Hong Kong-based shipowner Tai Chong Cheang Steamship Group (TCC Group) has taken delivery of two Aframax tanker newbuildings from the Namura Shipyard in Japan. The two 114,700 DWT tankers, the KWK Excelsus and the CSK Vanguard, were delivered to the owner in the second half of 2016. Both vessels are
Nasdaq-listed owner and operator of drybulk and container carrier vessels Euroseas has taken delivery of a bulker newbuilding from Dayang shipyard in China. The newbuilding Hull DY 160, to be renamed Alexandros P, is a 63,500 dwt Ultramax dry bulk carrier built in January 2017. Alexandros P is one o
Norway-headquartered marine crane and equipment manufacturer TTS Group has delivered the first of four shipsets of TTS deck equipment to Shanghai Shipyard to be used on vessels ordered by China Ocean Shipping (Group) Company (COSCO) . In April 2015, Shanghai Shipyard, part of the China State Shipbui
The head of the financially-troubled South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) was interrogated by prosecutors on January 17, 2017, due to allegations that the firm altered accounts and figures to hide its losses, local media reported. Jung Sung-leep, DSME’s President
International banking group Standard Chartered has completed three shipping finance deals for clients in Asia and the Middle East valued in excess of USD 1.6 billion. In December 2016, Standard Chartered concluded a USD 684.5 million, up to 12-year non-recourse shipping finance facility for BW Gas J
Norwegian shipbuilder and ship designer Vard has signed a Letter of Intent (LOI) for the design and construction of an expedition cruise vessel for an undisclosed international cruise company. The luxury vessel will be about 145 meters long and 20 meters wide, with accommodation for 220 passengers.
US-based crude oil shipping company Gener8 Maritime has taken delivery of the ECO very large crude carrier (VLCC) Gener8 Hector from Hanjin Heavy Industries and Construction Philippines, Inc. Gener8 Hector, which was delivered on January 6, 2017, represents the nineteenth of 21 ECO VLCCs expected to
Haimen-based shipbuilder China Merchants Heavy Industry (CMHI) has held a keel laying ceremony for Saga LNG Shipping’s mid-sized liquefied natural gas (LNG) carrier. The 45,000 cbm carrier is the first of two ships ordered in late 2015 by the company. Scheduled for delivery in the first quarter of 2
Third country ship recycling yards should get EU recognition to raise standards worldwide and respond to demand, according to European Community Shipowners’ Associations (ECSA). In December 2016, the European Commission published its first edition of the EU list of approved ship recycling facilities
U.S. shipbuilder Philly Shipyard (PSI) has laid the keel for the final product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan subsidiary. When completed, the product tanker will be 600 feet long and capable of carrying 50,000 tons of crude oil or refined petroleu
In today’s spotted we present you Shi Zi Yang 7, a 40-meter catamaran passenger ferry which has been launched in Hong Kong. To be operated by Sea’s Young in Hong Kong, the ship was constructed by shipbuilder Wang Tak. The 199-passenger ferry was designed by naval architect Incat Crowther. “The desig
Greece-based Capital Ship Management Corp. has taken deliveries of two tanker newbuildings from Asian shipyards and a 2011-built bulk carrier. M/T Amfitrion, a 50,100 dwt IMO II/III eco chemical/product tanker, was delivered from Samsung Heavy Industries (SHI) Ningbo in China on January 12, 2017. Th
South Korean shipbuilder Samsung Heavy Industries (SHI) has raised its orderbook goal for 2017 to USD 6 billion, from last year’s USD 5.3 billion target as the shipbuilding industry is expected to slightly improve during 2017, according to Yonhap News Agency. The announcement was made amid a protrac
Dutch shipbuilding company Ferus Smit has launched Arklow Castle, the third in a series of ten vessels being built for Ireland-based Arklow Shipping. The single deck cargo vessel was launched at the shipbuilder’s Westerbroek yard on January 12, 2017. With a maximized hold volume of 220,000 cft and a
