News

Bulker orders likely to show 33% decline

Shipyards in the world are expected to win bulker newbuilds of a combined 21.5m dwt this year, representing about 33% year-on-year decline. Maritime Strategies International (MSI) has recently noted via a report, "Ship prices ha..

News > Shipbuilding > 2024-04-19 09:28:34

Korea achieves 500th LNGC exports

South Korean shipbuilding industry has logged the 500th LNG carrier exports. Samsung Heavy Industries had a naming ceremony for large-sized LNG carrier 'Orion Spirit' on April 18 at its Geoje shipyard. This vessel, which m..

News > Shipbuilding > 2024-04-19 09:26:32

HD Hyundai targets U.S. warship autonomous system

HD Hyundai Heavy Industries (HD HHI), a South Korean shipbuilder, signed a strategic partnership focused on designing and producing autonomous naval systems for U.S.Navy with Anduril Industries (Anduril), a U.S. unmanned defense company..

News > Shipbuilding > 2024-04-19 09:24:30

New VLAC demands expected to soar

The global surge in demand for clean energy is expected to lead to a significant increase in orders for very large ammonia carriers (VLACs). As ammonia gains prominence as one of the most realistic environmentally friendly fuels to achi..

News > Shipbuilding > 2024-04-19 09:22:29

Haitong wins 4 BCs

Taiwan’s Franbo Lines placed an order for four Ultramax bulkers with a Chinese shipbuilder, breaking from the tradition of ordering ships from the Japanese shipbuilding industry. According to industry sources and foreign media,..

News > Shipbuilding > 2024-04-19 09:20:27

China dominated S&P market in 1Q

During the first three months of 2024, Chinese shipowners dominated the sale-and-purchase market. According to Veson Nautical, China spent over $2.3bn in purchasing a total of 74 vessels, which is nearly three times the amount spent ..

News > Shipping > 2024-04-19 09:18:27

Japanese firms to build next-gen boxship

Imoto Lines and Marindows, as a first step in transforming the future of domestic maritime shipping, will build the next generation of zero-emission domestic container ships capable of hybrid operation using Japan's first exchangeab..

News > Shipbuilding > 2024-04-19 09:16:27

Rio Tinto selects Alfa Laval 'OceanGlide'

Alfa Laval will provide Rio Tinto, the world’s largest dry bulk shipper, with the OceanGlide fluidic air lubrication system. This innovative system enhances a ship’s propulsion efficiency and energy savings while sailing. ..

News > Equipment > 2024-04-19 09:14:20

Wartsila systems chosen for Purus VLEGCs

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply cargo handling and fuel supply systems for three new large sized ethane gas carrier (VLEC) vessels. The ships are being built at the HD Hyundai H..

News > Equipment > 2024-04-19 09:12:18

MAN provides methanol genset with CSSC

MAN Energy Solutions has received an order for 3 × MAN 6L21/31DF-M (Dual Fuel-Methanol) GenSets capable of running on methanol in connection with the construction of a 7,990 dwt IMO Type II chemical bunker tanker. The dual-fuel..

News > Equipment > 2024-04-19 09:10:32