MES develops prototype 82,000 cu.m multigas carrier
OCTOBER 3, 2014 — Japan’s Mitsui Engineering & Shipbuilding Co., Ltd. (MES) has developed a prototype 82,000 cu.m medium size multi gas carrier, able to carry LNG and shale gas derivatives such
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KKR and Borealis acquire nine containerships
AUGUST 28, 2014 — Investment firm KKR (NYSE:KKR) and Borealis Maritime today announced the acquisition of a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank. The vessels
ABS opens Beijing office
AUGUST 26, 2014 — Classification society ABS is opening a new office in Beijing, China. It says the new office will allow further collaboration with government, industry, academic institutions and research organizations
Conrad Industries reports rise in income, backlog
AUGUST 15, 2014—Conrad Industries, Inc., Morgan City, LA, which provides new vessel construction and repair at its five shipyards in Louisiana and Texas, reported a rise in net income and earnings per
ABS to class world’s first CNG carrier
JULY 29, 2014 — ABS has been chosen to class the world’s first compressed natural gas (CNG) carrier. Designed by China’s CIMC Ocean Engineering Design & Research Institute, the ship has been
ME-GI adds ethane to its fuel portfolio
JULY 22, 2014 — Three 36,000 cu.m LEGCs (Liquefied Ethylene Gas Carriers) ordered by Oslo headquartered Ocean Yield ASA, will each be powered by a single MAN B&W ME-GI low-speed, dual-fuel engine.
Teekay LNG inks contracts for six Yamal LNG carriers
JULY 10, 2014 — As expected, Teekay LNG Partners, through a new 50/50 joint venture with China LNG Shipping (Holdings) Limited, has finalized shipbuilding contracts for six icebreaking LNG carriers for the
Oman Drydock awarded GTT license
JUNE 4, 2014 — Oman Drydock Company (ODC) says it has made a “giant leap” forward in its campaign to become one of the leading shipyards in the world for LNG repairs.
With private equity help, Odfjell exercises newbuild options
MAY 16, 2015 — Here’s another example of private equity investing in newbuilding opportunities. Norway’s Odfjell SE reports that it has entered into an agreement with affiliates of Breakwater Capital and Oak
ABS to class Petronas LNG newbuilds
MAY 14, 2014 — ABS has been awarded a contract for the classification of two innovative “Moss-type” LNG carriers to be built in Korea for Malaysia’s Petroliam Nasional Bhd (Petronas). With 42