On January 20, the Netherlands-based Mercurius Shipping Group signed a contract with China's Jiangxi New Jiangzhou Shipbuilding Heavy Industry in China to build a Duplex stainless steel chemical tanker. According to industry sour..
The Greek shipping company Sun Enterprises has ordered two Suezmax tankers from South Korea's DH Shipbuilding. These two ships, each with a capacity of 158,000 dwt, are expected to be delivered in the first quarter of 2027. Ba..
On January 20, Samsung Heavy Industries (SHI) announced that it received an order for a 180,000-cbm LNG carrier. The deal seems to be linked to Celsius Tankers, a tanker subsidiary of the Danish shipping company Celsius Shipping. ..
The global shipping industry is expected to see a flurry of ship deliveries in 2025 after years of robust new orders. In the bulker sector, according to Intermodal Shipbrokers, a total of 541 vessels are expected to enter service in ..
Hengli Heavy Industries (formerly known as STX Dalian) successfully drew the curtains for christening two 82,000 dwt bulkers a few days back. According to industry sources, the two bulker newbuilds were named 'BH PROGRESS' an..
As Chinese shipbuilding is likely to maintain strong momentum in 2025, the steel plate demand may also see some benefits. However, the steel plate market could face continued pressure this year due to growing capacity. Steel demand i..
Hanwha Systems announced on the 21st of this month that it became the first company in Asia to receive certification from the American Bureau of Shipping (ABS) for its self-developed 'vessel-oriented cyber security solution'. ..
Navig8 is pleased to announce that it has commenced the commercial management of the ADNOC L&S tanker fleet, comprising 20 vessels. This strategic move sees eight VLCCs, eight LR2s, and four LR1s join Navig8’s market-leadin..
Mitsui O.S.K. Lines, Ltd. (MOL) and Marubeni Corporation announced today that the two companies have entered into a shareholders agreement to jointly establish a new company, called Marubeni MOL Forests Co., Ltd., to create, purchase, s..
San Dian Shui New Energy Technology (SDSNET), part of Wuhu Shipyard under the China State Shipbuilding Corporation (CSSC), officially opened its headquarters in Wuhan, China, on January 18. During the opening, SDSNET made a deal with..
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