Singapore-based ship owner U-Ming Marine Transport has signed a contract for the construction of two 81,500 dwt bulk carriers. According to the company, the new vessels will be built by Japanese shipbuilder Oshima Shipbuilding. The price tag and the particulars of the new bulkers have not been disclosed. The news comes only two months after U-Ming’s latest fleet expansion which saw the companytake deliveryof a 188,000 dwt bulk carrier M/V Cape Success, built by Shanghai ...

South Korea’s shipbuilding giant Hyundai Heavy Industries (HHI) has signed an agreement to build two 158,000 dwt Suezmax crude tankers for a Turkey-based shipping company Ditas Shipping. The deal, worth between USD 120 to 140 million, will see HHI deliver the vessels to their owner in 2018, Yonhap news agency reported. After HHI failed to win any orders in January, this deal marks the first one this year. The order comes as the shipbuilding industry reported a ...

Japanese shipping company Nippon Yusen Kaisha (NYK Line) has concluded a long-term contract with compatriot Hokuetsu Kishu Paper Co for a new wood-chip carrier. The new wood-chip carrier will be built by Japanese shipbuilder Oshima Shipbuilding Co. and delivered in 2018, NYK said in a release. Based on the vessel’s design characteristics, the ship will be able to load 4.3 million cubic feet of wood chips and will feature an advanced eco-design and electronically controlled engines. NYK curr...

December was a pretty busy month for Teekay Corporation as keels for six LNG newbuildings were laid at Korean Daewoo Shipbuilding & Marine Engineering (DSME) shipyard.   Five of these 173,400 cubic meter M-type, Electronically Controlled, Gas Injection (MEGI) engine LNG newbuildings are under time-charter contracts with Royal Dutch Shell plc (Shell). The remaining, H2461, is committed to the Bahrain project.   The six newbuildings are expected to deliver between 2017 and 2018...