Category archives for: Shipbuilding News

Eco-Ship Fund for Korean Shippers

Eco-Ship Fund for Korean Shippers

Korean shipping companies will benefit from an ‘eco-ship fund’ worth USD $976 million Korea Eximbank (Kexim) plans to launch so as to boost domestic shipping companies in switching to green technology.   The fund is expected to open for business this November, with the contribution from the South Korean state bank with 25% oand institutional […]

US Sanctions against USC Not Fatal, but Still a Headache

US Sanctions against USC Not Fatal, but Still a Headache

The U.S. sanctions against Russian state-owned naval designer and shipbuilder JSC United Shipbuilding Corporation (USC) will make life difficult for the company, especially with respect to financial transactions with payments in USD, according to the Corp. President Alexey Rakhmanov. However, the sanctions “are not fatal” for the USC, Rakhmanov told “Russia 24″ TV Channel, adding […]

Fincantieri Still in Carnival Fever

Fincantieri Still in Carnival Fever

Fincantieri and Princess Cruises, brand of US cruise group Carnival Corporation & plc. have reached an agreement to build a new cruiser ship for the company at an all-in cost for the shipowner of approximately 600 million euros (USD 804m).   The 143,000-ton ship, which will enter service in 2017, will carry 3,560 passengers (lower […]

Mitsui Lines ISO Certified

Mitsui Lines ISO Certified

MOL Ship Management Co., Ltd., has obtained certifications from Nihon Kaiji Kyokai (NK), for Energy Management Systems (ISO50001) and Environmental Management Systems (ISO14001).   NK Executive Vice President Koichi Fujiwara presented the certificates to Molship President Kazunori Furukawa in July 29 ceremony at NK headquarters. Molship’s certifications, which cover ship management of dry bulkers, car carriers, and […]

Strong First Half for Navios

Strong First Half for Navios

Navios Maritime Partners L.P., an international owner and operator of drybulk and container vessels, has had a strong financial performance according to its financial results for the second quarter ended June 30, 2014.   Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, said: “We achieved EBITDA of USD 54.2 million and net income of USD […]

RS Turns to Baku Shipyard for Newbuilds

RS Turns to Baku Shipyard for Newbuilds

Russian Maritime Register of Shipping (RS) has signed a contract with Baku Shipyard LLC for the construction of three 38М high speed crew boats (designer – SHIPTECH, Singapore) for Azerbaijan State Caspian Sea Shipping Company. Construction is set to begin in August 2014 and the boats should be delivered to the customer by May 2016. […]

GTT Technology to Feature on Yamal LNGC Newbuilds

GTT Technology to Feature on Yamal LNGC Newbuilds

GTT (Gaztransport & Technigaz) has disclosed the order of nine Liquefied Natural Gas Carriers (LNGC) which will be built by the Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).   Six new ships will be owned jointly by TEEKAY & CLNG and the three others will be owned jointly by MOL & CSLNG. These large vessels […]

Star Bulk Welcomes First Green Capesize

Star Bulk Welcomes First Green Capesize

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, has taken delivery of M/V Peloreus, a 182,000 dwt Capesize built by Japan Marine United (JMU).   The vessel is the first of six similar vessels ordered at JMU, with expected deliveries until the 3rd quarter of 2015. Following […]

Readers’ Picks of the Week (July 21- 25, 2014)

Readers’ Picks of the Week (July 21- 25, 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 …Read more Dockwise Vanguard to Transport Costa Concordia Wreck? Dockwise Vanguard may be the solution for the transportation of Costa Concordia wreck to the scrapyard, since the […]

JES Blacklisted

JES Blacklisted

The Supreme People’s Court of China has blacklisted Jiangsu Eastern Heavy Industry (JEHI), a subsidiary of Singapore-listed JES International for failing to settle its debt obligations.   JEHI has yet to pay up RMB15m (USD 2.4m) stemming from 5 separate lawsuits filed between January and April 2014 by various equipment suppliers, Seatrade Global reports. The Supreme Court has put JEHI on […]

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