Category archives for: Featured

India Readying for LNG Carriers

India Readying for LNG Carriers

India’s plans to restructure its shipbuilding sector by venturing into construction of more complex ships will see an investment into Cochin yard worth USD 442 million (Rs 1,200 crore).  The investment will be assigned for building a dry-dock for LNG ship construction, according to India’s shipping minister Nitin Gadkari. Indian shipbuilders still lag behind their competitors in […]

Brightest STAR in Yachting Sky

Brightest STAR in Yachting Sky

Lobanov Design and BMT Nigel Gee have presented an avant-garde yacht design named Project STAR. Measuring 132m in length and over 60m in height, STAR’s technical development features a symmetrically fore and aft double ended hullform, with all-electric architecture and fully azimuthing propulsion. Coupled with a dynamic positioning system, STAR would rotate within her own length to […]

Port Owners and Operators Overwhelmingly Optimistic

Port Owners and Operators Overwhelmingly Optimistic

The latest Barometer Report from Trelleborg, which discusses the issues impacting ports and terminals around the globe, has revealed the most optimistic outlook on investment since the annual industry survey began in 2010. 93% of port owners and operators are expecting capital expenditure budgets to increase over the next twelve months and 88% are expecting operational […]

DSME Bags VLGC Duo

DSME Bags VLGC Duo

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured orders for two 84,000-cubic-meter very large gas carriers (VLGCs) from an Asian client.  The price tag of the two vessels, to be built at Okpo yard, stands at a total of USD 160 million. The delivery of the vessels is slated for 2017.  DSME has […]

Scorpio Rejuvenates Tanker Fleet

Scorpio Rejuvenates Tanker Fleet

Scorpio Tankers Inc., a global provider of marine transportation for petroleum products,  announced today that it has added seven newbuilding vessels to its fleet, all recently delivered. The deliveries are as follows: STI Madison and STI Park, LR2 product tankers, were delivered from Hyundai Samho Heavy Industries in September 2014. Upon delivery, each vessel began […]

Russia Turns to Domestic Shipbuilding

Russia Turns to Domestic Shipbuilding

Russia plans to boost its shipbuilding capability by creating a shipbuilding cluster for construction of vessels and marine equipment that will attract foreign investments. According to the Russian Government’s decree On the development of shipbuilding in Russian Far East, issued last week, the cluster will be established on the basis of Far Eastern Shipbuilding and Ship Repair Center […]

Canada’s Energy Sector Looking towards Asian Markets

Canada’s Energy Sector Looking towards Asian Markets

The latest HSBC Global Connections Trade Forecast – which focusses on trends in Canada’s energy sector – advises that global economic activity is expected to strengthen over the coming year, and increased momentum in the US and China should lift Canada’s exports in the short run. In the longer term, Canada’s ability to access fast-growing […]

Image of the Day: GDI’s Dukhan Standing Tall

Image of the Day: GDI’s Dukhan Standing Tall

The image depicts jack-up rig Dukhan, delivered last month to Gulf Drilling International Ltd. (GDI) of Qatar by its builder Keppel FELS Limited, a wholly owned subsidiary of Keppel Offshore & Marine. Keppel FELS has secured a contract from GDI to build a repeat high-specification KFELS B Class jackup rig worth US$227 million. As part […]

Volumes Sliding at Long Beach Port

Volumes Sliding at Long Beach Port

Container cargo shipments declined by 9.1 percent in August at the Port of Long Beach, reflecting both early shipping by importers this year and the comparison to an August last year that was the Port’s busiest month since 2007. A total of 573,083 TEUs (twenty-foot equivalent units) were moved through the Port in August. Imports […]

Greathorse Chemical Secures Major Cash Injection

Greathorse Chemical Secures Major Cash Injection

Standard Chartered Private Equity (SCPE) and Tiger Group Investments are going to invest USD 95 million in Shanghai-based Greathorse Chemical, an owner and operator of modern small to mid-sized chemical tanker vessels. Other unnamed financial investors are investing an additional USD 65m in Greathorse Chemical. The company plans to use the proceeds from this investment […]

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