The US project, breakbulk and heavy lift cargo transporter Intermarine has begun its Fleet of the Future deliveries with the addition and maiden voyage of the 20,000 dwt, 545-foot multi-purpose vessel Industrial Grand. The Industrial Grand features three cranes with a combined lifting capacity of up
Namibia’s ship repair industry serving the offshore sector is bracing for impact amid drop in oil prices that has significantly cut rig utilization in the region. Burgeoning West African offshore oil and gas industry has had a significant impact on Namibia, and specifically Walvis Bay. Between Afric
Norwegian company Viking Shiptech has developed a new patent pending shipping technology, which is expected to bring in considerable environmental benefits. The concept combines the delivery time speed of air transport and price range applicable for shipping. “The air transport has an 80 times highe
Aker Philadelphia Shipyard (AKPS) and the US shipping company Crowley Maritime Corp have secured a USD 325 loan facility for their joint venture related to the operation and chartering of at least four product tankers, the Oslo-listed shipbuilder said in an announcement. The joint venture has receiv
A new fast ropax ferry ordered by the Estonia based Tallink Grupp for its Tallinn – Helsinki route, will feature Wärtsilä dual-fuel engines running primarily on liquefied natural gas (LNG). The ship is to be built at the Meyer Turku shipyard in Finland and is scheduled to be in operation from the be
Royal Caribbean’s new cruise ship Anthem of the Seas was safely and successfully conveyed to the open sea, the ship’s builder, Germany’s Meyer Verft informed. The river passage started in Papenburg on Tuesday, March 10 at about 14.30 pm. At around 3.15 am today the ship passed the river Ems barrier
Zhongchang Marine has cancelled a 47,500 dwt bulker order at China’s Jiangsu Eastern Heavy Industries, a subsidiary of Singapore-listed JES International. The decision comes a week after JEHI filed for debt and liabilities restructuring at Taizhou Intermediate People’s Court. Zhongchang Marine said
Intra-Asia shipping and logistics company SITC International Holdings held a naming and delivery ceremony for its 1,800 TEU container ship SITC Fujian at CSBC Corporation’s Keelung Factory in Taiwan. SITC Fujian is the third vessel in a series of four 1,800 TEU container ships ordered at CSBC back i
The keel of the first of nine Liquefied Natural Gas (LNG) carriers ordered by Teekay Corporation has been laid at South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co., Ltd, Teekay said. Teekay signed up for six 170,000-cbm Arc7 vessels and Mitsui OSK Lines (MOL), in partnership with
After plunging to unprecedented low levels at the beginning of the year, the Baltic Dry Index is en route for recovery based on the latest figures. Namely, the BDI stood at 565 points last week.The rebound has been driven by strong vessel demand from the sector, Reuters reports, pushing daily rates
USD 81 billion will be spent on Floating Production and Storage units (FPS) between 2015 and 2019, 73% more compared to 2010-2014, despite the current low oil price environment, the market analysts from Douglas-Westwood project in their ”World Floating Production Market Forecast 2015-2019.” The valu
South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering (DSME) has set its orderbook target at USD 13 billion for 2015 basing its forecast on the key indicators of the current business environment. The shipbuilder reported a full year net income loss of KRW 208.9 bn, down 86.4 % w
The US shipbuilder General Dynamics NASSCO held a keel laying ceremony for the first ECO tanker for American Petroleum Tankers (APT) under construction at the company’s shipyard in San Diego. The ECO tanker is the first of a five-tanker contract between General Dynamics NASSCO and APT, which calls f
Holland America Line’s new cruise ship ms Koningsdam has been floated out and transferred from its dry dock to its outfitting dock at Fincantieri’s Marghera shipyard in Italy. At the outfitting dock, final construction and interior furnishing will take place until the ship is delivered March 31, 201
