Capital Product Partners L.P. has entered into a Master Vessel Acquisition Agreement with its sponsor Capital Maritime for three newbuild Daewoo 9,160 TEU eco-flex containerships at USD 81.5m for each vessel, and two newbuild Samsung eco medium range product tankers at USD 33.5m each. The three co
Swedish defence and security company Saab has acquired Thyssen Krupp Marine Systems AB shipyard (TKMS AB formerly Kockums). “We are now beginning the integration of Kockums with Saab, focusing on reaching full capacity and we are starting work immediately with the orders placed by Sweden as well a
Demand for newbuild containerships has dwindled during the month of June, as European traffic demand began to increase, heralding a changing course in the industry. The slowdown in growth of the orderbook, particularly amongst ultra-large vessels, marks a positive sign that improving demand could
Hong Kong-based East Sunrise Group revealed that it has ordered ten jack-up platforms from China Shipbuilding Industry Corporation (CSIC). The newbuilds, worth around USD 1.6 billion, are scheduled for delivery within 18 months from the start of construction. The first platform is expected to join
Scorpio Bulkers Inc., has received a commitment for a USD 540 million loan facility to finance the ongoing newbuild projects. The facility will be used to finance up to 55% of the contract price of six Ultramax, nine Kamsarmax, and nine Capesize vessels currently under construction for delivery in
Singapore based COSCO Corporation Limited has through its subsidiaries secured contracts valued at approximately USD 300 million to build one accommodation barge and seven bulk carriers. COSCO (Zhoushan) Shipyard Co., Ltd., has received orders from an unnamed European company to build one DP3 acco
Ocean Yield ASA, the Oslo-based shipowner, has placed orders for three LEGCs (Liquefied Ethylene Gas Carriers) of 36,000 cbm capacity, to be built at Sinopacific Offshore & Engineering, China. Each will be powered by a single MAN B&W ME-GI low-speed, dual-fuel engine. The engines will run on ethan
Cargotec has decided to reverse earlier plans to separately list its MacGregor business, as said in a press release on Friday. “Cargotec’s Board of Directors expects that shareholder value will be best created by fully focusing on the integration of newly acquired businesses into MacGregor and by
VIDEO: Float-On and Transport of Costa Concordia Onboard Dockwise Vanguard Following the successful parbuckling of Costa Concordia, and in anticipation of the pending refloat, Dockwise, a wholly-owned subsidiary of Royal Boskalis Westminster N.V., provides…Read more LPG Tanker Attacked by Pirates of
Evergreen Group has held the naming ceremony for Ever Loading, the sixth of its L-type vessels to be built by CSBC Corporation in Taiwan. The ceremony took place at CSBC’s Kaohsiung shipyard and was officiated by Mr. Bronson Hsieh, Evergreen Group’s Second Vice Chairman. The official rope-cutting
Mitsui O.S.K. Lines, Ltd. said today that the coal carrier Soma Maru, which will serve Tohoku Electric Power Co., Inc., was delivered at Mizushima Shipyard of Sanoyas Shipbuilding Corporation on July 17, 2014. The vessel, which was jointly developed by Sanoyas Shipyard and MOL, is a state-of-the-a
Stealthgas INC., a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, said yesterday that it has acquired four newbuilding LPG vessels as part of its fleet expansion program. The additions to the fleet consist of two 22,000 cbm se
South Korean Samsung Heavy Industries in their Korea Stock Exchange disclosure announced winning of a newbuilding contract for 6 gas carriers worth approximately USD 723.5 million. The new vessels have been commissioned by an Asian shipowner. Several news sites reported that gas carriers in questi
Russian Maritime Register of Shipping (RS) has implemented the Approval in Principle (AIP) service as part of a project to enhance the Rules for the Technical Supervision During Construction of Ships and Manufacture of Materials and Products for Ships, RS announced. Under this service, RS reviews
