The boards of Bergen Group ASA and Bergen Group Offshore AS have approved a merger plan between the two companies, the Oslo-listed shipbuilder informed. The merger is said to be taking place as part of the group’s structure simplification, as announced in the interim results for the second quarter o
Saga Cruises has confirmed plans to extend its fleet with a second new cruise ship, the Spirit of Adventure, which will be built by Germany’s Meyer Werft. The latest fleet addition is expected to be delivered in summer 2020, joining the Spirit of Discovery which is scheduled to embark on its first c
The 1989-built barge carrier Harrier is still under arrest in Norway after its owners failed to illegally set sail for the scrapping yards in Gadani, Pakistan, in February. The Norwegian environmental authorities arrested the ship, previously named Tide Carrier, on April 5 after it had been sold for
Swiss-based Mediterranean Shipping Company (MSC) has opted for South Korean shipbuilders Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) to construct eleven 22,000 TEU containerships for the company. The order was confirmed to World Maritime News by an MSC spokes
A module of AIDA Cruises’ new ship, AIDAnova, was floated out at Meyer Werft’s shipyard Neptun Werft in Rostock on September 21. As informed, this is the first of two floating parts, the so-called floating engine room units (FERU), which will be placed onto the river Warnow with a special lowering d
Brazilian miner Vale has been linked to a time charter deal for up to 30 Valemax newbuilds contracted from seven different companies. Under the long-term contracts of affreightment lasting up to 25 years, Chinese joint venture between ICBC Leasing and China Merchants would be providing ten 400,000 D
French shipping firm CMA CGM and CSSC Group have officially signed the contract for the construction of nine 22,000 TEU ships, the largest container vessels ordered so far. With the contract, signed on September 19 in Marseille, the company confirmed that the Chinese shipyards Hudong-Zhonghua Shipbu
South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) said on Monday that its Memorandum of Understanding (MoU) with Iran for the construction of offshore plants has been terminated as no progress was achieved on the deal. The MoU, signed in September 2016, was intended to provide the much
The floating storage and offloading (FSO) unit Ailsa undocked last week in Singapore, marking the first time the FSO’s hull has touched the water. Ailsa is destined for the gas production field Culzean in the UK North Sea which is expected to come on stream in 2019. “It’s a significant milestone for
South Korean big three shipbuilders Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding and Marine Engineering (DSME) are likely to miss their earnings forecast amid increased costs and depleting order intake. HHI’s is projected to post an operating income of KRW 1
DP World will be splashing USD 405 million for the acquisition of Dubai’s ship repair business Drydocks World LLC (Drydocks) and Maritime World LLC, the 100% owner of Dubai Maritime City (DMC). The Dubai-based port operator said the purchases would be made by means of a capital injection of USD 225
Singapore-based Sembcorp Marine and SeaOne Caribbean LLC (SeaOne) of Houston, Texas, have inked a letter of intent (LOI) for the design and construction of at least two large compressed gas liquid (CGL®) carriers. These vessels are intended to be deployed for SeaOne’s Caribbean Fuels Supply Project.
The Government of India has signed a loan agreement worth USD 76 million for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards. The total cost of the project will be USD 111 million, out of which USD 76 million will be provided as soft loan from Japan Internat
French container shipping major CMA CGM has confirmed the order for nine 22,000 TEU containerships while releasing results for the second quarter of 2017. “In order to keep pace with market growth and the group’s needs, the Board of Directors of CMA CGM has approved the order for 9 container ships o
