The Sanna stands tall as it boasts its freshly painted hull following completion of maintenance and survey works at Dutch shipbuilder Damen. The bulker was refitted within a project that included four bulk carriers recently bought at auction by Dutch shipping company CN Bulkers. The vessels ranging
Gdansk-based shipyard Remontowa Ship Repair Yard received a contract to upgrade two Spirit-Class ferries to dual fuel so they can operate on LNG for Canadian ferry operator BC Ferries. Under the USD 140 million contract, beginning in the fall of 2017 and completing in the spring of 2019, the shipyar
Italian cruise ship builder Fincantieri has delivered today at its shipyard in Ancona the Viking Sea, the second of six cruise ships Viking Ocean Cruises has ordered from the yard. Viking Sea, as its sister ships, is placed in the small cruise ship segment as it features a gross tonnage of about 47,
Oslo-listed shipowner and dry bulk transporter Pioneer Marine has cancelled newbuilding contracts for five Green Dolphin 38,400 dwt Handysize bulkers following a mutual agreement with Chinese Yangzhou Guoyu Shipyard. The company opted for the move due to an “unprecedented downturn in drybulk freight
Shanghai-listed shipping company China Merchants Energy Shipping (CMES) has placed an order for ten VLOCs at three compatriot yards. Eight 400,000 dwt VLOCs will be built by Shanghai Waigaoqiao Shipbuilding (SWS) and Qingdao Beihai Shipbuilding Heavy Industry, four each for a total of USD 680m, wher
Being the most profitable shipping industry at the moment, tankers are expected to experience a further rise in the third and fourth quarters of 2016, however, according to IHS Maritime & Trade, the tanker industry could have already seen its peak. Namely, significant growth of the tanker fleet was
Japanese LPG company Astomos Energy held a naming ceremony for its newest very large gas carrier which will be able to sail through the expanded Panama Canal, according to Platts. The 47,300-ton ship, named VLGC Sumire Gas, was built by Kawasaki Heavy Industries. The ship will enter a time-charter u
The US Port of New Orleans is considering the purchase of an abandoned shipbuilding yard Avondale, the port confirmed, which might result in converting the yard into a terminal. The facility was put up for sale in August 2015, after US shipbuilder Huntington Ingalls Industries and Kinder Morgan aban
U.S. shipbuilder Philly Shipyard, formerly known as Aker Philadelphia Shipyard, reported a net income of USD 17.4 million, a slight increase from a net income of USD 13.6 million seen in 2014. During the year the company’s operating revenues reached USD 286.3 million, mainly due to continued progres
With 12 weeks of 2016 now over, the dry bulk market is still looking bleak, BIMCO says, seeing that the current low demand for transportation of commodities continues. The market is doing what it can by scrapping old ships and restraining from ordering new ones despite 12-year low newbuilding prices
South Korean shipbuilder Hyundai Heavy Industries (HHI) signed a joint project with US-based technology conglomerate General Electrics (GE) and international classification society Lloyd’s Register (LR) to develop gas turbine powered, electrically driven, 14,000 container ship design. Gas turbines a
The US-built fleet is considerably older than the global, non-US built fleet as a consequence of the Jones Act, which requires vessels travelling between US ports to be US built, owned, flagged and operated by a 75-percent American crew. The current US-built fleet has an average age of 33-years old ver
Cement carrier M.V. Ireland was launched at the Netherlands-based Ferus Smit Westerbroek Yard on 19 March. The photo shows the vessel hitting the water for the first time. The vessel is equipped with an LNG fuelled propulsion system and incorporates a pressurized LNG tank positioned in the foreship.
Denmark-based container shipping major Maersk Line A/S has selected Wärtsilä Nacos Platinum integrated navigation, automation, and propulsion control systems to be built in its 27 new containerships. The container vessels are under construction at yards in China and South Korea. With the contracts i
