Italian shipbuilder Fincantieri has agreed to construct two newbuildings for cruise giant Carnival Corp in a deal valued at over USD1.06 billion.
Turkey’s Cemre Shipyard has delivered Norway’s longest domestic ferry for operation on the Horten/Moss service across Oslofjord, the country’s busiest line.
Ko Jae-ho was sentenced by the Seoul Central District Court, which found that he grossly inflated assets and used the falsified accounts to get loans.
The Seri Camellia leads a class of five contracted from Hyundai Heavy Industries (HHI) of South Korea and chartered to Malaysian international energy group Petronas on 15-year terms. Handover and naming of the second ship is imminent.
Documents seized from Damen office but no arrests made.
The last two months of 2016 saw a substantial increase in the sale of IHC vessels, equipment, and engineering packages.
VARD Holdings has signed a letter of intent to build another cruise ship as it continues to win business in the expedition cruise segment, broadening its focus from offshore vessels.
The newbuilding price was not disclosed, but current chemical tanker newbuildings of such a size are priced at about USD35 million.
The Chinese government wants the country’s 10 largest shipbuilders to have a market share of 70% of orders from local shipowners.
IHS Maritime and Trade data shows that only 149 vessels greater than 10,000 gt were ordered in Japan, China, and South Korea last year