China Minsheng orders 4+4 BCs [Shipbuilding]
China Minsheng Trust, a Chinese trust and investment management company, has recently ordered the first ever newbuild since its establishment. According to industrial source and foreign media outlet, China Minsheng booked 4+4 82,000 dwt bulker...
2020-09-23 08:56:54
Percentage of idled ships hits highest level in 5 years [Market Information]
It turned out that the portion of vessels docked or moored in the global crude oil tanker fleet was 7% in August. The figure hits the highest level in the past five years. According to Clarksons Research, the average rate for crude oil carrier...
2020-09-23 08:55:33
Percentage of idled tankers hits highest level in 5 years [Shipbuilding]
It turned out that the portion of vessels docked or moored in the global crude oil tanker fleet was 7% in August. The figure hits the highest level in the past five years. According to Clarksons Research, the average rate for crude oil carrier...
2020-09-23 08:54:51
FSG taken over by Tennor Holding [Finance]
More than 350 employees under Germany’s Flensburger Schiffbau-Gesellschaft (FSG) and business assets of its shipyard have been acquired by several companies belonging to Tennor Holding, an investment company. According to industry sources an...
2020-09-23 08:53:06
KR opens LNG bunkering simulation center [Shipping]
The Korean Register of Shipping (KR) recently announced that it has established LNG Fueled & Bunkering Simulation Center (KR LSC) and had an opening ceremony on September 15. Following the opening ceremony, Korean classification society ha...
2020-09-23 08:52:07
OSM to acquire SeaTeam from Frontline&Golden Ocean [Finance]
OSM Maritime (OSM) announced on September 21 that it is in final negotiations to acquire SeaTeam Management (SeaTeam) from Frontline Ltd (Frontline) and Golden Ocean Group Limited (Golden Ocean). The acquisition, which is subject to definitive do...
2020-09-22 09:47:34
Austal Australia delivers 7th Guardian-class vessel [Shipbuilding]
Austal Limited (Austal) (ASX: ASB) announced on September 18 that Austal Australia has delivered the seventh Guardian-class Patrol Boat (GCPB) to the Australian Department of Defence. The vessel, PSS President H.I. Remeliik II, was today gifte...
2020-09-22 09:38:33
CIMC Raffles launches cargo vessel [Shipbuilding]
CIMC Raffles announced on September 17 that launching ceremony for Antarctic Provider project was held on CIMC Raffles Yantai base. The project is built by CIMC Raffles Offshore Ltd. for Norway Aker BioMarine company.  Antarctic Provider ...
2020-09-22 09:34:43
Damen to launch new dredger for Hanson [Shipbuilding]
Damen Shipyards Group announced on September 11 that it has launched a Marine Aggregate Dredger (MAD) 3500 at its Galati yard in Romania. Damen is building the MAD for UK-based Hanson. The company will use the vessel to conduct offshore aggregate...
2020-09-22 09:31:42
Schottel building new service center in Russia [Equipment]
SCHOTTEL lately announced that a new service center is planned for Saint Petersburg to further strengthen OOO SCHOTTEL’s sound market position in Russia. In fact, the Board of Management of the German propulsion specialist has already approved ...
2020-09-22 09:29:17
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