The Oslo-based NGO Bellona Foundation has launched a three-year partnership with Dutch Damen Shipyards Group aimed at exploring and developing concept vessels for the future. The agreement was officially signed on March 18 during an industry event in Stavanger. Under the partnership, the NGO and Dam
Scorpio Tankers said that it has received commitments from two leading European financial institutions for two separate loan facilities of up to USD 113.2 million. The loan is intended to partially finance the purchase of four LR2 product tankers that was announced in December 2014. A USD 52 million
UAE-based shiprepair facility Drydocks World has simultaneously berthed 11 rigs in the Dubai yard setting a new record. During February the yard set a record of 9 rigs in the yard and only one month later the yard has increased the number by over 20% totaling 11 rigs. The company said that it has se
India’s Cochin Shipyard Ltd has entered into a deal with South Korean shipbuilder Samsung Heavy Industries Co. Ltd on exchanging technology for construction of planned liquefied natural gas (LNG) carriers for the country’s gas utility Gail. “Cochin Shipyard has signed an agreement with Samsung Heavy
South Korea’s STX Offshore & Shipbuilding has won an order from an unnamed Singapore-based shipping company, possibly BW Group, for two LR1 oil tankers. Through the new contract, the shipbuilder will add KRW 106 billion (USD 95 million) to its order book. The tankers are expected to be delivered to
Cosco Zhoushan Shipyard, a subsidiary of Cosco Corporation (Singapore) Limited, has delivered a 64,000 DWT bulk carrier MV Darya Chand to India’s Kamal Shipping. The vessel measures 199.9 meters in LOA (length of all), 32.26 meters in breadth and 18.5 meters in depth. The bulker was classed by Lloyd
Taiwan-listed ship owner U-Ming Marine Transport Corp has revealed plans in a stock exchange filing to order a cement carrier duo. The move stems from the company’s desire to renew its fleet replacing aged vessels with more fuel efficient and environmentally-friendly units. Details of the vessel par
South Korean shipbuilders remain on top in terms of global shipbuilding orders, based on Clarkson’s research statistics for February 2015. The global top five orderbook ranking is lead by Korea’s Daewoo Shipbuilding and Marine Engineering’s Okpo Shipyard (7.957 million CGT), Hyundai Heavy Industries
Shaghai-listed COSCO Shipping Co., Ltd. (Coscol) has placed an order for two additional 28,000 dwt heavy lift ships with Shanghai Hudong-Zhonghua Shipbuilding. The order forms part of a previously inked contract for 4+2 28,000 DWT heavy lift ships, with the order for four firm units confirmed in Jan
India’s gas utility Gail India Ltd is about to issue a new tender for the construction of nine LNG carriers which is expected to facilitate the bidding process and remove hurdles that have prolonged the project. “The tender would be re-issued with changed norms,” a senior government official is quot
The Damen Yichang Shipyard in China, a joint venture between Damen Shipyards Group and Sinotrans CSC, is about to finalize plans for LPG tanker construction, which would be the yard’s first. The plans have been revealed within shipyard’s strategy switch to a new direction in shipbuilding, targeting
MSC Cruises has revealed that the first of its next generation “Seaside” class of ships will be named MSC Seaside and sail year-round from Miami to the Caribbean. Following the first ship’s delivery from the shipyard, MSC Seaside will make her way to Miami for MSC Cruises’ first ever christening cer
BW LPG Limited has taken delivery of BW Gemini, the third Very Large Gas Carrier (VLGC) in its newbuilding program of eight VLGCs. The BW Gemini is partly financed by the USD 400 million loan facility agreement signed in February with KEXIM, DNB and SEB, as lending banks. “BW Gemini, the third newbu
Oslo-listed Aker Philadelphia Shipyard ASA (AKPS) has, through its wholly-owned U.S. subsidiary Aker Philadelphia Shipyard, Inc. (APSI), executed definitive documentation with PIDC Regional Center for a loan of up to USD 60 million to finance its joint venture tanker deal with Crowley Maritime. The
