Klaveness: No Company Is “Too Great to Fail” One month after the South Korean shipping giant Hanjin Shipping sought bankruptcy protection, there are a number of important lessons to be learned from the event, according to Norwegian shipping company Torvald Klaveness… Read More Drewry: Container Ship
UK ferry operator Wightlink has revealed that the steel cutting ceremony for its new ship took place at the Cemre shipyard in Yalova, Turkey, on October 4, 2016. To be deployed on the Fishbourne-Portsmouth route, the new ferry is expected to come into service in summer 2018, according to Wightlink.
Dutch coastal shipping company Thun Tankers has placed an order for four coastal tankers at its compatriot shipbuilder Scheepswerf Ferus Smit B.V. The vessels, which will feature 7,999 dwt and have a cargo capacity of 9,500 m3, would replace some of the company’s older tonnage. Featuring a length of
Norwegian shipbuilder and ship designer Vard Holdings Limited (Vard), a subsidiary of Fincantieri, said that the contracts for the design and construction of two expedition cruise vessels for TUI Group’s German cruise company Hapag-Lloyd have been confirmed. The contracts were announced on August 26
Australian builder of high-speed craft catamarans Incat has been selected by the Malta-based ferry operator Virtu Ferries to design and build an 110-meter vehicle passenger (RoPax) ferry. Construction of the vessel will commence in early 2017, with delivery scheduled at the end of 2018. The new ferr
Two of China’s major shipping companies could merge 11 shipbuilding yards into a single entity, The Wall Street Journal cited sources close to the matter. Namely, China Ocean Shipping Co. (Cosco) and China Shipping Group Co. would reportedly reveal their plans of the merger by early next year. China
Finnish shipping company Meriaura has taken delivery of M/S Eeva VG, the first of two VG EcoCoaster general cargo vessels ordered from Dutch shipbuilder Royal Bodewes. The 5,000-ton vessel arrived for the first time in Finland on October 4, 2016. It was baptized in the port of Rauma on October 5, wh
The NGO Shipbreaking Platform has called on the European Commission, the European Parliament and Member States to support the introduction of a financial incentive that will enhance safe and environmentally sound ship recycling in line with the standard set by the European Ship Recycling Regulation.
Japanese shipping company Nippon Yusen Kaisha (NYK Line) took delivery of a new coal carrier, Noshiro Maru, from its compatriot shipbuilder Oshima Shipbuilding on September 30, 2016. The delivery and naming ceremony was held at the shipyard in Saikai, Nagasaki, on the same day. The 90,150 dwt Noshir
Antwerp-based tanker owner and operator Euronav NV has ordered two high specification Ice Class Suezmax vessels from Hyundai Heavy Industries shipyard in South Korea. The 158,600 dwt tankers were ordered for a price of USD 62 million each, according to data provided by VesselsValue. The contract has
Overall contracting of new vessels plunged in the three-month period from July to September to a mere 88 units, according to data provided by Clarkson Research. When compared to the same period in 2015, the orders dropped by some 81 percent from 481 vessel orders. Due to an oversupply in the shippin
Japanese Mitsui Engineering & Shipbuilding (MES) has completed and delivered the Supramax bulk carrier SBI Apollo to NYSE-listed dry bulk owner and operator Scorpio Bulkers. The 60,000 dwt vessel, ordered in December 2013, is the shipbuilder’s 16th Eco-Ship of neo60BC design. With a length of 200 me
South Korea’s shipping company Korea Line Corp has ordered two bulk carriers from an undisclosed shipbuilder for a price of USD 60.6 million, according to data provided by VesselsValue. The company is paying USD 30.3 million for each of the Supramax vessels, which feature 50,000 dwt. With 9,827 gros
Dry bulk shipping company Safe Bulkers has agreed to sell two newbuilding vessels to entities owned by Polys Hajioannou, the Chairman of the Board and the company’s Chief Executive Officer. The Japanese Panamax class vessel and the Kamsarmax class vessel, scheduled to be delivered in the first quart
