Shipowners in all sectors face the same decision: build new or refurbish older tonnage. In the booming cruise sector the decision is more pressing, particularly as new construction ships can take two to three years to build, perhaps longer today with global shipyard orderbooks packed full.
Deme Offshore has laid all inter-array cables, manufactured by its partner Hellenic Cables, for the first phase of 3.6 GW Dogger Bank offshore wind farm in UK.More than 200 miles of 66KV inter-array cables have been successfully installed by delivery partners working on the construction of the world’s largest offshore wind farm.
Shares of Viking Holdings rose 9% in their debut on the New York Stock Exchange on Wednesday, giving the travel and cruising company a valuation of $11 billion.Viking opened at $26.15 compared with its initial public offering (IPO) price of $24 in a stellar debut, amid a rebound in stock market listings and at a time when cruise stocks have delivered outsized returns.
The first large cruise ship ever to be built in China has been delivered, potentially leading the way for a new market player to rise within the global cruise shipbuilding industry.The 5,246-passenger Adora Magic City, built by China State Shipbuilding Corporation’s (CSSC) Shanghai Waigaoqiao Shipbuilding (SWS) based on Fincantieri' Vista-class design
Eidesvik Offshore will refit its platform supply vessel (PSV) Viking Energy with an ammonia dual fuel engine, targeting 2026 as the year that the vessel will operate on ammonia for Equinor, effectively cutting GHG emissions by 70% or more.Viking Energy will switch to ammonia operations, in a move that should make it the world’s first in-service vessel to adopt the fuel as a primary energy source.
Navalrocha Shipyard reported growth in key target markets, including LPG and Product Carriers, after recording one of its strongest ever half-year performances.With more than 30 projects delivered to date, Navalrocha is on course for another record-breaking year having completed projects with wide variety of commercial ships.
A replica Viking ship has berthed in Montenegro's Adriatic port of Bar on a years-long trip through European waters inspired by the Norse seafarers who set out from Scandinavia to explore, trade and conquer a millennium ago.The ship, Saga Farmann, is a full-size archaeological reconstruction of a 10th-century Viking cargo vessel, or knarr, made from oak and pine
Equinor has declared options to extend the contract with Eidesvik Offshore, a Norwegian offshore vessel owner, for its supply platform supply vessel (PSV) Viking Energy.The contract extension runs from April 2025, extending the firm period to April 2030. The contract also includes options for further extensions.“Viking Energy has been in continuous operation for Equinor since its launch in 2003.
Viking Life-Saving Equipment won a new order for 11 ambulance boats from the Hellenic Coastguard.The Viking Norsafe Munin S-1200 ambulance boats will be used to support emergency services and auxiliary healthcare in remote areas, including the islands of Thassos, Psara, Agios Efstratios, Fournoi, Kea, Lipsi, Kasos, North Evia, Zakynthos and Creta (Sfakia, and Ierapetra).
Italian shipbuilder Fincantieri has signed contracts with shipowner Viking for the construction of two new cruise ships.Under the shipbuilding contracts, worth between $500 million and $1.07 billion, the cruise ships will be delivered in 2028 and 2029.The new ships will be built according to the latest environmental rules and navigation regulations and will be equipped with the most modern
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing.
Eidesvik Offshore, a Norwegian offshore vessel owner, has signed a ship management contract extension with DEME for construction support vessel (CSV) Viking Neptun.The three-year extension also includes a two-year option for further extension, according to Eidesvik Offshore.The company has provided full technical management, crewing and operation of Viking Neptun since December 2022.