Fincantieri has secured a contract from Princess Cruises, a cruise line owned by Carnival Corporation, for the construction of two LNG-powered ships.

The 175,000t ships can accommodate approximately 4,300 passengers in their lower berths.

The vessels will be constructed at Fincantieri’s shipbuilding facility in Monfalcone, Italy.

The first ship is scheduled for delivery in 2023, followed by the second in 2025.

Genco Shipping and Trading, a dry bulk cargo shipping services provider based in the US, intends to buy two South Korean-built Capesize vessels in a deal worth $98m.

The 2016-built vessels are fuel-efficient and have a deadweight tonnage of 180,000.

The transaction will be funded through a credit facility led by Crédit Agricole Corporate & Investment Bank, and cash on hand.

Genco previously ordered four capsize vessels, and deliveries of all the six vessels are scheduled for completion by the third quarter of this year.

Virgin Voyages has awarded a ten-year maintenance contract to Wärtsilä for the maintenance of its three cruise ships.

Wärtsilä will perform the maintenance based on the real-time performance data. The maintenance intervals can be extended based on the equipment.

“CMA CGM intends to fortify its deep-sea container capabilities through the acquisition.”

The company will also offer personnel training and technical support to Virgin Voyages.

Norwegian shipping company Norled has awarded a contract to LMG Marin, a subsidiary of Sembcorp Marine, for the design of two hybrid diesel-electric ferries.

The vessels will be constructed by Remontowa Shipbuilding in Poland. The complete class documentation required for the vessels will be provided by LMG Marin.

The double-ended ferries will be integrated with energy-efficient solutions such as LED lighting, electric power transmission, heating, a ventilation and air conditioning (HVAC) system, and low-friction hull paint.

CMA CGM has acquired a 10% stake in CSP Zeebrugge Terminal NV from China Shipping Ports Development.

The acquisition has been executed by CMA Terminals, a wholly owned subsidiary of CMA CGM.

CMA CGM intends to fortify its deep-sea container capabilities through the acquisition.

Damen Shipyards Group has acquired a majority stake owned by Daewoo Shipbuilding & Marine Engineering in Mangalia shipyard, Romania.

The agreement for the acquisition was signed by both parties in November.

To be renamed as Damen Shipyards Mangalia, the shipyard will operate as a joint venture of Damen and the Government of Romania.