Brittle crack arrest steel plates with a thickness of 100mm used in ultra-large container vessels (ULCVs) must have a minimum required brittle crack arrest toughness value (Kca) of 8,000 N/mm3/2 or more at -10°C, according to data issued by Japanese classification society ClassNK. In order to clarif
South Korean shipbuilding major Hyundai Heavy Industries (HHI) has continued its earnings streak in the second quarter of 2016 following its return to the black in the previous quarter. Namely, according to a stock exchange filing, the shipbuilder’s net income for the period increased to KRW 392.3 b
South Asian ship recycling market has experienced increased activity on the sales front last week, which was accompanied by a rise in demolition prices, according to a report released by GMS, a cash buyer of ships for recycling in Bangladesh, India, Pakistan and China. GMS said that Bangladesh and I
The image above shows Gener8 Oceanus, a Very Large Crude Carrier (VLCC) being built for crude oil shipping company Gener8 Maritime, before its launching at the South Korean Hyundai Samho Heavy Industries’ (HSHI) shipyard last weekend. The 300,000 dwt Gener8 Oceanus is one of 21 ECO VLCCs featuring e
In today’s spotted we present you two newly build platform supply vessels (PSVs), VOS Princess and VOS Principle, that left Fujian Southeast Shipyard in China at the start of their maiden voyage earlier in July. The two vessels are part of a series of eight PSVs being built at the shipyard for Vroon
Crude oil shipping company Gener8 Maritime has sold its 2001-built Very Large Crude Carrier (VLCC) to the Taiwanese firm Winson Shipping, according to data provided by VesselsValue. The vessel in question is the 312,700 dwt GenMar Vision, which was built by South Korea’s shipbuilder Hyundai Heavy In
During the first half of 2016, some USD 28.4 billion worth of vessels have been delivered to their respective owners, while over USD 43.8 billion worth of ships is left on the orderbook to be delivered by year’s end, according to data provided by VesselsValue. So far this year, a grand total of 905
Greek ship manager Thenamaris has taken delivery of a 158,566 dwt Suezmax tanker, the Seavigour, from South Korean shipbuilder Hyundai Samho Heavy Industries. The Seavigour features a length of 274 meters, a width of 48 meters and a draft of 17.5 meters. The Malta-flagged tanker, which has a capacit
The Indonesian shipyard PT Batamec, a subsidiary of the Singapore-based offshore marine company Otto Marine Limited, started proceedings in the High Court of Singapore on July 23 against the chemical tanker Ratna Blessing, which led to the arrest of the 2008-built ship for unpaid ship repair related
South Korean shipbuilding major Hyundai Heavy Industries (HHI) added USD 4.1 billion worth of new orders to its orderbook in the first half of 2016, a 44.4% drop compared to the results for the same period a year earlier when the company recorded close to USD 7.4 billion worth of new orders. HHI’s s
Norwegian ship owner Ocean Yield ASA has taken delivery of Navig8 Topaz, a 49,000 dwt IMO chemical tanker, from South Korean shipbuilder STX. This is the sixth ship delivered in a series of eight chemical tankers to be chartered to Navig8 Chemical Tankers under a 15-year “hell and high water” barebo
Swiss-based container carrier Mediterranean Shipping Company (MSC) christened the latest in a series of twenty 19,224 TEU container ships, MSC Sveva, during a ceremony held at the Port of Le Havre, France, on July 20. The 199,272 dwt MSC SVEVA belongs to an Oscar-class of container ships which featu
Samsung Electronics intends to buy more shares of the financially struggling affiliate Samsung Heavy Industries (SHI), adding that the company will not abandon the shipbuilding business, The Korea Times reports. Samsung will take part in SHI’s rights issue as a sign of belief in a positive turnaroun
The Korean Register (KR) has completed a feasibility study for the conversion of an 8,600 TEU container ship into a 10,000 TEU vessel which showed that the method could potentially save time and money to ship owners and operators when compared to ordering a new boxship. This new capacity specificati
