The first steel has been cut for the first of three BC Ferries’ new intermediate class ferries (ICF) at a ceremony hosted by the Remontowa Shipbuilding S.A. shipyard in Gdansk, Poland. Following an extensive competitive bid process, BC Ferries awarded the USD 165 million contract in July of 2014 to
China’s shipping and logistics giant Cosco has signed a USD 1.75 billion loan facility with The Export-Import Bank of China to fund 53 newbuildings. The loan will be used to finance newbuilding orders at Chinese shipyards, including a 90,000 dwt semi-submersible ship, 9,400 TEU container ships, 300,
DNV GL has taken the initiative to launch a Green Coastal Shipping programme in Norway, a joint effort by industry and authorities to ensure that in the future this country will have one of the world’s most environmentally friendly and efficient coastal shipping industries. In the future, LNG and ba
South Korean shipyard STX Offshore & Shipbuilding Co. Ltd. has handed over the LNG carrier SCF Melampus to Russian shipping company Sovcomflot. The ship is the third in a series of ultra-modern LNG carriers designed to perform regular, year-round shipments of liquefied natural gas. Two ships in the
The joint venture deal between Wärtsilä and shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) for the take-over of Wärtsilä’s 2-stroke engine business, which was announced in July 2014, has been finalized. The required government and merger control approvals having been received,
Tug Collides with Hoegh Osaka One of the two tugs attached to Hoegh Osaka moved from her position on Saturday afternoon and collided with the listing car carrier, UK Maritime and Coastguard Agency (MCA) informed.…Read more Libyan Army Bombs Second Tanker The Libyan National Army (LNA) has bombed ano
The image shows 19 224 TEU MSC Oscar, the world’s largest container ship. The behemoth container ship was built at Daewoo Shipbuilding & Marine Engineering shipyard (South Korea) for Mediterranean Shipping Company and was delivered to the client on January 8, 2015. MSC Oscar called at Slavyanka mari
San Sha No. 1, the first Ro-Pax ferry purposely designed and built in China for the Chinese market, entered service on January 1. San Sha was delivered to China’s southernmost city Sansha in Hainan Province to tackle the city’s lack of transportation capacity. The ship can carry wheeled cargo, conta
China Merchants Energy Shipping (CMES) has ordered construction of a 319,000 DWT Very Large Crude Carrier (VLCC) from Dalian Shipbuilding Industry (DSIC). According to a filing with Shanghai Stock Exchange, the vessel is slated for delivery in September 2017. The price of the order has not been disc
U.S. Senator John McCain has filed an amendment to repeal the Merchant Marine Act of 1920, also known as The Jones Act. The Jones Act requires that all goods shipped between waterborne ports of the United States be carried by vessels built in the United States and owned and operated by Americans. ”I
The Saudi Arabia Monetary Agency (SAMA), has bought a 7.26 percent stake in Hyundai Mipo Dockyard Co., the South Korean shipbuilder disclosed in a regulatory filing. According to the filing, SAMA purchased 1.45 million shares on the Seoul bourse from January 7 to January 12. The company’s shares cli
Knutsen NYK Offshore Tankers (KNOT) has through a subsidiary signed a deal for a long-term time charter to an international oil company of a new DP2 suezmax shuttle tanker. The vessel, expected for delivery in the first quarter of 2017, has been ordered at Cosco Zhoushan in China and will be a siste
P&O Maritime Services Pty Ltd has decided to pull back from the Australian Government’s procurement process for a new icebreaker. The company formally notified Australian Department of the Environment that it was withdrawing from the process in late December 2014. The reason behind the withdrawal re
Finnish shipping company Meriaura Group has entered into a contract with Dutch shipyard Royal Bodewes for construction of two 4700DWT VG EcoCoasterTM general cargo vessels. The contract for two newbuildings was signed in Turku in December and comes as Meriaura aims to regenerate its fleet with vesse
