UK-based engineering company Rolls-Royce has received an order for four diesel engines to power the world’s largest hybrid ferry being built for the Norwegian cruise and transport company Color Line. The ferry is designed by Fosen and will be built at Ulstein Verft in Norway. When completed by the s
Norwegian shipowner Ocean Yield has taken delivery the delivery of the liquefied ethylene gas carrier Gaschem Orca from China’s Sinopacific Offshore & Engineering (SOE). Upon delivery, the carrier commenced a 15-year bareboat charter to the German shipping company Hartmann Group. It will enter into
Greek shipping company Metrostar Management Corporation has ordered two more Aframaxes from South Korea’s Daehan Shipbuilding, VesselsValue data shows. Under the agreement signed on June 15, the shipbuilder is scheduled to deliver the two 114,000 dwt vessels to Metrostar Management in 2019. Athough
Norwegian shipping and tank terminal company Odfjell has signed a Term Sheet with Chemical Transportation Group (CTG) to purchase the last five stainless steel newbuildings. The ships are a part of a newbuilding order of ten 25,000 dwt vessels with 24 stainless steel tanks, under construction at Chi
Thailand-listed dry cargo ship owner Precious Shipping has cancelled the final Ultramax newbuilding order at China’s shipyard Taizhou Sanfu Ship Engineering. The company said that the final shipbuilding contract for hull a 63,345 dwt bulk carrier was automatically terminated on May 31, 2017 as Sanfu
Maersk Supply Service, a part of Danish shipping and offshore energy conglomerate Maersk Group, has entered into agreements with two yards to postpone delivery of a total of nine newbuildings. The vessels in question include five anchor handling vessels, under construction at Kleven Yard in Norway,
The NGOs and trade unions have criticized the shipbreaking practices of Transpetro, a part of Brazil-based Petrobras, which sent more than twenty vessels to the beaches of India and Pakistan in the last five years. In an official letter sent on June 2, 2017 to Transpetro, Severino Almeida, president
FMG Sydney, the fourth of eight very large ore carriers (VLOCs) ordered in 2014 by Australian iron ore company Fortescue Metals Group (Fortescue), has arrived into Port Hedland. The 260,000 dwt newbuilding, which flies the flag of Hong Kong, features a length of 327 meters and a width of 57 meters.
South Korean holding company STX Corporation has been given a one-year rehabilitation period for its stock to resume trading, according to Yonhap News Agency. Following the one-year period, the Korea Exchange is expected to review whether to delist the company. The decision was made after the compan
The High Court of Bangladesh has halted the breaking of the floating oil production and storage tanker, North Sea Producer, following discovery of radioactive substances aboard the vessel. The radioactive substances accumulated over the years of processing crude oil were found in inside pipes, with
In today’s spotted we bring you an image from the launching ceremony of Flying Clipper, a full-rigged sailing ship, held at Croatian shipyard Brodosplit on June 10. Brodosplit said that Flying Clipper is now the world’s largest sailing vessel. Built for Monaco-based cruise company Star Clippers, the
Japanese shipbuilder Mitsubishi Heavy Industries, Ltd. (MHI) has reached a basic agreement with its compatriot Oshima Shipbuilding as part of efforts to form an alliance in the commercial ship business. The deal aims at establishing a technical alliance to focus on development of new ship designs an
In an effort to improve its financial situation, the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering unveiled its plans to sell KRW 793 billion (USD 702.2 million) worth of new shares. According to a stock exchange filing, DSME’s shares will be sold to the company’s main creditor,
Video Courtesy: Royal Caribbean The newest member of Royal Caribbean International’s Oasis class of ships, Symphony of the Seas, is now one step closer to full completion as its April 2018 debut approaches. With the exterior now complete, the ship was floated out of its dry dock at STX France shipya
