In a fresh round of raids today, Brazilian prosecutors resumed their clampdown on possible suspects believed to be involved in bribery paid by oil giant Petrobras to shipbuilders Keppel FELS, the Brazil unit of Singapore’s oil rig builder Keppel Corporation and Sete Brasil. Namely, the prosecutors h
The firefighters managed to contain a fire aboard a 45,705 dwt product tanker Nuevo Pemex IV which started in the morning hours on Saturday while the vessel was being dismantled in a Veracruz shipyard in Mexico, according to the Talleres Navales del Golfo shipyard. The 1989-built vessel, which was b
Norway-based ballast water treatment (BWT) firm Optimarin has received a contract to provide its ballast systems for nine anchor handling tug supply (AHTS) vessels being built at China’s Sinopacific Shipbuilding Group. The vessels, designed by Sinopacific’s Shanghai Design Associates specialist OSV
In light of a slow oil and gas market, the Singapore-based shipbuilding company Otto Marine has decided to expand its portfolio and turn to other shipbuilding segments. Namely, the offshore shipbuilder has secured three newbuilding contracts for an oil tanker and two ferries, worth a total of USD 23
Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering (DSME) will not see any more cash injections from its creditors this year, according to the new head of the Korea Development Bank (KDB). “There will be no additional bailouts for Daewoo Shipbuilding this year, since it has already
The third Quantum class cruise ship, Ovation of the Seas, was floated out of the Meyer Werft’s covered building dock yesterday. Built for the US cruise operator Royal Caribbean Cruises, the 168,666-gross ton vessel was constructed in 18 months, and is expected to join the owner’s fleet in spring thi
Teekay LNG has secured a 10-year, USD 360 million long-term lease facility, which will be used to finance the company’s two MEGI LNG carrier newbuildings. During the fourth quarter of 2015, Teekay LNG’s first MEGI LNG carrier newbuilding completed sea trials with the second vessel scheduled to comme
The dismantling project of the ill-fated Concordia wreck and the related recycling operations are quickly progressing, according to the Ship Recycling Consortium, which expects the ship’s deck 0 to re-emerge soon. About 200 technicians are now working on the wreck and cutting decks – from 5 to 3 – w
Norwegian ship-owner Ocean Yield ASA has taken delivery of the LR2 product tanker Navig8 Symphony from South Korean shipbuilder Sungdong Shipyard. After being delivered from the shipyard today, the vessel commenced a 13 years “hell and high water” bareboat charter to Navig8 Product Tankers Inc. This
Norwegian dry bulk owner and operator Belships has decided to replace the vessel currently employed on a time charter contract with a Canadian potash exporter Canpotex. Namely, the company’s 2011-built 58,018 dwt Supramax bulker M/S Belocean will be substituted by the newbuilding 61,000 dwt Ultramax
Shenzhen-listed shipbuilder Jiangsu Sainty Marine Corp revealed that its restructuring has been approved by the Nanjing Intermediate People’s Court. The shipbuilder now has until April 17 to compose a restructuring plan. Jiangsu Sainty Marine added that it is contemplating to continue the shipyard’s
Canadian shipping company Teekay LNG Partners has decided to upgrade one of its standard LNG carriers into the company’s first floating storage unit (FSU). According to the vessel’s builder, South Korea-based Daewoo Shipbuilding & Marine Engineering (DSME), the deal for the carrier was signed in Feb
Image Courtesy: Meyer Werft Ovation of the Seas, the third ship of the Quantum class ordered by US cruise operator Royal Caribbean Cruises Ltd, is scheduled for float-out on February 18, 2016. The 168,666-gross ton cruise ship, which has been constructed in 18 months, will depart Meyer Werft’s cover
UK Arbitration Tribunal in London has ruled in favour of Canadian Algoma Central Corporation with regard to a contract dispute involving three shipbuilding contracts between Algoma and Chinese shipbuilder Nantong Mingde Heavy Industries Stock Co. Ltd. “We are extremely pleased that the Tribunal has
