Mein Schiff 5, TUI Cruises’ newest cruise ship, was named on July 15 in the Bay of Lübeck, Travemünde, Germany. Built at Meyer Turku Oy shipyard in Finland, the 98,785 GRT ship was handed over to its owner on June 20 and arrived in Kiel three days later. Mein Schiff 5 features a length of 295.3 [&he
Boskalis Decides to Withdraw 24 Vessels Dutch dredging and maritime company Boskalis has decided to take 24 vessels out of service in the 2016-2018 period through their scrapping, sale and lay-up… Read More CSL Bulk Carrier Aground in St. Lawrence River Channel The 37,690 dwt bulk carrier Whitefish
Sweden’s tanker shipping company Stena Bulk has taken delivery of an MR tanker Stena Imagination from the Chinese shipyard Guangzhou Shipbuilding International (GSI). Jointly owned on a 50-50 basis by Stena Bulk and Indonesian Golden Agri Resources (GAR), the vessel is the seventh of a total of thir
Shipping company Navig8 Product Tankers, a joint venture between the Navig8 Group and DVB Bank, has taken delivery of a 74,000 DWT LR1 tanker Navig8 Pride, from South Korean shipbuilder SPP Shipbuilding Co., Ltd. The Navig8 Pride is the first of four vessels contracted at SPP to be delivered to the
The former Chief Financial Officer of the financially troubled Daewoo Shipbuilding & Marine Engineering (DSME) has been charged with taking part in the company’s accounting fraud worth KRW 5.4 trillion (USD 4.6 billion), according to Yonhap News Agency. Identified only by his surname Kim, the CFO wa
A group of workers of Samsung Heavy Industries (SHI), the South Korean shipbuilder, staged a sit-in protest in Seoul today over the company’s restructuring plans that include massive layoffs, Yonhap News Agency reports. The protest was organized after a majority of the company’s workers voted for a
Ramform Tethys marine seismic acquisition vessel has begun operations for Norway-based Petroleum Geo-Services ASA (PGS), following the installation of Ulstein COM, an information and communication system for marine applications. Ramform Tethys, which was launched in Nagasaki on March 17, is the thir
South Korean shipbuilder Samsung Heavy Industries (SHI) could see its self-rescue plan finalized as the company’s creditor state-run Korea Development Bank (KDB) is set to wrap up SHI’s plan during the week, Yonhap News Agency cited industry sources. Under the KRW 1.5 trillion (USD 1.3 billion) plan
European short-sea operator United European Car Carriers (UECC) launched the second of its two new pure car/truck carriers, TBN Auto Energy, at the Nantong Cosco KHI Ship Engineering (NACKS) shipyard in Nantong, China, on June 30. The new PCTC is a dual-fuel liquefied natural gas (LNG) vessel, featu
Monaco-based owner and operator of liquefied natural gas (LNG) carriers GasLog Ltd. has signed a time charter contract for a period of seven years with UK-based natural gas and energy supplier Total Gas & Power Chartering Limited (Total) to charter its only LNG newbuilding without a multi-year contr
Italian shipbuilder Fincantieri held a steel cutting ceremony of the bow section of Nieuw Statendam, the new cruise ship being built for US-based cruise company Holland America Line, part of Carnival Corporation, on July 8 at its shipyard in Palermo. Weighing about 3,900 tons, the section will be tr
Norwegian company Stream Tankers has placed an order for two 19,900 dwt chemical tankers at the Japanese shipbuilder Fukuoka Shipbuilding on July 5, according to data provided by VesselsValue. The vessels are scheduled for delivery in 2018 and 2019, respectively. Under the contract, the company has
Fincantieri, CSSC Tap Into China’s Growing Cruise Industry Italian shipbuilder Fincantieri and China’s shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) have signed an agreement for the constitution of a joint venture… Read More Vale Sells Three Valemaxes for USD 269 Mn Brazilian
Danish shipping company TORM has entered into a financing agreement for four LR2 newbuildings scheduled for delivery in 2017 and 2018. The financing agreement for the 114,000 dwt vessels is for an amount of up to USD 115 million. TORM concluded the deal, which runs for twelve years, with The Export-
