Maersk Line, the world’s largest container shipping company, has signed a USD 1.1 billion contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of nine container ships with a capacity of 14,000 TEU (twenty-foot equivalent) each. The nine vessels will join Maersk
Maersk Line, the world’s largest container shipping company, has signed a USD 1.1 billion contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the construction of nine container ships with a capacity of 14,000 TEU (twenty-foot equivalent) each. The nine vessels will join Maersk
The US classification society ABS has been selected to class Maersk Line’s eleven 19,360 TEU container ship newbuildings ordered last month at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). The order includes options for the construction of up to six additional vessels. ABS was chose
The US classification society ABS has been selected to class Maersk Line’s eleven 19,360 TEU container ship newbuildings ordered last month at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). The order includes options for the construction of up to six additional vessels. ABS was chose
Shell’s Prelude floating liquefied natural gas (FLNG) project, the world’s first, is approaching its completion at Samsung Heavy Industries’ Geoje shipyard but still there is a long way to go. A special milestone was achieved with the last of the topside modules safely installed, as shown in the vid
Shell’s Prelude floating liquefied natural gas (FLNG) project, the world’s first, is approaching its completion at Samsung Heavy Industries’ Geoje shipyard but still there is a long way to go. A special milestone was achieved with the last of the topside modules safely installed, as shown in the vid
Greek shipowners have been the most active in scrapping of dry bulk tonnage this year, according to the data provided by VesselsValue. A total of 4,984,500 DWT was sent for scrap by Greek shipowners, equaling to 54 vessels, out of which 20 were Capesizes, 18 Handies and 16 Panamaxes. Greece is follo
Greek shipowners have been the most active in scrapping of dry bulk tonnage this year, according to the data provided by VesselsValue. A total of 4,984,500 DWT was sent for scrap by Greek shipowners, equaling to 54 vessels, out of which 20 were Capesizes, 18 Handies and 16 Panamaxes. Greece is follo
Cargotec has, through Kalmar and MacGregor, won contracts to retrofit two ship-to-shore (STS) cranes in Egypt, and to provide equipment package for two 38,000 dwt bulk carriers currently under construction in China. Kalmar will retrofit both electrically and mechanically two STS cranes for Alexandri
Cargotec has, through Kalmar and MacGregor, won contracts to retrofit two ship-to-shore (STS) cranes in Egypt, and to provide equipment package for two 38,000 dwt bulk carriers currently under construction in China. Kalmar will retrofit both electrically and mechanically two STS cranes for Alexandri
Nantong Mingde Heavy Industry, a subsidiary of the financially troubled shipbuilder Jiangsu Sainty Marine Corporation, has missed the June 26 deadline to submit its restructuring plan to the Nantong People’s court. The court accepted Nantong’s application for the bankruptcy reorganization on Decembe
Nantong Mingde Heavy Industry, a subsidiary of the financially troubled shipbuilder Jiangsu Sainty Marine Corporation, has missed the June 26 deadline to submit its restructuring plan to the Nantong People’s court. The court accepted Nantong’s application for the bankruptcy reorganization on Decembe
Substantial additional capacity is expected to be introduced into the Far East-South America container shipping routes in July, raising the threat of a new rate war on these trades, shipping market analyst Alphaliner said. There are a total of 137 handy neo-panamax containerships of 8,600-10,600 teu
Substantial additional capacity is expected to be introduced into the Far East-South America container shipping routes in July, raising the threat of a new rate war on these trades, shipping market analyst Alphaliner said. There are a total of 137 handy neo-panamax containerships of 8,600-10,600 teu
