Owner and operator of bulk carriers Scorpio Bulkers Inc. has entered into agreements to sell seven newbuilding vessels for a total of approximately USD 290 million. The sale includes three Capesize newbuilding dry bulk vessels, a Kamsarmax newbuilding dry bulk vessel and three LR1 newbuilding produc
Bermuda-based shipowner Teekay has contracted Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard to convert one of its shuttle tankers into a Floating Storage and Offloading (FSO) vessel. Under the S$56 million contract, Sembawang Shipyard will work closely with Teekay to convert the shutt
Thailand-based Precious Shipping Ltd plans to rejuvenate its dry bulk fleet by scrapping its outdated Handysizes or by adding more fuel efficient ships. The company’s Managing Director Khalid M. Hashim, told Platts on the sidelines of the Sea Asia global shipping conference in Singapore, that the co
Monaco-based owner and operator of gas carriers GasLog Ltd. has agreed to charter three of its uncontracted 174,000 cbm LNG carriers that are currently under construction to Methane Services Ltd. (MSL), a subsidiary of BG Group. MSL will charter three newbuilds commencing mid-2018 and early 2019 for
The International Chamber of Shipping (ICS) has dismissed the recent claim by the European environmental lobby group Transport and Environment (T&E) that modern ships are less CO2 efficient than those built over 20 years ago as ‘fanciful’. The study finds that bulk carriers, tankers, and container s
Danish naval architects and designers at Knud E. Hansen have been chosen to design the third generation ferry for service between Nólsoy and Tórshavn in the Faroe Islands. The new ferry will replace the 40-meter RoPax ferry which is currently servicing the island of Nolsoy. The construction of the f
New York-listed cruise liner Royal Caribbean (RCCL) is reported to be in talks with Meyer Werft, the German owner of Meyer Turku Shipyard, over a contract on construction of cruise ships. Under the deal, if finalized, the construction of the ships would start in 2020 at the Finnish yard, the Helsing
French shipbuilder STX France has cut steel for the first Vista class ship of MSC Cruises, thus opening a new chapter in the company’s fleet history. The name of the new ship, MSC Meraviglia, was announced by the cruise liner at the steel-cutting ceremony held today in Saint-Nazaire. MSC Cruises sig
German container line Hapag-Lloyd ordered five 10,500 TEU container ships from the South Korean shipyard Hyundai Samho Heavy Industries, to be deployed on South American routes once the expanded Panama Canal opens. The ships are to be built at the yard in Samho, on the south coast of Korea. The new
Tokyo-headquartered shipbuilder Japan Marine United (JMU) held on April 17 a naming ceremony for a 81,085 dwt bulk carrier built for Bermuda-based BTG Shipowning III Ltd. The Panamax bulker named the BTG Denali is part of JMU’s energy saving ”G-series.” The ship is 229 metres long, 32 meters wide, w
Southern African Shipyards (SAS) has entered into a Memorandum of Understanding (MoU) with China Shipbuilding Trading Company (CSTC), a subsidiary of China State Shipbuilding Corporation. The MoU will see the largest shipyard in South Africa join forces with the largest ship building group in the wo
In an ever more competitive maritime market, shipowners need to know how to make the best out of emerging technologies so as to cut costs and ensure efficiency. However, as technology makes strides toward digitalization, it becomes increasingly challenging to discern what data to use in order to pre
Oleg Naydenov Sinks off Canary Islands A Russian trawler Oleg Naydenov sank some 15 miles off Punta Maspalomas, the Canary Islands, at around 22:45 local time Tuesday, Spain’s Salvamento Maritimo reports…. Read more Three Dockworkers Die in Antwerp Three dockworkers died on Saturday in Antwerp, Belg
The US shipbuilder General Dynamics NASSCO christened and launched the world’s first container ship powered by liquefied natural gas (LNG) at its shipyard in San Diego on April 18. In a nighttime ceremony attended by around 3,400 shipyard workers and guests, the 3,100 TEU Isla Bella, built for the U
