Celebrity Cruises has exercised its option to order a second 118,000 gross-registered-ton ship. German shipbuilder Meyer Werft will build the new tonnage, with delivery of the first ship planned for Fall 2008 and the second ship in Summer 2009. Celebrity also announced names of both new ships. The first new ship will be called Celebrity Solstice, and the second ship will be named Celebrity Equinox. The new series of ships will be known as the Solstice class. Terms for the second Solstice-class vessel are substantially the same as those of the first ship.
Euronav has entered into an agreement for the acquisition through resale of four VLCCs which are completing construction at Hyundai Heavy Industries for an aggregate purchase price of $384 million or $96 million per unit. The vessels are due to be delivered as early as September 2015, January, March and May 2016. In addition and against the payment of an option fee of an aggregate amount of $8 million, the seller has also agreed to grant Euronav an option to acquire up to a further four VLCCs
In its latest shipping sector report DNB Bank, focuses on how ship speed optimization has changed fundamental supply/demand balances. The DNB Bank report expounds: Speed optimisation has completely changed the fundamental supply/demand balances. Over the past year we have pointed out how high bunker prices and speed optimisation have completely changed the fundamental supply/demand balances in the shipping industry
Norwegian Cruise Line (NCL) orders new cruise liner from Germany's Meyer Werft with option for a second. The ship's contract price is approximately euro 700 million and the company has export credit financing in place which was arranged and underwritten by KfW IPEX-Bank GmbH of Germany. Delivery is scheduled for delivery in October 2015, and the delivery for the second (optional) ship would be spring 2017. The new ship, at 163,000 gross tons and approximately 4,200 passenger berths
Caterpillar Marine is pleased to announce the launch of Cat 3500 marine diesel engine gasket kits for engine overhauls. Cat gaskets are a critical part within Cat diesel engines and are specifically engineered with specialized materials to reduce leaks and keep fluid within the engine. Recognizing varied customers’ needs for their particular application, the kits are arranged by serial number to provide customers with a simplified and expedited ordering process
Maersk Line CEO Soren Skou said ships with capacities of 25,000 twenty-foot-equivalent units are possible but not practical today, and that he expects 18,000-19,000-TEU container ships to remain the largest afloat for years to come, according to a report in JOC. Skou believes there are no design barriers that would prevent construction of a 25,000 TEU ship. However, he said: “Unless the market really starts to grow very very fast, I don’t think you're going to see 25
Royal Caribbean Cruises Ltd., along with Finnish shipbuilder Kvaerner Masa-Yards, has developed a design for a new and even more spectacular ship, the "Ultra-Voyager," and that both parties have signed an agreement that could lead to a firm order. The conditional agreement anticipates one newbuilding, deliverable in 2006, and one option, for delivery in 2007 or 2008. The agreement anticipates that the cruise line and the yard could enter into construction contracts for Ultra-Voyager
Kirby Marine has 241 active towboats and 887 active tank barges with a total capacity of 16.4 million barrels. The company’s ongoing repower program that has seen 46 Cummins engines installed to date. More recently the publicly traded corporation has announced plans for two new builds the first of which will be delivered in September 2006. The 90x35x10-foot vessel will be built by Quality Marine of Houma Louisiana to a design by Maine-based naval architect Corning Townsend
Maersk Tankers plan to spend up to $35m as it pushes ahead with a fuel saving retrofit programme. One of the company's "I-class" VLCCs is being fitted with fuel saving devices, iincluding Becker Mewis propeller ducts and propeller boss cap fins on a range of owned tankers. The programme includes screening and retrofitting around 70 tankers over the next two to three years, reports Carbon Positive. The company's drive to raise fuel efficiency will focus on as many as 35 separate
ESL Shipping Ltd and the steel company SSAB have signed a long-term frame agreement covering SSAB’s inbound raw material sea transports within the Baltic Sea and from the North Sea. The purpose of the agreement is to enable mutual, long-term gains in efficiency and to reduce overall logistics costs, while simultaneously making raw material logistics as sustainable and environmentally friendly as possible
Saga Cruises has placed an order for a new cruise ship to be built by Meyer Werft in Germany with the delivery date of Summer 2019. The deal comes with an option for a second new ship to be delivered in 2021. The 55,900 gross ton vessels will span approximately 234 metres in
South Korean shipbuilders have ranked first in the world outpacing Chinese and Japanese rivals in terms of new orders in the third quarter of the year, reports Yonhap quoting Clarkson Research Services. South Korean shipyards bagged new orders totaling 2
The Singapore-listed and China-based shipbuilder Yangzijiang Shipbuilding has secured new orders worth $730m, including two very large gas carriers, between September and October. The two 84,000 cbm very large gas carriers (VLGCs) were ordered by Shanghai Zhenrong Energy.
Maersk Line, the world's largest container shipping company, said on Wednesday it will slash costs, cut staff by almost a fifth and pull out of vessel orders as trade along the busiest routes in the world, from Asia to Europe, slows down.
Knutsen NYK Offshore Tankers AS (KNOT) has concluded a time-charter contract with Brazil Shipping 1 Limited, a subsidiary of the U.K. energy supplier BG GROUP PLC. This contract is for a maximum 20-year period starting from the second quarter of 2017 and follows the
88 medium-size and large shipbuilding enterprises in China realized an aggregate gross industrial output value of RMB 163.0 billion ($26.3 billion) during the January-May period this year, up 5.5 percent year on year, says China Association of the National Shipbuilding Industry (CANSI).
GTT receives order from Hyundai Heavy Industries for a FSRU addressed to Höegh LNG GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), has announced a new order for a Floating Storage & Regasification Unit
Dalian Shipbuilding Industry Corporation (DSIC) has announced an order win for two 319,000 dwt VLCCs and five 72,000 dwt product tankers from Cosco Dalian, the tanker shipping arm of China Cosco Group. The financial details of contract were not disclosed
GTT receives a new order from Hyundai Samho Heavy Industries for two LNGCs for Teekay GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has received a new order for two LNG carriers (LNGCs) to be built
After signing an order for the construction of five new ships two weeks ago, the Italian shipowner Grimaldi Group has signed another contract for the construction of three new PCTC-type ships (Pure Car and Truck Carriers) at the Chinese Jinling shipyard
South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot, while the global shipbuilding industry saw new orders halve
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering said it has received an order for a new LNG carrier from a ship management specialist Chandris of Greece. The new deal calls for Daewoo to deliver the LNG vessel, able to carry 173,400 cubic meters of natural gas
A mini order boom fueled by gas, “green-tech”, tankers and new rules is underway in shipbuilding. It won’t fill all yards, but changes like the July 2015 cap on sulfur emissions garner retrofit and rush orders. Even China’s Directive 55 obliges its mixed bag of yards to
With China’s COSCO confirming its $1.5-billion order of 11 new 19,000 TEU ships for delivery in 2018, the “arms race” for Ultra Large Container Vessels (ULCV) of over 18,000 TEU continues but carriers are having to be more creative when deciding where to deploy smaller
GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has won a new order for a floating storage and regasification unit (FSRU) from the Korean shipbuilder Samsung Heavy Industries.