Antwerp-based tanker shipping company Euronav NV has entered into a deal to acquire two eco-Suezmax newbuildings through a resale. Currently completing construction at the Daehan Shipyard in South Korea, the tankers are being acquired for an en-bloc price of $ 113 million. Both vessels are due for d
The shipbuilding industry has been hit hard by the impact of the coronavirus pandemic quashing shipowners’ interest in investing in new ships. The pandemic crushed down on an already battered industry suffering from overcapacity, weak demand, and flat world trade growth. The European shipbuilding se
French shipbuilder Chantiers De’l Atlantique has delivered MSC Virtuosa, MSC Cruises’ newest Meraviglia-Plus II cruise ship. As a sister ship to MSC Grandiosa, the newbuild features a length of 331 meters, a width of 43 meters and a maximum capacity of 6,300 passengers. The two Meraviglia-Plus units
U-Ming Marine Transport Corporation, a Taiwanese bulk carrier company, has ordered two 210,000 dwt bulk carriers from China Shipbuilding Trading Co. and Qingdao Beihai Shipbuilding Heavy Industries. Under the contract, U-Ming has options to buy two more ships potentially bringing the total value of
Eco Livorno, the third of twelve hybrid vessels of the Grimaldi Green 5th Generation (GG5G) class, has been delivered to the Grimaldi Group by the Chinese Jinling shipyard located in Nanjing. The Eco Livorno, which flies the Italian flag, has a length of 238 meters, a beam of 34 meters, a gross tonn
SEA Europe, a shipyards and maritime equipment association, supports the inclusion of shipping into the EU Emission Trading Scheme (ETS) as part of the EU Green Deal. However, the association said that the reduction of greenhouse gas emissions should be incentivised by internalising the external cos
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has selected Corvus Energy to supply the energy storage system (ESS) for the world’s first zero-emission electric tanker.
Chinese shipbuilder CSSC Jiangnan Shipyard, a subsidiary of China State Shipbuilding Corporation, has launched the 15,000 TEU LNG-powered CMA CGM Patagonia, being built for the French container shipping major CMA CGM. The containership is the first of five LNG-powered sister vessels ordered by the c
The planned mega-merger between Italian shipbuilding major Fincantieri with its French counterpart Chantiers de l’Atlantique has fallen through. The decision has been made public in a joint statement by the French and Italian ministries of economies citing the impact of the COVID-19 pandemic on the
Avenir LNG said its 20,000-cbm LNG supply and bunkering vessel, Avenir Allegiance was launched at the Zhoushan Changhong International Shipyard yard in China.
Keppel Corporation has revealed that its struggling Keppel Offshore & Marine unit will exit the offshore rig building business.
Technology company ABB has been selected to deliver an end-to-end electric power and propulsion solution for South Korea’s first domestic zero-emission ferry.
Singapore-based ship management company Eastern Pacific Shipping (EPS) has met its Environmental, Social & Governance (ESG) policy two years ahead of schedule, the company announced. EPS started disclosing a fleetwide CO2 emissions report last year, using the industry-accepted Annual Efficiency Rati
The Finnish technology group Wärtsilä has been contracted to supply dual-fuel engines for six new 172,500 cbm Arctic LNG 2 carriers.
