Maritime News

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Asia Pacific Maritime (APM)

Posted On: 09-01-2020

Date: 18 – 20 March 2020 Venue: Marine Bay Sands, Halls A, B, C, D, E & F, Singapore Asia Pacific Maritime (APM) is the premier exhibition and conference in Asia showcasing a complete overview of the vessel sectors – services and solutions, technology, vessels equipment, machineries, supplies, and many more.With 15 editions of proven track record, APM gives you 3 day..readmore

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Hyundai Samho Wins LPG Carrier Gig as Parent Sets Targets for 2020

Posted On: 07-01-2020

Hyundai Samho Heavy Industries has secured a contract for the construction of two LPG carriers from an unnamed European client, the Korean shipbuilding company said in an exchange filing. Under the terms of the KRW 193.4 billion contract (USD 166 million), the duo is set for delivery by the end of April 2022. In a separate announcement, Hyundai Samho said that it had won a contract for the constru..readmore

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TOP Ships Sells Its Only Two MR1 Tankers

Posted On: 07-01-2020

Greek tanker owner and operator TOP Ships has disposed of its only two medium range 1 (MR1) product/chemical tankers. As informed, the ships, Eco Fleet and Eco Revolution, have been sold to unaffiliated third parties. The tankers are expected to be delivered to their new owners during January 2020, TOP Ships said. Each weighing 39,000 tons, Eco Fleet and Eco Revolution were built at Hyundai Vinash..readmore

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Oman Shipping Company Signs Its 1st Ijara Contract to Finance Two Ships

Posted On: 04-01-2020

Muscat-based Oman Shipping Company (OSC) has completed a USD 80 million Shariah-compliant “Ijara” transaction with Abu Dhabi Islamic Bank (ADIB). The financing facility represents OSC’s first Ijara asset finance transaction, according to Clyde & Co. Specifically, the facility would enable the shipping company to finance two very large crude carriers (VLCCs) and further support its expans..readmore

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Pilot Falls to Death while Boarding Maersk Kensington

Posted On: 04-01-2020

A Sandy Hook Harbor pilot fell while boarding the US-flagged containership Maersk Kensington in the early morning of December 30, 2019. The ship, part of Maersk Line’s fleet, arrived from Algeciras, Spain to the Port of New York and New Jersey when the incident occurred. Based on the initial reports, the veteran pilot fell from an accommodation later sustaining fatal injuries. The U.S. Coast..readmore

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Hyundai Samho Gets USD 280 Mn Orders for Two Ships

Posted On: 01-01-2020

Hyundai Samho Heavy Industries, part of South Korea’s Hyundai Heavy Industries (HHI) Group, has received two new orders that have a combined worth of KRW 323.7 billion (USD 280.2 million). Under the first deal, the shipbuilder will build a very large crude oil carrier (VLCC) for an undisclosed shipowner in Asia. The vessel is expected to be delivered by August 31, 2021, Hyundai Samho said in a..readmore

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Boxship Fully Operational After Allision with Shore Pier in Bosphorus

Posted On: 01-01-2020

Songa Iridium, a containership that ran aground in the Bosphorus Strait in Istanbul on December 27, is now fully operational following engine repairs and a damage assessment. This was confirmed by Germany-based shipmanager Nordic Hamburg Shipmanagement which added that the 2,007 TEU Sub Panamax vessel is expected to depart an Istanbul anchorage shortly. Due to a yet unknown technical issue to So..readmore

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Hyundai Heavy Industries Group Clinches Deals for Six New Ships

Posted On: 26-12-2019

Hyundai Heavy Industries (HHI) Group, the biggest shipbuilder in South Korea, has secured two new orders for a total of six vessels. On December 26, Hyundai Mipo Dockyard, a subsidiary of HHI Group, announced a construction contract for four 1,800 TEU containerships. The deal, signed with an undisclosed Asian company, is worth KRW 119.4 billion (USD 102.8 million). The ship quartet is slated ..readmore

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Navig8 Chemical Tankers Lifts Option for Chemical Tanker

Posted On: 26-12-2019

UK-based Navig8 Chemical Tankers Inc. has declared the option to purchase the 2015-built chemical tanker Navig8 Aquamarine, Oslo-listed shipowner Ocean Yield said. Following the delivery of the 37,000 dwt IMO II chemical tanker to Ocean Yield from its Korean shipbuilder Hyundai Mipo Dockyard in June 2015, the vessel started a 15 years “hell and high water” bareboat charter with Navig8 Chemic..readmore

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Unifeeder Takes Majority Stake in The Feedertech Group

Posted On: 20-12-2019

Short-sea operator Unifeeder has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator, the company announced. As informed, the remaining 23% shareholding in the group will be retained by the group’s Chairman, Ali Maghami. Established in 2003, the group operates two companies; Feedertech, which is a feedering service and Perma, a regional shortsea network...readmore

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DFDS Adds Another Firm to Its Logistics Portfolio

Posted On: 20-12-2019

In an effort to further expand its European logistics network, Danish ferry and logistics company DFDS has acquired 100% of the share capital of the Finnish logistics company Freeco Logistics. The transaction was closed on December 19, 2019, and Freeco Logistics will be consolidated in the DFDS Group. “Freeco Logistics is a fast-growing Finnish provider of transport services that brings critica..readmore

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Norden Creates Targeted Decarbonization Role

Posted On: 16-12-2019

Danish shipping company Dampskibsselskabet Norden A/S revealed plans to further intensify its efforts to drive the shipping industry towards a cleaner future and offer CO2 neutral transportation. Namely, the company has established a new, dedicated decarbonization position to drive Norden’s decarbonization efforts and meet the company’s ambitious emission reduction targets. The new role will a..readmore

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Global Ports Holding Commences Operations at Antigua Cruise Port

Posted On: 16-12-2019

Cruise port operator Global Ports Holding (GPH) is set to begin cruise port operations in Antigua following the signing of a concession agreement with the state government earlier this year. In February, GPH agreed the 30-year concession for cruise port operations in Antigua on an exclusive basis. “The addition of cruise port operations in Antigua and Bahamas to GPH’s portfolio augurs well ..readmore

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Kawasaki Delivers Bulker Amis Star to Wisdom Marine

Posted On: 12-12-2019

Taiwanese shipping company Wisdom Marine Lines has taken delivery of a newbuild 61,000 dwt bulker from China’s COSCO Shipping Heavy Industry (Dalian) shipyard. Delivery of Amis Star, as the bulker is named, was announced by Japanese shipbuilder Kawasaki Heavy Industries, who operates the Dalian yard jointly with China COSCO Shipping Corporation Limited (China COSCO Shipping). The 199.9-meter ves..readmore

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US: Firms Given Time to Wind Down Business with COSCO Unit

Posted On: 12-12-2019

The U.S. Treasury Department has issued an almost two-month waiver providing companies that deal with COSCO units time to wind down their transactions. The waiver, issues on October 24, allows “maintenance or wind down of transactions” and is valid until December 20. This includes offloading non-Iranian crude oil involving COSCO Shipping Tanker (Dalian) Co. Ltd, according to a notice from t..readmore

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Yamal LNG: All 15 Arc7 Ice-Class Tankers Delivered

Posted On: 11-12-2019

OAO Yamal LNG has announced the operational start of Yakov Gakkel, a new Arc7 icebreaking LNG carrier. As informed, the 172,410 cbm newbuild loaded the 354th LNG cargo in the port of Sabetta bound to China. Named at Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea in late March this year, Yakov Gakkel is the fifteenth and final Arc7 ice-class tanker built specifically..readmore

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World’s 1st Liquefied Hydrogen Carrier Named in Japan

Posted On: 11-12-2019

Japanese shipbuilder Kawasaki Heavy Industries has named Suiso Frontier, the world’s first liquefied hydrogen carrier, at its yard Kobe Works, the company said. This vessel, owned by CO2-free Hydrogen Energy Supply-chain Technology Research Association (HySTRA), is designed to transport large quantities of liquefied hydrogen at 1/800 of its original gas-state volume, cooled to –253°C, over lo..readmore

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DSME Nets Order for USD 380 Mn Trio

Posted On: 09-12-2019

South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for the construction of three new ships, worth an estimated USD 380 million. The ships include one 174,000 cbm LNG carrier set for delivery in the first quarter of 2022 and two very large crude carriers of 318,000 dwt, scheduled for completion in the second quarter of 2021. DSME did not disclose th..readmore

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Deltamarin, GTT Win AIP for Dual-Fuel Newcastlemax Design

Posted On: 09-12-2019

Classification society ABS has granted approval in principle (AIP) to Finnish ship designer Deltamarin and French engineering company GTT for a dual-fuel Newcastlemax bulk carrier design. The trio has been cooperating on the development of the LNG-fueled energy-efficient Newcastlemax bulker, which is intended to meet current and future environmental targets, by introducing GTT membrane type LNG ..readmore

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Wisdom Marine to Expand Fleet with Two More Bulkers

Posted On: 06-12-2019

Wisdom Marine’ Board of Directors has approved the purchase of two bulk carriers, the Taiwanese shipping company said in a regulatory filing. The approval relates to one 63,300 dwt bulk carrier to be ordered from Japanese shipbuilder Tsuineishi Group. The company has assigned USD 31 million for the acquisition. The second newbuild is a smaller bulker featuring 61,000 dwt and will be ord..readmore


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