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Thursday, 03 August 2017 11:10

American Navy 3D-prints a submarine prototype

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In cooperation with the Oak Ridge National Laboratory, the American Navy has succeeded in making the first submarine prototype. Engineers and designers will inspect the prototype for possible errors. The printing lasted 4 weeks and the entire project began in August 2016. The prototype is 9 meters long and has an estimated value of approximately 60-70 thousand dollars.

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Wednesday, 02 August 2017 10:39

HHI to build 8 carriers for Vitol

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The Korean shipbuilder Hyundai Heavy Industries (HHI) has won a contract to build up to eight gas carriers for the Vitol oil trading company. According to the deal, the shipbuilder will construct 2 liquefied petroleum gas tankers. Vitol has the option to order 6 more vessels of the same type. The value of the contract is USD 600 million. The vessels are scheduled to be delivered to their owner in the first half of 2019.
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Monday, 31 July 2017 12:16

Drewry: Asian market continues to expand

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Spot rates in the Asian to Middle Eastern markets are gaining the most traction following the improvement of the container shipments on the route by 1.6%. Despite a bad start of the year, annual trade growth could rebound back by 3%. Drewry said that container ships are needed the most as the number of shipments continues to grow.
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Friday, 28 July 2017 12:31

Hapag-Lloyd Adds a new Containership to its fleet

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The German shipping company Hapag-Lloyd has added a new container ship, the Afif, to its fleet. 368 meters long and 51 meters wide, the Afif was delivered in perfect condition. The new large container vessel is the first ship of its class painted in Hapag-Lloyd colors.
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