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HD KSOE hits 5 quarters of continuous profitability

In the second quarter of 2024, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) reported sales of KRW 6.6155trn, up by a 21.3% increase from the previous year's same period. This growth reflects substantial contributions f..

News > Shipbuilding > 2024-07-26 09:48:06

SHI sees 68% increase in profits

Samsung Heavy Industries (SHI) announced on July 25 that the South Korean shipbuilding heavyweight logged operating profit of KRW 130.7bn (about $94.4m) for the second quarter of 2024, up by about 68% over the same period of 2023. Posti..

News > Shipbuilding > 2024-07-26 09:44:05

Boxship fleet growing at its fastest pace in 15 years

The containership fleet is experiencing its most rapid growth in 15 years, driven by a surge in newbuild deliveries. Since the start of this year, the fleet's capacity has grown by 1.6 million TEU, marking an 11% increase from last ..

News > Shipping > 2024-07-26 09:40:03

'GasLog Italy' christened at Hanwha Ocean

A christening ceremony for the 174,000 cbm LNG carrier 'GasLog Italy' of Greek shipping company Gaslog was held on July 10 at Hanwha Ocean's Geoje shipyard. On the day, Ilaria Azzimonti, Head of LNG Portfolio at Eni, serv..

News > Shipbuilding > 2024-07-26 09:34:59

MPCC received methanol-ready boxship from Korea

Norwegian container ship operator MPC Container Ships (MPCC) has received its final 5,500 teu methanol-ready container vessel from South Korean shipyard HJ Shipbuilding & Construction. Named Colorado, the ship was delivered on Ju..

News > Shipbuilding > 2024-07-26 09:28:58

MOL earns ClassNK's certification for social data

Mitsui O.S.K. Lines (MOL) announced on July 25 that it has become the first Japanese shipping company to acquire third-party certification from Nippon Kaiji Kyokai (ClassNK) for social data in the area of human resources collected from ..

News > General > 2024-07-26 09:26:54

Chevron lubrication solution approved by WinGD

Chevron Marine Lubricants’ Taro Ultra Advanced 40 formulation has been granted LNG Validation status by Swiss marine power company WinGD. It covers all WinGD gas (LNG burning) engines and follows the previously granted ‘gas ..

News > Equipment > 2024-07-26 09:20:46

d’Amico cancels MR tanker deal

d’Amico International Shipping (DIS) announced on July 24 that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (d’Amico Tankers), has cancelled the memorandum of agreement originally signed on April 9th, 2024..

News > Shipping > 2024-07-26 09:14:40

Castor acquires Ultramax bulker

Castor Maritime announced that on July 16, it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015-built Ultramax dry bulk carrier vessel from an unaffiliated third-party, for a purchase price of $25...

News > Shipping > 2024-07-26 09:08:36

TotalEnergies buys 50% stake in OranjeWind

TotalEnergies announced on July 24 that it signed agreements with German renewable developer RWE, to acquire a 50% stake in OranjeWind, a 795 MW offshore wind farm under development in the Netherlands. TotalEnergies will dedicate its..

News > Offshore > 2024-07-26 09:02:24