Belgian dredging and marine engineering group DEME launched “the world’s most advanced” subsea cable installation and trenching vessel Living Stone at Spain’s LaNaval shipyard on September 18. The cable installation vessel is equipped with two turntables below deck, each having a 5,000 tons cable ca
BIMCO: Lowest Level of Newbuilding Contracts in 20 Years Shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years… Read More Hanjin Shipping Gets Cash In
Spanish oil and gas company Compañía Española de Petróleos (CEPSA) will supply liquefied natural gas (LNG) to ships through the first multi-product barge in Europe, to be built by its compatriot Flota Suardíaz. Cepsa will participate in the design and construction of the supply ship, which will be a
Reykjavik-based shipping company Eimskip has submitted an offer to build and operate the new Westman Islands car and passenger ferry. According to the public state tender, the new ferry should be delivered in mid-2018 and the company would then operate it until 2030. The total amount of Eimskip offe
The number of ‘active’ shipyards globally has more than halved since the start of 2009, falling to around 400 shipyards at the start of September 2016, with rapid growth in the total followed by steep decline all within the last decade, according to Clarkson Research. Global contracting surged by 78
Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, has entered into a sale and leaseback transaction for two 25,000 dwt stainless steel chemical tankers being built by Japan’s Kitanihon Shipbuilding. Under the agreement, which was entered into with subs
Denmark is taking the first steps towards rules on scrapping ships as the country prepares new regulations to accede to the Hong Kong Convention, which ensures that ships are scrapped and recycled appropriately, according to the country’s minister Esben Lunde Larsen. “Scrap ships must not pollute Th
Sweden’s tanker shipping company Stena Bulk has taken delivery of a 50,000 dwt tanker, the Stena Immortal, from Chinese shipyard Guangzhou Shipbuilding International (GSI). The vessel is jointly owned on a 50-50 basis by Stena Bulk and Indonesian Golden Agri Resources (GAR) and is the eight of a tot
In today’s spotted we bring you an image of MV Symphony Performer (Nb. 433), the first in a series of two long range supply vessels being built by Dutch shipbuilder Ferus Smit for its compatriot shipping company Symphony Shipping. According to Ferus Smit, the ship will be launched at its shipyard in
Shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years, according to BIMCO. After a decline from 2010 to 2012, shipbuilding had a rebound in 2013 and w
On September 12, 2016, Swedish tanker owner Terntank took delivery of M/T Ternfjord – the second in a series of four 15,000 dwt chemical tankers with a dual-fuel two-stroke engine being built by China’s Avic Dingheng Shipbuilding. M/T Ternfjord left the shipyard one day later to load cargo destined
Japanese shipbuilding company Mitsui Engineering & Shipbuilding (MES) has delivered a 60,432 dwt bulk carrier MV SBI Poseidon to SBI Poseidon Shipping Company, Marshall Islands. The SBI Poseidon represents the 14th ship in MES’ neo60BC series and the third eco-ship in the shipbuilder’s neo series. T
Norwegian shipping company Torvald Klaveness has revealed that three 80,500 dwt CABU combination carriers being built for the company by China-based Zheiang Ouhua Shipbuilding will be delivered soon, starting from this September. The naming ceremonies for the first two vessels, MV Balboa and MV Baff
Singapore-based shipping company Eastern Pacific Shipping has placed an order for two 115,000 dwt ECO Aframax tankers with the Philippines’ shipbuilder Hanjin Subic, according to data provided by VesselsValue. The contract, which will see the company pay USD 43 million for each ship, includes an opt
