Connecticut-based liquefied petroleum gas shipping company Dorian LPG took delivery of its sixteenth newbuilt ECO very large gas carrier (VLGC) Chaparral from South Korean shipbuilder Hyundai Samho Heavy Industries on November 20th, 2015. Featuring 84,000 cbm, Chaparral will trade in the Helios LPG
UK-based developer and builder of marine engines Rolls-Royce has signed a contract for the delivery of 12 azimuthing thrusters to Sanmar Shipyard in Turkey, with an option for additional 30 units. The azimuth thrusters from Rolls-Royce will provide propulsion for 6 tugboats, rising to 21 if the opti
Readers’ Picks of the Week (Nov 16th – Nov 20th)
Cork-based Ardmore Shipping Corporation took delivery of two newbuilding product and chemical tankers, the Ardmore Chippewa and Ardmore Seahawk, on November 13, and November 16, 2015, respectively. Ardmore Chippewa is a 25,233 deadweight tonne, Eco-design IMO 2 product and chemical tanker constructe
Chinese shipbuilding enterprise Fujian Crown Ocean Shipbuilding has seen most of its staff leave the shipyard due to unpaid wages amounting to around USD 1.6 million, according to local media. The loss of some 100 yard workers since July 2015 has negatively affected the shipyard’s operations which h
Japanese shipping conglomerate Mitsui O.S.K. Lines (MOL) reported that its group company Ferry Sunflower Limited is moving ahead with plans to construct two large, roll on/roll off passenger (RoPax) ferries. The new 192 meter ferries will be built by Japan Marine United Corporation and delivered in
Athens-based bulker owner and operator Diana Shipping has completed a drawdown of additional USD 27,9 million from its previously announced term loan facility of up to USD 39,6 million with ING Bank N.V., London Branch. The proceeds, completed through Diana’s separate wholly-owned subsidiary, were s
New York-listed dry bulk specialist Scorpio Bulkers Inc has received a commitment from an unnamed European financial institution for a loan facility of up to USD 12.5 million for its final unfinanced vessel. With this move, the company has now either signed credit facility agreements or received com
International classification society Lloyd’s Register (LR) has been awarded the contract for classification of nine Medium Range (MR) type product tankers ordered by Maersk Tankers at Samsung’s Ningbo yard in China. Construction of the first vessels is due to start in the near future, with deliverie
South Korean shipbuilder STX Offshore & Shipbuilding is planning to cut 800 jobs and focus entirely on the construction of tankers in an attempt to recover from financial troubles, the Korea Herald reports. Quoting STX chief executive Lee Byung-mo, the Korea Herald writes that this makes a total of
Cosco Corporation Singapore has agreed to cancel the construction of one 82,000 dwt bulk carrier at its shipyard in Dalian, originally scheduled for delivery in the third quarter of 2016, following a request from an undisclosed European buyer. Under the original contract, Cosco was hired to build tw
Weak dry bulk market and consecutive net losses have forced Greek dry bulk shipping company Star Bulk Carriers to further postpone the delivery of four newbuildings. According to the company, they have managed to delay a total of USD 464 million of capital expenditures from 2015 to 2016 and delay ve
Singapore-based Sembcorp Marine has, through its wholly owned subsidiary Sembcorp Marine Rigs and Floaters, secured a contract to design and build a new floating, storage and offloading (FSO) vessel for Modec Offshore Production Systems (Singapore), a subsidiary of Modec, Inc. Scheduled for delivery
Greece-based oil tanker owner and operator Maran Tankers has confirmed an order for two more Very Large Crude Carriers placed with Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The deal, signed November 18, is for two 319,000 DWT VLCCs scheduled for delivery in 2017. Accordin
