Philly Shipyard, the sole operating subsidiary of Philly Shipyard ASA, has signed a commitment letter with Caterpillar Financial Services Corporation (Cat Financial) for a USD 150 million loan facility to finance the construction of four next generation 50,000 dwt product tankers. The facility will
Singapore-listed Triyards Holdings Limited has secured contracts to build two oil barges worth NTD 716 million (USD 21.82m) from a new client, CPC Corporation (CPC), a Taiwan state-owned oil and gas company responsible for supplying energy to its domestic market. The new contracts stipulate the cons
Russian shipbuilder Vyborg Shipyard PJSC, a corporate member of the United Shipbuilding Corporation, has delivered the newly-built icebreaker Murmansk, project 21900 М. The icebreaker was built by Vyborg Shipyard PJSC in collaboration with Arctech Helsinki Shipyard, by order of Federal Agency of Mar
The end of December and coming holidays are traditionally the time when we look back at the highlights of the ending year. World Maritime News is kicking off the 2015 retrospective with its Top 5 series, the first of which is the list of our 5 most read interviews of the year. Interview: Insufficien
Washington State Ferries is starting off the New Year with construction of a new Olympic Class ferry. Namely, WSF signed a Notice to Proceed last week with shipbuilder Vigor Industrial for work on its fourth 144-vehicle ferry, and work is set to begin in January. Along with the Tokitae, Samish and C
South Korean shipbuilder Hyundai Heavy Industries (HHI) has laid the keel for a 84,000 cbm Very Large Gas Carrier (VLGC) for its compatriot shipping company KSS Line. This is the second LPG carrier HHI started building for KSS this month. The ship, priced at KRW 91.4 billion (USD 76.7m), is due for
Petronas’ first floating LNG facility (PFLNG1) being constructed by South Korean Daewoo Shipbuilding & Marine Engineering (DSME) in Okpo has reached a 95% overall construction progress and will come on stream in 2016, according to Malaysia’s Petronas. “All project updates of the PFLNG1 will be offic
Keppel Offshore & Marine has through its subsidiaries won four contracts worth a total of about S$125 million (USD 88 million) from repeat customers. In Singapore, Keppel O&M’s wholly-owned subsidiary Keppel Shipyard Ltd secured two conversion contracts. The first is for a Liquefied Natural Gas (LNG
Unionized workers of South Korean shipbuilder Hyundai Heavy Industries (HHI) have voted in favor of a tentative agreement reached last week, Yonhap News Agency reports. Over 15,000 votes were cast by the workers on Monday, 58 percent of which supported the wage agreement. HHI and its workers agreed
China’s privately-held shipbuilder New Century Shipbuilding hosted a launching ceremony for two 40,000LTDW crude oil tankers being built for Indonesian state-owned oil and gas company Pertamina. The two ships, are the second and third crude oil tankers Pertamina ordered through its subsidiary Pertam
Finnish engine maker Wärtsilä has signed a contract to provide dual-fuel main engines for a series of 15 inland waterway barges, which will be chartered by Shell Trading Rotterdam (Shell). Under the contract, concluded in December, the barges, being built for Belgium based Plouvier Transport, will f
Still No Sign of MV Thorco Cloud’s Missing Crew The six crew members of the Antigua and Barbuda-flagged freighter Thorco Cloud that went missing after their ship sank in the Singapore Strait in the evening hours of Dece… Read More Dutch Shippers: Container Shipping Alliances Threat to Competition Du
South Korean shipbuilder Hyundai Heavy Industries (HHI) has negotiated a tentative agreement in this year’s protracted wage talks with its unionized workers, according to local media. The company and its workers agreed to freeze the base pay of yard employees and distribute a 100 percent bonus incre
Owner and operator of handysize liquefied gas carriers Navigator Holdings Ltd. entered into a loan agreement with a group of lenders securing USD 290 million to finance purchase of six newbuild gas carriers. The seven-year term loan will be used to finance the purchase of four 35,000 cubic meter eth
