Singapore-based shipping company Eastern Pacific Shipping has placed an order for two 115,000 dwt ECO Aframax tankers with the Philippines’ shipbuilder Hanjin Subic, according to data provided by VesselsValue. The contract, which will see the company pay USD 43 million for each ship, includes an option for two more tankers of the same capacity. Featuring 21,124 MT, the new ships are scheduled to join their owner in 2018. Eastern Pacific Shipping operates a fleet of 67 ve...

COSCO Shipping’s subsidiary Cosco Southern Asphalt Shipping has ordered four 7,500 dwt asphalt carriers from Chinese shipbuilder CSSC Chengxi Shipyard. The company said that the new ships would serve both short-range routes as well as the company’s long-range international routes. With these vessels, Cosco plans to enhance its service to Singapore, South Korea, Australia, New Zealand, Thailand and China. Cosco Southern Asphalt Shipping currently operates a fleet of 11 asphalt...

  German cruise company Hapag-Lloyd Cruises, owned by TUI AG, has been confirmed as the owner of the two expedition cruise vessels ordered at Fincantieri’s subsidiary Vard Holdings Limited (Vard). The partiessigned a Letter of Intent(LoI) with respect to the design and shipbuilding contracts in May 2016. Vard said that the effectiveness of the contracts is still subject to customary financing conditions. The 16,100 gross ton vessels, designed for cruises in polar regions in th...

Japan-based shipbuilders have received only eight exporting orders during July 2016, representing a significant drop from 25 orders seen in the same month a year earlier, according to data released by Japan Ship Exporters’ Association (JSEA). The eight orders feature a total of 303,299 gross tons and consist of one tanker and seven bulk carriers, including two Handysize bulkers, three Handymaxes, one Post-panamax and one Capesize bulk carrier. The situation was much worse in J...