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
Orient Overseas Container Line (OOCL) has welcomed into the fleet the final 8,888 TEU class containership from a series of eight ordered from the Hudong-Zhonghua Shipbuilding shipyard, the OOCL Ho Chi Minh City. The containership was christened on Thursday at a ceremony held on Changxing Island in S
Orient Overseas Container Line (OOCL) has welcomed into the fleet the final 8,888 TEU class containership from a series of eight ordered from the Hudong-Zhonghua Shipbuilding shipyard, the OOCL Ho Chi Minh City. The containership was christened on Thursday at a ceremony held on Changxing Island in S
Danish container shipping giant Maersk Line has not decided yet whether it would order additional eight 14,000 TEU containerships at Hyundai Heavy Industries (HHI), Maersk Line Spokesperson told World Maritime News responding to media reports on the exercise of the option. Namely, Maersk Line signed
Danish container shipping giant Maersk Line has not decided yet whether it would order additional eight 14,000 TEU containerships at Hyundai Heavy Industries (HHI), Maersk Line Spokesperson told World Maritime News responding to media reports on the exercise of the option. Namely, Maersk Line signed
Belgian tanker operator Euronav has decided not to exercise the option for four newbuilding very large crude carriers (VLCCs) on top of the four vessels the company had agreed to buy back in June, as the tanker vessels have not become more expensive in the meantime, and the company feels that the fo
Belgian tanker operator Euronav has decided not to exercise the option for four newbuilding very large crude carriers (VLCCs) on top of the four vessels the company had agreed to buy back in June, as the tanker vessels have not become more expensive in the meantime, and the company feels that the fo
Saga LNG Shipping Pte. Ltd., a new LNG player backed by Landmark Capital, signed a shipbuilding contract with China Merchants Heavy Industry on Monday, for a liquefied natural gas carrier with 45,000 cubic meter cargo capacity, with an option for one more. The company said that the same newbuilding
Saga LNG Shipping Pte. Ltd., a new LNG player backed by Landmark Capital, signed a shipbuilding contract with China Merchants Heavy Industry on Monday, for a liquefied natural gas carrier with 45,000 cubic meter cargo capacity, with an option for one more. The company said that the same newbuilding
South Korea’s state-run creditors of Daewoo Shipbuilding & Marine Engineering (DSME) will pump additional KRW 4.2 trillion (USD 3.7 billion) into this shipbuilding giant hit by two consecutive quarters of multi-trillion losses caused by a falling number of newbuilding orders and further delivery del
South Korea’s state-run creditors of Daewoo Shipbuilding & Marine Engineering (DSME) will pump additional KRW 4.2 trillion (USD 3.7 billion) into this shipbuilding giant hit by two consecutive quarters of multi-trillion losses caused by a falling number of newbuilding orders and further delivery del
Finnish engine maker Wärtsilä and China State Shipbuilding Corporation (CSSC) have trough their China-based joint venture – CSSC Wärtsilä Engine (Shanghai) – signed strategic cooperation agreements with the Hudong Zhonghua and Shanghai Waigaoqia (SWS) shipyards to develop ship designs and solutions
Finnish engine maker Wärtsilä and China State Shipbuilding Corporation (CSSC) have trough their China-based joint venture – CSSC Wärtsilä Engine (Shanghai) – signed strategic cooperation agreements with the Hudong Zhonghua and Shanghai Waigaoqia (SWS) shipyards to develop ship designs and solutions
Korean shipbuilding company Samsung Heavy Industries (SHI) has been hit with a drillship cancellation by floating-rig drilling contractor Pacific Drilling S.A. The decision stems from the SHI’s failure to timely deliver ultra-deepwater drillship Pacific Zonda, the company said. “Pacific Drilling has
