South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received an order for a 174,000 cbm LNG carrier worth around USD 200 million, the company’s first LNG carrier order in 2015. DSME did not disclose the name of the client. The new LNG carrier will be equipped with the in-hou
Nautilus Minerals Inc and Marine Assets Corporation (MAC) have fallen victims to a cyber attack by an unknown third party, who took USD 10 million worth vessel deposit from what was believed to be MAC’s account, Nautilus said. The amount was intended to serve as part of a charterer’s guarantee worth
The U.S.-based Aker Philadelphia Shipyard, Inc., (APSI), the sole operating subsidiary of Oslo-listed Aker Philadelphia Shipyard ASA, has ratified a new four year collective bargaining agreement with the Philadelphia Metal Trades Council (PMTC). PMTC is the exclusive bargaining representative for pr
Scorpio Tankers has taken delivery of STI Alexis, an LR2 product tanker from Daehan Shipbuilding Co. Ltd. This vessel has been chartered out and is set to begin a voyage for 52 days at approximately USD 33,500 per day. The company has also exercised an option to extend the charter on one of its time
The Italian dry bulk and tanker owner and operator d’Amico Group took delivery of the 117,000 dwt dry bulk carrier named Cielo d’Italia at the Sanoyas Shipbuilding Corporation’s shipyard in Mizushima, Japan, on Tuesday, February 3. Back in 2013, the ship was completely redesigned and equipped with a
Japan’s Mitsubishi Heavy Industries (MHI) is pushing on with the last year’s plan to establish two new group companies at its Nagasaki Shipyard & Machinery Works’ Koyagi Plant – one to undertake ship construction and the other to manufacture hull blocks. MHI also plans to transfer its operations in
Japan’s Mitsui Engineering & Shipbuilding has posted JPY 557.93 billion (USD 4.75 bn) revenue for the nine months ending December 31, 2014, a 26.4% increase compared to the same period last year. However, despite the rising revenue, MES recorded JPY 9,248 billion (USD 78.8 m) net income, a 12% slide
Shanghai-listed dry bulk operator Ningbo Marine has ordered three handysize bulk carriers at China’s Jinling Shipyard thus pushing ahead with its fleet renewal. The three vessels feature 49,500 in DWT capacity each and are worth a total of USD 81.5 million, the company said in a filing to Shanghai s
South Korean gas and chemical tanker owner KSS Line has commissioned Hyundai Mipo Dockyard to build one 38,000 cbm LPG/ammonia carrier. The new mid-size carrier will cost USD 52 million to build, and will join the Seoul-based shipper’s fleet in February 2017, according to the company’s latest announ
Kuwait Oil Tankers Company (KOTC) has inked a deal with Bahrain-based Arab Shipbuilding & Repair Yard Company (ASRY) for dry-docking of record number of 19 tankers over three years. The value of the agreement is approximately USD 33 million, making it the largest of its kind made with shipyards acro
Operator and owner of Very Large Gas Carriers (VLGC) Avance Gas Holding has chartered out its newbuild VLGC Monsoon for a 60-90 days time charter. The Monsoon was delivered on 13 January 2015, together with its sister ship VLGCs Mistral. The Monsoon’s charter is set to commence in early February, at
Scorpio Bulkers said it has closed a previously announced credit facility worth USD 42 million with a leading European financial institution. The loan is intended to finance a portion of the purchase price of two Kamsarmax vessels, of which one Kamsarmax vessel was recently delivered to the company
NileDutch, Rotterdam-based shipping company specialising in cargo liner services from and to West Africa, held a naming ceremony for the second of four newbuild container ships, the 3,510 TEU MV NileDutch Dordrecht, at PSA Singapore Terminals. The four newbuild container ships will be registered in
Norwegian transport conglomerate Fjord1 has ordered two ferries of Multi Maritime design, Multi Maritime said in a release. The ferries will be built at Ada Shipyard in Tuzla in Turkey. The newbuilds will be double-ended ferries featuring approximately 70 m in lengh. The duo will have the capacity t
