The 24,000 TEU HMM Algeciras, the world’s largest containership, has headed out to sea on its maiden voyage. The ship left Geoje, Korea following its naming ceremony on April 23 setting sail for China. It departed from the port of Qingdao on Sunday and is heading for the Port of Busan, according to
A joint venture consisting of Chinese shipowner Cosco and energy giant CNPC is to order three liquefied natural gas carriers at Hudong Zhonghua Shipbuilding. The price for each of the 174,000 cubic meter LNG carriers is $185 million, according to a statement by Cosco Shipping Energy Transportation.
Chinese shipbuilder Cosco Shipping Heavy Industry said it has delivered a 28,000 cubic meter liquefied natural gas carrier. This is the first-ever LNG vessel built and delivered by Cosco Shipping Heavy Industry’s Dalian shipyard, the shipbuilder said in a statement. Dalian Inteh Group placed an orde
SeaQuest Marine Project Management has been entrusted with the construction supervision job for three zero-emission RoRo newbuilds owed by Finnlines.
Wärtsilä has received an order to develop a design for up to six new luxury expedition cruise vessels to be owned and operated by Amundsen Expeditions.
South Korean shipping major HMM has held a naming ceremony for the first of its twelve 24,000 TEU containerships. The HMM Algeciras, described as the world’s largest boxship, was named at Daewoo Shipbuilding & Marine Engineering’s (DSME) Okpo shipyard in Geoje, Korea. The ceremony was presided by th
Hong Kong-listed China Development Bank Financial Leasing has entered into a contract with New Ocean Shipbuilding in Jiangsu for the construction of eight bulkers. The 63,000 dwt bulkers will cost a total of $188.9 million. CDB plans to fund the investment via its own funds, bond issuance funds and
The construction of First Ship Lease Trust’s first two 114,000 DWT LR2 newbuildings in China is progressing smoothly despite COVID-19 challenges to the shipbuilding industry, the company’s trustee manager said. The ships, set to be fitted with scrubbers, are being built by COSCO Shipping Heavy Indus
State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth m
Crowley Fuels LLC, wholesale fuel transportation and sales division of US-based Crowley Maritime, took delivery of its new Alaska Class 100,000-barrel, articulated tug-barge (ATB) from Bollinger Shipyards. The vessel will be used to transport multiple clean petroleum products for the Alaska market a
The COVID-19 pandemic has changed the way the world functions as governments and leaders across the globe have implemented unprecedented measures to curb the spreading of the virus. The life as we know it changed completely with factory lockdowns, closures of unessential services and stay at home or
China’s Avic Dingheng shipyard has started building the seventh liquefied natural gas-powered vessel ordered by Sweden’s Gothia Tanker Alliance. The Chinese yard held a keel ceremony for the dual-fuelled product and chemical tanker on April 18, according to Swedish shipowner Furetank. Furetank is a
The U.S. Department of Transportation’s Maritime Administration (MARAD) has awarded $19.6 million in discretionary grants to 24 U.S. small shipyards through the Small Shipyard Grant Program. The funding is aimed at helping modernize America’s small shipyards, making them more efficient in constructi
Cemre Shipyard has launched the first of the three service operation vessels (SOVs) currently under construction for MHI Vestas and Esvagt at its yard in Turkey. The vessels are of the Havyard 831 L SOV design and will service the Borssele III and IV offshore wind farm in the Netherlands, the Triton
