NORDEN orders newbuilds at NACKS [Shipbuilding]
NORDEN announced on June 29 that it has entered into a newbuilding contract with Nantong Cosco Khi Ship Engineering Co. (“NACKS”) for 4 x 61,000 dwt dry cargo “Ultramax” ships, expected to deliver during 2022. NORDEN CEO Jan Rindbo not...
2020-07-01 09:37:42
Transborders & SBM sign FLNG solution deal [Offshore]
Transborders Energy (Transborders) announced on June 29 that it has entered into a FLNG Solution Partnership Agreement with Single Buoy Moorings Inc. (SBM Offshore) for co-pursuing the deployment of Transborders’ FLNG Solution on a range of str...
2020-07-01 09:31:20
Stena Line confirms construction of two ferries [Shipping]
In the middle of the ongoing pandemic, ferry company Stena Line announced on June 29 that it has confirmed that the construction of their two new larger E-Flexer ferries has begun in Weihai, China. The vessels were ordered in 2018 and the deliver...
2020-07-01 09:28:41
Norsepower inks new rotor sail deal [Equipment]
Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, and SEA-CARGO, leading logistics provider in the North Sea market, announced on June 29 that it has agreed to install two of Norsepower’s largest Rotor Sails ...
2020-07-01 09:25:19
Wärtsilä supplies equipment for boutique cruise ship [Equipment]
Wärtsilä announced on June 29 that a new generation of boutique cruise ships is set to emerge, with the luxury of a superyacht, the construction techniques and passenger experience of a cruise ship, and a close focus on the environment. These c...
2020-07-01 09:17:33
Artemis secures grants for green ferry project [Shipbuilding]
Artemis Technologies recently announced that a Belfast Maritime Consortium led by the company has won a £33 million UK Government innovation grant to develop zero emissions ferries in the city, that will revolutionise the future of maritime tran...
2020-07-01 09:15:28
Green inland vessel sails over Yangtze River [Shipping]
China's first hybrid inland ship began sailing along the Yangtze River, in line with the country's efforts to cut emissions in shipping industry.    The vessel uses LNG for main propulsion fuel and also is equipped with diesel-electr...
2020-07-01 09:12:28
Ningshing buys Zhoushan Penglai Shipyard [Finance]
China's state-owned Ningbo Ningshing Group turns out to have finished the restructuring of collapsed Zhoushan Penglai Shipyard and rebranded the yard as 'Ningshing Shipyard'. After Zhoushan Penglai Shipyard went bankrupt last year against a ...
2020-07-01 09:11:29
"Bearish trend continues in NB price" [Market Information]
The rebound trend of newbuilding price in global shipbuilding market is hardly be seen amid unfavourable factors including the Covid-19 outbreak.  Choi Kwang-sik, a researcher at Hi Investment & Securities, has recently noted, "Global...
2020-07-01 09:10:35
"Bearish trend continues in NB price" [Shipbuilding]
The rebound trend of newbuilding price in global shipbuilding market is hardly be seen amid unfavourable factors including the Covid-19 outbreak.  Choi Kwang-sik, a researcher at Hi Investment & Securities, has recently noted, "Global...
2020-07-01 09:09:53
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