Category archives for: Shipbuilding News

Demand for Ultra-Large Vessels Changes Course

Demand for Ultra-Large Vessels Changes Course

Demand for newbuild containerships has dwindled during the month of June, as European traffic demand began to increase, heralding a changing course in the industry.   The slowdown in growth of the orderbook, particularly amongst ultra-large vessels, marks a positive sign that improving demand could catch-up with the projected vessel supply by 2016, said Irish […]

Ten Jack-Ups for East Sunrise

Ten Jack-Ups for East Sunrise

Hong Kong-based East Sunrise Group revealed that it has ordered ten jack-up platforms from China Shipbuilding Industry Corporation (CSIC).   The newbuilds, worth around USD 1.6 billion, are scheduled for delivery within 18 months from the start of construction. The first platform is expected to join East Sunrise Group by early 2016, whereas the rest […]

Cash Injection for Scorpio Bulkers’ Newbuilds

Cash Injection for Scorpio Bulkers’ Newbuilds

Scorpio Bulkers Inc., has received a commitment for a USD 540 million loan facility to finance the ongoing newbuild projects.   The facility will be used to finance up to 55% of the contract price of six Ultramax, nine Kamsarmax, and nine Capesize vessels currently under construction for delivery in 2015 and 2016. As of July 22, 2014, […]

Ordering Frenzy at COSCO Shipyards

Ordering Frenzy at COSCO Shipyards

Singapore based COSCO Corporation Limited  has through its subsidiaries secured contracts valued at approximately USD 300 million to build one accommodation barge and seven bulk carriers.   COSCO (Zhoushan) Shipyard Co., Ltd., has received orders from an unnamed European company to build one DP3 accommodation barge scheduled for delivery in 3Q2016. The same shipyard also received orders […]

Ocean Yield Orders Ethylene Carrier Trio

Ocean Yield Orders Ethylene Carrier Trio

Ocean Yield ASA, the Oslo-based shipowner, has placed orders for three LEGCs (Liquefied Ethylene Gas Carriers) of 36,000 cbm capacity, to be built at Sinopacific Offshore & Engineering, China.   Each will be powered by a single MAN B&W ME-GI low-speed, dual-fuel engine. The engines will run on ethane, which ethylene carriers are also equipped […]

Cargotec Reverses MacGregor’s Separate Listing

Cargotec Reverses  MacGregor’s Separate Listing

Cargotec has decided to reverse earlier plans to separately list its MacGregor business, as said in a press release on Friday.   “Cargotec’s Board of Directors expects that shareholder value will be best created by fully focusing on the integration of newly acquired businesses into MacGregor and by delivering profitable growth within the new MacGregor […]

Readers’ Pick of the Week (July 14-18, 2014)

Readers’ Pick of the Week (July 14-18, 2014)

VIDEO: Float-On and Transport of Costa Concordia Onboard Dockwise Vanguard Following the successful parbuckling of Costa Concordia, and in anticipation of the pending refloat, Dockwise, a wholly-owned subsidiary of Royal Boskalis Westminster N.V., provides…Read more LPG Tanker Attacked by Pirates off Trinidad An LPG tanker has fallen victim to a pirate attack in the vicinity […]

Evergreen Names New Vessel

Evergreen Names New Vessel

Evergreen Group has held the naming ceremony for Ever Loading, the sixth of its L-type vessels to be built by CSBC Corporation in Taiwan.   The ceremony took place at CSBC’s Kaohsiung shipyard and was officiated by Mr. Bronson Hsieh, Evergreen Group’s Second Vice Chairman. The official rope-cutting of the new 8,508 TEU vessel was performed […]

Coal Carrier Soma Maru Delivered

Coal Carrier Soma Maru Delivered

Mitsui O.S.K. Lines, Ltd. said today that the coal carrier Soma Maru, which will serve Tohoku Electric Power Co., Inc., was delivered at Mizushima Shipyard of Sanoyas Shipbuilding Corporation on July 17, 2014.   The vessel, which was jointly developed by Sanoyas Shipyard and MOL, is a state-of-the-art coal carrier with its wide-beam/shallow-draft shape and […]

New Generation of Ships for Stealthgas

New Generation of Ships for Stealthgas

Stealthgas INC., a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, said yesterday that it has acquired four newbuilding LPG vessels as part of its fleet expansion program.   The additions to the fleet consist of two 22,000 cbm semi refrigerated eco LPG carriers scheduled to be delivered […]

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