By | 2019 Newsletter week 51 | No Comments

Grimaldi Chose Avic Weihai for Two New Ferries for Finnlines

Grimaldi Group has chosen the Chinese shipyard Avic Weihai for the construction a pair of Superstar Class ferries due to be operated by Finnlines.

  • Contract price roughly USD 135 million each.
  • Delivery is scheduled as from 2023.
  • These new ice-class ferries are an evolution of the Fincantieri-built Star-class vessels.
  • Capacity 5,000 lane metres and 350 cabins.
  • They will have the biggest battery pack ever mounted on a ship.

This is the first time the Grimaldi Group will build ropax ferries in Asia. The other shortlisted yards were Hyundai Mipo, Jinling and Guangzhou Shipyard International in China.

All the European shipyards has been left out since the price were in some cases twice as high.

AVIC International Holdings Sells Loss-Making AVIC Weihai Shipyard To China Merchants

By | 2019 Newsletter week 18 | No Comments

China Merchants Offshore Engineering Investment has agreed:

  • to acquire the integrality of AVIC International’s equity interest in AVIC Weihai Shipyard
  • and
  • the shareholders loan to the loss-making yard, for CNY 620 million (EUR 82.7 million).

AVIC Weihai is building a series of ro-pax ferries for Stena Ro-Ro (up to 8).

Apparently, the yard can no longer get external finance, due to its losses (CNY 471 million or EUR 62 million last year).

China Merchants has several yards under its umbrella, such as Jinling Shipyard, where freight and ro-pax ferries are under construction for DFDS, Grimaldi and TT Line.

AVIC International Holdings is to leave shipbuilding entirely.

New Construction Of The Stena E-Flexer Continues In China With Keel Laying And Launching

By | 2019 Newsletter week 4 | No Comments

Between 2016 and 2018, Stena RoRo placed orders for eight Stena E-Flexer class vessels with the Chinese AVIC Weihai Shipyard. Construction is continuing according to plan and on 16 January, two ceremonies took place in the shipyard – the launching of the first E-Flexer (STENA ESTRID) and the keel laying of the third vessel in the series. Guests from near and far gathered in a chilly but sunny Weihai in order to witness these solemn ceremonies.

Read this report from Per Westling, Managing Director at Stena RoRo, with more information about the 8 vessels.