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Shipbuilding

Yangzijiang Shipbuilding bags eight contracts worth $567.6m

Yangzijiang Shipbuilding has secured additional shipbuilding contracts for eight vessels with an aggregate contract value of $567.6m (US$440m). In a bourse filing, the company said...

Capital Containers linked to containerships order in South Korea

Capital Containers Ship Management has reportedly ordered three additional containerships at HD Hyundai Mipo, South Korea, according to broker reports. The order is for two...

Methanol plays decarbonisation role in very large ore carrier segment

Qingdao Beihai shipyard has ordered 10 × Everllence B&W 7G80ME-LGIM (-Liquid Gas Injection Methanol) Mk 10.5 engines in connection with the construction of 10...

Royal Caribbean Group secures shipbuilding slots at Meyer Turku through 2036 as part of new long-term agreement

Royal Caribbean Group, a global vacation leader that is redefining the future of vacations, announced a long-term framework agreement with Meyer Turku that secures...

Singapore’s Seatrium selling Texas shipyard to Turkey’s Karpowership for $51 million

Singapore-based Seatrium Limited (SEAT.SI), opens new tab said on Tuesday it has a deal to sell its "surplus" AmFELS Yard shipbuilding facility in Texas...

HD Hyundai Heavy Industries continues pursuit of U.S. Shipyard Acquisition

HD Hyundai Heavy Industries has announced its intention to pursue the acquisition of a U.S. shipyard while stating that it is not considering additional...

Hanwha appoints Former U.S. Deputy National Security Advisor as Global Chief Strategy Officer

Hanwha Group, a global leader in defense, shipbuilding, and energy solutions, has appointed Alex Wong as Global Chief Strategy Officer (CSO) to lead the...

AD Ports Group awards contract to Baku Shipyard for construction of 2 shallow-draft container vessels to serve trade routes across Caspian Sea

AD Ports Group has awarded a contract to Baku Shipyard in Azerbaijan for the construction of two 780 twenty-foot equivalent unit (TEU) shallow-draft container...

Hanwha Ocean wins 1.9 tln-won order for 7 LNG ships from Taiwan’s YangMing

Hanwha Ocean Co. said Wednesday it has clinched a 1.93 trillion-won (US$1.47 billion) order from Taiwan's YangMing Marine Transport Corp. to build seven liquefied...

Product tanker newbuilding contracting drops 86% to nine-year low

“Between January and August, product tanker newbuilding contracting dropped 86% y/y to 2.6 million deadweight tonnes (DWT) representing a nine-year low,” says Filipe Gouveia,...

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Piraeus Port sees 1H2025 revenue & profit increase

PPA S.A. announced its financial results for the first half of 2025, reporting an increase in revenue and profitability, in a period that continues...

Seacon Shipping to acquire 40% stake in CIMC Xinde Leasing and provide guarantee

Seacon Shipping Group Holdings Limited announced that its wholly owned subsidiary has agreed to acquire a 40 percent equity interest in CIMC Xinde Leasing...

KNOT Offshore Partners LP reports strong Q2 2025 results

KNOT Offshore Partners LP reported strong Q2 2025 results. Financial Highlights For the three months ended June 30, 2025 (“Q2 2025”), KNOT Offshore Partners LP...

TORM announces long term incentive program

In accordance with TORM plc’s Remuneration Policy adopted by the Annual General Meeting of TORM on 14 April 2021 and the authorization granted at...

Golar LNG announces pricing of $500 million offering of senior notes due 2030

Golar LNG Limited announced the pricing of a private offering of $500 million in aggregate principal amount of unsecured senior notes due 2030. The...

Carnival raises annual profit forecast on resilient cruise demand, high costs loom 

Carnival Corp raised its annual profit forecast on Monday, leaning on strong demand and...

Baltic index falls on decline across all vessel rates

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving...

The International Chamber of Shipping opens new office in Singapore

The International Chamber of Shipping (ICS) announced the inauguration of a new ICS Representative...

Greece continues to hold the “lead” in international shipping

Greece continues to hold the “lead” in international shipping, remaining in first place worldwide...

Baltic Index hits one-and-a-half year high on strong vessel demand

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving...

Piraeus Port sees 1H2025 revenue & profit increase

PPA S.A. announced its financial results for the first half of 2025, reporting an increase in revenue and profitability, in a period that continues...

DP World and Hapag-Lloyd renew agreement to boost port operations in Brazil

DP World, a global leader in logistics and supply chain solutions, announces the renewal of a long-term agreement with Hapag-Lloyd, one of the world’s...

Piraeus port: Container traffic remains steady in Jan-Aug

Container traffic at Piers II and III of the Container Terminal at the port of Piraeus remained at approximately the same levels as last...

Port of Los Angeles August cargo remains strong as high volume continues

After reaching new cargo heights in July, Port of Los Angeles volume remained strong in August. The Port efficiently processed 958,355 Twenty-Foot Equivalent Units...

Greek ports: Passenger traffic down; movement of goods up

The total passenger traffic in Greek ports recorded a decrease of 1.1% in the first quarter 2025 compared with the first quarter 2024, the...