Singapore-based Triyards Holdings Limited has seen its net profit increase by 10% to USD 5.3 million for the quarter ended February 29, 2016, compared to the USD 4.9 million recorded in same period a year earlier. For the six-month period, the company saw a decrease of 9% in its net profit, which fe
Geneva-based cruise line MSC Cruises has signed a letter of intent for four more World Class cruise ships to be built at STX France’s shipyard in Saint Nazaire, the cruise company confirmed. Featuring a weight of 200,000 gross tons, the ships will be fueled by liquefied natural gas (LNG) and have th
Italy’s shipbuilder Fincantieri launched the construction of the fourth of six cruise ships for Viking Ocean Cruises at its Ancona shipyard with a keel laying ceremony held today. The new cruise vessel, named Viking Sun, is scheduled for delivery in 2017. The first building block of the ship, about
Korean shipbuilder Hyundai Heavy Industries (HHI) is said to be on the brink of winning a potential order for three 14,500 TEU container ships from Iranian shipping company IRISL. IRISL, which is reportedly in talks with the HHI and some other yards in both Korea and China, is expected to pay USD 12
The interest of the shipbuilding players and owners in building and ordering bulkers in 2016 has subsided as shipyards believe they can earn more from constructing other types of ships as they are more profitable, such as tankers for example. On the other hand, the best time to invest in modern bulk
Miami-headquartered cruise company Carnival Corporation & plc. is seeking to employ thousands of crew members on its new fleet additions. The ships in need of the new workforce include the recently-delivered Koningsdam built by Fincantieri and AIDAprima built by Mitsubishi Heavy Industries (MHI), al
MacGregor, part of Cargotec, a Finnish provider of cargo-handling machinery for ships, has secured contracts to supply loose lashing equipment for twelve 19,200 TEU container vessels under construction in South Korea for an undisclosed European owner. The equipment is planned for delivery during 201
German shipbuilder MEYER WERFT hosted on Tuesday the keel laying ceremony for Norwegian Cruise Line’s (NCL) first ever ship styled exclusively for Chinese guests, the Norwegian Joy (Xǐ Yuè Hào), arriving in summer 2017. During the ceremony, the first of 80 blocks that will comprise the 168,800 gross
Nordic American Tankers (NAT) will buy new vessels only when ‘the time is right’, the company’s Chairman & CEO, Herbjørn Hansson said, adding that NAT was constantly assessing vessels offered on the market. “Our management does not have a fee incentive to grow indiscriminately. Some companies engage
Italian shipbuilder Fincantieri held a keel laying ceremony of the new unit for Miami-based Carnival Cruise Line, brand of Carnival Corporation, at its Marghera shipyard today. According to the shipbuilder, the new vessel is scheduled to hit the water in 2018. Featuring a weight of 133,500 gross ton
Danish naval architect company KNUD E. HANSEN has revealed three new container feeder vessel designs it has been working on over the recent period. The first in the series of three designs relates to a 2,000 TEU vessel that was conceived of to specialise in calling at small, narrow, up-river ports,
The highly anticipated recovery of the shipbuilding industry seems to be far off for the world’s leading shipbuilding nation as only nine orders have been placed at South Korean shipbuilders during the first quarter of the year. The companies that did manage to brave the storm and secure some work s
Shipping’s only legally binding climate measure is not stimulating the uptake of new technologies or driving efficiency improvements, according to a new independent study entitled Historical Trends in Ship Design Efficiency made for Clean Shipping Coalition (CSC) by CE Delft, a research and consulta
Private security personnel of Kabir Steel shipbreaking yard, located north of Bangladesh’s major port city, Chittagong are reported to have fired shots and injured seven people protesting outside the yard. The group of shipyard workers and a deceased worker’s family members gathered outside the yard
