South Korean shipbuilder Samsung Heavy Industries (SHI) has completed the conceptual design for a CMSR Power barge, a floating facility for offshore nuclear power plants, and secured approval in principle from the U.S.-bassed ABS classification society. A compact molten salt reactor (CMSR) power bar
Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding has started off the year with the delivery of a 190,000-ton dual-fuel LNG bulk carrier named Ubuntu Equality. The giant vessel was built for Taiwanese bulk carrier company U-Ming Marine and it is a sister ship to Ubuntu Harmony, delivered at the e
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has completed the installation of the first Seawing, an automated kite system that harnesses wind power, on a Capesize bulk carrier at the end of 2022. The installation was in line with the previously announced schedule, as K Line had been pla
China Merchants Industry Holding (CMI), a manufacturing flagship of China Merchants Group, has won a contract for the construction of up to eight 180,000 cbm LNG carriers from an undisclosed European shipowner. The company behind the contract, which includes four firm orders plus four options, is be
2022 has been a stellar year for methanol as an alternative fuel for ships as owners look to solutions to decarbonize their fleets. Based on the data from DNV, there are currently a total of 82 methanol-powered ships in operation and on order. The figure grew considerably from what we reported in Au
As we enter a new year, it is time for us to have a look back at the most-read stories from the past year. 2022 has been a rather turbulent year in many respects. As the world started to emerge from the COVID-19 pandemic, another black swan event rocked the shipping markets to the core, […]
Finnlines’ second Superstar vessel Finncanopus was launched at the China Merchants Jinling Shipyard in Weihai on 30 December, the company announced. The first, Finnsirius, was launched in August 2022 and the keel laying of the second one was celebrated on 1 September 2022. The company ordered the sh
Taiwanese shipping company Wan Hai Lines held ship naming ceremonies for three 3,013 TEU containerships built by Japan Marine United Corporation TSU Shipyard. The vessels were named WAN HAI 356, WAN HAI 358, and WAN HAI 359. The trio features fully balanced twisted bulb rudders, pre-swirl fin, and a
Oil major Chevron has teamed up with Singapore-based shipping giant Ocean Network Express (ONE) to complete inaugural biofuel bunkering on a 4,800 TEU containership.
South Korean shipbuilder Hyundai Samho Heavy Industries hosted keel laying ceremonies for two LNG carriers on the same day earlier this week. The keels were laid for two 174,000 cbm LNG carriers that are being built for Norway-based Knutsen OAS Shipping AS. The vessels will be classed by Lloyd’s Reg
Container shipping major Maersk has launched the construction of its 16,200 TEU dual-fuel containerships that can run on green methanol. Namely, South Korean shipbuilder Hyundai Heavy Industries hosted a steel-cutting ceremony for what is believed to be the first vessel from the series on November 2
South Korea’s defense and energy conglomerate Hanwha Group is reportedly looking to acquire a controlling share in compatriot marine engine maker STX Heavy Industries. Hanwha has set sights on buying a 47.81 percent share in the company from a local equity firm Pinetree Partners worth an estimated K
One of the world’s largest shipbuilders Hyundai Heavy Industries Group has validated the performance of a 1.5MW class LNG/hydrogen hybrid engine (HiMSEN) developed by proprietary technology. The company marked a major milestone last week with the completion of the performance verification of the hyb
Portuguese shipyard Navaltagus, part of industrial ETE group, has awarded a contract to Norwegian firm Zinus to supply the fully autonomous connection enabling the ferry to charge its batteries while berthed.
