The reopening of the Suez Canal could cause a big increase in container ship recycling this year, says Alphaliner, a shipping market analyst. Recycling could double compared to 2024, when the number of scrapped container ships dropped s..
Noatum, a part of Abu Dhabi Ports (AD Ports), is working with Kazmortransflot, a company owned by Kazakhstan’s state oil company KazMunayGas, to invest in new container ships. According to the news outlet TradeWinds, the two co..
Hengli Heavy Industries has unveiled its advanced "future factory" at its second production base in Dalian, China, marking a significant step forward in the country's shipbuilding capabilities as demand for new vessels sur..
European Maritime Finance(EMF), a Denmark-based fund management company focused on maritime investment, christened the115,000 dwt LR2 tanker quartet built by Daehan Shipbuilding. According to industry sources, the christening ceremo..
South Korean shipbuilder HD Hyundai Samho saw a sharp increase in its operating profit last 2024. HD Korea Shipbuilding & Offshore Engineering (KSOE) announced via a regulatory filing on January 16 that its shipbuilding affiliate..
Zhejiang Zheshang Financial recently came into contact with the restructured Chinese shipyard,Jiangsu Soho Chuangke Shipbuilding, and placed an order for two 63,500 dwt bulkers. According to industry and foreign sources, Zhejiang Zh..
With carbon neutrality policies taking the stage, the demand for hydrogen energy is also on a steep rise. Under such circumstances, the Korean shipbuilding industry is in the process of facilitating the establishment of a value chain re..
The U.S. Trade Representative has recently issued findings in the Section 301 investigation of the People’s Republic of China’s (PRC) targeting the maritime, logistics, and shipbuilding sectors for dominance, concluding that..
A new era of offshore operations has begun with the successful delivery of REACH REMOTE 1, a 24-meter unmanned surface vessel (USV) designed by Kongsberg Maritime. This ground-breaking achievement marks a significant milestone through c..
Trafigura, a market leader in the global commodities industry, in collaboration with CF Industries, the world’s largest producer of ammonia, today announced the completion of the first co-loaded ammonia and propane shipment operat..
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