Hyundai Samho Gets USD 280 Mn Orders for Two Ships
Posted On: 31-12-2019
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
Boxship Fully Operational After Allision with Shore Pier in Bosphorus
Posted On: 31-12-2019
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
Hyundai Heavy Industries Group Clinches Deals for Six New Ships
Posted On: 25-12-2019
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
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 Chemical..readmore
Unifeeder Takes Majority Stake in The Feedertech Group
Posted On: 19-12-2019
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
DFDS Adds Another Firm to Its Logistics Portfolio
Posted On: 19-12-2019
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
Norden Creates Targeted Decarbonization Role
Posted On: 15-12-2019
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
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
Kawasaki Delivers Bulker Amis Star to Wisdom Marine
Posted On: 11-12-2019
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
US: Firms Given Time to Wind Down Business with COSCO Unit
Posted On: 11-12-2019
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
Yamal LNG: All 15 Arc7 Ice-Class Tankers Delivered
Posted On: 10-12-2019
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
World’s 1st Liquefied Hydrogen Carrier Named in Japan
Posted On: 10-12-2019
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
DSME Nets Order for USD 380 Mn Trio
Posted On: 08-12-2019
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
Deltamarin, GTT Win AIP for Dual-Fuel Newcastlemax Design
Posted On: 08-12-2019
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
Wisdom Marine to Expand Fleet with Two More Bulkers
Posted On: 05-12-2019
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
Mitsubishi Shipbuilding Christens New Sayaringo STaGE LNG Carrier
Posted On: 05-12-2019
Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries, held a christening ceremony for the next-generation Sayaringo STaGE type LNG carrier on April 19. The vessel, which is under construction for Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line), was named Diamond Gas Sakura. It is the third Sayaringo STaGE unit for the two companies, featuring significantly imp..readmore
2020 Bulkers Ties Up Trio in Charter Deals with Kochi
Posted On: 05-12-2019
Norwegian shipowner 2020 Bulkers has reached time charter agreements for three of its vessels with Koch Supply & Trading, a subsidiary of Koch Industries. The company’s Bulk Sandefjord secured a 36-month charter at an index linked rate, reflecting a premium to the Baltic 5TC index. The deal also includes a profit sharing of any economic benefit derived from operating the vessel’s scrubber..readmore
Video: 14 Crew Rescued from Listing Cargo Ship in Greek Waters
Posted On: 05-12-2019
The Hellenic Coast Guard carried out a dramatic rescue operation on Wednesday, December 4, evacuating fourteen crew members of the Liberian-flagged general cargo vessel New Leo.The ship, loaded with steel, got into trouble while battling bad weather in the area between the Greek islands of Lesbos and Skyros in the Aegean Sea, the coast guard said. Namely, the vessel got stuck in the heavy sw..readmore
TT-Line Ferry with 217 Passengers Catches Fire off Germany
Posted On: 22-11-2019
A TT-Line ferry with 217 passengers on board caught fire while en route from Trelleborg, Sweden, to Travemünde, Germany. The fire broke out just before the Peter Pan arrived in Travemünde, in the afternoon hours of July 9. The company said the fire on the 44,245 GT vessel was caused by mechanical damage on one of the five diesel generators. The 51 crew of the Sweden-flagged ferry managed to brin..readmore
Russian Freighter Catches Fire off South Korea
Posted On: 21-11-2019
A freighter with 13 Russian crew aboard caught fire while transiting the Sea of Japan, near the South Korean Port of Pohang, on November 17. The fire outbreak on the 1991-built Silver Way was contained after several hours of efforts but no one was injured in the incident, according to a report by Russian news agency TASS. As reported, the fire was prevented from reaching the freighter’s cargo of..readmore
