Dry bulk vessel owner Diana Shipping Inc. has added two vessels to its fleet, a second-hand Kamsarmax and a newbuild Capesize bulker. Diana signed, through a separate wholly-owned subsidiary, an agreement to acquire from a different unaffiliated third party a new-building Capesize dry bulker of appr
World’s top shipbuilder Hyundai Heavy Industries (HHI) posted a widened net loss in the first quarter of 2015 recording a net loss of KRW 125.2 billion (USD 117 million), 37.6 % drop year-on-year. HHI said that its shipbuilding activity was considerably affected by a slump in newbuilding orders coup
Finnish cargo-handling machinery maker Cargotec plans to lay off around 220 employees at its subsidiary MacGregor, justifying the decision by the weakening offshore and merchant shipping market. MacGregor, which specializes in the construction of marine and offshore cargo-handling equipment, saw a d
Today’s image shows USS John Finn (DDG 113), the US Navy’s 63rd Arleigh Burke (DDG 51) class destroyer, docked at the Pascagoula-based Huntington Ingalls Industries (HII) shipyard. Her keel was laid in November 2013, and the christening ceremony is planned for May 2. The ceremony will be attended by
Borsa Italiana-listed tanker owner d’Amico International Shipping S.A. (DIS) has through its Ireland-based subsidiary d’Amico Tankers, inked a deal for the construction and sale of two new Long Range (LR1 – 75,000 DWT) product tankers with South Korean shipbuilder Hyundai MIPO Dockyard. The ECO desi
Owner and operator of bulk carriers Scorpio Bulkers Inc. has resumed the sell-off of its newbuiling orders as it moves to cut expanses. Scorpio said that it has entered into agreements to sell two Capesize newbuilding dry bulk vessels and an Ultramax newbuilding dry bulk vessel for approximately USD
Japanese shipbuilder Mitsui Engineering & Shipbuilding (MES) delivered a 56,000 dwt type bulk carrier MV New Boundary to Panamanian New Prevail Line in a ceremony held at its Chiba Works Shipyard on April 28, 2015. This is the 10th ship of the shipbuilder’s ”neo56BC” eco-ship design, capable of acco
Responding to challenges in the newbuilding market plagued by overcapacity and decline in new orders, Chinese shipbuilding conglomerate COSCO Shipyard Group (CSG) has decided to switch focus so as to adapt to these changes. In 2014, due to the sluggish global economy, global shipbuilding orders decl
A chemical tanker fleet operator Navig8 Chemical Tankers has taken delivery of two more ECO 37,000 dwt chemical tankers constructed at Korea’s Hyundai Mipo Dockyard (HMD). The 42,000 cbm Navig8 Ametrine and Navig8 Aventurine are the fourth and the fifth out of eighteen chemical tankers ordered at HM
South Korean shipping company Hyundai Merchant Marine (HMM) has decided to cancel order for two dry bulk carriers placed in 2013. The ships were ordered based on a long-term charter agreement with a third party, HMM disclosed in a Korea Stock Exchange filing. HMM added that the reason behind the can
Singapore-based owner and operator of gas carriers BW LPG Limited has taken delivery of BW Leo, the fourth Very Large Gas Carrier (VLGC) in its newbuild programme of eight VLGCs from South Korea’s Hyundai Heavy Industries. The BW Leo is financed by a combination of free cash and the USD 400 million
Bermuda-registered dry bulk shipping company Golden Ocean Group Limited has taken various initiatives with respect to its fleet, including adjustments to its newbuilding program, as it endeavors to strengthen its cash position and balance sheet in the current weak market. Within the framework of tho
Monaco-based tanker specialist Scorpio Tankers has taken delivery of one LR2 and one MR product tanker newbuild. The STI Oxford is an LR2 product tanker delivered from Hyundai Samho Heavy Industries, which upon delivery began a voyage for 50 days at approximately USD 41,000 per day. The MR tanker ST
Video: NASSCO Launches World’s First LNG-Powered Container Ship The US shipbuilder General Dynamics NASSCO christened and launched the world’s first container ship powered by liquefied natural gas (LNG) at its shipyard…. Read more Susan Maersk Runs Aground in Suez Canal Danish-flagged containership
