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Shipbuilding

COSCO launches major newbuilding program

On July 29, COSCO SHIPPING Development (CSD) announced a major move in its ship leasing and industrial-finance integration strategy, committing more than RMB 6...

Hanwha Ocean swings to Q2 profit on high-end ships

Hanwha Ocean Co., a major South Korean shipbuilder, said Tuesday it returned to the black in the second quarter from a year earlier, backed...

Hyundai Hyms sale kicks off as J& Private Equity sends out teaser letters

Hyundai Hyms Co., a Kosdaq-listed ship block manufacturer, is officially on the auction block as its private equity owner, J& Private Equity (J&PE), begins...

Daehan Shipbuilding’s IPO draws strong demand ahead of Kospi debut

DH Shipbuilding, a mid-to-large-sized South Korean shipbuilder, has successfully wrapped up its institutional bookbuilding ahead of its Kospi listing, in what may signal a...

Hanwha Philly Shipyard wins 1st LNG carrier order under Hanwha ownership

Hanwha Philly Shipyard, a U.S.-based shipyard recently acquired by South Korea's Hanwha Ocean Co., has secured a 348 billion-won (US$251.2 million) contract for a...

Yang Ming orders LNG dual-fuel vessels from Hanwha Ocean advancing its fleet optimization plan

As part of its ongoing fleet optimization plan, Yang Ming Marine Transport Corporation held its 404th Board Meeting and approved the order of seven...

Skaramangas Shipyards, TKMS sign submarines MoU

A Memorandum of Understanding (MoU) between the German company TKMS (Thyssenkrupp Marine Systems) and Skaramangas Shipyards, regarding the implementation of a Mid-Life Upgrade (MLU)...

HD Hyundai seeking to expand its reach to Morocco, following the U.S. and India

HD Hyundai Heavy Industries is seeking to establish a new production base in the North African nation of Morocco. With its docks already full...

Seaspan signs MoU to reestablish domestic supply chain with Stigterstaal Canada & Algoma Steel

Seaspan Vancouver Shipyards has signed a Memorandum of Understanding with Stigterstaal Canada and Algoma Steel Inc. to explore a strategic partnership aimed at reestablishing...

Itochu orders world’s first ammonia bunkering vessel

Itochu Corporation has reached an agreement to build the world’s first ammonia bunkering vessel, aiming to operate by September 2027. The 5,000 cubic meter vessel...

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Subsea 7 S.A. announces first quarter 2026 results

Subsea 7 S.A announced results of Subsea7 Group (the Group, Subsea7) for the first quarter which ended 31 March 2026.  Highlights   • First quarter Adjusted EBITDA...

Pacific International lines delivers resilient earnings in FY2025

PIL Pte Ltd announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04...

ONE delivers profitable full-year result, despite volatility

Ocean Network Express has announced its financial results for FY2025 (April 2025 to March 2026). Revenue for 4Q FY2025 was US$4,042 million, bringing the total...

MOL sees sharp net profit drop

Mitsui O.S.K. Lines (MOL) has reported net profit attributable to shareholders amounting to JPY 213.2bn ($1.3bn), down 49.9% from JPY 425.4bn a year earlier. Ordinary...

Costamare orders 16 containerships in China; posts USD 75 mln net income in Q1

Costamare Inc. reported unaudited financial results for the first quarter ended March 31, 2026 (“Q1 2026”).

Celestyal launches one-day flash sale with fares from 179€

Celestyal has announced a one-day-only flash sale, offering limited-time fares across a selection of...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President to continue her...

Tamara de Gruyter, President, Wärtsilä Energy Storage and Executive Vice President, and a member...

Celestyal launches ‘The Iconic Sale’ with fares from €499

Celestyal has launched its new ‘Iconic Sale’, offering savings across its full Mediterranean and...

Seafarer shares first-hand account with IMO about being stranded in the Persian Gulf

IMO Secretary-General Arsenio Dominguez has called on all Member States to support efforts to...

Columbia Group names Andreas Hadjipetrou new CEO

Columbia Group has appointed Andreas Hadjipetrou as its new Chief Executive Officer, with Demetris...

PPA: Investment of 3.25 million euros

Piraeus Port Authority S.A. (PPA) announced the launch of works for the development of a new park featuring a model playground and a cycling...

Piraeus Port is resilient – Record performance and investments of 1.4 billion euros

The resilience and growth prospects of the Port of Piraeus, despite heightened geopolitical turbulence affecting shipping and transport, were highlighted by the Deputy CEO...

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but ​said...

Throughput in the port of Rotterdam remains stable, with a slight decline of 0.7%

Throughput at the port of Rotterdam fell slightly by 0.7% in the first quarter of 2026 compared with the same period last year. Throughput...

High-level meeting on European strategies for the maritime industry and ports

A high-level meeting on the implementation of the European Maritime Industrial Strategy and the European Ports Strategy will be hosted in Athens on April...