Certain creditors of the South Korean shipbuilder STX Offshore & Shipbuilding Co. voiced their disapproval of a financial aid package to the troubled shipbuilder worth KRW 450 billion (USD 385 million), Yonhap news agency reports. As informed, Woori Bank and KEB Hana Bank, who hold 10 percent stake
Greece’s Angelicoussis Group of Companies has penned a deal with Qatar’s shipyard Nakilat-Keppel Offshore & Marine (N-KOM) on continuation of ship repair activities for the company’s fleet of over 110 vessels. Under the deal, N-KOM will continue to be the preferred shipyard to conduct repairs on the
Jacksonville-based Crowley Maritime Corp. took delivery of Texas, the second of four new, Jones Act, LNG-ready product tankers, from Philly Shipyard, Inc. (PSINC), the sole operating subsidiary of Philly Shipyard ASA. The 50,000 dwt, 330,000-barrel-capacity Texas joins sister ship Ohio, which was re
The United States Coast Guard (USCG) has declined the use of the most probable number (MPN) method for evaluating the biological efficacy of UV-based treatment technologies in ballast water, which could cause a delay in the first type approval of any ballast water management system to the summer of
South Korea’s shipbuilder Hyundai Heavy Industries has been chosen as the preferred bidder to build up to three liquefied natural gas (LNG) carriers for its compatriot gas and power company SK E&S. HHI said that it expects to sign the construction agreement for the 180,000 cubic meter vessels during
An unnamed Asian shipowner cancelled one and rescheduled another bulk carrier, both of which were previously ordered on July 22, 2014, from China’s Cosco Dalian Shipyard. The cancelled 82,000 dwt bulk carrier was originally scheduled for delivery in the first quarter of 2016. The second 82,000 dwt b
Greek gas carrier owner Paradise Gas Carriers has ordered two fully-pressurized gas carriers featuring 7,500 cbm in capacity. The order has been placed with Japanese shipbuilder Kyokuyo Shipyard, according to the company’s Chief Executive Constantine Tsakiris. The gas carriers are scheduled to be de
Japanese shipbuilder Tsuneishi Shipbuilding has received an order for up to eight Aframax tankers from its compatriot shipping companies. Namely, according to data provided by Asiasis, Tsuneishi has been hired by its Kambara Kisen, part of Tsuneishi Holdings Corporation to build up to four tankers.
A 51%-owned subsidiary of COSCO Corporation (Singapore), Cosco Shipyard Group Co., Ltd, is currently exploring expansion of its sources of funding and optimising its asset structure, the company’s parent said in a stock exchange filing. “The process is still at a very preliminary stage and there is
Hong Kong-listed Sinotrans Shipping Limited has closed the deal with Dynagas and CMES subsidiary, China LNG Shipping (Holdings) Limited (CLNG) to participate in the construction of five Arctic LNG carriers. Sinotrans said that it has entered into a series of agreements for the formation of five join
Russia’s Sovcomflot Group and Sberbank CIB have signed a 14-year USD 340 million credit facility agreement to finance the construction of three Arctic shuttle tankers for the Novy Port project, operated by Gazprom Neft. Novy Port is one of the largest oil and gas condensate deposits on the Yamal pen
Indian Cochin shipyard and French containment systems specialist Gaztransport & Technigaz (GTT) have signed an agreement that will enable the yard to construct India’s liquefied natural gas (LNG) carriers. In a deal signed on Monday, Cochin received a license by GTT for the construction of LNG carri
South Korean shipbuilder Hyundai Heavy Industries has signed a contract for the construction of another LPG carrier with its compatriot chemical shipping company KSS Line. The order for the 84,000 cbm carrier, signed today, has secured the company an orderbook of total of thirteen carriers to be con
Chinese state-owned shipping operator China Merchants Energy Shipping (CMES) has signed building contracts for further six of its planned ten very large crude carriers (VLCC). The vessels, which will feature 308,000 dwt, will be built by Dalian Shipbuilding Industry Group, a joint venture shipyard c
