Torm Orders LR2 Newbuilds from GSI
Danish product tanker company TORM announced on Thursday it has entered into a deal to purchase a pair of LR2 tankers from Chinese state-owned builder Guangzhou Shipyard International (GSI) for expected delivery in the fourth quarter of 2021.TORM, which currently has 29 GSI vessels in its fleet, said the newbuilds will be constructed "to optimize trading and fuel- efficiency" and will be equipped with scrubbers. The vessels will also be prepared for a potential later dual-fuel…
Wärtsilä’s Single-Source Capability Key to New Order
The technology group Wärtsilä’s industry-leading portfolio of products, systems and integrated solutions, which allows the company to be a single-source provider for shipbuilding projects, has resulted in a major order.Two new RoPax ferries being built at the Guangzhou Shipyard International (GSI) yard in China will feature a comprehensive package of Wärtsilä solutions. The order with Wärtsilä was placed in October 2019, and there are options for an additional two vessels.The full scope of the order includes four Wärtsilä 46 main engines…
Pangaea Orders 2 More High Ice Class Ships
Pangaea Logistics Solutionsexpanded its order for high ice class post-panamax dry bulk 95,000 dwt. vessels at Guangzhou Shipyard International (GSI) from two to four vessels.The four ships, two for delivery in April and May 2021 and two for delivery in November 2021, will be used to service Pangaea's Arctic customer base. The two added ships, also designed with Ice Class 1A specifications, will cost $37.7 million each.Pangaea also announced a series of committed transactions to finance the ships through a $129.2 million bareboat charter structure.
P&O Ferries Invests In Next-Gen Ferries
P&O FERRIES has signed a contract with Guangzhou Shipyard International Ltd worth $285 million for two new 230-meter super-ferries – the largest ever to sail between Dover and Calais – that will be operational by 2023. The contract includes options to build two further vessels by 2024. P&O Ferries said the investment would secure the company’s position as a leading provider of transportation for people and goods between Britain and the Continent:“These will be the most sustainable ships ever to sail on the English Channel…
Vista Shipping to Finance Product Tankers
Hafnia Tankers, a member of BW Group, and shipyard-affiliated leasing company CSSC (Hong Kong) Shipping have formed a joint venture named Vista Shipping to finance and operate product tankers.A term loan facility of USD 111 million is intended to be used to finance four LR1 newbuildings. A banking consortium consisting of KfW IPEX-Bank, Societe Generale Hong Kong Branch and OCBC Singapore participate with 33% each as lenders at the term loan facility and have reached financial close.KfW IPEX-Bank acts as Facility Agent, Sinosure Agent and Security Agent.
OSK Designs RoPax Ferry for Onorato
The provider of passenger and freight maritime transportation Onorato Armatori has signed a contract with Guangzhou Shipyard International (GSI) for the order of two plus two RoPax ferries, designed by Danish naval architects, OSK-ShipTech.The contract was just signed at a ceremony in Beijing. Onorato Armatori is behind the RoPax ferries to be built at Chinese shipyard Guangzhou Shipyard International. The first ferry is scheduled for delivery in 2022.It is the long-standing cooperation between both OSK, yard and owners, which results in this project.
OSK-ShipTech Designs Luxury RoPax Ferry
Onorato Armatori has signed a historical contract with Guangzhou Shipyard International (GSI) for the order of two plus two luxurious RoPax ferries.Danish naval architects OSK-ShipTech have again contributed to a significant Chinese newbuilding project with the design for the luxury ferries constituting the world’s largest ferry order to this day. The contract was just signed at a ceremony in Beijing. Onorato Armatori is behind the RoPax ferries to be built at Chinese shipyard Guangzhou Shipyard International.The RoPax-ferries will each have a capacity of approx.
300,000DWT Bulker Joins Berge Bulk Fleet
Singapore's dry bulk shipping company Berge Bulk has taken delivery of the second and newest 300,000DWT very large ore carrier (VLOC) in China.The new vessel, named Berge Mafadi, was delivered from the Guangzhou Shipyard International (GSI) yard in Guangzhou, said a press note. With a ‘Rightship A+’ rating and an Energy Efficiency Design Index (EEDI) 20% below the baseline, she ranks amongst the most energy-efficient bulk carriers in the world.Berge Mafadi has been designed to…
Pangaea Orders Ice Class Post-Panamax Pair
Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics and transportation solutions, has signed a contract to build two new post-panamax 95,000 dwt ice-class dry bulk vessels at Guangzhou Shipyard International in China to support the new business.Pangaea holds options to build two more vessels at Guangzhou, said a press note from the company.Pangaea has also announced the expansion of its high ice class fleet niche with a new ten year contract with its customer Baffinland Iron Mines Corporation.Ed Coll…
GSI Delivers VLOC to Berge Bulk
Singapore-based vessel owner and operator Berge Bulk has received the 300,000 DWT bulk carrier Berge Logan, which was built at China’s Guangzhou Shipyard International (GSI).The 327-meter-long very large ore carrier (VLOC) is the largest bulk carrier in terms of deadweight to be built in Southern China.Sailing under the flag of Isle of Man, she will make her maiden voyage to Brazil, said a press release.Very similar in design to Berge K2, Berge Makalu and Berge Annapurna, she is equipped with energy-efficient initiatives – such as a super-efficient tuned main engine…
Dual-Fuel RoPax Ferry MV VIsborg Delivered
Designers OSK, owners Rederiaktiebolaget Gotland and builders Guangzhou Shipyard International jointly celebrated the delivery of MV VISBORG the first vessel in a series of two intended to ply the waters between Gotland’s largest city Visby and the ports of Nynaeshamn and Oscarshamn in mainland Sweden.OSK Group has played a significant role in the development and design of the powerful dual fuel RoPax ferry. OSK-ShipTech has had a dual role being consulting naval architects for…
Guangzhou Launches World's First Icebreaking LNG Tanker
The world's first liquid natural gas (LNG) carrier tanker was named 'Boris Sokolov' and delivered by Guangzhou Shipyard International in Guangzhou City.According to Chinese state media, the Arctic condensate tanker carrier designed to traverse the world's icy northern polar region.With a load capacity of 44,550 tons, the vessel, which is built for for Dynacom of Greece, can sail in the Arctic region without icebreaker-piloting, it said. The vessel is mainly used for transporting condensate oil for the Yamal LNG project in northwest Siberia…
TORM, ME Production and GSI JV for Production for Scrubbers
Danish shipping company TORM has established a joint venture with scrubber manufacturer ME Production and Guangzhou Shipyard International (GSI).The joint venture, ME Production China, will manufacture and install scrubbers in China and deliver them to a range of maritime industry customers for both newbuildings and retrofitted vessels, said a press release from the carriers of refined oil products. TORM holds an ownership stake of 27.5% in the new joint venture. GSI is part of…
Digital Transformation of Maritime Freight to Reach USD 205bln by 2023
New digitization solutions, such as big data, blockchain, automation, drones, and robotics, are enabling the maritime freight industry to introduce game-changing approaches that will significantly reduce or eliminate non-value-added activities. Over the next five years, maritime suppliers across the value chain will increasingly adopt solutions to address security, overcapacity and accurate cost models, according to new research from ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies.
TORM Orders MR Tanker Trio at GSI
Danish ship owner TORM exercised options for the construction of three MR newbuildings at Chinese shipyard Guangzhou Shipyard International (GSI) for expected delivery in 2019 through first quarter of 2020. The three newbuilds will cost $93 million. TORM said it has secured commitment for vessel financing of up to $63 million from KfW and ABN AMRO, subject to loan documentation. “The vessels are attractively priced when comparing to the current market, and we believe that now…
Deltamarin Bags Ro-pax Design Contract
Deltamarin Ltd has signed a contract with Chinese Guangzhou Shipyard International Co, Ltd (GSI) for consultancy and engineering services for the DFDS ro-pax ferries. Deltamarin earlier carried out contract design of the ship concept for GSI in cooperation with the owner. Deltamarin will provide the yard with basic (approval) and detail design together with Safe Return to Port (SRtP) documentation. The contract covers all disciplines and all areas. The value of Deltamarin’s contract with GSI is about €5 million ($6.2 million).
CSSC Listed Businesses to Get Capital Injections for Shipyards
China State Shipbuilding Corporation's listed units CSSC Holdings and CSSC Offshore & Marine plan to bring in major investors to inject about 10.2 billion yuan ($1.6 billion) of capital into four shipyards. China's shipyards have been suffering from a prolonged downturn in the shipping industry and both companies said the planned capital increases were part of the government's wider "supply-side structural reform policy". China CSSC Holdings Ltd is bringing in investors, such as China Life…
Guangzhou Shipyard Bags Order for Seven Tankers from Cosco Shipping
Cosco Shipping Energy Transportation (CSET) has placed an order for seven more ships at compatriot Guangzhou Shipyard International Company Limited (GSI), owned by CSSC Offshore & Marine Engineering Company Limited. The order will include two 64,900 dwt crude oil tankers, two 109,900 dwt LR2 vessels and three 114,000 dwt crude tankers, totaling in an investment worth approximately USD 323 million (RMB 2.14 billion.). Expected delivery dates for the two 64,900 dwt panamax crude tankers are on or before 29 February 2020 and 31 May 2020, respectively.
TORM Buys Resale MR Tankers from GSI
Danish ship owner TORM said it has purchased four resale medium range (MR) tankers from Chinese shipbuilder Guangzhou Shipyard International (GSI), with an option to purchase up to four additional MR vessels. The first four vessels are due for delivery in 2019, and the following four would be delivered in late 2019 – all delivered according to TORM’s specifications. According to TORM Executive Director, Jacob Meldgaard, TORM was able to purchase the vessels “at very favorable prices” thanks to its long-standing relationship with GSI.
Navig8 Acquires Seventh LR2 from Guangzhou Shipyard
Navig8 Product Tankers Inc. today announced that it has taken delivery of the Navig8 Gladiator, a 113,000 DWT LR2 tanker from Guangzhou Shipyard International Company Limited (“GSI”), formerly CSSC Offshore & Marine Engineering (Group) Company Limited. The Navig8 Gladiator is the seventh of eight vessels contracted at GSI to be delivered to the Company and is the seventh vessel to be delivered under the sale and leaseback agreements entered into with CSSC (Hong Kong) Shipping Company Limited (“CSSC”) announced on June 25, 2015.
Suitability Survey Completed for Second Largest Semi-Submersible
Global Maritime Consultancy & Engineering, a provider of offshore marine warranty, dynamic positioning and engineering services, has completed a suitability survey for the world’s second largest semi-submersible - the ‘Xin Guang Hua’ - in advance of her maiden voyage. For the survey, Global Maritime carried out an independent assessment of all aspects of the vessel’s condition. The Xin Guang Hua - at 255 meters long, 68 meters wide and with a lift/transportation capacity of 98,000 tons - has been built by Guangzhou Shipyard International Company and is owned by Cosco Shipping.
FPSO Newbuild Shipped to Rotterdam
The team of Vuyk Engineering Rotterdam BV has welcomed the semi-submersible heavy transport vessel Xin Guang Hua owned by Cosco Shipping to the port of Rotterdam, where she will unload the Western Isle FPSO. The vessel has been built by Guangzhou Shipyard International (GSI) in China and is currently the second-largest vessel in the market with a deadweight of 98,000 metric tons. The development of this new flagship of the heavy transport division of Cosco Shipping is the result of a cooperation between Cosco, GSI and Vuyk.
Cosco Rolls Out Largest Semi-Submersible Ship
Breakbulk carrier COSCO Shipping has rebranded as COSCO Shipping Special Transport and launched its largest semi-submersible vessel to date, the Xin Guang Hua, reports Xinhua News Agency. Xin Guang Hua, capable of carrying 100,000 tonnes of cargo, is 255 meters long and 68 meters wide. Guangzhou Shipyard International Company, the builder, delivered the ship to Cosco Shipping Specialized Carriers Co. Ltd, a member of China Ocean Shipping Group, in the southern city of Guangzhou.