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Global shipyards' orders plummeted

The global shipbuilding industry's order intakes have been noticeably declined this year. Some are even raising concerns that the industry's 'super-cycle' that has continued since around 2021 is coming to an end. Last..

News > Market > 2025-06-05 10:16:51

Hanwha Ocean Rides the ‘Lee Jae-myung K-Shipbuilding Vision’ to Global Expansion

Top Naval Officials Meet in Geoje – U.S. MRO Business Gears Up Hanwha Ocean is leveraging the newly unveiled "K-Shipbuilding Vision" of President Lee Jae-myung to cement its global leadership in both commercial and de..

News > Shipbuilding > 2025-06-05 08:28:15

"US-China Tension Will Outlast Trump"

Wah Kwong chairman warns shipping must brace for long-term geopolitical friction “This is bigger than Trump — a structural power shift is underway” “China is indispensable in green fuel, equipment, and cargo ..

News > Shipping > 2025-06-05 08:23:23

"Chinese Orders Fueling Naval Expansion"

US-China maritime power struggle is playing out at sea “Chinese shipyards building naval and commercial vessels side-by-side” “China building the equivalent of the UK Navy every two years” Commercial shipb..

News > Shipbuilding > 2025-06-05 08:17:31

“High-Spec Ships Still Don’t Pay”

Marinakis voices frustration over green ship premiums Still open to China orders — “US-China tensions will eventually settle” Evangelos Marinakis, one of the world’s largest shipowners, has voiced deep disapp..

News > Shipping > 2025-06-05 08:12:35

MSC sticks with Chinese yards despite Trump-era pressure

“Energy transition vessels? They’re built in China.” --- Global shipping giant MSC (Mediterranean Shipping Company) has reaffirmed its commitment to Chinese shipbuilders, even amid mounting protectionist signal..

News > Shipping > 2025-06-05 08:08:25

From Boxships to Tankers: China’s Zhoushan Changhong Emerges as New LR2 Powerhouse

Lands up to $530m deal for eight 115,000-dwt product tankers “Chinese ship finance + low-cost strategy wins again” --- Privately-owned Zhoushan Changhong Shipyard of China has secured a landmark deal worth up to $..

News > Shipbuilding > 2025-06-05 08:04:29

KR and HD HHI partner to develop next-generation VLEC

In a move reflecting the growing demand for flexible and energy-efficient gas shipping, South Korea’s Korean Register (KR) and HD Hyundai Heavy Industries (HD HHI) have signed a memorandum of understanding to jointly develop a new..

News > Shipbuilding > 2025-06-04 18:00:20

Equinor eyes electrification of its tanker fleet

Norwegian energy major Equinor is weighing the potential of electrifying parts of its deepsea tanker fleet, marking the latest move by the state-backed company to cut carbon emissions across its maritime operations. Speaking at the N..

News > General > 2025-06-04 17:12:01

MOL-SHI attain AIP for SOFC-fitted LNGC

Mitsui O.S.K. Lines, Ltd. (MOL) announced on June 4 that the Japanese shipping giant and Samsung Heavy Industries Co., Ltd (SHI) have jointly acquired Approval in Principle (AiP) from the Lloyd's Register for the design of a 174,000..

News > Equipment > 2025-06-04 16:07:21