The Ultra Large Container Vessels (ULCV) will take over shipping routes between Asia and Europe, as smaller containerships are no longer seen as competitive when it comes to unit costs, compared to behemoth Maersk Line Triple-E 18,000 TEU ULCV. Demand for these huge vessels is higher then ever. Ju
Sinopacific Shipbuilding Group (Sinopacific), has recently signed a contract with a Mexican shipping company, Naviera Petrolera Integral S.A. de C.V. for the construction of three SPP17A vessels. All vessels will be built in Sinopacific’s Zhejiang Shipyard and are expected to be delivered before the
Elliott Bay Design Group (EBDG), a naval architecture and marine engineering firm with offices in Seattle, New Orleans and Ketchikan, Alabama,USA, has been selected by the New York Department of Transportation (NYC DOT) to design a new class of ferries that will operate between the boroughs of State
Shipyards in China are pushing to secure around USD 10 billion worth of new LNG orders until 2020, in an effort to revive the country’s faltering shipbuilding sector. This latest incentive to form natural gas delivery vessel fleet of their own is aimed at bolstering China’s chances at challenging
Ships calling on shipyards for finishing touches is the equivalent of a day at a spa for us. Check out this time lapse video of a Damen-design fast crew ship supplier Allianz Juno receiving a royal treatment at the Damen shipyard in Sharjah, United Arab Emirates. Damen Shipyards Sharjah FZE, the new
The previously announced fleet expansion plans of TUI cruises are being turned into action with two more newbuilds now on order. The Mein Schiff fleet shall grow from current three to six ships and then 14,000 beds by 2017. The Mein Schiff 4 is currently being built and with the now decided new or
Wärtsilä has been selected as the partner for designing a new ferry as part of the ‘Midway Alignment of the Bothnian Corridor’ project. The scope of the design work will be both initial and basic design. The ferry is designed for sailing between Vaasa in Finland and Umeå in Sweden across the Gulf
Meyer Werft has joined forces with the STX Finland shipyard in Turku. After weeks of negotiations, the Finnish Government and Meyer Werft signed a share purchase agreement with the current owner STX Europe. With its 70% stake, Meyer Werft takes the industrial leadership of the new company. At pres
IHI Corporation (IHI), Atlântico Sul Shipyard (EAS) and Federal University of Pernambuco (UFPE) will join forces in building up their workforce in shipbuilding and offshore industry. Namely, the three parties signed a Memorandum of Understanding (MOU) while in Brasilia, Brasil, aimed at establishi
Grup Servici Petroliere (GSP), a Romania-based member of Upetrom Group, has decided to bolster its Platform Support Vessel (PSV) fleet by acquiring three new DPS-2 vessels. The PSVs are equipped with a DPS-2 positioning system and are built under ABS supervision, having class notation fire-fightin
Australian Maritime Unions Standing Their Ground The Maritime Union of Australia (MUA) and the Australian Maritime Officers Union (AMOU) have confirmed they will push ahead with a legal challenge to the Abbott Government’s …Read more Costa Concordia Changes Hands The notarial deed establishing the t
Turnover from shipyard operations increased 29.3% according to Cosco Corporation Limited’s, a Singapore-based ship repair and marine engineering and shipping group, 2nd quarter financial results for the 3 months ended June 30, 2014. The rise in figures is attributed to higher revenue contributions
The order intake at Sinopacific Shipbuilding Group is topnotch judging by the latest figures, i.e., nine offshore newbuilds. Sinopacific has recently signed a contract with Singaporean company Vallianz Holdings Limited for the construction of four SPA60 vessels, and with Shenzhen Huawei Offshore S
South Korea’s shipbuilding giant Hyundai Heavy Industries has been hit hard by the slowdown in the global shipping industry, posting a quarterly loss of 1.1 trillion Won (US$1.08 billion) in the second quarter of 2014. “While our business performance fell short of our ambitious targets, we had a n
