China Shipping (Group) Company and Hyundai Heavy Industries co-held a new vessel naming and delivery ceremony in Ulsan, Korea on December 19, to celebrate the formal entry into operation of the second 19,100 TEU container ship, CSCL Pacific Ocean. After its delivery, CSCL Pacific Ocean will sail out
Japan’s Mitsui O.S.K. Lines has signed an agreement to manage six Very Large Ethane Carriers (VLEC) being built by Samsung Heavy Industries for the Indian conglomerate Reliance Industries. Once built, the VLECs will carry liquefied ethane from the United States to India. The vessels are expected to
Japan’s Mitsui OSK Lines (MOL) has placed an order for the third 165,000m3 LNG carrier labelled JMU 5073 with Japan Marine United. Mitsui has also concluded a basic agreement on joint ownership and 20-year charter contract for the newbuilding LNG carrier with Tokyo LNG Tanker Co., Ltd. The vessel is
Aker Philadelphia Shipyard held on December 23 a ceremonial keel laying for the second of four product tankers it is building for its joint venture with Crowley. Aker also started construction on the fourth product tanker in the same series. At the keel laying ceremony, coins were placed on one of t
Louisiana-based Conrad Shipyard has started construction of a new freight and passenger ferry for Martha’s Vineyard & Nantucket Steamship Authority (SSA), designed by Seattle-based Elliott Bay Design Group (EBDG). The new ferry, the Woods Hole, will replace the M/V Governor, the oldest vessel in the
Former chief operating officer at Louisiana- based Bollinger Shipyards Ben Bordelon has teamed up with the owners of the Edison Chouest Offshore to purchase the assets and stock of Bollinger, the largest vessel repair company in the Gulf of Mexico region with a total of 30 dry-docks in Louisiana and
German multinational conglomerate ThyssenKrupp and Seafort Advisors GmbH, a Hamburg-based private equity firm, have entered into an agreement on the sale of the Emder Werft und Dockbetriebe shipyard in Emden, Germany. ThyssenKrupp began looking into alternative strategic options for the company at t
Although 2014 has so far been full of shipping industry’s firsts as well as record-breaking feats, Mediterranean Shipping Company will make sure that we enter the new year with a bang by adding the world’s largest container vessel, a 19, 224 TEU MSC Oscar, to its fleet. This 395.4m long and 59 m wid
CMA CGM Group has taken delivery of the CMA CGM Tigris, the fourth in a series of 28 vessels from 9,400 TEUs to 10,900 TEUs which will have been delivered by the third quarter of 2016. The CMA CGM Tigris will be a chartered bareboat sailing under the Malta flag, and the result of collaboration betwe
Jiangzhou Union Shipbuilding, an indirect wholly-owned subsidiary of the China Ocean Shipbuilding Industry Group, entered on December 17 into a strategic cooperation agreement with Auerbach Schifffahrt and Xiamen ITG Shipbuilding to jointly develop and construct multi-purpose vessels in China. Accor
Belgian LNG and LPG carrier owner and operator Exmar NV has ordered the second Floating LNG Liquefaction Unit (FLNG) at Wison Offshore & Marine. Under the agreement Wison will be responsible for the turnkey engineering, procurement, construction, transportation, installation and commissioning (EPCIC
The U.S. President Barack Obama signed into law on December 19 the Howard Coble Coast Guard and Maritime Transportation Act of 2014. Earlier this month, this bipartisan legislation passed both U.S. Chambers of Congress by unanimous consent. The law reauthorizes funding for the United States Coast Gu
NYSE-listed Nordic American Tankers has signed preliminary contracts with an undisclosed South Korean shipyard for the construction of two Suezmax tankers. The contracts are now firm, bringing the NAT fleet to 24 suezmax crude oil tankers, being able to transport one million barrels of oil each. The
The first Swedish-flagged LNG powered passenger vessel,and the first LNG fuelled high speed RoPax ferry in the world, being built for Swedish operator Rederi AB Gotland, will feature a Wärtsilä integrated solution, including a complete LNG powered propulsion and fuel storage and supply system, as we
