South Korean shipbuilder Hyundai Mipo Dockyard (HMD) has won a new contract for the construction of two LPG carriers. The contract comes from Singapore-based Eastern Pacific Shipping and includes firm order for two LPG newbuilds with an option for two more. According to the shipbuilder, the contract
The first quarter of 2014 for France’s CMA CGM, the world’s third largest container shipping company, was marked by following seas, as the results were strong, in line with expectations. The shipping volumes were up 5.8% and the operating performance proved to be resilient (4.7% of revenues) thanks
Eco Marine Power (EMP) has unveiled details of its Aquarius Unmanned Surface Vessel (USV), announcing the beginning of works related to the construction of a prototype. The Aquarius USV is being developed as a cost-effective unmanned surface vessel (USV) and will incorporate a number of technologies
The German navigation system manufacturer Raytheon Anschütz, together with its exclusive Norwegian distributor Syberg AS, has been awarded a contract for the supply of an advanced Synapsis Integrated Navigation System (INS) to two new state-of-the-art windpark service vessels. The experienced Norweg
Singapore-based COSCO Corporation Limited said that four option contracts awarded by a local company to COSCO Shipyard Co. in Guandong for the construction of four platform supply vessels have been declared effective. The vessels are scheduled for delivery from the second quarter of 2016 to the firs
United Arab Shipping Company S.A.G. (UASC) has announced the conclusion of a bilateral, USD 190 million facility with Burgan Bank’s Corporate Banking Group to finance the acquisition of two 14,000 TEU vessels. The facility is a part of UASC’s new building order of seventeen ships, among which are el
TUI Cruises, has taken delivery of the Mein Schiff 3, the first out of two ordered from STX Finland Oy’s Turku Shipyard. Mein Schiff 3 is a sophisticated and highly innovative cruise ship, designed for the German premium-class cruise market. The environmentally friendly Mein Schiff 3 was floated out
EXMAR LPG (EXMAR and TEEKAY LNG PARTNERS Joint Venture) has announced the sale of the Very Large Gas Carrier FLANDERS TENACITY and the Midsize Gas Carrier EEKLO. Both vessels are expected to be delivered to their new owners during the course of June. The capital gain realised by EXMAR for its 50% sh
Eastern Shipbuilding Group Inc. (ESG) has announced an on-time delivery of the M/V Bravante VII to Boldini S.A., BRAVANTE GROUP of Brazil on May 21, 2014. The BRAVANTE VII is the third STX SV290 design of five vessels in a series which are all ABS Classed, AC Diesel-Electric powered, twin Z-drive pr
Kleven has signed a contract with Olympic Shipping for the building of an MT 6021 MKII design IMR vessel. The contract value is around NOK 450 million (USD 75.5m), and the vessel will be delivered from Kleven Verft in June 2015. The MT 6021 MKII is a further development of the MT 6021 design, based
Remontowa Shipbuilding S.A., member of Remontowa Holding, has won a new contract for the construction of an anchor handling, tug and supply (AHTS) vessel. The vessel will be built for Canadian – Norwegian joint venture, than she will be used for a charter to one of the largest oil companies in the w
Vard Holdings Limited (VARD) has announced that it has secured a new contract with Island Offshore for the construction of one offshore support vessel (OSV) of Rolls-Royce design. The value of the contract is in excess of USD 167 million. Delivery is scheduled from Vard Brevik in Norway in 2Q 2016.
Blohm + Voss, based in Hamburg, Germany, cannot complain about not having enough work: the docks of the shipyard, that mainly focuses on yachts, cruises and ferries, and offshore, but also naval shipbuilding, are well filled. The 133-metre long and 18-metre wide superyacht Al Mirqab is being refitte
Specialist professional indemnity insurance provider ITIC has issued a warning to shipping and transport intermediaries about a scam currently being perpetrated whereby pre-funded port costs are being diverted to a fake bank account. ITIC said that in each case the party due to make the payment has
