Arabian Gulf ship operator Oman Shipping Company (OSC) has named two of its new product and chemical tankers – the Muscat Silver and Rustaq Silver – at the Hyundai Mipo Dockyard in Ulsan, South Korea. OSC will now take delivery of the Muscat Silver as part of a deal which will see 10 MR tankers deli
Tokyo-based classification society ClassNK has granted an Approval in Principle (AIP) to a 98,000 dwt LNG-fueled bulk carrier design developed by Maritime Innovation Japan Corporation (MIJAC). ClassNK carried out the safety evaluation of the vessel and approved the concept design based on the Intern
Shanghai-listed China Merchants Energy Shipping, a subsidiary of China Merchants Group, has issued a stock filing saying that its board approved a plan to order ten very large ore carriers (VLOC) as part of a charter deal with Brazil’s mining giant Vale. CMES said that two of the 400,000 dwt bulk ca
Navig8 Product Tankers Inc., part of Navig8 Group, has secured a USD 64.3 million commercial loan facility for the first two of eight 74,000 dwt LR1s under construction at South Korea’s STX Offshore & Shipbuilding, the first of which has also been delivered to the company. Crédit Agricole Corporate
China’s Ningbo Ocean Shipping Co., part of Ningbo Port Group, has ordered four 1,000 TEU container ships from compatriot Taizhou Kouan Shipbuilding. The 12,200 dwt vessels will be 139 meters long, 25 meters wide, and have a draft of 8 meters. They will sail at speeds of up to 14 knots. The first of
Government Orders DSME to Stop Work on LPG Carriers Following the most recent fatal incident at Daewoo Shipbuilding and Marine Engineering’s DSME Okpo yard, the Korean Government has ordered the yard to halt work on… Read More NOL Not a Good Buy for Maersk? The acquisition of Neptune Orient Lines (N
Singapore’s Pioneer Marine Inc., owner and operator of drybulk handysizes, has terminated three newbuilding contracts at Chinese Yangzhou Guoyu Shipyard within the company’s efforts to cut costs in a depressed dry bulk market. The contracts termination will be at no cost to the company, Pioneer said
Netherlands-based BigRoll Shipping’s latest sea beauty hit the waters on October 27, 2015 at Cosco Dalian Shipyard. BigRoll Barentsz, the first of four MC (Module Carriers) Class vessels under construction, remains on schedule for delivery in March 2016. The second BigRoll vessel, the BigRoll Bering
Energy and chemicals company Saudi Aramco and South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group signed a general memorandum of understanding (MoU) on Wednesday to jointly collaborate on business development opportunities in the Kingdom of Saudi Arabia. The MoU lays the grou
Croatian shipbuilder Brodosplit held a steel cutting ceremony for four 2,000 TEU containerships at their shipyard in Split today, November 12. The ship’s are being built for Brodosplit’s own fleet, to be operated by Brodosplit Navigation, under the company’s restructuring program. The 24,000 DWT ves
Following the most recent fatal incident at Daewoo Shipbuilding and Marine Engineering’s (DSME) Okpo yard, the Korean Government has ordered the yard to halt work on the five liquefied petroleum gas (LPG) carriers currently under construction, Yonhap news agency reports. The fire that killed one and
German shipping company F.Laeisz GmbH has signed a financial agreement in Beijing with Chinese multinational banking company Industrial and Commercial Bank of China Ltd. (ICBC). Under the agreement, ICBC will provide USD 65 million worth of buyer’s credit to F.Laeisz GmbH for two vehicle roll-on/rol
Korean shipbuilder Hyundai Mipo Dockyard has today cut steel for a 38,000 cbm class LPG carrier ordered by KSS Line, a compatriot LPG and chemical shipping company. The ship will be classified by Korean Register of Shipping (KR) and is slated for delivery in February 2017. KSS Line has two more LPG/
Croatian tanker owner and operator Tankerska Next Generation (TNG) has secured a one year charter employment for its newbuild product tanker MT Pag. The sixth operational vessel in the fleet, expected for delivery in December 2015, will be chartered out to an undiclosed charterer at approximately US
