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Shipbuilding

Fincantieri to Construct Four More Cruise Ships for Viking

Fincantieri will build a further four ships for Viking, in a deal worth around €1.7bn. As part of an agreement signed in March 2018...

Samsung Heavy wins LNG ship order in Bermuda, Africa

Samsung Heavy Industries Co., the world's third-biggest shipbuilder by order backlog, said Tuesday it has received a 1.16 trillion-won (US$850 million) liquefied natural gas...

Keppel O&M wins US$2.9b newbuild FPSO P-80 contract from Petrobras

Keppel Offshore & Marine (Keppel O&M)’s wholly owned subsidiary, Keppel Shipyard, has won an international tender from Petrobras, for the engineering, procurement and construction...

DSME hit by $975m damage claim from Inpex

Daewoo Shipbuilding & Marine Engineering (DSME) said on Aug. 5 that it has filed an arbitration request with the International Chamber of Commerce (ICC)...

Korea’s Big Three shipbuilders in red despite growing order backlog

South Korea’s three major shipbuilders remain in the red despite hefty new ship orders so far this year, led by high-priced vessels such as...

DSME back to work to meet ship delivery after 51-day strike ends

South Korea’s debt-ridden Daewoo Shipbuilding & Marine Engineering Co. (DSME) is skipping the regular summer break to keep up with the delivery schedule after...

DSME wins order for two LNG carriers

Daewoo Shipbuilding & Marine Engineering (DSME) announced Monday that it received a 649.5-billion-won ($494.8-million) order from a European shipping company for two large liquefied...

HMM places order for feeders at Hyundai Mipo

Hyundai Mipo has received an order from HMM for three 1,800 TEU feeder boxships, with early delivery slots due in Q2 and Q3 2024,...

Daewoo Shipyard Workers Reach Deal To End Strike

South Korean contract workers at the country’s number 3 shipbuilder agreed on Friday to end their strike after accepting a much smaller wage hike...

Korea Shipbuilding wins 2.87 tln-won order for 10 LNG carriers

Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Thursday it has clinched a combined 2.87 trillion-won (US$2.2 billion) order to build 10 liquefied natural...

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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...