Image Courtesy: Stena Bulk Swedish tanker shipping company Stena Bulk has named Stena Imperator and Stena Imprimis, the eleventh and twelfth of the company’s thirteen IMOIIMAX tanker newbuildings. The christening ceremony was held at Guangzhou Shipbuilding International (GSI) shipyard in Guangzhou,
UK-based ferry company Red Funnel has placed an order with compatriot Wight Shipyard for another 41 meter high-speed catamaran. The order for Red Jet 7 marks the first major investment in Red Funnel by the consortium of UK and Canadian pension funds which acquired the cross-Solent ferry operator in
Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) christened today another 21,413 TEU boxship, the OOCL Germany, at Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea. The newbuilding is the second of the company’s six 21,000+ TEU class vessels on order at t
South Korean shipbuilder STX Offshore & Shipbuilding has been ordered to cease operations following a fatal blast at the company’s Changwon yard that took the lives of four workers two days ago. The order was issued by the country’s Ministry of Employment and Labor, Yonhap news agency reported. The
On August 19, San Diego-based shipbuilder General Dynamics NASSCO completed the float-out for USNS Hershel “Woody” Williams, the second Expeditionary Sea Base (ESB) to be constructed for the US Navy. A float-out occurs when a ship is ready to be moved from a graving dock to a pier for the next phase
Tokyo-based classification society ClassNK has received its first application for verification from a recycling facility in South-East Asia, Tsuneishi Ship Recycling (Negros). ClassNK completed the document review for a Ship Recycling Facility Plan (SRFP) submitted by TSRNI verifying the facility to
Four people have lost their lives in an explosion at an STX Offshore & Shipbuilding yard in South Korea, Yonhap News Agency cited the national fire agency. The incident occurred on an oil tanker under construction at the yard in Changwon, South Gyeongsang Province around 11:30 am local time on Augus
Norwegian ferry operator Fjord Line has inked a shipbuilding contract with the Australian shipbuilder Austal Ships for a new catamaran ferry. The newbuild is intended to be put into service on Fjord Line’s route between Kristiansand (Norway) to Hirtshals (Denmark) from the season of 2020, amid three
Startup of new brands for the cruise division and MV Werften Shipyard has pushed cruise operator Genting Hong Kong into a loss of USD 203.2 million during the first half of 2017. The company’s loss has been further widened when compared to last year’s equivalent of USD 53.6 million. Total comprehens
French liner major CMA CGM has reportedly signed a letter of intent (LOI) with two Chinese yards on the construction of up to nine 22,000 TEU megaships. Specifically, in line with the LOI, CSSC Hudong-Zhonghua would be in charge of constructing five ships from the batch, while Shanghai Waigaoqiao Sh
Oslo-listed Philly Shipyard Inc revealed that US-based TOTE Maritime was the company with whom it signed a Letter of Intent (LOI) for the construction and sale of up to four new containerships intended for the Hawaii trade. The confirmation came on the heels of an announcement from Saltchuk related
The Shipbreaking Workers Union Gadani (SBWUG) called off their planned strike action on August 4 after reaching a deal, which includes a wage increase, with the employers association. The union earlier planned to start an indefinite strike on the back of a number of incidents at Pakistani yards, the
Shanghai-listed China Shipbuilding Industry Corporation (CSIC ) has signed a debt-for-equity swap agreement with eight state-backed investors worth up to RMB 21.9 billion (USD 3.28 billion). The shares to be sold relate to CSIC’s two subsidiaries, Dalian Shipbuilding Industry (DSIC) and Wuchang Ship
There is no incentive to order new ultra large containerships from a cost perspective right now, despite extremely low prices of newbuilding tonnage, according to Søren Skou, Chief Executive Officer of A.P. Møller – Mærsk A/S. The comment was made in an earnings call anent the CMA CGM 22,000-TEU meg
