Algoma Central Corporation, a leading provider of marine transportation services, today announced that it has taken ownership of the Algoma Innovator from the Uljanik d.d. shipyard in Croatia. The vessel is part of the Company’s Equinox…
The cruise industry is expected to stay on course for further growth in 2018, according to the latest State of the Cruise Industry Outlook report from trade association Cruise Lines International Association (CLIA). “It is without question…
Oldendorff Carriers has recently increased the number of owned bulk carriers in it Babycape segment by acquiring four more eco 119,000 tonners from compatriot shipowner Hartmann Reederei. The vessels are: MV UBC Ottawa (tbrn: Roland Oldendorff)…
Maritime regulation should be made more flexible if it is to support the development of autonomous ships. A new report published by The Danish Maritime Authority (DMA) identifies where changes in maritime regulation are needed. The report…
Seaspan Shipyards (Seaspan) has celebrated the launch of the first large vessel to be designed and built under the Government of Canada's National Shipbuilding Strategy (NSS) - OFSV1, the first of three Offshore Fisheries Science Vessels (OFSV)…
Great Intelligence, the first China smart ship, was presented with Lloyd's Register (LR) cyber-enabled ship (CES) descriptive notes. Great Intelligence was designed by Shanghai Merchant Ship Design and Research Institute (SDARI) and built at Guangzhou Wenchong Shipyard Co…
The classification society DNV GL presented GTT, together with its partner TECHNOLOG, a General Approval for Ship Application (GASA) statement for the retrofit of very large container vessels (VLCVs) with exoskeleton membrane LNG tanks. LNG…
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…