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.
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
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
GL completes EEDI certification of four Carisbrooke Super Green 8500 Vessels Germanischer Lloyd (GL) presented Carisbrooke Shipping with energy efficiency design index (EEDI) certificates for four low emission dry cargo vessels. Built by Chinese shipyard Jiangsu Yangzijiang Shipbuilding, the four 8500 DWT sister vessels, the Vectis Eagle, Falcon, Harrier and Osprey incorporate a number of innovative features, including the distinctive Groot Cross-Bow(r).
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
South Korean shipbuilders were overtaken by their Chinese rivals in new orders acquired in the first four months of the year, a London-based market researcher said on Wednesday. South Korean shipbuilders such as Hyundai Heavy Industries Co and Samsung Heavy Industries Co received a combined 6.9 million compensated gross tons (CGTs) in new orders in the January-April period, up 6.9% from a year ago, Clarkson Research Studies said.
Stena Bulk has confirmed an order for two in-house designed Suezmax tankers from Samsung, South Korea for delivery in 2011. The 158,700 dwt vessels, with a length of 899 ft and a beam of 157.5 ft, will be when delivered the largest tankers in Stena Bulk’s fleet. Also included are two optional sister vessels, declarable spring 2010. Nearly $7m extra per vessel has been invested in state-of-the-art technology in order ensure the highest environmental class including minimum 10 percent
United Shipbuilding Corporation, the Russian construction, repairs and maintenance industry, reportedly signed a contract with the ministry of defence for the construction of another three Krivak IV class frigates for the Russian navy, according to a report on www.avionews.com. The frigates are equipped with a 100-mm gun, Shitl medium-range air defense system, Club-N supersonic missiles, two Kashtan point defense systems
Farstad Shipping ASA subsidiary, Farstad Supply AS, contracts with STX OSV AS for an Offshore Subsea Construction Vessel (OSCV). This new building is part of Farstad Shipping's expansion into the subsea market and represents an investment of approx NOK 825 mill. Delivery of the vessel is due to take place in the first quarter of 2015. The vessel is a STX OSV OSCV 07 design OSCV and is designed for subsea and IMR operations (Inspection, Maintenance and Repair).
In his acceptance speech Admiral Efthimios E. Mitropoulis is critical as he accepts the IMO International Maritime Prize. The popular Admiral (known as EEM) made the speech at the recent ceremony awarding him the IMO Maritime Prize for 2011 at MO Headquarters, London.
Nordic American Tankers Ltd. is considering expanding its fleet by ordering new vessels or buying second-hand. The company's Board of Directors has declared a dividend of $0.16 for the fourth quarter of 2012. They are assessing expansion plans including ordering of new vessels from
The subsea support vessel (SSV), to be named 'VOS Sugar, is to be built in China at the Fujian Southeast Shipyard. The contract contains the option for a second vessel, and follows on from the two SSVs built at the Shipyard in 2012 for Vroon Offshore Services (VOS Shine and VOS Sweet).
Freight rate up 3.2% on last year / Transport volume increases by 1.1%. Revenue rises by 12.1% to EUR 6.84 billion / Absence of peak season and persistently high energy costs weigh on business / Positive operating result of EUR 26 million / EBITDA of EUR 335 million.
The global tanker market is depressed, it appears that there is little hope that it will recover for at least two years, according to a panel of expert speaking yesterday at a MarineMoney event in New York City. “What a difference a year makes,” said Jonathan B
Mitsui O.S.K. Lines, Ltd. (MOL) today announced a decision to order two containerships (8,600 TEU) from Mitsubishi Heavy Industries, Ltd., with delivery slated for 2013. Along with eight 8,100 TEU ships already in operation, the new vessels will be deployed to Asia-Europe routes.
The Shipping Corporation of India Ltd. (SCI) continues to modernize its fleet by acquiring new vessels. On July 14, SCI placed an order for a Cellular Container vessel of 3,500 TEU capacity, with M/s Rongcheng Shenfei Shipbuilding Co. Ltd., China
On December 21, 2011, STX Finland Oy and the Finnish Border Guard signed an agreement on construction of a next generation offshore patrol vessel. The vessel will be built at the STX Rauma shipyard and delivered to the customer in November 2013
Avance Gas Holding Ltd. adds Transpetrol Gas Holdings Ltd. as a shareholder and expands its Very Large Gas Carrier fleet Stolt-Nielsen Limited announce that Avance Gas Holding Ltd. (AGHL), a joint venture between Sungas Holdings Ltd. and Stolt-Nielsen Gas Ltd
The recent successful implementation of significant rate restoration initiatives by carriers in the core east-west trade lanes means that most are now operating above break-even. Carriers took sufficient capacity out in the winter months to ensure that recently re-activated services have not
MHI announces outline of FY 2012 first 3-month financial results ended June 30, 2012 (consolidated). Highlights from the financial report follow: Orders received ⇒ Down ¥128.9 billion: Year on Year (YOY) (¥621.3 bn → ¥492.4 bn)
Overall confidence levels in the shipping industry fell in the three months ended August 2012 to their lowest level for a year, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens.
Seadrill has entered into a turnkey contract to build a new ultra-deepwater drillship at the Samsung yard in South Korea, for 2014 delivery. The project value price is estimated to be around US$600 million (including project management, drilling and handling tools, spares
Carnival Corporation & plc orders new ships, one each for Its Holland America Line and Carnival Cruise Lines brands. A memorandum of agreement has been signed with Italian shipbuilder Fincantieri for the construction of a 2,660-passenger ship for Holland America Line scheduled for delivery
Fednav Ltd. orders ice-breaking bulk carrier from Sumitomo Corporation & Universal Shipbuilding Corporation, Japan. The new vessel has been ordered in order for Fednav to fulfil a long-term contract which provides for the transportation of nickel and copper concentrates from Canadian