South Korean shipbuilding major Hyundai Heavy Industries (HHI) is competing with the Chinese rival Shanghai Waigaoqiao Shipbuilding (SWS) for the construction of up to nine 22,000 TEU containerships, Asiasis reports. The order for the record-breaking Ultra Large Containership Vessels (ULCV) has been
UK-based engineering company Rolls-Royce has signed a deal with WestSea Yard, part of Martifer Group, to equip an expeditionary oceanic cruise ship for Portuguese cruise company Mystic Cruises. The newbuild, to be named MS World Explorer, is the first of several ships to be built by the Portuguese c
Teekay Offshore Partners (TOO) has entered into conditional contracts with Samsung Heavy Industries (SHI) to construct two Suezmax-size DP2 shuttle tankers, with options to order up to two additional vessels. Upon delivery in 2019 and 2020, the 154,000 dwt vessels will provide shuttle tanker service
In today’s spotted, we bring you an image of Navigator Jorf, an LPG carrier which was recently delivered to Navigator Gas by Hyundai Mipo Dockyard (HMD) in South Korea. With a carrying capacity of 38,000 cbm, the vessel is intended to carry ammonia and trade in North West Europe and between the Medi
Bulgarian shipping company Navigation Maritime Bulgare (Navibulgar) is looking to expand its fleet with four new Handymax bulk carriers. The company has ordered the 42,000 dwt ships at China’s Chengxi shipyard, plus two optional vessels of identical size, VesselsValue’s data shows. Navibulgar will p
After a painful decade in which the shipping industry has suffered from an unhealthy supply position, a sustained reduction in contracting has at last begun to move fleet orderbook into closer balance with an improving demand picture. However, shipyards remain underemployed and must still fight for
Shipbuilding woes continued to put a significant amount of pressure on South Korea’a Hyundai Heavy Industries (HHI), as the shipbuilder saw a 49.7 percent drop in its net income during the second quarter of 2017. HHI delivered a net income of KRW 69.2 billion (USD 61.6 million) for the quarter ended
India’s Gujarat Maritime Board (GMB) has issued an ultimatum to Alang yards that have yet to modernize and improve their facilities under the guidelines laid out in the Hong Kong Convention (HKC) for ship recycling. “This is certainly a bold and forward thinking maneuver by the Indian government tha
The construction of Carnival Cruise Line’s newest ship, Carnival Horizon, is moving along as scheduled as work continues at the Fincantieri shipyard in Marghera, Italy. Launched in March this year, the 133,500 gross ton newbuild is the company’s second Vista-class ship. Once completed, the cruise ve
France has decided to refuse the proposal of Italian shipbuilder and ship designer Fincantieri to acquire the majority stake in STX France shipyard. By using its right of preemption, France will control 100% of STX France in the next few months. The decision will give the country time for better neg
South Korean shipbuilder Hyundai Heavy Industries (HHI) has won a contract to build up to eight very large gas carriers (VLGCs) for the oil trading company Vitol, according to Reuters. Under the deal, the shipbuilder will construct two liquefied petroleum gas (LPG) tankers with a capacity of 84,000
M/T Paul A. Desgagnés, a dual fuel LNG IMO-II chemical tanker owned by Canadian shipping company Desgagnés Group, has been launched at Turkish Besiktas Shipyard. The launching of the 14,000 dwt ship took place on July 29. Paul A. Desgagnés is the third in a series of four asphalt-bitumen-chemical ta
Singapore-based dry bulk owner Berge Bulk has taken delivery of the latest in the series of four 262,000 dwt vessels, the Berge Annapurna. Featuring a length of 327 meters and a width of 57 meters, the company’s newest ore carrier vessel was constructed by China’s Longxue shipyard and delivered to i
The technology group Wärtsilä has been contracted to supply the exhaust gas cleaning systems for two new 56,000 dwt Handymax bulk carriers. The ships are being built at Japan’s Oshima Shipbuilding for Tokyo-based NYK Bulk & Projects Carriers (NYK BP), a wholly owned subsidiary of Nippon Yusen Kabush
