German Shipowner to Convert Containership to LNG （2015-10-23）
German shipowner Wessels Reederei says it has been given funds to convert one of its feeder containerships to liquified natural gas, marking the first of what could be many conversions in the company’s fleet.
Last week, the company was awarded a seven-figure grant from the German government to re... |
Wisdom Marine orders Handysize bulkers at Namura （2015-09-30）
Taiwanese bulker owner Wisdom Marine has ordered two 34,000 dwt bulk carriers at Japan’s Namura Shipbuilding. It announced in a Taiwan Stock Exchange filing that the two newbuildings would cost no more than USD44 million in total. The ships will be delivered by 2H16. The latest order means Wisdom Ma... |
Cobelfret buys two ro-ros （2015-09-27）
Belgian shipowner Cobelfret has contracted two large ro-ro cargo ships from Hyundai Mipo of South Korea. The 8,000 lane metre ships, which will be among the largest such vessels in the world, are booked for delivery during 2017 and have been priced at approximately USD93 million each. They are expec... |
Maersk Tanks orders nine MR tankers （2015-09-18）
Maersk Tankers, the product tanker unit in the AP Moller-Maersk group of Denmark, says it has ordered nine medium-range (MR) vessels from the Samsung Heavy Industries Ningbo shipyard in China. “The order, with a contract value of approximately USD300 million, is for nine MR vessels with a capacity o... |
Bharati shipyard revival plan unveiled （2015-09-04）
Edelweiss Asset Reconstruction Company (ARC) has revealed its priorities for reviving India’s Bharati Shipyard, which is looking to complete 21 orders over the next 18 months. Edelweiss ARC has taken more than 70% of the shipyard’s INR50 billion (USD800 million) debt, partly drawn by the ailing ship... |
Mipo wins triple vessel order （2015-09-04）
South Korea’s Hyundai Mipo shipyard has been contracted to build three gas carriers by a returning customer. Piraeus-based Eletson Corp has returned to Hyundai for two LPG carriers and an LEG carrier, with deliveries scheduled for 2017. Each of the LPG tankers has a capacity of 38,000 cbm. The 12,00... |
DSME wins VLCC quartet （2015-09-04）
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a new order for four VLCCs from a South Korean shipowner. The 300,000 dwt ships have been ordered by Sinokor Merchant Marine with delivery due between the second quarter of 2017 and the second quarter of 2018. This late... |
KSS Line seals 7-year charter with Gyxis （2015-09-04）
KSS Line has secured a seven-year charter contract with Japanese LPG trading outfit Gyxis Corporation. The KRW165 billion (USD138.63 million) contract starts in July 2017, the South Korean LPG and chemical shipping specialist said on 4 September. To service the contract, KSS Line has ordered an 84,0... |
Arbitration dismisses claim against COSCO Corp （2015-09-04）
COSCO Corporation has been cleared from making additional payments to Dalian Deepwater Developer over a cancelled drillship order, says the shipbuilder. On 4 September, COSCO Corporation said a London arbitral tribunal had ruled it is not liable to further claims over the USD500 million order, which... |
Kawasaki wins Supramax order （2015-07-30）
Japanese shipbuilder Kawasaki Heavy Industries has won an order for a Supramax bulker from returning Taiwanese shipowner Wisdom Marine. The 55,000 dwt newbuild will have an overall length of 189.9 m, beam of 32.26 m, and depth of 17.9 m. Delivery is scheduled from Kawasaki’s Kobe yard in February 20... |
Scorpio continues buying spree （2015-07-30）
NYSE-listed Scorpio Tankers has finalised more newbuildings orders as it reports second-quarter results that exceeded analysts' forecasts. From Hyundai Mipo, the Emmanuele Lauro-led company has ordered two MR product tankers, each priced at USD34.5 million, and two Handymax product tankers, each pri... |
Sembcorp Marine's Q2 profit slips 17% （2015-07-30）
Sembcorp Marine's second-quarter net profit sagged 17% year on year to SGD109 million (USD80 million) as revenues sank at its rig-building unit. The rig-building unit’s turnover dropped to SGD622.6 million for the quarter, down from SGD873.6 million in the same period last year, the Singapore-based ... |
South Korea's 'Big 3' shipbuilders see red in Q2 （2015-07-30）
Hyundai Heavy Industries (HHI), Samsung HI (SHI), and Daewoo Shipbuilding & Marine Engineering (DSME) have all posted second-quarter losses. Known as Korea's 'Big three' shipbuilders, the trio revealed results on 29 July in line with analysts' expectations they would all post shortfalls. HHI's loss ... |
Boa Offshore terminates two shipbuilding contracts （2015-07-30）
Boa Offshore group subsidiary Boa PSV AS has cancelled shipbuilding contracts for two multipurpose PSVs with Nantong Mingde Heavy Industry. The Norwegian company has scrapped the orders after going to arbitration over the ships' delayed delivery. “The cancellation notice further claims repayment of ... |
Hyundai HI seeks to freeze wages as tough market b （2015-07-30）
Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder, has asked its labour union to accept a wage freeze this year, in anticipation of lower revenue amid tough market conditions. The proposal was put forth by the shipbuilder’s management during wage negotiations with HHI’s labour union on... |
'K' Line-Chandris JV fixes out two LNG carriers to （2015-07-30）
A LNG shipping joint venture (JV) between Japan’s ‘K’ Line and Greece’s Chandris (Hellas) has fixed out two LNG carriers to BP. The two ships, which are under construction at Daewoo Shipbuilding & Marine Engineering (DSME), would be delivered by 2018. BP intends to use the 173,400-m³ ships to transp... |
KDB must be responsible for DSME's situation （2015-07-30）
A member of South Korea's Parliament has called on state-owned policy bank Korea Development Bank (KDB) to take responsibility for Daewoo Shipbuilding & Marine Engineering's (DSME's) predicament. DSME, South Korea's third-biggest shipbuilder, is in financial turmoil after it was discovered that as m... |
GSI ink CSDC tanker quartet （2015-07-06）
China’s Guangzhou Shipyard International has been contracted by compatriot ship owners to construct four LR2 tankers. Ordered by Shanghai based China Shipping Development company (CSDC), the 114,000 dwt crude/oil products tankers were booked at a total price of USD199 million. Delivery is expected t... |
Havyard wins subsea vessel order （2015-07-06）
Norwegian Havyard Group has signed contracts for the design and construction of a subsea vessel. The shipbuilders latest design, a Havyard 858 L WE is building for an International shipowner with delivery programmed for Q2 2017. The vessel, which has a length of 121 m and breadth of 24 m, will perfo... |
TUI Cruises orders two more ships at Meyer Turku （2015-07-06）
TUI Cruises, which is a joint venture between the German tour operating company TUI and Royal Caribbean Cruises, Ltd (RCCL), which is the world's second largest cruise shipping company, says it has ordered two ships at Meyer Turku Shipyard in Finland. "TUI Cruises GmbH and Meyer Turku Oy signed an a... |