Thenamaris boosts tanker orders （2015-06-09）
Greek shipowner Thenamaris has boosted its existing orderbook by adding four tanker newbuildings at two Asian shipyards. It has contracted two LR2 products tankers at South Korea's Sungdong Shipbuilding & Marine Engineering, which will follow on from four ships of the same specification ordered last... |
NYK Stolt declares stainless steel tanker options （2015-06-09）
NYK Stolt Shipholdings has declared options for two stainless steel chemical tankers at Japanese shipyard Usuki. The 12,500 dwt ships are due to be delivered to the owner, which is a joint venture between NYK and Stolt Tankers, during the first half of 2017. The originally ordered pair were contract... |
Delphis adds box ships at HHIC （2015-06-09）
Belgian boxship owner and operator Delphis has extended an existing boxship order at Hanjin Heavy Industries & Construction (HHIC) in South Korea. Delphis originally ordered two 1,900 teu vessels in November 2014 and has now added a further two vessels of the same type. The latest ships are due for ... |
Damen seeking stake in Vietnam shipyard （2015-06-09）
Dutch shipbuilder Damen is looking to acquire a 49% stake in Vietnamese shipyard Ha Long, according to reports in Vietnamese state media and a press release by Ha Long’s parent company, the state-owned Shipbuilding Industry Corporation (SBIC). An official from Damen told IHS Jane’s that the company ... |
Scorpio Bulkers continues retreat （2015-06-09）
NYSE-listed Scorpio Bulkers has sold another five newbuilding contracts as it scrambles to reduce its exposure to depressed freight rates. The Emanuele Lauro-led dry bulk company announced the sale of three Capesize contracts and two LR product tanker newbuild contracts for a combined price of USD23... |
Liner shipping industry to remain under pressure （2015-06-09）
The unabated trend of ultra-large container ship (ULCS) orders means the liner shipping industry will remain under pressure, said Italian broker Banchero Costa. IHS Maritime's Sea-web.com data show that deliveries for 2015 are expected to total 250 ships of 1,860,583 teu. Of these, 69 are ULCSs, inc... |
Hyundai Mipo Dockyard far from meeting order targe （2015-06-09）
South Korean mid-tier shipbuilder Hyundai Mipo Dockyard's (HMD's) shares are expected to show weakness as it has a long way to go in meeting its 2015 order target. In a report following a visit to the Ulsan-based yard, Samsung Securities analyst Han Young-soo noted that the Hyundai Heavy Industries ... |
Vard launches new innovation project （2015-06-04）
Singapore-listed offshore vessels designer and shipbuilder, Vard Holdings has launched a new innovation project in ship design. The project, named ‘A step forward’, are design innovations developed with an emphasis on safety, user-friendliness, functionality, operability, cost optimisation, fuel eco... |
HHI wins Mexican VLGC （2015-06-04）
South Korean shipbuilder Hyundai HI has won a new order for a VLGC from Mexican energy provider Tomza. The 84,000 cbm capacity vessel is booked for delivery in March 2017 and is estimated to have been priced at USD 79 million. It will be built at HHI's Ulsan shipbuilding facility. The same owner con... |
Rolls-Royce debuts permanent-magnet azimuth thrust （2015-06-04）
Rolls-Royce unveiled at Nor-shipping on 3 June an azimuth thruster featuring permanent-magnet (PM) technology. The group’s PM technology portfolio includes tunnel thrusters and a newly developed winch. Sea trials to evaluate the new thruster’s energy-saving potential took place on board Trondheim-ba... |
Austal wins high-speed crew boat （2015-06-04）
Australian shipbuilder Austal has announced that it has won a new order from Caspian Marine Services of Azerbaijan for a fast crew boat. The 70 m-long vessel has been priced at USD34 million and will be capable of 30 kt and able to carry 150 passengers. The ship will be built at Austal’s Philippines... |
Jellicoe inks LR2 quartet （2015-06-04）
Daehan Shipbuilding of South Korea has won a new order for four Aframax products tankers from a Singapore-based owner. The 114,900 dwt, LR2 vessels have been contracted by Jellicoe Tankers Asia and are the first newbuildings contracted by this company. The ships are due for delivery from the fourth ... |
HHIC delays deliveries of Capesizes, box ship （2015-06-04）
South Korean shipbuilder Hanjin Heavy Industries & Construction (HHIC) will be deferring the delivery of two Capesize bulkers and one container ship. HHIC made the revelations in Korea Exchange filings on 2 June. The Capesizes, worth KRW 116.9 billion (USD105.6 million) and the container ship, worth... |
Tsuneishi to establish repair yard in Indonesia （2015-05-27）
Japanese shipbuilding group Tsuneishi Holdings Inc has said it will invest USD40 million in establishing a ship repair facility in Indonesia. Tsuneishi’s president and chairman, Yasuharu Fushimi, cited Indonesian president Joko Widodo’s bid to develop his country into a maritime nation as the reason... |
Aurora LPG to pay dividend and buy back shares aft （2015-05-27）
Aurora LPG, the Oslo-listed expanding VLGC owner, has reported a healthy profit for 1Q15 and vows to pay a dividend of USD0.10 per share for the quarter and buy back NOK75 million (USD10 million) worth of its own shares. Group net profit amounted to USD13.9 million in 1Q15 on revenues of USD21.7 mil... |
New STX O&S boss vows to realise recovery （2015-05-27）
The new CEO of South Korean shipbuilder STX Offshore & Shipbuilding (O&S) has pledged to rehabilitate the company. Lee Byung-mo, who has been elected as the new CEO after STX O&S’s former CEO Jung Sung-leep left to take up the reins at Daewoo Shipbuilding & Marine Engineering (DSME), gave his maiden... |
Court seizes Sainty Marine’s assets （2015-05-27）
The Wuhan Maritime Court has seized more of Shenzhen-listed Sainty Marine’s assets upon application by the Bank of Jiangsu. The company’s assets worth CNY120 million (USD19 million) had been frozen by the court, a stock filing of Sainty Marine stated on 27 May. The Bank of Jiangsu applied for the pr... |
Gener8 files for US IPO （2015-05-26）
Gener8 Maritime has registered for an initial public offering and New York Stock Exchange listing, seeking to attract investors during a period of surging spot rates. Gener8 was created through the merger of Navig8 Crude Tankers and Peter Georgiopoulos’ General Maritime, which closed on 7 May. A suc... |
Chinese firms to buy stake in Fortescue （2015-05-26）
Chinese companies Baosteel and CITIC are poised to buy a stake in the flagging Fortescue Metals Group, according to local media, with one IHS Maritime source also saying Fortescue ore ships on order were up for sale. Speculation has been mounting in recent days that buyers are circling iron ore juni... |
CNOOC overseas LNG base starts operation （2015-05-26）
China National Offshore Oil Corporation (CNOOC), the country's largest offshore oil producer, announced on 25 May that its first overseas LNG supply base has started operation. Located in Queensland, the Curtis LNG project is expected to secure an annual LNG supply of 3.6 million tonnes for China fo... |