipbuilders seem to have caught the last train to avoid bankruptcy as they battle industry headwinds, especially with 2016 turning out to be one of the toughest years for the shipbuilding industry yet. Specifically, two of the country’s trio, Hyundai Heavy Industries (HHI)
Major shipbuilding nations will be put to the test during 2016, as the shipbuilding industry enters one of the toughest years in recent history, according to IHS Maritime & Trade. Competition between shipbuilding nations is expected to intensify as a consequence of diversification in other sectors.
