Stealthgas INC., a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, said yesterday that it has acquired four newbuilding LPG vessels as part of its fleet expansion program. The additions to the fleet consist of two 22,000 cbm se
South Korean Samsung Heavy Industries in their Korea Stock Exchange disclosure announced winning of a newbuilding contract for 6 gas carriers worth approximately USD 723.5 million. The new vessels have been commissioned by an Asian shipowner. Several news sites reported that gas carriers in questi
Russian Maritime Register of Shipping (RS) has implemented the Approval in Principle (AIP) service as part of a project to enhance the Rules for the Technical Supervision During Construction of Ships and Manufacture of Materials and Products for Ships, RS announced. Under this service, RS reviews
Australian miner Fortescue has launched talks for the construction of four highly efficient very large ore carriers (VLOCs) for a total investment value of US$275 million, the company said. Construction is expected to commence in the second half of 2014 and delivery is scheduled for November 2016
Korea’s shipbuilding giant Samsung Heavy Industries said that it has secured a major order earlier this month. Namely, Samsung won an order amounting to USD 440 million for three shuttle tankers from an unnamed European shipper. The order comes in the wake of reports on struggling Korean shipbuild
Construction has began for Seven Seas Explorer, scheduled to debut in summer 2016, at the Fincantieri shipyard in Genoa, Italy. The crisp pop of a cork being freed from a Krug Grande Cuvée magnum initiated a laser, which cut the ceremonial first piece of steel for the new ship. “We’re one step clo
The threat to the marine sector – from malicious attacks on systems and organisations via information technology – is real, Bernard Twomey and Jonathan Earthy of Lloyd’s Register Marine explained while addressing the London Joint Hull Committee on Monday. According to them, cyber losses may also b
U.S. barge builder Sterling Shipyard LP was cited for 16 serious, repeat and failure-to-abate violations by the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for continuing to expose workers to safety hazards, including dangerous machinery, high noise levels without
Seatrade, a Belgian-based operator of cargo, reefer and container ships, has agreed to acquire two 2,200 TEU high-specification container vessel newbuildings. The vessels are of an eco-design and are equipped with a high reefer capacity that equates to approximately 12,000 pallets. These specialis
The Philippines-based HHIC-Phil’s Subic Shipyard made history in the world’s shipbuilding industry by holding a naming ceremony for five vessels at the same time. The world record was achieved first by Hyundai Heavy Industries, which named five vessels at the same time in March. However for HHIC-P
Wärtsilä has signed Technical Management Agreements with four Greek liquefied natural gas (LNG) ship owners, Maran Gas Maritime Inc, Dynagas Ltd, TMS Cardiff Gas Ltd and Thenamaris LNG Inc. All agreements cover Condition Based Maintenance for a total of 80 Wärtsilä 50DF dual-fuel engines for a fiv
Having won the bid to build an LNG bunkering vessel, the world’s first, Hanjin Heavy Industries & Construction (HHIC) announced that it has signed a contract for the construction of the LNG bunkering vessel (5,100㎥) with NYK in Japan. So far, a small bunkering vessel or barge has been used to tran
Norwegian Cruise Line has reached an agreement with Meyer Werft GmbH of Germany to build two new Breakaway Plus-class cruise ships for delivery in the second quarter 2018, and the fourth quarter 2019. Each ship will be 164,600 gross tonnes and include 4,200 passenger berths. “Norwegian Breakaway a
Float out is a major construction milestone for a ship, as it marks the first encounter of the steel construction with the water, which will carry it throughout its lifetime. The same was for Viking Ocean Cruises’ first ship – the 930-passenger Viking Star- set to debut in early 2015. The traditio
