Ships of Danish liner giant Maersk Line will continue to slow steam despite predictions that lower oil and bunker prices will prompt liner companies to speed up. According to Maersk CEO, Nils S. Andersen there is not a lot of potential for speeding up taking into account the number of giant ships al
The Norwegian shipbuilder Ulstein Verft, part of Ulstein Group, today delivered the platform supply vessel Blue Queen to Blue Ship Invest. The PX121 design PSV is the first of two for which Norway-based Golden Energy offshore is awarded the ship management contract. Blue Queen is the ninth PSV of th
Shanghai-based dry bulk shipping firm Baosource Shipping has placed an order for construction of two small bulk carriers. The builder behind the orders is reported to be China’s shipbuilder Huahai Heavy Industry, according to Asiasis. The 100-meter long, 6,600 dwt ships are intended for operation on
Singapore-based gas carrier operator Epic Gas received the first of its six 11,000 cbm newbuilds on February 20, 2015. The Epic Sicily was built at Japan’s Sasaki Shipbuilding, and has immediately started a long-term bareboat charter at Kumiai Senpaku, Japan. Epic Gas currently owns and operates a f
The Singapore government has set forth measures aimed at strengthening the competitiveness of its maritime sector in its new state budget for 2015, released on Monday by the country’s Finance Ministry. The measures include extending and enhancing the Maritime Sector Incentive (MSI) thus offering a w
Swire Bulk Logistics, the industrial shipping division of the China Navigation Company (CNCo), has entered into a long term partnership with New Zealand’s Golden Bay Cement (GBC), a trading division of Fletcher Building Limited, to build, own and operate a self-discharging cement carrier. The 9,000
Royal Caribbean’s cruise ship Anthem of the Seas, under construction at German shipyard Meyer Verft, left the covered building dock of the shipyard on Saturday, February 21th, 2015. The 168.600-gt cruise ship Anthem of the Seas, one of the largest cruise ships in the world, left the building dock ar
The CMA CGM Group’s latest fleet addition, the 9,365-TEU CMA CGM Rhone, embarked on her maiden voyage from China on February 20th, 2015. CMA CGM Rhone, sailing under the Malta flag, is the 4th vessel of this class built at the Chinese construction site DSIC (Dalian, PRC). It is the 7th in a series o
The Chinese business model for the shipping industry has seen a slight diversification over the recent period as the country’s new premier backs private commercial initiatives. This is particularly evident as the gradual relaxation of state control in some areas paves way for Very Large Crude Carrie
Malaysia’s Petronas has sold five LNG carriers being built by Hyundai Heavy Industries to its shipping subsidiary MISC for USD 1.1 billion. According to the novation contract, Petronas LNG has agreed to charter the five 150,200 cbm newbuilds, expected to be delivered from September 2016 to December
The Singapore-based dry bulk carrier owner and operator Pioneer Marine has contracted Amarcon, a fully owned subsidiary of ABB, to install fuel monitoring systems on 12 Green Dolphin Handysize bulk carriers that will be built by YangZhou GuoYu Shipbuilding. ABB’s Ship Energy Efficiency Management Pl
Declining prices have made 2014 a very hectic year for the demolition market as less DWT and fewer TEUs were scrapped compared to previous years, according to the Baltic and International Maritime Council (BIMCO). Starting with containership market, initial estimates for 2014 were set relatively low
Italian shipbuilder Fincantieri handed over Britannia, the new flagship of the P&O Cruises fleet, brand of Carnival Group, at its Monfalcone shipyard on Sunday. Britannia will be the first P&O cruise ship with a new livery with blue funnels and a stylized 97 meters long Union Jack draped over the bo
Chairman of Damen Shipyards Group, Mr. Kommer Damen, received the award for Industry Leader of the year at the annual Offshore Support Journal Conference gala dinner held on 18 February, 2015, as selected by OSJ’s editorial team and the conference advisory panel. The award was made based on “his vis
