Geneva-based cruise line MSC Cruises has signed a letter of intent for four more World Class cruise ships to be built at STX France’s shipyard in Saint Nazaire, the cruise company confirmed. Featuring a weight of 200,000 gross tons, the ships will be fueled by liquefied natural gas (LNG) and have the capacity to carry some 5,400 passengers. The deal, which is reportedly worth some EUR 4 billion (USD 4.5 billion), will see the ships debute in 2022. The four new ...

Italian shipbuilder Fincantieri has secured a €422m contract from Norwegian Cruise Line (NCL) to build the sister ship of Seven Seas Explorer for its Regent Seven Seas Cruises (RSSC) brand. Scheduled to be delivered in 2020, the Explorer-class vessel will follow RSSC's super-luxury cruise ship Seven Seas Explorer, which is under construction and is expected to be launched this July. The new vessel is said to replicate most of the features and amenities that is incorporated into the latter sh...

South Korean shipbuilding major Hyundai Samho Heavy Industries (HHI), a shipbuilding affiliate of Hyundai Heavy Industries (HHI), has secured an order for two Suezmax tankers from Arab Maritime Petroleum Transport Co (AMPTC), Asiasis said.   The 159,000 DWT Long Range 3 (LR3) oil tankers, priced at around USD 130 million, are slated for delivery next year.   The order comes on the back of the last year’s order for two similar vessels t...

Canadian shipowner and operator Fednav has ordered four more dry bulk carriers from a Japanese shipbuilder Oshima Shipbuilding, according to Clarksons Platou Shipbroking. Under the contract, the shipyard will construct four 34,500 dwt bulkers which will be fitted to operate on the Great Lakes of North America. The vessels are scheduled to join Fednav’s fleet in 2018, Clarksons added. The parties did not reveal the value of the order. In October of 2015, Fednav ...