Scorpio Tankers Inc. announced today that it has reached an agreement with an unrelated third party to purchase an MR product tanker that is currently under construction at SPP Shipbuilding Co., Ltd. of South Korea. The purchase price of the vessel is $37.1 million with delivery expected in Septembe
Hong Kong-listed Honghua Group has disclosed that its wholly owned subsidiary Honghua Offshore Oil & Gas Equipment (Honghua Offshore) entered into an agreement with South Korean UDIN Engineering to build six oil tankers valued in excess of USD 200 million. This is the first tanker order for Honghua
Danish owner Nordana has ordered eight multi-purpose (MPP) heavy lift vessels from Taizhou Sanfu Ship Engineering. Designed by Shanghai Merchant Ship Design and Research Institute (SDARI), the vessels are expected to start joining Nordana’s fleet as of April 2015 through the second quarter of 2016.
The demand side for container shipping continues to improve on a global scale. The winter weakness in the US and still-sluggish demand in Europe has been offset by continued strong demand on North-South trades in the Atlantic basin and improving conditions on the ever-strong intra-Asian trading lane
Lilly Johanne Capsizes in Turkey Lilly Johanne, a live fish carrier, capsized in Celiktrans shipyard in Tuzla, Turkey, on August 7, iLaks reports …Read more Poland Eyes Canal Construction to Evade Russian Waters Polish authorities have revived plans to build a canal in order to connect the Baltic Se
German transportation company Hapag-Lloyd will no longer sell vessels to recycling yards that do not comply with strict environmental regulations and guidelines. The company said on Monday it will no longer sell its old ships on global markets, but will send its ships to specialized docks. With such
Construction of the first quantum-class ship is in full swing at the Meyer Werft shipyard’s outfitting quay in Papenburg , Germany, where the Quantum of the Seas is scheduled for completion by October 2014. Not only does the cruise ship feature the latest environmental technologies along with enhanc
Switzerland-based owner ABC Maritime has ordered construction of four 4,900dwt asphalt carriers. The carriers will be built by Chinese yard AVIC Dingheng Shipbuilding. The price tag of the newbuilds has not yet been revealed. Bureau Veritas will class the vessels, which have been slated for delivery
FPSO Petrojari Knarr illuminating her way through the Pacific Ocean as she sails away from Geoje. FPSO Petrojari Knarr is the newest ship of Teekay Corporation, which was named on February 28th, 2014. She is one of Teekay’s largest FPSO projects to date. [mappress] World Maritime News Staff, August
South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) has seen a healthy order intake in the previous month, putting DSME’s 2014 secured orders value at approximately 5.8 billion USD. DSME’s figures back the estimates that South Korean shipbuilding is entering the recovery
Based on close to 40 years of experience and their designers’ extensive knowledge, Wärtsilä has developed a new generation of fishing vessels, more fuel efficient than ever. Harvest (VS6108 PS/TR), delivered in 2014, is one of those designs, where the combination of CFD-optimized hull lines, an effi
Cosco (Zhoushan) Shipyard Co., Ltd has secured a contract valued over USD 56 million from an Asian buyer to build two 64,000DWT bulk carriers, Cosco Corporation (Singapore) Limited has revealed. The two vessels are scheduled for delivery in 4Q2016 and 1Q2017 respectively. Cosco (Zhoushan) Shipyard i
Australian resource, health and service sector unions are united in calling for a Senate Inquiry into the 457 visa scheme following allegations of widespread rorting. Maritime Union of Australia (MUA) Assistant National Secretary Ian Bray said the Government should be tightening up migration control
BAE Systems has been awarded a £348 million contract by the UK Ministry of Defence to construct three new Offshore Patrol Vessels (OPVs) for the UK Royal Navy. The new 90 metre vessels will be built at BAE Systems’ facilities in Glasgow and will provide additional capability for the Royal Navy. The
