The keel has been laid for Hanseatic Nature, the first of two expedition new-builds owned by Hapag-Lloyd Cruises that are being built at VARD shipyard in Tulcea, Romania.
"It is a great pleasure to watch the development of our first expedition new-build. In the shipyard, as well as in the Hamburg office, many experts in their specialist field, are working daily on completing the two vessels. With our new expedition vessels, we will soon be able to offer very unique travel experiences" says Karl J. Pojer, CEO of Hapag-Lloyd Cruises.
The christening and maiden voyage of Hanseatic Nature are planned for April 2019. The second ship, Hanseatic Inspiration, which will serve the international markets, will launch six months later in October 2019.
The ships' hulls will be constructed in the Romanian shipyard and afterwards be towed to Vard Langsten in Norway, where the outfitting and the finishing of the interior will take place.
As disclosed, both ships will be fitted with cutting-edge equipment and environmental technology and will each accommodate up to 230 guests (or up to 199 guests on Antarctica cruises). The vessels will be assigned with PC6, the highest ice class for passenger ships, making it possible to conduct expeditions far into Polar waters, with tropical destinations such as the South Seas and the Amazon.
Pan Asia, the first of four 174,000 cbm Tri-Fuel Diesel Electric (TFDE) liquefied natural gas (LNG) carrier newbuildings to be constructed by Chinese shipbuilder Hudong-Zhonghua Shipbuilding, has completed sea trials off the coast of Shanghai in the East China Sea.
The vessels are owned by a joint venture involving China National Offshore Oil Corporation, China LNG Group, BW Group and Teekay.
Scheduled for delivery between September 2017 and January 2019, each of the ships will operate under a 20-year time charter contract, plus extension options, with Methane Services Limited, a wholly-owned subsidiary of Shell, according to Teekay.
Pan Asia's steel cutting ceremony took place on April 6, 2015, and the ship was launched on April 15, 2016. The other three newbuildings, Pan Americas, Pan Europe and Pan Africa, are currently under construction at the yard.
The completion of the sea trials of Pan Asia marks a "significant milestone" in this project, with gas trials soon approaching at the end of July, as explained by Teekay.
"The vessel performance exceeded expectations from a maneuverability, speed and vibration point of view," Teekay said.
Hong Kong-based shipping company Ocean Longevity has been tied to the order of three Panamax bulk carriers at two Japanese shipyards.
Namely, data from VesselsValue shows that the company has placed the order for one 77,000 dwt and one 84,000 dwt bulker at Oshima shipyard.
In addition, Ocean Longevity ordered one 77,000 dwt ship at Sasebo yard.
The price the company will pay for three newbuildings was not disclosed. However, the market value of the 84,000 dwt ship currently amounts to USD 28.95 million, while the market value of each of the 77,000 dwt bulkers stands at USD 26.92 million, according to information provided by VesselsValue.
Each of the three Panamaxes is scheduled for delivery in 2020.
Danish shipping company Dampskibsselskabet Norden A/S revealed it has bought a 2010-built MR product tanker.
The Japanese-built vessel has a cargo capacity of 48,000 tons and is expected to join Norden's owned fleet in July 2017.
The purchase represents Norden's second acquisition of an MR product tanker within a month.
Earlier in June, the company purchased a 2009-built MR product tanker which will be renamed Nord Pearl.
"With the purchase of the MR product tanker, Norden once again takes advantage of the current reduced tonnage prices to increase the capacity and position the tanker business towards possible market improvements after 2017," Jan Rindbo, Norden’s CEO, commented.
"The vessel will, as the other Norden product tankers, be operated in Norient Product Pool, which over the years has managed to consistently generate earnings above market average," Rindbo added.
At the end of first quarter of 2017, Norden's tanker fleet comprised a total of 36 vessels – 25 MRs with a cargo capacity of 45,000-50,000 tons and 11 Handysize vessels with a cargo capacity of 35,000-37,000 tons. 19 tankers are owned by Norden while the rest are chartered vessels.
Singapore-based Petredec Holdings (Eastern) has decided to further expand its fleet with up to four very large gas carriers (VLGCs) to be constructed by China’s Jiangnan Shipyard.
Under the contract signed between the parties, Petredec has placed orders for two 84,000 cbm LPG carriers with the option to build further two units.
Petredec said that the would be built according to the company’s "usual high specification, once again improving speed and consumption, making these vessels some of the most economical VLGCs in the global fleet whilst also complying with all the latest environmental legislation including NOx Tier III, new IGC code and with USCG approved Ballast Water Treatment System."
The first two LPG carriers are scheduled to be delivered in the second and third quarters of 2019, respectively. The optional vessels, if exercised, would join their owner later in 2019, increasing Petredec’s owned fleet of VLGCs to 21.
"We are starting to see some consolidation within the VLGC sector, steadying owners returns and the market expects to see accelerated scrapping of older vessels which are less efficient, don't comply with latest environmental legislation and are facing expensive dry docks," Giles Fearn, Petredec Chief Executive, said.
"Despite already being a substantial ship owner, Petredec must continue to provide the best service to our customers and therefore cannot be too dependent on third party tonnage providers," Fearn added.
The company, which delivers over 12 million tonnes of liquefied propane and butane (LPG) annually, controls a fleet of over 70 gas carriers.
Nasdaq-listed dry bulk shipping company Golden Ocean Group Limited has taken delivery of one more bulker bought in March this year within a 16-vessel deal.
The ship in question is the 74,500 dwt Sea Amber, which will now be renamed Golden Amber.
Sea Amber is one of two 2017-built ice class Panamax ships purchased from subsidiaries of Seatankers, an affiliate of Hemen Holding, the company's largest shareholder.
The company has issued 1,650,000 consideration shares to Hemen Holding in exchange for the vessel. Following this transaction, the company's issued share capital is USD 6,393,649.60 divided into 127,872,992 issued shares, each with a nominal value of USD 0.05.
Golden Ocean earlier informed that the duo would be bought in consideration for 3.3 million GOGL shares to fund the equity portion of the acquisition. Hemen Holding would issue a seller credit of USD 22.5 million that matures in June 2019, with no fixed amortization.
On a fully-delivered basis, Golden Ocean's fleet will have an aggregate carrying capacity of around 11 million dwt and an average age of less than 5 years on a dwt basis.
China's Dalian Shipbuilding Industry Offshore (DSIC Offshore) held the steel cutting ceremony for JHW Engineering & Contracting's (JHW) first 85,000 m3 very large ethane carrier (VLEC) on June 15, 2017.
The vessel will feature four cargo tankers, three of which are IMO type C star-trilobe tanks, MAN dual-fuel engines and MAN alpha propellers.
JHW informed that the ships would be the first very large gas carriers' to feature the semi refrigerated solution.
The vessel is scheduled to join its owner at the beginning of 2019 and would be deployed to provide midstream services in an effort "to build a maritime virtual pipeline from US to Asia across the ocean," according to JHW.
Greece-based tanker shipping company Avin International has emerged as the new owner of two MR2 tankers bought from South Korea's Hyundai Merchant Marine (HMM), according to information provided by VesselsValue.
The tankers in question are Oriental Emerald and Oriental Ruby and they were purchased in an en bloc transaction for USD 21 million.
In April, World Maritime News reported that another Greek company, Benetech Shipping, reached an agreement with HMM to buy the two 50,400 dwt ships. Under the deal which was subsequently terminated, the shipping company planned to acquire Oriental Emerald for USD 12.1 million and Oriental Ruby for USD 12.3 million.
"There was a deal between HMM & Benetech that fell through as it was still under negotiations," a representative from VesselsValue said, confirming that the new buyer is Avin.
When contacted, HMM said it cannot confirm anything related to this matter.
Each featuring a length of 189 meters and a width of 32 meters, the tankers were built by South Korea’s SLS Shipbuilding in 2005.
The recently acquired tankers will join Avin’s fleet of more than 30 vessels.
Maersk Tankers, part of Denmark's shipping conglomerate Maersk, has disposed of two older MR1 tankers, VesselsValue's data shows.
The ships in question are the 2000-built Maersk Rapier and the 2002-built Maersk Rhode Island, both constructed at CSSC OME shipyard in China.
As disclosed by VesselsValue, the 35,000 dwt Maersk Rapier and the 34,800 dwt Maersk Rhode Island were sold to unnamed parties for USD 6.5 million and USD 8.5 million, respectively.
With a gross tonnage of around 22,180 tons, each of the ships has a length of 171 meters and a width of 27 meters.
"We can confirm that we have reached an agreement to sell Maersk Rapier. The vessel will be delivered to the new owner in the near future. The other vessel can not be confirmed," a representative from Maersk Tankers said.
In 2016, Maersk Tankers said that it plans to replace approximately 20 percent of its fleet within the next few years with newbuildings already ordered and scheduled for delivery between 2017 and 2018.
Currently, the company's fleet consists of around 160 owned and commercially managed product tanker vessels.
China's Shanghai Waigaoqiao Shipbuilding has splashed the country's largest domestically built ship, the 20,110 TEU Cosco Shipping Taurus.
The colossal boxship was built for COSCO Shipping Corporation, and features a total length of about 400 meters, 58.6 meters in width and has a design speed of 22.5 knots.
The launching ceremony, which took place on June 16, marked the construction of the largest containership by TEU capacity by a Chinese shipbuilder.
In September 2015, COSCO placed an order for construction of eleven 19,000 TEU container ships at compatriot shipbuilders worth a total of USD 1.5. billion.
Under the deal, Waigaoqiao Shipbuilding was assigned with construction of three boxships. Six boxships were assigned to Dalian Cosco KHI Ship Engineering (DACKS) and Nantong Cosco KHI Ship Engineering (NACKS), while the building of the remaining two ships was entrusted to Dalian Shipbuilding Industry.