Ugland Shipping AS has signed a contract with Imabari Shipbuilding Co., Ltd., Japan, for the construction of two 63,000 dwt bulk carriers due for delivery in 2017. The new vessels will be the largest bulk carriers in the company’s fleet. Currently the J.J. Ugland Companies (JJUC) has six bulkers on
Dorian LPG Ltd., a liquefied petroleum gas shipping company, has advised that the delivery of its newbuild Hull No. 2657 (to be named Corsair) is expected to be on September 26, 2014, according to a notification by the vessels’ builder Hyundai Heavy Industries (HHI). The company expects to be taking
Nordic American Offshore Ltd. (NAO) has entered into firm agreements to purchase two newbuilding Platform Supply Vessels (PSVs) with essentially similar design and capabilities as its current fleet. The PSVs will be built on the Western coast of Norway by Aukra, part of Vard shipbuilding group. The
Doosan Engine has confirmed the delivery of the world’s first dual-fuel, low-speed ME-GI engine to the American National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego, USA. The new engine is capable of operation on LNG and/or bunker C oil and will power the first of two 3,100-TEU con
Nam Cheong Limited has sold two Accommodation Work Barges (AWB) worth approximately USD 84 million, with the option for another two vessels, to Bursa-listed Perdana Petroleum Berhad (Perdana). In July last year, Nam Cheong sold one AWB of a smaller size, to Perdana, an established offshore marine se
Construction of two supply vessels commissioned by the Russian oil company LUKOIL has started with a steel cutting ceremony held at the Keppel Nantong Shipyard Co. Ltd., China. The supply vessels will be 80.00 metres in length, with 16.50 metres of width, 6.20 metres of depth, a summer draft of 3.80
China Rejects P3 Network, Plan Abandoned The Ministry of Commerce (MOFCOM) of the People’s Republic of China denied support to the P3 Network, proposed by Mærsk A/S (Maersk Line) together with MSC Mediterranean Shipping Company S.A. and CMA CGM S.A. The MOFCOM’s decision follows a review under China
Low shipbuilding prices and the North American energy boom are leading ship operators and investors to finance billions of dollars into building crude tankers, according to IMDO’s Weekly Market review. New drilling and extraction technology enabling the shale oil and gas boom has triggered plans for
The steel has been cut for a 21,000-dwt MC Class module carrier, being built for the Dutch BigRoll Shipping at COSCO (Dalian) Shipyard. According to the shipbuilder, the project further expands the scope of COSCO Dalian’s shipbuilding products, and enhances its share in the domestic high-end and spe
PIRIOU has delivered a 53-meter Fast Supply and Intervention Vessel (FSIV) Kacey to Switzerland-based maritime company SUISSE OUTREMER AG. PIRIOU-designed FSIV Kacey is built in the company’s South East Asia shipyard located in Vietnam. This is the first of a series of three units ordered by SUISSE
Aker Philadelphia Shipyard, Inc. (APSI), the sole operating subsidiary of Aker Philadelphia Shipyard ASA (AKPS), has delivered the first of two aframax tankers to SeaRiver Maritime, Inc., Exxon Mobil Corporation’s U.S. marine affiliate. The 250-metre long, 115,000 dwt tanker will transport up to 800
Greece and China have signed multiple trade and investment agreements in areas including shipping and energy worth approximately $4.6 billion, according to the Greek Development Ministry. The signings took place within the framework of Chinese Prime Minister Li Keqiang’s official three-day visit to
First steel has been cut at the Damen Shipyard in Galati, Romania on the new $51 million ferry that will begin service in Fogo Island and Change Islands in September 2015. The new ferry will be an 80-metre ice-class vessel that has roll-on, roll-off capability and will accommodate up to 200 passenge
Today’s LNG carriers are amazing engineering feats. Not only is their cargo extremely dangerous because of its highly flammable properties but their dual/tri-fuel engines and reliquification plants (in some cases) make them among the most complex pieces of floating engineering marvels in the world.
