China Cosco Holdings Co. is gearing up to order at least ten 19,000 TEU containerships, an investment worth around USD 1.4 billion, the Wall Street Journal writes citing sources with direct knowledge of the matter. As informed, the order is expected to be placed by the end of May at a Chinese shipya
South Korean shipbuilder Samsung Heavy Industries (SHI) will build the world’s largest containerships yet having received an order for the construction of 21,100 TEU units. The order was placed by OOCL last week, however the announcement said that the ships would pertain to the 20,000 TEU class. SHI
South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) is undergoing a tax probe launched amid speculations on the shipbuilder’s involvement in illegal overseas fund transactions. The investigation is likely to spread toward the shipbuilder’s affiliates. Hyundai Heavy has 26 affiliate
The US shipbuilder General Dynamics NASSCO held a steel cutting ceremony for the third Jones Act ”ECO” tanker to be built for American Petroleum Tankers at its San Diego-based shipyard. A part of a five-tanker contract, this 50,000 deadweight ton product carrier will be LNG-conversion ready and will
South Korean shipbuilder Hanjin Heavy Industries confirmed on Monday that it will build the three CMA CGM’s 20,600 TEU boxships as the French liner company joins the club of 20,000 TEU owners. The liner company announced the construction plans at the end of March, without disclosing details on the p
Kleven’s newbuild duo are pictured here testing their mettle in the North Sea. The two are purpose-built offshore construction vessel Grand Canyon II (on the left) being built by Myklebust Verft and offshore supply ship Olympic Bibby being built by Kleven Verft (on the right) sailing side by side on
New York-listed tanker owner Scorpio Tankers Inc. has welcomed into the fleet three newbuilding vessels in March from three different Korean yards. STI Pontiac, an MR product tanker, was delivered from Hyundai Mipo Dockyard of South Korea. Upon delivery, this vessel began a time charter for up to 12
The LNG-powered ferry F.A.Gauthier, built by Fincantieri at its shipyard in Castellammare di Stabia, Naples, left the yard on Wednesday bound for Matane, in Québec, Canada having completed sea trials. The delivery to Société des traversiers du Québec (STQ), a Québec crown corporation that operates i
Holland America Line’s newbuild, currently under construction at Fincantieri’s Marghera shipyard in Italy, ms Koningsdam will be homeported at Port Everglades in Fort Lauderdale, Fla. following its inaugural Europe season in 2016, the cruise liner said. The ship is going to embark on its maiden voya
Nasdaq-listed owner and operator of tanker, container and dry bulk ships Capital Product Partners has taken delivery of the 50,000 dwt newbuilding tanker M/T Active, and agreed on new time charter employment for two of its tankers at increased day rates. M/T Active was built by South Korea’s Samsung
Rickmers Reederei investing up to USD 260 million in three state-of-the-art container ships.
The Oslo-listed Ocean Yield ASA has entered the tanker market, buying eight newbuilding chemical tanker resales for a total consideration of USD 306.8 million, in combination with 15-year “hell and high” bareboat charters to Navig8 Chemical Tankers. The first four vessels, being 37,000 dwt IMO II ch
World’s first LNG-powered containership is scheduled to hit the water in April.
The Arleigh Burke-class (DDG 51) Aegis guided missile destroyer, John Finn (DDG 113), was launched at first light on 28th of March, 2014 by Huntington Ingalls Industries. Arleigh Burke-class destroyers are highly capable, multi-mission ships that can conduct a variety of operations, from peacetime p
