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Shipbuilding

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2023 in review: A transformative year for shipping and maritime
Shipbuilding

2023 in review: A transformative year for shipping and maritime

In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf

about 2 years ago
Star of the Seas
Shipbuilding

Keel laid for Star of the Seas, Royal Caribbean’s next LNG-powered cruise ship

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Finnish shipbuilder Meyer Turku has celebrated the end of 2023 with another big milestone — the hull assembly of Royal Caribbean International’s Star of the Seas has begun at the yard.

about 2 years ago
Mein Schiff Relax
Shipbuilding

Fincantieri lands €415 million green loan

Italian shipbuilder Fincantieri has secured a “green” loan totaling €415 million intended for the construction of ‘low-carbon’ cruise ship Mein Schiff Relax. The loan is being provided by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division and Cassa Depositi e Prestiti (CDP)- Mein Schiff R

about 2 years ago
Shipbreaking
Shipbuilding

45 yards included in the renewed EU list of ship recycling facilities

The European Commission adopted the 12th edition of the European List of ship recycling facilities featuring 45 yards. The updated list renews the inclusion of two yards located in Türkiye and one yard located in the USA, after 5 years on the list. These include Leyal Gemi Söküm Sanayi ve Ticaret Lt

about 2 years ago
CMA CGM Indianapolis
Shipbuilding

Jinling Weihai delivers early Christmas gift to EPS

China Merchants Jinling Shipyard (CMJL) Weihai, also known as Jinling Weihai, has delivered the 7,000-CEU LNG dual-fuel car carrier CMA CGM Indianapolis to Singapore-based ship management company Eastern Pacific Shipping (EPS). The shipbuilder said that the delivery took place 102 days ahead of sche

about 2 years ago
Danish Shipping
Shipbuilding

Danish Shipping: Over 80% of new ship tonnage to sail on green fuels

More than half of new vessels currently being built for Danish shipping companies will be able to sail on green fuels, trade and employer association Danish Shipping said.

about 2 years ago
Euronav
Shipbuilding

Euronav to acquire CMB.TECH for $1.25 billion

Belgian tanker shipping company Euronav NV and its controlling shareholder CMB NV have entered into a share purchase agreement for the acquisition of 100% of shares in cleantech maritime group CMB.TECH for $ 1.150 billion in cash. Euronav said that the move fits its renewed strategy of diversificati

about 2 years ago
LNG carrier
Shipbuilding

Capital Product Partners seals $3.1 billion acquisition of 11 LNG carriers amid strategic transformation

After its recently announced pivot towards the LNG shipping sector, New York-listed shipowner Capital Product Partners L.P. has closed the umbrella agreement initiated last November, paving the way for the acquisition of 11 newbuild liquefied natural gas carrier vessels. As reported by Offshore Ener

about 2 years ago
methanol bunkering Singapore
Shipbuilding

Meeting IMO’s 2030 targets not out of grasp?

Despite the challenges that defined this year, the maritime industry may be closing the chapter on 2023 with a sense of optimism. Namely, BIMCO’s recent analysis provides a beacon of hope, suggesting that the International Maritime Organization’s (IMO) ambitious goal of achieving 5% zero or near-zer

about 2 years ago
Euronav
Shipbuilding

Performance Shipping inks construction deal for LNG-ready LR2 Aframax duo

Greek tanker owner Performance Shipping has signed two contracts with China Shipbuilding Trading Co. and Shanghai Waigaoqiao Shipbuilding for the construction of two 114,000 dwt LNG-ready LR2 Aframax product/crude oil tankers. The oil tanker vessels are expected to be delivered in January and April

about 2 years ago
Scandlines
Shipbuilding

Scandlines orders onshore charging solution for its electric ferries

Danish ferry operator Scandlines has contracted Norwegian Electric Systems AS (NES) to deliver an onshore charging system for its berth in Puttgarden, Germany. The Norwegian maritime system integrator NES will deliver the land-based charging system to the Puttgarden ferry berth, and connect the equi

about 2 years ago
Great Tema
Shipbuilding

Hyundai Mipo delivers Grimaldi’s 3rd G5-class multipurpose RoRo

The Neapolitan shipping group Grimaldi has taken delivery of the third ro-ro multipurpose unit belonging to its “G5” class of vessels named the Great Tema. The RoRo was built at the Hyundai Mipo Dockyard Co. Ltd shipyard in Ulsan, South Korea, and it is intended for maritime transport services betwe

about 2 years ago
Estonian State Fleet
Shipbuilding

Estonia seeks builder for new zero-emission, battery hydrogen-fueled ferry

Estonia has launched a call for tender to build a next-generation zero-emission battery hydrogen-fuelled ferry for the Virtsu-Kuivastu route.

about 2 years ago
LR nuclear propulsion
Shipbuilding

Zodiac Maritime, HD KSOE & partners team up on nuclear propulsion

UK-based shipping company Zodiac Maritime has teamed up with Lloyd’s Register (LR), South Korean shipbuilder HD KSOE and power plant design and engineering company KEPCO E&C in a joint development project for the research and development of nuclear-propelled ship designs. The companies have signed a

about 2 years ago