The American Maritime Partnership (AMP) has welcomed the decision of the United States Senate to approve the Keystone XL Pipeline legislation without an amendment to repeal the Jones Act proposed by the U.S. Senator John McCain, which AMP believes would have decimated the nation’s shipbuilding capac
Japan’s shipbuilder Imabari Shipbuilding, with the cooperation of Marubeni Corporation, has secured a newbuilding order for eleven 20,000 TEU Ultra-Large Container Carriers, the largest type container carriers in the world as of today. The vessels will have about 400 metres in length with about 59 m
Weaker ordering in the bulk carrier sector contributed to around half of the y-o-y decline in total contracting activity in 2014, according to London-based research firm Clarksons. Clarksons data shows that 677 bulkers have been ordered in 2014, cut by almost a half from very strong activity in 2013
South Korean shipbuilder Samsung Heavy Industries (SHI) saw its revenue plummet in 2014, reaching KRW 12.8 trillion, around KRW 2 trillion lower when compared to 2013 figures. The company’s operating profit plunged from KRW 914.2 billion in 2013 to KRW 183 billion in 2014, according to the company’s
Preparation of a repair plan for the car carrier Höegh Osaka is underway, according to the vessel’s owner Höegh Autoliners. The majority of the repair activities will relate to cleaning of compartments which have had water ingress and repair of smaller structural damages sustained due to movement of
Japan’s Mitsubishi Heavy Industries (MHI) has received an order for two next-generation LNG (liquefied natural gas) carriers from Mitsui & Co., Ltd. The vessels are scheduled for completion and delivery in 2018 and 2019, respectively. They are intended to service the Cameron LNG Project under way in
Taiwan’s Evergreen Group, the owner of the world’s fifth largest container shipping company Evergreen Line, has signed charter agreements for eleven 18,000 TEU container ships with Japan’s Shoei Kisen Kaisha, Thai news site Investor reports. The order includes six 18,000 TEU ships which Evergreen Ma
Malaysia-based investment holding company Yinson Holdings Berhad has through its wholly owned subsidiary Yinson Production (West Africa) bought the 1998-built, Very Large Crude Carrier Ulriken, to be converted into a Floating Production Storage and Offloading (FPSO) vessel for use offshore Ghana. YP
Hamburg-headquartered HSH Nordbank is ramping up the efforts to shed EUR 1.5 billion (USD 1.7bn) of bad shipping loans accumulated over a seven-year slump in the industry by finding shipping companies that would take over ships from defaulting debtors, German business and finance newspaper Handelsbl
Export-Import Bank of China has granted a USD 312 million loan to Shanghai Waigaoqiao Shipbuilding for the construction of three 18,000 TEU container ships. The bank also signed a USD 182 million financing agreement with Bangladesh Shipping Corporation for the construction of six newbuildings. Exim
The newbuilding order intake of South Korean shipbuilder Hyundai Heavy Industries (HHI) has taken a plunge as the shipbuilder recorded 27.5 pct dip in new orders in 2014 when compared to last year’s figures. The company’s orderbook ending with December 2014 amounted to USD 19.8 billion, around USD 8
The image shows KOTUG Offshore’s tugs tow FPSO ‘PetroJarl 1’ to Damen Shiprepair Schiedam located in the Port of Rotterdam, the Netherlands. The FPSO was assisted by the Rotortugs RT Magic, RT Spirit, RT Evolution and SD Salvor, KOTUG said. The FPSO reached Damen on Sunday, the 18th of January, 2015
Out of a total of 1026 ships dismantled globally in 2014, 641, representing 74% of the total gross tonnage (GT) scrapped, were sold to substandard facilities in India, Pakistan and Bangladesh where ships are dismantled directly on tidal beaches, the NGO Shipbreaking Platform’s demolition stats show.
VIDEO: Fincantieri Starts Building Seven Seas Explorer Italian shipbuilder Fincantieri has laid keel for the Seven Seas Explorer, the first super luxury cruise ship that the company is building for Regent Seven Seas Cruises, brand of the Prestige Cruise Holdings group.…Read more Four South Korean Ya
