The Netherlands-based Damen Shipyards Group has entered into an agreement with Singapore’s Keppel Offshore & Marine for the acquisition of the Keppel Verolme shipyard in the Rotterdam Botlek area. With the acquisition of the Verolme shipyard, Damen strengthens its repair and conversion activities wi
Norwegian shipping and tank terminal company Odfjell has signed final shipbuilding contracts for the construction of two chemical tankers with Chinese shipbuilder Hudong-Zhonghua Shipbuilding. The tankers, which will have 40 stainless steel cargo tanks, will feature 38,000 dwt and a cargo capacity o
Finnish engineering company Wärtsilä has started working with a number of major shipyards in an effort to ease the retrofitting process of Ballast Water Management systems (BWMS). The agreements are intended to establish cooperation and communication between the parties in relation to the Internatio
Dutch shipbuilder Ferus Smit launched MV Arklow Clan, an open hatch single decker, at its Westerbroek yard on April 7. The 5,200 dwt Arklow Clan is the fourth in a series of ten ships that will be delivered to Ireland-based Arklow Shipping. With a hold volume of 220,000 cft, the newbuilding features
South Korean shipping company Hyundai Merchant Marine (HMM) has signed a letter of intent (LOI) with compatriot shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of five 300,000 dwt very large crude carriers (VLCCs), with an option of five more vessels. “We currently o
As part of its diversification strategy, Singapore-based Triyards Holdings Limited has secured USD 32.9 million in new contracts in April 2017, bringing the company’s order book value to USD 321 million. The contracts include the fabrication of seven tugboats and one 16-metre aluminium crew transfer
Operator of floating production storage and offloading (FPSO) units BW Offshore Limited (BWO) has signed a cooperation deal with financial leasing firm ICBC Financial Leasing to jointly pursue international infrastructure projects with a focus on FPSOs. Under the agreement, the parties plan to estab
Italian shipbuilder Fincantieri has reached an agreement in principle with the French government on the acquisition of its rival company STX France. “This agreement also confirms Fincantieri’s long-standing and fruitful collaboration in the naval segment with the French company DCNS. Fincantieri wil
South Korea’s National Pension Service (NPS), one of the main debt holders of Daewoo Shipbuilding & Marine Engineering (DSME), has not decided whether to accept the debt restructuring plan aimed at saving the country’s financially-troubled shipbuilder, Yonhap News Agency reports. The pension fund, w
Project partners Consolidated Marine Management (CMM), Hyundai Heavy Industries (HHI), Wärtsilä Oil & Gas, and DNV GL presented a new LPG fuelled carrier design LPGreen, as a results of the parties’ joint industry project (JIP). The new concept design achieves state of the art performance on several
Japan-based Mitsui O.S.K. Lines (MOL) and South Korean Samsung Heavy Industries (SHI) have received an Approval In Principle (AIP) for the future design of a series of four LNG-powered 20,000 TEU containerships, which have been under construction. Issued by the international classification society D
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) and the international classification society DNV GL have presented the results of a joint development project (JDP) for the design of a liquefied natural gas (LNG) carrier based on today’s technology. The project focused on delivering a d
Finland-based ferry company Viking Line signed a conditional shipbuilding contract with China’s Xiamen Shipbuilding Industry for a new passenger cruise ship, with an option for an additional vessel. A final agreement is subject to the approval of the Board of Directors of both the buyer and the sell
Florida-based Eastern Shipbuilding Group has won a contract to construct three double-ended 4,500 passenger ferries for The City of New York Department of Transportation (NYCDOT) and the Staten Island Ferry Division. The three Staten Island-Ollis Class Ferries are from a design provided by Elliot Ba
