Category archives for: Headlines

DSME Adds Four VLCCs to Its Orderbook

DSME Adds Four VLCCs to Its Orderbook

South Korean Shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for four very large crude carriers (VLCCs) from Greek shipowner John Angelicoussis, DSME informed.   The deal is worth USD 400 million, around 98 mln per vessel, and has been inked with Maran Tankers Management, part of Angelicoussis Group. Under the deal, […]

Guangzhou Shipyard Scores VLOC Quartet Order

Guangzhou Shipyard Scores VLOC Quartet Order

Guangzhou Shipyard International (GSI) has secured an order from Australian miner Fortescue Metals Group to construct four 250,000 dwt very large ore carriers (VLOCs).   Fortescue said earlier this month that it had launched talks for the construction of four highly efficient VLOCs. These ships are expected to be delivered in late 2017 and early […]

20 Migrants Drown off Libya

20 Migrants Drown off Libya

Over twenty migrants have died, with dozens more still missing after their makeshift boat sank off Libya, the Libyan Navy reported.   “A navy patrol on Monday rescued 22 clandestine migrants who were clinging to debris from their boat,” spokesman Colonel Ayoub Kassem told AFP. Surviving migrants reported around 150 people had been crammed aboard […]

Interview: Sohar’s Expansion Goes Full Steam Ahead

Interview: Sohar’s Expansion Goes Full Steam Ahead

SOHAR Port and Freezone, a deep-sea port and the adjacent free zone, located in Sohar, Oman, is undergoing a major expansion and has set very ambitious goals on a global scale, all with the goal of attracting major shipping players to the port.   The Port has invested USD 15 billion in building up its infrastructure […]

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 […]

Costa Concordia Safely Reaches Genoa

Costa Concordia Safely Reaches Genoa

After little more than four days of navigation Costa Concordia has entered the Port of Genoa.   In the final stages of the journey the convoy travelled at a speed of about 1 knot per hour. That speed was further reduced to allow the arrival in the port, as expected, during the night between Saturday and Sunday, […]

Capital Product Orders Big

Capital Product Orders Big

Capital Product Partners L.P. has entered into a Master Vessel Acquisition Agreement with its sponsor Capital Maritime for three newbuild Daewoo 9,160 TEU eco-flex containerships at USD 81.5m for each vessel, and two newbuild Samsung eco medium range product tankers at USD 33.5m each.   The three containerships and two product tankers are expected to be delivered to […]

Update: Slowly but Surely Concordia Convoy Pushes Ahead

Update: Slowly but Surely Concordia Convoy Pushes Ahead

After approximately 30 hours of navigation, the Concordia has travelled for 63 nautical miles at an average speed of 2 knots. At the moment, the convoy is located between Isola d’Elba and Corsica, the salvage team informed last night.   The sea was said to be calm, accompanied by a North/North East wind with a […]

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 […]

Update 1: And the Tow Begins

Update 1:  And the Tow Begins

The departure of Costa Concordia has begun and the wreck is being towed to Genoa at two knots. The four day journey began at around 11 a.m. this morning, the salvage team informed.   Preliminary activities for Costa Concordia’s departure maneuvers began at 6 am, this morning. The arrival in Genoa is planned at the […]

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