Ship Archives — Page 4 of 4 — City Business News

January 3, 2019 No Responses

Firm Acquires Two 19,400 TEU Boxships

Bermuda-based shipowner Ship Finance International Limited has acquired two 2016-built 19,400 TEU container vessels and contracted the vessels until late 2033 to an unnamed container line on long term bareboat charters. The contracts increase the company’s fixed rate charter backlog by...

December 28, 2018 No Responses

Firm Raises $10m To Advance Autonomous Ship Technology

Boston-based Sea Machines Robotics has raised USD 10 million that would enable the company to further develop autonomous solutions for the maritime industry. As informed, the investment marks one of the largest venture rounds for a marine- and maritime-focused...

June 24, 2018 No Responses

Hyundai To Close Shipyard Over Lack of Orders

South Korean shipbuilder Hyundai Heavy Industries has decided to temporarily shut down its offshore shipyard due to a lack of orders, Yonhap said citing the company. The facility will run out of work by the end of July when it...

June 22, 2018 No Responses

COSCO Acquires Another 14,500 TEU Boxship

China’s COSCO Shipping Lines has welcomed to its fleet another 14,500 TEU newbuild, COSCO Shipping Denali. Flying the flag of Hong Kong, the newbuild has a length of 366 meters and a width of 51.2 meters. Its market value currently...

May 29, 2018 No Responses

CMA CGM Acquires Second 20,000 TEU Boxship

French container shipping company, CMA CGM has added to its fleet a second 20,600 TEU containership. The delivery and naming ceremony for CMA CGM Jean Mermoz was held at Subic Bay Philippines yard on May 25. Featuring a length of...

November 9, 2017 No Responses

Daewoo shipbuilding declares $41m profit in Q3

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) ended the third quarter of this year with a profit of KRW 45.7 billion (USD 41 million), compared to a net loss of KRW 284 billion posted a year earlier. As...

August 28, 2017 No Responses

Firm to test autonomous boxship in 2019

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) intends to test an autonomous containership in the Pacific Ocean in 2019. The ship would sail from Japan to North America with a crew on standby, Hideyuki Ando, a senior general manager at Monoh...

July 20, 2017 No Responses

Samsung wins conditional deal for vessel pair

South Korean shipbuilder Samsung Heavy Industries (SHI) revealed it has inked a shipbuilding contract for two vessels with an unnamed shipowner. As informed, the contract value is KRW 271 billion (around USD 242 million). The agreement remains conditional a...

June 11, 2017 No Responses

IMO to adopt passenger ship safety amendments

The International Maritime Organization (IMO) is set to adopt revised safety requirements to ensure newbuild passenger ships remain afloat after a major incident. The revisions to the International Convention for the Safety of Life at Sea (SOLAS) chapter II-1,...

April 28, 2017 No Responses

Photo News

From Left: Executive Secretary of the Nigerian Shippers’ Council, Barr. Hassan Bello, Director General NIMASA , Dr. Dakuku Peterside, Outgoing Chairman of AAMA, Mr. Sobantu Tilayi and the Chairman, Governing Board of NIMASA, Major General Jonathan India ...

April 24, 2017 No Responses

Daewoo Shipbuilding seeks court approval for debt rescheduling

After collecting the necessary consents for its rescue plan, the financially troubled shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) filed for a court approval for debt rescheduling on April 20, Yonhap News Agency said. An approval from the...

April 13, 2017 No Responses

World’s largest boxship joins Maersk Line’s fleet

Danish container shipping major Maersk Line has taken delivery of Madrid Maersk, a 20,568 TEU boxship, from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), the shipping company told World Maritime News. The ultra large container...