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Shipbuilding

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...

K Shipbuilding enters M&A Market, seeks trillion-won valuation

K Shipbuilding Co., a mid-sized shipbuilder which was previously called STX Offshore & Shipbuilding, has been put up for sale. The selling side expects...

Sinokor orders boxships at HD Hyundai

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has signed a contract with an Oceania shipping company to build four container ships. The order...

Navios Maritime Partners linked to boxship order

Navios Maritime Partners linked to boxship order Navios Maritime Partners has reportedly placed an order for four modern boxships at HJ Shipbuilding & Construction....

China approves merger of CSSC and CSIC to create world’s largest shipbuilder

The Shanghai Stock Exchange has reportedly approved the merger of China State Shipbuilding Corporation and China Shipbuilding Industry Corporation, setting the stage for the...

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Seaspan Becomes First International Ship Owner & Operator to Access China’s Panda Bond Market

Seaspan, a leading independent maritime asset owner and operator, is pleased to announce the successful issuance of a RMB 1.5 billion Panda Bond in...

DHT Holdings Announces Record Second Quarter 2026 Results

DHT Holdings announced its results for the quarter ended June 30, 2026.

Dorian LPG posts record profit

Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers...

Star Bulk Carriers Reports Strongest Quarterly Results Since Second Quarter Of 2022

Star Bulk Carriers announced its unaudited financial and operating results for the second quarter of 2026.

Genco Announces Q2 2026 Financial Results; Declares Dividend of $0.80 per Share for Q2 2026

Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, reported...

Shipping Industry Sees Major Obstacles to Iran’s Hormuz Control Plan

A proposed deal between Iran and Oman that would give Tehran control over ships...

UK continues crackdown on Russia with tough new sanctions

Russian banks, shadow fleet ships and shady businesses have been slapped with UK sanctions...

Panama Canal Announces New Draft Adjustments for Neopanamax Locks

The Panama Canal Authority announced, through a notice to shipping companies, that effective August...

Iran Says Hormuz Shipping Route Announcement With Oman Nears

Iran and Oman have reached an understanding on the geographic coordinates for a shipping...

Yemen’s Houthis Deny Plans To Impose Fees On Ships Sailing Through Red Sea

Yemen’s Houthi-run maritime coordination body denied on Saturday that it planned to impose fees...

DP World Expands Cold Chain Capabilities With New €48m Antwerp Hub

DP World will build a new temperature-controlled logistics hub in the Port of Antwerp. The project begins with an initial investment of EUR 48...

Port of Klaipėda delivers strong performance in 1H2026

The Port of Klaipėda delivered a strong performance in the first half of the year, demonstrating resilience in a changing market environment and further...

DP World Accelerates Port Decarbonization in Chile

DP World is expanding the electrification of its port operations in Chile with the introduction of seven 100% electric Internal Transfer Vehicles (ITVs) and...

Piraeus container traffic remains resilient despite Red Sea shipping disruptions

Container traffic at the Port of Piraeus remained resilient in the first half of 2026 despite mounting disruption to global shipping caused by the...

Port of Long Beach, MARAD agree to test nuclear-powered vessels

The U.S. Department of Transportation’s Maritime Administration (MARAD) today joined leaders from California’s Port of Long Beach to celebrate a new partnership focused on...