News

Fincantieri boasts robust order sales

Fincantieri achieved the largest order intakes ever last 2024. The state-owned shipbuilding group of Italia has significantly improved its performance under CEO Pierroberto Folgiero, thanks to strong growth in its maritime division. ..

News > Shipbuilding > 2025-03-25 16:12:04

Samsung Heavy Industries, Is Rising Interest Expense Its Achilles’ Heel?

Samsung Heavy Industries (SHI) recorded its highest interest expenses in the past five years last year, raising concerns that despite the booming shipbuilding industry, the company may not fully reap the benefits due to rising financial..

News > Shipbuilding > 2025-03-25 15:55:55

HD Hyundai Mipo turns around in 2024

HD Hyundai Mipo logged revenue of KRW 4.63trn (USD $3.15bn) and operating profit of KRW 88.5bn in 2024. Compared to the previous year, the South Korean shipbuilder saw a 15% increase in its revenue and turned around from loss of KRW 152..

News > Shipbuilding > 2025-03-25 15:49:36

Shipbuilding Game Changer, Nuclear-Powered Propulsion Ships

The shipbuilding industry is showing increasing interest in nuclear-powered propulsion systems, which have the potential to become a game changer in the future. Currently, the industry has entered its third super cycle, driven by fue..

News > Shipbuilding > 2025-03-25 15:44:44

U.S. attracts investment in domestic shipbuilding

While expectations are being high on the shipbuilding collaboration of South Korea and the U.S., driven by President Trump's return to the White House, there is also a lot of interest and support in the U.S. regarding this. However,..

News > Shipbuilding > 2025-03-25 14:55:42

Making US shipbuilding great again 'not easy'

Some forecast Trump crackdown on Chinese ships is likely to benefit South Korean and Japanese shipyards. However, it doesn't seem quite easy. The Trump administration has unveiled a proposal to impose port entry fees on shipping ..

News > Shipbuilding > 2025-03-25 14:02:28

Shipbuilding orders rise slightly this year

South Korean shipbuilders are expected to receive new ship orders this year at USD 43 billion, up 6.1 percent from a year earlier, according to a forecast. According to a recent analysis of the Korean shipbuilding industry by Nomura&..

News > Shipbuilding > 2025-03-25 11:03:03

Drydocks World scores FPSO gig

Drydocks World has recently been awarded the contract for the refurbishment and life extension of the FPSO BAOBAB IVOIRIEN, by MODEC Management Services Pte. Ltd., further strengthening its position as a global leader in complex offshor..

News > Offshore > 2025-03-25 09:24:40

MOL to deploy ammonia vessels

Mitsui O.S.K. Lines (MOL) announced on March 24 that the company and its wholly-owned subsidiary MOL Chemical Tankers (MOLCT), along with Belgium-based CMB.TECH NV, have decided to jointly own and charter a total of nine Capesize bulker..

News > Shipping > 2025-03-25 09:16:30

VARD finishes green cruise ship test

VARD announced on March 24 that it is developing the concept for the world’s most innovative cruise design and researching to find the optimal design methods suitable for zero-emission ships. Hurtigruten’s vision for the ..

News > Shipbuilding > 2025-03-25 09:12:24