Order intake at Finnish engineering company Wärtsilä’s Marine Solutions sector reached EUR 407 million (USD 460.4m) for the quarter ended September 30, down 12% compared to EUR 463 million reported for the same period a year earlier. On the other hand, order intake for the recently acquired L-3 Mari
Order intake at Finnish engineering company Wärtsilä’s Marine Solutions sector reached EUR 407 million (USD 460.4m) for the quarter ended September 30, down 12% compared to EUR 463 million reported for the same period a year earlier. On the other hand, order intake for the recently acquired L-3 Mari
Despite a substantial fall in overall ordering this year, tanker contracting has been robust with 207 ships of 16.6m GT reported of being ordered so far this year, which is already above full year 2014 in terms of GT, according to data released by London-based Clarksons. Greece remained on top of th
Despite a substantial fall in overall ordering this year, tanker contracting has been robust with 207 ships of 16.6m GT reported of being ordered so far this year, which is already above full year 2014 in terms of GT, according to data released by London-based Clarksons. Greece remained on top of th
Shipbuilding and dry bulk shipping company Cosco Corporation (Singapore) Limited expects to record net loss in the quarter ended September 30, 2015, as compared to a profit recorded in the corresponding period of the previous financial year. Cosco says that the loss is expected mainly due to the con
Shipbuilding and dry bulk shipping company Cosco Corporation (Singapore) Limited expects to record net loss in the quarter ended September 30, 2015, as compared to a profit recorded in the corresponding period of the previous financial year. Cosco says that the loss is expected mainly due to the con
Cruise conglomerate Carnival Corporation & plc has formed a joint venture in China that intends to launch the first multi-ship domestic cruise brand in the Chinese market. Namely, Carnival is partnering with China State Shipbuilding Corporation (CSSC) and China Investment Corporation (CIC) on the ne
Cruise conglomerate Carnival Corporation & plc has formed a joint venture in China that intends to launch the first multi-ship domestic cruise brand in the Chinese market. Namely, Carnival is partnering with China State Shipbuilding Corporation (CSSC) and China Investment Corporation (CIC) on the ne
ALP Striker, the first of four ultra-long distance towing and anchor handling vessels built by Japan’s Niigata Shipbuilding & Repair for ALP Maritime Services, was recently launched in Niigata. Based on the ULSTEIN SX157 design, ALP Striker is the first vessel of its kind, and a part of the ALP Futu
ALP Striker, the first of four ultra-long distance towing and anchor handling vessels built by Japan’s Niigata Shipbuilding & Repair for ALP Maritime Services, was recently launched in Niigata. Based on the ULSTEIN SX157 design, ALP Striker is the first vessel of its kind, and a part of the ALP Futu
Oslo-listed chemical tanker owner and operator Navig8 Chemical Tankers has entered into contracts to purchase four 49,000 dwt IMO2 eco-design, Interline-coated chemical tankers to be built at STX Offshore & Shipbuilding in South Korea. Navig8 Chemical Tankers has also announced that it has secured o
Oslo-listed chemical tanker owner and operator Navig8 Chemical Tankers has entered into contracts to purchase four 49,000 dwt IMO2 eco-design, Interline-coated chemical tankers to be built at STX Offshore & Shipbuilding in South Korea. Navig8 Chemical Tankers has also announced that it has secured o
Shanghai-based Wison Offshore & Marine laid the keel for the barge-based floating LNG storage and regasification unit for the Exmar FSRU project in Nantong, China, on October 20, the first time for a Chinese company to undertake an FSRU project under an EPCIC contract. Under the agreement for the re
Shanghai-based Wison Offshore & Marine laid the keel for the barge-based floating LNG storage and regasification unit for the Exmar FSRU project in Nantong, China, on October 20, the first time for a Chinese company to undertake an FSRU project under an EPCIC contract. Under the agreement for the re
