First LNG-fueled Aframax Tankers Ordered
Hyundai Heavy Industries’ shipbuilding affiliate Hyundai Samho Heavy Industries (HSHI) said it recently won a $240 million order to build four 114,000 DWT Ice-Class IA aframax tankers from Sovcomflot, the Russia’s state-owned shipping company. The vessels are said to be the world’s first LNG-fueled aframax tankers, and will measure 250 meters in length, 44 meters in width and 21 meters in height. They are scheduled to be delivered from the third quarter of 2018 and to be chartered to Shell.
Robust Capesize Vessel Rates Buoy Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the 14th straight session on Monday as capesize rates strengthened. The overall index, which also factors in rates for panamax, supramax and handysize shipping vessels, climbed 9 points, or 0.75 percent, to end at 1,205 points, its highest since Nov. 23. However, the index had gained at least 1 percent in the previous 13 sessions.
Singapore's Fourth Littoral Mission Vessel Launched
Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), launched the fourth Littoral Mission Vessel (LMV), Justice, designed and built for the Republic of Singapore Navy (RSN). The ceremony was officiated by Dr. Mohamad Maliki Bin Osman, Senior Minister of State (Ministry of Defence and Ministry of Foreign Affairs), who took on the role…
Coast Guard Cutter Lawrence Lawson Commissioned
Adm. Charles Michel, vice commandant of the Coast Guard, presided over a ceremony commissioning the 20th Fast Response Cutter, Lawrence Lawson, in Cape May Saturday. The Lawrence Lawson and crew are homeported in Cape May, where they will perform multiple Coast Guard missions along the Mid-Atlantic coast such as law enforcement, search and rescue and protecting America’s infrastructure from New Jersey to North Carolina. The cutter is named after Lawrence O.
Expanded Panama Canal Welcomes 1000th Neopanamax Vessel
Less than nine months after the historic inauguration of the Expanded Canal, the Panama Canal has announced that it has welcomed its 1,000th Neopanamax vessel through the waterway, highlighting the importance of the route and customers’ continued faith in the safe, reliable and efficient service the Canal provides. On Sunday, March 19, the containership Mediterranean Shipping Company's MSC Anzu made the historic 1…
Borr Drilling Scoops up Transocean Rigs for $1.4 Bln
Borr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean's fleet of shallow-water drilling rigs for $1.35 billion.
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