China’s Cosco (Zhoushan) Shipyard, part of Cosco Shipyard Group, has agreed to postpone the delivery of one bulk carrier to an unnamed European client by one year. Upon the request of the client, the delivery of the bulker was pushed from the second quarter of 2017 to the second quarter of 2018. The
Chevron North Sea Limited has canceled its order for a Floating Production Storage Offloading (FPSO) unit at South Korea’s Hyundai Heavy Industries. The shipbuilding contract, signed in April 2013, was valued at KRW 2.157 trillion (around USD 1.85 billion). HHI was in charge of the design verificati
Switzerland-based shipping company Nova Marine Carriers has named NACC Capri, a 7,300 dwt pneumatic cement carrier, following its delivery in November 2016. The 5,173 gross ton ship, which features a length of 109.9 meters and a width of 16.8 meters, was built by Chinese shipbuilder Ningbo Xinle. Ca
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has reached an agreement with compatriot electric utility Kansai Electric Power (KEPCO) to jointly own a liquefied natural gas (LNG) carrier through a vessel-owner company. Under the agreement, NYK will have a 30 percent and KEPCO 70 perc
Singapore-based shipping company GC Tankers has sold two very large crude carriers (VLCC), which are being built by China’s shipbuilder Jinhai Heavy Industry, to Greek shipowner Marmaras Navigation, VesselsValue’s data shows. The price of the two 320,000 dwt newbuildings was not disclosed. The marke
German shipbuilder MV Werften has contracted DNV GL for the classification of three Endeavor class newbuildings being built for the US-based cruise line Crystal Yacht Expedition Cruises. The contract includes the classification of three 20,000 gross ton megayachts to be delivered in 2019, 2020 and 2
Norway’s shipping company Höegh Autoliners took delivery of Höegh Trotter, the firm’s sixth New Horizon Pure Car Truck Carrier (PCTC), in Xiamen, China, on December 8, 2016. Höegh Trotter is the final Post-Panamax vessel to be delivered by Chinese shipbuilder Xiamen Shipbuilding Industry to Höegh Au
Monaco-headquartered dry bulk shipping company Scorpio Bulkers has reached agreements with Hudong-Zhonghua (Group) in China to reduce the price to be paid under the shipbuilding contracts for two Kamsarmax newbuilds. The price of the two Kamsarmax vessels, which are to be delivered between Q1 2017 a
South Korean shipbuilder Hyundai Heavy Industries (HHI) has signed contracts to construct 14,500 TEU container ships and 49,000 dwt product/chemical carriers for Islamic Republic of Iran Shipping Lines (IRISL). The value of the contracts, which were signed in Seoul on December 9, 2016, was not revea
Greek shipping company Diana Shipping has entered into a time charter contract with Koch Shipping, Singapore, for San Francisco, one of its Newcastlemax dry bulk vessels which is currently under construction in China. The gross charter rate is USD 11,750 per day for a period of minimum twelve months
Readers’ Picks of the Week (December 5 – 9, 2016)
German container shipping major Hapag-Lloyd held a naming ceremony for Valparaíso Express, the first of five newbuildings in the company’s new 10,500 TEU class, on December 7, 2016. Named at the Terminal Pacifico Sur (TPS) in the port of Valparaíso, Chile, the 118,945 gross ton Valparaíso Express wa
The activities at Pakistan’s Gadani shipbreaking yards are set to resume following an order by the High Court of Balochistan, NGO Shipbreaking Platform’s spokesperson said. The order was made after the Pakistan Ship Breakers Association called on federal and provincial bodies to restart the activiti
Kuwait Oil Tanker Company (KOTC) has opened a shipyard pre-qualification process for the design, construction and delivery of up to eight vessels. Namely, the company, a subsidiary of Kuwait Petroleum Corporation, said that the pre-qualification process is for three Very Large Gas Carriers (VLGC), o
