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Celebrity Cruises Orders New Ship

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 in $384m Deal for 4 VLCCs

Photo: Euronav

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


Cruise Ship Newbuilding Famine Relieved by NCL

Norwegian Cruise Lines New Ship: Photo credit NCL

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 Launches Cat 3500 Gasket Kits

Photo courtesy of Caterpillar

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


25,000-TEU Ships Possible, Not Practical

Pic by Maersk Line

 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


Chinese Shippers Order for 30 Valemax Vessels

Valemax vessels. Photo: Vale

 The Chinese shipping companies - Chinese shipping majors Cosco Group, China Merchants Group and ICBC Financial Leasing Co- ordered 30 Valemaxes worth a combined $2.5 billion for delivery starting from 2018, deployed on Brazil-China trade routes, reports WSJ.    The vessels will bosst the trade between China and Brazil and also will invest billions of dollars into delaying shipbuilding industry in the country


Kirby Marine Orders New Towboats

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


DNB Market Report Says: 'Just Look at the Car Carriers'

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


Maersk Tanker Fleet on Fuel-saving Retrofit Crusade

Maersk Tankship: Photo courtesy of Maersk Tankers

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


Dry Bulk Recovery will Require a Team Effort

(Photo: Pierre F. Beckman, Bulldog and Partners)

Experts believe the dry bulk market is positioned to become profitable by 2019 – but only if a series of sustained measures are taken year on year by the ship owning community as a whole, according to a report recently published by BIMCO.   Peter Sand, Chief Shipping Analyst at BIMCO, discussed the recently published analysis of the dry bulk market - the “Road to Recovery” in an interview at BIMCO House


In The Middle Of A (Supply) Chain Reaction?

Table: Clarksons Research

 In 2016 the shipping industry saw significant supply side adjustments in reaction to continued market pressures, says a report from Clarksons Research.   For shipbuilders this meant a historically low level of newbuild demand with fewer than 500 orders reported in 2016


Innovative Cruise Ship Hosts LNG Conference

Dr. Monika Griefahn, Chief Sustainable Officer AIDA Cruises. (Photo: (c) AIDA Cruises)

As part of the international trade conference "Making LNG Happen: Combining Forces for Sustainable Shipping," 80 representatives from the fields of business, politics and science visited the cruise ship AIDAprima in Rotterdam on Thursday, January 26, 2017


Virginia Pilots Orders New Pilot Boat

The Virginia Pilot Boat Corporation has ordered a Chesapeake Class MKII launch from Gladding-Hearn Shipbuilding. The MKII, a new generation of the shipyard’s popular, smaller class of pilot boats, is the Virginia pilots’ eighth Gladding-Hearn pilot boat. Delivery is scheduled for 2018


Golden Ocean CEO Takes Comfort in Dry Bulk Order Book at 15-year Low

** Dry bulk shipper Golden Ocean's CEO Birgitte Ringstad Vartdal says industry now faces more positive outlook after market brutal downturn ** Says demand is picking up, supported by increase in steel consumptions both in China and in the rest of the world; coal demand is a swing factor


Hapag-Lloyd orders 5,750 state-of-the-art Reefers

Photo by Hapag-Lloyd

With delivery beginning in October 2016, the new order strengthens market position in the transport of temperature-sensitive goods / Tests with new refrigeration equipment and natural refrigerants.   Hapag-Lloyd will also be investing in its container fleet this year: The liner shipping


Hapag-Lloyd Invests in its Reefer Fleet

Photo: Hapag-Lloyd

Announcing further investment in container fleet, liner shipping company Hapag-Lloyd has ordered a total of 5,750 refrigerated containers (reefers) of the latest generation – including 5,000 x 40-foot and 750 x 20-foot units. In addition, 1


Mitsubishi Plans to Shrink Ship Building Operations

Mitsubishi Air Lubrication System (MALS) Photo Mitsubishi Shipbuilding & Ocean Development

Japan's Mitsubishi Heavy Industries is planning to stop taking new orders for large passenger ships, downsizing its shipbuilding operations due to a slump in orders, the Nikkei newspaper reported on Sunday. The plans by Japan's fourth-largest shipbuilder come as new shipbuilding orders have


Finnish Shipyard wins Ship Deal from Royal Caribbean

Courtesy Meyer Turku

Miami-based cruise line operator Royal Caribbean Cruises Ltd. and Meyer Turku shipyard signed a memorandum of agreement for two next generation cruise ship orders to be delivered in 2022 and 2024. The around 200,000 gross ton large cruise ships under the project name “Icon” will


GasLog Orders New LNG Carrier from SHI

Photo courtesy GasLog

 GasLog Ltd. today announces that it has signed a time charter party with Centrica plc. ("Centrica") to charter a vessel for a period of seven years. The vessel, a 180,000 cubic meter LNG carrier with XDF propulsion, has been ordered from Samsung Heavy Industries


DSME Taps GTT to Equip Maran’s New LNG Carriers

GTT said it has received an order from Daewoo Shipbuilding & Marine Engineering (DSME) to equip two new LNG carriers scheduled for delivery in 2019.   The vessels will be built at DSME's shipyard in Geoje, Korea, on behalf of Maran Gas Maritime, a Greek management company


Port Taranaki Orders New Tug from Sanmar

Port Taranaki representatives and Sanmar’s sales director at the contract signing: Grant Squire, marine engineer supervisor; Guy Roper, chief executive; Craig Bramley, Sanmar director of sales-Australian region; and Neville Fox, head of marine services (Photo: Sanmar)

Within a few weeks of unveiling a new compact tractor tug jointly designed with Robert Allan Limited, Turkish shipbuilder Sanmar has secured an order from a port on the west coast of New Zealand.   Port Taranaki has awarded the Sanmar a contract to build the very first of its exclusive


Gulf Navigation, Mena Energy Sign Strategic Deal

Photo: Gulf Navigation Holding PJSC

GulfNav has marked another milestone by entering into strategic alliances with MENA ENERGY.   The strategic alliances  for mutual co-operation in ship acquisition, chartering and commercial management aims to set out a platform for the parties to have an enhanced commercial


Gaslog’s New LNGC to Feature Mark V Technology

 Following Samsung Heavy Industries’ (SHI) order announced last October 11, 2016, the new GTT's Mark V technology is confirmed as the technology to equip the new LNG carrier ordered by the European ship-owner Gaslog.   The vessel will be built at SHI's shipyard in Goeje Island


Samsung Heavy Mulls $6 Bln Orders This Year

Image: Samsung Heavy Industries Co

 South Korean major shipbuilder  Samsung Heavy Industries Co  is aiming to clinch orders worth more than US$6 billion this year, South Korea's Yonhap news agency reported the company's head as saying.   Park Dae-young, president and CEO of the shipbuilder


Kalmar Bags DP World's Container Handlers Order

Empty Container Handler Photo Kalmar

Kalmar, part of Cargotec, has been awarded an order to supply DP World's flagship terminal, Jebel Ali Port in Dubai, with the new generation empty container handlers. The order for 13 units has been booked into Cargotec's 2016 fourth quarter order intake






 
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