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Shipbuilding

China Merchants Industry expands into containership manufacture with acquisition of Qingdao Yangfan Shipbuilding

Chinese conglomerate China Merchants Industry Holdings (CMI) recently completed its acquisition of Qingdao Yangfan Shipbuilding. Following the acquisition, Qingdao Yangfan Shipbuilding began operating as China...
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Yangzijiang financial places order for bulk carriers at Jingjiang Nanyang Shipbuilding

After nearly one month, Yangzijiang Financial Holding once again placed a shipbuilding order at Jingjiang Nanyang Shipbuilding. Yangzijiang Financial’s latest investment focus has shifted from...
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Trump signs order to revive us shipbuilding, DOGE review of Navy

President Donald Trump signed an executive order Wednesday that seeks to revive US shipbuilding and will dispatch Elon Musk’s efficiency squad to investigate how...
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Fincantieri and Viking announce the world’s first hydrogen-powered cruise ship and sign contracts for two new units

Fincantieri and Viking announced the first cruise ship in the world to be powered by hydrogen stored onboard for both propulsion and onboard electricity...
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Grimaldi Group orders 9 Ro-Pax vessels in China

The Grimaldi Group has commissioned the construction of nine ropax vessels from China Merchants Jinling Shipyard (Weihai), a China Merchants Group company. The deal...
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HII and HD Hyundai Heavy industries sign memorandum of understanding

HII and HD Hyundai Heavy Industries, two of the world’s leading shipbuilders across multiple classes of ships, signed a memorandum of understanding to explore...
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Seaspan begins construction on heavy polar icebreaker

Seaspan Shipyards cut steel on the Canadian Coast Guard’s new heavy polar icebreaker, signifying the start of construction on one of the most advanced...
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HD Korea Shipbuilding & Offshore Engineering announces new contract for tanker duo

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai specialized in shipbuilding, announced on April 2 that it has recently...
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Diana Shipping becomes strategic partner in two 7,500 cbm Semi-Refrigerated LPG newbuildings

Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that the Company agreed to become...
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Langh takes delivery of first new feeder for Borchard charter

With “Ingrid”, the Finnish shipping group Langh is launching the commissioning of a newbuild series for the container feeder market. The 1,200 TEU freighter was...
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Abu Dhabi Exports Office signs USD235 million syndicated loan agreement to boost UAE trade with Trafigura

In a strategic move to empower UAE exporters and advance the nation’s economic diversification goals, the Abu Dhabi Exports Office (ADEX) has signed a...

Danaos Corporation announces upsizing of its share repurchase program by an additional $100 million

Danaos Corporation announced that its Board of Directors has approved the upsizing of its common stock repurchase program by an additional $100 million. The Company...

Belships goes to Blue Ocean Funds and F. Laeisz

The Norwegian shipping company Belships has new owners: the majority of the shares are now held by the investment platform Blue Ocean Funds. The German...

OceanPal reports Financial Results for the fourth quarter and year ended December 31, 2024

OceanPal Inc., a global shipping company specializing in the ownership of vessels, reported vessel revenues of $5.8 million, a net loss of $8.2...

NYK completes stock acquisition

Nippon Yusen Kabushiki Kaisha announced as follows the status of acquisition of its own common stock approved at the meetings of its Board of...

ICC: Pronounced spike in low-level crimes in Singapore Straits

The ICC International Maritime Bureau has revealed a rise in global piracy and armed...

Trump’s China Ship Fees Set to Hit Global Shipping Giants

Container ships, the workhorses of global trade transporting almost 90% of the world’s...

Baltic index snaps 3-day winning streak on lower capesize rates

The Baltic Exchange’s dry bulk sea freight index fell on Tuesday, snapping a three-day...

Baltic index gains on higher capesize, panamax rates

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

Three NYK Group Shipping and Ship-Management companies to merge

Three shipping and ship-management companies within the NYK Group — namely, Asahi Shipping Co.,...

March volume shows sustained growth at port of Los Angeles

The Port of Los Angeles processed 778,406 Twenty-Foot Equivalent Units (TEUs) in March, 4.7% more than last year. The Port ended the first quarter...

Port of Long Beach busiest in U.S. through first quarter

Coming off its best first quarter on record, the Port of Long Beach is the nation’s busiest port through the first three months of...

CMA CGM, October Dry Port pen strategic partnership to boost Egypt’s logistics sector

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir witnessed the signing of a strategic partnership between the French...

Port of Rotterdam takes important step in making shipping more sustainable: pilot prepares port for safe bunkering of ammonia

Trammo, OCI and James Fisher Fendercare successfully conducted an ammonia bunkering pilot between two vessels at a terminal in the port of Rotterdam on...

Piraeus deputy CEO highlights port’s “great potential”

“The exceptional financial results of 2024 with record performance for another year and top global rankings show the great potential of the port,” said...

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