Samsung Heavy Industries (SHI) of South Korea has secured an order for the construction of six ultra large container vessels (ULCVs), the shipbuilder said. The contract is worth KRW 1.118 trillion (USD 982.6 million), according to SHI. The Korean shipbuilder said the order was placed by a European s
South Korean shipbuilder Hyundai Heavy Industries (HHI) has won an order from compatriot Polaris Shipping for the construction of ten very large ore carriers (VLOCs). The contract for ten 325,000 DWT bulker newbuilds is worth KRW 910.2 billion (USD 800 million). The delivery is slated for April 2021
Sibir, the second in a new generation of nuclear-powered icebreakers that will strengthen Russia’s presence in Arctic, was launched at Baltic Shipyard – part of the United Shipbuilding Corporation – on September 22. Part of the Project 22220 which is dedicated to the renewal of Russian nuclear icebr
German liner shipping company Hapag-Lloyd has sold three of its older containerships which were owned by United Arab Shipping Company (UASC) prior to the merger of the duo in May this year. The Deira, the Najran and the Sakaka will be transferred to shipyards in China and Turkey, which are certified
India’s Cochin Shipyard is looking to expand its operations as it plans to establish new ship building and repair facilities in Andaman and Nicobar, Gujarat, Kolkata and Mumbai. The shipbuilder’s expansion plan was unveiled by Nitin Gadkari, India’s Minister for Road Transport, Highways and Shipping
Belgian DEME group, specializing in dredging and marine engineering, has attempted to seize a vessel being built at the financially-troubled shipyard LaNaval. As confirmed to OW by the company’s spokesperson, DEME has hired sub-contractors to take control of the uncompleted cable laying and trenchin
South Korea intends to launch a pilot project to build a 180,000 gross ton LNG-fueled vessel in an effort to reduce pollutants emitted from ships and promote environmentally friendly industries, the country’s Ministry of Oceans and Fisheries (MOF) informed. The ministry said it will collaborate with
Viking Sun, the fourth of eight cruise ships Viking Ocean Cruises has ordered from Italian shipbuilder Fincantieri, was delivered to the company on September 25 at the Ancona shipyard. Like its sister ships, Viking Sun is placed in the small cruise ship segment. With a gross tonnage of about 47,800
Italian shipbuilder Fincantieri and cruise company Carnival Corporation have signed a memorandum of agreement (MoA) for the construction of one next-generation cruise ship for Carnival’s UK-based brand Cunard. As informed, the agreement will become operational when all the financial and technical co
Taiwanese shipping company Wisdom Marine Lines has decided to cancel the two tanker newbuilds ordered from Japan’s shipbuilder Japan Marine United Corporation (JMU). The two 115,000 DWT crude oil tankers were ordered in June, 2016 and were valued at USD 50 million per vessel. As a result, the compan
Readers’ Picks of the Week (September 18-22, 2017)
Since the beginning of the second half of this year, shipowners have ramped up dry bulk ordering, bringing the newbuild count to 110 new ships in the last three months. The number has almost doubled when compared to 63 newbuilding orders from the first half of this year, according to the data from V
South Korea’s shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) said in a regulatory filing on Thursday that it has clinched a deal for five 22,000 TEU containerships. The quintet has been ordered by Swiss-based Mediterranean Shipping Company (MSC), as confirmed yesterday by the company,
Helsinki-based shipping company ESL Shipping, a member of the Aspo Group, has named Haaga, the second of the company’s two LNG-fueled dry cargo vessels. The naming ceremony took place at the Jinling shipyard in Nanjing, China, on September 22. Featuring a length of 160 meters and a width of 26 meter
