Greece-based dry bulk shipowner Safe Bulkers has sold two Panamx vessels to entities controlled by Polys Hajioannou, the company’s Chairman and Chief Executive Officer. The vessels in question are the Stalo, an 87,000 dwt Post-Panamax vessel built in 2006, and the Kypros Unity, a 78,000 dwt Panamax
Bergen-based shipping and tank terminal company Odfjell has reported a drop in 2015 net loss to USD 36 million, including negative effect from bunker derivatives of USD 64 million, compared with a net loss of USD 75 million in 2014. Net loss of the quarter stayed at USD 18 million, the same as in th
Six new Very Large Crude Carriers indicate that 2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, according to BIMCO. The six new VLCCs were delivered in a strong winter market. Having reduced sl
A total of sixteen new gas carrier ships being built in Japan for Japanese owners are to be powered by Wärtsilä dual-fuel engines capable of running on liquefied natural gas (LNG) or conventional diesel fuels. The contracts for 20 nine-cylinder, 25 six-cylinder and 16 eight-cylinder Wärtsilä 50DF du
Today we look at an infographic showing Top 10 Shipowning Nations by Value (USD Millions), including the percentage change difference against 2015, provided by VesselsValue. This year the order may not have changed but the stand out winner appears to be Denmark, being the only country to increase in
Edison Chouest Offshore, an offshore energy service and supply company, is locating shipbuilding operations at the Port of Gulfport in Gulfport, Miss. Edison Chouest Offshore’s new Gulfport operations, TopShip, LLC, will be located at the Port of Gulfport’s new inland port. The company will be opera
Navig8 Chemical Tankers Inc. has returned to profit reporting a net income of USD 9.1 million for the three months ended December 31, 2015, an increase of USD 11.1 million from a net loss of USD 2 million in the corresponding period last year. For the twelve months ended December 31, 2015, the compa
The hull assembly of Tallink’s new fast ferry Megastar started today at the Meyer Turku shipyard. The ferry will feature environmentally friendly LNG propulsion and a new hull designed by Meyer Turku, resulting in much less water resistance and easy sailing in icy conditions, the ship owner said. “O
The Majestic Princess, owned by Princess Cruises, the first cruise ship built and designed specifically for the China market, is debuting an elegant new livery design featuring the company’s iconic logo. The new livery design will roll out fleetwide over the next few years. The design symbolizes the
Finland-based Meyer Turku Yard has confirmed a contract with TTS Marine AB for delivery of access equipment to their fifth and sixth newbuildings for TUI Cruises, to be named Mein Schiff 7 and Mein Schiff 8. TTS Marine AB has delivered similar equipment to the yard’s and TUI’s recent four newbuildin
The third Royal Princess class vessel built for the California-based cruise operator Princess Cruises, a brand of the Carnival Group, was launched today at Fincantieri’s shipyard in Monfalcone. Scheduled to be delivered in April of 2017, the vessel, named Majestic Princess, will now undergo interior
Jacksonville-based Crowley Maritime Corp. christened the second of four new, Jones Act product tankers on February 4 at the South Florida Petroleum Terminal (The Public Dock) in Fort Lauderdale. The 50,000 dead-weight-ton (dwt), 330,000-barrel-capacity Texas joins sister ship Ohio, which was christe
Gallery: SMIT Salvage Team Boards Modern Express, Attaches Tow Line The four-member salvage team of SMIT Salvage has managed to board the drifting car carrier Modern Express earlier this morning and set up a tow line, French Maritime Author… Read More Bahrain, Saudi Arabia Ban Iranian Ships from The
The DP2 cable installation vessel Maersk Connector, built at Damen Shipyards Galati in Romania, was handed over to its owner Maersk Supply Service on February 4, 2016. The latest addition to the 50-plus strong Maersk offshore support vessel fleet, Maersk Connector is going directly on a long-term ch
