Category archives for: Headlines

Universal Marine Orders Four Boxships

Universal Marine Orders Four Boxships

Dutch shipper Universal Marine has placed an order, its biggest yet, for four 2,350 TEU containerships to be built at Sainty Marine Corp. Ltd. The construction of the vessels will begin in 2015, with deliveries scheduled to start from 2016. The total value of the contract is estimated at $166 million. During March, Sainty Marine has […]

German Shippers Get $1.12 Bln Loan

German Shippers Get $1.12 Bln Loan

State-owned Export-Import Bank of China (EximBank) and two German shipping giants, Peter Dohle Shiffahrts-KG and Bernhard Schulte have signed a $1.12 billion loan facility for the purchase of Chinese-built ships, reported Xinhua news agency. The deal was signed last Friday during the Chinese President Xi Jinping’s state visit to Germany (March 28 – 30 2014). With […]

Bumi Armada in $2.9 Bln Deal with Eni Angola

Bumi Armada in $2.9 Bln Deal with Eni Angola

Bumi Armada, the largest owner and operator of offshore support vessels in Malaysia has received a Letter of Intent (LOI) from Eni Angola S.p.A. for the chartering, operation and maintenance of a floating production, storage and offloading vessel (FPSO). Eni Angola has stated its intention to award the contract to a consortium of Bumi Armada Offshore […]

Top News of the Week March 24-29, 2014

Top News of the Week March 24-29, 2014

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). Damen Lands $224 mln Deal in the Bahamas The Government of […]

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 […]

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