South Korean shipbuilder Samsung Heavy Industries (SHI) has ceased the production of blocks and equipment for 10 out of the 15 Arctic LNG carriers contracted with Zvezda, Reuters reported. While Samsung has been delivering these components for five of the vessels to Zvezda, following approval from t
Just days after announcing its gradual return to the Red Sea, global cargo shipping giant Maersk finds itself at the center of escalating tensions as its vessel, the Maersk Hangzhou, becomes the target of a missile and small boat swarm by Yemen’s Houthi Group. The assault occurred approximately 55 n
China’s shipping company COSCO Shipping Development has taken delivery of two 700 TEU electric containerships built by COSCO Shipping Heavy Industry (Yangzhou), part of COSCO Shipping Group.
Mermaid Maritime has entered into a facility agreement loan with SinoPac Capital International (HK) Limited to borrow up to $10 million.
Finnish shipbuilder Meyer Turku has celebrated the end of 2023 with another big milestone — the hull assembly of Royal Caribbean International’s Star of the Seas has begun at the yard.
Italian shipbuilder Fincantieri has secured a “green” loan totaling €415 million intended for the construction of ‘low-carbon’ cruise ship Mein Schiff Relax. The loan is being provided by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division and Cassa Depositi e Prestiti (CDP)- Mein Schiff R
Nekkar’s subsidiary Techano Oceanlift has secured a contract with a Turkish shipyard worth approximately €6.5 million to deliver an offshore crane to a newbuild subsea IMR/survey vessel. Techano Oceanlift will supply a 150-tonne knuckle boom crane capable of performing subsea construction and topsid
The European Commission adopted the 12th edition of the European List of ship recycling facilities featuring 45 yards. The updated list renews the inclusion of two yards located in Türkiye and one yard located in the USA, after 5 years on the list. These include Leyal Gemi Söküm Sanayi ve Ticaret Lt
Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of China State Shipbuilding Corporation, has held a steel-cutting ceremony for an oil product tanker owned by Singapore-based ship management company Eastern Pacific Shipping (EPS).
Qatar’s state-owned oil and gas company QatarEnergy has entered into a five-year crude oil supply agreement with Shell International Eastern Trading Company, Singapore (Shell). Commencing in January 2024, the deal encompasses the supply of up to 18 million barrels annually of Qatar Land and Qatar Ma
Crowley’s eWolf, the first all-electric ship assist tug in the U.S., has commenced sea trials along the U.S. Gulf Coast, the company confirmed on social media. The ship is being built by Master Boat Builders’ (MBB) shipyard in Coden, Alabama, and is expected to be delivered in 2024. eWolf will suppo
Starting in fiscal 2024, Japanese shipping company NYK plans to launch full-scale trials of the long-term use of biofuels in navigating its existing heavy oil-fired vessels. Biofuels are produced from biological sources (biomass), such as waste cooking oil, and are considered to have net-zero CO2 em
South Korean Taihan Cable & Solution has acquired what is said to be Korea’s only cable-laying vessel (CLV) for the offshore wind market. Taihan, which announced the purchase on December 20, bought the vessel for approximately $38.4 million. The CLV, equipped with self-propulsion and a DP2 system, c
Japanese shipbuilders Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard, a joint venture between Imabari Shipbuilding Co, and Japan Marine United Corporation, have signed a Memorandum of Understanding (MOU) with compatriot Mitsui & Co. and Mitsubishi Corpo
