CEO of Fredriksen Group Arrested in Norway Chief Executive Officer of the Fredriksen Group Jo Lunder was arrested by Norwegian police in Oslo on Wednesday Reuters reports… Read More Royal Caribbean Orders 5th Quantum-Class Ship Royal Caribbean Cruises Ltd has ordered a fifth Quantumclass ship from M
Scheduled to debut in April 2016, Royal Caribbean’s third Oasis-class vessel Harmony of the Seas is coming together at STX France shipyard in Saint-Nazaire. The ship will be the first in a new generation of ships where architectural innovations of the Oasis class are combined with technologies of th
British ship owner Lomar Shipping has inked an order with China’s Guangzhou Wenchong Shipyard for construction of two 2,700 TEU containerships. The contract includes options for two more units. The ships feature 186 meters in lenght, 34.8 meters in width and 17.9 m depth. The value of the contract a
Dutch towage and salvage specialist Multraship, through its wholly-owned subsidiary Novatug BV, has commissioned the construction of two evolutionary Carrousel Rave Tugs (CRTs) from Damen Shipyards Group. The official signing ceremony was held at Europort exhibition in Rotterdam, the Netherlands. Th
Danish container shipping giant Maersk Line does not plan to exercise the previously announced options for six 19,630 TEU vessels and two 3,600 TEU feeders and will postpone decision on the optional eight 14,000 TEU vessels, the company said in an announcement. The decision comes following the compa
Germany’s Nordic Hamburg has ordered four 1,400 TEU dual-fuel container ships from the recently restructured Huatai Heavy Industry (Nantong) Co in China. The shipbuilding contract was signed in Shanghai on November 3. The value of the contract was not disclosed. The first 170 meter boxship is schedu
The decision of Danish container shipping company Maersk Line not to invest in further fleet expansion and cut its network capacity is merely a reaction to current market demand weakness, Maersk Line CEO, Søren Skou, said in a conference call today. However, according to Skou, the decision does not
South Korean shipping company KSS Line Ltd., a specialist in transporting chemical cargoes, has inked a construction contract with Hyundai Heavy Industries for a 84,000 cbm very large gas carrier. Under the contract, signed on November 2nd, the newly ordered LPG carrier is slated for delivery in 201
Malaysia International Shipping Corporation Berhad (MISC) posted 14.9 pct higher group revenue in its financial results for the third quarter ended 30 September 2015 totaling in RM 2 505.6 million (USD 587.6 million) when compared with RM 2,180.3 million recorded last year. MISC said that the increa
Singapore-listed Yangzijiang Shipbuilding (Holdings) Limited reported a 16% dip in net profit compared to the same period a year earlier, despite a 10% rise in revenue driven mostly by new orders for 12 vessels, including the recently won contract for two 84,000 cbm very large gas carriers (VLGCs) o
The LNG-powered cement tanker ‘Greenland’ was christened and launched on Saturday 31 October, at a ceremony hosted by Dutch shipbuilder Ferus Smit. The christening ceremony was performed by Ase Espeland, partner of Petter Tronstad, CEO of KGJ cement, the company that partly owns the vessel. Followin
Russian shipyard Krasnoye Sormovo has received an order for construction of two chemical tankers from its compatriot shipping company Volgotrans LLC, owner of the ships, and Goznak Leasing CJSC, acting as lessor of the ships. The RST27 project tankers, scheduled for delivery in 2017, are self-propel
Connecticut-based owner and operator of liquefied petroleum gas (LPG) carriers Dorian LPG has taken delivery of one more very large gas carrier (VLGC), its fourteenth newbuilding delivery, from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). The 84,000 cbm ECO VLGC was named Cratis, a
Italian shipbuilder Fincantieri has turned again to the Swiss-based power and automation technology group ABB to provide complete electrical power plants and Azipod® XO fuel-saving electric propulsion systems for two cruise ships currently under construction for the Miami-based Carnival Corporation.
