TOTE plans to launch Hawai’i Shipping Service [Shipping]
TOTE has recently announced its intention to establish a new domestic shipping service to Hawai’i. The company is working with Philly Shipyard to construct four new environmentally advanced containerships, custom built for the trade. This week ...
2017-08-22 07:42:25
Damen delivers FPSO Petrojarl 1 to Teekay [Offshore]
On August 18, Damen Shiprepair Rotterdam (DSR) has delivered the FPSO Petrojarl 1 to Teekay Offshore following a complete redeployment project taking place over the past 2 ½ years. The Petrojarl 1 has been operated by Teekay for 28 years in t...
2017-08-22 07:40:10
Oblique icebreaker breaks ice in the arctic [Shipbuilding]
Baltika, the world’s first icebreaker with an asymmetric hull that allows icebreaking in ahead and astern directions as well as sideways, has been in service in the Gulf of Ob for almost two years. The vessel, originally designed by Aker Arct...
2017-08-22 07:38:40
Fjord invests in one new catamaran ferry [Shipbuilding]
After three years of solid growth on the route between Kristiansand (Norway) and Hirtshals (Denmark), the Norwegian shipping company Fjord Line invests in a new high speed catamaran ferry. The investment will improve the Fjord Line offerings in r...
2017-08-22 07:36:16
Austal-Fjord discuss NB construction [Shipbuilding]
Austal Limited (ASX:ASB) is currently in discussions with Fjord Line AS, a commercial ferry company in Norway. Fjord Line has made a public statement concerning its purchase of a vessel to be built by Austal. Austal is negotiating the potentia...
2017-08-22 07:33:56
TEN expands alliance with a major US oil concern [Shipping]
On August 18, TEN, LTD., a leading crude, product and LNG tanker operator, announced the expansion of its long term strategic alliance with a major US oil concern.  Two suezmax vessels have been chartered for three years, bringing the rel...
2017-08-22 07:30:04
CSBC enters into new business [Shipbuilding]
Taiwanese state-run shipbuilder CSBC has decided to enter into renewable energy sector to expand its position in offshore industry while introducing two new 800-ton goliath cranes to raise productivity.  According to industry sources, CSB...
2017-08-22 07:27:12
SHI figures lowered for Q3 forecast [Finance]
A shipbuilding analyst speculated that Samsung Heavy Industries (SHI) would face lower performance with reduced order book.   “Revenue is getting fixed and reduction of orderbook is at a fast pace. SHI has $21bn of backlog at the end of ...
2017-08-22 07:26:21
Dae Sun begins car ferry modernization project [Shipbuilding]
Dae Sun Shipbuilding & Engineering has recently announced that the Korean shipbuilder held a steel cutting ceremony for the first vessel of 'coastal passenger ship modernization project' on August 16.  The car ferry, which was booked ...
2017-08-22 07:24:57
Ulsan expands scope of special shipbuilding guarantees [Finance]
The Ulsan Credit Guarantee Foundation of Korea announced on August 20 that it will expand the scope of its special guarantees for restructuring process in local shipbuilding business. After discussion with the Ministry of Small and Medium Ente...
2017-08-22 07:24:14
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