Japan’s K Line has entered into a long term charter contract and construction of a new 164,700 cu m LNG carrier to serve Chubu Electric Power.   The new Moss type LNG carrier will be build at Sakaide Shipyard of Kawasaki Heavy Industries (KHI) and delivery is scheduled at the end of 2016. K Line has already executed previous long term time charter contract for a similar LNG carrier with Chubu Electric in April 2013, and this contract for the second ship is based on subsequent contrac...

Maersk Supply Service, DeepOcean UK and Damen have held the keel laying ceremony of Maersk Supply Service’s new subsea support vessel at Damen Shipyards Galati in Romania.   Touted as a next-generation cable laying vessel, the Damen Offshore Carrier 8500-series OSV will enable Maersk Supply Service to bundle its survey and trenching capabilities within the offshore cable and umbilical markets.   According to DeepOcean UK’s Tony Inglis, the vessel will be well suited for installat...

DECEMBER 2, 2014 — Hamburg, Germany, headquartered Hapag-Lloyd and Valparaiso, Chile, headquartered Chilean Compañía Sud Americana de Vapores (CSAV) have completed a merger that will create the fourth largest container liner shipping company in the world   Under the arrangement, CSAV is merging its container shipping business into Hapag-Lloyd in exchange for a shareholding stake that will see it become a core shareholder, with an initial 30% of the company. That will make CSAV Hapag-Llo...

  China’s shipyards registered a good increase in newly received shipbuilding orders and orderbook backlog in the first 10 months of this year, according to figures from China Association of the National Shipbuilding Industry (Cansi).   This year up until 30 October, Chinese shipyards across the country received new orders with tonnage totalling 53.73m dwt, up 15.7% compared to the same period of 2013. The orderbook on hand during the 10-month period stood at 153.55m dwt, an in...