South Korea’s shipbuilding giant Hyundai Heavy Industries Holdings (HHIH) expects to complete the acquisition of smaller rival Daewoo Shipbuilding & Marine Engineering (DSME) by the end of the first half of 2021.
Keppel Offshore & Marine Ltd (Keppel O&M) has delivered Singapore’s first liquefied natural gas (LNG) bunkering vessel, FueLNG Bellina, to FueLNG, a joint venture between Keppel Offshore & Marine and Shell Eastern Petroleum. Built in Keppel O&M’s Nantong shipyard, FueLNG Bellina is the second LNG bu
The Greek shipping company Minerva, led by Andreas Martinos, has taken delivery of its LNG carrier newbuild, the Minerva Psara.
CSSC (Hong Kong) Shipping Company Limited, a leasing company of China State Shipbuilding Corporation, and Minjun Shipping, wholly-owned by China Minsheng, have entered into a $133 million sale and leaseback deal for four 85,000-DWT bulk carriers. The agreement includes an estimated lease interest of
Taiwanese container shipping company Evergreen Marine has launched negotiations with an unnamed counterparty to sell and leaseback two 24,000 TEU containerships. As disclosed, the deal would be carried out through Evergreen’s subsidiary Greencompass Marine S.A. (GMS). “We will make further disclosur
China’s Shanghai Zhenhua Heavy Industries Co (ZPMC) recently launched the Ulstein-designed JSD 6000 deepwater heavy lift pipelay vessel at its Qidong facility. The vessel construction activities will continue at ZPMC Changxing base for further challenges up to sea trials and delivery stage. The JSD
Japanese shipping major Kawasaki Kisen Kaisha (K Line) expects its first LNG-powered vessel to be delivered this year as the company increases focus on utilizing LNG as fuel. The LNG-fuelled car carrier was launched at Tadotsu Shipyard, part of Imabari Shipbuilding Group, in July 2020, shortly after
Italian shipbuilding major Fincantieri has received a one-month extension for its planned acquisition of the French counterpart Chantiers de l’Atlantique, Reuters reported citing a statement from the French Ministry of Finance. According to the report, Fincantieri accepted the offer. The proposal is
Germany’s shipbuilder Flensburger Schiffbaugesellschaft (FSG) held a keel-laying ceremony today for a roll-on/roll-off (RoRo) vessel to be built for IVP Ship Invest.
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) revealed a contract termination for six containerships worth $711 million. The contract was won in December last year from an undisclosed owner from Africa. The containerships were scheduled for delivery by the end of October 2022. Accord
German shipbuilder Meyer Werft is preparing for the post-COVID-19 future as it is working on a range of new eco-friendly technological solutions for cruise ships.
Chinese shipbuilder Yangzijiang Shipbuilding Group has won a contract to build two 24,000 TEU ultra large containerships, the world’s largest boxships and the largest containerships to be built by the yard. The ships, being built for an unnamed owner, will feature optimized hull designs, high-effici
U-Ming Marine Transport (Singapore), a fully-owned subsidiary of U-Ming Marine Transport Corporation, has held a christening ceremony at Qingdao Beihai Shipyard for M.V. Grand Wisdom, its second 325,000 dwt Very Large Ore Carrier (VLOC). The vessel is equipped with an advanced MAN B&W main engine, a
The black swan year of 2020 has brought many challenges for the shipping industry, including the ongoing crew change crisis, but it has also shown how the sector can be resilient in the face of adversity and pressure. Gavin Allwright, Secretary-General of the International Windship Association (IWSA
