Maersk Tankers, the tanker operating arm of the Danish shipping conglomerate Maersk, has ordered Wärtsilä’s Electro Chlorination (EC) Ballast Water Management System (BWMS) for three new 50,000 dwt medium range (MR) tankers being built at the Samsung Heavy Industries (Ningbo) yard in China. The orde
Owner and operator of liquefied natural gas carriers Teekay LNG Partners took delivery of the Oak Spirit, the second of nine LNG newbuilding vessels powered by M-type, Electronically Controlled, Gas Injection (MEGI) twin engines, on August 1, 2016. The Oak Spirit joined its sister vessel, the Creole
Mumbai-based Great Eastern Shipping Company Ltd. (G E Shipping) has taken delivery of a newbuilding resale Kamsarmax dry bulk carrier Jag Akshay. Featuring 82,044 dwt, the vessel was built by China’s Jiangsu New Yangzi Shipbuilding. The company had contracted to buy the ship in April 2016, G E Shipp
Bermuda-based tanker owner Nordic American Tankers Limited (NAT) has named two of its new Suezmax tankers, the Nordic Star and the Nordic Space, on August 24. Nordic Star is scheduled to begin operations in early September, while Nordic Space is still awaiting completion. The 162,000 dwt vessels, sc
South Korean shipowner SK Shipping has ordered engines for its new 180,000 m3 liquefied natural gas (LNG) carriers from Switzerland-based engine manufacturer Winterthur Gas & Diesel. The company will delivery two 5-cylinder X72DF engines for each of a pair of the LNG carriers, which were ordered in
Leading international classification society Bureau Veritas has classed the first LNG-fuelled newbuilding oil/chemical tanker, the 15,000 dwt Ternsund, built under BV class at China’s shipbuilder Avic Dingheng and delivered to Danish Terntank Rederi at the end of June 2016. The new vessel, which is
Due to the current environment surrounding the shipbuilding industry, the Japanese shipbuilder Mitsubishi Heavy Industries (MHI) said that it plans to launch discussions toward forming new alliances with three compatriot shipbuilders, namely, Imabari Shipbuilding, Oshima Shipbuilding and Namura Ship
Finland-based shipbuilder Meyer Turku has enlarged its investment package with a new steel storage and pre-treatment facility to EUR 75 million (USD 83.7 million), the company said. The move represents the shipbuilder’s third investment announced this year, previous being new gantry crane and buildi
As the shipping industry saw an abundance of vessels leading to overcapacity in the shipping industry, accompanied with depressed freight rates which signified a tough market, a number of shipowners opted to dispose of their vessels selling them for scrap. The second quarter of the year witnessed a
Singapore-based global marine and offshore engineering company Sembcorp Marine has completed the acquisition of the remaining 15% equity stake in its compatriot PPL Shipyard Pte Ltd (PPLS). Earlier in August, the company entered into a sale and purchase agreement with PPL Holdings Pte Ltd and E-Inte
Finland’s Wärtsilä and its compatriot gas company Gasum signed a joint cooperation agreement aimed at developing the use, distribution, and service solutions for natural gas in marine applications on August 29. The development work regarding liquefied natural gas (LNG) for marine applications will a
Greece-based shipping company Enterprises Shipping and Trading has placed an order for two 158,000 dwt tankers with South Korea’s shipbuilder Hyundai Heavy Industries, data published by VesselsValue shows. Although the price of the vessels was not disclosed, VesselsValue said that the market value o
Californian shipbuilder General Dynamics NASSCO christened and launched the 50,000 dwt Constitution, the sixth ship in a series of eight eco-friendly tankers being built at its San Diego-based shipyard, on August 27. The 610-foot-long Constitution is an LNG-conversion-ready product tanker with a 330
Alphaliner: Hapag-Lloyd Unveils UASC’s USD 4 Bn Debt Ahead of Hapag-Lloyd’s annual general meeting, the German company has revealed the financials of its merger partner Dubai-based UASC, which include the Arab carrier’s total financial debts of USD 4 billion as at the end of June 2016… Read More Bos
