krogragg

Category: Shipyards

  • MISC lifts Hudong-Zhonghua LNG series

    MISC lifts Hudong-Zhonghua LNG series Malaysia’s MISC has increased its LNG newbuilding programme in China to five vessels after signing for two additional carriers at Hudong-Zhonghua Shipbuilding. The latest order covers a pair of 174,000 cu m newbuilds, which will be chartered to Malaysia’s national oil company Petronas under a 20-year contract. The long-term charter…

  • EPS boosts VLCC series with two more Hengli newbuilds

    EPS boosts VLCC series with two more Hengli newbuilds Singapore-based owner Eastern Pacific Shipping (EPS) is expanding its renewed push into the VLCC segment with two more newbuildings lined up at Hengli Shipbuilding. The vessels form part of a five-ship order for 306,000 dwt VLCCs announced by the Dalian yard last week, with deliveries scheduled…

  • KMTC tied to six HD Hyundai boxships

    KMTC tied to six HD Hyundai boxships Seoul-based liner operator Korea Marine Transport Co (KMTC) has emerged as the owner behind a series of six feeder containership newbuildings booked at HD Hyundai Group yards. Shipbuilding sources say KMTC is the Asian owner behind a KRW 372.4bn ($258m) contract disclosed last week by HD Korea Shipbuilding…

  • Celsius seals Samsung Heavy LNG carrier order

    Celsius seals Samsung Heavy LNG carrier order Celsius Tankers, part of Danish owner Celsius Shipping, has placed an order for an additional 180,000 cu m LNG carrier with South Korea’s Samsung Heavy Industries. The deal brings Celsius Tankers’ LNG fleet to 24 vessels, bolstering the company’s ongoing expansion in the segment. Samsung Heavy Industries confirmed…

  • Finnish roro player Godby books up to four newbuilds in China

    Finnish roro player Godby books up to four newbuilds in China Finland’s Godby Shipping has ordered two roro vessels at CIMC Raffles in China, with options for two more units. The privately owned Åland-based operator, established in 1972, said the order supports its plan to renew the fleet and meet tightening environmental requirements while continuing…

  • Maran Dry returns to newbuilds with capesize order at Hengli

    Maran Dry returns to newbuilds with capesize order at Hengli Maran Dry Management has re-entered the newbuilding market, lining up a series of capesize bulk carriers at China’s Hengli Heavy Industry. The bulker arm of the Angelicoussis Shipping Group, led by Maria Angelicoussis, has contracted four firm capesize vessels at the Dalian yard, with options…

  • Scorpio Tankers lifts Dalian LR2 order to four ships

    Scorpio Tankers lifts Dalian LR2 order to four ships Scorpio Tankers has declared options for two more scrubber-fitted LR2 product tankers at China’s Dalian Shipbuilding Industry Co, doubling its order at the yard to four vessels. The New York-listed owner revealed the move alongside its fourth-quarter 2025 earnings, confirming that the two option ships are…

  • Jinhui adds to ultramax orderbook with New Dayang brace

    Jinhui adds to ultramax orderbook with New Dayang brace Jinhui Shipping and Transportation is adding further depth to its ultramax newbuilding programme, booking two more bulk carriers in China as part of an ongoing fleet renewal drive. The Oslo-listed, Hong Kong-based owner said two wholly owned subsidiaries have signed shipbuilding contracts with Sumec Marine and…

  • Fednav returns to Oshima for new handysize series

    Fednav returns to Oshima for new handysize series Canadian dry bulk owner and operator Fednav is heading back to Japan for a new series of handysize bulkers, marking its latest move in the newbuilding market. The Montreal-based company has signed a letter of intent with Oshima Shipbuilding for four 35,000 dwt lakers, with deliveries scheduled…

  • Capital orders 11 VLCCs in China

    Capital orders 11 VLCCs in China Greek shipowner Evangelos Marinakis is stepping up his tanker expansion, with Capital Maritime and Trading signing contracts for 11 VLCC newbuildings at China’s Hengli Heavy Industry. The order forms part of a wider package disclosed by Songfa Ceramics, the parent company of the Dalian-based shipbuilder, covering 15 VLCCs of…

  • Dynacom steps up suezmax expansion with nine Hengli newbuilds

    Dynacom steps up suezmax expansion with nine Hengli newbuilds George Procopiou is pressing ahead with his tanker expansion, placing an order for nine suezmax newbuildings at China’s Hengli Shipbuilding. According to a stock exchange filing by Songfa Ceramics, the parent company of Hengli Shipbuilding, Dynacom Tankers Management has secured nine of the ten 158,000 dwt…

  • French-headquartered Antin Infrastructure to acquire Vigor Marine Group

    French-headquartered Antin Infrastructure to acquire Vigor Marine Group Paris-headquartered Antin Infrastructure Partners has reached an agreement to acquire Portland, Oregon-headquartered Vigor Marine Group from an affiliate of Lone Star Funds. Antin says that it will partner with Vigor Marine Group to expand capacity across its five locations, and will accelerate the company’s work to innovate…

  • Minerva books suezmax brace at Hengli

    Minerva books suezmax brace at Hengli Greek owner Minerva Marine has returned to China’s Hengli Shipbuilding with an order for two suezmax crude tankers, continuing its steady fleet expansion across multiple segments. The deal covers two 158,000 dwt vessels, with a total contract value in the range of $160m to $200m, putting the unit price…

  • Tsakos lines up return to LNG newbuilds in South Korea

    Tsakos lines up return to LNG newbuilds in South Korea Greece’s Tsakos Energy Navigation (TEN) is moving closer to a return to the LNG carrier newbuilding market, lining up its first gas ship orders in roughly seven years. Shipbuilding sources say the Tsakos Group is finalising a deal with HD Hyundai Heavy Industries for two…

  • MSC tops up Jinglu orderbook with eight more 11,500 teu ships

    MSC tops up Jinglu orderbook with eight more 11,500 teu ships Mediterranean Shipping Company (MSC) has moved to deepen its bet on LNG-fuelled tonnage, exercising options for eight more 11,500 teu dual-fuel containerships at China’s Penglai Jinglu Shipyard. The latest deal lifts the series to 16 sister vessels, following an initial order placed in 2024.…

  • Government reshuffle aims to turn PT PAL into Indonesia’s shipbuilding engine

    Government reshuffle aims to turn PT PAL into Indonesia’s shipbuilding engine Indonesia is revamping its state-owned shipbuilding sector, bringing it all under one roof, while tapping state-run lines to order domestically.  PT PAL Indonesia, the nation’s top state-owned shipbuilder, will become a holding company for all government-owned shipyards under the plans unveiled yesterday. The policy…

  • Pistiolis in for 10 MR tanker newbuilds in China

    Pistiolis in for 10 MR tanker newbuilds in China Greek shipowner Evangelos Pistiolis has re-entered the newbuilding market, placing an order for 10 MR product tankers in China in a deal approaching $500m. Pistiolis’ privately held Central Group has signed up for the 50,000 dwt vessels at Guangzhou Shipyard International (GSI), marking the group’s first…

  • Sonangol books LNG carrier newbuild in South Korea

    Sonangol books LNG carrier newbuild in South Korea Angola’s state-controlled energy company Sonangol is moving to grow its gas shipping exposure, placing an order for a new LNG carrier in South Korea. HD Hyundai Samho Heavy Industries has secured the contract to build a 174,000 cu m unit, according to a regulatory filing by the…

  • Shandong Marine in for LNG carrier quartet at Jiangnan

    Shandong Marine in for LNG carrier quartet at Jiangnan China’s Shandong Marine has moved to expand its LNG carrier fleet, placing an order for four newbuildings at compatriot yard Jiangnan Shipyard, with the vessels set to be chartered to a unit of UK-based energy major Shell upon delivery. The state-run shipping group has signed up…

  • TMS Cardiff Gas expands LNG orderbook with Chinese deal

    TMS Cardiff Gas expands LNG orderbook with Chinese deal Greek shipowner TMS Cardiff Gas has added fresh LNG carrier tonnage to its orderbook, with an agreement for up to six newbuildings at Hudong-Zhonghua Shipbuilding in China. The George Economou-led company is understood to have signed up for four firm 174,000 cbm LNG carriers, with options…

  • JHI Steamship widens tanker bet with HD Hyundai suezmaxes

    JHI Steamship widens tanker bet with HD Hyundai suezmaxes Greek shipowner JHI Steamship has stepped up its tanker expansion with an order for two suezmax newbuildings at HD Hyundai Samho Heavy Industries in South Korea. The 157,000 dwt crude carriers are scheduled for delivery between the fourth quarter of 2028 and the second quarter of…

  • Alpha Gas inks $500m LNG carrier order at Hanwha Ocean

    Alpha Gas inks $500m LNG carrier order at Hanwha Ocean Greek gas shipowner Alpha Gas has resurfaced in the newbuilding market, placing an order for two LNG carriers at South Korea’s Hanwha Ocean.T The shipbuilder said the contract, secured for its Okpo yard in Geoje, is valued at KRW738.3bn ($503m). Hanwha Ocean did not disclose…

  • AD Ports buys into Spanish shipbuilding with Astilleros Balenciaga takeover

    AD Ports buys into Spanish shipbuilding with Astilleros Balenciaga takeover AD Ports Group has moved deeper into European shipbuilding after snapping up Spain’s Astilleros Balenciaga shipyard, strengthening its push into offshore wind support vessels. The Abu Dhabi-listed group said its drydocks arm Safeen Drydocks, part of Noatum Maritime, has acquired 100% of the Basque-based yard…

  • Nordic American Tankers firms up Korean yard choice with Daehan deal

    Nordic American Tankers firms up Korean yard choice with Daehan deal Nordic American Tankers has firmed up its move into new steel, signing contracts for two suezmax newbuildings in South Korea as the New York-listed owner continues to reshape its fleet. The Herbjørn Hansson-led company said the previously announced preliminary agreements have now been converted…

  • Turkey’s Aygaz makes VLGC debut in $119m South Korea deal

    Turkey’s Aygaz makes VLGC debut in $119m South Korea deal Turkey’s Aygaz is making its first move into the very large gas carrier space, signing a $119m newbuilding contract with South Korea’s HD Hyundai Samho. The Istanbul-based LPG distributor said in a stock exchange filing that the yard will build a VLGC for delivery in…

  • Fredriksen goes back to Hengli for two more VLCCs

    Fredriksen goes back to Hengli for two more VLCCs John Fredriksen has returned once again to China’s Hengli Shipbuilding, adding more VLCC tonnage as the shipping tycoon keeps pressing ahead with fleet renewal. Fredriksen’s private investment arm, Seatankers Management, has contracted two 306,000 dwt crude carriers at the Dalian-based yard. Chinese-listed ST Songfa confirmed that…

  • Nordic Hamburg orders up to five MPPs in China

    Nordic Hamburg orders up to five MPPs in China German owner Nordic Hamburg has moved to grow its heavylift fleet, placing an order for three 13,300 dwt multipurpose vessels at China’s Wuhu Shipyard, with options for two more units. The contract, with an undisclosed value, covers a new series of MPP/heavylift ships designed to handle…

  • Asyad Shipping steps up VLCC expansion with fresh Hanwha Ocean order

    Asyad Shipping steps up VLCC expansion with fresh Hanwha Ocean order Oman’s Asyad Shipping has added further weight to its crude tanker ambitions, signing contracts for three new VLCCs at South Korea’s Hanwha Ocean. The state-linked owner, part of the Asyad Group logistics platform, confirmed it placed the order, covering three 300,000 dwt newbuilds at…

  • Kyoei Tanker adds VLCC slot at JMU

    Kyoei Tanker adds VLCC slot at JMU Japanese owner Kyoei Tanker is expanding its VLCC fleet with a 310,000 newbuild ordered at Japan Marine United’s Ariake yard, with delivery slated for 2029. The Tokyo-based company confirmed the vessel will be acquired through a shared ownership structure, following board approval and final sign-off by partners late…

  • Polemis tied to suezmax order in China

    Polemis tied to suezmax order in China Adam Polemis’ New Shipping has been tied to fresh Chinese tonnage, extending its suezmax tanker orderbook and newbuilding programme that has gathered pace over the past year. CSSC Beihai Shipbuilding has secured a contract for a 161,800-dwt suezmax crude oil tanker from undisclosed Greek interests. However, Greek broking…

  • Splash Wrap: US incursion into Venezuela dominates coverage

    Splash Wrap: US incursion into Venezuela dominates coverage The tanker market grappled with fresh uncertainty all week after the arrest of Venezuelan president Nicolás Maduro in a dramatic US military operation over the weekend, an event that has effectively frozen the country’s oil exports and reinforced Washington’s hardline approach to maritime enforcement. The Trump administration…

  • Turkish upstart Aqmaris books up to four bulker newbuilds in China

    Turkish upstart Aqmaris books up to four bulker newbuilds in China Turkish newcomer Aqmaris and China’s Wuhu Shipyard have sealed a deal for four ultramax bulk carriers, marking one of the first big newbuild agreements for the Istanbul-based operator. The four 64,500 dwt units will meet IMO Tier III standards and comply with EEDI Phase…

  • XT Shipping linked to four-boxship deal at Hengli

    XT Shipping linked to four-boxship deal at Hengli Israel’s XT Shipping has returned to the newbuilding market with a series of midsize containership orders in China, underlining renewed confidence in the container sector. Shipbroking sources say the Tel Aviv-based owner is behind an order for four 6,000 teu containerships at Hengli Shipbuilding, with delivery scheduled…

  • Eastern Pacific back for more ammonia carriers at Jiangnan

    Eastern Pacific back for more ammonia carriers at Jiangnan Idan Ofer’s Eastern Pacific Shipping (EPS) has returned to China to add more ammonia carrier capacity, placing an order for two very large ammonia carriers (VLACs) at Jiangnan Shipyard. The Singapore-based owner has signed a contract for two 90,000 cu m newbuildings, with delivery scheduled for…

  • Metal Shark acquired by Magnet Defense

    Metal Shark acquired by Magnet Defense Miami, Fla.-headquartered Magnet Defense LLC, which says its mission is to “build a fleet of autonomous unmanned surface vessels to strengthen U.S. national security and advance U.S. and Allied maritime interests at home and abroad,” said today that it had completed the acquisition of Jeanerette, La.-based boatbuilder Metal Shark.…

  • COSCO grows heavylift fleet with Chengxi order

    COSCO grows heavylift fleet with Chengxi order Cosco Shipping Specialised Carriers has moved to grow its heavylift fleet, placing an order for four multipurpose vessels at CSSC’s Chengxi Shipyard as demand from the wind power sector continues to build. In a stock exchange filing, the Shanghai-listed owner said it will invest about $213m in the…

  • d’Amico signs up MR1 newbuild deal in China

    d’Amico signs up MR1 newbuild deal in China Italian product tanker owner d’Amico International Shipping (DIS) has moved to renew its fleet with a fresh newbuilding deal in China, ordering two MR1 units at Guangzhou Shipyard International (GSI). The company said its operating arm, d’Amico Tankers has signed contracts for a pair of 40,000 dwt…

  • Eastern Pacific adds capes to swelling Hengli orderbook

    Eastern Pacific adds capes to swelling Hengli orderbook Idan Ofer’s Eastern Pacific Shipping has added another slice to its already sizeable newbuilding programme, this time with a fresh capesize bulker order in China. The Singapore-headquartered owner has signed up four 180,000 dwt capesize bulk carriers at Hengli Shipbuilding. The vessels are set for delivery in…

  • Essberger’s newbuild push rolls on with up to six chemical tankers in China

    Essberger’s newbuild push rolls on with up to six chemical tankers in China German chemical tanker owner John T. Essberger is pressing ahead with its fleet renewal programme, signing up to six newbuildings at a another Chinese shipyard. The Hamburg-based group has placed firm orders for two 7,900 dwt duplex stainless steel chemical tankers, with…

  • Yang Ming’s dry bulk arm lines up ultramax quartet at Japanese yards

    Yang Ming’s dry bulk arm lines up ultramax quartet at Japanese yards Taiwanese liner group Yang Ming has returned to the newbuilding market through its bulk shipping arm Kuang Ming Shipping, placing orders for four ultramax bulk carriers in Japan. According to a stock exchange filing, the contracts carry a combined value of between NT$4.9bn…

  • Op-Ed: Saving shipyards from the “cliff-edge” with AI

    Op-Ed: Saving shipyards from the “cliff-edge” with AI The global shipyard sector is facing a skills time bomb. In the U.S. alone the average age of the nation’s 146,500 strong shipyard workforce is 55. This aging workforce challenge is further compounded by rising shipyard demand which is expected to more than double in the U.S.…

  • Venergy steps into boxships with feeder newbuild deal in China

    Venergy steps into boxships with feeder newbuild deal in China Greek tanker newcomer Venergy Maritime has moved to diversify its fleet, placing its first order in the containership segment after an active year in tanker newbuildings. The Piraeus-based owner, led by Vyron Vasileiadis, has signed up for up to four 1,900 teu feeder container vessels…

  • Containership orders break new record in 2025

    Containership orders break new record in 2025 COSCO and Hapag-Lloyd’s new orders last week have lifted the total number of containerships ordered in 2025 to a record 633 ships for 5.08m teu, according to data from Linerlytica, surpassing the previous record of 4.74m in 2021 and 4.77m in 2024.  China’s shipyards have accounted for a…

  • Splash Wrap: Raids, record orders and rewired trade

    Splash Wrap: Raids, record orders and rewired trade US forces seized the VLCC Skipper off Venezuela as the battle between Washington and Caracas intensified with the Trump administration suggesting other vessels could be hijacked, too.  China’s state-run shipping COSCO, the world’s largest shipowner, placed a massive order for 87 newbuildings worth more than $7bn with…

  • Knutsen books new LNG carrier at Hanwha Ocean backed by Edison charter

    Knutsen books new LNG carrier at Hanwha Ocean backed by Edison charter Norway’s Knutsen Group has firmed up another LNG newbuild in South Korea, ordering a 174,000 cu m carrier at Hanwha Ocean on the back of a long-term charter deal with Italy’s Edison. The contract will see the vessel deliver and begin its charter…

  • Aegean Bulk returns to newbuilds with kamsarmax quartet in China

    Aegean Bulk returns to newbuilds with kamsarmax quartet in China Greek owner Aegean Bulk has re-entered the newbuilding market after nearly 15 years away, signing a four-ship kamsarmax order at China’s fast-expanding Hengli Shipbuilding. The deal marks the owner’s first newbuilding move since the delivery of its last pair of kamsarmaxes in 2012. The Athens-based…

  • Tianjin Southwest books very large ammonia carriers at Jiangnan

    Tianjin Southwest books very large ammonia carriers at Jiangnan Tianjin Southwest Maritime has ordered two very large ammonia carriers from Jiangnan Shipyard, extending its long-standing partnership with one of China’s leading gas-carrier builders. Industry sources said the Chinese owner has signed for a pair of 90,000 cu m VLACs, each priced at about $114.5m, for…

  • Auckland port heads to Turkey for bunker tanker newbuild

    Auckland port heads to Turkey for bunker tanker newbuild Port of Auckland in New Zealand is moving deeper into the bunkering business with a newbuild tanker designed to support the shift toward cleaner marine fuels. Its bunkering arm, Seafuels, has signed a NZD50m ($29m) shipbuilding contract for a vessel capable of supplying biodiesel and methanol,…

  • HD Hyundai readies $2bn giant yard in southern India

    HD Hyundai readies $2bn giant yard in southern India South Korea’s HD Hyundai has signed a partnership with the Tamil Nadu state government regarding the establishment of a new $2bn shipyard in Madurai in southern India.  The Thoothukudi region of Tamil Nadu already hosts major Korean companies such as Hyundai Motor and Samsung Electronics, and large-scale…

  • Zodiac Maritime unleashes $1.6bn VLCC and boxship play in China

    Zodiac Maritime unleashes $1.6bn VLCC and boxship play in China Eyal Ofer’s Zodiac Maritime has joined the latest wave of crude carrier orders, placing a major VLCC newbuilding programme in China as part of its broader $1.6bn fleet renewal drive. The London-based owner has ordered six firm and up to eight conventionally fuelled VLCCs from…

  • Dong Fang Offshore locks in CLV newbuild

    Dong Fang Offshore locks in CLV newbuild Taiwanese owner and operator Dong Fang Offshore (DFO) has firmed up its next phase of growth with the signing of a subsea and cable lay vessel (CLV) newbuilding contract with Norway’s Westcon. The deal will see the yard take over and complete a large CLV already under construction,…

  • Winning doubles down on large bauxite carriers with six more newbuilds

    Winning doubles down on large bauxite carriers with six more newbuilds Large bulkers specialist Winning International Group has expanded its push into the very large ore carrier segment, ordering another six 325,000 dwt VLOCs from CSSC Beihai Shipbuilding to support its growing West Africa–China bauxite trade. The Singapore-based owner — which runs a fleet of…

  • Eastern Pacific locks in 12 newbuilds at Hengli

    Eastern Pacific locks in 12 newbuilds at Hengli China’s Hengli Shipbuilding has confirmed a major newbuilding programme for Eastern Pacific Shipping (EPS), detailing a 12-ship order that marks one of the most substantial commitments at the yard this year. The deal, valued between $1.1bn and $1.6bn, spans three vessel types and signals the Idan Ofer-led…

  • Splash Wrap: All eyes on the Suez Canal

    Splash Wrap: All eyes on the Suez Canal The Suez Canal Authority was in bullish form this week, suggesting that many shipping companies are readying to ditch the Cape of Good Hope and return to Red Sea transits, something that will have an enormous impact on freight rates.  Diana Shipping made its move on New…

  • HMM orders four boxships at Hanwha Ocean

    HMM orders four boxships at Hanwha Ocean In a busy week for HMM’s expansion plans, South Korea’s flagship line has tapped Hanwha Ocean to build four 13,000 teu ships in a deal worth $730m. The ships will deliver in 2029. On Monday, Splash reported HMM had contracted HD Hyundai for eight 13,400 teu LNG dual-fuel…

  • Emarat Maritime emerges behind Hengli’s six-tanker series

    Emarat Maritime emerges behind Hengli’s six-tanker series Dubai’s Emarat Maritime has made a move into tanker newbuildings, emerging as the owner behind a sextet of LR2 product carriers ordered at China’s Hengli Shipbuilding. Industry players said the Sharaf Group–owned company is the buyer of the six 114,000 dwt aframax/LR2 units recently revealed by the yard.…

  • Aasen Shipping adds another hybrid methanol-ready bulker at Bodewes

    Aasen Shipping adds another hybrid methanol-ready bulker at Bodewes Norway’s Aasen Shipping has expanded its orderbook once again, returning to Royal Bodewes for a sixth hybrid-powered, methanol-ready self-discharging bulk carrier. The Mosterhamn-based owner has signed up for another 119.95 m vessel at the Dutch yard, following its series of five 9,400 dwt battery-hybrid self-dischargers ordered…

  • BW LNG linked to two-ship LNG carrier order at HD Hyundai Samho

    BW LNG linked to two-ship LNG carrier order at HD Hyundai Samho BW LNG is surfacing as the buyer behind a fresh order for two large LNG carriers at HD Hyundai Samho Heavy Industries, after the South Korean yard confirmed a KRW741.2bn ($507m) contract last week. Clarksons’ weekly newbuilding report names BW Group’s gas arm…

  • Latest in a series of six Aasen Shipping hybrid self dischargers will feature Wärtsilä tech

    Latest in a series of six Aasen Shipping hybrid self dischargers will feature Wärtsilä tech Mosterhamn, Norway-based self-discharging bulker specialist Aasen Shipping has again opted for Wärtsilä solutions for the latest in a series of six 9,500 DWT bulkers. Under construction at the Royal Bodewes shipyard in the Netherlands, it will operate with one six-cylinder…

  • Star Bulk confirms three kamsarmax newbuilds at Hengli

    Star Bulk confirms three kamsarmax newbuilds at Hengli Greek dry bulk heavyweight Star Bulk Carriers has confirmed agreements to acquire three kamsarmax vessels at Hengli Shipbuilding. The Nasdaq-listed, Athens-based owner signed three novation and amendment agreements with Hengli Shipbuilding (Singapore) and Hengli Shipbuilding (Dalian) for 82,000 dwt vessels currently under construction. Deliveries are scheduled progressively…

  • Nigeria LNG shipping unit picks Hudong-Zhonghua for new LNG carrier batch

    Nigeria LNG shipping unit picks Hudong-Zhonghua for new LNG carrier batch West African LNG exporter Nigeria LNG (NLNG) is moving ahead with a fresh round of fleet renewal, with its shipping arm Bonny Gas Transport (BGT) selecting China’s Hudong-Zhonghua Shipbuilding for a new tranche of LNG carrier tonnage. Newbuilding sources said BGT has agreed to…

  • Atlantic Bulk Carriers back for four more ultramaxes in China

    Atlantic Bulk Carriers back for four more ultramaxes in China Greek dry bulk owner Atlantic Bulk Carriers Management is pressing ahead with its fleet renewal drive, returning to China for another round of ultramax newbuildings. Brokers in Greece report that the Piraeus-based company has ordered four 63,500 dwt ultramaxes at Nantong Xiangyu Shipbuilding & Offshore…

  • Yangzijiang Maritime seals SGX debut with multiple vessel deals

    Yangzijiang Maritime seals SGX debut with multiple vessel deals Yangzijiang Maritime Development marked its first day on the Singapore Stock Exchange’s mainboard with a string of new vessel deals, underscoring its ambitions as a growing maritime financial and asset management player. The company said it has signed contracts with a Marshall Islands-based owner for the…

  • American private equity eyes Korean yard investment

    American private equity eyes Korean yard investment Taekwang Group has muscled into the bidding war for K Shipbuilding, joining forces with TPG, a US private equity firm formerly known as Texas Pacific Group. The consortium has submitted a letter of intent to acquire management control of the Jinhae-based yard, one of three confirmed bidders for…

  • Vietnam’s Hai An steps up fleet growth with DSIC newbuild deal

    Vietnam’s Hai An steps up fleet growth with DSIC newbuild deal Vietnam’s Hai An Transport and Stevedoring has stepped up its fleet expansion drive with an order for its largest containerships to date. The Hanoi-based shipowner has contracted Dalian Shipbuilding Industry Co (DSIC), part of China State Shipbuilding Corp, for up to four 7,100 teu…

  • Samsung Heavy to build Amogy ammonia power systems

    Samsung Heavy to build Amogy ammonia power systems US ammonia power specialist Amogy has teamed up with Samsung Heavy Industries (SHI) in a multi-year strategic partnership to manufacture its ammonia-to-power systems in South Korea. Under the agreement, SHI will set up a dedicated facility to produce and test Amogy’s systems for both maritime and land-based…

  • JME returns to New Dayang for another bulker newbuild

    JME returns to New Dayang for another bulker newbuild Greek owner JME Navigation has returned to China’s New Dayang Shipbuilding for another ultramax bulker, continuing a fleet expansion drive that has gathered pace over the past two years. The shipbuilding arm of state-run machinery manufacturer Sumec Group has been contracted to build one Crown 63…

  • Scorpio Tankers back in VLCC game with Hanwha Ocean deal

    Scorpio Tankers back in VLCC game with Hanwha Ocean deal Monaco-based Scorpio Tankers has made a surprise return to the crude carrier newbuilding market after more than a decade, signing up for two very large crude carriers (VLCCs) at South Korean yard Hanwha Ocean. The New York-listed product tanker giant has inked letters of intent…

  • India’s revived yard lands $220m Norwegian chemical tanker deal

    India’s revived yard lands $220m Norwegian chemical tanker deal Swan Defence and Heavy Industries (SDHI) has secured its first major shipbuilding deal since taking over and reviving the Pipavav shipyard, signing a letter of intent (LoI) with Norway’s Rederiet Stenersen for the construction of six 18,000 dwt chemical tankers worth about $220m. The agreement includes…

  • Fujian Guohang drops two bulker orders at Jiangsu Haitong

    Fujian Guohang drops two bulker orders at Jiangsu Haitong Chinese bulker owner Fujian Guohang Ocean Shipping has scrapped plans to build two 73,800 dwt bulk carriers at Jiangsu Haitong Offshore Engineering Equipment, saying the ships no longer fit its strategic direction. The Beijing Stock Exchange-listed company’s board approved the decision to terminate the construction contract,…

  • Svitzer joins forces with Cochin Shipyard on electric tug build in India

    Svitzer joins forces with Cochin Shipyard on electric tug build in India Svitzer has signed a letter of intent with Cochin Shipyard to develop and construct a new generation of electric tugs in India. The Danish towage operator said the agreement, signed during India Maritime Week in Mumbai, lays the groundwork for production of the…

  • Ebe breaks new ground with Chinese newcastlemax order

    Ebe breaks new ground with Chinese newcastlemax order Belgian shipowner Ebe has placed its first-ever shipbuilding order in China, marking a return to the large bulker segment after nearly a decade. The Basile Aloy-led company has ordered two firm plus one optional 210,000 dwt ammonia-ready newcastlemax bulk carriers at Qingdao Beihai Shipbuilding, with delivery of…

  • Splash Wrap: Deals, diplomacy and disruption

    Splash Wrap: Deals, diplomacy and disruption Donald Trump’s tour of Asia provided the biggest shipping news of the week. His meet-up with his Chinese counterpart, Xi Jinping, yesterday saw the tit-for-tat port fees shelved for a year, and panamaxes surging as China committed to resume buying large amounts of American grain. Trump’s earlier meetings this…

  • India nets $7bn in fresh investment from DP World and Maersk

    India nets $7bn in fresh investment from DP World and Maersk India’s ambitions to become a global maritime powerhouse have gained major momentum, with Dubai-based DP World and Danish group APM Terminals announcing fresh investments worth more than $7bn combined to expand port and logistics infrastructure across the country. The announcements, made during India Maritime…

  • Capital Maritime adds capesize brace to expanding Chinese orderbook

    Capital Maritime adds capesize brace to expanding Chinese orderbook Greek shipowner Evangelos Marinakis is extending his shipbuilding campaign into the dry bulk sector, with his Capital Maritime & Trading placing an order for two capesize bulk carriers at China’s Hengli Shipbuilding. Several shipbuilding sources confirmed the deal, saying delivery of the 180,000 dwt units is…

  • Greek owner JHI Steamship books aframax tankers in South Korea

    Greek owner JHI Steamship books aframax tankers in South Korea Greek shipowner JHI Steamship has signed up for its first-ever newbuildings in South Korea, ordering two firm plus one optional 115,000 dwt aframax tankers at K Shipbuilding. Shipbuilding sources said each vessel is priced at $75m, with deliveries set for 2027–2028. The deal, valued at…

  • Monaco owner Transocean breaks into boxships with newbuilds in China

    Monaco owner Transocean breaks into boxships with newbuilds in China Monaco-headquartered Transocean Maritime Agencies has been revealed as the buyer behind an order for containership newbuildings in China, marking the company’s latest fleet expansion and its first step into the box segment. Industry sources and shipbuilding databases show Transocean has contracted two 1,930 teu vessels…

  • Bruton firms up VLCC order at New Times Shipbuilding

    Bruton firms up VLCC order at New Times Shipbuilding Tor Olav Trøim-backed Bruton has finalised contracts with New Times Shipbuilding in China for two scrubber-fitted VLCC newbuildings, with options for two more of the same design. The Oslo-listed company said the deal was concluded through its wholly owned subsidiary Andes Tankers III, which has now…

  • Peter Döhle boosts boxship fleet with four newbuilds in China

    Peter Döhle boosts boxship fleet with four newbuilds in China Hamburg-based shipowner Peter Döhle Schiffahrts is expanding its container fleet with an order for four feedermax vessels in China. Shipbuilding sources report that the 2,900 teu ships have been booked at China’s CSSC Guangzhou Huangpu Wenchong Shipbuilding, with deliveries scheduled between late 2027 and 2028.…

  • Zodiac Maritime takes the plunge with suezmax orders in Vietnam

    Zodiac Maritime takes the plunge with suezmax orders in Vietnam UK-headquartered Zodiac Maritime has achieved another shipbuilding first, becoming the first client of Samsung Heavy Industries’ newly controlled Vietnam shipyard, committing to three firm conventionally fuelled suezmax tankers with options, priced at $80m per unit and delivering in 2028. Each vessel, with a capacity of…

  • Japan’s shipbuilders seek $2.3bn injection to double output

    Japan’s shipbuilders seek $2.3bn injection to double output Japan’s shipbuilders are mounting their most ambitious modernisation drive in decades, seeking a ¥350bn ($2.3bn) government-backed injection to double national shipbuilding output within 10 years. The plan, unveiled on Wednesday by the Shipbuilders’ Association of Japan (SAJ) ahead of a meeting with the ruling Liberal Democratic Party…

  • Alberta Shipmanagement makes boxship debut with Chinese newbuild order

    Alberta Shipmanagement makes boxship debut with Chinese newbuild order Greek owner Alberta Shipmanagement has made its first move into the containership sector, joining a growing number of traditional tanker and bulker players diversifying their fleets. Industry databases show the Athens-based company has ordered two 1,930 teu vessels at CSSC Guangzhou Huangpu Wenchong Shipbuilding, with deliveries…

  • Greek owners Eastmed and Seanergy turn to China’s Hengli for bulker newbuilds

    Greek owners Eastmed and Seanergy turn to China’s Hengli for bulker newbuilds Two Greek shipowners have placed fresh orders in China as Hengli Heavy Industries continues to build its orderbook with European tonnage. The Dalian-based shipyard confirmed contracts for five bulk carriers worth around $211m from US-listed Seanergy Maritime and Eastern Mediterranean Maritime (Eastmed). Seanergy,…

  • Evergreen taps Samsung Heavy and Guangzhou Shipyard International for 14 ships

    Evergreen taps Samsung Heavy and Guangzhou Shipyard International for 14 ships Taiwan’s Evergreen has split its next fleet expansion plans equally between China and South Korea. Greek broker Intermodal is reporting Taiwan’s largest liner has ordered 14 LNG dual-fuel 14,000 teu vessels, split equally between Guangzhou Shipyard International (GSI) and Samsung Heavy Industries. Costing about…

  • Marinakis in for Hengli VLCC

    Marinakis in for Hengli VLCC Greek shipowner Evangelos Marinakis is expanding his VLCC newbuilding programme, signing a contract for a 306,000 dwt supertanker at China’s Hengli Heavy Industries. The deal, valued by shipbuilding sources at around $118m, aligns with similar VLCC deals struck by owners John Fredriksen and George Procopiou at the Dalian-based yard, with…

  • Sogestran orders two new bunker tankers in China

    Sogestran orders two new bunker tankers in China France’s Sogestran Group is upgrading its bunker tanker fleet with an order for two new vessels at China Merchants Industry Yangzhou Dingheng Shipyard. The deal, which extends a long-standing partnership between its subsidiary Maritima with Petroineos in southern France, covers 4,500 cu m newbuilds set to replace…

  • CMA CGM turns to India for six feeder newbuilds

    CMA CGM turns to India for six feeder newbuilds France’s CMA CGM has signed a letter of intent with Cochin Shipyard Ltd (CSL) to build six LNG-powered feeder containerships, marking the first-ever order by a global liner operator at an Indian yard. The 1,700 teu vessels are valued at around $300m in total. A formal…

  • MPC Container Ships keeps renewal momentum with newbuilds at Fujian Mawei

    MPC Container Ships keeps renewal momentum with newbuilds at Fujian Mawei Oslo-listed tonnage provider MPC Container Ships (MPCC) has pressed ahead with its fleet renewal programme, ordering two 1,600 teu containerships from Fujian Mawei Shipyard in China. The vessels, designed for Northern European feeder trades, are due for delivery in the second half of 2027…

  • Dynacom snaps up four Hengli VLCC resales

    Dynacom snaps up four Hengli VLCC resales Greek shipowner Dynacom Tankers is expanding its vast crude carrier programme with a fresh quartet of VLCC newbuildings at China’s Hengli Heavy Industries, adding to the two it contracted last year. Shipbuilding sources said the 306,000 dwt vessels are part of a series originally ordered by Hengli Group…

  • HMM tied to $2.2bn boxship orders

    HMM tied to $2.2bn boxship orders Broking reports list a sizeable order from South Korea’s flagship carrier worth more than $2bn in total.  HMM is reported to have ordered 12 LNG dual-fuelled, 14,000 teu containerships on home soil. The vessels, thought to be costing around $182.5m per unit are split between two of the country’s…

  • Bahri orders six ultramaxes at IMI

    Bahri orders six ultramaxes at IMI Saudi shipowner Bahri has firmed up an order for six geared ultramax bulk carriers at International Maritime Industries (IMI), marking the first bulk carrier newbuilding deal for the Ras Al-Khair yard. The company said in a Tadawul filing that the 62,823 dwt vessels will cost around $203m in total,…

  • Capital Maritime emerges behind HD Hyundai Mipo feeder orders

    Capital Maritime emerges behind HD Hyundai Mipo feeder orders Evangelos Marinakis-led Capital Maritime Group has been linked to the latest round of feeder containership contracts at HD Hyundai Mipo Dockyard in South Korea. Shipbuilding sources said the Greek owner is behind orders for two 2,800 teu units priced at around $56.9m each and one 1,800…

  • CMT adds pair of newcastlemax orders at Qingdao Beihai

    CMT adds pair of newcastlemax orders at Qingdao Beihai Taiwan’s Chinese Maritime Transport (CMT) has returned to China State Shipbuilding Corporation’s Qingdao Beihai yard with an order for two newcastlemax bulk carriers. The Taipei-listed owner confirmed it will pay between $76m and $79.8m per 210,000 dwt vessel. Deliveries have not yet been disclosed. The order…

  • German owners line up MPP newbuild series in China

    German owners line up MPP newbuild series in China Germany’s HS Shipping Group (HS Schiffahrt) has teamed up with shipping financier Mare Trust for a major push into the multipurpose heavylift segment, securing newbuildings at Jiangsu Soho Marine Heavy Industry in China. The partners confirmed firm orders for four 12,500 dwt vessels, with deliveries scheduled…

  • Advantage Tankers firms fresh VLCC and suezmax orders in South Korea

    Advantage Tankers firms fresh VLCC and suezmax orders in South Korea Geneva-based Advantage Tankers has stepped up its move into the large tanker segment with fresh orders in South Korea, adding one very large crude carrier (VLCC) and two suezmaxes to its books. Industry sources said the Tugrul Tokgoz-led outfit has exercised an option for…

  • Carsten Rehder inks $62m MPP order in India

    Carsten Rehder inks $62m MPP order in India German owner Carsten Rehder Schiffsmakler und Reederei has expanded its methanol-ready multipurpose newbuilding programme in India, contracting four firm units with options for two more at Garden Reach Shipbuilders & Engineers (GRSE). The deal will see the Hamburg-based company pay $62.4m to the Kolkata yard, with deliveries…

  • Nanjing Tanker extends fleet renewal with Dalian brace

    Nanjing Tanker extends fleet renewal with Dalian brace China’s Nanjing Tanker has strengthened its newbuilding programme with an order for two LR1 panamax crude/product carriers. The Shanghai-listed owner, part of China Merchants Group, has contracted the 65,000 dwt units at Dalian Shipbuilding Industry Corporation. The deal is valued at around $137m, with delivery set for…

  • Latsco ends MR order drought with K Shipbuilding deal

    Latsco ends MR order drought with K Shipbuilding deal Greek shipowner Latsco Shipping has returned to the product tanker newbuilding market after nearly a decade, with sources linking the company to a fresh order at South Korea’s K Shipbuilding. Shipbuilding players in Athens and Seoul said Latsco, controlled by the Latsis family and led by…

  • India unveils $8bn maritime moonshot

    India unveils $8bn maritime moonshot India has unveiled an $8bn maritime stimulus, its boldest bet yet to climb the global shipbuilding ladder.  The Union cabinet this week signed off on a ₹69,725 crore package aimed at nothing less than vaulting the country into the world’s top ten shipbuilding nations by 2030, and the top five…

  • Seatrium offloads US shipyard to Karpowership

    Seatrium offloads US shipyard to Karpowership Singapore shipyard group Seatrium has sold its AmMFELS yard located at Brownsville, Texas, for a consideration of S$65m ($50.6m) to Karpower Valley, a related party of Karpowership. Seatrium stated that the accretive divestment would allow the company to enhance capital and operational efficiencies while unlocking value from one of…