Fred. Olsen Cruise Lines’ three ships Black Watch, Braemar and Balmoral are all due to enter dry dock at the Blohm+Voss shipyard in Hamburg, Germany in November and December 2014. The drydocking will prepare the vessels for the forthcoming 2015/16 cruise season. According to the Norwegian-owned crui
Greek tanker operator Tsakos Energy Navigation (TEN) has secured a long-term time charter with a national oil company for its new DP2 Suezmax shuttle tanker scheduled for delivery in the first quarter of 2017, with an option for a second vessel. As explained by TEN, shuttle tankers are a highly spec
The world’s largest cruise ship operator Carnival Corporation & plc said it would increase fleet capacity by nearly 10 percent from 2014 through 2016, fueled largely by the addition of four new ships across four brands in less than 18 months. This week, Carnival Corporation is christening two new sh
Höegh LNG Holdings Ltd. has declared the option for a fifth Floating Storage and Regasification Unit (FSRU) at Hyundai Heavy Industries (HHI) in South Korea. The FSRU, which will be delivered during the first half 2017, has full trading capability and increased regasification capacity compared to th
Canada Steamship Lines’ next generation bulk carrier CSL Welland set out on Wednesday on her maiden voyage from China to Canada, where she will serve as the latest addition to CSL’s Trillium Class fleet on the Great Lakes and St. Lawrence River. The 36,100 tonnes in deadweight, Seawaymax gearless bu
South Korea’s Daewoo Shipbuilding and Marine Engineering has been chosen by Korea Gas Corporation (Kogas) to build four 174,000 m3 LNG carriers, while Samsung Heavy Industries will build two carriers featuring the newly developed KC-1 cargo hold system together with Kogas’ onshore membrane LNG tank.
Liquid gas transporter Evergas has reached an agreement with INEOS to expand its newbuilding series of ethane/multigas vessels from six to eight units. In January 2013, Evergas announced for the first time that it had secured shipping agreements of up to 15 years with INEOS for the world’s first tra
CIT Maritime Finance provided USD 64 million in senior secured credit facilities to Tanker Solutions III, LLC, a joint venture between Prime Tanker Management and funds managed by Castlelake, L.P. The facilities support the purchase of up to five long-range (LR1) product tankers, three of which have
Navigator Holdings Ltd. has ordered two 22,000 cubic meter semi-refrigerated liquefied gas carriers at Hyundai Mipo Dockyard in South Korea at a construction cost of USD 51 million each, the company said in a release. Navigator, owner and operator of a fleet of Handysize liquefied gas carriers, expe
International classification society Bureau Veritas has developed a voluntary notation intended to assist shipbuilders and operators reduce underwater noise radiating from ships. The comprehensive set of standards and measuring services is grouped as NR614 Underwater Radiated Noise (URN). It aims to
The tanker fleet has phased out quite rapidly, according to the latest Clarksons’ review on demolition of ships. Different trends have been recorded over the recent period that saw various types of ships retired and scrapped at different ages, with some ship reaching up to 30 years of service. Howev
Kuwait Oil Tanker Company (KOTC) has taken delivery of its fourth and last Very Large Crude Carrier (VLCC) of its Phase III Fleet Newbuilding Project. The VLCCs were built by South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME). Al Kout – classed to ClassNK is 333 m in length, 60 m in bre
Singapore Exchange mainboard-listed COSCO Corporation (Singapore) Limited has recorded a 17.1% increase in turnover in Q3 2014 compared to Q3 2013 on the back of increases in shipyard and dry bulk shipping revenues, the company said in a release. Turnover from shipyard operations increased 17.2% in
Guangzhou Shipbuilding International (GSI) has revealed plans to acquire its sister company CSSC Huangpu Wenchong Shipbuilding Company, and related shipbuilding assets held by Yangzhou Kejin. Huangpu Wenchong is CSSC’s primary base for defense ships, special engineering vessels and ocean engineering
