Greek shipowner Metrostar Management has reached an agreement with its compatriot Olympic Shipping and Management for the sale of two 308,000 dwt very large crude carriers (VLCCs), according to data provided by VesselsValue. Under the deal reached between the parties, Olympic Shipping will pay a tot
The shipping industry’s management of end-of-life vessels has shown no improvements in 2016 as the number of ships sold for shipbreaking on the beaches of South Asia increased during the year, according to data released by NGO Shipbreaking Platform. Namely, out of 862 ships which were dismantled wor
Newport-based dry bulk shipping and logistics provider Pangaea Logistics Solutions has taken delivery of two Ultramax dry bulk carriers from Oshima Shipyard in Japan, completing its current newbuilding program of six ice class bulkers. The two ice class 1C bulkers, Bulk Destiny and Bulk Endurance, w
Despite a massive scrapping spree of classic Panamax containerships, the sector remains under pressure as up to one hundred further Panamaxes will need to be scrapped before the segment can regain its footing again, according to Alphaliner. A total of 130 Panamax units of 4,000 – 5,100 TEU were remo
Gennadiy Nevelskoy, a new ice-breaking platform supply vessel (IBSV) owned by Russian shipping company Sovcomflot (SCF Group), was named at Finland-based Arctech Helsinki Shipyard on January 30, 2017. The 3,000 dwt Gennadiy Nevelskoy is the first of four vessels being built for SCF at Arctech. “This
Krasnoye Sormovo Shipyard, a part of Russia’s United Shipbuilding Corporation, has signed agreements to construct five chemical tankers and five dry cargo ships by the end of 2018. Under the shipbuilding contracts, Krasnoye will construct the 140-meter-long tankers of Project RST27M for BF Tanker, w
Crude oil tanker company DHT Holdings placed an order for two very large crude carriers (VLCCs) with Korean shipbuilder Hyundai Heavy Industries earlier in January. Featuring 319,000 dwt, the new VLCCs are expected to join the company’s fleet in July and September 2018. DHT said that the newbuilding
French shipping major CMA CGM has selected Wärtsilä Ballast Water Management Systems (BWMS) for its four new 3,300 TEU container vessels currently under construction. The BWMS system chosen for these vessels is a 500m3 per hour capacity Wärtsilä Aquarius UV system. It uses a simple two-stage process
Russia’s shipbuilder Nevsky Shipyard has received a contract to construct a series of five dry-cargo vessels for LLC Paula Rise. Under the agreement reached in late December 2016, Nevsky Shipyard will construct the ships of a RSD59 project, which feature a length of 141 meters and a width of 16.9 me
Greece-based Capital Ship Management Corp. has taken deliveries of a crude oil/product tanker newbuilding and a 2011-built bulk carrier. M/T Aristoklis, a 112,800 dwt Ice Class 1C tanker, was handed over to the company from South Korean Daehan Shipbuilding on January 25, 2017. The Aframax tanker is
Bermuda-based owner and operator of liquefied natural gas (LNG) carriers Teekay LNG Partners revealed that its first icebreaker LNG newbuilding was launched in South Korea on January 21, 2017. The vessel, Eduard Toll, is Teekay’s first of six 172,000 cubic meter ARC7 LNG carriers to be constructed f
Italian shipbuilder and ship designer Fincantieri has been asked to revise its offer for Norwegian Vard Holdings Limited (VARD) as the minority shareholders of Vard “are not happy with the offer,” according to Securities Investors Association (Singapore). Fincantieri, the current majority shareholde
Discussion on the recently published European list of approved ship recycling facilities has raised a number of issues at the fourth Ship Recycling Congress on January 25-26 in London. Namely, while the Danish Shipowners’ Association continues to argue that the list, which at this stage only feature
Russia’s Krasnoye Sormovo shipyard, cruise company Vodohod and leasing firm Goznak-Leasing have signed a three-party contract for the construction and delivery of a cruise liner within the Project PV-300, MNP Group informed. Under the agreement, the ship will be built at Krasnoye Sormovo shipyard, p
