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.
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
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.
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.
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
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
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.
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)
Maritime services group Global Navigation Solutions (GNS) has agreed terms with E.R. Schiffahrt, a Hamburg-based ship management company with activities in container and bulk segments, to supply Electronic Navigational Charts (ENCs) and the GNS navigation management software, Voyager.
As the downturn in the number of new vessel orders last year took hold, shipyards’ flexibility to switch sectors to take orders became a key factor in their ability to face up to an extremely challenging period, says Clarksons Research.
The Norwegian shipping company DSD Shipping (DSD) was sentenced to pay a total corporate penalty of $2.5 million as a result of its convictions in Mobile, Alabama, for obstructing justice, violating the Act to Prevent Pollution from Ships (APPS)
The global slump in the shipbuilding industry means that South Korea's ship yards have to look far and wide for new orders. Combined, the three major yards have only received one order in the first quarter of the year.
Weathernews Inc., a privately owned weather company, will provide weather routing services, port forecasts and other weather driven risk communication services to Maersk Line and Maersk Tankers, for safety and bunker saving purposes.
With 12 weeks of 2016 behind us, the dry bulk market is still looking bleak. As the current low demand for transportation of commodities continues, the market is doing what it can by scrapping old ships and restraining from ordering new ones.
Amphibious assault ship USS America (LHA 6) has returned to sea March 21 following a 10-month post-shakedown availability maintenance period during which the crew and contractors made improvements to the ship's design. USS America is now conducting sea trials off the coast of Southern
Lindsay Blee’s new U.S. office in Florida will serve North, Central and South America Independent international bunker broker Lindsay Blee announced that it is expanding its brokering operations into the Americas with a new operation called Lindsay Blee Americas (LBA) based in
Clarksons Research says that the dry bulk markets are in a tough place at the moment and owners have responded by selling more, and younger, vessels for demolition. But just how tough have they been so far, and how tough might they get?
All signs point to a continuation of struggling theme for containerized-ocean-freight industry into 2016 and beyond, warns a study by AlixPartners. The containerized-ocean-freight industry suffered in 2015. Its continuing financial woes accelerated because nearly all key
The volatility of the shipping markets has always presented opportunities and pitfalls for investors - an analysis from Clarksons Research. Getting the timing right is key, and newbuilding decisions can prove especially difficult given the need to look further forwards into the future
The City of Vancouver has issued a request for proposal for a company to build and install up to 300 shipping container-sized modular housing units to temporarily house the homeless, repots CBC News. Providing temporary living spaces in shipping containers or other portable housing
“We don’t usually remove the heads at mid-life on the Cummins engines,” Randy Beckler, Shore Engineer for Seaspan Marine, explained in reference to the 2003 launched Seaspan Venture’s third like-for-like repower.
Brent oil price reached lows of $27/bbl in mid-January, but has recovered over the past two weeks to above the $30/bbl mark. Nevertheless, volatility is expected to remain as the market is yet to find a new equilibrium, according to market analyst and consultant Douglas-Westwood (DW).
The Russia's top shipping company Sovcomflot initial public offering (IPO) is expected in Q3 2016, part from the privatization program by the government. An IPO for Sovcomflot could take place later this year. The current fleet of Sovcomflot numbers 142 vessels with total