A new liquefied natural gas (LNG) carrier has been delivered to a consortium comprising Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines, Ltd. (MOL), Kawasaki Kisen Kaisha, Ltd. (“K” Line), and the Shipping Corporation of India Ltd. (SCI). Handed over on November 30 in South Korea, the membr
Floating liquefied natural gas company Höegh LNG has signed a Letter of Intent (LOI) for one firm and three optional floating storage and regasification units (FSRUs) at South Korea’s Samsung Heavy Industries (SHI). Complete shipbuilding contract for the firm vessel is expected to be signed by mid-J
South Korea’s shipbuilder Hyundai Mipo Dockyard (HMD) has entered into an agreement to build a 7,500 cbm liquefied natural gas (LNG) bunkering vessel for German-based company Bernhard Schulte Shipmanagement. The vessel will feature a length of 117 meters and a width of 20 meters, according to Hyunda
On December 2, 2016, Singapore-based Jurong Shipyard held a naming ceremony for the Pioneiro de Libra, a shuttle tanker which was converted into a floating production, storage and offloading (FPSO) vessel for a joint venture between Odebrecht Oil & Gas and Teekay Offshore (OOGTK). The ceremony took
Dubai-based shipping company Gulf Navigation Holding (GulfNav) is looking to expand its operations in the northern region of the United Arab Emirates with a set of maritime activities under the GNH Northern Project. A consortium consisting of GulfNav and two members of China Shipbuilding Industry Co
Readers’ Picks of the Week (Nov 28 – Dec 2, 2016)
South Korea’s Samsung Heavy Industries (SHI) has terminated a contract for the construction of a liquefied natural gas (LNG) floating production and storage (FPSO) unit the shipbuilder signed with an European buyer back in January 2009. The contract, valued at KRW 907.6 billion (USD 774 million), wa
Wind turbine manufacturer Siemens Wind Power has presented the world’s first heavy cargo Roll on/Roll off (RoRo) vessel custom designed to transport wind turbine components at the Port of Esbjerg in Denmark. The 141-metre long Rotra Vente, designed by Deugro Denmark, will be used to transport wind t
Italian shipbuilder Fincantieri has held a keel laying ceremony for Seabourn Ovation, the second of two ultra-luxury ships ordered from US-based cruise line Seabourn, part of Carnival Corporation, at the Sestri Ponente shipyard in Genoa. The steel cutting ceremony for the new vessel was held in June
Swiss-based cruise line MSC Cruises has held a steel cutting ceremony for MSC Bellissima, the second of the Meraviglia generation of cruise ships, at STX France’s shipyard in Saint-Nazaire, France. The new cruise ship is expected to come into service in 2019, according to the company. “MSC Cruises a
Petroleum products shipping company Navig8 Product Tankers has taken delivery of the Navig8 Goal, a 113,000 DWT LR2 tanker from Guangzhou Shipyard International Company Limited (GSI). The Navig8 Goal is the fifth of eight vessels contracted at GSI to be delivered to Navig8 Product Tankers. The vesse
Rolls-Royce plans to lay off 800 more workers from it Marine business throughout 2016 and 2017 citing ”continuing weakness in the maritime market” as the reason for the third wave of job cuts at the division in less than a year. ”Today’s proposals follow a series of cost reduction initiatives carrie
The inauguration ceremony of the King Salman Global Maritime Industries Complex was held at Ras Al-Khair, near Jubail in Saudi Arabia, on November 29, 2016, South Korean shipbuilder Hyundai Heavy Industries (HHI) informed. Saudi Arabia’s King Salman bin Abdulaziz Al Saud laid the cornerstone of the
US-based Philly Shipyard (PSI) has delivered the American Endurance, the first of four 50,000 dwt product tankers being built for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan. The American Endurance is part of a USD 568 million agreement signed between Kinder Morgan and Philly Tan
