The prices for newbuild vessels have risen to their highest level in 16 years, according to latest figures from shipping association BIMCO.“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%.
Smyril Line announced it has signed a contract with the CIMC Raffles shipyard in China for the construction of two new vehicle carrier vessels.The ro-ro ships will each be 190 meters in length with 3,300 lane meters for trailers. They have been designed in close cooperation with naval architects Knud E. Hansen for year-round seaworthiness in the North Atlantic.
Wallenius Wilhelmsen has signed significant contracts whose combined worth amounts to $1.2 billion for the world’s largest RoRo vessel operator.The contracts have been signed with a leading global construction and mining equipment manufacturer, and with one of the largest automotive distributors in the Americas.
Maritime Partners, a Louisiana-based provider of maritime financing solutions primarily focused on Jones Act vessels, announced that on September 20, 2023, one of its managed funds acquired Norfolk, Va.-based U.S. Marine Management LLC (USMMI) from Maersk Line, Limited.USMMI owns and operates U.S.
The United States is boosting access to commercial products tankers as part of a security drive to safeguard oil shipping for its armed forces in times of crisis, a top Department of Transportation (DOT) official said.The U.S. flagged commercial fleet comprises a few dozen tankers with the majority involved in domestic trade and there has been concern over possible disruptions to the U.S.
Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has signed a letter of intent for the delivery of four 9,350 CEU methanol-capable and ammonia-ready vessels and individual options for an additional eight vessels. The four vessels will be delivered from mid-2026 and onwards by Jinling Shipyard (Jiangsu).
Electric vehicles are crisscrossing the globe to reach their eager buyers, but the battery technology involved in the zero- emission automobiles is exposing under-prepared maritime shippers to the risk of hard-to-control fires, industry, insurance, and emergency response officials said.
Stena RoRo announced it has ordered another two E-Flexer RoPax vessels from the Chinese shipyard CMI Jinling (Weihai), for delivery in 2027.This is Stena RoRo's fourteenth and fifteenth vessel in the E-Flexer series.The two vessels will enter service under long-term charter to Greek shipping company Attica Group for operations in the Adriatic Sea.
Stena RoRo and Caterpillar Motoren have signed a memorandum of understanding (MoU) to promote the use of methanol as fuel on board MaK-powered E-flexer class ferries.The partners will work together to explore alternative fuel solutions to reduce CO2 emissions from ferry operations. This includes the development and feasibility of converting MaK-powered ferries from diesel to methanol.
Mitsui O.S.K. Lines (MOL) has installed a long-range wind condition measurement device on one of its RoRo vessels in a trial that aims to reduce fuel consumption and contribute to safe operations.MOL partnered with Metro Weather for a demonstration of Doppler LiDAR on Musashi Maru RoRO vessel on the route between Tokyo and Fukuoka.
Stena RoRo announced it has taken delivery of the 10th vessel in its E-Flexer series from the CMI Jinling, Weihai Shipyard. The vessel, named Ala'suinu, will be on a long charter agreement with the Canadian state-owned Marine Atlantic and operate a ferry line in eastern Canada between Newfoundland and Nova Scotia.
Stena RoRo has placed an order for another RoPax-class E-Flexer vessel from the Chinese shipyard CMI Jinling (Weihai). The vessel will be delivered in the first quarter of 2026 to Corsica Linea and will operate between Marseille and Corsica. This is Stena RoRo’s 13th vessel in the E-Flexer series and the first to be delivered to the Mediterranean region.