Croatian tanker operator Tankerska Next Generation (TNG), part of Tankerska Plovidba, has used some of the cash raised from the recent IPO and bank debt to buy newbuild contracts for two 50,000 dwt eco-tankers at South Korea’s Hyundai Mipo Dockyard. The vessels are scheduled for delivery in April an
Demand for crude oil and oil product tankers is currently strong and both segments are enjoying an extended winter season with high earnings, according to BIMCO. Spot market earnings in January for VLCC and Suezmax reached USD 70,000 and USD 65,000 per day at the peak respectively. For the product t
Hong Kong-listed China Rongsheng Heavy Industries has entered into a memorandum of understanding with an undisclosed third party, also from China, to sell its onshore shipbuilding and offshore engineering business. The decision has been triggered by a depressed shipbuilding market that has incurred
Mainboard-listed JES International Holdings Limited has appointed a new CEO, Ms Audrey Jin, as Mr Jin Xin has stepped down as Chairman and CEO with effect from 16 March 2015 to concentrate on the operations of the business in China. Prior to the appointment of CEO, Ms Jin was the Deputy CEO of JES.
Scandlines ferry Prinsesse Benedikte was damaged while undocking last week at the Polish shipyard Remontowa, where it was undergoing scrubber installation. The ferry was about to be floated out after undergoing three weeks of installation work at the yard when the floating dock it was in keeled over
Intermediate People’s Court in Dalian has ordered STX (Dalian) Shipyard to enter bankruptcy liquidation on March 13, South Korea’s STX Corporation, the parent company of the bankrupt shipbuilder, said in a stock announcement. Unable to pay off its debts within due dates, STX (Dalian) Shipbuilding, C
The world’s largest containership MSC Oscar is soon going to be joined by her sister ship MSC Oliver in April 2015 followed by the rest of the family over the coming months. The vessel, the equivalent of four soccer fields when it comes to her size, featuring 395.4 m in length, is able to carry 35%
Aker Philadelphia Shipyard, Inc. (APSI) has delivered its second Aframax tanker to SeaRiver Maritime, Exxon Mobil Corporation’s U.S. marine affiliate. The 820 foot long, 115,000 deadweight ton tanker will transport up to 800,000 barrels of Alaskan North Slope crude oil from Prince William Sound, Ala
Japan’s Mitsui Engineering & Shipbuilding (MES) completed and delivered a 56,000 dwt bulk carrier MV Alam Makmur to a Liberian shipping company Lepta Shipping at its Chiba Works on March 16, 2015. This is the eighth ship in the shipbuilder’s ”neo56BC” eco-ship series. At little under 190 meters in l
GE has been selected to lead the Italian consortium that will power cruise company MSC Crociere’s planned ‘Seaside’ platform. The two new cruise ships ordered at Fincatieri in 2014 will join the existing fleet of 12 vessels, all of which use electrical propulsion from GE. GE will provide on-board te
HHIC Yeongdo Shipyard to build two LPG/ammonia carriers for Southeast Asian ship owner
The US project, breakbulk and heavy lift cargo transporter Intermarine has begun its Fleet of the Future deliveries with the addition and maiden voyage of the 20,000 dwt, 545-foot multi-purpose vessel Industrial Grand. The Industrial Grand features three cranes with a combined lifting capacity of up
Namibia’s ship repair industry serving the offshore sector is bracing for impact amid drop in oil prices that has significantly cut rig utilization in the region. Burgeoning West African offshore oil and gas industry has had a significant impact on Namibia, and specifically Walvis Bay. Between Afric
Norwegian company Viking Shiptech has developed a new patent pending shipping technology, which is expected to bring in considerable environmental benefits. The concept combines the delivery time speed of air transport and price range applicable for shipping. “The air transport has an 80 times highe
