Russian Prime Minister Dmitry Medvedev has signed a Decree which confirms the international status of all Russian ports, including those residing in the territory of the Republic of Crimea. Medvedev said that now border and customs procedures for arriving foreign vessels will be much more facilitate
The Japan Bank for International Cooperation (JBIC) has agreed to finance two Handysize bulk carriers ordered by Ultrabulk Shipping A/S Group, a member company of Chile-based shipholding group Naviera Ultranav Limitada (Ultranav), and operator of the group’s bulk carriers based in Denmark. The USD 3
Steel was cut on Monday, September 29 for the pilot gas tanker ordered by Sovcomflot Group, Russia’s largest shipping company, for transportation of LNG under Yamal LNG project. The vessel is being built by South Korean Daewoo Shipbuilding and Marine Engineering. The tanker will be operated under a
Four Chinese shipping companies have received subsidies from the Chinese government worth a total of USD 293.3 million for retiring old ships and upgrading their fleets, writes Reuters. China Shipping Development Co (CSDC) and China Shipping Container Lines (CSCL) announced in separate stock exchang
South Korea’s Samsung Heavy Industries Co. (SHI) has revealed plans to spread overseas by establishing the first facility abroad in an effort to revive production following the merger of Samsung’s shipbuilding and engineering units. Bloomberg reports that SHI is ready to invest around USD 950 millio
The image depicts what is envisaged to be the most pleasant hospital in the world, dubbed the White Sails Hospital & Spa. The medical facility, designed by Russian architect Vasily Klyukin, is planned to be built in Tunisia Economic City (TEC). A mammoth, ship-shaped structure would span across the
The former board chairman of China’s state-owned Hudong-Zhonghua Shipyard, Gu Tiquan, has been charged for taking bribe by the state’s Supreme People’s Procuratorate. Gu Tiquan was arrested in May under suspicion of having committed “serious violations”. The charges form part of a comprehensive corr
Mitsubishi Heavy Industries, Ltd. (MHI) has received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier. The LPG carrier on order is identical to vessels ordered from MHI by Astomos Energy late in 2013, and again in spring 2014. The carrier will offer fle
New York Stock Exchange-listed Dorian LPG Ltd., an owner and operator of Very Large Gas Carriers (VLGCs), has taken delivery of the ECO VLGC “Corsair” from Hyundai Heavy Industries. The “Corsair” will initially trade in the spot market and is the second newbuilding to be delivered to the company thi
Singapore Main Board-listed Nam Cheong Limited has sold one 5,150 bhp Anchor Handling Towing Supply Vessel (AHTS) to Norway’s Vega Offshore Group, and two 6,500 bhp AHTS; one to Dutch Vroon B.V., and the other to an unnamed ”repeat customer” in Asia. The company says that these three contract wins w
Navig8 Chemical Tankers Inc. has signed resale purchase agreements with an unnamed agribusiness group to purchase two ECO 49,000 dwt chemical tankers currently under construction at Hyundai Vinashin Shipyard Co. Ltd. The tankers were originally ordered by the agribusiness group, speculated to be Wil
Monaco-based tanker owner Scorpio Tankers Inc has taken delivery of four newbuilding vessels and agreed to time charter-in an LR2 product tanker that is currently under construction in South Korea, the company said. The following vessels have joined Scorpio’s tanker fleet: STI Orchard, an LR2 produc
The German Shipyard Flensburger Schiffbau-Gesellschaft (FSG) has found a new owner. The Norwegian controlled Siem Industries will take over command of the shipyard, including all its employees. Peter Sierk and Frank Bywater, the two Managing Directors of FSG, welcomed these recent developments. “We
Malaysia’s Petroliam Nasional Bhd (Petronas) started lifting of the first topside module for floating liquefied natural gas (PFLNG1) facility at the Quayside of Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Okpo, South Korea, on September 22. The topside module lifting marks the near
