Hong Kong-based Titan Petrochemicals has reached an agreement to buy the entire issued share capital in the Gold Dragon Enterprise Development, a company which holds full equity in a shipbuilding unit. Under the sale and purchase agreement, signed with Sino Team Investment Development on October 6,
Spanish shipping firm Fred Olsen has placed an order for two vehicle passenger trimaran ferries at Australian-based ship building company Austal Limited. Under the deal, valued at EUR 126 million (USD 147.7 million), Austal will construct the 117-metre high-speed ferries over a period of 29 and 36 m
Navigation Maritime Bulgare (Navibulgar), Bulgaria’s leading shipowner, has contracted up to six Bluetech 45 handymax bulk carriers from Chinese Jiangsu Yangzijiang Shipbuilding Group Ltd, according to the ship’s designer Bluetech Finland. The 45,000 DWT ships will have a length of 190 meters, maxim
Finnish shipbuilder Meyer Turku laid the keel of New Mein Schiff 2, the sixth next-generation cruise ship being built for German cruise line TUI Cruises, on October 5. This milestone marks the beginning of the hull assembly for New Mein Schiff 2, scheduled to be delivered to its owner in early 2019.
Genting Hong Kong, a part of Genting Group, has received a green light from the Singapore Exchange Securities Trading Limited (SGX-ST) for its proposed voluntary delisting from the Main Board of the SGX-ST. Genting Hong Kong has a primary listing on the Main Board of the HKSE, and a secondary listin
Canada’s dry-bulk shipping company Fednav has placed an order for six 34,500 DWT bulkers at Japanese Oshima Shipbuilding, the company confirmed to World Maritime News. The 1C Ice class lakers are slated for delivery between 2019 and 2020. The price details of the newbuildings have not been disclosed
LPG specialist Petredec has reportedly exercised the option for the construction of two additional very large gas carriers (VLGCs) at China’s Jiangnan Shipyard. The order for two 84,000 cbm LPG carriers was signed only months after the company agreed the contract for the initial two units with the s
The Suez Canal Authority (SCA) has ordered two custom-built 29,190kW heavy-duty rock cutter suction dredgers (CSDs) from Dutch shipbuilder Royal IHC. Royal Ihc said that the vessels have been specifically designed in close cooperation with SCA, and will be used to maintain and improve the artificial
South Korean shipbuilder Samsung Heavy Industries (SHI) is in talks on a new delivery deadline for a liquefied natural gas (LNG) carrier duo with an unnamed Asian shipowner. The two ships were ordered in January 2015 and were supposed to be delivered at the end of September 2017. SHI said in a regul
Singapore-based dry bulk vessel owner and operator Berge Bulk has taken delivery of Berge Toubkal, a 210,000 dwt Capesize ship. Constructed at China’s Bohai Shipbuilding Heavy Industry shipyard, the 222,000 cbm vessel was delivered on September 29, 2017. Berge Bulk has joined its sister vessels, Ber
Owner and operator of LNG carriers Golar LNG informed that Hilli Episeyo, the world’s first converted floating liquefaction (FLNG) vessel, departed Keppel Shipyard on October 1. Having reached mechanical completion, the vessel has been moved to the deep-water water anchorage where Keppel Shipyard wi
The Netherlands-based shipyard Icon Yachts is building a very special yacht, named the Gotham Project, scheduled for delivery in the spring of 2019. The aluminium yacht is realised with the brokerage firm Bristow-Holmes and is designed in partnership with ER Yacht Design. The naval architects are Ic
Norwegian fertilizer producer Yara has been granted NOK 133.6 million (USD 16.7 million) for the construction of the world’s first electric and autonomous containership, Yara Birkeland. Provided by the Norwegian government enterprise ENOVA, the grant would cover about one third of the estimated cost
Mitsui O.S.K. Lines’ (MOL) first independently owned, built and operated floating storage and regasification unit (FSRU), the MOL FSRU Challenger, was named at Daewoo Shipbuilding & Marine Engineering’s Okpo shipyard in Korea on September 28. The MOL FSRU Challenger will provide storage and regasifi
