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2016-04-15 14:23:07

Chinese shipyard Yuexin Ocean Engineering delivered a 32m azimuth tugboat named AL MOBIN 4 to its shipowner from the Middle East on April 12, according to a domestic shipping news report.

The vessel measures 11.6m in breadth moulded and 5.36m in depth moulded, with the maximum designed draft of 5.81m, the report added.

2016-04-15 13:45:44

Chinese shipyards have seen an increase in newbuilding orders in the first quarter of 2016, according to data released by China's Ministry of Industry and Information Technology.

From January to March of 2016, the country's newbuilding orders jumped by 23,9 percent to 7.42 million dwt, compared to the same period a year earlier, while the shipyards constructed 8.35 million dwt in vessel tonnage during the first quarter, down by 11.8 percent.

The Chinese orderbook backlog decreased by 17 percent, as it stood at 120.35 million dwt by the end of March.

Due to a global oversupply of vessels, the Chinese shipbuilding industry struggled to stay afloat as it encountered a major decline in newbuilding orders.

During the first quarter of the year a total of 77 new ships were ordered, against the 375 ships ordered in the corresponding period in 2015, data released by Clarksons shows.

In January only 15 newbuilding orders were placed, compared to 179 in the corresponding month in 2015.

In February the number slightly increased to 17 orders, while the newbuilding contracts continued to rise in March as well, as shipowners ordered 45 new vessels, Clarksons figures indicate.

The ordering slump seems to be subsiding as 23 orders have already been booked for April, bringing the overall orderbook for this year to 100 new ships.

2016-04-15 13:38:13

The Independence, a tanker built by California-based shipbuilder General Dynamics NASSCO, has set sail for sea trials and testing along the San Diego coastline.

The Independence is the first in a series of ECO Class tankers being built for the SEA-Vista fleet and the vessel will be operated by Seabulk Tankers.

Featuring a length of 185.9 meters, the vessel is an LNG-conversion-ready product tanker capable of carrying 330,000 barrels of cargo.

The construction of this 50,000dwt vessel began in November 2014.

2016-04-14 13:19:34

China's listed shipyard Yangzijiang Shipbuilding saw two 82,000dwt bulk carriers leave dock on April 13, according to a domestic shipping news portal.

The owners of the two bulkers are Norway's Torvald Klaveness and Singapore's Everbright respectively.


2016-04-14 11:25:16

Latvian Shipping Company's arm LCS Shipmanagement has expanded its fleet with a newbuild tanker Elandra Palm.

Elandra Palm is the second out of three new ships being built by the South Korea-based shipyard SSP Shipbuilding. The first of the three ships, Elandra Spruce, was received on Jan. 11, while the final fleet addition from the series is expected in May with the delivery of Elandra Oak.

"LSCSM adds the next ship to the fleet under its management to reach its maximum petroleum and chemical substance transportation capacity," said Robert Kirkup, Latvian Shipping Company's Chairman of the Management Board.

The 50,300dwt Elandra Palm has a length of 183 meters and width of 32 meters.

Latvian Shipping Company has currently 22 ships in its fleet.

2016-04-13 11:35:51

The first quarter of 2016 was hit by a major decline in ordering newbuilds with only 77 new ships ordered by the end of March 2016, according to Clarksons data.

This is a substantial drop when compared to the corresponding period in 2015 when a total of 375 ships were ordered.

January was definitely the slowest month during the quarter with orders for only 15 ships placed against 179 in the corresponding month in 2015, according to Clarksons.

The figures for February showed a slight increase with 17 orders followed by 45 orders in March, mostly driven by Valemax ordering spree in China. On the other hand, South Korean shipbuilders managed to secure merely nine orders during the first quarter of the year.

Bulkers have especially experienced a drop in demand as just two non VlOC were ordered during the quarter as opposed to 78 in the first quarter in 2015, based on VesselsValue data.

However, the ordering slump seems to be subsiding as 23 orders have already been booked for April, bringing the overall orderbook for this year at 100 new ships.


2016-04-13 11:33:07

Oslo-listed Ocean Yield ASA has received a 49,000dwt IMO II chemical tanker Navig8 Turquoise from Korean shipyard STX.

This is the fifth vessel delivered in a series of total eight chemical tankers that will be chartered to Navig8 Chemical Tankers under a 15-year "hell and high water" bareboat charter.

Navig8 Turquoise will be entered into and operated in Navig8 Group's Chronos8 commercial pool.

"Year to date we have taken delivery of four vessels and will during the next twelve months take delivery of another nine vessels bringing the fleet to a total of 27 vessels," said Ocean Yield ASA's CEO Lars Solbakken.

The delivery is part of a US$306.8m deal signed in April 2015 for eight newbuilding chemical tankers, four of which, built by Hyundai Mipo Dockyard, Korea, joined the company's fleet in Q2 and Q3 2015.

The remaining four 49,000dwt carriers, all built by STX, are scheduled for delivery in Q1-Q3 2016.

2016-04-12 14:04:16

Chinese shipyard Xiamen Shipbuilding Industry Co., Ltd. (XSI) launched the first 2,100CEU pure car truck carrier (PCTC) in a series for a compatriot shipowner on April 11.

2016-04-12 11:45:50

The Netherlands-based Big Roll Shipping has received the first of four module class carriers, the BigRoll Barentsz. The vessel was delivered on April 8 by China-based Cosco Dalian Shipyard.

In combination with the large ballast capacity and the deck strength which is built up on a uniform grid of bulkheads and web frames, the ships can be used for both onshore and offshore heavy transport projects, according to Big Roll Shipping.

Big Roll Shipping says that the vessel will immediately enter into a multi-year contract with Yamgaz, the consortium of Technip, JGC Corporation and Chiyoda for module transportation as part of the Yamal LNG project.

In addition to the Barentsz, the company is constructing three more module carriers: BigRoll Bering, BigRoll Baffin and Big Roll Beaufort. The Big Roll Bering is expected to be delivered in May 2016, while the remaining two vessels are scheduled for delivery in the second half of 2016 and early 2017, respectively.

2016-04-12 11:35:17

Western Australia-based shipyard Strategic Marine, a part of Triyards Holdings Limited (TRIYARDS), has secured a new contract with Dutch ferry operator Rederij Doeksen for the construction of two LNG-powered aluminium catamarans. The contract is worth approximately US$50.1m (EUR44m).

Developed by nautical design company BMT Nigel Gee, the two RoPax ferries will feature new single-fuel LNG propulsion system and will have the capacity to carry up to 600 passengers and 64 cars.

The construction of the vessels is to commence in summer 2016 and the delivery is slated for the second quarter of 2018, according to Triyards.

"We foresee an increased focus in the environmental aspects of marine transportation and LNG emerging as the fuel of choice for vessels and ferries. Our focus on the large ferry market is beginning to reap the desired results with this recent win, as we continue to focus on the vertical product chain for aluminium vessels," said Mark Schiller, Strategic Marine's Chief Executive Officer.

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