• 2020 October 11 13:54

    MV Werften secures EUR 193 million loan

    MV WERFTEN says that the yard has received an EUR 193 million loan to complete the Crystal Endeavor for delivery and keep the shipyard operations till March 2021. MV WERFTEN and all its employees are very appreciative of the support of the State of Mecklenburg-Vorpommern and the Federal authorities in receiving this support. All the funds from the loans will be used in Germany for MV WERFTEN´s shipyards.

    Genting Hong Kong (GHK), the parent company of MV WERFTEN has invested about 2 billion euros in the shipyards and the construction in progress of the Global Dream and Crystal Endeavor and had created about 3,000 direct jobs in the State plus thousands of indirect jobs in the cruise shipbuilding supply chain and the local economies of Wismar, Rostock and Stralsund.

    GHK had been a very good client of Germany, ordering and taking delivery of 22 cruise ships built in Germany, almost half of Germany’s output from 1996 for the cruise brands which were under its control. In 2016 GHK bought the yard group - and named it as a homage to the state Mecklenburg-Vorpommern “MV WERFTEN” - in order to build ships for its three cruise brands as the orderbook from existing shipyards were full and the earliest delivery was 7 years into the future.

    GHK invested in MV WERFTEN, previously Nordic Yards, to build cruise ships because they have built the first two AIDA cruise ships and cruise ferries. All the 3,000 employees of MV WERFTEN are nationals of the European Union, with the majority German nationals with the rest from the European Union.

    “GHK is an exemplary investor and fully relies on German management in the operations of MV WERFTEN. We are very appreciative of the very significant investment, probably one of the largest made in Germany, and the creation of thousands of direct and indirect jobs for Germany and the EU ,” says Peter Fetten, the Chief Executive Officer. “MV WERFTEN built four luxurious river ships for Crystal Cruises and they have been rated the best river ships in Europe. We are now completing the Crystal Endeavor, which will be again be the most luxurious polar class expedition yacht in the world for Crystal Cruises”, he added.

    “It is the impact of the COVID-19 that stopped the world’s cruise fleet, including GHK, that MV WERFTEN has to turn to the State and Federal Government for support under the WSF, which had been established by the German Government to assist industries impacted by COVID-19,” added Carsten Haake, the Chief Financial Officer of MV WERFTEN. “Since 2016, GHK had fully supported the shipyard and had not withdrawn any of the invested funds from Germany.”
    GHK cruise ships are mainly deployed in Asia and Dream Cruises, one of its brands, is the world’s first cruise ship to start ocean destination cruises in Taiwan since July 26.

    Yesterday Genting announced that the World Dream, built in Germany and the 9th best largest resort ship as rated by the Berlitz Guide to cruising, will restart domestic cruising on 6th November. This will be followed by Genting Dream starting cruises in Hainan and China in mid-November. GHK had two Star Cruises ships chartered to the Singapore Government to accommodate post-COVID patients without any incidents. GHK’s is one of few companies which did not have any COVID-19 cases on any of its cruise ships due to the high standards of health and safety developed with over 30 years of cruise experience and is the first cruise line to receive the CIP-M certification by DNV GL for infection prevention , including COVID-19, for the marine industry.


2020 November 30

13:41 Average spot market price for Russian M100 product climbed to RUB 14,029 pmt
13:20 Diana Shipping announces time charter contract for m/v Polymnia with CLdN Cobelfret
12:56 Collaboration and digitalisation highlighted for Singapore’s maritime safety efforts at MPA’s International Safety@Sea Event
12:33 RF Government expands Vladivostok seaport territory
12:10 Abu Dhabi Ports supports the fight against COVID-19 with capacity to store and distribute 70M vaccines
11:49 LNG bunker fleet could increase fivefold by 2030
11:48 NIBULON launches a 90-m non-self-propelled vessel
11:27 RS optimizes Rules for Classification and Construction of Sea-Going Ships
11:03 Van Oord’s vessel completes turbine installation at Borssele III & IV offshore wind farm
10:45 NIB and Tallink Silja Oy agree COVID Response loan to support operations
10:22 Volga Shipping Company transported 3.2 million tonnes of grain in navigation season of 2020
10:16 Castor Marine takes over SeaVsat assets
09:59 MABUX: Bunker market this morning, Nov.30
09:38 Throughput of Chinese sea and river ports in 10M’2020 climbed by 3.7% YoY
09:20 Oil prices decrease in the beginning of the week
09:06 Baltic Dry Index as of July 7

2020 November 29

16:07 Port of Antwerp: New intermodal connections, October 2020
15:23 Lerwik Port Authority's Annual Review: Diverse customer base served Lerwik Harbour well in 2019
14:56 USCG, good Samaritan rescue 3 from sinking vessel near Cape Fear
13:28 BAE Systems secures Navy's contract for drydocking, maintenance and modernization of USS Wasp (LHD1)
12:41 Boluda’s new tug duo arrived in Rotterdam
11:48 Scorpio Bulkers announces the sale of Ultramax vessels
10:55 Pacific Basin expands its fleet with the acquisition of four modern Ultramax vessels

2020 November 28

15:51 Turkish shipbuilder orders boiler package from Parat for NB1105
14:23 Volkswagen Group selects marine biofuel leader GoodFuels to run fossil-free car transport operations
13:18 Fincantieri inks agreement with the Yucatán Gov’t for a new shipyard
12:27 Piriou has developed 100M cable vessel
11:39 Federal Maritime Commission increases global alliances' information monitoring report requirements
10:57 Managing passenger shipping for the benefit of all stakeholders

2020 November 27

18:27 First full-flow ballast water management system to receive Chinese Flag and CCS Type Approval
18:05 CLdN adds 2nd call on Zeebrugge - Cork route
17:47 Seagoing vessels mooring at North Sea Port will now pay a single tariff for the entire cross-border port area
17:26 FESCO delivered extra heavy power equipment from Russia to Bangladesh
17:05 LR, Anemoi and SDARI join forces on rotor sail designs
16:39 Interested parties invited to submit offers on development of deepwater terminal in Świnoujście
16:14 Sea-Cargo starts new freight service via Gothenburg
15:50 Yantar shipyard delivers new trawler of Project SK-3101R
15:48 Mikki Koskinen elected as the new Chairman of Finnish Shipowners’ Association
15:36 Head of Delo Group outlined tasks for updated composition of TransContainer BoD
15:15 IHM Certification for UK flag ships subject to PSC inspection at EU ports
14:48 IADС continues partnership with organizers of Hydraulic Engineering Structures and Dredging Congress
14:14 Wilhelmsen awarded funding for Singapore 3D printing project
13:59 World Maritime University and Batumi State Maritime Academy signed MoU
13:33 Bunker prices recover in the Far East ports of Russia (graph)
13:14 Fully integrated Wärtsilä Hybrid Solution selected for new Misje Rederi bulk carriers
12:50 BW Lilac to deliver its first LNG cargo to Klaipėda LNG terminal
12:25 Russian Maritime Register of Shipping takes part in ROOGD-2020
12:01 The world’s first LPG-fuelled vessel has set sail
11:31 Port of Southampton to open new cruise terminal for 2021 season
11:07 DEME awarded the prestigious Abu Qir port project in Egypt
10:44 Main engines loaded on General Chernyakhovsky ferry being built by Rosmorport’s order
10:17 Austal Australia cuts metal on third of six cape class patrol boats for Royal Australian Navy
10:15 2020 season of shipping through Volga-Baltic locks is over
09:51 Equinor and partner reach financial close on world's biggest offshore wind farm
09:36 Baltic Dry Index as of November 27
09:31 MABUX: Bunker Market this morning, Nov 27
09:22 Oil prices decrease on uncertainty over OPEC+ deal

2020 November 26

18:31 Port of Houston is now the number one port in U.S. in terms of total waterborne tonnage
18:00 Port of Rotterdam to embark on 100 innovative pilot projects
17:51 RF Navy’s frigate Admiral Gorshkov performs tests in the White Sea