MHI wins JX Ocean LPG order （2015-04-15）
Japanese shipbuilder Mitsubishi Heavy Industries has won an order for an LPG carrier from returning compatriot shipowner JX Ocean, which will be built at its Nagasaki shipyard. The 83,000m³ vessel will have an overall length of 230m, beam of 36.6m, depth of 21.65m and is scheduled for delivery in Ju... |
Evergreen launches new ship for Asia Pacific–Red S （2015-04-15）
Taiwanese carrier Evergreen Marine Corp introduced a new vessel for its Asia Pacific–Red Sea service on 14 April, replacing an older vessel. The 8,508 teu Ever Lyric was built by CSBC Corporation in Taiwan. Ever Lyric is the eighth of Evergreen’s L-type vessels. The application of a new energy-savin... |
Bumi Armada secures USD300 mil. FSU contract in Ma （2015-04-15）
Singapore-listed offshore services provider Bumi Armada has secured a contract worth USD300 million to supply, operate, and maintain an LNG floating storage unit (FSU) in Malta. The contract was signed by Bumi Armada’s wholly owned subsidiaries Armada Floating Gas Storage Malta (AFG Storage) and Arm... |
Japanese group seals Petrobras FPSO contract （2015-04-15）
A consortium comprising Japanese companies MODEC, Mitsui, Mitsui OSK Lines (MOL), and Marubeni plan to convert a ship into a floating production, storage, and offloading vessel (FPSO). Upon completion in 4Q17, the FPSO will be chartered to Brazilian oil company Petrobras, which will deploy the vesse... |
Vyborg wins multipurpose ice pair （2015-04-15）
Russian shipbuilder Vyborg, part of state-owned United Shipbuilding, has won an order for two diesel-electric multipurpose icebreakers from compatriot energy company Gazprom. The two 22 MW vessels are scheduled for delivery before 2018. They will operate at the arctic terminal of the Novoportovskoye... |
Chinese yards’ new orders down 76.8% in 1Q （2015-04-15）
Chinese shipyards’ new orders slumped 76.8% year on year to 6 million dwt in the first three months of 2015, a statement of the Ministry of Industry and Information Technology said on 14 April. Orders fell by 2.5% to 144.9 million dwt at the end of March. Newbuildings for exports accounted for 95.7%... |
Vard incorporates new subsidiary in Norway （2015-04-15）
Singapore-listed offshore vessel-builder Vard Holdings has incorporated a new subsidiary, Vard Contracting, in Norway for a paid-up capital of NOK3 million (USD0.37 million). According to Vard Holdings’ filing in the Singapore stock exchange, Vard Contracting is 100% owned by Vard Group, which is a ... |
Jinling Shipyard secures Anji PCTC pair （2015-04-14）
Chinese shipbuilder Jinling Shipyard, a subsidiary of Sinotrans & CSC, has secured an order for two pure car/truck carriers (PCTCs) for returning compatriot owner Anji Automotive Logistics. The two 3,800 car capacity vessels are scheduled for delivery in 2017. The owner already has two 2,200 ceu ves... |
Chevron requests change to Rosebank FPSO （2015-04-14）
US oil major Chevron has requested an alteration to the Rosebank FPSO under construction at Hyundai Heavy Industries (HHI). This was confirmed by HHI, the world’s biggest shipbuilder, in a Korea Exchange filing on 10 April. HHI clinched the Rosebank FPSO order in April 2013. It was due to be ready o... |
U-Ming Marine gets a new bulk carrier （2015-04-14）
Taiwanese bulk carrier U-Ming Marine announced on 8 April that it has taken delivery of an 85,000 dwt post-Panamax bulk carrier to continue its fleet expansion programme. The ship, named Cemtex Honor, was built by Japanese Oshima Shipbuilding, and is the third of the 85,000 dwt post-Panamax series b... |
Analyst: SHI needs to win offshore orders （2015-04-13）
The lack of offshore orders would hurt Samsung Heavy Industries' (SHI's) earnings as South Korea's second-biggest shipbuilder is unlikely to hit its 2015 order target, said an analyst. In the first quarter of 2015, SHI has clinched USD2.3 billion worth of orders, amounting to 15% of its 2015 order t... |
Jinhai HI raises USD24 mil. （2015-04-12）
Jinhai Heavy Industry (Jinhai HI) has raised CNY152 million (USD24 million) in a sale-and-lease-back deal over its shipbuilding equipment. Jinhai HI has leased back the equipment with a term of three years at an interest rate of 8.45% per year, according to a stock filing of Shenzhen-listed Bohai Le... |
BW LPG buys four VLGC newbuilding contracts （2015-04-12）
BW LPG, the Oslo-listed VLGC owner in the Singapore-based BW Maritime group, has announced it has acquired contracts for four VLGCs to be built at Daewoo Shipbuilding and Marine Engineering (DSME). “Previously reserved [by DSME’s existing client], these vessels are to be delivered in 3Q16 and 4Q16,”... |
Samsung HI secures Cardiff aframax quartet （2015-04-12）
South Korean shipbuilder Samsung Heavy Industries (Samsung HI) has secured an order for four ice-class aframax tankers from returning Greek shipowner Cardiff Marine. The 115,000 dwt tankers will come under the management of Cardiff’s tanker arm TMS Tankers. Delivery is scheduled for 2H 2016 and 1H 2... |
'K' Line sells six box ships （2015-04-12）
Kawasaki Kisen Kaisha (‘K’ Line) has sold six container ships as it prepares to take delivery of 10 14,000 teu ships. Japan’s third-biggest shipping company told IHS Maritime that since the end of 2014 to March 2015, it has sold Victoria Bridge, Valencia Bridge, Virginia Bridge, Verrazano Bridge, Vi... |
Shipbroker predicts VLGC glut due to oil shock （2015-04-10）
The very large gas carrier [VLGC] segment could be hit by an oversupply of tonnage to transport liquefied petroleum gas (LPG). Output of LPG, a by-product of oil and natural gas production, is being reduced as the world oil price-drop has caused oil companies to cut back on exploration and productio... |
UOBKayHian puts "hold" for Ezra stock prices （2015-04-10）
Singapore-listed offshore services provider Ezra Holdings was given a “hold” status by brokerage firm UOBKayHian based on its weak earnings for the second quarter of 2015. The Singapore-based brokerage house has set a target price of SGD0.54 (USD0.40) per share for Ezra, while the company stock curr... |
GSI wins research vessel order （2015-04-10）
Chinese shipbuilder Guangzhou Shipyard International (GSI) has won an order for a research survey vessel from Xiamen University, Fujian province. The 3,500 gt vessel will have an overall length of 77.7 m, beam of 16.24 m, and draught of 5.2 m. Sources say that the order was placed a few days ago and... |
Daewoo bags Angelicoussis options （2015-04-10）
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has secured two further VLCC tankers orders, after Angelicoussis-led Maran Tankers exercises options on an original order placed back in January 2015. The 319,000 dwt very large crude carriers cost in the region of USD97 million each, wit... |
Wärtsilä venture delivers first China-specific gen （2015-04-10）
Wärtsilä Qiyao Diesel Company (WQDC), Wärtsilä’s joint venture in Shanghai, has reported delivery of its first Auxpac 16 gensets to the Chinese market. The sets will be installed in a series of bulk carriers being built by Guoyu Shipyard for Singapore shipowner Pioneer. The Auxpac 16, a medium-speed... |