Flensburger Schiffbau-Gesselschaft & Co.KG (FSG) has received a €165.2m ($198.7m) ferry building contract from Irish Continental Group (ICG).
The new vessel will feature the capacity to accommodate 1,800 passengers and crew members.
It will also offer 5,610 freight lane metres to carry up to 330 freight units per voyage.
The ferry is expected to be operated by ICG division Irish Ferries and is scheduled for delivery before mid-2020.
Azerbaijan Caspian Shipping Company (ACSC) has signed a memorandum of understanding (MoU) with the Moscow River Shipping Company (MRSC) to support the development of cruise shipping in the Caspian region.
The companies intend to prepare joint investment projects such as Peter the Great as part of the partnership, as well as develop new cruise ships and port facilities.
Peter the Great is scheduled to enter service by the end of 2019 in Baku, Azerbaijan.
ACSC and MRSC will also jointly research and devise ideal routes for cruise ships under the agreement.
Mitsui OSK Lines (MOL) has signed an agreement with Furuno Electric to develop a new voyage information display system for ships.
The display system is expected to make use of augmented reality (AR) technology and can be used on tablets and other devices using data received from the automatic identification system (AIS).
MOL has also collaborated with Rolls-Royce Marine to carry out research relating to the development of the Intelligent Awareness System (IAS).