Carrier Fleet News

Chinese automakers and shippers are ordering a record number of car-carrying vessels to support a boom in EV exports, data showed, putting China on course to amass the world's fourth-largest fleet by 2028.China currently has the world's eighth-largest fleet with 33 car-carrying ships, showed data from shipping consultancy Veson Nautical. Japan has the world's largest with 283 ships, followed by Norway's 102, South Korea's 72 and Isle of Man's 61.But Chinese companies have 47 ships on order, accounting for a quarter of all orders globally.

Classification society ABS announced it has awarded ECOLOG, a mid-stream Carbon Capture, Utilization and Sequestration (CCUS) service provider, with an industry first ISM Document of Compliance for the operation of liquified CO2 carriers on behalf of the Bermuda flag administration.ABS audited ECOLOG to verify compliance with the International Safety Management Code.ECOLOG plans to build and own CO2 terminals and a carrier fleet to service the emerging CCUS sector, connecting hard to abate emitters with cost competitive sequestration sites and carbon utilization facilities.“Carbon capture…

Last week, on January 31, the future USS Kingsville (LCS 36) returned pier side after successfully completing acceptance trials in the Gulf of Mexico for the U.S. Navy, Mobile, Ala. shipbuilder Austal USA announced.During acceptance trials, comprehensive testing is conducted on the ship’s major systems and equipment in order to demonstrate their successful operation and mission readiness. The U.S. Navy’s Board of Inspection and Survey participates throughout the trials to validate…

A feasibility study has highlighted the potential for using clean ammonia to refuel ships, particularly iron ore carriers, visiting the Pilbara region of Western Australia.The study, commissioned by Yara Clean Ammonia (Yara) and Pilbara Ports, was undertaken by Lloyd's Register, and looked at key areas including the estimated demand and likely availability of ammonia as a replacement shipping fuel. The potential risks and regulatory requirements for ammonia bunkering at the ports…

Despite a steady increase in port state control detention rates following the pandemic in all regions, INTERCARGO-entered vessels consistently outdid industry performance indicators in both deficiencies and detentions, as shown by the latest edition of its annual Benchmarking Report.Deficiencies per inspection (DPI) rates remain unchanged and in line with previous years’ Benchmarking Reports, the 11 leading Class Societies (IACS Members), which class over 95% of the bulk carrier market…

U.K.-based shipowner Lomar Shipping announced it has acquired three Supramax bulk carriers as part of its ongoing bulker fleet expansion program.The company, a subsidiary of New York-based Libra Group, said it has taken delivery of the 57,038-dwt Oslo Trader (ex Ariadne, built in 2010), while the 2012-built 56,702-dwt Lima Trader (ex Universal Bangkok) and 57,075-dwt Rome Trader (ex Haut Brion), built in 2011, will be delivered later this month.All three Dolphin 57 vessels are Chinese-built, increasing Lomar's bulk carrier fleet to nine ships.

Japan's NYK is set to order two LNG-fueled large coal carriers from Oshima Shipbuilding Co., Ltd. The vessels are scheduled to be delivered in 2025."This ship order is a part of a bulk carrier fleet development aimed at achieving net-zero greenhouse gas (GHG) emissions in the NYK Group's oceangoing businesses by 2050," NYK said.NYK says that compared to conventional heavy oil-fueled ships, the two new ships will emit zero sulfur oxides (SOx), 80% less nitrogen oxides (NOx), and 30% less carbon dioxide (CO2).

WinGD’s X72DF-2.1 engines will power 25 vessels as part of the QatarEnergy’s North Field East (NFE) project. The 50 dual-fuel engines feature the new on-engine configuration of WinGD’s intelligent control by exhaust recycling (iCER) was released in May 2022, designed to provide improved fuel efficiency in both gas and diesel modes and a 50% reduction in methane slip compared to the first-generation X-DF.One order as part of the Qatar NFE programme is for two 174,000-cbm LNG carriers to be built for TMS Cardiff Gas at Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME).

Offshore wind farm construction and services company Eneti Inc. announced it has sold its entire holding in Scorpio Tankers Inc.Eneti said it sold its 2,155,140 common shares in Scorpio Tankers for $38.65 per share, for gross proceeds of approximately $83.3 million.As part of the transaction, Scorpio Tankers purchased approximately 1.3 million shares for approximately $50 million.Eneti, formerly Scorpio Bulkers, in 2021 changed its name and began selling off its bulk carrier fleet in a pivot to offshore wind farm construction and services.

Greek shipowner Diana Shipping on Thursday announced it has acquired the bulk carrier fleet of U.S.-based Sea Trade Holdings in a $330 million cash and shares deal.The nine ultramax vessels, built between 2015 and 2018 with an average vessel age of approximately 5.4 years, are scheduled to be handed over during the fourth quarter of 2022, Diana said.The ships—STH Athens, STH London, STH New York, STH Sydney, STH Tokyo, STH Kure, STH Chiba, STH Oslo and STH Montreal—are all Japanese-built (Japan Marine United and Mitsui Engineering & Shipbuilding) and range from 60,309 dwt to 60,508 dwt.New York-listed Diana said it will pay for the deal using $220 million in cash and $110 million in the form of 18…

Greek shipowners retain their preeminent market position with 16.4% of global GT (19% by dwt) despite recent years of crisis, operational challenges, dramatic market change and widespread disruption, according to recent analysis from Clarksons Research.Over the last four years, Greek shipping companies have added 29 million GT to reach 247 million GT / 41 million dwt on the water), the U.K.-based data and analytics firm said.A long term focus on tankers (26% global fleet share…

dship Carriers took delivery of number four of four newbuilds, the MV Charlie, the latest generation eco-friendly F-500 vessel type. The quartet of new ships enhances dship's capabilities in the multi-purpose heavy lift market during a time when cargo slots are rare and the market is tight.dship ordered the four eco-friendly F-500 multipurpose heavy lift vessels—MV Mick, MV Keith, MV Ronnie and MV Charlie—as part of its fleetexpansion program initiated back in 2018. All ships were developed to reduce fuel consumption while increasing stowage flexibility.

Synergy Marine Germany GmbH, a subsidiary of the Synergy Group, signed an agreement to manage part of the bulk carrier fleet owned by Oldendorff Carriers, one of Germany’s foremost shipowners and one of the world’s leading dry bulk operators."When we place our vessels with a third-party manager we only do so when we are confident they will deliver the benchmarked technical excellence that both Oldendorff and our customers expect," said Dexter Jeremiah, Managing Director Operations of Oldendorff Carriers. "Synergy is renowned as a quality manager with a great safety and operations record.

VesselsValue's head cargo analyst, Olivia Watkins, has compiled a list of the world's top ship owning nations ranked by total fleet value.ChinaChina has moved up from second in January to firs place this time, owning a total of $191 billion in assets.China owns the largest number of containerships and, consequently, the recent surge in rates and values has moved them up the ranks to top spot in terms of fleet value. The increase in rates has also prompted an ordering spree across the container sector, as owners’ confidence in the market exploded.

Qatar's state-run energy firm QatarEnergy, until recently known as Qatar Petroleum, has ordered six LNG tankers, four from Daewoo Shipbuilding & Marine Engineering (DSME) and two from Samsung Heavy Industries (SHI) in support of its North Field expansion project.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: “We are pleased to take this further step with DSME and SHI, which have built 23 Q-Flex and 14 Q-Max LNG vessels for Qatar as part of our previous LNG expansion project.”Al-Kaabi further said: These orders…

Qatar Petroleum has ordered four new LNG carriers from Hudong-Zhonghua Shipbuilding Group, a subsidiary of China's CSSC, as part of its North Field expansion project."These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program, which will cater for future LNG fleet requirements for the North Field expansion projects as well as for existing vessel replacement requirements. This order is also the first ever placed by Qatar Petroleum or any of its affiliates with a Chinese shipyard for LNG ships…

The Panama Ship Registry is the largest in the world since 1993. This year, most of the vessels that entered the Panamanian registry were bulk carrier vessels. Panama-flagged bulk carriers represent 22% of the world´s bulk carrier fleet, with 2,725 vessels and 112.1 million gross tons (GT), according to Clarksons Research.Between January and August 2021, Panama has incorporated 218 newly-built ships to its fleet, contributing 6.6 million GT, of which 61 vessels are from the bulk carrier segment.Additionally…

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says shipbroker Simpson Spence Young.Following an ever-strengthening charter market, SGX have confirmed a launch date for the new offering as April 19, 2021, with EEX aiming for early May pending regulatory approval. Both exchanges are keen to promote clearing of the new contract.The handysize futures market was previously based on the Baltic Exchange's old 28…

Kongsberg Maritime wins contract with Myklebust Verft to deliver innovative low-emission LFC for Sølvtrans.Kongsberg Maritime signed a $8.2m contract with Norwegian shipyard Myklebust Verft to design and equip a new Live Fish Carrier (LFC) for live fish transportation company Sølvtrans. The new 5,000m3 LFC will be built to KM’s new NVC 390 design, with a focus on reduced emissions and enhanced sustainability. The scope of Kongsberg's equipment package supply includes Promas propulsion, generators, thrusters, electrical systems and automation.

Dry bulk shipping firm Castor Maritime has struck a deal to buy a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for $14.8 million. It did not reveal the identity of the seller.The acquisition is expected to be consummated by taking delivery of the vessel sometime in the end of the first quarter or beginning of the second quarter of this year and is subject to the satisfaction of certain customary closing conditions. Castor Maritime said.Petros Panagiotidis…

A newly launched stock index family is designed to measure the performance of companies involved in maritime transport of liquefied natural gas (LNG).The rules-based UP World LNG Shipping Index covers 17 publicly traded companies and partnerships from countries such as the U.S., Qatar, Japan, Norway, South Korea and Malaysia. The index covers 65% of the world LNG carrier fleet."Our aim is to set up the UP World LNG Shipping Index as the leading index for the rising LNG shipping industry…

South Korea's Daewoo Shipbuilding Marine & Engineering (DSME) has delivered a new LNG Carrier - the BW Pavilion Aranthera - to its owners BW LNG. The delivery took place on Friday, July 3, 2020.The BW Pavilion Aranthera is a 173,400 cubic meters carrier with the ME-GI dual-fuel two-stroke engine and full reliquefaction capabilities.The vessel is BW’s fifth newbuilding with ME-GI propulsion and re-liquefaction system, in a series of nine new builds on order from DSME yard. The remaining four will be delivered by 2022…

Qatari state-owned oil and gas company Qatar Petroleum has entered into what it says "are the largest LNG shipbuilding agreements in history to secure more than 100 ships valued in excess of QR 70 billion [USD19,2 billion] to cater for its LNG growth plans." Qatar Petroleum said Monday it had entered into three agreements with Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI), respectively, to reserve LNG ship construction capacity in South Korea…