Shipping company Navig8 Product Tankers Inc. has entered into a USD 130.3 million senior secured credit facility agreement for post-delivery financing for four 74,000 DWT LR1 product tankers. The loan, entered into with Citibank N.A., London Branch and Caixabank, S.A., is for vessels which were eith
Finland-based Meyer Turku shipyard started today the assembly of TUI Cruises ship Mein Schiff 6 with the laying of the first grandblock in the big building dock. “After many months of planning and pre-production we are starting a very exciting period in the building of Mein Schiff 6: It will now onl
One day after the Earth Day celebration all over the world, Californian shipbuilder General Dynamics NASSCO held a christening ceremony in San Diego for the Magnolia State, the second of five ECO Class 50,000 DWT LNG-conversion-ready product carriers with a 330,000 barrel cargo capacity being built
Swedish shipowner EKTANK AB has signed a construction contract with Chinese shipbuilder CSSC Chengxi Shipyard for four chemical tankers. The 18,600 tanker feature 154 meters in length and 23.7 meters in width, and are scheduled to start delivery in 2018, local media reports. The order is said to be
Japan’s Mitsubishi Heavy Industries, Ltd. (MHI) has booked additional extraordinary loss of JPY 50.8 billion (USD 457.1 million) in its cruise ship business for the fourth quarter of fiscal year 2015 due to the delay in delivery of German-based cruise line Aida Cruises’ two new cruise ships AIDAprim
A new hybrid ferry owned by the German-Danish ferry operator Scandlines left the Danish shipyard Fayard on 20 April to start its sea trials. The new ferry is to be named M/V Berlin at a ceremony scheduled for 3 May 2016. Once delivered, the ferry is scheduled to be deployed on the Rostock, Germany a
Singaporean shipbuilder Sembcorp Marine Ltd has launched an arbitration proceedings against various subsidiaries of Brazilian oil rig contractor Sete Brasil which had filed for a judicial recovery on April 20th, 2016. Sembcorp Marine said that the move is aimed at preserving interests under the tota
Norway’s shipbuilder Kleven Maritime has entered into an agreement with a compatriot cruise company Hurtigruten Cruises to build up to four new explorer vessels. Under the contract, the shipbuilder is scheduled to deliver two new vessels, designed for Arctic and Antarctic voyages, in the summer of 2
China’s Biggest LNG Carrier Hits the Water China’s biggest liquefied natural gas (LNG) carrier, which features a length of 290 meters, was launched at the Hudong-Zhonghua Shipbuilding, Shanghai, on April 15… Read More Update: The New Carrier Alliance Is Here Container shipping majors CMA CGM, COSCO
Geneva-based cruise line MSC Cruises and Italian shipbuilder Fincantieri hosted on Thursday a coin ceremony at Monfalcone, Italy’s shipyard of the first of two MSC Cruises next generation Seaside class of smart ships, the MSC Seaside. The MSC Seaside is set to come into service in December 2017 and
Restructuring efforts at South Korea-based shipbuilding giant Hyundai Heavy Industries (HHI) are to bring about a new wave of job cuts as the company battles to cut costs and boost its earnings. The shipbuilder’s self-help measures are to include slashing of 10 percent of its workforce, up to 3,000
Greece’s Aegean Shipping Management has placed an order for four Aframax tankers at Chinese shipbuilder COSCO (Zhoushan), according to Asiasis. The 113,000 dwt oil tankers are said to be slated for delivery in 2018. Details on the price of the ships were not disclosed, however the deal reportedly in
Lindanger, the first of two clean-burning, fuel-efficient vessels, equipped with the MAN B&W ME-LGI 2-stroke dual-fuel engines that can run on methanol, fuel oil, marine diesel oil, or gas oil was named and launched yesterday at Hyundai Mipo Dockyard in Ulsan, South Korea. Owned by Norwegian firm We
Norwegian company Wallenius Wilhelmsen Logistics (WWL) has added another Post-Panamax vessel – the Theben. This RoRo (HERO) class vessel joins its two sisters Thalatta and Thermopylae. However, this is not the last one, says WWF. More RoRos are to follow soon. WWL plans to launch eight RoRo vessels,
