South Korean shipbuilding giants Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) suffered extensive losses in the second quarter of 2015 amid dwindling appetite of owners to order new ships. The world’s largest shipbuilder Hyundai
South Korean shipbuilding giants Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) suffered extensive losses in the second quarter of 2015 amid dwindling appetite of owners to order new ships. The world’s largest shipbuilder Hyundai
”K” Line LNG Shipping (UK) Limited (K-LNG), a subsidiary of Japanese Kawasaki Kisen Kaisha (”K” Line), has through the joint-venture consortium with Chandris (Hellas) Inc. entered into long-term time charter contracts with the BP group for two LNG carrier newbuildings. The vessels, which will have a
”K” Line LNG Shipping (UK) Limited (K-LNG), a subsidiary of Japanese Kawasaki Kisen Kaisha (”K” Line), has through the joint-venture consortium with Chandris (Hellas) Inc. entered into long-term time charter contracts with the BP group for two LNG carrier newbuildings. The vessels, which will have a
Sandia National Laboratories and San Francisco-based ferry operator Red and White Fleet have signed a cooperative research and development agreement to develop a high-speed, hydrogen-fuel-cell-powered passenger ferry and refueling station. Named SF-BREEZE (San Francisco Bay Renewable Energy Electric
Sandia National Laboratories and San Francisco-based ferry operator Red and White Fleet have signed a cooperative research and development agreement to develop a high-speed, hydrogen-fuel-cell-powered passenger ferry and refueling station. Named SF-BREEZE (San Francisco Bay Renewable Energy Electric
China Shipping Development Company (CSDC) and China Shipping Container Lines (CSCL) have received a combined subsidy of around CNY 1.05 billion (USD 169m) from China’s Ministry of Finance for the disposal and retrofitting of their vessels. CSDC was granted approximately CNY 925 million (USD 149m), w
China Shipping Development Company (CSDC) and China Shipping Container Lines (CSCL) have received a combined subsidy of around CNY 1.05 billion (USD 169m) from China’s Ministry of Finance for the disposal and retrofitting of their vessels. CSDC was granted approximately CNY 925 million (USD 149m), w
Norwegian ferry operator Torghatten Trafikkselskap AS has signed a contract with compatriot shipyard Fiskerstrand Verft AS for the construction of a Multi Maritime-designed car and passenger ferry, with an option for two additional ferries. The ferry will have the capacity to carry 60 cars (10 on a
Norwegian ferry operator Torghatten Trafikkselskap AS has signed a contract with compatriot shipyard Fiskerstrand Verft AS for the construction of a Multi Maritime-designed car and passenger ferry, with an option for two additional ferries. The ferry will have the capacity to carry 60 cars (10 on a
French liner company CMA CGM Group took delivery of the CMA CGM Vasco de Gama on July 27th from China State Shipbuilding Corporation. This 18,000 TEUs vessel is, with its 399 meters length and 54 meters width, the largest containership of the CMA CGM Group. It will sail under the UK flag. Calling 11
French liner company CMA CGM Group took delivery of the CMA CGM Vasco de Gama on July 27th from China State Shipbuilding Corporation. This 18,000 TEUs vessel is, with its 399 meters length and 54 meters width, the largest containership of the CMA CGM Group. It will sail under the UK flag. Calling 11
Costa Cruises, Carnival Corporation’s Italy-based brand, has ordered construction of two next-generation cruise ships. The two ships will be built by Meyer shipyard in Turku, Finland, with delivery scheduled for 2019 and 2020. According to Coast Cruises, each of the ships will exceed 180,000 gross t
Costa Cruises, Carnival Corporation’s Italy-based brand, has ordered construction of two next-generation cruise ships. The two ships will be built by Meyer shipyard in Turku, Finland, with delivery scheduled for 2019 and 2020. According to Coast Cruises, each of the ships will exceed 180,000 gross t
