Owner and operator of bulk carriers Scorpio Bulkers Inc. has entered into agreements to sell two Capesize dry bulk vessels and four newbuilding Capesize dry bulk vessels under construction for approximately USD 227 million. Two of the Capesize vessels were constructed in China and delivered to Scorp
Liquefied petroleum gas shipping company Dorian LPG has taken delivery of ECO very large gas carrier (VLGC) Copernicus from Daewoo Shipbuilding and Marine Engineering. With the capacity of 84,000 cbm, the Copernicus is Dorian LPG’s seventeenth newbuilding delivery. According to the company, the vess
American Shipping Company (AMSC) said that it has closed its previously signed agreement for USD 450 million refinancing of its secured vessel debt. The refinancing is structured in two separate facilities; one being a USD 300 million facility secured by eight vessels with a syndicate of three banks
Bermuda-based crude oil tanker company DHT Holdings took delivery of a very large crude carrier (VLCC) newbuilding on November 23 from South Korean shipbuilder Hyundai Heavy Industries. The new 299,900 dwt VLCC vessel, named DHT Jaguar, has already entered the spot market. DHT Jaguar is the first of
The Korean government has lifted the ban on construction of the five liquefied petroleum gas (LPG) carriers at Daewoo Shipbuilding and Marine Engineering’s (DSME) Okpo yard, imposed earlier this month following another fatality at the yard. The decision was announced by the regional unit of the mini
Taiwanese shipping company Evergreen is ordering ten 2,800 TEU container ships from Japanese shipbuilder Imabari Shipbuilding Co.,Ltd and compatriot CSBC Corporation. Under the deal, announced by Evergreen in a stock exchange filing, the company will order five container vessels at Imabari, assignin
Swedish cargo transporter Gothia Tanker Alliance has ordered four newbuilding intermediate product/chemical tankers with LNG propulsion. Partners of the alliance, Furetank Rederi AB, Rederi AB Älvtank and Thun Tankers BV, have hired Avic Dingheng Shipbuilding Ltd. for the construction of the 16,300
Hong Kong-based ship manager Dalian Sincere Nice has ordered two 6,600 dwt general cargo ships from Chinese shipbuilder Hubei Huahai Heavy Industry, as reported by local media. According to the company, the contract was signed for two firm orders and one optional. The vessels will be around 100 mete
Danish shipping company Norden has sent its new Supramax Dry Cargo vessel Nord Missouri on its maiden operation. The vessel was delivered to the company from Mitsui Engineering & Shipbuilding Co.(MES), Chiba, Japan. Nord Missouri departed the shipyard at 16:00 local time, November 25, on her maiden
France-based LNG containment manufacturer GTT and compatriot shipyard Chantiers de l’Atlantique have decided to put an end to their dispute. Namely, the two companies have agreed to dismiss all lawsuits opposing the two sides since 2006. The settlement agreement, signed on November 25, includes Chan
All the Chief Executive Officers (CEOs) of the South Korean shipbuilding giant Hyundai Heavy Industries (HHI) will forego their salaries as part of cost cutting measures aimed at restructuring the group and returning back to profit. The measure will include returning of up to 50 percent of directors
German marine fuel supply company Bomin Linde LNG has entered a joint venture agreement with SGD logistika, a subsidiary of Lithuanian Klaipėdos Nafta, to operate a new LNG bunkering carrier. Following the agreement, SGD logistika and Bomin Linde LNG plan to establish a joint venture in Germany. Bom
Norway-based dry bulk shipping company Golden Ocean Group Limited has agreed to sell two of its newbuilding contracts at Chinese shipyard New Times Shipbuilding Co. Ltd to Frontline Ltd. Under the initial contract the two 157,500 dwt ships were supposed to be Capesize bulkers, but Golden Ocean decid
Swedish tanker shipping company Stena Bulk has placed an order for three 50,000 dwt IMOIIMAX MR tankers with the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME) in Guangzhou. The company said that it has also taken out an option on a further two vessels. The total value of the order i
