Category archives for: Headlines

The Girls Who Found Themselves at Sea…

The Girls Who Found Themselves at Sea…

For most of us, the image that springs to mind when we picture an officer on an offshore pipelay or support vessel is not that of a 20-something woman. Well, the marine industry has traditionally been rather a male bastion, but there are many female officers too – and the numbers are getting larger every […]

Navig8 Adds Two More Tankers to Its Orderbook

Navig8 Adds Two More Tankers to Its Orderbook

Navig8 Chemical Tankers Inc has signed shipbuilding contracts for the construction of two 25,000 dwt IMO2 eco-design Stainless Steel Chemical Tankers to be built at Fukuoka Shipbuilding. The newbuildings are set for delivery in 2017. “We are experiencing robust growth for chemical tanker demand, in particular for long haul cargoes. We anticipate an acceleration of […]

Scorpio Buys Five and Charters Seven Vessels

Scorpio Buys Five and Charters Seven Vessels

Scorpio Bulkers Inc. has entered into agreements to purchase four Capesize dry bulk vessels currently under construction at Daehan Shipbuilding Co., Ltd. in South Korea and to construct an additional Capesize dry bulk vessel at Sungdong Shipbuilding & Marine Engineering Co., Ltd. The transaction concerning the four Daehan vessels remains subject to customary closing conditions. […]

Conti Reederei Orders More from Jiangsu Hantong

Conti Reederei Orders More from Jiangsu Hantong

German ship-owner Conti Reederei has placed an order for four 63,800dwt bulkers with options for eight more with Jiangsu Hantong Shipbuilding & Heavy Industry, SinoShip news portal reports. The vessels from the firm order are scheduled for delivery in the second half of 2015. The price of the contract was not disclosed. The newbuildings will […]

MHI Faces $585 mln Loss Due to Construction Delays

MHI Faces $585 mln Loss Due to Construction Delays

Mitsubishi Heavy Industries, Ltd. (MHI) has decided to book an extraordinary loss of approximately $585 million from its cruise ship business in the company’s consolidated financial results for fiscal year (FY) 2013 (ending March 31, 2014). In November 2011 MHI received an order for two large-sized cruise ships for the AIDA Cruises brand. Based on its […]

Top News of the Week March 17 – 22, 2014

Top News of the Week March 17 – 22, 2014

Hyundai Together Takes Off with World’s Largest Boxship Propeller The world’s largest container ship propeller was loaded onto the Hyundai Together at the HHLA Container Terminal Altenwerder on Saturday. DSME to Build 1st ARC7 Ice-Class Tanker for Yamal Russia’s state-owned shipping company Sovcomflot has placed its first order for a $316 million worth liquefied natural […]

Damen Lands $224 mln Deal in the Bahamas

Damen Lands $224 mln Deal in the Bahamas

The Government of Bahamas has placed an order for nine new vessels to be built by Dutch shipbuilding group, Damen Shipyards. Under the contract, signed on March 18th, Damen will deliver four Stan Patrol 4207 vessels; four Stan Patrol 3007 vessels; nine Rigid Inflatable boats and one Damen Roll-on Roll-off Landing Craft. Commenting the order, […]

COSCO Places $312 mln Worth Newbuilding Order

COSCO Places $312 mln Worth Newbuilding Order

Prosperity Investment 2011 Limited, a wholly-owned unit of China COSCO Holdings Company, has signed an agreement with Tianjin Xingang Shipbuilding for the construction of eight bulk carriers. According to media reports, COSCO will allocate USD 312 million for four 40,000 dwt (worth USD 99.2 million) and four 180,000 dwt (worth USD 212.8 million) bulkers. Delivery […]

Navig8 Raises Cash to Order Additional VLCCs

Navig8 Raises Cash to Order Additional VLCCs

Navig8 Crude Tankers Inc has concluded secondary private placement and raisedUSD 245 million at a subscription price of USD 13.50 per share. The Private Placement money will be used to boost VLCC orderbook with six (6) additional newbuild orders as well as the existing eight (8) VLCC newbuilds already ordered by the company at Hyundai […]

STX France Bags Two Cruise Ships

STX France Bags Two Cruise Ships

MSC Cruises and STX France today signed a letter of intent (LOI) for the construction of two new cruise ships with an option for two more. The first two cruise ships are due for delivery respectively in 2017 and 2019. The ships will be 1033 feet long and 141 feet wide, with a gross tonnage of […]

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