Australian livestock ship owner and operator Wellard Group added to its fleet the M/V Ocean Shearer, a livestock carrier, on April 28. The vessel was handed over to the company in Dalian, China after it was completed and commissioned by the COSCO shipyard. The M/V Ocean Shearer is an improved versio
In an effort to speed up the South Korea government’s restructuring plan targeting the financially troubled shipbuilding segment, the country’s shipbuilder Samsung Heavy Industries has been urged to devise a number of self-rescue measures, Yonhap news agency reports. The state-run Korea Development
Dry bulk shipping company d’Amico Dry, a subsidiary of Italian d’Amico Group, has decided to cancel two more vessels which were on order with China’s Yangfan shipyard. “During 2015 the fifth and sixth newbuilding of a series of six vessels ordered at the shipyard were already switched in new orders
Bermuda-based crude oil tanker owner and operator DHT Holdings has sold its 2001-built Suezmax DHT Target to an undisclosed buyer for a price of USD 22.5 million, the company said. DHT Holdings said that the move was made in support of its fleet renewal program, and that its final Suezmax vessel, wh
The Netherlands-based Damen Shipyards Group and its compatriot GustoMSC are joining forces in order to produce a range of self-propelled and non-self-propelled jack-up platforms for the offshore industries – the DG JACK range, the companies said at this year’s Offshore Technology Conference (OTC) in
South Korea’s top three shipbuilders, Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries, won zero newbuilding orders in April, opening up a possibility of significant restructuring measures, Yonhap News Agency reports. South Korean shipyards won only fiv
A recent debate on stabilizing the economy of Puerto Rico also triggered discussions of exempting the island trade from the Jones Act, which could “bring further investment in vessels built in U.S. shipyards to a standstill,” Crowley Maritime Corporation’s Michael Roberts, senior vice president and
Spanish state-owned shipbuilder Navantia started constructing the first of four Suezmax tankers for compatriot ship manager the Ibaizábal Group. The 156,000 ton ships will be built at Navantia’s yards in the Bay of Cadiz, while some parts are scheduled for construction at the company’s Ria de Ferrol
Damen Schelde, part of Damen Shipyards Group, has officially won a contract to design and build Australia’s new, AUD 529 million (USD 403 million) icebreaker. Australian company DMS Maritime Pty is to project manage the overall ship design and building process, and after that operate and maintain th
Japanese shipping company Mitsui O.S.K. Lines (MOL) took delivery of the liquefied natural gas (LNG) carrier Kumul at Hudong-Zhonghua Shipbuilding in Shanghai on April 29. The 290-meter long vessel, which was ordered by MOL subsidiary Gemini LNG Shipping Limited, is the last in a series of four newb
Dutch shipbuilder Ferus Smit launched Symphony Sun, the fourth of six multipurpose vessels being built for its compatriot shipping company Symphony Shipping BV, on April 29, in Leer, Germany. Symphony Sun features an Ecobox design and a large loading floor for project cargoes, including complete mov
Dutch shipbuilder Damen Shipyards Group has teamed up with the UK-based expedition consultancy Expedition Voyage Consultants (EVC) to develop a specialist small cruise ship with a capacity to carry around 100 passengers whose design will be unveiled in the fall this year. The move comes as a respons
Shell Scraps USD 4.6 Bn FLNG Order at Samsung Heavy South Korea’s shipbuilder Samsung Heavy Industries has received a contract termination for three floating liquefied natural gas (FLNG) units from oil and gas giant … Read More Drewry: Orphaned Carriers Will Have to Find New Partners The formation o
Korea-listed Samsung Heavy Industries (SHI) booked a net profit of KRW 15.9 billion (USD 13.9 million) in the first quarter of 2016, up by 45.9 per cent when compared to the KRW 10.9 billion from the corresponding quarter in 2015. Nevertheless, SHI’s operating profit dropped by 76.8% to KRW 6.1 bn a
