Navig8 Product Tankers Inc has entered into an amended loan facility for USD 128.5 million with Credit Agricole Corporate and Investment Bank (CACIB) and BNP Paribas to provide additional financing for LR1 74,000 DWT product tankers being built at STX Offshore & Shipbuilding Co. Ltd. The initial USD
Norwegian shipbuilder and ship designer Vard Holdings Limited delivered the first vessel built by the company’s newest shipyard, Vard Promar in Brazil, on January 8, 2016. Featuring a capacity of 7,000 m3, the fully pressurized liquefied petroleum gas (LPG) carrier, named Barbosa Lima Sobrinho, is t
Shell Prelude floating liquefied natural gas (FLNG) platform, the world’s largest offshore facility ever constructed, will be towed over 3,000 nautical miles from Samsung Shipyard in Geoje, South Korea, where it is being built, to Australia, by Singapore-based offshore service contractor, POSH Teras
Otto Marine Shipyard Pte Ltd (Otto Shipyard), has entered into a Memorandum Of Understanding (MOU) with an unnamed port operator to explore the potential development of a fabrication and marine facility, the shipbuilder’s parent company Otto Marine said. The proposed development is located in Batam,
Oslo-listed shipowner and dry bulk transporter Pioneer Marine Inc has taken delivery of its second 38,419 dwt Green Dolphin eco-design handysize vessel, the MV Kite Bay, from Yangzhou Guoyu Shipbuilding. MV Kite Bay’s fuel consumption is about 6 tonnes per day lower than the non-eco design vessels,
U.S.-based tanker owner Gener8 Maritime has taken delivery of two newbuilt tankers from Asia shipbuilders. Namely, Chinese Shanghai Waigaoqiao Shipbuilding Co (SWS) has delivered Gener8 Supreme, featuring 300,960 in deadweight capacity and 347,783 cbm volume. South Korean Daewoo Shipbuilding and Mar
COSCO (Zhoushan) Shipyard Co., Ltd, a subsidiary of COSCO Shipyard Group Co., has delivered a 111,000 DWT tanker Front Ocelot, to an undisclosed European buyer. However, registry data indicate that the Marshal Islands-flagged vessel is owned by Front Aphhrodite Inc, a shipowning arm of Frontline, an
Dry bulk shipping company Diana Shipping Inc. has signed a term loan facility for up to USD 75.7 million with the Export-Import Bank of China. The purpose of this facility is to partially finance, after delivery, the acquisition cost of two new-building Newcastlemaxes of approximately 208,500 dwt ea
Oslo-listed chemical tanker owner and operator Navig8 Chemical Tankers has taken delivery of the eighteenth IMO2 Interline-coated 37,000 dwt chemical tanker from Hyundai Mipo Dockyard. The company said that the vessel will enter and start operations as part of the Navig8’s Delta8 Pool. The announcem
Newly-established product tanker company Navig8 Product Tankers Inc said that it has taken delivery of two newly constructed product tankers. One LR2 115,000dwt product tanker, named Navig8 Stability was delivered by Korean builder Sungdong Shipbuilding & Marine Engineering Co, Ltd. The second vesse
South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC) is seeking to restructure its debt with its creditors. HHIC said that it was experiencing liquidity shortage and has requested a voluntary agreement with its creditor Korea Development Bank (KDB) to approve a debt rescheduling
Singapore-based offshore services provider Vallianz Holdings Limited has signed an agreement to acquire two newbuilt vessels for a total consideration of USD 21.8 million. The anchor handling tug supply (AHTS) vessels, to be bought from an undisclosed seller, will be financed by internal resources o
Cruise shipping giant Carnival Corporation & plc said it will launch four new ships in 2016 across four of its global cruise brands. These additions are part of the 17 ships scheduled for delivery for Carnival Corporation’s 10 brands through 2020. “As we execute our fleet enhancement plan — which in
Euroseas Ltd., Greek owner and operator of drybulk and container carrier vessels, has pushed delivery schedules for its remaining three newbuildings. Delivery of its two Ultramax vessels is now expected to be in April and July 2016, respectively, a delay of five month each from the original schedule
