Rolls-Royce has been selected by the Alaska Department of Transportation and Public Facilities, via its Alaska Marine Highway System, and Vigor Industrial, to provide propulsion systems for its future Alaska Class ferries that will be built by Vigor Shipyards in Ketchikan, Alaska. The two Alaska Cla
Dubai government-owned conglomerate Dubai World has struck a new deal with creditors to extend and amend its outstanding USD 14.6 billion debt, Reuters reports citing company announcement. The deal envisages full early repayment of 2015 maturities of USD 2.92 billion in addition to extension of the
Aker Philadelphia Shipyard held a naming ceremony for the second of two tankers being constructed for SeaRiver Maritime, ExxonMobil’s U.S. marine affiliate. The 800-foot, 115,000 deadweight ton (dwt) tanker was formally christened and given the name Eagle Bay. The double hull Eagle Bay has capacity
Departure of Maersk Line’s 14th Triple-E vessel, the Munkebo Maersk, from Dalian, China, has marked the official start of Maersk Line’s new East-West Network as a result of 2M Alliance between MSC and Maersk. The Munkebo Maersk has been freshly delivered by Daiwoo Shipbuilding and Marine Engineering
Quantum Scorpio Box has exercised options at South Korean shipbuilder Samsung Heavy Industries (SHI) for construction of three additional 19,200 TEU containerships. The price tag for the three giant containerships amounts to USD 450 million, USD 150 million per each vessel. The order brings Scopio’s
NYSE-listed owner and operator of Very Large Gas Carriers (VLGC) Dorian LPG has received commitments for up to USD 761 million of debt financing for its VLGC newbuilding program. The financing has four separate tranches. USD 250 million of commercial debt financing is being provided by ABN AMRO; ING
Star Bulk Carriers Corp. has priced its underwritten public offering of 49,000,418 of its common shares at a price of USD 5.00 per share. The offering is expected to close on January 14, 2015, subject to customary conditions. The company intends to use the net proceeds from the offering for its newb
Some 100,000 TEU of new container ships scheduled for delivery in 2014 is estimated to have slipped into 2015. While this helped to narrow the gap between supply-demand last year it will only add to the supply pressure this year, according to Drewry Maritime Research. Drewry believes that further de
The Saga Cruises-owned Saga Sapphire left Damen Shiprepair Rotterdam on December 19, after receiving extensive repair and refurbishment works as well as a scheduled Class Survey. The most challenging item on Damen’s to-do list was replacing the 200-metre vessel’s two sewage plants. ”To get to the se
DSME Christens World’s Biggest Containership Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which with the nominal capacity of 19,224 TEU has claimed the title of the world’s biggest containership.…Read more VIDEO: Pieter Schelte Reaches Rotterdam The w
Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which with the nominal capacity of 19,224 TEU has claimed the title of the world’s biggest containership. The naming ceremony was held on Thursday, January 8th at DSME’s Okpo shipyard, Geoje in South Gyeong
Chinese shipbuilder Hudong Zhonghua Shipbuilding, a wholly-owned subsidiary of China State Shipbuilding Corporation, has named its first LNG carrier built for export. The 172,000 cbm LNG carrier was named Papua during a ceremony held in Shanghai on January 8th. Construction of the LNG carrier was jo
The following gallery shows the new DOC 8500 cable laying vessel recently delivered by Dutch shipbuilder Damen to international offshore contractor Van Oord. Named Nexus, the 126-metre vessel is intended for the installation of electricity cables for offshore wind farms. Van Oord is currently making
Dry bulk transportation company Star Bulk Carriers Corp. said it plans to make an underwritten public offering of its common stock aimed at financing its newbuilding program. Jefferies LLC and Morgan Stanley & Co. LLC will act as joint book-running managers for the offering, the company explained. S
