Posts by News

DSME and DNV GL Unveil New LNG Carrier Design

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) and the international classification society DNV GL have presented the results of a joint development project (JDP) for the design of a liquefied natural gas (LNG) carrier based on today’s technology. The project focused on delivering a design which an owner can take straight to the yard and […]

Full Article: DSME and DNV GL Unveil New LNG Carrier Design

Source: World Maritime News

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MOL Forecasts Return to Profit amid Group Overhaul

Japan’s shipping major Mitsui O.S.K. Line is on the path of returning to profitability at the ordinary income level, the company’s President & CEO, Junichiro Ikeda said on the occasion of MOL’s 133rd anniversary. Ikeda added that MOL is ” well positioned to deliver profits this fiscal year and beyond, through execution of its newly-established management plan” despite shipping […]

Full Article: MOL Forecasts Return to Profit amid Group Overhaul

Source: World Maritime News

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Explosion Hits Vessel at Bulgarian Shipyard

An explosion has occurred on board a vessel at Terem Shiprepair Yard in Varna, Bulgaria, according to a statement issued by Varna Municipality. The incident was reported on April 3, while the ship arrived at the shiprepair yard a day earlier. There were no injuries reported, Varna Municipality’s press office said. Teams of the Regional Directorate Fire Safety […]

Full Article: Explosion Hits Vessel at Bulgarian Shipyard

Source: World Maritime News

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Wärtsilä Bolsters Ties with Höegh LNG

Finnish technology group Wärtsilä has been contracted to provide both equipment and maintenance for floating storage and regasification unit (FSRU) and liquefied natural gas (LNG) carrier vessels of Norway based operator, Höegh LNG. Under a new five year technical management agreement, Wärtsilä will provide support for eight ships of the company’s existing fleet as well as […]

Full Article: Wärtsilä Bolsters Ties with Höegh LNG

Source: World Maritime News

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Kawasaki Heavy Industries Moves Merchant Ship Construction to China

Japan’s Kawasaki Heavy Industries (KHI) is to shift merchant ship construction from Japan to China and reduce the scale of its domestic business by 30% while trying to establish itself as a specialist for gas carriers and gas-powered vessels. The move comes following a slump in the shipbuilder’s Ship & Offshore Structure segment in the past […]

Full Article: Kawasaki Heavy Industries Moves Merchant Ship Construction to China

Source: World Maritime News

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Somali Pirates Hijack Cargo Vessel off Yemen

Somali pirates have hijacked a cargo vessel en route from Dubai to either Bosasso, Somalia or Al Mukalla, Yemen, in the vicinity of Socotra, Dryad Maritime said referring to the United Kingdom Marine Trade Operations (UKMTO). The vessel is believed to have been taken to Eyl, Somalia. Up to 11 crewmembers may be onboard the […]

Full Article: Somali Pirates Hijack Cargo Vessel off Yemen

Source: World Maritime News

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Kobe unseats Yokohama as Japan's No. 2 port

Kobe overtook the port of Yokohama to become Japan’s second-biggest container port after Tokyo in 2016 as its container traffic posted a 22-year high, the Kobe municipal government said.
The port of Kobe saw its container traffic rise 3.5 percent year-over-year in 2016 to 2.80 million 20-foot-equivalent units (TEUs), the second-highest…

Full Article: Kobe unseats Yokohama as Japan’s No. 2 port

Source: JOC International Ports

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Princess Cruises Adds Its Third Royal Princess

Italian shipbuilder Fincantieri delivered Majestic Princess, the third Royal Princess class unit constructed for Princess Cruises, a brand of the Carnival Group, at the Monfalcone shipyard on March 30. The Bermuda-flagged Majestic Princess is the first ship specifically designed and built by Fincantieri for the Chinese market. Built on the basis of the successful project […]

Full Article: Princess Cruises Adds Its Third Royal Princess

Source: World Maritime News

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Nordic Bulk Carriers in Russian Coal Shipping Deal

Shipping firm Nordic Bulk Carriers and Arctic Mining Company, managed by Russia’s VostokCoal, have signed an agreement on the increase of cargo transportation from the Taimyr Peninsula to 30 million tons per year. Under the deal, which was entered into as part of a development project for the Taimyr Coal Basin, the company’s 76,000 dwt Panamax ships would […]

Full Article: Nordic Bulk Carriers in Russian Coal Shipping Deal

Source: World Maritime News

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Hapag-Lloyd Confident in Merger Closure Soon Despite Reports of a “Snag”

German liner company Hapag-Lloyd believes its merger with the United Arab Shipping Company (UASC) would be closed within the next few weeks despite reports that the deal has been hindered by Qatar. The two liners reportedly fear that Qatar, which is UASC’s top shareholder, might sell some of its shares that could in turn be […]

Full Article: Hapag-Lloyd Confident in Merger Closure Soon Despite Reports of a “Snag”

Source: World Maritime News

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