The hull of the first of two service operation vessels being built for the offshore wind industry arrived at Ulstein Verft shipyard, Ulsteinvik, in the morning hours of January 3. Under construction for German-based ship manager Bernhard Schulte Offshore, the first X-STERN hull made its journey from
Singapore-based dry bulk owner Berge Bulk has taken delivery of the second in a series of four 262,000 dwt bulkers Berge Makalu from Chinese builder Guangzhou Shipyard International (GSI). Scheduled to work for the Australian petroleum company BHP Billiton, Berge Makalu will carry 134,693 m3 of gros
Dry bulk shipping company Star Bulk Carriers Corp. has entered into agreements to sell four newbuilding Capesize vessels under construction in China to unaffiliated third parties, for an aggregate gross price of USD 148 million. The vessels are expected to be delivered to the buyers during the first
New York-listed tanker owner DHT Holdings, Inc. has taken delivery today of a VLCC newbuilding from South Korean shipbuilder Hyundai Heavy Industries. The vessel is named DHT Leopard and is entering the spot market. It is the second of a series of six VLCC newbuildings to be delivered to the company
South Korean shipbuilder Hyundai Heavy Industries (HHI) has set its order target at USD 19.5 billion in 2016, compared to last year’s target of almost USD 23 billion. The company experienced a bumpy year, as it was hit by significant losses following contract cancellation of a semi-submersible rig a
Singapore Technologies Marine Ltd (ST Marine), a marine arm of ST Engineering, has secured new orders worth about $344m for its shiprepair and engineering business groups in the fourth quarter of 2015. The company said that the contracts cover major upgrades, conversion, maintenance and repair of ve
Genting Hong Kong Limited said in a stock exchange filing that it has exercised the call option to buy the remaining 30% in German shipbuilder Lloyd Werft. The deal has been carried out for a total consideration of EUR 16.4 million and includes approximately 50% stake in Lloyd Investitions und Verwa
As we enter the new year, let’s take a moment to take a look at the most interesting articles selected by our readers. The following are the most read news in 2015, enjoy! VIDEO: Pieter Schelte Reaches Rotterdam The world’s largest vessel Pieter Schelte owned by Allseas has arrived in Rotterdam the
Hong Kong-listed Brightoil Shipping has decided to purchase ten bunker tankers from Shenzhen Brightoil Shipping for a total cash consideration of USD 84 million. The vessels will be built by Rizhao Kingda or such other qualified shipyards mutually agreed by the relevant parties, Brightoil said. The
Cruise shipping giant Carnival Corporation & plc has signed a memo of agreement with Italian shipbuilder Fincantieri S.p.A. to build four new cruise ships with final contracts expected to be executed in 2016. Two of the four new ships will be built for Costa Asia for deployment in China, and one wil
Monaco-registered bulker owner Scorpio Bulkers Inc. has entered into agreements with unaffiliated third parties to sell three Capesize dry bulk vessels and two newbuilding Capesize dry bulk vessels under construction. The total proceeds from the sale amount to approximately USD 167 million, Scorpio
Philly Shipyard, the sole operating subsidiary of Philly Shipyard ASA, has signed a commitment letter with Caterpillar Financial Services Corporation (Cat Financial) for a USD 150 million loan facility to finance the construction of four next generation 50,000 dwt product tankers. The facility will
Singapore-listed Triyards Holdings Limited has secured contracts to build two oil barges worth NTD 716 million (USD 21.82m) from a new client, CPC Corporation (CPC), a Taiwan state-owned oil and gas company responsible for supplying energy to its domestic market. The new contracts stipulate the cons
Russian shipbuilder Vyborg Shipyard PJSC, a corporate member of the United Shipbuilding Corporation, has delivered the newly-built icebreaker Murmansk, project 21900 М. The icebreaker was built by Vyborg Shipyard PJSC in collaboration with Arctech Helsinki Shipyard, by order of Federal Agency of Mar
