Ceremonial ship launching followed by breaking of a champagne bottle over the bow are believed to be a way of inviting good luck for the newbuild vessel. What is more, the launching ceremony marks the official transfer of the vessel to the water, a symbolic act symbolizing the union of the two in th
South Korea’s shipbuilder Hanjin Heavy Industries & Construction (HHIC) has signed a nearly USD 200 million contract to build two 180,000 DWT bulk carriers with an undisclosed European shipping company, and one PKX-B patrol vessel for the South Korea’s Navy. The 180,000 DWT bulk carriers will be 292
Japanese classification society ClassNK has granted Approval in Principle (AIP) to a new H2/CO2 FPSO (floating production, storage and offloading) design developed by Mitsubishi Heavy Industries (MHI) and Chiyoda Corporation. FPSOs are commonly used in the offshore oil and gas industry process and s
Consultancy and engineering firms Royal HaskoningDHV and Witteveen+Bos have been awarded the USD 18 million contract by energy company Eni to design a new shipyard in Kazakhstan, near the town of Kuryk on the Caspian Sea. The new shipyard will provide shipbuilding, repair and maintenance to support
General Dynamics NASSCO has cut the first steel for three 50,000 deadweight ton, 330,000 barrel cargo capacity product tankers for SEA-Vista LLC, a joint venture between SEACOR Holdings Inc. and Avista Capital Partners. Each LNG-conversion ready product tanker will be constructed at the NASSCO shipy
Container shipping line United Arab Shipping Company (UASC) revealed plans to make significant investment in new reefer units at WOP Dubai, the international perishables expo for the Middle East. UASC said that the expansion of its fleet of refrigerated units and enhanced geographic access to the So
South Korean shipbuilder Hyundai Mipo Dockyard said in a Korea exchange filing today that it has secured an order for construction of two LPG carriers. The order has been received from an unnamed shipowner from Oceania, according to the filing. The two carriers are slated for delivery by the end of
Shanghai-based Tai Chong Cheang Group (TCC Group) has launched a joint venture with Japan’s Kawasaki Kisen Kaisha, Ltd (K Line) by signing a Shareholders Agreement and a contract for the construction of a 182,200 mt Capesize newbuilding by Imabari Shipbuilding Co., Ltd. The joint venture named TK50
The Daewoo Shipbuilding and Marine Engineering (DSME) yard in South Korea has ordered a total of 54 Wärtsilä dual fuel engines to power 172,600 cbm icebreaking LNG carriers being built for use in arctic conditions to serve the Yamal LNG project in Northern Russia. The ships will be owned by one join
Dry bulk shipping company Scorpio Bulkers, Inc. has received a commitment from ABN AMRO Bank N.V. for a loan facility of up to USD 39.6 million. The facility was arranged by ABN AMRO Bank N.V., the Netherlands, with insurance cover to be provided from the China Export & Credit Insurance Corporation
Italian shipbuilding group Fincantieri plans to increase its presence in the Chinese market as the country eyes construction of its first cruise ship. China State Shipbuilding Corporation (CSSC) has already expressed interest in building the country’s first self-developed luxury cruise ship. However
Fred. Olsen Cruise Lines’ three ships Black Watch, Braemar and Balmoral are all due to enter dry dock at the Blohm+Voss shipyard in Hamburg, Germany in November and December 2014. The drydocking will prepare the vessels for the forthcoming 2015/16 cruise season. According to the Norwegian-owned crui
Greek tanker operator Tsakos Energy Navigation (TEN) has secured a long-term time charter with a national oil company for its new DP2 Suezmax shuttle tanker scheduled for delivery in the first quarter of 2017, with an option for a second vessel. As explained by TEN, shuttle tankers are a highly spec
The world’s largest cruise ship operator Carnival Corporation & plc said it would increase fleet capacity by nearly 10 percent from 2014 through 2016, fueled largely by the addition of four new ships across four brands in less than 18 months. This week, Carnival Corporation is christening two new sh
