The shipping industry needs to design ships differently and be more technologically innovative to reach world climate goals and counter cybersecurity risks, it was agreed at the annual Tripartite Shipbuilding Forum. At the meeting in Nantong, China, held on November 1-3 and hosted by China Classific
Russia’s SCF Group has exercised an option for two 114,000 dwt dual fuel tankers at South Korean shipbulder Hyundai Samho Heavy Industries, according to Asiasis. The Aframax duo features an ice-class IA and is slated for delivery in 2019, based on the report. SCF was not available for comment on the
Greece-based ship owner TOP Ships has purchased all of the outstanding shares in a Marshall Islands company that owns a newbuilding contract for M/T Eco California. The high specification 50,000 dwt medium range product/chemical tanker is under construction at Hyundai Mipo Dockyard in Korea from an
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German shipping company Oldendorff Carriers has been tied to an order for three 62,000 dwt bulk carriers at Japanese shipbuilder Oshima Shipbuilding. The Ultramax newbuildings are scheduled for delivery in 2020, based on the data from VesselsValue. The en bloc order report, dated on November 15, did
Athens-based ship manager Thenamaris has placed an order for two 111,900 dwt Aframax tankers with Japanese shipbuilder Sumitomo Heavy Industries. Based on the company’s data, the two newbuildings are slated for delivery in 2020 and will be flagged in the Marshall Islands. The price of the duo was un
Finland-based ro-ro and passenger services operator Finnlines has taken delivery of its first lengthened Breeze vessel from Remontowa S.A. shipyard in Gdansk. MS Finntide, delivered in 2012 from the Chinese Jinling shipyard, arrived in Gdansk on September 25, 2017. As planned, the vessel was cut in
The global containership orderbook stood at 368 vessels of a combined 2.8 million TEU as of the start of November, representing a 58% drop in TEU terms since its peak in July 2008, Clarksons Research informed. The size of the orderbook declined continuously month-on-month this year until October, wh
Hong Kong-based container shipping company OOCL has introduced another ambassador of world trade, the OOCL Scandinavia. The vessel is the fifth one in the company’s series of six G Class containerships on order at South Korea’s Samsung Heavy Industry (SHI) shipyard. With a capacity to carry 21,413 T
Celebrity Cruises, a part of the Miami-based Royal Caribbean Cruises, has unveiled its latest expedition cruise vessel, designed for the Galapagos Islands. The 100-guest Celebrity Flora, which will be built at the Lobith yard under yard number 488, will offer seamless sea-to-shore transportation, an
American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, has taken delivery of the fourth and final 50,000 dwt product tanker constructed by US-based shipbuilder Philly Shipyard. The tanker, named the American Pride, was delivered ten days ahead of the contract delivery date, according to th
Oslo-listed ship owner and operator Flex LNG has reached an agreement on a loan facility to finance three of its newbuildings, scheduled for delivery in the first half of 2018. The company received a firm offer for a USD 315 million term loan facility (TLF) on November 14, agreed to be drawn in conn
UK’s chemicals company INEOS has signed a long-term supply deal to deliver ethane from US shale gas to China, utilizing the world’s largest ethane carrier. The agreement, reached with SP Chemicals, will involve the construction of a very large ethane carrier (VLEC) which is expected to be delivered
China’s Cosco Shipping Energy Transportation has entered into agreements with Dalian Shipbuilding for the construction of HKD 4.32 billion (USD 553 million) worth of new ships. Under the deals, signed on November 20, the company ordered four very large crude carriers (VLCCs) and three Suezmax tanker
