Hyundai Heavy Industries (HHI) today began building the first of five 19,000 TEU containerships for China Shipping Container Lines (Hong Kong) Co., Ltd. The shipowner upgraded the original order for five 18,400 TEU containerships to ones capable of delivering 600 more containers. These new ships wil
Aker Philadelphia Shipyard ASA announced today that the commitment letter between its wholly owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI) and a group of private lenders that was announced on 14 November 2013 has expired. This commitment had been for a secured term loan of $65 milli
BW LPG has taken delivery of two Very Large Gas Carrier (VLGC) newbuilds from Hyundai Heavy Industries. All required documentation is fully signed, and delivery is now expected in August and October 2015. In connection with the advancement, BW LPG has secured two additional options, for delivery in
Austal Limited has sold the land and infrastructure at its former satellite service base at Henderson has been executed and settled. Under the sale agreement with AME Offshore Solutions, Austal has received $21 million for the surplus asset, in line with the announcement made to the market on 3 Dece
Three Crewmen Rescued after Vessel Caught Fire in North Sea Three crewmen have been rescued off Lowestoft this afternoon after their vessel caught fire in the North Sea. BMT, Sigmund Present HMS Illustrious Design Concept BMT Nigel Gee (BMT), in partnership with Sigmund Yacht Design, has conceived a
M/T Borgøy, the world’s first tug to be fuelled by the much more environmentally friendly liquefied natural gas (LNG), completed her sea trials successfully this month and started her maiden voyage on 14th of January. The tug is designed by Norwegian Buksèr og Berging in-house team with the assistan
Croatian shipbuilding company Uljanik has entered into a contract with Marflet Marine from Spain for the construction of two 50,000 DWT MR vessels. These IMO II type chemical tankers will be built by Uljanik’s subsidiary shipyard 3. Maj. The first one is scheduled for delivery by the end of 2015 and
Clean Marine has been selected by Hudong-Zhonghua Shipbuilding in China to supply exhaust gas cleaning systems (EGCS) for two 38,000 dwt. Chemical Tankers being built for Stolt Tankers and NYK Stolt Tankers. The two vessels are built in a series of six sister ships, where the remaining four vessels
Diana Shipping Inc. has completed a drawdown of US$18 million, through two separate wholly-owned subsidiaries, under a term loan facility it has signed for up to US$18 million with Commonwealth Bank of Australia. The proceeds will be used to partially finance the acquisition costs of two Panamax dry
The USNS John Glenn (MLP 2) successfully completed Builder’s Sea Trials on Jan. 13. During the week of sea trials the shipbuilder, General Dynamics National Steel and Shipbuilding Co. (NASSCO), conducted comprehensive tests to demonstrate the performance of all of the ship’s major systems. “John Gle
Beacon Holdings Group has ordered a harsh environment semi-submersible GM4-D rig from Yantai CIMC Raffles. They have also secured an option to build a second rig from the shipyard. The rig they have ordered has been given the name Beacon Atlantic, and planned delivery is the fourth quarter of 2016.
After a season in which U.S.-flag lakers will have sailed more than 2,500,000 miles and carried nearly 90 million tons of cargo, a $70-plus million tune-up awaits the fleet. One ship arrived in Sturgeon Bay, Wisconsin, to undergo conversion to a barge in early November, but the bulk of the fleet beg
Marin Teknikk AS has entered into a contract with China’s Yantai Raffles Offshore Limited (CIMC Raffles), for design & engineering delivery of a large Well Stimulation Vessel to Norshore, in Sotra, Norway. The vessel will be of the MT6028 design with a complete installation of oil well drilling equi
Horizon Survey and Geotechnical Companies (Horizon) announced the delivery of their new build DP2 Geotechnical Drill Ship, ‘Quest Horizon’. The 65m vessel was commissioned and designed specifically to support Horizon’s geotechnical drilling projects. The ‘Quest Horizon’ can also be utilised for surv
