Chinese shipyard Jinling has secured a $400m contract from Grimaldi Group for the construction of six ro/ro vessels.

Designated as Grimaldi Green 5th Generation (GG5G), the vessels will measure 238m-long and 34m-wide, and weigh 64,000t each.

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Three ships will be deployed in the Mediterranean by Grimaldi Lines, while the remaining will be operated under Finnlines in the Baltic Sea.

Deliveries of the vessels are expected to start in 2020.

The ro/ro vessels will enhance the operational efficiency of Grimaldi.

Dalian Shipyard has secured an order from Maersk Tankers for the development of six LR2 segment ships.

The latest order forms part of an existing contract, which includes options to build ten LR2 ships.

The delivery of the vessels is expected to be completed within two years, with the first ship entering service in 2020.

“The ships will support Maersk Tankers’ fleet renewal strategy to meet the demand of its customers.”

The ships will support Maersk Tankers’ fleet renewal strategy to meet the demand of its customers.

JAXPORT and Carnival Cruise Line have entered a long-term agreement for the extension of cruise services for three more years.

The agreement renews the services until May 2021 and provides options to extend the contract until 2027.

The contract enables Carnival Cruise Line to operate its Carnival Elation cruise ship throughout the year from North Jacksonville Cruise Terminal of JAXPORT.

The cruise ship has the capacity to carry 2,130 passengers and 920 crew members.

Hyperloop One (formerly Hyperloop Technologies Inc) has established a new joint venture (JV) with DP World Limited (DP World).

The new JV, named DP World Cargospeed, will develop hyperloop-enabled cargo transport systems for ultra-fast delivery of palletised cargo.

Hyperloop One is involved in the development of the Hyperloop high-speed transportation system, while DP World is an operator of marine and inland terminals.