Bermuda-based crude oil tanker owner and operator DHT Holdings has sold its 2001-built Suezmax DHT Target to an undisclosed buyer for a price of USD 22.5 million, the company said. DHT Holdings said that the move was made in support of its fleet renewal program, and that its final Suezmax vessel, wh
The Netherlands-based Damen Shipyards Group and its compatriot GustoMSC are joining forces in order to produce a range of self-propelled and non-self-propelled jack-up platforms for the offshore industries – the DG JACK range, the companies said at this year’s Offshore Technology Conference (OTC) in
South Korea’s top three shipbuilders, Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries, won zero newbuilding orders in April, opening up a possibility of significant restructuring measures, Yonhap News Agency reports. South Korean shipyards won only fiv
A recent debate on stabilizing the economy of Puerto Rico also triggered discussions of exempting the island trade from the Jones Act, which could “bring further investment in vessels built in U.S. shipyards to a standstill,” Crowley Maritime Corporation’s Michael Roberts, senior vice president and
Spanish state-owned shipbuilder Navantia started constructing the first of four Suezmax tankers for compatriot ship manager the Ibaizábal Group. The 156,000 ton ships will be built at Navantia’s yards in the Bay of Cadiz, while some parts are scheduled for construction at the company’s Ria de Ferrol
Damen Schelde, part of Damen Shipyards Group, has officially won a contract to design and build Australia’s new, AUD 529 million (USD 403 million) icebreaker. Australian company DMS Maritime Pty is to project manage the overall ship design and building process, and after that operate and maintain th
Japanese shipping company Mitsui O.S.K. Lines (MOL) took delivery of the liquefied natural gas (LNG) carrier Kumul at Hudong-Zhonghua Shipbuilding in Shanghai on April 29. The 290-meter long vessel, which was ordered by MOL subsidiary Gemini LNG Shipping Limited, is the last in a series of four newb
Dutch shipbuilder Ferus Smit launched Symphony Sun, the fourth of six multipurpose vessels being built for its compatriot shipping company Symphony Shipping BV, on April 29, in Leer, Germany. Symphony Sun features an Ecobox design and a large loading floor for project cargoes, including complete mov
Dutch shipbuilder Damen Shipyards Group has teamed up with the UK-based expedition consultancy Expedition Voyage Consultants (EVC) to develop a specialist small cruise ship with a capacity to carry around 100 passengers whose design will be unveiled in the fall this year. The move comes as a respons
Shell Scraps USD 4.6 Bn FLNG Order at Samsung Heavy South Korea’s shipbuilder Samsung Heavy Industries has received a contract termination for three floating liquefied natural gas (FLNG) units from oil and gas giant … Read More Drewry: Orphaned Carriers Will Have to Find New Partners The formation o
Korea-listed Samsung Heavy Industries (SHI) booked a net profit of KRW 15.9 billion (USD 13.9 million) in the first quarter of 2016, up by 45.9 per cent when compared to the KRW 10.9 billion from the corresponding quarter in 2015. Nevertheless, SHI’s operating profit dropped by 76.8% to KRW 6.1 bn a
The first of two service operation vessels being built for the offshore wind industry was launched yesterday at Norway-based Ulstein Verft shipyard. The vessel features a newly developed X-STERN hull line design. Built for German-based ship manager Bernhard Schulte Offshore, the ship will be working
Bangkok-listed dry cargo ship-owner Precious Shipping said it will cancel three shipbuilding contracts at China’s Sanfu Shipyard due to the expected delay in delivery. The announcement was made following several settlement agreements with the yard which had been hired to build eight ships for Precio
Miami-based Carnival Cruise Line took delivery of its newest and largest ship, the 133,500-ton Carnival Vista at a handover ceremony held at the Fincantieri’s Monfalcone shipyard in Italy on April 28. Capable of carrying 6,400 people, including the staff, the new cruise ship will reposition to Tries
