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Sunday, June 16, 2024
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Shipbuilding

Mitsubishi Shipbuilding to Build LNG Bunkering Vessel

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries, Ltd. (MHI) Group based in Yokohama, has concluded a contract with KEYS Bunkering West...

Korean shipbuilders bracing for fallout from Russia war

Russia’s invasion of Ukraine, which has added to disruptions caused by the ongoing coronavirus pandemic, has created increasing uncertainty for most industries, with shipbuilding...

Hyundai Heavy embraces 3rd generation owner family leadership

Chung Ki-sun, grandson of Hyundai Group founder Chung Ju-young, officially takes the helm of the world’s largest shipbuilding group, ushering in the new generation...

Euroseas Signs New Building Agreements for Three 1,800 TEU Feeder Containerships

Euroseas, an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced that it has signed a contract for...

Daewoo Shipbuilding wins 521 bln-won LNG ship order

Daewoo Shipbuilding & Marine Engineering Co. said Friday it has received a 521 billion-won (US$430 million) liquefied natural gas ship order in North America....

Capital Maritime orders containership quartet at Hyundai Mipo

According to latest broker reports, Greek owner Capital Maritime has inked a deal with Hyundai Mipo for the construction of four 2,800-teu units at...

Danaos orders methanol-ready containerships

Danaos Corporation has ordered two methanol ready 7,100 TEU containerships in China. As informed, the vessels will be built at Dalian Shipbuilding in China and...

South Korea yards win most LNG newbuilding orders in Jan, Feb

Clarksons Research announced on March 8 that 41 shipbuilding orders (1.29 million CGT) were placed worldwide last month and South Korean shipbuilders won 16...

Hyundai Heavy Industries to reopen Gunsan shipyard on surging orders

Hyundai Heavy Industries (HHI) has decided to resume the operation of its shipyard on a 1.8 million square meters area of land in Gunsan,...

Shipbuilding shares soar on Europe’s natural gas supply problem

Korean shipbuilding companies saw their stock prices soar Wednesday, on growing expectations that they will receive more liquefied natural gas (LNG) ship orders, as...

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Navigator Gas announces 6 million share secondary offering

Navigator Holdings revealed that BW Group Limited, a shareholder in the company, is publicly offering 6 million shares of Navigator Gas's common stock. The...

Vantage Drilling contemplates the listing of its shares on Euronext Growth in Oslo

Vantage Drilling International is currently exploring a possible listing of its shares on Euronext Growth Oslo, a multilateral trading facility operated by Euronext. A...

London P&I Club reports strong financial results for the 2023/24 financial year

The London P&I Club announced its financial results for 2023/24, reporting an operating surplus of US$36.3m, strengthening its free reserves to US$149.8m. Gross Earned...

Dorian LPG announces pricing of public offering of 2,000,000 common shares

Dorian LPG announced that it has priced its previously announced underwritten public offering of 2,000,000 shares of common stock, par value $0.01 per share,...

Maersk raises full-year guidance

On the back of continued strong container market demand and the disruption caused by the ongoing crisis in the Red Sea, A.P. Møller -...

Havila Shipping ASA: Contracts with Equinor Energy AS for the PSV vessels

The company has entered into contracts with Equinor Energy AS for the PSV vessels...

Posidonia 2024 bids farewell to record number of participants, renews rendezvous for 2026

2,038 exhibitors from 81 countries present at biggest ever Posidonia Posidonia 2024 has already gone...

Baltic index hits near 1-month peak on strong vessels demand

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry...

Iron ore struggles for direction as China data counters soft demand outlook

Prices of iron ore futures struggled for direction on Wednesday as support from improved...

Frontline CEO sees ships avoiding red sea even with a ceasefire

It’s “naive” to assume merchant vessels will start sailing through the Red Sea again...

Port Hedland Iron Ore Exports Up 8%

Pilbara Ports delivered a total monthly throughput of 68.8 million tonnes (Mt) for May 2024. This throughput was a 10 per cent increase compared to...

DP World announces major investments in Latin American ports to boost capacity and efficiency

DP World, a global leader in supply chain solutions, is making significant investments in its port terminals in Peru and Ecuador to enhance capacity...

PPA S.A.: Vibrant and engaging presence at Posidonia 2024

PPA S.A. once again showcases its vibrant and engaging presence at the prestigious Posidonia 2024 international shipping exhibition. Drawing a diverse array of visitors from...

China’s port throughput continues to grow; export decline slows further

Total throughput at China’s ports continued to increase in 1Q24, likely because recovering demand in the US and EU boosted container throughput, Fitch Ratings...

Consortium signs MoU for the development of a green methanol facility in Egypt

AD Ports Group, a facilitator of global trade, logistics and industry, Transmar, a leading container shipping line and terminal operator in the MENA region,...