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Iran allocates over $857 million for maritime reform plan

Iran’s Ports and Maritime Organization (PMO) has allocated 36 trillion rials (=$857.2 million) of its budget resources for a program to develop the country’s maritime industry, including the construction of 83 vessels, the head of PMO informed. 

Nauticor, Fassmer join forces for LNG newbuilding, retrofitting projects

Nauticor, Germany-based LNG supplier, entered into a cooperation with manufacturer of special purpose vessels Fr. Fassmer, in newbuilding and retrofitting projects for ships with LNG engines. The two partners aim to generate synergy effects for the commissioning of newbuild or retrofitted vessels, which have been equipped with LNG engines and the respective system components.

Carnival Panorama passes sea trials in Adriatic Sea

Carnival Cruise Line announced that its newest ship, ‘Carnival Panorama’, completed sea trials in the Adriatic Sea earlier this week, in anticipation of its inaugural cruise from Long Beach, on 11 December 2019. Panorama became the line’s first new ship on the West Coast in 20 years.

Uljanik sees another cancelled newbuilding order

Croatian shipbuilder Uljanik saw another cancelled newbuilding order, involving the construction of a livestock carrier by an owner in Kuwait. This happens as the shipyard has been in financial trouble for months and workers are on a strike, as they have not received their wages for months. 

CMA CGM splits orders between LNG and scrubbers

In line with CMA CGM’s earlier announcement that it would opt for both LNG and scrubbers to achieve compliance with 2020 sulphur cap, the French shipping company has now set its newbuilding orders, split between the two options. 

Virgin Voyages to build new terminal at PortMiami

The new cruise venture Virgin Voyages announced plans to build a new cruise terminal at PortMiami. On the occasion, Virgin Voyages also announced that its first ship, the Scarlet Lady, will continue to sail to the Caribbean from Miami throughout 2021. The company’s second ship will sail from Miami during the fall/winter cruise season of 2021/22.

How newbuildings, scrappings formed world fleet in 2017

In its 2018 Maritime Transport Review, UNCTAD informed that in 2017, total newbuilding delivery amounted to 65 million gt, equivalent to 5.2% of the start-of-year fleet in 2017. Meanwhile in 2017, 23 million gt were scrapped leading to a net growth in world fleet of 42 million gt, equivalent to a growth rate of 3.3%.

First modern US riverboat almost complete

American Cruise Lines announced that the first modern riverboat in US history is almost complete. This week, ‘American Song’, under its own power moved from the East Outfitting Basin at Chesapeake Shipbuilding in Salisbury, MD, to the yard’s outfitting bulkhead for the final outfitting touches.

New ship orders start to wane after 10 billion spent in Q1 2018

The enthusiasm for newbuild orders across most shipping markets has started to wane, after over 10 billion dollars were committed in the first quarter of 2018. The total committed to new deliveries is now the lowest since the start of 2016, according to VesselsValue latest research.

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