Hyundai Heavy Industries (HHI) has broken a new record this week with the announcement of the delivery of its 2000th ship, theOcean Blacklion. The world’s largest shipbuilding company, headquartered in Ulsan South Korea, delivered theOcean Blackliondrillship to Diamond Offshore at the Ulsan Shipyard on Friday, hitting the 2,000th vessel milestone. Mr. Choi Kil-seon, chairman & CEO of HHI said, “Today, we wrote a new chapter in the global shipbuilding history by delivering the 2,000th...

China-based COSCO (Zhoushan) Shipyard Co. has delivered a 64,000 DWT bulk carrier named Queen Cuki to its European buyer, Lomar Shipping.   The vessel measures 199.90 meters in LOA (length of all), 32.26 meters in breadth and 18.5 meters in depth.   In February 2012 Lomar signed an order with COSCO Group in China for up to six ‘Ultramax’ bulk carriers.   Scheduled for delivery starting from early 2014, the ‘Dolphin’ 64,000 dwt vessels have been designed by Chinese des...

Kawasaki Kisen Kaisha (K Line) has joined compatriots Nippon Yusen Kaisha (NYK) and Mitsui OSK Lines (MOL) in inking a long-term time charter contract with Mitsui & Co for the Cameron LNG project in the US.   K Line said it would be building a 178,000 cu m capacity LNG carrier at Imabari Shipbuilding for the 25-year contract. The vessel will be owned by Trinity LNG Transport a joint venture between K Line, Mitsui and Imabari.   Delivery of the vessel is expected in 2020 and i...

Vietnam needs to find at least USD 2 billion in the next five years to modernise its fleet of commercial vessels, the country’s daily Vietnam News quoted Vietnam Maritime Administration Deputy Head Bui Thien Thu as saying.   However, the multi-billion dollar investment cannot be financed from the already stretched state budget, Thu said, hinting at a possibility for the domestic and foreign private sectors to invest in the country’s proposed maritime r...