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HD Hyundai Heavy Industries to Sign MOA with Peru for Submarine Co-Development

HD Hyundai Heavy Industries (HD KSOE) is set to sign a Memorandum of Agreement (MOA) with Peru this week for the joint development of submarines. This agreement marks a significant step forward from the Memorandum of Understanding (MOU)..

News > Shipbuilding > 2025-04-25 16:13:31

Wartsila develops floating ammonia-to-hydrogen cracker

Wärtsilä Gas Solutions, part of technology group Wärtsilä, and Höegh Evi, a global leader in marine energy infrastructure, have successfully completed development of the world’s first floating ammonia-to-h..

News > Equipment > 2025-04-25 15:36:23

BV classes methanol-ready tankers

Bureau Veritas Marine & Offshore (BV) is reinforcing its commitment to sustainable shipping by classing a series of methanol-ready oil and chemical tankers for Union Maritime, which are currently being equipped with wind propulsion ..

News > Shipping > 2025-04-25 15:25:12

KㅡShipbuilders Rekindle Order Rally

Shift Toward Eco-Friendly Vessels Gains Momentum Korea’s shipbuilding industry is reigniting its order rally, reaffirming its global prominence. Major players including HD Hyundai, Samsung Heavy Industries, and Hanwha Ocean ..

News > Shipbuilding > 2025-04-25 14:55:55

Japan holds 12% of global fleet and ranks 3rd in the world

Japan now owns 12% of the global fleet's deadweight tonnage (DWT), making it the third-largest shipowning nation in the world. Niels Rasmussen, Chief Shipping Analyst at BIMCO, stated that Japan is one of only a few countries who..

News > Shipbuilding > 2025-04-25 14:35:35

K Shipbuilding bags PC quartet

K Shipbuilding has unveiled new order sales for four 50,000 dwt oil & chemical product carriers (PCs). The South Korean mid-sized shipbuilder signed contracts with two European shipowners on April 15 and April 24 for the construc..

News > Shipbuilding > 2025-04-25 14:26:13

US LNG project calls on approval from authorities

While approvals for US LNG export projects, which had been suspended for a while due to the new US administration's support for fossil fuels, are being actively resumed, the 'Commonwealth LNG Project' located in Louisiana, U..

News > Shipping > 2025-04-25 14:06:45

Hanwha Ocean likely to win another VLCCs

Hanwha Ocean is said to have won two very large crude carriers (VLCCs) from Swiss operator Advantage Tankers. According to industrial source, the two companies have recently signed a letter of intent (LOI) for the construction of 320..

News > Shipbuilding > 2025-04-25 12:12:40

HD Hyundai Samho & SHI win methanol-fueled boxships from Taiwan

HD Hyundai Samho and Samsung Heavy Industries have each received orders from Taiwan's Wan Hai Lines for two 16,000-teu methanol dual-fuel container ships, totaling four vessels. According to industry sources, the deal, worth arou..

News > Shipbuilding > 2025-04-25 11:12:17

HD Hyundai actively wins boxship orders

HD Hyundai's shipbuilding affiliates have won new containership orders for the two consecutive days. HD Hyundai Mipo announced on April 24 that it was awarded two small- and mid-sized containerships by an Asian operator. The v..

News > Shipbuilding > 2025-04-25 11:04:36