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Shipbuilding

Gov’t to support shipbuilding projects involving Arctic routes: minister

The government will provide financial support for projects aimed at building icebreakers that will run through Arctic shipping routes, the oceans minister said Thursday,...

New Shipping linked to suezmax order at SHI

According to broker reports, New Shipping is linked to an order for two suezmax newbuildings at Samsung Heavy Industries (SHI), at a price thought...

Korean designed nuclear-powered LNG carrier certified

Samsung Heavy Industries has obtained Approval in Principle from the American Bureau of Shipping and the Liberian Registry for a 174,000-cubic-metre liquefied natural gas...

Marco Polo Marine and Salt Ship design to collaborate in construction of CSOV Plus

Marco Polo Marine, a reputable regional integrated marine logistics company, announced the selection of Salt Ship Design AS, a renowned Norwegian ship designer, to...

Navios agrees new charters & 4 containership newbuildings deal

Navios Maritime Partners has revealed 5-year charters and an agreement for 4 newbuilding container ships worth USD 460 million. A relevant SEC filing reads: In July...

Evalend linked to suezmax order in S. Korea

HD Hyundai has secured a USD 174 million deal for two 157,000-dwt Suezmax tankers, with delivery set for December 2027. Reports suggest Evalend Shipping is...

Greeks take lead in shipbuilding; orderbook exceeds 600 vessels – report

The Greek orderbook remained at impressively high levels for yet another month, confirming the leading role of Greek shipowners in global shipping. According to the...

Yangzijiang Shipbuilding secures new deals worth $920m

Yangzijiang Shipbuilding (Holdings) Ltd has secured additional shipbuilding contracts for 22 vessels worth around $920m. In a bourse filing, the company said the contracts include...

South Korea bets big on reviving troubled US shipbuilding to woo Trump

South Korean President Lee Jae Myung leaned on promises to “Make American Shipbuilding Great Again” during his first official U.S. trip, as the two...

Hanwha Ocean eyes Brazilian shipyard to back offshore projects

South Korea’s Hanwha Ocean is considering establishing a shipyard in Niterói, in the metropolitan area of Rio de Janeiro, to support local offshore projects...

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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...