Japanese shipping major Kawasaki Kisen Kaisha (K Line) expects its first LNG-powered vessel to be delivered this year as the company increases focus on utilizing LNG as fuel. The LNG-fuelled car carrier was launched at Tadotsu Shipyard, part of Imabari Shipbuilding Group, in July 2020, shortly after
Cruise operator Genting Hong Kong has terminated the agreement with SNC Endeavor Leasing for the sale and leaseback of the cruise ship vessel Crystal Endeavor being built by MV Werften Wismar GmbH. The consideration payable by SNC Endeavor Leasing, an investment company owned by Crédit Agricole grou
Cyprus-based bulker owner Castor Marine has won financing for two of its dry bulkers worth $15 million from an unnamed European financial institution. The company also received a notification letter from the Nasdaq Stock Market granting the company an additional 180-day extension, or until June 28,
Germany’s shipbuilder Flensburger Schiffbaugesellschaft (FSG) held a keel-laying ceremony today for a roll-on/roll-off (RoRo) vessel to be built for IVP Ship Invest.
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) revealed a contract termination for six containerships worth $711 million. The contract was won in December last year from an undisclosed owner from Africa. The containerships were scheduled for delivery by the end of October 2022. Accord
Two men were charged and appeared in court over the weekend as part of the ongoing investigation into the maritime security incident that took place on board the Nave Andromeda off the coast of the Isle of Wight on October 25. Specifically, seven stowaways reportedly hijacked the vessel in the Engli
Maersk Elbe, a Neopanamax containership that suffered engine failure off Portugal after a fire onboard on 26 December, is now being towed to the Port of Algeciras.
Chinese shipbuilder Yangzijiang Shipbuilding Group has won a contract to build two 24,000 TEU ultra large containerships, the world’s largest boxships and the largest containerships to be built by the yard. The ships, being built for an unnamed owner, will feature optimized hull designs, high-effici
U.S.-based ship owner and operator Eagle Bulk Shipping is moving forward with its fleet rejuvenation programme as it has acquired two high-specification SDARI-64 scrubber-fitted Ultramax bulk carriers.
U-Ming Marine Transport (Singapore), a fully-owned subsidiary of U-Ming Marine Transport Corporation, has held a christening ceremony at Qingdao Beihai Shipyard for M.V. Grand Wisdom, its second 325,000 dwt Very Large Ore Carrier (VLOC). The vessel is equipped with an advanced MAN B&W main engine, a
Wind turbine installation at the Moray East offshore wind farm is scheduled to start in the first days of the next year, around 5 January. The wind turbines will be installed by the Bold Tern jack-up vessel, with the commissioning work to be done from Acta Centaurus, supported by two crew transfer v
The recently approved amendments to MARPOL Annex VI to introduce requirements to the operational efficiency of ships, the Carbon Intensity Indicators, promise to introduce a completely new compliance regime in the sector. The introduction of carbon intensity targets to existing ships will be calcula
The black swan year of 2020 has brought many challenges for the shipping industry, including the ongoing crew change crisis, but it has also shown how the sector can be resilient in the face of adversity and pressure. Gavin Allwright, Secretary-General of the International Windship Association (IWSA
South Korean shipping company Pan Ocean is looking to expand its LNG shipping business with a new order.
