Dutch banks ABN AMRO, ING Bank and NIBC, together with the Scandinavian counterparts SEB and DNB, announced today at NOR-Shipping in Oslo that they are all introducing Responsible Ship Recycling Standards (RSRS) for their ship financing. The announcement was made during the biannual industry gatheri
Greek shipowner DryShips has won “firm commitment” for a senior secured credit facility of up to USD 150 million with Dutch ABN AMRO bank and the Export–Import Bank of Korea (KEXIM), the company said. The loan is intended to be used to partly finance the delivery of the shipowner’s four Very Large G
M/V NKT Victoria cable layer, built by the Norwegian shipyard Kleven Verft AS, was awarded the Nordic maritime trade journal Skipsrevye‘s Ship of the Year award during the first day of Nor-Shipping. The ship, featuring SALT 306-design, was contracted by ABB in September 2015. The vessel was delivere
Japan-based international non-profit NGO Peace Boat has inked a letter of intent (LOI) with Finnish shipbuilding company Arctech Helsinki Shipyard for the construction of Ecoship, “the world’s greenest cruise vessel”. The agreement was signed at Nor-Shipping 2017 in Oslo on May 30. “We have agreed w
The first ships to be classed with Lloyd’s Register’s cyber notations have been delivered to Global United Gas Carriers in Korea. Built by Hanjin Heavy Industries, in collaboration with Alpha Ori Technology, the ships have been awarded the notation Cyber (AL-SAFE) certifying the autonomous systems o
UK-based engineering company Rolls-Royce has revealed a radical overhaul of its vessel design philosophy in an effort to optimise construction and operations without reducing the use of space on board. The new design incorporates four key features in each design, including a knuckle line that slopes
The current orderbook for dual-fuel vessels shows some considerable growth in shipowners’ investment in LNG-powered vessels, Gibson Shipbrokers says in its weekly tanker market report. Some significant orders have been Sovcomflot’s 4 ice class Aframax tankers and AET’s order of 4 Aframaxes in additi
Finland’s ship designer Deltamarin has secured first contracts for its 2,150 TEU container vessel design from Icelandic Eimskip Ltd and Greenland-based Royal Arctic Line A/S, the company said. The duo has ordered three container ships in total and they will be built at the Guangzhou Wenchong Shipyar
The CEOs of Italian shipbuilding major Fincantieri and its compatriot oil and gas company Eni, Giuseppe Bono and Claudio Descalzi, have signed a Memorandum of Understanding (MoU) on research & development in the field of energy systems, with particular focus on the natural gas transport chain. The d
South Korean shipbuilder Hyundai Mipo Dockyard has received an order to contruct two Ro-Ro vessels from an undisclosed European shipowner. The new vessels, which were ordered under a KRW 133.9 billion (USD 119 million) worth contract, are scheduled for delivery by the end of 2019, the company inform
Norwegian ship designer Ulstein Design & Solutions AS confirmed it has been awarded a contract by China Merchant Group (CMG), which will build an expedition cruise vessel for Miami-based expedition vessels provider SunStone. As informed, the contract includes the design and equipment package for one
Monaco-based shipowning company specializing in bulk carriers Transocean Maritime Agencies has ordered two Panamax bulk carriers at China’s Jingling Shipyard Jiangsu, data from VesselsValue shows. As indicated, the 82,000 dwt newbuildings are priced at USD 24 million each. The first ship from the ba
Image Courtesy: NASSCO Palmetto State, the eight and final tanker constructed at US-based shipyard General Dynamics NASSCO, returned from its first run at sea last week. Built for American Petroleum Tankers (APT), the newbuilding was christened and launched on March 25. Back in 2013 and 2014, NASSCO
Oslo-listed owner and operator of liquefied natural gas (LNG) carriers Flex LNG has signed agreements to buy six LNG ships, Reuters reports citing the company’s chief executive Jonathan Cook. The 170,000-cubic metre ships will be built by South Korean Samsung Heavy Industries (SHI) and Daewoo Shipbu
