Japan’s shipping major Kawasaki Kisen Kaisha (K Line) has expanded its fleet as it took delivery of the 311,000 dwt very large crude carrier (VLCC) Kisogawa on November 15. The newbuilding, which was constructed by China’s Nantong Cosco KHI Ship Engineering (NACKS), features a length of 339 meters a
Norwegian shipping and tank terminal company Odfjell SE has signed a framework agreement with Sinochem Shipping Singapore whereby Odfjell will take four newbuilding 40,900 dwt chemical tankers on long-term bareboat charters. The bareboat charters include purchase options at the end of the charter pe
Greek tanker shipping company Tsakos Energy Navigation (TEN) has taken delivery of the ice-class Aframax tanker Bergen TS, the last in the 15-vessel pre-employed newbuilding program. The ship was built by Romania-based Daewoo-Mangalia Heavy Industries and started a long-term charter immediately afte
Statoil has signed a letter of intent with Sembcorp Marine Rigs & Floaters in Singapore for the construction of the hull and integrated living quarters for the floating production, storage and offloading (FPSO) vessel that will be located on the Johan Castberg field in the Barents Sea. The company s
The first of four LNG-fueled container vessels being built for Finnish shipping company Containerships has been launched at Wenchong Shipyard in China. The launching ceremony for the 1,368 TEU Containerships Nord was held on November 4. The shipbuilding work of the first vessel continues now on an o
Italian shipbuilding major Fincantieri reported a total backlog of over EUR 25 billion (USD 29 billion) in its report for the third quarter of this year, which is enough to keep the shipbuilder busy for six years. Order backlog as at September 30, 2017 was EUR 20.3 billion, up from EUR 19.0 billion
Italian shipbuilder Fincantieri has rolled out a new proposal to seek the privatization of Vard Holdings via a voluntary delisting from the Singapore Exchange Securities Trading Limited (SGX-ST). Vard’s Board of Directors is about to convene an extraordinary general meeting to seek shareholder appro
Due to a challenging product tanker market witnessed so far this year, Italy-based shipping firm d’Amico International ended the first nine months of 2017 in loss. The company reported a net loss of USD 13.6 million for the period, against a net profit of USD 6 million seen in the first nine months
Dutch Damen Shipyards Group has entered into a share purchase agreement with South Korea’s Daewoo Shipbuilding & Marine Engineering for the acquisition of DSME’s majority share in Daewoo Mangalia Heavy Industries (DMHI) in Romania. As informed, the sale of the shipyard, which is worth KRW 29 billion
Teekay Offshore has taken delivery of Norse Spirit, the second of the company’s three Heritage Class shuttle tankers, from South Korean shipbuilder Samsung Heavy Industries (SHI). The delivery ceremony for the 147,000 dwt DP2 tanker was held on November 7. Christened in August this year, Norse Spiri
Design changes for the new Hapag-Lloyd Cruises passenger expedition ships, which were made as a result of working with DNV GL, have resulted in the ships’ projected annual fuel savings of more than ten per cent. The two vessels, HANSEATIC nature and HANSEATIC inspiration, are currently under constru
Gadani’s shipbreaking plot no. 54 was sealed off on November 8 after a fire broke out on-board the ship ACES again, according to the NGO Shipbeaking Platform. No workers got caught in the flames of the fire, which occurred on the same floating oil production tanker that blew up on November 1, 2016.
Dutch towage and marine services company Smit Lamnalco has ordered four Damen ASD 3212 tugs from compatriot shipbuilder Damen. As informed, the vessels are slated for delivery next year. Making the announcement at the Europort Exhibition in Rotterdam, Mauro Fernando Sales, Smit Lamnalco’s CEO, said:
The keel laying ceremony for the first block of Spectrum of the Seas, Royal Caribbean International’s new Quantum Ultra-class ship, was held at Neptun Werft shipyard in Rostock-Warnemünde, Germany, on November 8. This block is one of a total of 74 blocks for the new luxury liner and weighs altogethe
