Honolulu-based shipowner Pasha Hawaii has ordered two new liquefied natural gas (LNG) fueled containerships from Keppel AmFELS, a subsidiary of Keppel Offshore & Marine (Keppel O&M). The new U.S. Jones Act vessels will carry 2,525 TEUs, including a fully laden capacity of 500 45-foot containers, 400
Norwegian shipping company Torvald Klaveness has taken delivery of MV Ballard, an 80,500 dwt CABU combination carrier, from Chinese shipbuilder Zhejiang Ouhua Shipbuilding. The Panamax bulk carrier, which has a length of 228.4 meters and a width of 32.3 meters, is the third in a series of three CABU
Italian shipbuilder Fincantieri reported a EUR 1.104 billion in revenue and income for the first quarter of this year against EUR 1.048 billion (approximately USD 1.19 billion) year earlier, up 5.3% compared to the same period of 2016. The company’s EBITDA was also up year-on-year standing at EUR 67
Norwegian maritime technology expert Kongsberg and its compatriot fertilizer producer Yara have teamed up on a project to build world’s first autonomous and zero emissions ship. Named Yara Birkeland, the vessel will be the world’s first fully electric container feeder, the duo claims, adding that th
Attractive newbuilding prices have pushed the order count for very large crude carriers (VLCC) to around 30 so far this year, which is more than double when compared to last year’s 13 orders for the entire year. What is more, a number of owners, not just VLCC owners, are considering investment in ne
Australian shipbuilder Incat has received a contract for the design and construction of a large vehicle-passenger ferry for the Canary Islands-based shipping company Naviera Armas. The contract price is EUR 74 million (USD 80.7 million) and the construction of the vessel is expected to commence in J
Belgian tanker owner and operator Euronav has placed an order for two high specification Ice Class Suezmax vessels with Hyundai Heavy Industries (HHI) shipyard in South Korea. The company said that the order has been prompted by the signing of an additional two long-term time charter contracts of se
German cruise line TUI Cruises celebrated the delivery of its new cruise ship Mein Schiff 6 on May 9, 2017. The ship was constructed by Finnish shipbuilder Meyer Turku. Featuring a length of around 294 meters, Mein Schiff 6 has 15 decks with around 1,267 staterooms and the capacity to carry approxim
The National Shipping Company of Saudi Arabia (Bahri) has signed a Memorandum of Understanding (MoU) with the South Korean shipbuilder Hyundai Heavy Industries (HHI) for cooperation in the field of big data. Under the MOU, the two companies will jointly develop smart ship solutions and apply them to
South Korean shipbuilder Samsung Heavy Industries was cleared to partially restart construction works at its Geoje yard, less than a week after a fatal crane incident occurred at the site, according to Yonhap News Agency. Following the crane collision on May 1, when a structure fell from one of the
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COSCO Shipping International (Singapore) has decided to sell equity interest in its shipyard assets for a price of CNY 1.46 billion (USD 211.5 million) to COSCO Shipping Heavy Industry. In an effort to centralize operations and management, the company said it will dispose of a 51% equity interest in
Finland-based shipbuilder Meyer Turku has seen its net profit for 2016 reach EUR 25 million, jumping by some 66 percent from EUR 15 million reported in 2015, as the company witnessed “another profitable year.” The company’s revenue surged by 33 percent ending the year at EUR 792 million, compared to
South Korean shipbuilder Hyundai Heavy Industries has decided to shut down its Gunsan dockyard starting from July 1, 2017, the company said in a stock exchange announcement. The shipbuilder said that the yard would be temporarily closed due to a lack of shipbuilding orders. During the period, mainte
