Nine more shipbuilders have been added to China’s “White List” of shipyards that will enjoy financial support from the state in the forthcoming period, as informed by the country’s Ministry of Industry and Information on Wednesday. This is the second batch of shipyards that made it to the list of sh
BW Pacific has signed shipbuilding contracts with STX Offshore and Shipbuilding Co. Ltd. (STX) for four Long Range 1 (LR1) product tankers today, 11 December 2014. The agreement with STX includes options for additional vessels. The four firm newbuildings will be delivered in late 2016 and early 2017
Japan’s shipping company Kawasaki Kisen Kaisha, Ltd. (“K” Line) has signed a long-term time charter contract for a new 164,700m3 Moss type LNG carrier with domestic utility company Chubu Electric Power Co. “K” Line said that it has also executed a separate shipbuilding contract with Kawasaki Heavy I
AS Tallink Grupp and Meyer Turku Oy inked a Letter of Intent for the construction of an environmentally friendly car-passenger ferry. The ship will cost around 230 million euros and will be built at Turku shipyard, with expected delivery slated for the beginning of 2017. The project will provide app
Bollinger Shipyards has taken delivery of two dry-docks with a total lifting capacity of 12,000 tons. One of the docks, a 10,500 ton dry-dock will be located at the Bollinger Port Fourchon facility, and measures 320-ft. x 100-ft. between the wing walls. Bollinger now has three commercial dry-docks l
The global market value for offshore wind turbine and foundation installation vessels will increase more than fivefold, says research and consulting firm GlobalData. Namely, the market value is set to increase from an estimated USD 0.56 billion in 2014 to approximately USD 2.93 billion by 2020, repr
Nigeria LNG (NLNG) Limited is in talks with the bank representatives and other financial institutions promoting the potential for a new dockyard in the country. The proposal for the dockyard, to be located in Badagry, follows the conclusion of feasibility studies by Dutch consultancy Royal Haskoning
Offshore drilling contractor Noble Corporation said on Monday that it had reached a final settlement with the US Department of Justice (DOJ), concluding a two-year investigation into the company’s operations and systems aboard the drillship Noble Discoverer. The settlement agreement also covers cert
The United States Maritime Resource Center (USMRC) in Middletown, Rhode Island and Japan’s classification society ClassNK, have inked a Memorandum of Understanding (MOU) on joint research and development activities for the maritime industry. The initial joint project will focus on the development of
Shipbuilder Piriou handed over its 8th tuna purse seiner to seafood player Sapmer. Built by Piriou in Vietnam, “Morn Seselwa” features a 80 m tuna deep freezer of 1 520 m3 capacity. The vessel will operate in the Indian Ocean while based in the Seychelles. She is an evolution of the previous 90 m tu
The image shows Pacific Dawn cruise ship, owned and operated by P&O Cruises Australia, after a 10-day makeover in Sydney. The ship boasts a new colour scheme, which features a navy blue stripe along the ship’s side and the company’s ‘Like No Place on Earth’ strapline on the stern. The revamped Pacif
Dry bulk ship owner Diana Shipping Inc. has, through a separate wholly-owned subsidiary, inked a deal to acquire a new-building Capesize dry bulk vessel of approximately 180,000 dwt for a purchase price of USD 50 million. The vessel has been built by Qingdao Beihai Shipbuilding Heavy Industry Co., C
Nordic American Tankers Limited (NAT) has entered into a preliminary agreement with Korean yard Sungdong Shipbuilding & Marine Engineering Co., Ltd., to build two Suezmax tankers of 158,000 deadweight tons. The newbuilds are slated for delivery to NAT in the third quarter 2016 and the first quarter
German shipbuilder Meyer Werft floated out the first 120-meter megablock of the future Norwegian Escape cruise ship on 5th December 2014. The Norwegian Escape will be 324 meter long and 41.4 meter wide. Meyer Werft laid the keel of Norwegian Escape in September this year. Norwegian Escape will be No
