Knutsen NYK Offshore Tankers (KNOT) has through a subsidiary signed a deal for a long-term time charter to an international oil company of a new DP2 suezmax shuttle tanker. The vessel, expected for delivery in the first quarter of 2017, has been ordered at Cosco Zhoushan in China and will be a siste
P&O Maritime Services Pty Ltd has decided to pull back from the Australian Government’s procurement process for a new icebreaker. The company formally notified Australian Department of the Environment that it was withdrawing from the process in late December 2014. The reason behind the withdrawal re
Finnish shipping company Meriaura Group has entered into a contract with Dutch shipyard Royal Bodewes for construction of two 4700DWT VG EcoCoasterTM general cargo vessels. The contract for two newbuildings was signed in Turku in December and comes as Meriaura aims to regenerate its fleet with vesse
Rolls-Royce has been selected by the Alaska Department of Transportation and Public Facilities, via its Alaska Marine Highway System, and Vigor Industrial, to provide propulsion systems for its future Alaska Class ferries that will be built by Vigor Shipyards in Ketchikan, Alaska. The two Alaska Cla
Dubai government-owned conglomerate Dubai World has struck a new deal with creditors to extend and amend its outstanding USD 14.6 billion debt, Reuters reports citing company announcement. The deal envisages full early repayment of 2015 maturities of USD 2.92 billion in addition to extension of the
Aker Philadelphia Shipyard held a naming ceremony for the second of two tankers being constructed for SeaRiver Maritime, ExxonMobil’s U.S. marine affiliate. The 800-foot, 115,000 deadweight ton (dwt) tanker was formally christened and given the name Eagle Bay. The double hull Eagle Bay has capacity
Departure of Maersk Line’s 14th Triple-E vessel, the Munkebo Maersk, from Dalian, China, has marked the official start of Maersk Line’s new East-West Network as a result of 2M Alliance between MSC and Maersk. The Munkebo Maersk has been freshly delivered by Daiwoo Shipbuilding and Marine Engineering
Quantum Scorpio Box has exercised options at South Korean shipbuilder Samsung Heavy Industries (SHI) for construction of three additional 19,200 TEU containerships. The price tag for the three giant containerships amounts to USD 450 million, USD 150 million per each vessel. The order brings Scopio’s
NYSE-listed owner and operator of Very Large Gas Carriers (VLGC) Dorian LPG has received commitments for up to USD 761 million of debt financing for its VLGC newbuilding program. The financing has four separate tranches. USD 250 million of commercial debt financing is being provided by ABN AMRO; ING
Star Bulk Carriers Corp. has priced its underwritten public offering of 49,000,418 of its common shares at a price of USD 5.00 per share. The offering is expected to close on January 14, 2015, subject to customary conditions. The company intends to use the net proceeds from the offering for its newb
Some 100,000 TEU of new container ships scheduled for delivery in 2014 is estimated to have slipped into 2015. While this helped to narrow the gap between supply-demand last year it will only add to the supply pressure this year, according to Drewry Maritime Research. Drewry believes that further de
The Saga Cruises-owned Saga Sapphire left Damen Shiprepair Rotterdam on December 19, after receiving extensive repair and refurbishment works as well as a scheduled Class Survey. The most challenging item on Damen’s to-do list was replacing the 200-metre vessel’s two sewage plants. ”To get to the se
DSME Christens World’s Biggest Containership Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which with the nominal capacity of 19,224 TEU has claimed the title of the world’s biggest containership.…Read more VIDEO: Pieter Schelte Reaches Rotterdam The w
Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which with the nominal capacity of 19,224 TEU has claimed the title of the world’s biggest containership. The naming ceremony was held on Thursday, January 8th at DSME’s Okpo shipyard, Geoje in South Gyeong
