Fincantieri’s Norwegian subsidiary Vard Holdings Limited (VARD), specializing in the design and shipbuilding of offshore and specialized vessels, has signed a Letter of Intent with the French ship owner Ponant, a subsidiary of Artemis Group, for the construction of four small-sized luxury cruise ves
Taiwan-listed shipping company Wisdom Marine Group has added three newly-built bulk carriers to its fleet, two of 34,000 dwt and one of 84,000 dwt. The 34,000 dwt bulkers, named Daiwan Justice and Daiwan Kalon, were built by the Japanese shipbuilder Namura Shipbuilding. Featuring a weight of 21,500
Bermuda-headquartered crude oil tanker company, DHT Holdings, has taken delivery of a very large crude carrier (VLCC) newbuilding from South Korean shipbuilder Hyundai Heavy Industries. The 299,900 dwt vessel is named DHT Lion and is entering the spot market. It is the third of a series of six VLCC
Hong Kong-listed Sinotrans Shipping Limited has plunged further into the red as its annual net loss dropped to USD 81.5 million in 2015 from a net loss of USD 12.7 million seen a year earlier. Full year revenue from the company’s dry bulk, container shipping and other operations were at USD 999.7 mi
German cruise line AIDA Cruises took delivery of AIDAprima, its first newbuild of a new ship generation, from Mitsubishi Heavy Industries (MHI) in Nagasaki on March 14. AIDAprima, the 11th cruise ship in the AIDA fleet, left Nagasaki and is currently on its way to Hamburg, where it will be homeporte
Royal Caribbean’s two brand new cruise ships Harmony of the Seas and Ovation of the Seas are gearing up to take to the world’s oceans. Last week was a very busy period for the two newbuilds as they tested their mettle before final delivery. Ovation of the Seas left Meyer Werft shipyard in Germany on
VIDEO: Maersk Tankers to Use Drones to Slash Costs Maersk Tankers, part of Danish Maersk Group, has resorted to using drones to cut costs for deliveries at sea and has completed the first test drone delivery of urgent parc… Read More Interview: Investors Bearish as Appetite for Risk Drops With the s
Chinese shipping companies Cosco Group, China Merchants Group and ICBC Financial Leasing Co. are reported to have stacked up orders for 30 Valemax ore carriers worth a total of USD 2.5 billion, the Wall Street Journal writes. The trio is said to have ordered 10 ships respectively at local yards, nam
Well this is a sight we don’t see every day. In today’s spotted we present you the Shturman (Navigator) Albanov, the first of six Gazprom Neft’s Arch7-class tankers built to ensure year-round oil transportation from Novy port in Russia. The image shows the ship’s rudder before the tanker was launche
Cosco Corporation’s two subsidiaries from China, Cosco (Zhoushan) Shipyard and Cosco (Dalian) Shipyard, have delivered two vessel, an oil tanker and a salvage lifting vessel, to their undisclosed buyers. Cosco (Zhoushan) Shipyard has delivered an 111,000 dwt oil tanker ‘Font Lynx’ to an unnamed Euro
Royal Caribbean’s third Oasis-class cruise ship Harmony of the Seas will be put through its paces in the next three days as it is scheduled to depart STX France’s shipyard later today on its first sea trials. The vessel, currently under construction in Saint-Nazaire, will test its electric power pla
South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) plans to slash its workforce by 12,000 to 30,000 by 2019 within its cost cutting measures. “We are planning to reduce the number of employees to a similar level to 2009 and 2010 when management efficiency was the highest,” DS
Athens-based dry bulk specialist Paragon Shipping has decided to sell all of its six dry bulk vessels to unnamed third parties as it aims for a full and final settlement of the outstanding amount of the company’s debt. The vessels in question are the M/V Coral Seas, the M/V Golden Seas, the M/V Pros
With an aim to boost shipbuilding in the country and attract investment in its maritime industry, the Government of Panama has presented a new bill dedicated to the development of the mentioned industries, the Panama Maritime Authority (AMP) informs. The bill focuses on fulfilling the country’s need
