In the last four months dry bulk orders have fallen to 0.4 million dwt per month, the lowest level since the 1990s, according to the latest market review released by Clarkson Research. “This is a massive 98% reduction from the 23 million dwt peak in orders in December 2007, and probably the sharpest
The European Commission has found that around EUR 290 million (USD 324 million) of public support granted by Portugal to Estaleiros Navais de Viana do Castelo, S.A. (ENVC), the former operator of shipyards located in Viana do Castelo in Portugal, was not compatible with EU state aid rules, and is to
The stripped Costa Concordia wreck will begin manoeuvres to exit the port of Pra’ Voltri today at 4 pm, its final destination being the Port of Genoa where it will be dismantled. The transfer has been authorized by the local authorities following the first stage of the wreck’s dismantling project th
MAST: Security Situation in the Mediterranean Could Get Out of Hand Incidents of criminality and piracy on the high seas and in coastal areas of the Mediterranean could become more prevalent as the human trafficking organisations become more established, say… Read more Costa Concordia to Embark on I
Finland-based shipbuilder Meyer Turku handed over Mein Schiff 4 to TUI Cruises, marking the first delivery from Turku Shipyard under Meyers´ ownership. Following today’s handover, the Mein Schiff 4 will be named in Kiel on June 5, before sailing on her maiden voyage to the Baltic States on June 6, 2
The first phase of the Costa Concordia dismantling and recycling project has been completed nine months after the wreck arrived in Genoa Italy. Over 5,700 tons of materials have been removed (furniture and internal structures) from the ship in order to obtain the necessary draft to transfer the wrec
Honolulu-based shipping company Pasha Hawaii has taken delivery of the MV Marjorie C, a combination Container and Roll-on/Roll-off Car Truck Carrier (ConRo), from Pascagoula-headquartered VT Halter Marine, a shipbuilding subsidiary of VT Systems. The MV Marjorie C is the second U.S. Flag, Jones Act-
Shanghai Waigaoqiao Shipbuilding (SWS), a shipbuilding subsidiary of China State Shipbuilding Corp, has won an order for six 11,000 TEU containerships from an undisclosed European owner. The deal was landed on April 28th, according to the shipbuilding conglomerate’s announcement. Further details on
Japan’s Mitsubishi Heavy Industries (MHI) recorded a 31.2% dip in net profit for the fiscal year ended March 31, 2015, despite a notable increase in the received orders and net sales, according to the company’s consolidated financial results for the FY 2014. MHI ended FY 2014 with a JPY 110.4 billio
Cruise line giant Royal Caribbean Cruises Ltd has entered into an agreement with German shipbuilder Meyer Werft to order a fourth Quantum-class ship slated for delivery in 2019. “Today’s announcement is a reflection of the success of the first two Quantum-class ships,” said Richard D. Fain, Chairman
Seattle-based small ship cruise line Windstar Cruises launched the second of its three overhauled all suite power yachts – Sea Breeze- at a christening ceremony organized in Nice, France, on May 6. The christening ceremony and pier-side champagne celebration mark the luxury yacht’s introduction to t
Vietnam needs to find at least USD 2 billion in the next five years to modernise its fleet of commercial vessels, the country’s daily Vietnam News quoted Vietnam Maritime Administration Deputy Head Bui Thien Thu as saying. However, the multi-billion dollar investment cannot be financed from the alre
Owner and operator of very large gas carriers Avance Gas said that its newbuilds VLGC Breeze and VLGC Monsoon are to join the company’s fleet by the end of May when their respective refitting should be completed. The company decided to drydock the two vessels having found technical defects on the ne
The new ship currently under construction for Princess Cruises will be based in Shanghai, China year-round when introduced in summer 2017, Carnival Corporation & plc announced. The ship will be the first year-round international luxury vessel designed and built specifically for Chinese guests. The a
