Chinese shipbuilder Hudong Zhonghua Shipbuilding, a wholly-owned subsidiary of China State Shipbuilding Corporation, has named its first LNG carrier built for export. The 172,000 cbm LNG carrier was named Papua during a ceremony held in Shanghai on January 8th. Construction of the LNG carrier was jo
The following gallery shows the new DOC 8500 cable laying vessel recently delivered by Dutch shipbuilder Damen to international offshore contractor Van Oord. Named Nexus, the 126-metre vessel is intended for the installation of electricity cables for offshore wind farms. Van Oord is currently making
Dry bulk transportation company Star Bulk Carriers Corp. said it plans to make an underwritten public offering of its common stock aimed at financing its newbuilding program. Jefferies LLC and Morgan Stanley & Co. LLC will act as joint book-running managers for the offering, the company explained. S
Golar LNG is offering 7,170,000 common units, representing limited partner interests in Golar LNG Partners LP, to fund a portion of the recently announced contract with Keppel Shipyard to convert the 126,000 cbm LNG carrier Gimi into a floating natural gas liquefaction facility (FLNGV). Golar says t
The world’s largest vessel Pieter Schelte, owned by Allseas, has arrived in Rotterdam, the Netherlands. The behemoth crane vessel has arrived from South Korea to Rotterdam for final outfitting. The giant vessel will be moved to Alexiahaven where a berth has been specially designed and dredged for th
Container shipping giants Maersk, MSC and CMA CGM have claimed three top spots on the list of companies that had the biggest fleet capacity increase last year. As shown in Alphaliner’s 2014-2015 fleet review, Maersk increased its capacity by 12%, MSC by 7% and CMA CGM by 9%. A.P.Møller-Maersk increa
Russia’s renewed focus on the commercial shipbuilding industry was set as a key aim by Prime Minister, Dmitry Medvedev in his recent discussions on the development of the sector through 2015. Various industry ministries have been charged with analysing industry prospects until 2030, with the finding
Marshall Islands drybulk company Baltic Trading Limited has entered into a new credit agreement with Nordea Bank Finland plc and Skandinaviska Enskilda Banken AB for a USD 148 million senior secured credit facility. The new five-year credit facility is comprised of a USD 115 million revolving credit
Cork-based Ardmore Shipping has taken delivery of a 25,000 DWT IMO II product and chemical tanker, the Ardmore Cherokee, built at Fukoaka Shipbuilding in Japan. The Ardmore Cherokee is the fifteenth vessel to join Ardmore’s fleet on the water, where she has been placed under the technical management
Japanese shipbuilder Tsuneishi has delivered its 200th Kamsarmax BC, making this in-house designed model the company’s top selling ship. The 82,000-mt D/W type bulk carrier Ultra Lion, built in China by Tsuneishi Group (Zhoushan) Shipbuilding, was built for Kambara Kisen. The Kamsarmax bulk carrier
India’s gas utility Gail India Ltd has postponed for the third time the closing date for the tender aimed at construction of its LNG ships. Gail has inked long term agreements with the US based companies Cheniere Energy Partner and Dominion Resources for transportation of LNG from Sabine Pass and Co
Workers at South Korean shipbuilder Hyundai Heavy Industries (HHI) voted down a tentative wage agreement with the company’s management on Wednesday. HHI informed on December 31 that a tentative agreement had been reached with the labor union on the wage and collective bargaining agreement for the ye
Japanese shipping company K Line plans to tap into potential of the tanker market that has seen a clear upswing in the second half of 2014. Namely, better performance of K Line’s Energy Transportation Business, which includes the healthy LNG and LPG carriers segment, is expected in 2015, as explaine
YM Enlightenment, a 4,662 TEU full-container vessel built for the Taiwanese shipping company Yang Ming by CSBC Corp., Taiwan, was named at a ceremony held at CSBC Kaohsiung Shipyard on January 5, 2015. YM Enlightenment is the third of five 4,662 TEU full-container vessels built for Yang Ming by CSBC
