Japanese shipping company Kawasaki Kisen Kaisha (K Line) has named a very large liquefied petroleum (LPG) carrier newbuilding to be chartered by Astomos Energy Corporation (Astomos Energy). The naming ceremony was held at Kawasaki Heavy Industries’ Sakaide Shipyard on July 6, 2017. Named Crystal Riv
Finnish ship designer Deltamarin has signed contracts with China-based Xiamen Shipbuilding Industry (XSI) for engineering and construction support services for the Viking Line’s LNG-fueled RoPax newbuilding. As informed, the contracts cover basic and detail design as well as comprehensive project ma
An amended implementation scheme for ships to comply with the D-2 biological standard under the Ballast Water Management Convention (BWMC) was tentatively accepted at the 71st session of the IMO Marine Environment Protection Committee (MEPC 71), American Bureau of Shipping (ABS) informed. The scheme
The Seoul Bankruptcy Court decided on Monday to early finalize the receivership process of South Korea’s STX Offshore & Shipbuilding. According to the latest decision from the bankruptcy court, STX has made considerable progress in its economic recovery as it has adhered to the debt payment schedule
Singapore-listed Yangzijiang Shipbuilding (Holdings) has bagged six effective orders in the second quarter of 2017 totaling in USD 133 million, the company said in a stock exchange filing on Monday. The six contracts include three 1,800 TEU boxships that were exercised from the existing options, whi
The current situation in the shipbuilding industry, characterized by the trough in newbuilding orders, will improve if contracting levels increase, according to Clarksons Research. Trade growth, the replacement of older, less efficient ships and stricter environmental regulations could support yard
Keppel Shipyard, Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary, hosted a naming ceremony on July 2 for the world’s first converted Floating Liquefaction Vessel (FLNGV) owned by Golar Hilli Corporation (Golar), a subsidiary of Golar LNG. The vessel was named Hilli Episeyo and is abo
Dutch shipbuilder Royal Huisman has launched the construction of the world’s largest aluminium yacht at its facilities in Vollenhove. The 81-meter-long vessel, which is being built for an Asian client, is a joint effort of Royal Huisman, Dykstra Naval Architects, designer Mark Whiteley and Bart Kimm
German cruise line AIDA Cruises has christened the newest ship in its fleet, AIDAperla. The christening ceremony, accompanied by a light show and a firework display, took place in Palma de Mallorca in the evening hours of June 30. The 300-meter-long and 37.6-meter-wide cruise ship will be sailing th
In the aftermath of the NonPetya cyber attack that hit one of the major industry players A.P. Moller-Maersk, shutting down its terminals across the globe, World Maritime News spoke with DNV GL on the process of digitalization in the industry that seems to be gaining ground. According to Albrecht Gre
Damen Shiprepair & Conversion (DSC), a part of the Dutch Damen Shipyards Group, has finalized the acquisition of the Keppel Verolme shipyard from Keppel Offshore & Marine. DSC’s acquisition of the yard follows an initial agreement made between the two parties in April of this year. From 1 July, the
Zentech and Renewables Resources International (RRI) revealed plans to build the first Jones Act compliant, four-legged, self-propelled dynamically positioned level 2 (DP2) jack-up vessel based on a US-built barge. Zentech plans to install four truss legs with spud cans integrated into a newly built
Denmark has become the seventh country to accede to the international Hong Kong Convention in an effort to ensure better protection of people and the environment when ships are recycled. In mid-June the International Maritime Organization confirmed that Denmark expresses the wish to accede to the Ho
Cash-strapped South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has decided to proceed with the issue of convertible bonds into stocks within its economic bailout plan. Under the plan agreed in March with its creditors, the company will sell KRW 1.3 trillion (USD 1.14 billio
