Pakistan’s Gadani shipbreaking yard has been hit with another fire, according to NGO Shipbreaking Platform. Another accident in Pakistan. Big fire ongoing at Gadani #shipbreaking yards. pic.twitter.com/f9fyD4cAJY — ShipbreakingPlatform (@NGOShipbreaking) November 8, 2017 Local media indicated that t
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) ended the third quarter of this year with a profit of KRW 45.7 billion (USD 41 million), compared to a net loss of KRW 284 billion posted in the same period a year earlier. As explained, the restructuring measures, including
The container shipping industry will have to ride out a bumpy period amid an anticipated seasonal decline in volumes spilling into the first quarter of next year and growing supply of ships. According to BIMCO, handling this will be a recurring seasonal challenge. “Bearing in mind that freight rates
France-based classification society Bureau Veritas (BV) has been awarded the responsibility for classification of CMA CGM’s new 22,000 TEU containerships. The classification society informed that the decision for the nine ships to be fuelled by liquefied natural gas (LNG) has been carefully consider
Thailand-based shipping company Regional Container Lines (RCL) has ordered two 1,668 TEU container vessels at Jiangsu New Yangzi Shipbuilding in China, the company said in a stock filing. The 20,000 dwt vessels will service regional container transport and are scheduled for delivery in April and Jul
Carnival Cruise Line’s newest ship, the 133,500-ton Carnival Horizon, completed its final sea trials in the Adriatic Sea earlier this week in anticipation of its inaugural cruise in April 2018. Currently in the final stages of construction at the Fincantieri shipyard in Marghera, Italy, the 3,974-pa
Shell Trading (US) has finalized a long-term charter agreement with Q-LNG Transport for an LNG bunker barge with the capacity to carry 4,000 cubic meters of LNG fuel. As the first of its kind to be based in the United States, the ocean-going LNG bunker barge will supply LNG to marine customers along
Singapore’s containership operator Pacific International Lines (PIL) Group has taken delivery of two new 11,800 TEU containerships. The two vessels form part of a batch comprising twelve 11,8000 TEU boxships ordered by PIL from Yangzijiang Shipbuilding (Holdings) Ltd. The newbuilding duo has been bu
US-based expedition cruise company Lindblad Expeditions Holdings has signed an agreement with Norwegian shipbuilder and ship designer Ulstein for the construction of a new polar expedition ship. The vessel will be the first polar newbuild in the Lindblad Expeditions-National Geographic fleet. The s
South Korean shipbuilder Samsung Heavy Industries saw its earnings drop in the third quarter of 2017, mainly due to deliveries of low-priced vessels and a decrease in orders. The shipbuilder’s net income for the three-month period ended September 30 plunged by 82 percent to KRW 23.4 billion (USD 21
Spanish shipbuilder Astilleros Gondan has launched the first vessel from a batch of four GRP eco fast ferries for shipping company Baleària. Launched on November 3 at the facilities of the shipyard’s GRP division, the ferry is scheduled to join its owner at the end of the year. The 28-meter-long ves
The introduction of autonomous ships, often described as the next step for the maritime industry, is looming as projects have already been launched to make the smart ship concept a reality. One of the examples is the construction of the world’s first electric and autonomous containership, Yara Birke
China State Shipbuilding Corporation (CSSC) has splashed its first smart ship, the 38,800-metric ton bulk carrier Great Smart, in late October when the vessel departed the shipyard for sea trials. The bulker started its week-long trials on October 31 in Guangzhou, capital of Guangdong province, the
Readers’ Picks of the Week (October 30 – November 3, 2017)
