Japanese shipping company Nippon Tussen Kaisha (NYK), the Monohakobi Technology Institute (MTI) and Japan Marine United Corporation (JMU) have agreed on conducting a joint research on a series of 14,000 TEU boxships, including the new NYK Blue Jay. Specifically, NYK has been given permission to prov
Container Shipping: Consolidate or Die? Consolidation in the container shipping industry is happening for the first time in a decade and will likely continue in 2016, according to a new report from AlixPartners… Read More PETRONAS Delays Second FLNG Malaysian oil and gas company Petroliam Nasional B
The Walt Disney Company, Disney Cruise Line has entered into a memorandum of agreement with the Meyer Werft shipyard in Germany to build two additional cruise ships. Each new ship will be approximately 135,000 gross tons – slightly larger than the newest Disney Cruise Line ships, the Disney Dream an
The first floating liquefied natural gas (FLNG) facility of Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) has been named today at its shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) in Okpo, South Korea. “Today, we have pushed the boundaries and turned our technologi
Norwegian-based ship classification society DNV GL has developed a new class notation aimed at helping shipowners to prepare newbuildings for the installation of a scrubber. As DNV GL claims, Scrubber Ready standard ensures that the necessary preparations are in place for a smooth and cost-efficient
Oslo-listed Ocean Yield ASA has taken delivery of the Pure Car Truck Carrier (PCTC) Höegh Tracer of 8,500 car capacity from Chinese shipbuilder Xiamen Shipbuilding Industry Co. Ltd. After being delivered from the shipyard today, the vessel commenced a 12 years “hell and high water” bareboat charter
Italian shipbuilder Fincantieri and Shanghai-based shipyard Huarun Dadong Dockyard (HRDD) have signed a cooperation agreement in the field of ship repair and conversions aimed at serving the cruise ships based in China. The deal, which includes the development of technical skills, project management
Hyundai Heavy Industries (HHI), South Korean shipbuilder and marine engine manufacturer, produced the 10,000th Hi-Touch Marine and Stationary Engine (HiMSEN) installed on a 14,000 TEU containership ordered from Costamare, Greece. HiMSENs are medium speed 4-stroke engines independently developed in 2
Genting Hong Kong, a global leisure, entertainment and hospitality company, has acquired Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of EUR 230.6 million (USD 250 million). The company said that the purchase of the three shipyards, along with Lloy
The industry’s first luxury passenger vessels that are purpose-built for waters previously served by robust but ageing expedition ships are coming to market anent entrance into force of the new Polar Code. The new ice-strenghtened ships will be designed and built so as to comply with the Internation
Vietnamese Pha Rung Shipyard has received an order to build two chemical tankers for a Korean ship owner BS Shipping, according to the shipbuilder. The 6,500 dwt vessels will feature a length of 110 meters and a width of 18 meters. The contract was signed as part of the eighth International Exhibiti
Euroseas Ltd, a Greece-based shipping company, took delivery of its newbuilding Kamsarmax dry bulk carrier Xenia and entered into a two-year time charter for its container carrier Evridiki G. The M/V Xenia was delivered from the China-based Jiangsu Yangzijiang Shipbuilding Co. on February 26. Xenia
India’s gas utility has yet again pushed back the USD 7 million tender for nine LNG carriers, this time for one month. Namely, the bids were due by the end of February, nevertheless the deadline has been postponed until March 31st. As explained by the GAIL ‘s Chairman, BC Tripathi, quoted by the Ind
A crane collapse at the Sembcorp Marine Tanjong Kling shipyard in Singapore caused damage to a jackup rig under construction on February 28. According to the vessel’s owner, the offshore drilling company Noble Corporation, there were reports of minor injuries to some shipyard personnel. Namely, thre
