Greece shipowners continue to order new tankers in large volume and industry players see those units are for their fleet renewal goal. According to BRS Group, a French ship broker, about 30% (105) of 333 tankers on order were signed ..
Japan’s Tsuneishi Shipbuilding is making a big push in the methanol-fueled vessel sector, raising its competitiveness in the environmental and high-valued ship market. According to industry sources and foreign media, the Japane..
Hyundai Mipo Dockyard (HMD) disclosed on May 30th that it had secured a contract for two product carriers (PCs) from a North American ship operator. Industry players claim that the operator could be Canada's Algoma Central Corporati..
Pherousa Green Shipping plans to order for up to six ultramax bulkers with ammonia-to-hydrogen cracking technology onboard. According to industry sources and foreign media, the initial Ultramax ship design was desgined by Deltamarin ..
Major Greek shipowner Alpha Bulkers Shipmanagement ordered two Ultramax bulkers at Chinses shipbuilding industry. According to industry sources and TradeWinds, the two new vessels will be the first vessels to join Athens-based compan..
The South Korean shipbuilding industry secured 4.39m cgt of newbuild orders in May 2023, representing a 40% drop compared to 7.27m cgt in May 2022. According to the Busan Marine Equipment Association (BMEA), the majority of the order..
K Shipbuilding has entered a contract with Greece's Chemnav Shipmanagement to build two MR tankers. According to industry sources and TradeWinds, Chemnav which used to focus on selling second-hand ships resumed its newbuilding or..
Global shipbuilders secured orders totaling 1.4m cgt in May, marking a 57% decrease compared to the 3.25m cgt acquired in May 2022. According to Clarksons Research, China dominated the order sales market with 79% (44 vessels, 1.1m cg..
Samsung Heavy Industries (SHI) announced on June 2 that the company had signed a construction deal with an Oceanian shipowner. The deal, worth KRW 227.5bn, is for two crude carriers set to be delivered by February 2026. This deal ..
Korea's shipbuilding exports recorded $1.022bn in May, down by 48% from $1.964bn from the same period last year. The Ministry of Trade Industry and Energy (MOTIE) of South Korea said, "Work has started on orders from 2021, w..