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South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) and Industrial Development and Renovation Organization of Iran (IDRO) have agreed a mutual cooperation related to the Iranian shipbuilding industry. The parties signed a Head of Agreement (HoA), under which they plan to estab
Greek dry bulk ship owner Diana Shipping has received a full refund payment in the amount of USD 9.4 million following the cancellation of the shipbuilding contract for a Kamsarmax dry bulk carrier. The shipbuilding deal with China’s Yangzhou Dayang Shipbuilding was cancelled in early November due t
Greek shipowner New Shipping Ltd is looking to expand its very large crude carrier (VLCC) fleet as the company signed a Letter of Intent (LOI) for the construction of two 320,000 dwt tankers, VesselsValue data shows. The shipowner is reportedly paying a price of USD 70 million for each ship. Besides
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Owner and operator of liquefied natural gas carriers Teekay LNG Partners has decided to sell its 151,800 dwt Suezmax tanker to Greece-based shipowner Eurotankers, according to data provided by VesselsValue. The vessel in question is the 269-meter-long Asian Spirit, built by South Korean Hyundai Heav
Geneva-based cruise giant MSC Cruises and French shipbuilder STX France have finalized the contract details for the previously announced two options for Meraviglia-Plus class cruise ships. With all ship specifications now agreed, the companies said that the contract has come into force, with vessel
The crude oil tanker segment composing of VLCC, suezmax and aframax ships, experienced a net-fleet growth of 7.3%, which is equal to 24.3 million dwt during the period from January 2014 to October 2016, according to BIMCO. The VLCC segment, with 20.7 million dwt or a net fleet growth rate of 11% too
Japan’s Mitsubishi Corporation (MC) has unveiled plans to deploy a new liquefied natural gas (LNG) carrier for its Cameron LNG project in the United States. Featuring 165,000 cbm, the LNG carrier will be owned by Diamond LNG Shipping 3 Pte. Ltd. (DLS-3), a ship-owning joint venture formed between MC
Bermuda-based ship owner Ship Finance International Limited has taken delivery of MSC Anna, the first of two 19,200 TEU container vessels ordered from South Korean shipbuilder Hyundai Heavy Industries (HHI). The ultra large container vessel (ULCV) is chartered out to Swiss-based Mediterranean Shippi
Greek dry bulk ship owner Diana Shipping has reached an agreement to reduce the contract price and change the delivery date for two Newcastlemax dry bulk carriers currently under construction in China. Namely, the company signed two addenda with China Shipbuilding Trading Company, Limited and Jiangn
Greek owner and operator of drybulk and container carriers Euroseas has signed an agreement to acquire an Ultramax drybulk carrier from China’s Dayang shipyard. The 63,500 dwt newbuilding Hull DY160 is expected to be delivered in January 2017, subject to a successful inspection by the company by lat
French shipping company Brittany Ferries has signed a letter of intent (LOI) with German Flensburger Schiffbau shipyard for the construction of a new ship powered by liquefied natural gas (LNG). A final contract for the 1,680-passenger ferry is expected to be signed in spring 2017. Following the agr
