The Finnish Government bought 30 percent of STX Turku shipyard, specializing in building cruise vessels such as the world’s biggest Allure of the Seas and Oasis of the Seas, with 70 percent going to the German company Meyer Werft. Meyer Werft GmbH is taking over the stake in the shipyard from Sout
One of China’s top shipbuilders Yangzijiang Shipbuilding (YZJ) has recorded the strongest quarterly earnings of RMB 1.24 billion based on the shipbuilder’s latest results, up 52 % year on year. Despite having 9 vessels delivered in 2Q 2014 compared to 11 vessels in 2Q 2013, the shipbuilding relate
The 180 million GT, ‘A’ rated North P&I Club has warned its members to check their new ships very carefully before accepting delivery. In the latest issue of its loss prevention newsletter Signals, the Club says it has become aware of several of instances of poor construction that is potentially dan
The Ultra Large Container Vessels (ULCV) will take over shipping routes between Asia and Europe, as smaller containerships are no longer seen as competitive when it comes to unit costs, compared to behemoth Maersk Line Triple-E 18,000 TEU ULCV. Demand for these huge vessels is higher then ever. Ju
Sinopacific Shipbuilding Group (Sinopacific), has recently signed a contract with a Mexican shipping company, Naviera Petrolera Integral S.A. de C.V. for the construction of three SPP17A vessels. All vessels will be built in Sinopacific’s Zhejiang Shipyard and are expected to be delivered before the
Elliott Bay Design Group (EBDG), a naval architecture and marine engineering firm with offices in Seattle, New Orleans and Ketchikan, Alabama,USA, has been selected by the New York Department of Transportation (NYC DOT) to design a new class of ferries that will operate between the boroughs of State
Shipyards in China are pushing to secure around USD 10 billion worth of new LNG orders until 2020, in an effort to revive the country’s faltering shipbuilding sector. This latest incentive to form natural gas delivery vessel fleet of their own is aimed at bolstering China’s chances at challenging
Ships calling on shipyards for finishing touches is the equivalent of a day at a spa for us. Check out this time lapse video of a Damen-design fast crew ship supplier Allianz Juno receiving a royal treatment at the Damen shipyard in Sharjah, United Arab Emirates. Damen Shipyards Sharjah FZE, the new
The previously announced fleet expansion plans of TUI cruises are being turned into action with two more newbuilds now on order. The Mein Schiff fleet shall grow from current three to six ships and then 14,000 beds by 2017. The Mein Schiff 4 is currently being built and with the now decided new or
Wärtsilä has been selected as the partner for designing a new ferry as part of the ‘Midway Alignment of the Bothnian Corridor’ project. The scope of the design work will be both initial and basic design. The ferry is designed for sailing between Vaasa in Finland and Umeå in Sweden across the Gulf
Meyer Werft has joined forces with the STX Finland shipyard in Turku. After weeks of negotiations, the Finnish Government and Meyer Werft signed a share purchase agreement with the current owner STX Europe. With its 70% stake, Meyer Werft takes the industrial leadership of the new company. At pres
IHI Corporation (IHI), Atlântico Sul Shipyard (EAS) and Federal University of Pernambuco (UFPE) will join forces in building up their workforce in shipbuilding and offshore industry. Namely, the three parties signed a Memorandum of Understanding (MOU) while in Brasilia, Brasil, aimed at establishi
Grup Servici Petroliere (GSP), a Romania-based member of Upetrom Group, has decided to bolster its Platform Support Vessel (PSV) fleet by acquiring three new DPS-2 vessels. The PSVs are equipped with a DPS-2 positioning system and are built under ABS supervision, having class notation fire-fightin
Australian Maritime Unions Standing Their Ground The Maritime Union of Australia (MUA) and the Australian Maritime Officers Union (AMOU) have confirmed they will push ahead with a legal challenge to the Abbott Government’s …Read more Costa Concordia Changes Hands The notarial deed establishing the t
