The world’s four major classification societies American Bureau of Shipping (ABS), DNV, Lloyd’s register (LR), and Bureau Veritas (BV) have issued an approval in principle (AIP) to Hudong-Zhonghua (HZ) Shipyard for its new liquified natural gas (LNG) carrier design, currently the world’s largest wit
CSSC Chengxi Shipyard has signed a contract with Zhi Zhan Pte Ltd. of Singfar Holdings Pte, a distinguished Singaporean shipowner, for the construction of four 50,000-ton product tankers. This collaborative endeavor marks a significant milestone in CSSC Chengxi Shipyard’s journey, which has secured
A fleet of 55 carbon dioxide (CO2) carriers will be required by 2030 to meet the upcoming demand from the offshore storage projects, according to Rystad Energy, which estimates that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade. The estimated volume will
The Grimaldi Group has taken delivery of its second con-ro multipurpose ship of the G5 class named the Great Lagos. The G5-class vessel was built by Hyundai Mipo Dockyard Co. Ltd. in Ulsan, South Korea. It is able to transport 4,700 linear metres of rolling freight, 2,500 Car Equivalent Units (CEU)
Hamburg Port Authority (HPA) and AIDA Cruises have signed a long-term agreement (LTA) to strengthen Hamburg as a cruise location.
Chinese powerhouses Cosco Shipping Energy and Sinopec Kantons Holdings, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), have signed an order for the construction of three 175,000 cbm liquified natural gas carriers with the compatriot shipbuilder Dalian Shipbuilding Industry Co. Det
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor, and TotalEnergies, has placed an order for the third LNG-powered, wind-assisted CO2 carrier at China’s Dalian Shipbuilding Offshore Co. (DSOC).
Hamburg-based shipping company United Product Tankers (UPT), part of German firm Schoeller Holdings, has confirmed the order for four eco-friendly tankers in China.
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has launched a 7,600 CEU liquefied natural gas (LNG) dual-fuel vehicle carrier being built for SAIC Anji Logistics, a subsidiary of China’s automobile manufacturer SAIC Motor. The ship was ordered back in 2022 as part of a
Hong Kong-based shipowner Seaspan has taken delivery of the fifth 15,000 TEU containership powered by liquified natural gas (LNG) from South Korean shipbuilding company Samsung Heavy Industries (SHI).
The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv
Hamburg-based asset and investment manager MPC Capital AG has held a christening ceremony for two green methanol-ready containerships at renowned shipyard HJ Shipbuilding & Construction.
German shipping company E&S Tankers has taken delivery of the first of four of its 6,600 dwt duplex, stainless steel LNG dual-fuel chemical tankers Liselotte Esseberger. “So pleased to take delivery of our first newbuilding, Liselotte Essberger, and rest assure that she is the first of many new vess
Prominent American financial institution JP Morgan has placed an order for two advanced dual-fuel methanol carriers with China’s Guangzhou Shipbuilding International (GSI). The two methanol-powered product tankers each boast a capacity of 50,000 deadweight tons (dwt), according to the data from Athe
