Cutting emissions in a world already experiencing climate change has been one of the key topics last year as world powers met in Paris to talk measures aimed at curbing global warming of more than 2°C. Even though shipping has been left out of the Paris Agreement, there is a mounting pressure on the
Newly-established product tanker company Navig8 Product Tankers Inc has taken delivery of an LR1 74,000 dwt product tanker, the Navig8 Expedite, from the South Korean shipbuilder STX Offshore & Shipbuilding Co, Ltd. The vessel will be entered into and operated in the LR8 commercial pool operated by
Cochin Shipyard’s unionized workers are protesting the proposed initial public offering (IPO) which would see Indian government relinquish its stake in the shipyard in order to raise funds for infrastructure expansion, The Hindu reports. According to the workers, if the government of India does not
South Korean shipbuilder Daewoo Shipbuilding and Maritime Engineering (DSME) has agreed with an undisclosed owner to delay delivery of two drillships. The agreement was made on the request of an unnamed American buyer. The duo was ordered in 2013 and was supposed to be delivered by the end of last y
Iran seems to be losing no time with the preparations for the post-sanction era which seems to be ever closer. Namely, the country is in talks with European counterparts Belgium, France and Germany on construction of liquefied natural gas (LNG) tankers, PressTV reports citing Managing Director of th
December was a pretty busy month for Teekay Corporation as keels for six LNG newbuildings were laid at Korean Daewoo Shipbuilding & Marine Engineering (DSME) shipyard. Five of these 173,400 cubic meter M-type, Electronically Controlled, Gas Injection (MEGI) engine LNG newbuildings are under time-cha
COSCO Shipyard Engineering Service (Dalian), a subsidiary of COSCO Shipyard Group, has entered into a deal to acquire the entire registered capital of COSCO (Xiamen) Shipyard. Pursuant to agreement, CSES will acquire a 51% interest in COSCO Xiamen from CSG and the remaining 49% interest from Xiamen
In today’s spotted we feature Berge Bulk’s newly delivered Berge Asahidake from Namura Shipyard in Japan, the company’s third newly built handy-size vessel. The 34,000 DWT vessel is named after Asahidake Mountain, which is, at 2,291m (7,516 ft) the tallest mountain in Hokkaidō, Japan, and an active
Wärtsilä is launching a complete concept for a series of shuttle ferries, featuring zero or low emissions. The concept has been developed in line with the Norwegian government’s new environmental regulations for ferries emphasising the elimination of harmful emissions. The concept has been developed
Tokyo-based Kawasaki Kisen Kaisha, Ltd. (K Line) took delivery of a coal carrier named Corona Utility at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on January 13, 2016. The 88,000 DWT-type special coal carrier belongs to K Line’s specialized fleet for transport of thermal coal known
British cruise line company Saga Cruises has signed a contract to build a 55,900gt cruise ship at German shipyard Meyer Werft, which includes an option for an additional cruise vessel. The cruise ship, the first newbuilding for Saga Cruises, is expected to be delivered in the summer of 2019, while t
A small fire broke out in the rear part of the newbuild AIDAprima cruise ship, owned by cruise line company AIDA Cruises, in the evening hours of January 11, the cruise liner has confirmed in a statement to World Maritime News. AIDA Cruises said that the fire on board the vessel, being built at Mits
Russian Maritime Register of Shipping (RS) has signed a classification agreement with South Korean shipbuilder Hyundai Heavy Industries to class a Floating Storage Regasification Unit (FSRU) being built for Gazprom Flot. According to Georgy Bedrik, Head of the RS Planning and Marketing Division, one
UAE provider of shipbuilding and shiprepair services Abu Dhabi Ship Building PJSC (ADSB) has penned a Memorandum of Understanding (MoU) with Drydocks World to establish an industrial entity to strengthen maritime projects in the UAE. Under the MoU, the two parties plan to enhance knowledge transfer
