South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has penned a business agreement on operation and technology instruction with the Iranian government for Iran Shipbuilding & Offshore Industries Complex Co. (ISOICO), Korean newspaper the Pulse informed. As reported, the agree
The PFLNG SATU, the world’s first floating liquefied natural gas (FLNG) vessel owned by Malaysian oil and gas company Petroliam Nasional Berhad (PETRONAS), embarked on its first voyage on May 14, marking the completion of its construction at Daewoo Shipbuilding and Marine Engineering’s (DSME) Okpo s
Ship construction rules for oil tankers and bulk carriers submitted by 12 classification societies comply with the goals and functional requirements set by the International Maritime Organization for new vessels, according to IMO’s Maritime Safety Committee (MSC). The MSC reviewed goal-based standar
The container shipping fleet could break through the 20 million TEU barrier shortly and, with an estimated net addition of 0.68 million TEU of capacity for the full year, the milestone could be reached in June, according to BIMCO. Over the last decade, the fleet size in TEU increased by 240% and rea
Interview: Kidnappings for Ransom Easy and Less Risky In 2016, piracy has yet again emerged as one of the key problems seafarers face during their voyages at sea. A particular concern is the ever growing number of kidnappings … Read More Third Alliance Members Revealed Global carriers Hanjin, Hapag-
Upgrading beaching yards in Alang, India is the wrong approach to solving the issue of substandard shipbreaking activities, says NGO Shipbreaking Platform’s Executive Director Patrizia Heidegger, responding to Maersk Line’s plans to send two of its containerships to the country’s Shree Ram yard for
In today’s spotted we bring you photos of freshly-delivered 11,000 cbm LPG carrier, named Epic Shikoku. The ship was handed over today by Japan’s Kyokuyo Shipyard to owner and operator of pressurized gas carriers Epic Gas. Epic Shikoku is the third vessel in the company’s series of eight newbuilds.
Fincantieri’s subsidiary Vard Holdings Limited (Vard) has signed a letter of intent with an undisclosed international cruise company for the design and construction of two small-sized cruise vessels. The hulls will be built by Vard’s shipyard in Tulcea, Romania, while the delivery of the units is sc
Two container vessels, the Maersk Wyoming and the Maersk Georgia, are expected to arrive in India’s Shree Ram yard in Alang for recycling in late May 2016, the Danish giant Maersk Line said. The company added that it reached a deal for the landing of the first two vessels at the yard, which is certi
South Korean Hyundai Heavy Industries (HHI) has joined its compatriot companies today by submitting a self-rescue plan to creditors, Yonhap news agency reports. The restructuring plan reportedly includes further job cuts and asset sales worth up to USD 1 billion. Previously, reports emerged that the
Beaching of end-of-life vessels in Alang has stirred serious concerns from Indian NGOs following a visit to the city’s shipbreaking yards by government representatives from France, Germany and Belgium, as well as the European Commission, in late April. Indian NGOs are concerned about the negative en
Italian shipbuilding major Fincantieri has marked a turning point in the first quarter of 2016, returning to the black from losses that were pressuring the shipbuilder’s results from the second half of 2015. Profit before extraordinary and non-recurring income and expenses was EUR 5 million (USD 5.7
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has developed its own LNG containment system called DSME Cargo Containment System 16 (DSC16), the company said. The new system characterized by the use of wooden materials aims at minimizing gas losses caused by evaporation dur
Norwegian shipbuilder and ship designer Vard Holdings Limited (VARD) has secured a USD 300 million contract for the design and construction of 15 Module Carrier Vessels for Dubai-based offshore support vessel company Topaz Energy and Marine (Topaz). Designed to carry high deck loads of up to 1800 to
