South Korean shipbuilding giant Samsung Heavy Industries has received an order to build two liquefied natural gas-powered very large crude carriers. The order worth 253.6 billion Korean won ($209.2 million) was placed by a Bermuda-based ship owner, Samsung said on Tuesday. Samsung did not reveal the
Shanghai-listed China Merchants Energy Shipping (CMES) has placed an order with Jinling Shipbuilding, a shipyard of China Merchants Group, for four open hatch bulk carriers. The 62,000 dwt bulkers will cost US$ 29.6 million per ship, pushing the total investment to US$ 118.6 million. The newbuilds a
The shipbuilding sector has been severely impacted by the ongoing COVID-19 pandemic causing the contracting activity to shrink and newbuild deliveries to get postponed. What is more, the demolition activity, which has been pretty dynamic over the recent period, has also ground to a halt amid lockdow
A new cluster of coronavirus infected people has been identified at Singapore-based Keppel Shipyard, Singapore’s Ministry of Health informed. At least three people with confirmed infections have been linked to the cluster. According to the local media, about 100 shipyard employees who have had direc
The European Commission has suspended the full-scale probe into the proposed acquisition of South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) by its compatriot Hyundai Heavy Industries Holdings (HHIH). The move was triggered by companies’ inability to provide information as a
SEA Europe: Europe risks to lose its strategic maritime technology sector to Asia.
Fincantieri closed 2019 with record revenues driven by a significant increase in cruise ship production volumes.
A construction hall on the outskirts of Delft was the scene of a special presentation, last November. A crowd gathered around a large box that was hidden from view by a curtain. It gave the visitors the idea that some exotic beast was ready to put on show. And in a way it was, because […]
The delivery of 24,000 TEU containerships to HMM will not be delayed.
DSME has secured an order for a very large crude oil carrier from Pan Ocean.
Overseas Shipholding Group (OSG) closes a USD 33,150,000 loan to finance its new oil and chemical ATB.
For centuries shipping depended on wind, but the industrial revolution changed that. No longer vessels were stuck in the doldrums. Today, with the Paris Climate Agreement in mind, shipping companies are looking at wind again for efficiency reasons. Recently C-Job Naval Architects has delivered the d
Japan’s Asahi Tanker plans to build the world’s first two zero-emission electrically powered tankers.
All American Marine is to complete the aluminum construction of a hydrogen-powered, electric drive vessel.
