Miami-based cruise company Norwegian Cruise Line (NCL) has struck a financing deal worth USD 498 million for the construction of a newly-ordered 754-passenger cruise vessel to be built by the Italian shipyard Fincantieri S.p.A. The financing has been secured with Crédit Agricole Corporate and Invest
Oslo-listed BW LPG Limited has signed a debt facility agreement worth USD 221 million for the financing of four of its Very Large Gas Carrier (VLGC) newbuildings. The financing has been raised from ING Bank, KFW IPEX-Bank GmbH, Oversea-Chinese Banking Corporation Limited (OCBC) and Standard Chartere
AIDAperla is the name of the second cruise ship being built for German-based cruise line AIDA Cruises in Japan. The video shows the ship under construction at Mitsubishi Heavy Industries shipyard in Nagasaki, with majority of the ship’s hull already recognizable. The newbuild will feature a length o
Owner and operator of mobile offshore drilling units Transocean Ltd. has reached an agreement with Sembcorp Marine’s subsidiary, Jurong Shipyard, to postpone the delivery of two drillships. Featuring the Jurong Espadon 3T design, the dynamically positioned ultra-deepwater drillships, which are being
Korean Register (KR), an IACS member classification society, has inked an agreement with the Directorate General of Shipping (DGS) to deliver services on behalf of the Indian flag administration. Under the deal, Korean Register is to carry out relevant vessel surveys and audits and issue certificate
Dubai-based shipping company Gulf Navigation Holding PJSC (GulfNav) is planning to add new tonnage to its fleet of product and chemical tankers and reinforce its shipping services business. The fleet growth plan was announced by the company at today’s press conference, with GulfNav setting sights on
South Korean shipbuilding major Hyundai Heavy Industries Co. (HHI) saw a 42.2 % fall in new orders for the first quarter of 2016 when compared to the order intake from the corresponding period from last year. The value of the new orders placed at the yard during January-March 2016 totaled in USD 1.7
In today’s spotted we present you Gudali Express, the seventh and last from the batch of livestock carriers built by COSCO for Dutch shipping company Vroon which was launched today at Chinese Cosco Guangdong Shipyard. The carrier features a length of 134.8 m and a breadth of 19.6 meters. Six newbuil
South Korean shipbuilding company Hyundai Mipo Dockyard has agreed to delay the delivery of a total of six pure car truck carriers (PCTCs), the shipbuilder confirmed in a Korea Stock Exchange filing. At the request of the owners of the new vessels, the first delay saw two in a series of four ships,
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. The vessel, named Pan Asia, will be deployed on a route from Queensland Curtis LNG terminal in Australia to China and will carry some 1
The UK’s Natural Environment Research Council (NERC) has closed its online poll to name the UK’s next world-class polar research ship that sprung one of the quirkiest names a vessel might be given, the Boaty McBoatface. The proposal has been given a major support from the social media and the name r
Containership scrapping is expected to intensify in 2016 as charter market demand for Panamax ships is bound to remain muted based on the recent forecast from Drewry. Drewry bases its argument on the rising demolition prices for scrapping which were kept pretty low throughout 2015. Hence, the amount
Belgian LNG and LPG carrier owner and operator Exmar has entered negotiations on a change to its existing financing deal with the Industrial and Commercial Bank of China (ICBC) for the Caribbean FLNG, a floating LNG liquefaction and storage unit. The change to the agreed USD 198.4 million financing
Shenzhen-listed shipbuilder Jiangsu Sainty Marine’s first round of auction for the sale of its assets did not attract any buyers after a 24-hour auction period ended yesterday morning. The assets of the financially-troubled shipbuilder are scheduled to be put up for a second auction on April 25 on C
