The 2014 had been a much more rewarding year for owners than 2013 with positive spikes seen in the spot market and a definite shift in sentiment, with reasonable expectations for the second half of the year, according to the UK shipbroker Gibson. Based on Gibson’s latest Weekly Tanker Report, some 3
An enraged mob of around two hundred aquaculture farmers and close to one thousand locals from Guangzhou province forced their way into Fujian Huadong Shipyard, smashing the office building and parts of the shipyard infrastructure, forcing the shipyard to temporarily suspend its operations, Reuters
The State of Alaska and Vigor Industrial have reached a final agreement to construct two Alaska Class Ferries at Vigor Alaska in Ketchikan. The vessels will be the first Alaska Marine Highway System ferries built in Alaska. Alaska’s Governor Sean Parnell made the announcement at a community event he
Shellfish such as mussels and barnacles secrete very sticky proteins that help them cling to rocks or ship hulls, even underwater. Inspired by these natural adhesives, a team of MIT engineers has designed new materials that could be used to repair ships or help heal wounds and surgical incisions. To
Norwegian Cruise Line executives and officials from Meyer Werft took part in the keel-laying ceremony of Norwegian Escape on Friday, September 19, 2014. During the ceremony, block number 35/41, one of 86 blocks that will comprise the 164,600 gross ton-vessel, was lifted into the covered building doc
Maersk Line has taken delivery of their 12th Triple-E vessel named Mogens Maersk. Maersk Line’s Chief Commercial Officer Stephen Schueler decided to memorialise the moment by snapping a few photos during the delivery ceremony at Busan Shipyard in South Korea. The Maersk Triple E class is a family of
As the shipping industry progresses toward bigger and ever more complex ships we are seeing shipbuilding giants battling for supremacy in building a better, bigger and more advanced vessel. The slightest upgrades in size or efficiency can bring in enormous profits or slash operational costs on a glo
It’s been three years since the works started on Teekay’s largest project to-date, FPSO Petrojarl Knarr. In early June, construction of the vessel was completed, and in July 2014, the Petrojarl Knarr FPSO sailed away from the shipyard and was on track to the North Sea to commence its charter contrac
The first piece of steel was cut at Meyer Werft in Papenburg, Germany for the construction of the third ship of Quantum class for Royal Carribean International, the shipbuilder informed. Richard D. Fain, CEO of Royal Caribbean Cruises Ltd., pushed the button of the plasma torch as the first plate of
South Korean operator Seaspovill signed its second contract for a Fast Ferry with the Netherlands-based shipbuilder Damen Shipyards Group. The Fast Ferry 4212 – to be named SEA STAR 5 – will operate between Mookho and Ulleung-Do at the East-coast of South Korea. The ferry is a high-speed catamaran p
BW Group, a global maritime company involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deepwater production, has signed shipbuilding contracts with Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) for two Liquefied Natural Gas (LNG) carriers
Shipowner and operator Swire Pacific Offshore (SPO), celebrated the Naming of Pacific Gannet, its First of ten IMT984 G Class Platform Supply Vessels (PSV) in Japan on September 12, 2014. The high specification G Class vessels with their fuel-efficient design are the latest addition to SPO’s modern
China Cosco Holdings Co (CCHC) has placed an order for the construction of five giant 14,500 TEU container ships , thus increasing the newbuilding ships’ capacity from the previously announced 14,000 TEU. The vessels will be constructed by China Shipbuilding Trading and Changxing Shipbuilding for an
Baltic Fuel Company (BFC) has acquired a conventional tanker for performing of bunkering operations in the ports of the Azov – Black Sea Basin. On September 15, 2014, the tanker arrived at port Kavkaz for customs clearance, flag changing ceremony and registration with the Russian Maritime Register o
