Copenhagen-based ship owner Celsius Shipping has ordered four more chemical tankers from China’s shipbuilder Nantong Mingde Heavy Industry. The contract for four 24,600 DWT stainless steel tankers was signed on March 3rd, the company’s COO Niels Stig Christensen confirmed to World Maritime News. The
China’s heavily indebted shipbuilder China Rongsheng Heavy Industries has cancelled a warrant issue after the reported arrest of a key investor. Namely, Mr. Wang Ping , who wholly owns and controls the subscriber, has been detained by the Beijing police for investigation on matters which, the compan
South Korean shipbuilder Hanjin Heavy Industries and Construction (HHIC) has received an order for construction of two Liquefied Petroleum Gas (LPG) carriers. The contract is worth KRW 114.9 bln (USD 104.1 million), according to the shipbuilder’s filing to the Korea Stock Exchange. Hanjin did not di
China’s Jiangsu Eastern Heavy Industries shipyard (JEHI), a subsidiary of JES International Holdings, has filed an application for debt and liabilities restructuring at Taizhou Intermediate People’s Court. If the application is accepted, JES claims that ”no other creditors will be able to commence a
State-backed shipping giant China Merchants Energy Shipping (CMES) said it was going to scrap eight more of its elderly ships. CMES will send two Aframax oil tankers and six dry bulk carriers to scrapyard, all operated by its subsidiary Youhua Shipping. Names and age of the ships to be dismantled ha
The Indonesian government has assigned around USD 292.5 million to build new passenger and freight ships under the revised 2015 state budget. The investment will be directed toward construction of 15 cargo ships and 10 passenger ships, the Jakarta Post quoted the country’s Transportation Ministry of
Libra Group’s Lomar is boosting its containership fleet capacity with up to seven ships as it sets sight on tapping into the potential of strong container market. The company has reported an order for up to four newbuilding containerships from the Yangzijiang Shipyard in addition to purchasing of th
The Nasdaq-listed dry bulk shipping company Star Bulk Carriers has taken delivery of M/V Honey Badger and M/V Wolverine, two 61,000 dwt Ultramax bulk carriers built by China’s Nantong Cosco KHI-Ship Engineering (NACKS). The vessels are the first two out of four similar vessels ordered at NACKS. Foll
Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has placed an order for six 20, 000 TEU containerships. Four 20,000 TEU containerships will be built at Korea’s Samsung Heavy Industries, whereas the remaining two have been ordered from MOL’s compatriot shipbuilder Imabari Shipbuilding Co. M
Tokyo-based Astomos Energy Corporation has placed an order for a very large liquefied petroleum gas (LPG) carrier with Japanese shipbuilder Mitsubishi Heavy Industries, Ltd. (MHI) The LPG carrier on order is the fourth sister ship identical to vessel first ordered at MHI by Astomos Energy in 2013. T
The Italian shipbuilding group Fincantieri recorded EUR 55 million (USD 61.7m) net profit in 2014, a 35% drop compared to EUR 85m (USD 95.3m) the company made in 2013, despite an increase in shipbuilding orders. Fincantieri secured new orders totaling EUR 5.6 billion (USD 6.27bn), 13% more compared
China’s central government’s anti-corruption team has launched an investigation into the operation of China Shipbuilding Industry Corporation (CSIC). The probe, set to last for the next couple of months, forms part of a state-backed anti-corruption campaign that has swept through major companies in
The trend of ordering ultra large container ships seems to have picked up the pace recently as more and more lines look to expand their fleets with giant boxships. Drewry Maritime Research has investigated if the lines, many of whom are still in serious debt, will be able to both finance and pay bac
Tokyo-based classification society ClassNK has released its Common Structural Rules for Bulk Carriers and Oil Tankers (Rules for the Survey and Construction of Steel Ships Part CSR-B&T). These new technical rules were developed in response to the adoption of the Common Structural Rules for Bulk Carr
