Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nihon Shipyard Co., a Tokyo-based joint venture for ship design and sales between Imabari Shipbuilding Co. and Japan Marine United Corporation, have started a joint study for the development of an ocean-going liquified C
South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) has been awarded a contract for the construction of five containerships for an undisclosed shipown
Competition authorities have approved the merger of ship management companies OSM Maritime Group and Thome Group. The merged company, OSM Thome, will be a powerhouse in the international ship management market, represented in 22 countries and headquartered in Arendal, Norway. “This is a big day for
Dalian Shipbuilding (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has kicked off construction of another LNG-powered 16,000 TEU containership for Swiss shipping giant Mediterranean Shipping Company (MSC). The construction of the ship began on 15 May with the steel-cutting cere
The retrofitting cost of an existing ship fitted with a two-stroke engine to a dual-fuel engine should not exceed 25 percent of the ship’s newbuilding cost, according to an assessment from DNV and MAN Energy Solutions. The duo carried out an analysis of how retrofitting the existing maritime fleet t
Prominent container shipping lines Ocean Network Express Ptd. Ltd. (ONE) and Wan Hai Lines, Ltd. and Wan Hai Lines (USA) Ltd. (Wan Hai) have paid a combined total of $2.65 million in civil penalties to resolve allegations of misconduct brought by the U.S. Federal Maritime Commission. Singapore-based
The U.S. Coast Guard has carried out a rescue mission of three offshore workers from an oil rig off the coast of the United States.
Ammonia power solutions company Amogy Inc., shipping company Skansi Offshore and system developer and integrator SEAM have signed a Memorandum of Understanding (MoU) to investigate potential technology collaboration in the field of ammonia application, with the common goal of decarbonising the offsh
China Merchants Energy Shipping (CMES), listed on the Shanghai Stock Exchange, has announced plans to order additional Aframaxes and LNG carriers. The decision was made during the Twenty-Second Meeting of the Board of Directors, with the board approving the construction of two new-generation Aframax
Athens-based dry bulk shipping firm Star Bulk Carriers revealed that its vessel Star Pavlina was declared a constructive total loss due to its prolonged detainment in Ukraine. The detainment occurred in the wake of Russia’s military action against Ukraine on February 24, 2022, resulting in the vesse
South Korea’s shipbuilder Samsung Heavy Industries (SHI) has announced the development of innovative LNG carriers and containerships during the “Samsung Technical Seminar in Athens” (Samsung Technology Road Show) in Athens, Greece. The company unveiled its “3 Cargo Tank LNGC” and “Eco Container Ship
South Korean shipping behemoth HMM has reportedly entered the fray in the race to acquire Hyundai LNG Shipping, the nation’s leading transporter of liquefied natural gas (LNG). Market reports indicate that HMM has made its intentions known to IMM Private Equity, expressing its desire to conduct due
Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a basic agreement with compatriot Mitsubishi Gas Chemical Company for a long-term charter of a dual-fuel methanol carrier.
South Korean shipbuilder Hyundai Mipo Dockyard Co. has secured a lucrative order worth 117.3 billion won ($87.6 million) to construct two product carriers for an unnamed African shipper. According to a regulatory filing from today, Hyundai Mipo Dockyard will construct these petrochemical product-car
