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Shipbuilding
TMC Compressors Ordered for Star Cruises Newbuilds
Marine compressor supplier TMC Compressors said it has won a contract from shipbuilder MV WERFTEN to supply a complete compressed air system to two new cruise ships the German shipyard group is building for Genting Hong Kong’s Star Cruises. Under the contract, TMC will manufacture and deliver 4
Lenders Ramp up Pressure on 'Toxic' Shipping Debt
Financiers are set to take a tougher stance towards distressed shipping loans including more enforcement action to recoup funds, while capital on offer to the industry is expected to shrink further, a leading transport survey showed on Wednesday. The global shipping sector is reeling from a near-decade-long downturn,
China Launches New Class of Naval Destroyer
China's military on Wednesday launched a new type of domestically-built destroyer, state media said, the latest addition to the country's rapidly expanding navy. The 10,000-tonne warship was launched at the Jiangnan Shipyard in Shanghai, the official Xinhua news agency said, making it the first
Norwegian Joy Christened in Shanghai
Norwegian Cruise Line’s first custom-designed ship for the Chinese cruise market, Norwegian Joy, was christened in a ceremony held onboard the vessel in Shanghai that featured a performance by the ship’s Godfather, singer songwriter, music producer, actor and film director, Wang Leehom. At 167,725–gross-tons and accommodating 3,
New Australian Navy Vessel Arrives in Home Port
Completing her maiden voyage, the Damen Multi-role Aviation Training Vessel (MATV) MV Sycamore arrived in Sydney harbor early on Monday morning. The 94-meter-long vessel is now less than a month away from deployment as a versatile multi-role vessel and helicopter training platform for the Royal Australian Navy.
Korean Shipbuilding Parts Export to China Surge
China's imports of shipbuilding parts and equipment produced by South Korean firms surged this year, Yonhap reported. The report quoted Korea Trade-Investment Promotion Agency (KOTRA) saying that China's imports of South Korean shipbuilding parts and equipment reached US$28.3 million in the first four months of the year, sharply up 37.
Glosten Designs Hybrid Ferry for Kitsap Transit
Seattle-based naval architecture and marine engineering consultancy Glosten said it has completed the design of a new passenger-only hybrid ferry for Kitsap Transit, a public transportation agency based in Bremerton, Wash. The new hybrid electric 150-passenger ferry will be the first in Puget Sound,
Rolls-Royce & the Future Tech 'Reality'
Rolls-Royce. The words have been used by many to signify excellence – though not with the company’s permission, of course. Rolls-Royce Marine is taking a leading position in developing and introducing the systems and technologies needed for the running of a successful business in the maritime industry of the 21st century.
Dry Bulk, Tanker Newbuilds on the Rise -BIMCO
Tanker and dry bulk vessel newbuild contracts have been signed at an increasing pace so far in 2017, with newbuild activity for the first half of 2017 surpassing the same period last year by 20 percent. According to BIMCO, 5.9 million DWT was contracted in May 2017 and 3.1 million DWT so far in June 2017,
Woes Mount for ABG Shipyard
The Indian ministry of defence (MoD) has terminated the contracts with India's ABG Shipyard, which already was out of the race for $2.6-billion four Landing Platforms Docks (LPD). This comes as another serious setback to the Shipyard after it was listed as non-performing asset (NPA) accounts by
Hindustan Shipyard May Get $3.1bln Order
India's Hindustan Shipyard Limited (HSL) has received a proposal from United Shipbuilding Corporation of Russia for a strategic partnership, The Hindu reported. The report said that the Russian shipyard will be placing orders worth INR 200bln (USD 3.1bln) immediately. The move came up for
HMS Queen Elizabeth Sets Sail on Maiden Voyage
Britain's most advanced and biggest warship, 65,000-tonne aircraft carrier HMS Queen Elizabeth, set out on its maiden voyage on Monday from the Rosyth dockyard in eastern Scotland. The ship, which measures 280 metres and can move 500 miles a day, took 11 tugs to manoeuvre out into the River Forth
Austal Wins USD 584.2 million US Navy Contract
Australian shipbuilder Austal has won a $584.2 million contract to build a 14th Littoral Combat Ship for the US Navy, Reuters reported. The contract includes associated LCS class services and related material and integrated data environment support, as well as options for the construction of additional LCS,
New 11,000 TEU Ship Enters Service for Zim
The newly built 11,000 TEU vessel Cape Sounio owned by Costamare has been deployed on Zim’s Asia South America East Coast (ASE), the Israeli container shipping company said. The vessel embarked on its maiden voyage on from Pusan, South Korea, on May 4, on its regular route calling ports in Brazil,