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World's Biggest

Carnival To Swap Ships

Carnival Corp., which is working to revive profitability at its Seabourn luxury cruise line, said that next year it will shift a ship now sailing for Seabourn to the company's Holland America Line. The Seabourn Sun, at 38,000 tons the largest of the six Seabourn ships, will move to Holland America in April 2002 after the vessel finishes an around-the-world tour. Carnival, the world's biggest cruise group with 44 ships among its half a dozen lines, last month changed top managers at its jointly run Seabourn and Cunard lines.


STX Shipbuilding Gains on Stake Purchase in Aker Yards

STX Shipbuilding Co., the first South Korean yard in China, had its biggest two-day gain in more than a week in Seoul on optimism the purchase of a stake in Norway's Aker Yards ASA will add cruise liners to its range of vessels. STX Shipbuilding has more than quadrupled this year, making it the fourth-best performer in South Korea's Kospi 200 index. The stake purchase in Aker Yards will allow STX Shipbuilding to use the Norwegian company's expertise in cruise liners


Cruise Lines Face Y2K Supplier Squalls

Cruise Lines Face Y2K Supplier Squalls The world's biggest cruise lines have safeguarded their own computers against Year 2000 glitches, but still face possible electronic squalls arising at food vendors and other suppliers. Carnival, Royal Caribbean and other major cruise lines operating out of North America are stopping short of declaring full victory over possible Y2K disruptions, due to worry about outside vendors, officials said.


Korea's HHI Shows Diverse LNG Carrier Models at Gastech

File photo CCL£

Hyundai Heavy Industries (HHI),  claimed to be the world’s biggest shipbuilder, and the only one in Korea capable of constructing both Membrane type and Moss type LNG carriers, informs it will exhibit at the upcoming Gastech 2014 show in Gyeonggi Province, South Korea. The shipbuilder says it has taken the lead in introducing cutting-edge LNG-related ships, and developing independent LNG storage system and technology


World's Biggest Floating Diamond Processing Vessel Sets Sail

The world's biggest floating diamond processing vessel will set sail for the first time within three weeks and should be in position off Namibia before Christmas, the Namibian Minerals Corporation (NAMCO) said. "This is the biggest offshore diamond processing plant in the world," NAMCO chairman Alastair Holberton told reporters on a tour of the ship in Cape Town harbor. "We expect that in its first work up year in operation it will harvest 200,000 carats of diamonds worth about $30 million


Cunard Narrows Field For Queen Mary Builder

Reports indicate that Cunard will likely sign the deal to build the world’s largest and most costly cruise ship this week, and it is believed that either France’s Chantiers de l’Atlantique or Northern Ireland’s Harland and Wolff will be beneficiary of the contract to build the ship, which has been estimated at $600 million. Five European shipyards have been in the running for the massive Queen Mary 2. The cruise industry is convening in Miami this week at the annual Seatrade Cruise Shipping


Hutchison Buy Follows Maersk Deal

Hutchison Port, a unit of conglomerate Hutchison announced earlier on Wednesday a 30 percent investment in Westport Holdings, a multi-purpose terminal in Malaysia's biggest port, Port Klang. Hutchison, controlled by Hong Kong tycoon Li Ka-shing, said in a statement that the deal would allow it to participate in Malaysia's economy. It gave no other details of the deal. Malaysia has 15 ports including Port Klang, on the west coast of Malaysia, which is the nation's main port.


16 Die in Coal Mine Accident in China

Rescuers work at the accident site after a coal mine collapsed in Tiechanggou township, Chinas Xinjiang regional capital of Urumqi

  Sixteen workers were killed after a coal mine collapsed in China's far western region of Xinjiang, the official Xinhua news agency reported on Saturday, highlighting the poor safety standards in the world's biggest coal producing country. The accident occurred in the regional capital of Urumqi on Friday night when 33 workers were underground, the report said citing local officials. Eleven workers were injured and six escaped, it added.


Exxon, Shell Lose Nigerian Field Access

Chevron Corp. and Exxon Mobil lost an auction for Nigeria's most promising oil and gas fields last year to companies controlled by South Korea. In Venezuela, Royal Dutch Shell's bid to develop an offshore gas deposit collapsed when Brazil's state oil company stepped in. The world's biggest publicly traded oil producers are losing reserves to state-run companies willing to pay higher prices for energy needed to fuel growing economies. Petroleo Brasileiro SA, China's Cnooc Ltd


Vroon Receives Striking New Livestock Carrier

Galloway Express: Photo credit owners

'Galloway Express' is the first of 4 livestock carriers being constructed at the Cosco Shipyard in Guangdong for Vroon. The remaining three vessels are scheduled for delivery later this year and early in 2014. These livestock carriers are next‑generation livestock vessels, boasting a cargo capacity of approximately 4,500 sqm and a cruising range of around 18,000 nm. They are fitted with animal-welfare facilities exceeding Australian (AMSA) regulations and incorporate a revolutionary bow


The Art of Propeller Making

The mold is 1,100 degree Celsius liquid bronze is flowing into the prepared propeller mould.to be filled.

The world’s biggest propellers have their cradle in the North of Germany. MMG – Mecklenburger Metallguss GmbH – has manufactured for more than 65 years propellers for ships, including the biggest and fastest, in the State of Mecklenburg-Vorpommern


World's Largest Ship Sparks Outrage

Pieter Schelte (Pic: Allseas Group)

 Jewish groups in the Netherlands and Britain have reacted with rage and despair at the arrival in Rotterdam of the world's biggest ship, the Pieter Schelte, named after a Dutch officer in the Waffen-SS.  The Pieter Schelte, which is so big it can lift oil rigs out of the water


Tepco, Chubu Buying 6 LNG cargoes from Vitol

Japan's Tokyo Electric Power Co and Chubu Electric Power Co,, are expected to buy a total of six cargoes of liquefied natural gas (LNG) from Vitol and GDF Suez in their first joint tender, three traders said on Friday. "They are waiting for the government to confirm


Maersk Chief Warns on Global Trade

Nils S. Andersen, Maersk Group CEO (Source: Maersk Line)

Nils Andersen,  chief executive  of AP Møller-Maersks, has warned that global trade will never return to scorching pre-crisis growth rates, in part because western companies are looking to manufacture more goods closer to home, says a report in the Financial Times.


Keppel Q4 Profit Up; 2014 Profit Beats Street

Keppel Corp's full-year profit up 2 pct at S$1.9 bln. Singapore's Keppel Corp Ltd said fourth-quarter net profit rose 6.1 percent to S$725.9 million ($544.8 million), while its full-year profit rose 2 percent and beat analysts' consensus.


BP Remains Singapore's Top Marine Fuel Supplier

Image: BP Singapore

BP Singapore kept its spot as a top marine fuel supplier by volume for the eleventh straight year in 2014 at the world's biggest bunkering port, the Maritime Port Authority of Singapore (MPA) said.  MPA does not specify the volumes each supplier sells


Hyundai Merges Offshore and Plant Divisions

Image: Hyundai Shipbuilding Division

 To improve efficiency Korea’s Hyundai Heavy Industries (HHI) announced its intention to merge its plant division into the offshore business. The world's biggest shipbuilder said that they will take place after current projects are completed.


Massive J-Lay Tower Delivered to Saipem

Photo courtesy of Fairmount Marine

The largest component of the 120-meter J-Lay tower for one of the world’s biggest crane vessels, Saipem 7000, has been delivered by tug Fairmount Expedition offshore Burgas, Bulgaria. The tower component was loaded on Saipem’s cargo barge S42.  


Great Ships of 2014: Allseas’ Pieter Schelte

Pieter Schelte at Daewoo shipyard

In a word, Pieter Schelte is BIG. Founded in 1985, Swiss-based Allseas Group S.A. is specialized in offshore pipeline installation and subsea construction. The company employs more than 2,500 people worldwide and operates a fleet of specialized


India's Ministry of Shipping on Twitter

Nitin Gadkari, Indias Union Minister of Shipping, Road Transport & Highways

  Mr Nitin Gadkari, India's Union Minister of Shipping, Road Transport & Highways earnestly believes that social media has an important role to play in the task of nation-building in Worlds' biggest democracy. Ministry of Shipping is now on Twitter


DSME Rolls Out World's Largest Containership

 Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which has claimed the title of the world’s biggest containership. After the christening ceremony the MSC Oscar departed for Busan. The vessel has a capacity of 19,224 containers


Cheap Prices Drive Record Chinese Imports

Crude oil, iron ore and soybean shipments hit monthly record. China imported record levels of crude oil, iron ore and soybeans in December as the country took advantage of cheap global prices to boost shipments, despite faltering demand growth at home.


Traders Book Oil Tankers to Store 25m Barrels at Sea

Some of the world's biggest oil traders have booked supertankers to store at least 25 million barrels at sea in recent days, seeking to take advantage of the crash in crude prices and make a profit down the line. Floating storage levels are expected to increase further in coming weeks as


Tankers to Store 25m Barrels of Oil At Sea

Image:Trafigura

Oil traders have booked at least 12 tankers to store 25 million barrels of crude at sea in a further sign of a build-up in global stocks, reports Reuters.   To take advantage of the crash in crude prices and make a profit down the line


Pacific Basin Issues Profit Warning

Image courtesy: Pacific Basin Shipping

 Dry bulk shipowner Pacific Basin Shipping announced a total of US$132 million (HK$1 billion) impairment charges on chartered-in vessel contracts and bunker fuel swaps.   The Hong Kong-listed company informed the stock exchange that  it took US$101 million provisions mainly






 
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