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Shipbuilding

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NewsBusiness & Finance
Chemical Tankers Reap Fruits from Product Tanker Demand
Shipbuilding

Chemical Tankers Reap Fruits from Product Tanker Demand

The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of D

about 11 years ago
Chemical Tankers Reap Fruits from Product Tanker Demand
Shipbuilding

Chemical Tankers Reap Fruits from Product Tanker Demand

The chemical tanker shipping market has been strongly supported by specialised trades and clean petroleum products (CPP) demand during the second quarter of the year. Although many newbuildings were delivered, the market has been able to absorb the extra tonnage, according to the latest edition of D

about 11 years ago
13 DSME Execs Offer to Quit amid Huge Losses
Shipbuilding

13 DSME Execs Offer to Quit amid Huge Losses

Thirteen executive officers and advisers of the Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) have offered their resignations after the company posted its biggest quarterly loss at thr rnd of July, Bloomberg reports. Namely, Daewoo posted an operating loss of KRW 2.39 trillion

about 11 years ago
13 DSME Execs Offer to Quit amid Huge Losses
Shipbuilding

13 DSME Execs Offer to Quit amid Huge Losses

Thirteen executive officers and advisers of the Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) have offered their resignations after the company posted its biggest quarterly loss at thr rnd of July, Bloomberg reports. Namely, Daewoo posted an operating loss of KRW 2.39 trillion

about 11 years ago
Former Petrobras Exec Gets 12 Years over SHI Bribe
Shipbuilding

Former Petrobras Exec Gets 12 Years over SHI Bribe

Former international chief of Brazilian state-run oil company Nestor Cervero has been sentenced to 12 years of prison for corruption and money laundering. Cervero is believed to have, together with two other defendants, been involved in paying bribe from Korean shipbuilder Samsung Heavy Industries (

about 11 years ago
Former Petrobras Exec Gets 12 Years over SHI Bribe
Shipbuilding

Former Petrobras Exec Gets 12 Years over SHI Bribe

Former international chief of Brazilian state-run oil company Nestor Cervero has been sentenced to 12 years of prison for corruption and money laundering. Cervero is believed to have, together with two other defendants, been involved in paying bribe from Korean shipbuilder Samsung Heavy Industries (

about 11 years ago
VIDEO: Norwegian Escape Floated Out
Shipbuilding

VIDEO: Norwegian Escape Floated Out

The 164,600-gt cruise ship Norwegian Escape, built for the U.S. cruise operator Norwegian Cruise Line, was floated out of Meyer Werft’s covered building dock II on August 15th, after merely 18 months of construction in Papenburg, Germany. The new ship will now be subjected to more tests to be carrie

about 11 years ago
VIDEO: Norwegian Escape Floated Out
Shipbuilding

VIDEO: Norwegian Escape Floated Out

The 164,600-gt cruise ship Norwegian Escape, built for the U.S. cruise operator Norwegian Cruise Line, was floated out of Meyer Werft’s covered building dock II on August 15th, after merely 18 months of construction in Papenburg, Germany. The new ship will now be subjected to more tests to be carrie

about 11 years ago
Cardiff Marine Orders Four Aframaxes from Hangtong
Shipbuilding

Cardiff Marine Orders Four Aframaxes from Hangtong

China’s Jiangsu Hangtong shipyard informed today that it has signed a contract with Greek shipowner Cardiff Marine on construction of four 115,000 DWT Aframax oil tankers. Under the deal, which includes an option for two additional tankers of the same typee, Cardiff Marine is expected to take the de

about 11 years ago
Cardiff Marine Orders Four Aframaxes from Hangtong
Shipbuilding

Cardiff Marine Orders Four Aframaxes from Hangtong

China’s Jiangsu Hangtong shipyard informed today that it has signed a contract with Greek shipowner Cardiff Marine on construction of four 115,000 DWT Aframax oil tankers. Under the deal, which includes an option for two additional tankers of the same typee, Cardiff Marine is expected to take the de

about 11 years ago
Ardmore Seawolf Joins the Fleet
Shipbuilding

Ardmore Seawolf Joins the Fleet

Ardmore Shipping Corporation took delivery of the newbuilding Ardmore Seawolf on August 13, 2015. The 49,999 deadweight tonne, eco-design IMO 3 product and chemical tanker was constructed at the SPP Shipbuilding Co., Ltd Sacheon Shipyard in Korea, and is the third in a series of four SPP newbuilding

about 11 years ago
Ardmore Seawolf Joins the Fleet
Shipbuilding

Ardmore Seawolf Joins the Fleet

Ardmore Shipping Corporation took delivery of the newbuilding Ardmore Seawolf on August 13, 2015. The 49,999 deadweight tonne, eco-design IMO 3 product and chemical tanker was constructed at the SPP Shipbuilding Co., Ltd Sacheon Shipyard in Korea, and is the third in a series of four SPP newbuilding

about 11 years ago
MacGregor to Equip Grimaldi’s Newbuilds
Shipbuilding

MacGregor to Equip Grimaldi’s Newbuilds

Cargotec’s MacGregor has been contracted by Chinese shipbuilding group Yangfan to deliver RoRo access equipment packages for a series of five post-Panamax 7,800 CEU pure car/truck carriers (PCTCs) being built for Italian operator Grimaldi Group, with options for seven more. The 200m vessels will be

about 11 years ago
MacGregor to Equip Grimaldi’s Newbuilds
Shipbuilding

MacGregor to Equip Grimaldi’s Newbuilds

Cargotec’s MacGregor has been contracted by Chinese shipbuilding group Yangfan to deliver RoRo access equipment packages for a series of five post-Panamax 7,800 CEU pure car/truck carriers (PCTCs) being built for Italian operator Grimaldi Group, with options for seven more. The 200m vessels will be

about 11 years ago
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