Troubled Chinese shipbuilder Jiangsu Sainty Marine Corporation has agreed with Singapore-based SE Shipping Lines Pte. Ltd. to appoint an arbitrator over a shipbuilding contract dispute. Sainty Marine was hired in December 2013 by SE Shipping to build a multi-purpose 31,200 dwt vessel, which was to b
Troubled Chinese shipbuilder Jiangsu Sainty Marine Corporation has agreed with Singapore-based SE Shipping Lines Pte. Ltd. to appoint an arbitrator over a shipbuilding contract dispute. Sainty Marine was hired in December 2013 by SE Shipping to build a multi-purpose 31,200 dwt vessel, which was to b
Estonian ferry operator Tallink Group AS has signed a loan agreement with Nordea Bank Finland Plc, securing EUR 184 million out of EUR 230 million needed to finance the construction of the recently ordered RoPax ferry. The LNG-powered fast ferry is currently under construction at the Finnish Meyer T
Estonian ferry operator Tallink Group AS has signed a loan agreement with Nordea Bank Finland Plc, securing EUR 184 million out of EUR 230 million needed to finance the construction of the recently ordered RoPax ferry. The LNG-powered fast ferry is currently under construction at the Finnish Meyer T
NYSE-listed dry bulk specialist Scorpio Bulkers Inc. has agreed to time charter-out one Capesize currently under construction at a Sungdong shipyard, South Korea. The 180,000 dwt SBI Montesino is expected to be delivered in July, 2015. Upon delivery from the shipyard, the SBI Montesino will be chart
NYSE-listed dry bulk specialist Scorpio Bulkers Inc. has agreed to time charter-out one Capesize currently under construction at a Sungdong shipyard, South Korea. The 180,000 dwt SBI Montesino is expected to be delivered in July, 2015. Upon delivery from the shipyard, the SBI Montesino will be chart
Dalian Shipbuilding Industry Corporation (DSIC) has secured orders for a total of seven newbuildings from its compatriot China Cosco Group. Namely, Cosco has through its tanker shipping arm Cosco Dalian ordered five 72,000 dwt product tankers and two 319,000 dwt Very Large Crude Carriers (VLCCs), th
Dalian Shipbuilding Industry Corporation (DSIC) has secured orders for a total of seven newbuildings from its compatriot China Cosco Group. Namely, Cosco has through its tanker shipping arm Cosco Dalian ordered five 72,000 dwt product tankers and two 319,000 dwt Very Large Crude Carriers (VLCCs), th
NYSE-listed liquefied petroleum gas (LPG) shipping company Dorian LPG has taken delivery of its sixth very large gas carrier (VLGC) newbuilding, the ECO VLGC Cobra. The 84,000 cbm LPG carrier was built by South Korea’s Hyundai Samho Heavy Industries. Upon delivery, the Cobra will enter into a one ye
NYSE-listed liquefied petroleum gas (LPG) shipping company Dorian LPG has taken delivery of its sixth very large gas carrier (VLGC) newbuilding, the ECO VLGC Cobra. The 84,000 cbm LPG carrier was built by South Korea’s Hyundai Samho Heavy Industries. Upon delivery, the Cobra will enter into a one ye
Hanjin Shipping’s HQ Raided The headquarters of South Korean conglomerate Hanjin Group and its affiliates have been raided earlier today by the Seoul prosecutors amid corruption allegations…. Read more Richard Branson Orders Three Cruise Ships, Homeports One in Miami Richard Branson’s Virgin Cruises
Hanjin Shipping’s HQ Raided The headquarters of South Korean conglomerate Hanjin Group and its affiliates have been raided earlier today by the Seoul prosecutors amid corruption allegations…. Read more Richard Branson Orders Three Cruise Ships, Homeports One in Miami Richard Branson’s Virgin Cruises
Italian shipbuilder Fincantieri launched two cruise ships from its shipyards in Monfalcone and Ancona this Thursday. Carnival Vista, the new flagship of the Carnival Cruise Line’s fleet, brand of the Carnival Group, was launched in Monfalcone. With a weight of 133,500 gross tons and 321 meters in le
Italian shipbuilder Fincantieri launched two cruise ships from its shipyards in Monfalcone and Ancona this Thursday. Carnival Vista, the new flagship of the Carnival Cruise Line’s fleet, brand of the Carnival Group, was launched in Monfalcone. With a weight of 133,500 gross tons and 321 meters in le
