German cruise company Hapag-Lloyd Cruises, owned by TUI AG, has been confirmed as the owner of the two expedition cruise vessels ordered at Fincantieri’s subsidiary Vard Holdings Limited (Vard). The parties signed a Letter of Intent (LoI) with respect to the design and shipbuilding contracts in May
Norwegian company Klaveness Shipholding and its compatriot EGD Shipholding have reached an agreement to partner in two combination Panamax bulk carriers currently under construction in China. EGD Shipholding AS and a subsidiary of Klaveness Shipholding AS will own 50% each in the two 80,500 dwt vess
US-based shipping company Matson Navigation Company has signed a USD 511 million contract with shipbuilder General Dynamics NASSCO to build two new combination container and roll-on/roll-off (Con-Ro) vessels for its Hawaii fleet. The Kanaloa Class vessels are scheduled for delivery at the end of 201
Norwegian RoRo shipping company Höegh Autoliners has named its fifth Pure Car Truck Carrier (PCTC) in the New Horizon series, Höegh Traveller, at Xiamen Shipbuilding Industries in China. Höegh Traveller is the fifth in a series of six Post-Panamax vessels to be delivered to the company by the end of
Floating liquefied natural gas company Höegh LNG Holdings has signed agreements with Norway’s Wärtsila Oil and Gas and Moss Maritime for its first FSRU conversion project, including the ordering of equipment with long lead time. The company said that ordering the equipment in advance would reduce th
Dutch shipping company BG Freight Line, a fully owned subsidiary of Peel Ports Group, is to receive new tailor-made short sea container feeder vessels which would be deployed in the company’s Irish Sea Hub services. The four vessels, currently being built by China’s Zhoushan Changhong International
Greek tanker owner and operator Tsakos Energy Navigation (TEN) has taken delivery of the Panamax product tanker Sunray from South Korea’s shipbuilder Sungdong. Featuring 74,200 dwt, the vessel will immediately enter a long-term profit sharing contract with an oil major that could generate minimum gr
Norway’s shipbuilding company Kleven has inked a contract with DESS Aquaculture Shipping, a joint venture company established by Marine Harvest Norway and Deep Sea Supply, to construct a fish harvesting vessel with an option for a second one. The vessel is based on SALT 425 FHV design from Salt Ship
Singapore-incorporated shipping company Pacific International Lines (PIL) has inked two Memoranda of Understanding (MOU) with the port operator China Merchant Port Holdings (CMPort) and the engineering and trade company China Machinery Engineering Corporation (CMEC), as part of the One Belt One Road
US-based crude oil shipping company Gener8 Maritime took delivery of the newly built 300,973 dwt Very Large Crude Carrier (VLCC) Gener8 Chiotis from China’s Shanghai Waigaoqiao Shipbuilding (SWS) on August 18. The company acquired the contract for the Gener8 Chiotis along with thirteen other shipbui
Genting Dream, a new cruise ship being built for the Asian cruise operator Dream Cruises, left the Meyer Werft shipyard in Papenburg, Germany, on August 19. Following the float-out of the ship, the remaining work as well as trials and tests will be carried out in the next few days, with the ship bei
COSCO Shipping’s subsidiary Cosco Southern Asphalt Shipping has ordered four 7,500 dwt asphalt carriers from Chinese shipbuilder CSSC Chengxi Shipyard. The company said that the new ships would serve both short-range routes as well as the company’s long-range international routes. With these vessels
Sembcorp Marine Integrated Yard, a subsidiary of Singapore-based marine and offshore engineering group Sembcorp Marine, has entered into a sale and purchase agreement to acquire a 100% equity stake in Norwegian ship design and engineering company LMG Marin AS for USD 20 million. The consideration fo
Tokyo-headquartered shipbuilder Japan Marine United Corporation (JMU) has received orders for three Very Large Crude Carriers (VLCCs) from two buyers, according to data released by VesselsValue. Namely, Japanese shipping company JX Ocean placed an order for two VLCCs, while its compatriot shipowner
