Scorpio Bulkers Inc. has received a proposal from an unnamed European financial institution to finance a portion of the cost of the company’s remaining unfinanced dry bulk vessel. The company has so far either signed credit facility agreements or received commitments for 59 of the 60 vessels in its
Chinese shipping and logistics conglomerate Sinotrans & CSC Holdings has signed four contracts that will involve construction of 12 new ships at one of the largest shipbuilders in China, the company said today. Namely, the company announced signing of contracts with the China Shipbuilding Industry C
Tokyo-based Astomos Energy Corporation has ordered three Very Large Gas Carriers (VLGC) at two Japanese shipyards, bringing its order book to ten newbuildings. Under the deal, the company has ordered two 82,200-cbm LPG ships at Kawasaki Heavy Industries that are scheduled for delivery in the first h
Containership owner Costamare Inc. has together with its partner York Capital ordered two 3,800 TEU newbuild containerships from Chinese shipbuilder Jiangsu New Yangzi Shipbuilding Co., Ltd. The two newbuildings are slated for delivery in the first and second quarter of 2018 respectively and upon de
Shanghai-based container carrier China Shipping Container Lines (CSCL), part of China Shipping Group, has confirmed a bareboat charter agreement for six 21,000 TEU container ships to be constructed by Shanghai Waigaoqiao Shipbuilding (SWS). The contract was signed by CSCL’s subsidiary China Shipping
Shanghai-based Wison Offshore & Marine Ltd. has been granted over 4-billion-RMB line (USD 631.1 million) credit by China Minsheng Bank (CMBC) to support its new order financing. The financing deal forms an important part of the strategic agreement reached by Wison Group Holding Ltd., the parent comp
Study: New LNG-Fuelled Concept Boxship Doesn’t Need an Engine Room GTT CMA CGM and its subsidiary CMA Ships and DNV GL released a technical and feasibility study for a new mega box ship today the Piston Engine Room Free Efficient Contai… Read More 124 Injured When Turbojet Ferry Hits Unknown Object
Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period. Th
Vessel operating costs are expected to rise in both 2015 and 2016, according to the latest survey by international accountant and shipping consultant Moore Stephens. Crew wages, repairs and maintenance, and drydocking are the cost categories likely to increase most significantly over that period. Th
Seven Seas Explorer, an ultra-luxury cruise ship being built by Italian shipbuilder Fincantieri for Regent Seven Seas Cruises, has been launched today at the yard’s Sestri Ponente facility. The ship will now undergo the fitting-out stage before it is delivered to its owner in the summer of 2016. The
Seven Seas Explorer, an ultra-luxury cruise ship being built by Italian shipbuilder Fincantieri for Regent Seven Seas Cruises, has been launched today at the yard’s Sestri Ponente facility. The ship will now undergo the fitting-out stage before it is delivered to its owner in the summer of 2016. The
The keel for Royal Caribbean International’s fourth Oasis class ship was officially laid at the STX shipyard in St. Nazaire, France, on October 29. The keel laying marks a milestone in the development of the ship, signifying the beginning of its physical construction. During the ceremony, a 1,000-to
The keel for Royal Caribbean International’s fourth Oasis class ship was officially laid at the STX shipyard in St. Nazaire, France, on October 29. The keel laying marks a milestone in the development of the ship, signifying the beginning of its physical construction. During the ceremony, a 1,000-to
The construction of the floating liquefaction unit Caribbean FLNG, the world’s first floating LNG production unit, at Wison Heavy Industry in Nantong, China is on track and the vessel is expected to be delivered in the first quarter of 2016, according to Exmar N.V., a Belgian shipping firm specializ
