Japanese shipping company Kawasaki Kisen Kaisha, Ltd. (K Line) held a naming ceremony for a newly-built liquefied natural gas carrier at Sakaide Shipyard of Kawasaki Heavy Industries, Ltd. (KHI) today. The 164,700m3 Moss-type (independent spherical tank) vessel was named Bishu Maru by the President
Liquefied natural gas (LNG) shipping company Golar LNG Limited reported today a 3Q operating loss of USD 24.2 million as compared to USD 43.4 million in 2Q. In line with the company’s expectations, 3Q reported an improvement in vessel utilisation, albeit from a very low level in 2Q. Although headlin
Scorpio Tankers Inc. has decided not to exercise its options to construct an additional four MR product tankers, expiring in December. The company has currently contracted for 12 newbuilding product tankers, eight MR and four LR2 tankers. The four LR2s are expected to be delivered in 2016, and the e
Danish shipping company TORM has signed a purchase agreement for four fuel-efficient LR2 newbuildings with Chinese shipbuilder Guangzhou Shipyard International (GSI) The newbuildings are expected to be delivered in the period between the fourth quarter of 2017 and the second quarter of 2018. The agr
The first part of the new cruise ship Genting Dream, being built for Genting Hong Kong’s new cruise brand Dream Cruises, has been floated out of Meyer Werft’s building dock at Papenburg, Germany, on Saturday. The first of the vessel’s two section was moored for fitting and will be joined with the se
MV Suilven Sinks off Suva, Crew Members Saved At least 30 crew members were saved after a 1974-built vehicle ferry MV Suilven sank off the coast of Suva Fiji this afternoon according to local media… Read More CMA CGM’s APL Buy Would Set a Record in Container Shipping The proposed acquisition of Sing
Copenhagen-based shipping company Thorco Shipping has acquired five tweendeckers to replace some of the older tonnage in its fleet. Thorco will later this year replace four green type vessels which have turned 15 and 16 years with the new vessels, the first ones being scheduled for delivery mid-Dece
Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry Co. hosted a ship naming ceremony for a 64,000 DWT bulk carrier owned by German shipping company Conti. The yard said that the bulk carrier in question bears the hull number HT 64-157, but did not disclose the new name of the ship. The newbuild
The Indian government has announced a number of indirect tax incentives for the country’s shipbuilding industry in an attempt to boost indigenous vessels program. These incentives, dated November 24, include exemption from customs and central excise duties on all raw material and parts for use in th
Canadian ferry operator BC Ferries held a naming ceremony for its first Salish-Class vessel at Remontowa Shipbuilding S.A. in Gdansk, Poland earlier this week. The new ferry, christened Salish Orca, will replace the 50-year-old Queen of Burnaby on the Comox – Powell River route after it joins the BC
Croatian shipbuilder has started the preliminary construction work on Algoma Central Corporation’s (Algoma) three, 740 foot Seaway Max self-unloading bulk freighters, as the shipyard has been officially cleared to implement the project. “Under the terms of the conditional contracts announced by Algo
Finnish dry bulk shipping company ESL Shipping has revealed plans to order two large LNG-fuelled bulk carriers from Chinese shipbuilder Sinotrans & CSC Qingshan Shipyard. The two 25,600 DWT vessels are set to start operating in the Baltic Sea in early 2018. The total value of the investment is appro
Norwegian shipbuilder Havyard Ship Technology will name its newest icebreaker Aleut at Skoltekaien quay in Bergen on Saturday. Featuring a length of 86 meters and a width of 19,5 meters, Aleut is designed and built to operate under extreme arctic conditions. Havyard said that the icebreaker class sh
South Korean medium-size shipbuilder ShinaSB Yard has filed for bankruptcy after being on life support since April 2014, according to local media. Namely, the company filed for bankruptcy with the Changwon District Court earlier this week after it had failed to find buyers on three separate occasion
