China’s shipbuilding industry seems to be recovering from a plunge it took since the beginning of the year, according to the data provided by the China Association of the National Shipbuilding Industry (CANSI). Chinese 87 major shipbuilders recorded a growth in turnover of 9.8% year-on-year (y-o-y)
Carnival Corporation cruise company has signed a memorandum of understanding (MOU) with the China State Shipbuilding Corporation (CSSC) to explore the possibility of a joint venture aimed at accelerating the development and growth of the Chinese cruise industry, with a focus on building the first-ev
French ferry operator Brittany Ferries has cancelled plans to convert several of its vessels to LNG, also binning the order placed at STX France shipyard for an LNG fueled ROpax ferry, deciding instead to install scrubbers on the three ships originally marked for conversion, the company said in a re
The European Commission has proposed to provide Finland with €1.4 million (USD 1.77m) from the European Globalisation Adjustment Fund (EGF) to help 565 former workers of the shipyards STX Finland Oy to find new jobs. The proposal now goes to the European Parliament and the EU’s Council of Ministers
Taiwan-based Franbo Lines has ordered three new 16,500-dwt bulkers through an agreement signed with Japanese shipping company Exeno Yamamizu, according to Asian media reports. Franbo Lines will order three bulkers at Honda Shipyard, Japan, chartering them to Exeno Yamamizu upon deliveries scheduled
South Korea’s shipbuilder Hyundai Heavy Industries fired 81 of its 262 executive level managers in a desperate attempt at restructuring after the company posted a dismal USD 1 billion deficit in 2Q 2014, The Korea Herald reports. HHI’s vice chairman Choi Kil-sun and the recently named CEO Kwon Oh-ga
With the construction of the Royal Navy’s River Class Batch 2 Offshore Patrol Vessels currently underway in Glasgow, this video shows you how the River Class OPVs have evolved into an enhanced design already in service with the Brazilian Navy and Royal Thai Navy with further modifications to meet th
Jurong Shipyard Pte Ltd., a wholly owned subsidiary of Singapore-based Sembcorp Marine, has secured a USD 696 million contract to convert a shuttle tanker into a floating production, storage and offloading (FPSO) vessel for OOGTK Libra GmbH & Co KG, a joint venture between Brazil’s Odebrecht Oil & G
Several tanker owners have recently placed orders for Suezmax tankers and market pundits have discussed the merits or, in some cases, the potential pitfalls of the renewed interest in this segment of the tanker market, says Poten & Partners in its latest Tanker Opinions. Poten claims that the last t
MAN Diesel & Turbo has received an order for four MAN B&W 5G70ME-GI engines in connection with Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) agreeing a deal with the BW Group to build two LNG carriers. The technical engine specification complies with IMO Tier II, with options to include
On October 13, Samsung Heavy Industries won an order amounting to USD 620 million for three LNG carriers from an unnamed Asian shipper. The LNG carriers will have a capacity of 174,000 m3, featuring dual-fuel engines for increased efficiency and reduced emissions, Samsung said. The carriers are sche
Samsung Heavy Industries has ordered Wärtsilä gas handling systems for a set of six new 87,000 cm3 capacity very large ethane carriers (VLECs), being built at the Samsung Heavy Industries yard in South Korea, with an option for additional vessels within this series. The deliveries of the gas handlin
Freight rates are likely to fall further as carriers stand firm in their reluctance to reduce capacity on the Asia-Europe and transpacific trades in the winter slack season, Alphaliner warned.…Read more Tanker Scrapes Bottom off Durban Eastern Pacific Shipping reported that an incident involving the
Chinese shipbuilder New Times Shipbuilding Co has received an order for two 208,000-dwt dry bulk carriers from the South Korean shipping company Dong-A Corporation. The shipbuilder hasn’t revealed the price of the vessels. The newbuilds would feature 300 metres in lenght and 24.9 metres in draught.
