The largest commercial shipbuilder in India Cochin Shipyard Limited (CSL) Kochi has signed contracts for construction and supply of two autonomous electric ferries for ASKO Maritime AS, Norway with an option to build two more identical vessels. ASKO Maritime AS is the subsidiary of Norges Gruppen AS
MISC Berhad inks MOA with six subsidiaries of China-based Zhejiang Satellite Petrochemical for the purchase of six 98,000 cbm VLECs.
The Flensburg District Court will open insolvency proceedings concerning Flensburger Schiffbau-Gesellschaft mbH (FSG) on August 1st, the company said in an update. To remind, the German cash strapped shipbuilder filed for the opening of insolvency proceedings at the local court in Flensburg in April
Ship recycling yards in Turkey that are compliant with safety and environmental requirements of the European Union are full until the end of the year, Clarksons Platou Shipbroking said in a report. The report indicated that there is limited space available at the other EU facilities on the Continent
Norway’s ship recycling firm Green Yard has taken over compatriot Kleven Verft, which filed for bankruptcy early this month after losing a loan deal. A Kleven spokesperson confirmed to Offshore Energy-Green Marine that the takeover agreement has been reached with the bankruptcy estate and the banks
China’s Cosco Shipping Heavy Industry has completed repair works on a 30,000-cbm carrier, marking the second-ever LNG repair job for the yard. The vessel in question is the Cnooc-owned small-scale LNG carrier Hai Yang Shi You 301. Cosco’s Guandong shipyard welcomed the 184.7 meters long vessel last
Thailand-listed dry cargo ship owner Precious Shipping has reached a settlement with Chinese Jiangsu Guoxin Corporation, formerly known as shipbuilder Sainty Marine Corporation, in relation to the shipbuilding contracts for eleven 64,000 dwt bulkers. The duo launched arbitration proceedings back in
South Korean shipbuilder Dae Sun Shipbuilding & Engineering has secured an order for two gearless 1,000 TEU feeder containerships from Namsung Shipping. The two newbuildings, estimated to be worth $36 million, are scheduled for delivery at the end of 2021 and early 2022, data from Clarksons Platou S
There has been a dramatic fall in the shipbuilding activity during the first half of 2020 as the COVID-19 pandemic curbed owners’ willingness to order new ships amid market uncertainties and restricted access to capital. Based on the data from VesselsValue, the number of ordered ships in the first h
Norwegian transportation company The Fjords has taken delivery of its second all-electric passenger ship, Legacy of The Fjords.
Many shipowners are facing challenges in finalizing the Inventory of hazardous materials (IHM) required under the upcoming European Union’s Ship Recycling Regulations (EUSRR) due to the impact of the COVID-19 pandemic, BIMCO, the world’s largest shipowner association, said. Namely, as of December 31
The video shows a first-of-its kind project between the Aberdeen headquartered metal waste recycling and processing firm John Lawrie Metals and Kishorn Port Limited (KPL), which resulted in the downsizing and recycling of the MV Kaami. The general cargo vessel ran aground in the Minch between Skye a
One third of shipbreaking yards in Bangladesh never closed down during the lockdown imposed to curb the spread of the coronavirus pandemic, NGO Shipbreaking Platform said in its latest report on shipbreaking practices in South Asia. As explained, this has led to workers being exposed to the risk of
Greek shipping major TEN has entered into a contract for the construction of up to three Suezmax DP2 shuttle tankers on long-term employment with an unnamed European charterer. TEN said that vessels would be built at a yard in South Korea and that the time charter equivalent minimum revenues to be g
