Company News

The latest news from companies at Pages.

Yang Ming to order its first set of 16,000 teu ships
Taiwan’s Yang Ming Marine Transport will shortly order its first set of 16,000 teu ships, twice the size of its largest ships currently in operation. Yang Ming already has a series of 12,000 teu ships on order at Kaohsiung;s China Ship Building Corp (CSBC) for delivery next year. These ships will be the largest boxships owned by a Taiwanese owner, with the island’s number one line, Evergreen, content to order 8,000 teu ships at present.

2,063 days ago by arnekiel

Japanese MHI secures two cruiseship contracts from Carnival's AIDA Cruises
Mitsubishi Heavy Industries, Ltd has completed two shipbuilding contracts with Carnival Corporation & plc, for the construction of two large-sized cruise ships for Carnival’s AIDA Cruises​ brand, World Maritime News reports. Delivery of the two ships is scheduled for spring 2015 and spring 2016 from MHI’s shipyard in Nagasaki. The shipbuilding contracts are subject to financing. The two 125,000 gross tonnage (G/T), 3,250 passenger ships will be the largest ever constructed for AIDA Cruises. The event marks the second new shipbuilding order for MHI from the Carnival group and the third and fourth cruise ships built by MHI for the group. Earlier, MHI built two 116,000 G/T ships for Princess Cruises​: the Diamond Princess and Sapphire Princess, both delivered in 2004. Source: worldmaritimenews...

2,064 days ago by arnekiel

New MSC Divina to be christened in May 2012 by Sophia Loren
MSC Divina will be the newest addition to the MSC Cruises fleet when she finally graces us with her presence in May 2012, Cruisecompare UK reports. MSC Divina will actually be named in honour of screen legend and MSC Cruises godmother Sophia Loren when she is introduced in May next year. Although Divina will be a truly unqiue ship just like every other in the MSC Cruises fleet she will be roughly modelled on her sisters MSC Fantasia and MSC Splendida. www.cruisecompare...

2,064 days ago by arnekiel

Tata NYK joint venture orders three new bulkers in Japan
Tata NYK Shipping has ordered three new bulkers in Japanese yards, Seatrade Asia online reports. 
The joint venture between Japanese shipowner NYK Line and Indian steel group Tata has inked the supramaxes at Tsuneishi and Oshima shipyards for delivery in 2012 and 2013. 
The aim of the jv is to get to a position whereby half of all the Indian steel mills cargoes are shipped on the venture’s own vessels. Currently the NYK Tata fleet stands at 16 ships, of which two are owned.

2,068 days ago by arnekiel

CSCL ready to order 12 mega containerships worth $1.13bn
China Shipping Container Lines (CSCL) is ready to splash $1.13bn to construct 12 containerships of 10,000 teu each at two Chinese shipyards. CSCL affirmed that it will engage separately Hudong Zhonghua Shipbuilding (Group) and Dalian Shipbuilding Heavy Industries to construct four 10,000 teu containerships, and may engage each of the two yards again to construct two more vessels. The container line added that the contract plan is subject to approval at the general meeting of the company. Source: Seatrade-Asia

MOL, Osaka Gas Subsidiary Sign Construction Deal for 2 LNG powered LNG Carriers
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that MOL and Osaka Gas International Transport Inc. (OGIT; President: Yuichi Funahashi), subsidiary of Osaka Gas Co., Ltd. (President: Hiroshi Ozaki), have agreed on a plan to co-own two newbuilding LNG carriers. The agreement also includes a contract with Mitsubishi Heavy Industries Co., Ltd. (MHI) to build the new vessels, which will be co-owned by MOL and OGIT. At the same time, MOL and Osaka Gas concluded a long-term LNG transport contract. The new vessels are slated for launching in 2014 and 2015. MOL will manage and operate the ships, which will sail under a 20-year contract with Osaka Gas. The 153,000m3(*1) class carriers will be the first in the world to feature a continuous tank cover for Moss spherical tanks integrated into the ship's hull. Housing the four spherical LNG storage tanks under a continuous cover reduces weight while maintaining the ship's overall strength. This will improve fuel efficiency. The adoption of a new steam turbine engine that features a system to capture and use reheating steam also contributes to higher fuel efficiency. The new vessels' high fuel efficiency will contribute to reduce CO 2 emissions, and the use of natural gas as fuel will reduce sulfur oxide emissions. They will also adopt a ballast water treatment system (*2), to protect marine ecosystems, and are corresponding to according to the Ship Recycle Treaty (*3), which will minimize environmental impact during scrapping and dismantling when their service lives end.

2,072 days ago by arnekiel

Maersk Drilling signs $780 mln deal with BP
Maersk Drilling, a unit of Danish shipping and oil group A.P. Moller-Maersk , said on Tuesday it had entered into a four-year $780 million deal with London-based BP for a deepwater rig, Reuters reports. The contract was for the ultra deepwater semi-submersible rig "Maersk Discoverer" for work initially offshore Egypt, and the maximum contract value was about $780 million, including mobilisation fees, the company said in a statement. "We hope it can pave the way for strengthening our position as a reliable contractor for BP within the deepwater segment," said Maersk Drilling Chief Executive Claus Hemmingsen in the statement. The four-year contract includes an option for a further year, and is expected to commence in the second quarter of 2012, it said. Shares in A.P. Moller-Maersk were down 0.3 percent at 36,760 crowns at 0728 GMT, in line with the Copenhagen stock exchange's benchmark index .

2,077 days ago by arnekiel

Todays Keel Laying for Royal Princess Marks Construction Milestone
A significant construction milestone occurred today when the keel for the new Royal Princess was laid in the building dock at the Fincantieri shipyard in Monfalcone, Italy, The San Francisco Chronicle reports. As the keel - the bottommost part of the ship - was ceremoniously lowered into position, Princess Cruises and shipyard officials marked the occasion with a celebration and countdown to the ship's debut in spring 2013. Following a traditional blessing by a priest, the ship's keel - which weighs approximately 500 tons - was moved into position by a huge crane onto the keel blocks. The computer-guided maneuver took only minutes, belying the more than two million man hours that will ultimately go into building the vessel. The 3,600-passenger, 141,000-ton ship will remain in the building dock until its float-out next summer.

2,077 days ago by arnekiel

Turkish Investor Yildrim vetoes CMA CGM plan for up to 20 new containerships
A proposed order by CMA CGM for up to 20 10,000teu containerships has been vetoed by Turkish businessman Robert Yildirim , who exerted his group’s voting rights on the French shipping line’s board, ifw-net reports. The initial order was to have been for 10 vessels, to be followed by a second series of 10, built by Chinese yards and chartered to CMA CGM for 10 years. “This effectively meant the operator would be buying the ships,” Yildirim said. In July, CMA CGM revealed it was in talks with Chinese interests about new ships to serve emerging markets, such as South America. But Yildirim Group, instrumental in the financial rescue of the French carrier by investing $500 million for a 20% stake, has a veto over major decisions through voting rights acquired as part of the rescue deal. “CMA CGM cannot make major decisions without our approval,” Yildirim said. “Our aim is to see CMA CGM emerge more strongly, and such an order at this time would not be in the interests of the company or the container market.”

K Line to launch new Northeast Asia to Southeast Asia service in November
Kawasaki Kisen Kaisha (K Line) will launch a new weekly service called Jaseco-J from Northeast Asia to Southeast Asia from 3 November, Seatrade Asia online reports. “K Line aims to expand the service coverage to/from China to the Philippines and Indonesia with this direct service (...),” the Japan-based container line said. The port rotation will be Qingdao, Shanghai, Ningbo, Hong Kong, Manila South Port, Manila North Port, Jakarta, Surabaya, Manila South Port, Hong Kong and back to Qingdao.

Do you also have interesting company news?

Get involved!
  • login or register
  • go to the Pages entry
  • and create your own company news item!
Or send your company news to us:
+49 40 209 33 21 28
+49 40 209 33 21 29

In cooperation with