Navig8 Chemical Tankers has taken delivery of the Navig8 Spica, a 25,000 dwt stainless steel chemical tanker, from Fukuoka Shipbuilding in Japan. The Navig8 Spica is the first of two vessels contracted at Fukuoka to be delivered to the company and is the first of two vessels to be delivered under th
Greek shipping company Thenamaris revealed it has taken delivery of Seatriumph, a very large crude carrier (VLCC) newbuilding. The construction of the 299,227 dwt tanker was completed this month at South Korean shipyard Hyundai Heavy Industries (HHI), according to information provided by VesselsValu
Dubai Maritime City Authority (DMCA) is considering setting up a USD 1 billion fund to boost investments in shipping and spur on Dubai’s maritime sector, Reuters cited sources familiar with the matter as saying. The investment fund will be available to Dubai-based companies, the sources told Reuters
German shipbuilder Meyer Werft has held a keel laying for Norwegian Cruise Line’s latest newbuilding, the Norwegian Bliss, at the yard’s facility in Papenburg, Germany. During the ceremony, one of the keel blocks of the 167,800 gross ton vessel was lifted into the covered building hall, signifying a
Singapore-based Keppel Singmarine has secured a contract worth a total of SGD 103 million (USD 74.2 million) to build two small-scale LNG carrier vessels for Stolt-Nielsen Gas B.V., a subsidiary of Stolt-Nielsen Limited. As part of the contract, Keppel Singmarine has also secured options to build an
South Korean shipowners have placed orders for the construction of thirteen vessels at Chinese shipyards so far in 2017, with only seven ships ordered at domestic yards, Yonhap News Agency cited industry sources as saying. In total, twenty ships have been ordered by South Korean shipping companies u
Representatives from marine and IT-industry have teamed up to enable fully remote controlled vessels in the Baltic Sea in three years and to achieve autonomous commercial maritime traffic by 2025. The founding partners in the One Sea – Autonomous Maritime Ecosystem, are ABB, Cargotec (MacGregor and
Greek ship owner Primerose Shipping has ordered two bulk carriers in China, shipbroking sources say. The two 81,000 dwt vessels are to be built by China’s state-owned CSSC Chengxi Shipyard. The shipbuilding contracts for two bulkers have been valued at USD 24.8 million each, and the vessels are said
South Korean shipbuilder Samsung Heavy Industries (SHI) has inked a contract with compatriot natural gas company Korea Gas Corporation (KOGAS) for the construction of two small-scale liquefied natural gas (LNG) carriers. Under the terms of the USD 100 million contract, the ships are expected to be d
China-based COSCO (Dalian) Shipyard, a subsidiary of COSCO Shipyard Group, has delivered bulk carrier newbuilding Flag Lama to a European owner. The 79,500 dwt vessel was handed over to Greek shipping company Golden Union, VesselsValue’s data shows. The Panamax bulker, which has a market value of US
Chemicals transportation company Navig8 Chemical Tankers has entered into a second sale and leaseback deal with subsidiaries of Japan-based SBI Holdings Inc (SBI) for two 25,000 dwt stainless steel chemical tankers being built by Japanese Fukuoka Shipbuilding. BNP Paribas and Crédit Agricole Corpora
Petroleum products shipping company Navig8 Product Tankers has taken delivery of the Navig8 Gratitude, a 113,000 DWT LR2 tanker from China’s Guangzhou Shipyard International Company Limited (GSI). The Navig8 Gratitude is the last of eight vessels contracted at GSI, formerly CSSC Offshore & Marine En
Italian shipbuilder and ship designer Fincantieri has signed a share purchase agreement for the acquisition of 66.66% of the share capital of STX France from its current shareholder, STX Europe AS. The agreement entails a purchase price of EUR 79.5 million (USD 88.5 million), to be paid through avai
Taiwan Navigation Company (TNC) has been tied to the order of two Ultramax bulk carriers. The order was allegedly placed by the company at Japanese Oshima shipyard on May 10, VesselsValue’s data shows. As set under the contract terms, the company would pay USD 25.5 million for each of the two 62,000
