Rand Logistics, Inc. has entered into a contract with the Chengxi Shipyard for the construction and assembly of a new forebody which will be affixed to the aft section of the company’s recently acquired Danish flagged chemical tanker. When introduced into service in the second half of calendar 2015,
Ardmore Shipping today announced the acquisition of a 49,997 Dwt Eco-design product and chemical tanker built in July 2013 at STX Offshore & Shipbuilding Co. Ltd., South Korea, for a purchase price of $36 million. The vessel is expected to deliver to Ardmore between July 1st and August 31st 2014, an
Mitsui OSK Lines, Ltd. today announced receipt of the 2014 Japan Society of Naval Architects and Ocean Engineers (JASNAOE) Award for development of a waste heat energy recovery system for marine diesel engine used to generate electric power and assist ship propulsion. The system was installed on a M
South Korean shipbuilder Hyundai Mipo Dockyard (HMD) has won a new contract for the construction of two LPG carriers. The contract comes from Singapore-based Eastern Pacific Shipping and includes firm order for two LPG newbuilds with an option for two more. According to the shipbuilder, the contract
The first quarter of 2014 for France’s CMA CGM, the world’s third largest container shipping company, was marked by following seas, as the results were strong, in line with expectations. The shipping volumes were up 5.8% and the operating performance proved to be resilient (4.7% of revenues) thanks
Eco Marine Power (EMP) has unveiled details of its Aquarius Unmanned Surface Vessel (USV), announcing the beginning of works related to the construction of a prototype. The Aquarius USV is being developed as a cost-effective unmanned surface vessel (USV) and will incorporate a number of technologies
The German navigation system manufacturer Raytheon Anschütz, together with its exclusive Norwegian distributor Syberg AS, has been awarded a contract for the supply of an advanced Synapsis Integrated Navigation System (INS) to two new state-of-the-art windpark service vessels. The experienced Norweg
Singapore-based COSCO Corporation Limited said that four option contracts awarded by a local company to COSCO Shipyard Co. in Guandong for the construction of four platform supply vessels have been declared effective. The vessels are scheduled for delivery from the second quarter of 2016 to the firs
United Arab Shipping Company S.A.G. (UASC) has announced the conclusion of a bilateral, USD 190 million facility with Burgan Bank’s Corporate Banking Group to finance the acquisition of two 14,000 TEU vessels. The facility is a part of UASC’s new building order of seventeen ships, among which are el
TUI Cruises, has taken delivery of the Mein Schiff 3, the first out of two ordered from STX Finland Oy’s Turku Shipyard. Mein Schiff 3 is a sophisticated and highly innovative cruise ship, designed for the German premium-class cruise market. The environmentally friendly Mein Schiff 3 was floated out
EXMAR LPG (EXMAR and TEEKAY LNG PARTNERS Joint Venture) has announced the sale of the Very Large Gas Carrier FLANDERS TENACITY and the Midsize Gas Carrier EEKLO. Both vessels are expected to be delivered to their new owners during the course of June. The capital gain realised by EXMAR for its 50% sh
Eastern Shipbuilding Group Inc. (ESG) has announced an on-time delivery of the M/V Bravante VII to Boldini S.A., BRAVANTE GROUP of Brazil on May 21, 2014. The BRAVANTE VII is the third STX SV290 design of five vessels in a series which are all ABS Classed, AC Diesel-Electric powered, twin Z-drive pr
Kleven has signed a contract with Olympic Shipping for the building of an MT 6021 MKII design IMR vessel. The contract value is around NOK 450 million (USD 75.5m), and the vessel will be delivered from Kleven Verft in June 2015. The MT 6021 MKII is a further development of the MT 6021 design, based
Remontowa Shipbuilding S.A., member of Remontowa Holding, has won a new contract for the construction of an anchor handling, tug and supply (AHTS) vessel. The vessel will be built for Canadian – Norwegian joint venture, than she will be used for a charter to one of the largest oil companies in the w
