Oslo-listed Norwegian Car Carriers has placed an order for two Pure Car Truck Carrier (OCTCs) at Korean shipbuilder Hyundai Samho Heavy Industries. The contract stipulates an option for two additional units, shipbuilding data from Asiasis shows. The value of the deal has not been disclosed. The duo
The U.S. Maritime Administration (MARAD) has announced that USD 900,000 in federal funding is available to support the conversion of existing U.S. flag vessels to liquefied natural gas (LNG) propulsion. The funding has been assigned within a demonstration project aimed by MARAD to support further ac
Lloyd’s Register has issued new emissions guidelines and updated technical information to help operators in their investment decisions ahead of the enforcement of a global 0.5% cap for SOx emissions. The time for decisions is fast approaching. If in 2012, when an earlier version of this report was i
Japanese-shipping company Mitsui O.S.K. Lines, Ltd. has signed a contract with compatriot shipyard Minaminippon Shipbuilding Co., Ltd. to construct four next-generation car carriers. The vessels will be delivered in 2017 and 2018 and serve on MOL’s worldwide car carrier services. According to MOL, d
Russian Prime Minister Dmitry Medvedev has tasked the country’s ministers with developing a strategy to support the country’s shipbuilders, the Russian Government said in a release. The aim of the strategy is to attract more orders at domestic shipyards, both from the offshore sector and newbuild co
German container line Reederei NSB successfully floated out MSC Geneva, the first ever container ship to undergo a process of widening which will increase the ship’s capacity from 4,860 TEU to over 6,300 TEU once all the work is completed, the company said in a release. MSC Geneva is the first of th
The first cargo from the world’s first floating liquefied natural gas (LNG) project, owned by Malaysian oil and gas company Petroliam Nasional Berhad (Petronas), is expected in the first quarter of next year. “We expect the first cargo of LNG to be available in the first quarter of 2016,” Petronas V
Hanjin Heavy Industries & Construction’s (HHIC) Philippines-based Subic Shipyard has signed a deal to build six 11,000-TEU containerships for European and Asian shipping companies, the company said. HHIC did not disclose the names of the companies behind the orders. The shipyard won six 11,000-TEU c
The San Francisco Port Commission has executed a new 20-year lease agreement with BAE Systems for maritime ship repair, including a provision that could extend shipyard operations through to 2045. BAE Systems San Francisco Ship Repair currently leases the Port’s Pier 70 shipyard and two floating dry
Responding to conflicting claims about the conclusions the study it prepared for Seas At Risk and Transport & Environment on shipping’s efficiency in the press and most recently the criticism of the International Chamber of Shipping (ICS), consultancy firm CE Delft stood firm behind its findings. “C
Board members of the Saudi Arabian Oil Company, parent company of National Shipping Company of Saudi Arabia (Bahri), have visited South Korea’s top shipbuilder Hyundai Heavy Industries (HHI). The visit is reported to form part of negotiations between the two parties on ordering up to 10 tankers, Reu
China Huarong Energy Company Limited, formerly known as China Rongsheng Heavy Industries, has identified a Chinese company listed on a stock exchange in China as a potential buyer of its Jiangsu Rongsheng Heavy Industries shipyard. The undisclosed buyer is further negotiating with the China Huarong
COSCO (Dalian) Shipyard has secured a Floating Production Storage and Offloading vessel (FPSO) conversion contract from MODEC Offshore Production Systems (Singapore). The new contract will bring the shipyard and its parent company, the Singapore-based COSCO Corporation, around USD 95 million. The co
Several leading banks in the shipping industry, including HSH Nordbank and KfW IPEX-Bank, use energy-efficiency data in making investment and financing decisions, according to the NGO Carbon War Room (CWR). HSH Nordbank, KfW IPEX-Bank, and other banks surveyed by CWR have indicated that vessel effic
