Nakilat’s H1 Profit Up By 7%
Qatar Gas Transportation Company (Nakilat) and its group subsidiaries announced their financial results for the first half of the year ended 30 June 2024, with a net profit of QAR 829 million ($227 million) for the first half of the year ended 30 June 2024, an increase of 7% on the corresponding period in 2023.In 2024, Nakilat achieved significant milestones in its fleet expansion project. The company signed contracts to build six advanced gas carriers, including two LNG carriers and four modern LPG/Ammonia carriers.
GTT Books Tank Design Orders for CMA CGM’s 12 LNG Container Ships
French engineering firm GTT has received two orders from its Korean partner HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to design the cryogenic fuel tanks for 12 new LNG-fueled container vessels on behalf of CMA CGM.Under these new orders, HD Hyundai Heavy Industries (HHI) and HD Hyundai Samho (HSHI) will each build six container ships.Each ship will offer a capacity of 15,500 TEU and integrate LNG tanks with a total volume of 12,700 m³.These tanks will incorporate…
Damen Inks Deal to Build Six ASD Tugs for Middle Eastern Operator
Dutch shipbuilder Damen has signed a contract with Western Coast Port Services (WCPS) to construct six ASD Tugs.This order consists of five ASD Tugs 2813 and one ASD Tug 3212, which will be operated at Saudi Arabia's Jeddah Port.For this order, Damen is adapting the vessels to suit the Middle Eastern climate by incorporating additional air-conditioning and cooling equipment, ensuring optimal performance in the region’s challenging conditions. “With its fast delivery, customization and lifecycle support…
Hengli Plans $1.3 Billion Investment in Shipbuilding
Hengli Group, privately-controlled Chinese oil refiner and petrochemicals producer, said on Monday it will invest 9.2 billion yuan ($1.3 billion) in shipbuilding in northeast China, two years after it acquired South Korean shipyard STX's assets.The group's unit Hengli Heavy Industry expects to build annual steel processing capacity of 1.8 million metric tons as well as 7.1 million tons annually of shipbuilding capacity in Changxing island of Dalian city, according to a posting on the company's official WeChat platform.The company said it will expand building super tankers carrying oil and liqu
UK Confirms It Will Build Six New Warships
British defence minister Grant Shapps said he would order up to six new warships for the Royal Marines, as the government starts to indicate where a recently announced rise in defence spending will be directed.British Prime Minister Rishi Sunak announced in April that he would lift defence spending to 2.5% of GDP a year by 2030, saying the British arms industry must be on a "war footing" when the world is at its most dangerous since the Cold War.Shapps said on Tuesday that the new vessels, known as Multi Role Support Ships, will be built in Britain and will help strengthen Britain's amphibious
St. Johns Ship Building to Build Six Deck Barges for Seapath
St. Johns Ship Building on Wednesday announced it has signed a contract with Seapath for construction of a series of six ABS deck barges in support of their Jones Act leasing business.The barges will be built at St Johns Ship Building’s facility in Palatka, Fla. and will be dispatched to multiple charterers along the US East Coast.Seapath is a subsidiary of the Libra Group, which is also parent to St. Johns’ holding company, Americraft Marine Group.Joshua Lubarsky, CEO of Seapath, said, “Domestic maritime transportation is the backbone of the US transportation system.
NYK and Stolt Tankers to Build Six Multi-Purpose Chemical Tankers
NYK Stolt Tankers, a joint venture between NYK and Dutch company Stolt Tankers, has signed a contract with Nantong Xiangyu Shipyard in China to build six parcel chemical tankers.The contract will strengthen NYK’s chemical tanker business, for which demand is expected to grow steadily, and deepen the partnership with Stolt Tankers, a leading player in the industry, the company said.Parel tankers are multi-purpose chemical tankers can carry various cargo, including chemical products…
NYK Stolt Tankers Orders Six Chemical Tankers
NYK Stolt Tankers, a joint venture between NYK Line and Stolt Tankers, has placed an order with Nantong Xiangyu Shipyard in China to build six 38,000 deadweight tonne stainless steel chemical tankers for delivery between late 2026 and 2029.The newbuilds will be sisters to a series of six vessels Stolt Tankers ordered at Wuhu Shipyard in November. The ships feature 30 cargo tanks, offering a range of cargo flexibility and are designed to maximize fuel efficiency using a wide range of energy savings devices and shore power connection, Stolt Tankers said.
ONE Orders 12 Methanol Dual-Fuel Containerships
Japanese shipping company Ocean Network Express (ONE) has signed shipbuilding contracts with Jiangnan Shipyard and Yangzijiang Shipbuilding for the construction of 12 13,000 TEU methanol dual-fuel containerships.Each shipyard will build six vessels and are all scheduled to be delivered from 2027. The order represents ONE’s inaugural fleet of methanol-dual fuel vessels and plays a key role in reaching ONE’s sustainable goals as part of its green strategy."Our decision to invest in methanol-dual fuel vessels aligns with ONE's Green Strategy as part of our key initiatives.
Wave of New LNG Export Plants Threatens to Knock Gas Prices
A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects, analysts say.Proposed and approved new LNG plants would boost LNG supply by 67% increase to 636 million tonnes per annum (mtpa) by 2030 from 2021 levels, potentially saturating the gas market."There's over a trillion dollars of natural gas infrastructure being built in the world today.
Canadian Coast Guard Takes Delivery of Two SAR Lifeboats
The Canadian Coast Guard on Monday marked the delivery of the 13th and 14th search and rescue lifeboats: the CCGS Gabarus Bay and the CCGS Chedabucto Bay. The vessels were built by Hike Metal Products Ltd from Wheatley, Ontario and Chantier Naval Forillon from Gaspé, Quebec, respectively.The CCGS Chedabucto Bay will be stationed in Clark’s Harbour, Nova Scotia while the CCGS Gabarus Bay will be stationed in Burgeo, Newfoundland and Labrador.In 2018, Gaspé, Quebec’s Chantier Naval Forillon and Wheatley…
Largest Italian-built Cruise Ship Delivered to MSC
MSC Group’s Cruise Division on Wednesday officially took delivery from shipbuilding group Fincantieri of its new flagship MSC Seascape, said to be the largest and most technologically advanced cruise ship ever built in Italy.The vessel is the 21st to join the MSC Cruises fleet and the fourth to have been built by Fincantieri as part of a €7 billion investment package for 10 ships. The shipyard will also build six new vessels for MSC’s luxury travel brand, Explora Journeys.The 170…
HMM Orders Twelve 13,000 TEU Container Ships from DSME, HHI
South Korean shipping company HMM has ordered twelve new 13,000 TEU container ships, from its compatriot shipbuilders Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI). HMM will pay a total of $1.57 billion.Under the agreement, DSME and HHI will build six vessels each The vessels are scheduled for delivery in the first half of 2024. All ships will be installed with hybrid scrubbers and designed to be LNG-ready.An HMM official said, “Our newly ordered containerships will be fitted with the latest energy-efficient technologies.
GTT to Design LNG Tanks for CMA CGM's New Containerships
Engineering firm GTT said it has been chosen to design the cryogenic fuel tanks of 12 new liquefied natural gas (LNG) fueled containerships for the CMA CGM group.The vessels have been ordered from Chinese shipyards Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. and Jiangnan Shipyard (Group) Co., who will each build six vessels, able to carry 13,000 and 15,000 containers respectively. The order of the six 15,000 TEU vessels completes the order of five similar container vessels signed…
Shipbuilding: Wilson Sons Unveils Plan to Build Six Tugboats
Wilson Sons will start in the first quarter of 2021 the construction of six tugboats, at its shipyards in Guarujá (SP), helping to grow the company's fleet, the largest in Brazil today with 80 tugboats. Click here to read a related story on the depth, breadth and growth of the Wilson Sons fleet from the November 2020 edition of Maritime Reporter & Engineering News.“The new series will contribute to the renewal of the fleet and will facilitate support for large ships that will stop over the next few years at Brazilian ports.
KSOE Secures Order for Six 15,000 TEU Box Ships
South Korean shipbuilding group Korea Shipbuilding & Offshore Engineering (KSOE) said Tuesday it has secured a 900 billion-won (US$828 million) order to build six 15,000 TEU containerships for an unnamed Asian shipowner, Yonhap reports.Four of the six box ships will be built by KSOE's Hyundai Heavy Industries unit, and two will be constructed by its Hyundai Samho Heavy Industries arm. The vessels will be delivered from the first half of 2023, KSOE said.The news comes as shipbuilding orders begin to pick up after 2020's slump stemming from impacts of the COVID-19 pandemic.In 2020…
DSME to Build Six Second-generation Arc7 LNG Carriers
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has signed shipbuilding contracts with Russia's Sovcomflot and Japan's Mitsui O.S.K. Lines for the construction of six icebreaking Arc7 liquefied natural gas (LNG) carriers based on a newly developed design.The new ships will be the second generation of vessels engineered to transport LNG from the Russian Arctic, with special emphasis on year-round operation in the eastern sector of the Northern Sea Route.DSME…
Colombo Dockyard to Build Six Bulk Carriers for Misje
Sri Lanka shipbuilder Colombo Dockyard PLC (CDPLC) said it is moving toward executing an already signed contract with Misje Eco Bulk AS to build a series of six bulk carriers, with options for up to four additional vessels. The contracts were signed in March but are scheduled to come into effect in September upon the Norwegian shipowner's final board approval.Misje is a fully owned subsidiary of Kåre Misje & Co., a family owned Norwegian company which holds a group of companies…
Harry DeWolf's Sea Trials Underway
Halifax Shipyard has commenced initial builder’s sea trials for Canada’s lead Arctic and Offshore Patrol Ship (AOPS), the future HMCS Harry DeWolf.The lead AOPS departed Halifax Shipyard at 0945 and, using its diesel-electric engines, moved to the Bedford Basin to start initial builder’s sea trails associated with anchor handling, the integrated bridge and navigation system (IBNS), fin stabilizers, Multi-Role Rescue Boat (MRRB) launch and recovery, and communication systems.Initial builder’s sea trials will continue over the next few weeks and will be followed by formal sea trials and acceptance by the Royal Canadian Navy. This will span into the first quarter of 2020.At 103 meters and 6…
Austal Wins Contract to Build Six Australian Navy Patrol Boats
Shipbuilder Austal Australia has been awarded a A$324 million (US$209.8 million) contract to design and construct six evolved Cape-class Patrol Boats (CCPBs) for the Royal Australian Navy.It is the largest contract for an Australian vessel construction program ever awarded to Austal in the company’s 30-year history.The six new vessels, to be constructed at Austal’s Henderson shipyard in Western Australia, will add to the Royal Australian Navy’s (RAN) existing fleet of two CCPB’s delivered in 2017 and further extends Austal’s Cape-class Patrol Boat program to a total of 18 vessels.
Chantier Davie Pre-qualified under Canada's NSS
The Government of Canada announced East Coast shipbuilder Chantier Davie has pre-qualified to become the third strategic partner under the National Shipbuilding Strategy (NSS), a long-term, multibillion-dollar program to renew the Canadian Coast Guard and Royal Canadian Navy fleets.Back in May, Canada’s Government announced its intention to add a third Canadian shipyard as a partner under the NSS, and on August 2, it launched the competitive process to select the new yard to build six program icebreakers for the Canadian Coast Guard.According to the Government of Canada…
DSME Wins $771M Order for 6 Box Ships
South Korean shipbuilding and offshore contractor Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) has secured a 891.8 billion-won (US$771 million) order to build six container ships.According to Yonhap, the world’s second-largest shipbuilder by order backlog will deliver the ships to an unidentified client in Africa by October 2022 under the deal.With the latest deal, Daewoo Shipbuilding has won orders worth $6.88 billion for 39 vessels so far this year, achieving 82 percent of its annual order target of $8.37 billion.The 39 vessels include 10 LNG carriers, 10 super crude oil carriers, 11 container ships, 2 super LPG carriers, 5 submarines, and 1 offshore plant.
HHI Wins $293M Newbuild Order
South Korean shipbuilder Hyundai Heavy Industries (HHI) Group said that its two affiliates have clinched two deals worth 340 billion won (US$293 million) in total to build six vessels.Hyundai Mipo Dockyard (HMD), a unit of HHI, has won a KRW 110 billion ($100m) newbuilding order for four units of 1,800 TEU container carriers from Taiwanese shipping line Evergreen Marine Corporation.The boxships will be built to the Con-Green design developed by HMD in conjunction with Man Energy Solutions and DNV GL in HMD’s Ulsan shipyard in phases starting 2021.In a separate deal, another affiliate, Hyundai Samho Heavy Industries Co., an affiliate of HHI…