China's first 'smart' ship embedded with a domestically-developed intelligent navigation system made its debut in Shanghai, according to official media Xinhua. China Daily also reported that the world's first smart ship, developed and built by China State Shipbuilding Corporation (CSSC)…
Sembcorp Marine announced that its wholly-owned subsidiary Sembcorp Marine Rigs & Floaters has signed a Letter of Intent (LOI) with Shell Offshore for the construction of the hull and topside as well as the integration of the Vito floating production unit (FPU)…
Mitsui O.S.K. Lines announced that MOL, Tohoku Electric Power Co and Namura Shipbuilding have jointly earned an Approval in Principle (AIP) from Lloyd's Register for the design of an liquefied natural gas (LNG) powered coal carrier.The three…
Dalian Shipbuilding Industry Co. Ltd. (DSIC) has received Approval in Principle (AiP) certificates from classification society DNV GL for a new shuttle tanker and a column stabilized crane unit designs. The certificates were handed over at the Marintec China trade fair in Shanghai…
Ocean Yield ASA has agreed to acquire three suezmax crude tankers with 10-year bareboat charters to Nordic American Tankers Limited (NAT). The net purchase price is USD 43.2 million per vessel after seller's credit. The net purchase price constitutes 77…
Nordic American Tankers (NAT) has entered into final agreements with a subsidiary of Ocean Yield ASA for the financing of the outstanding commitments of $39 million per ship, due on delivery. Three NAT newbuildings are under construction at Samsung shipyard in South Korea…
South Korean shipper Pan Ocean has won a 1.98 trillion won ($1.82 billion) contract to transport iron ore over a period of 27 years for Brazilian mining giant Vale, Reuters reported. The South Korea company said in a regulatory filing that…
Damen Shipyards Group has delivered its first vessels to Marine Core & Charter LLC (MC2), a marine services company supporting the offshore energy sector in the Arabian Gulf. This is the first transaction between the two organisations…
The second Hobart class destroyer, NUSHIP Brisbane, has commenced her first phase of sea trials, which will test the ship’s hull, propulsion and navigation systems. The initial trial phase, which will occur over the coming months, will…
Wärtsilä said it will provide a broad scope of products and solutions for a new articulated tug barge (ATB) that will be used to supply liquefied natural gas (LNG) fuel to cruise ships along the east coast of Florida, U.S. The 4,000 m3 capacity…
Panama Maritime Authority has authorized Dromon Bureau of Shipping (DBS) as a Classification Society, Recognized Organization (RO) and Recognized Security Organization (RSO) to perform class and statutory certification services on behalf of the Flag Administration…
Since its delivery from the shipyard in 2007, crude oil tanker MT Solviken – managed by Wallem Europe – has had 15 Port State Control (PSC) inspections without a single PSC observation recorded. On completion of the latest PSC inspection which took place in Primorsk in Russia…
The much awaited announcement for the replacement to the current Armidale Class patrol boats was announced by Prime Minister Malcolm Turnbull at Russell Offices in Canberra. Lürssen was named as the prime contractor for the 12 new Offshore Patrol Vessels (OPV) with the Australian PV80 variant…
Hempel has launched Hempadur Ultra-Strength Fiber 47510, a new cargo hold coating said to deliver up to 40 percent reduction in cargo holds maintenance costs, according to the coatings manufacturer.Hempel said the new coating is specifically…
Austal’s latest contract announcement for two 117 metre high speed vehicle passenger ferries, for Fred Olsen SA, not only sends a strong signal to the international market that ‘fast ferries are back’, but confirms Austal’s proven trimaran…