Wednesday, October 6, 2021
hanjin ship
Shipping

Container Shipping Market Is So Hot It’s Reviving Hanjin Heavy Industries

South Korean shipbuilder Hanjin Heavy Industries & Construction has announced its first commercial shipbuilding order in six years with an order for four 5,500 TEU containerships. The order comes on...

October 6, 2021
Total Views: 12147

Sunday, October 3, 2021
qatargas duhail lng carrier
Shipbuilding

Qatar Petroleum Places $760 Million LNG Order With China

By Paul Wallace(Bloomberg) –Qatar ordered four new liquefied natural gas tankers worth more than 2.8 billion rials ($762 million) from a Chinese shipbuilder, as demand for the fuel booms. State energy...

October 3, 2021
Total Views: 3978

Thursday, September 16, 2021
singapore
Finance

Marine Money Experts Warn Against New Ship Capacity As Prices Surge

By Elizabeth Low (Bloomberg) Shipowners and financiers should avoid sinking money into new container vessels despite a global crunch because record orders have driven up prices, according to industry insiders....

September 16, 2021
Total Views: 1389

Wednesday, August 11, 2021
Shipbuilding

Vard to Construct Two Offshore Wind Operations Vessels for Rem Offshore

Norwegian shipbuilder Vard has signed contracts for the design and construction of two Construction Service Operations (CSV) vessels for Rem Offshore, also of Norway. The VARD 4 19 design, developed...

August 11, 2021
Total Views: 856

Monday, July 12, 2021
Shipbuilding

CIMC Raffles to Construct Dual Fuel Car Carriers for Wallenius

Chinese shipbuilder CIMC Raffles has received an engineering, procurement and construction (EPC) contract for up to six low emission LNG-powered car carriers for Wallenius Lines. Construction will take place at CIMC...

July 12, 2021
Total Views: 1889

Tuesday, June 8, 2021
Containership docking Port of Long Beach
Shipping

America’s Marine Economy Contributes Nearly $400 Billion to U.S. GDP: Study

The U.S. government’s first official study on the economic impact of the nation’s marine economy shows that marine-related sectors contributed nearly $400 billion to the overall U.S. GDP in 2019....

June 8, 2021
Total Views: 1581

Friday, January 8, 2021
hyundai heavy industries shipbuilding
Shipping

Ship Orders Slump 50% With Owners Unsure Which Green Fuel to Use

By Elizabeth Low and Jack Wittels (Bloomberg) — Ship owners facing looming deadlines to use less-polluting fuels have slashed the number of new vessels on order because they don’t know which...

January 8, 2021
Total Views: 5075

Monday, December 28, 2020
Shipbuilding

ONE to Charter World’s Largest Containerships at 24,000+ TEU

Japan-based shipping line Ocean Network Express has announced plans for the long-term charter of the world’s largest containerships. The company has signed a Letter of Intent with shipowner Shoei Kisen...

December 28, 2020
Total Views: 13652

Friday, November 6, 2020
Maritime News

Havyard Ditching Newbuilds for Service and Repair Work

Norwegian shipbuilder Havyard has announced plans ditch newbuilds and focus its operations on ship repair and service. Unfortunately, this will lead to downsizing of about 100 staff at the yard....

November 6, 2020
Total Views: 113

Thursday, October 29, 2020
INS vikrant launch
Maritime News

Fincantieri Partners with India’s Leading Shipbuilder

Italian shipbuilding group Fincantieri has landed a cooperation agreement with the leading shipbuilder in India to help modernize the country’s defense fleet. The Memorandum of Understanding with Cochin Shipyard Limited...

October 29, 2020
Total Views: 205

Friday, October 23, 2020
offshore wind farm under construction
Environment

Warships to Wind Turbines: Spain Shipyard Eyes EU Aid in Pivot to Wind Power

By Jeannette Neumann (Bloomberg) — Spanish shipbuilder Navantia is stepping up its bet on offshore wind energy, a venture that stands to benefit from the European Union’s fiscal response to...

October 23, 2020
Total Views: 119

Thursday, August 27, 2020
lng tanker construction
Maritime News

Global Ship Orders May Take Decade to Mend as Crisis Builds

By Krystal Chia and Annie Lee There’s hardly anyone buying new ships, with orders plunging to a 20-year low due to a potent combination of uncertainty over environmental regulations, the...

August 27, 2020
Total Views: 146

Tuesday, June 2, 2020
south korean shipbuilding
Maritime News

$19 Billion LNG Ship Order a Boon for South Korean Shipbuilders

SEOUL, June 2 (Reuters) – South Korea’s ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied...

June 2, 2020
Total Views: 131

Monday, June 1, 2020
qatar lng ship
Maritime News

Qatar Launches Largest LNG Shipbuilding Program in History at Korean Yards

State-owned Qatar Petroleum has entered into shipbuilding agreements with South Korea’s “Big 3” shipyards for the construction of up to 100 LNG carriers valued at more than US$19 billion. The...

June 1, 2020
Total Views: 111

Monday, February 10, 2020
south korean shipbuilding
Maritime News

Japan Takes Second Complaint to WTO Over South Korean Shipbuilding

BRUSSELS, Feb 10 (Reuters) – Japan launched a second complaint at the World Trade Organization on Monday over support South Korea gives its shipbuilding industry, intensifying a wider dispute between...

February 10, 2020
Total Views: 45

Tuesday, January 21, 2020
Maritime News

Kleven Verft to Get New Owners

Croatian industrial group DIV Group has agreed to purchase Norwegian shipyard Kleven Verft from Hurtigruten. DIV Group is owner of Brodosplit, the largest shipyard in Croatia. Under the deal, which...

January 21, 2020
Total Views: 56

Tuesday, December 17, 2019
daewoo shipbuilding
Maritime News

Hyundai Heavy’s $1.8 Billion Deal with DSME Hits EU Antitrust Hurdle

By Foo Yun Chee BRUSSELS, Dec 17 (Reuters) – World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival Daewoo could inflate prices, EU...

December 17, 2019
Total Views: 32

Tuesday, November 26, 2019
cssc Guangzhou Shipyard
Maritime News

China Establishes World’s Largest Shipbuilding Group -State Media

SHANGHAI, Nov 26 (Reuters) – China on Tuesday formally established China Shipbuilding Group, which the country’s government-run broadcaster described as the world’s largest shipbuilder. The group’s establishment, reported by China...

November 26, 2019
Total Views: 89

Wednesday, October 30, 2019
world's largest cruise ship Symphony of the Seas
Maritime News

European Commission Opens Antitrust Investigation Into Fincantieri’s Bid for Chantiers de l’Atlantique Shipyard

By Foo Yun Chee BRUSSELS, Oct 30 (Reuters) – Italy’s bid to create a European industrial champion in the shipbuilding industry faces difficulty after EU antitrust regulators said Fincantieri’s bid...

October 30, 2019
Total Views: 19

Tuesday, October 15, 2019
vigor industrial
Maritime News

Carlyle Completes Vigor, MHI Holdings Acquisition

Global investment firm The Carlyle Group (NASDAQ: CG) and private equity firm Stellex Capital Management today announced they have closed on their acquisition of Portland, Oregon-based Vigor Industrial and Norfolk,...

October 15, 2019
Total Views: 66