Swire Group’s marine services arm The China Navigation Company (CNCo) will through its liner shipping division Swire Shipping take delivery of four new multipurpose 22,100 dwt “Chief Class” vessels from Ouhua Shipyard over the next two months. After the deliveries, Swire plans to launch a new expres
A new CE Delft study has revealed that many recently constructed ships already meet the International Maritime Organisation’s design efficiency standard for 2020, indicating that there is significant room for tightening these standards when the IMO meets next week, European environmental lobby group
Teekay LNG Partners L.P. intends to issue a minimum of NOK 700 million in new senior unsecured bonds in the Norwegian bond market worth a total of approximately USD 90 million. The company said it would direct the net proceeds from the bonds for general partnership purposes, including funding of new
Bermuda-headquartered owner and operator of liquefied natural gas (LNG) carriers Golar LNG has signed a 20-year tolling contract with Ophir Energy for the floating liquefaction and storage vessel GoFLNG Gimi, scheduled to start operations offshore Equatorial Guinea in the first half of 2019. Golar a
The European Union has set aside EUR 16 million for the e-Ferry project run jointly by Denmark, Greece and Norway. e-Ferry will build the first mid-size 100% electrically powered ferry to link Aero island to mainland in Denmark. The ferry will be powered by wind sourced electricity and will be able
Dutch shipbuilding and ship repair specialist Damen Shipyards and Nederex have signed a Memorandum of Understanding with Curaҫao Ports Authority (CPA) to offer ship repair and maritime services on this Caribbean island. Last year CPA and Nederex signed a concession agreement with regard to the activ
South Korea’s Hyundai Heavy Industries (HHI) has won a USD 295 million Gazprom Flot tender to construct a floating regasification plant for the planned Kaliningrad LNG terminal on Russia’s Baltic coast, Gazprom reports. HHI was chosen over the other two of South Korea’s shipbuilding heavyweights: Da
Singapore-listed offshore marine engineering, shipbuilding, ship repair & conversion and dry bulk shipping group Cosco Corporation (Singapore) Limited reported a SGD 991 million (USD 748 million) turnover for the quarter ending March 31, 2015, a 5% dip compared to the same period a year before, trig
Tsuneishi Shipbuilding has received its first order for the newly developed 38,300 mt type log and bulk carrier, the TESS38, from a Japanese ship owner. The shipbuilder said that the order was received for multiple ships of this model, adding that a contract signing ceremony was held on April 14 at
Chinese shipbuilder Xiamen Shipbuilding Industry has received an order for construction of two 2,100 ceu Pure Car/Truck Carriers (PCTC). The order has been placed by repeat customer Shanghai Zhongpu Shipping, according to Asiasis. The company already has two PCTCs on order at the yard, as it signed
China COSCO Holdings managed to slash its quarterly annual loss by 45.3%, and is trying to move forward with the previously announced ore transportation agreement with Brazil’s mining corporation Vale. China COSCO ended the first three months of 2015 with a RMB 1.03 billion (USD 166 million) loss, a
United Arab Shipping Company (UASC) named its first LNG-ready ultra-large container vessel at Hyundai Samho Heavy Industries (HSHI), Mokpo South Korea today. With a loading capacity of 18,800 TEU, the DNV GL classed vessel M.V. ‘Barzan’ will be the largest in UASC’s fleet to date and will set new st
NileDutch, a Rotterdam-based shipping company specialising in cargo liner services from and to West Africa, held a naming ceremony for the third of four newbuild container ships, the 3,510 TEU MV NileDutch Antwerpen, at IMT Terminals in Antwerp, Belgium. The four newbuild container ships will be reg
Croatian tanker owner and operator Tankerska Next Generation (TNG) is planning to take delivery of the first out of two MR2 tankers under construction at South Korea’s Hyundai Mipo Dockyard today, upon which this vessel will start a three year time charter at approximately USD 17,250 per day, the co
