Connecticut-based owner and operator of liquefied petroleum gas (LPG) carriers Dorian LPG has taken delivery of ECO very large gas carrier (VLGC) Challenger from Hyundai Samho Heavy Industries. The 84,000 cbm Challenger will trade in the Helios LPG Pool, according to the company. The vessel is Doria
Finnish shipbuilder Arctech Helsinki Shipyard held a naming ceremony today for the new-generation icebreaker named Polaris. The nearly 110 metres long icebreaker will be powered by both diesel and liquefied natural gas (LNG), which will significantly reduce both carbon emissions and fuel costs. Upon
Italian shipbuilder Finactieri has held a keel laying ceremony today at its Sestri Ponente yard in Genoa, for the Silver Muse, an ultra-luxury cruise ship which Fincantieri is building for Monaco-based cruise company Silversea Cruises. Finacantieri cut the first steel of the ship in July. Silver Mus
Bergen-based supplier of equipment for marine and oil and gas industries TTS Group ASA has signed two supply contracts to equip four car/truck carriers and three cruise vessels with cargo and passenger access equipment. The contracts have a total order value of about USD 41,5 million (NOK 360 millio
Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, has signed a “Memorandum of Understanding (MOU) for the Establishment of Industrial Cluster for Localizing Marine Equipment Between Marine Equipment Manufacturing and Supply Companies” in Ulsan. Under the MOU, HHI will join forces with
Greek dry bulk ship owner Diana Shipping has signed time charter contracts for two of its vessels, namely its Newcastlemax dry bulk vessel M/V Los Angeles and its Panamax dry bulk vessel M/V Danae. The 206,104 dwt Newcastlemax bulker will work for SwissMarine Services S.A., Geneva, at a gross charte
P&O Repasa, a new company formed by the acquisition of the majority of the shares in Spanish towage firm Repasa by P&O Maritime, has taken delivery of Damen’s Fast Crew Supplier 5009 Red Eagle which will be operated from Malabo on Bioko Island, Equatorial Guinea. According to Damen, the Red Eagle wi
Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry Co has received an order from an unnamed German owner for up to eight 74,000 DWT LR1 oil tankers. As disclosed by the shipyard, the contract has been signed for two firm newbuildings and up to 6 additional units. The vessels will be built in Ha
About 100 LNG carriers and between 4,000 and 5,200 mariners would be needed to transport the five U.S. facilities’ full capacity of LNG once the five are fully operational, according to the U.S. Government Accountability Office (GAO). The US Department of Energy (DOE) projects that in the next few y
Greek dry bulk shipping company Diana Shipping Inc. has entered into two addenda with China Shipbuilding Trading Company and Jiangnan Shipyard (Group) Co., Ltd. to extend the delivery dates of the two Newcastlemax dry bulk carriers by approximately five months. The expected delivery dates are now in
South Korean shipbuilder STX Offshore & Shipbuilding Co. is likely to receive a financial aid from its creditors worth KRW 450 billion (USD 385 million) in exchange for a massive cut in workforce, Yonhap news agency reports. The creditors, led by the state-run Korea Development Bank (KDB), are to me
Danish owner and operator of gas carriers Evergas has signed a contract for construction of four INEOS MAX 32,000 cbm liquefied ethane/ethylene carriers with Chinese JHW Engineering & Contracting, a subsidiary of Jaccar Holdings. The contract also provides for construction of two optional vessels, E
In today’s spotted we present you with a new 28K dual-fuelled multi-purpose vessel (MPV) design developed by China’s Nantong COSCO KHI Ship Engineering Co. (NACKS) and Lloyd’s Register. The design is an evolution of NACK’s 28K MPV design, fitted with a 500m3 Type ‘C’ LNG fuel containment system loca
LPG shipping rates are expected to decline from the second half of 2016 as a bloated orderbook for very large gas carriers (VLGCs) fuels fleet growth that will far exceed shipping demand, according to the latest edition of Drewry’s LPG Forecaster. VLGC earnings have had another stellar year, averagi
