The cruise shipping industry is making significant strides toward a new age of transporting passengers, one of them being orders for the industry’s first liquefied natural gas (LNG) powered ships. However, many challenges remain ahead with respect to the regulatory and environmental domain, includin
The cruise shipping industry is making significant strides toward a new age of transporting passengers, one of them being orders for the industry’s first liquefied natural gas (LNG) powered ships. However, many challenges remain ahead with respect to the regulatory and environmental domain, includin
The ship supply surplus built up in 2010-2012 and slowdown in Chinese raw materials imports, especially coal, continue to drive overall weakness in the dry bulk shipping market, according to Hong Kong-based dry bulk shipping company Pacific Basin. “This weakness will continue to affect shipping busi
The ship supply surplus built up in 2010-2012 and slowdown in Chinese raw materials imports, especially coal, continue to drive overall weakness in the dry bulk shipping market, according to Hong Kong-based dry bulk shipping company Pacific Basin. “This weakness will continue to affect shipping busi
Cruise lines seem to have abandoned their cautious approach to ordering new ships this summer as the cruise orderbook has achieved record level, with the sector hoping to take advantage of the mobility of its assets to tap the enormous potential in emerging markets, according London-based industry a
Cruise lines seem to have abandoned their cautious approach to ordering new ships this summer as the cruise orderbook has achieved record level, with the sector hoping to take advantage of the mobility of its assets to tap the enormous potential in emerging markets, according London-based industry a
Japanese Mitsui O.S.K. Lines, Ltd. has reached a basic agreement with Gas Sayago, a joint venture between Uruguay’s state oil company ANCAP and state power company UTE, to continue the floating storage and regasification unit (FSRU) project led by Gas Sayago. The government of Uruguay recently cance
Japanese Mitsui O.S.K. Lines, Ltd. has reached a basic agreement with Gas Sayago, a joint venture between Uruguay’s state oil company ANCAP and state power company UTE, to continue the floating storage and regasification unit (FSRU) project led by Gas Sayago. The government of Uruguay recently cance
Rolls-Royce plans to lay off further 400 workers from its Marine business by the end of 2016, in addition to the reduction of 600 employees previously announced in May, again stating ”the impact of the low price of oil and subsequent fall in orders” as the main reasons behind the job cuts. The compa
Rolls-Royce plans to lay off further 400 workers from its Marine business by the end of 2016, in addition to the reduction of 600 employees previously announced in May, again stating ”the impact of the low price of oil and subsequent fall in orders” as the main reasons behind the job cuts. The compa
Incat Tasmania has secured a contract for the construction, delivery and long term charter of a large fast vehicle ferry for Mols-Linien A/S, the fourth vessel the Australian shipbuilder will construct for the Danish ferry operator. The Hobart shipyard will commence work on construction of the wave
Incat Tasmania has secured a contract for the construction, delivery and long term charter of a large fast vehicle ferry for Mols-Linien A/S, the fourth vessel the Australian shipbuilder will construct for the Danish ferry operator. The Hobart shipyard will commence work on construction of the wave
Greece-based gas carrier operator TMS Cardiff Gas Ltd. has signed a contract with Hyundai Heavy Industries of Korea for the construction of two 78,700 cbm LPG carriers with the option to build another two. The vessels are scheduled for delivery in Q2 and Q3 2017, when they will enter into timecharte
Greece-based gas carrier operator TMS Cardiff Gas Ltd. has signed a contract with Hyundai Heavy Industries of Korea for the construction of two 78,700 cbm LPG carriers with the option to build another two. The vessels are scheduled for delivery in Q2 and Q3 2017, when they will enter into timecharte
