The UK’s Crown Estate and the Energy Institute (EI) have collaborated on the development of the publication ‘Construction vessel guideline for the offshore renewables industry’ to support the safe and successful delivery of offshore renewable energy projects in the UK, The Crown Estate says in a rel
MSC Armonia, the first of four MSC’s cruise ships to be enlarged and enhanced under the €200m Renaissance Programme, will be relaunched on 19 November for an inaugural cruise. MSC Armonia’s comeback cruise will depart from Genoa, Italy, on 19 November 2014 with her sights set on Las Palmas in the Ca
British-American owned cruise line Carnival Corporation & plc has raised its expectations for the full year 2014 net revenue yield amid improvement in booking trends. “The sustained improvement in booking trends as we have progressed through the year combined with yield increases in the second half
Finnish cargo shipping company Containerships has ordered two additional dual-fuel engine container ships from Yangzhou Guoyu Shipyard in China. The Finnish end-to-end cargo operator announced earlier this year an order of two similar vessels. The company says it will be the first shortsea container
Aker Philadelphia Shipyard, Inc. (APSI) hosted a keel laying ceremony yesterday, September 24th for the first of four Crowley Maritime Corp. product tankers.The 330,000-barrel, Jones Act tankers are being built through a joint venture between Crowley and Aker. Keeping with the long-held shipbuilding
Maersk Line plans to set aside close to USD 3 billion a year for the period 2015-2019 to finance shipbuilding projects, in an effort to further solidify its position of the shipping company with the largest operating fleet, Reuters reports. “The current orderbook (is) not sufficient to grow with the
China Cosco Holdings Co (CCHC) said it has entered into deals for a total of ten boxships worth USD 420.4 million. Cosco has ordered six 81,600-dwt kamsarmaxes worth $188.88m in total, 31.4 million each, through its Prosperity Investment unit. The kamsarmaxes will be built by Chengxi Shipyard with e
The shipping industry is ready for the introduction of new technology, all we need is a new generation of tech-savvy middle and senior managers, says Dr. Martin Stopford, author of textbook Maritime Economics. “The introduction of new technology is hindered by the industry’s current wide-spread lack
Norwegian investment company Maritime Opportunities (MO) has bought two supramax bulk carriers from German Banks for USD 45 million, while cancelling contracts for two 36,000 dwt bulker newbuildings at Samjin Shipping Industries (SSI), China. The two 57,000 dwt bulkers Emerald Strait and Endeavour S
Los Angeles-headquartered Edison Chouest Offshore has begun construction works on a logistics support base and naval repair shipyard for its own vessels at the Port of Açu, located in Sao Joao da Barra in northern Rio de Janeiro-RJ, Brazil. In April 2014, Chouest and Prumo Logistica signed the initi
Cosco Qidong Offshore and Cosco Dalian Shipyard have secured contracts valued at approximately USD 230 million to build a Floating Accommodation Unit (FAU) and a Module Carrier, respectively. COSCO Qidong Offshore Co. secured a contract from an unnamed Singapore entity to build the FAU, scheduled fo
Safe Bulkers, Inc., an international provider of marine dry bulk transportation services, has entered into a USD 210 million, six-year credit facility agreement with Norway’s DNB Bank ASA, secured by ten vessels. Athens-based Safe Bulkers will use the new credit facility to finance the acquisition o
Canada’s BC Ferries is planning to convert its two largest vessels, the Spirit of Vancouver Island and the Spirit of British Columbia, to dual fuel, as well as make modifications to the hull, in order to save approximately CAD 9.2 million per year over the remaining 27-year life cycle of the two ves
A USD 324.6 million Title XI loan guarantee has been approved to TOTE Shipholdings to finance the construction of two container ships that will utilize liquefied natural gas (LNG) as propulsion fuel, U.S. Transportation Secretary Anthony Foxx announced on Monday. The Title XI Loan Guarantee program
