GESCO(Great Eastern Shipping Co., Ltd.) of India has ordered four 47,400 DWT Product Oil/Chemical Tankers from STX Shipbuilding. The vessels ordered have a length of 183m, a breadth of 32.2m, a depth of 19.1m with a service speed of 14.8 knots. The tankers are scheduled to be delivered by 2007. GESCO is an Indian government enterprise established in 1948, and this is its first dealing with STX Shipbuilding.
Cobelfret NV of Belgium has exercised two options for Flensburger’s ConRo 220 type. The new vessels measure 641 ft. The first vessel will be delivered in November 2010, and the second vessel in February 2011. Since 1998 FSG has acquired 38 contracts for RoRo Ferries.
According to reports, Samsung Heavy Industries Co., has received orders for 14 container ships worth $1.5 billion from three companies including Panama's Naviera Daniela SA and Greece's Danaos Shipping Co. Samsung Heavy will deliver the ships by November 2009, the said in a regulatory filing to the Korea stock exchange today. The orders today raise Samsung Heavy's total for the year to date to $6.9 billion, 90 percent of its 2006 target.
Imtech received orders from numerous ship owners and German shipyards for technological solutions on board several German yachts and cruise ships. These orders are worth a total of over $64. In the second half of 2005, Imtech has seen the maritime market segment for luxury yachts and cruise ships pick up in a number of European countries. Especially Germany has undergone a positive market development. Imtech a very strong player in this segment in Europe
Hyundai Mipo Dockyard gets order for four chemical tankers. Hyundai Mipo Dockyard said it had received an order worth $250 million to build four chemical tankers for Kuwait despite the world's shipbuilding industry downturn. Under the contract signed Tuesday in Kuwait, Hyundai Mipo -- a subsidiary of Hyundai Heavy Industries -- will deliver the four tankers to the state-run Kuwait Oil Tanker Company by August 2014
Mitsubishi Heavy Industries (MHI) gets orders to carry out repair & conversion of the liners 'Nippon Maru' & 'Fuji Maru'. MHI has received orders from Mitsui O.S.K. Passenger Line, Ltd. (MOPAS) and Nippon Charter Cruise, Ltd. (NCC) for repair and conversion work on the Nippon Maru and Fuji Maru, respectively. The work will be performed at MHI's Yokohama Dockyard & Machinery Works in Kanagawa Prefecture between mid-December and the end of January 2013.
FBM Babcock Marine has been awarded an order for six 86-ft. aircrew training vessels by SMIT International (Scotland) Ltd. The order follows the U.K. MOD award of a contract following competition under the Public Private Partnership Program to SMIT International for the provision of aircrew training and firing range safety services. The FBM Babcock Marine vessels will be used by SMIT International to train military aircrew in marine survival techniques and be delivered within 16 months
Vosta LMG has been awarded a contract for a cutter suction dredge CSD750 by International Seaport Dredging Ltd., a joint venture company of the Belgian dredging major Dredging International (member of the DEME group) and the Indian construction giant Larsen & Toubro. The dredge will be used for dredging projects throughout India due to the growing demand from the Indian market for dredging operations. The mono hull cutter suction dredge design and characteristics has been defined in
According to a report from Manila Bulletin Publishing, South Korea's four shipbuilders will meet executives of Brazil's Petroleo Brasileiro SA (Petrobras), in Seoul the week of April 20, in hopes of getting vessel orders worth more than $25b, the companies said. (Source: Manila Bulletin Publishing)
Daewoo Shipbuilding & Marine Engineering (DSME) has won the first battle in the war among the shipbuilders to obtain orders for vessels to participate in the Russian Arctic 'Yamal Project' by getting the world’s first order for an icebreaking LNG carrier, reports BusinessKorea. The South Korean shipbuilder informed BusinessKorea that it received the order worth US$367.4 million from Russia’s state-run shipper Sovcomflot, and will deliver the vessel by the end of June 2016.
Tanker Opinions, published Poten & Partners says that, for a shipowner, there are usually a few twists to the traditional capital budgeting process. A shipowner that is deciding whether to invest in new capacity has at least three other factors to consider: (1) his
A U.S. judge said on Friday he will grant Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. South Korea's Hanjin asked U.S. Bankruptcy Judge John Sherwood to issue an order that would prevent
A dramatic collapse in newbuild orders due to a weak market environment across all shipping sectors is putting pressure on the global shipbuilding industry, says Teekay Corporation. Just 7.2 million compensated gross tones (CGT) of new orders have been placed through the first
Shipyards have become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years, according to international shipping association Baltic and International Maritime
Xeneta, a global benchmarking and market intelligence platform for containerized ocean freight, believes that the UK’s decision to leave the European Union will impact negatively on all parties involved in the container shipping segment – from shippers
Business Korea reports that rumours are now rife in the container business world that Maersk could swoop on Hyundai Merchant Marine and subsume its activities into their own business. The report says that recent moves by Hyundai Merchant Marine to join the 2M alliance led by Maersk
Down the years, shipbuilders have always entered and exited the business as cycles have progressed, but over the past decade developments have been dramatic, says Clarksons Research. Back in 2007, 220 shipyards secured at least one order for a unit of 20,000 dwt or above in size
In December 2013, Alibra’s market report front page read: “When in shipping, do as the Greeks do.” At that time, Alibra was referring to the fact that 31% of the LNG carrier orderbook had been ordered by Greek owners.
CMA CGM NAF Lines is re-opening a regular service from Barcelona to Djen Djen on EURONAF service with immediate effect. First Departure: m/v VEGA OMICRON voy. 001OGS ETS Barcelona on July 15th, 2016, ETA Djen Djen on July 19th, 2016.
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received a 200 billion won (US$179.2 million) order to build two oil tankers for Singapore-based oil and gas transporter BW Group. According to Yonhap
Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially MRs, will decline due to the impact of falling clean petroleum products (CPP) freight rates
Japan and the Philippines have begun talks for the transfer of two large coast guard ships to Manila, to help patrol the disputed South China Sea, a Japanese foreign ministry official said on Friday, as part of a deal on defence equipment.
While the shipping industry struggles through a historic downturn, ship scrapping business is seeing accelerating demand, reports WSJ. The global economic slowdown is putting shipping through its most bruising period since the 2008 financial crisis.
Congressman French Hill (AR-2) joined Mayor Mark Stodola to celebrate the official announcement of the a $6.185M TIGER grant awarded by the US Department of Transportation to the Little Rock Port Authority. The funds will be used to support the Little Rock Port Authority Growth Initiative to
In a historically weak contracting environment the cruise sector has seen a strong level of newbuild ordering and investment in the year to date, says a research report by Clarkson. Cruise lines have continued to expand their fleets, with new markets such as China in their sights