Japan’s shipbuilder Kawasaki Heavy Industries is considering whether it should pull out of the shipbuilding industry as it revised its full-year profit forecast, according to Bloomberg. Namely, the company halved its forecasts as it now expects to see a net income of around JPY 16.5 billion (USD 162
Chinese Fujian Southeast Shipbuilding has received a contract to construct two 6,500 dwt small oil tankers for an undisclosed Malaysian shipowner. The order was placed with an option for two additional oil tankers. The new vessels feature a length of 109 meters and a width of 17 meters. The parties
NYSE-listed dry bulk owner and operator Scorpio Bulkers has reached agreements with shipyards to reduce the price to be paid under the shipbuilding contracts of four Kamsarmax vessels and two Ultramax vessels by an aggregate of USD 13 million. The bulk carriers in question were scheduled for deliver
Navig8 Chemical Tankers has cancelled contracts to construct five 49,000 dwt medium range tankers at South Korean STX Offshore & Shipbuilding. The five Interline-coated tankers, which were ordered in October and December of 2015, respectively, were scheduled for delivery during 2017. Navig8 Chemical
Norwegian ship-owner Ocean Yield ASA has taken delivery of Navig8 Tourmaline, a 49,000 dwt IMO II chemical tanker, from South Korean shipbuilder STX. After being delivered from the shipyard, the vessel commenced a 15-year “hell and high water” bareboat charter to Navig8 Chemical Tankers, entering th
Greek dry bulk ship owner Diana Shipping has signed two addenda to extend the delivery dates of the two Newcastlemax dry bulk carriers, Hull No. H2548 and Hull No. H2549. Under the deals, signed with China Shipbuilding Trading Company (CSTC) and Jiangnan Shipyard (Group), the delivery date of the Hu
Tokyo-based shipping firm Mitsui O.S.K. Lines, Ltd. (MOL) took delivery of the 50,000 dwt methanol carrier Manchac Sun from the Japanese shipbuilder Minaminippon Shipbuilding on September 28. Equipped with 2-stroke dual-fueled low-rev main engine capable of running on methanol, the eco-ship was orde
Japanese shipping company Mitsui O.S.K. Lines (MOL) has entered into an agreement for a JPY 100 billion (USD 988.6 million) loan as it is looking to expand into the liquefied natural gas (LNG) carrier and offshore businesses. MOL said it will use the hybrid loan, which has a maturity date of Septemb
Malaysia International Shipping Corporation (MISC Berhad) held the naming and delivery ceremony of its new liquefied natural gas (LNG) carrier Seri Camellia. Seri Camellia will now depart on its maiden voyage from South Korea to Bintulu, Malaysia. The 150,200 cbm carrier is the first in a series of
Norwegian ferry owner and operator Torghatten Nord AS has decided to convert two of its ferries from conventional to hybrid operation at its compatriot shipbuilder Havyard Ship Technology. The reconstruction and hybridization will be conducted on the company’s two 120 PBE shuttle ferries. Havyard Sh
The world’s first LNG-fueled Pure Car and Truck Carrier was delivered to Norway-based shipping firm United European Car Carriers (UECC), equally owned by NYK Line and Wallenius Lines, from Kawasaki Heavy Industries on September 29 at the NACKS shipyard in Nantong, China. To be named Auto Eco upon re
South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for two liquefied natural gas (LNG) carriers from Monaco-based owner and operator of liquefied natural gas (LNG) carriers GasLog, according to data provided by VesselsValue. The shipbuilder said that the two vessels were o
Malaysia International Shipping Corporation (MISC Berhad) held a sail away ceremony for the Marginal Marine Production Unit (MaMPU 1), which was converted from an oil tanker, at the MMHE East Yard in Pasir Gudang on September 29. MaMPU 1, a fit-for-purpose FPSO for the development of marginal fields
The image above shows Genting Dream, the first ship being built for Asian Dream Cruises line, equipped with an external lighting system by Finnish engineering company Wärtsilä. Built at German Meyer Werft shipyard, the 151,300 gross ton ship features a length of 335 meters and a width of 37.9 meters
