Around 30 shipyards signed an agreement on establishment of a Baltic region shipbuilding cluster on Friday, November 28th within the framework of a shipbuilding conference in Svetlogorsk, Maritime News of Russia reports. The signatories were predominantly from Russia, but included representatives fr
Japan’s Mitsui O.S.K. Lines, Ltd. (MOL) has concluded a basic agreement on joint ownership and 20-year charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker, and signed a contract with Japan Marine United Corporation (JMU) for the construction of the new vessel. This is the second ves
Finland’s Cabinet Committee on Economic Policy has outlined the future of the wholly state-owned company Arctia Shipping Ltd., saying that all of the company’s vessels must be replaced by 2029 for the total investment of EUR 1 billion (USD 1.25bn). The outline is based on a joint draft by the Prime
The video shows MSC Magnifica’s 17-day stay at Damen Shiprepair Rotterdam, during which time Damen replaced some 47 tonnes of steel, replaced the rudders, as well as cleaned and painted the vessel. Built in 2010, the MSC Magnifica is 293 m long and has a capacity for more than 2,500 passengers. She
Mexico’s state-controlled salt exporter Exportadora de Sal SA de CV (ESSA) has ordered a new ship-type from Chinese shipbuilder Nantong Rainbow. The newbuid is a shallow-draft 15,000 dwt ABS-classed vessel incorporating unique design features focusing on environmental-friendliness. The shallow draft
South Korean shipbuilding giant Hyundai Heavy Industries Co. saw its unionized workers stage a four-hour walkout from 1 p.m today, November 27th, for the first time in twenty years, Yonhap reports. The industrial action was triggered by a failure to reach a pay raise deal with the company’s manageme
Royal IHC (IHC) has launched Subsea 7’s 550t pipelaying vessel, Seven Rio, at its shipyard in Krimpen aan den IJssel, The Netherlands. The Seven Rio is the second of four vessels in total ordered specifically for operation in Brazilian waters. When delivered in 2016, the Seven Cruzeiro and Seven Sun
United Arab Shipping Company (UASC) has named the industry’s first ever LNG-ready ultra large container vessel in Ulsan, South Korea. MV Sajir is the first of seventeen vessels in UASC’s current newbuilding program. With a capacity of 15,000 TEU (A15), the DNV GL classed vessel is the largest and mo
After a 17-day drydocking the cruise ship MSC Magnifica left Damen Shiprepair Rotterdam for Hamburg on schedule to start her next cruise, Damen said in a release. Damen Shiprepair replaced some 47 tonnes of steel, replaced the rudders, cleaned and painted the vessel. Built in 2010, the MSC Magnifica
MSC Cruises has taken the first step towards doubling its fleet capacity with the relaunch of renewed MSC Armonia. This is the first MSC cruise ship to be enlarged and enhanced in partnership with Fincantieri under the Renaissance Programme. New features include more balcony cabins, more spacious co
Japan’s Mitsubishi Heavy Industries, Ltd. (MHI) has completed development of the “Sayaringo STaGE,” a next-generation liquefied natural gas (LNG) carrier. As explained by MHI, the Sayaringo STaGE was developed as a successor to the “Sayaendo1,” and is capable of passing through the newly expanding P
IMO’s Maritime Safety Committee approved, in principle, the draft International Code of Safety for Ships using Gases or other Low-flashpoint Fuels (IGF Code), and also approved proposed amendments to make the Code mandatory under Safety of Life at Sea (SOLAS), with plans to adopt both at the next MS
The International Chamber of Shipping (ICS) voiced concern in relation to China’s new ship recycling policy, saying that such incentives to artificially boost shipbuilding could have a negative impact on the global supply/demand balance restoration speed in shipping. China introduced a new policy wh
The steel for Sovcomflot’s icebreaking multipurpose supply vessel has been cut today, 26th of November 2014 at Vyborg Shipyard. The design, hull assembly, outfitting and commissioning of the vessel will be done by Arctech Helsinki Shipyard. The production start was attended by representatives from S
