Singapore-based dry bulk carrier owner and operator Berge Bulk took delivery of Berge Phan Xi Pang, a Handy bulker, from Japanese Imabari Shipyard on May 30. The 38,000 dwt vessel features a length of 180 meters and a width of 29.8 meters. Its market value currently stands at USD 20.24 million, acco
Singaporean commodity trading company Trafigura Group revealed its plans to hire up to 32 newbuild crude oil and product tankers which will be built in Korea and China. According to Trafigura, the order, with a potential value in excess of USD 1.35 billion, is being placed by “a close Asian financia
French President Emmanuel Macron wants to review the terms of Fincantieri’s acquisition of its St Nazaire-based counterpart STX France. “I want to see the initial balance agreed in April to be revised,” Macron is quoted as saying by Reuters while attending the delivery ceremony of MSC’s new cruise s
Swiss-based cruise line MSC Cruises has officially taken delivery of MSC Meraviglia – the first of the company’s six new ships due to come into service between 2017 and 2020 – from STX France shipyard in Saint-Nazaire, France. During the vessel’s flag ceremony held on May 31, MSC Cruises newest flag
China’s COSCO (Zhoushan) Shipyard has delivered a newbuilt bulk carrier to its Hong Kong-based owner KC Maritime. The vessel, named Darya Jaya, was handed over following the recent signing of the delivery documents between the parties, according to COSCO Shipping International (Singapore). Featuring
South Korean shipbuilder Hyundai Heavy Industries (HHI) has seen its newbuilding orders surge during the January-May period as it scored new 62 ship orders worth USD 3.8 billion. The orders jumped by 500% when compared to 12 contracts worth USD 1 billion secured over the five-month period in 2016. I
German shipbuilder Meyer Werft has unveiled the name of the first ship of AIDA Cruises’ first generation liquefied natural gas (LNG)-powered cruise ships – AIDAnova. The cruise company earlier said that the newbuilding will be the world’s first cruise ship that can be run completely on LNG. “With th
Japanese shipbuilder Tsuneishi Shipbuilding revealed plans to lower the construction ratio of bulk carriers by 2023 and shift to other ship types such as tankers and containerships. In response to falling ship prices and ocean freight affected by excess shipping tonnage worldwide, the shipbuilder sa
Partners in the PERFECt joint industry project (JIP) took one step closer to electric-driven 20,000 TEU ships with an LNG-fuelled combined cycle gas and steam turbine (COGES) electric power plant. Namely, the parties involved in the JIP informed that phase II of the project, which examined the poten
European short sea shipping specialist Compagnie Luxembourgeoise d’Navigation (CLdN) RoRo SA has exercised options for construction of two more 5, 400 lane meter vessels at the Korean shipyard Hyundai Heavy Industries (HHI). The latest options will make up the seventh and eighth ship from the compan
The National Shipping Company of Saudi Arabia (Bahri) has signed a shareholder agreement with Hyundai Heavy Industries (HHI), Saudi Aramco and Lamprell to enter into a joint venture (JV) partnership to establish a maritime yard in eastern Saudi Arabia. The JV represents the outcome of the joint vent
Classification society DNV GL has awarded an Approval in Principle (AiP) to Oshima Shipbuilding’s new tween deck solution. The parties presented the 65,000 open-hatch general cargo carrier design at Nor-Shipping conference and exhibition in Oslo, Norway. The design concept was developed by both comp
Italian shipbuilder Fincantieri signed a letter of intent (LOI) with China State Shipbuilding Corporation (CSSC) and Shanghai’s district of Baoshan aimed at creating a cruise ship industrial park. Under the deal signed on May 31, the three parties will engage in the creation of a hub, mainly dedicat
Norwegian shipbuilder and ship designer Ulstein Verft has signed a letter of intent (LOI) with an undisclosed company for the construction of one or more expedition cruise vessels of the design type ULSTEIN CX104. Planned for delivery in 2019 and 2020, the vessels will be designed by Ulstein Design
