New Times Shipbuilding Co. (NTS) has delivered the sixth in a series of ten new eco-friendly tankers to Hong Kong-based leasing major China Development Bank Financial Leasing (CDB Leasing).
Fujian’s first pure battery-powered cruise ship has been launched at Fujian Funing Shipbuilding Co., the battery-powered ship assembly base of Fujian Shipbuilding Industry Group Company.
Towage operator Svitzer, part of A.P. Moller – Maersk, has launched the second phase of its project to design the world’s first methanol hybrid fuel cell (MHFC) tug. In the first phase, Svitzer conducted technical studies to establish the feasibility of this type of vessel accommodating the real-wor
Stolt Tankers has welcomed into the fleet Bochem Houston, the first of six newbuilds hired from Belgian shipowner Compagnie Maritime Belge (CMB). The 26,000 dwt ship has joined the company’s Stolt Tanker Joint Service, bringing the number of ships in its deep-sea fleet to 84. The IMO Tier III tanker
Regulatory measures implemented by the International Maritime Organization (IMO) often set out with the noble goal of curbing carbon dioxide (CO2) emissions and promoting sustainability within the global shipping industry. Yet, the journey from regulation to actual emission reduction can be marred b
Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering (DSME), has started the construction of the first Qatar-bound LNG carrier for K3 Consortium comprising H-Line Shipping, Pan Ocean, and SK Shipping. To mark the start of the construction, the shipbuilder held a steel-cutting cer
COSCO Shipping Special Carriers has welcomed into the fleet its second 68,000-ton ice-class multi-purpose pulp ship, named Green Kotka. The methanol-ready ship was built by Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) shipyard. The Green Kotka is designed to navigate polar regions efficiently
Canada’s HaiSea Marine, a joint venture majority-owned by the Haisla Nation in partnership with Seaspan ULC, has welcomed the second emissions-free battery electric tug built by Sanmar Shipyards in Türkiye. The tug named HaiSea Wee’git is joining its sister vessel HaiSea Wamis, which was delivered e
Oslo-listed RoRo vessel operator Wallenius Wilhelmsen ASA has signed a letter of intent for delivery of four 9,350 CEU methanol-capable and ammonia-ready vessels and individual options for an additional eight car carriers. The four vessels are set for delivery from mid-2026 and onwards by China’s Ji
Singapore’s shipbuilder Strategic Marine has commissioned an emissions study to validate greenhouse gas emissions reduction using the Sea Forrest Green Cabin Energy Saving System. Sea Forrest is a company specializing in delivering energy management solutions through marine electric and hybrid propu
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has started building a new wharf to facilitate the construction of large-scale LNG carriers. According to a statement by CSSC, Jiangnan Shipbuilding held a groundbreaking ceremony on 10 August for this wharf project
The successful completion of the oil transfer operation from the FSO Safer marks a significant milestone in averting a potential environmental and humanitarian catastrophe in the Red Sea. However, the mission is far from over, as the next crucial steps involve making a decision that would ensure the
Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, t
South Korea’s shipbuilding prowess has once again taken the spotlight as it recaptured the top spot in global shipbuilding orders after a five-month hiatus. South Korean shipyards secured 44 percent of the global total of 3.33 million compensated gross tons (CGTs), accounting for orders totaling 1.4
