The Chinese government has issued a list of companies involved in offshore shipbuilding that made it to the so called “White List”, local media report. The companies that make it to the list have a better chance of receiving financial loans from Chinese banks. In the first batch, the country’s Minis
Cosco Corporation (Singapore) Limited, a Singapore-listed ship repair & marine engineering and shipping group, posted USD 82.1 million net loss in the third quarter of 2015 due to losses in shipyard and shipping operations amidst unfavourable market conditions. Group turnover decreased 18.1% to USD
The deliveries of the four 17,000 cbm LPG/Ethylene carriers ordered by the Bergen-based Odfjell at China’s Nantong Sinopacific Offshore & Engineering back in 2013 will be significantly delayed, the company revealed in its financial report for the quarter ended September 30, 2015, without specifying
Ulstein’s largest offshore construction vessel yet, yard number 302, named Island Venture, has entered the final stage of her sea trials. Island Venture, being built by Norwegian shipbuilder Ulstein Verft for Island Offshore/Edison Chouest Offshore, has been thoroughly tested at sea trials this week
Germany’s CONTI-Group has placed an order with Chinese shipbuilder Jiangsu New Hantong Ship Heavy Industry (NHT) for three LR1 74,000 DWT tankers, the shipbuilder said. As informed, the tankers, designed by Shanghai Merchant Ship Design & Research Institute (SDARI) are slated for delivery in the fou
Viking Ocean Cruises and Italian shipbuilder Fincantieri have signed an agreement for the construction of two additional cruise ships. The new units, like the four sister ships which the ship owner has already ordered, will become part of Viking’s fleet respectively in mid-2018 and at the end of 202
Italian shipbuilding conglomerate Fincantieri posted a loss of EUR 96 million (USD 103 million) for the nine months ending September 30, 2015, against a profit of 42 million recorded in the corresponding period last year. Fincantieri said in its results that the result would have been a loss of EUR
A shipyard worker was killed and seven were injured in a fire that broke out at a Daewoo Shipbuilding and Marine Engineering’s (DSME) yard in Okpo, South Korea, Yonhap news agency said. As informed, the man suffocated from poisonous gas that gushed from the fire that started in a tank of a liquefied
South Korean shipbuilder Samsung Heavy Industries (SHI) held a keel laying ceremony of Petronas’ second floating liquefaction plant, the Petronas Floating LNG2 (PFLNG2), in Geoje Island, South Korea on 28 October. The keel laying signifies the formal recognition of the start of the mega construction
U.S.-based operator of crude oil tankers Gener8 Maritime, Inc. recorded an adjusted net income of USD 36.5 million for the three months ended September 30, 2015, up from a net loss reported in the same period last year of USD 13.3 million. The increase in adjusted net income was primarily assigned t
Japanese shipbuilder Mitsubishi Heavy Industries, Ltd. hosted a naming ceremony today at its Nagasaki Shipyard & Machinery Works for the newbuilding liquefied natural gas (LNG) carrier LNG Jurojin, which is co-owned by Mitsui O.S.K. Lines (MOL) and Kansai Electric Power Co., Inc. (KEPCO). KEPCO Pres
Reefer vessel owner and operator Seatrade has agreed to acquire four handy-size reefer new-buildings of 300,000 cubic feet, to be delivered by China’s Guangxin Shipbuilding & Heavy Industry in summer 2017. The vessels are of an eco design and are equipped with an environmentally friendly refrigerati
Dutch shipbuilder Ferus Smit is preparing to launch the third vessel in a series of six to be delivered to Dutch shipping company Symphony Shipping BV. The vessel, to bear the name Nordana Sea, will be launched on Friday, December 11, 2015, in Leer, Germany. As her name already reveals, the ship wil
The new LNG bunker and feeder vessel, owned by Sirius Veder Gas AB and chartered out to Skangas, will feature Wärtsilä’s propulsion solution. Under a contract signed in September, Wärtsilä will deliver a propulsion package which will comprise a 6-cylinder Wärtsilä 34DF dual-fuel main engine capable
