Category: Shipyards
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Monte Nero adds to product tanker orderbook in China
Monte Nero adds to product tanker orderbook in China Athens-based owner Monte Nero Maritime has been linked to an order for up to four MR2 product tanker newbuilds at Chinese repair and retrofit yard COSCO Shipping Heavy Industries (Guangdong). Brokers in Greece have placed two firm 50,000 dwt newbuilds at $44m, with deliveries set for…
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China stretches lead at the top of shipbuilding stakes
China stretches lead at the top of shipbuilding stakes China’s grip on global shipbuilding is growing ever stronger, building a sizeable gap from second place, South Korea, with some warning the dominance the People’s Republic exerts in this construction sector could become an early target from the incoming Donald Trump administration in the US. At…
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Op-Ed: A decade of financial restructuring in maritime
Op-Ed: A decade of financial restructuring in maritime By Scott C. Clarkson, United States Bankruptcy Judge, Central District of California, Santa Ana, Calif. Over the past decade, several international shipyards, boat builders, and marine shipping companies have encountered financial difficulties due to various external challenges. Notable examples include Harland & Wolff, the historic Belfast shipyard,…
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Shipyards advance designs as CO2 shipping gains oxygen
Shipyards advance designs as CO2 shipping gains oxygen A purple-hulled vessel, sporting a rotor sail, has been criss-crossing the Yellow Sea in recent weeks carrying out landmark sea trials. The Northern Pioneer is the first is a series of four 7,500 cu m liquefied carbon dioxide (LCO2) carriers ordered at Dalian Shipbuilding Industry Co (DSIC)…
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Al Seer Marine and Damen JV targets commercial shipbuilding
Al Seer Marine and Damen JV targets commercial shipbuilding A joint venture between Abu Dhabi’s Al Seer Marine and Damen International is expanding its operations into the commercial shipbuilding market. The ADX-listed subsidiary of the International Holding Company (IHC) and the company, which is part of the well-known Dutch shipbuilder and the Damen family, said…
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PIL signs for more Hudong-Zhonghua boxships
PIL signs for more Hudong-Zhonghua boxships Singapore’s Pacific International Lines (PIL) has returned to China’s Hudong-Zhonghua Shipbuilding for five LNG dual-fuel containerships. The company has contracted 9,000 teu vessels bringing its newbuilding campaign since 2022 to 18. In addition to being LNG-powered, the vessels will be able to switch to running on bio-methane, PIL said.…
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Dynacom seals four Samsung suezmax newbuilds
Greece’s Dynacom Tankers has been tied to a series of suezmax newbuilds at Samsung Heavy Industries. Clarksons reports George Procopiou’s company has signed up for four 158,000 dwt ships at $83m each, with deliveries scheduled throughout 2027. The Athens-based outfit, with nearly 70 tankers under management has a massive orderbook in China, including suezmaxes at…
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K Line inks LNG carrier order at Samsung Heavy
Kawasaki Kisen Kaisha (K Line) has been identified as the owner behind an order for a single LNG carrier at South Korean shipbuilder Samsung. Brokers have tied Japan’s third largest shipping company to a 174,000 cu m unit delivering by June 2027 at about $259m. Samsung has ordered LNG carriers at the Geoje-based shipyard before,…
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Expansion plans laid out for HD Hyundai Vietnam Shipbuilding
HD Hyundai Vietnam Shipbuilding will expand capacity to build 15 ships a year up from the current maximum of 12 with the company’s Korean parent revealing plans to potentially expand further to 23 ships a year by 2030. The Vietnamese subsidiary of the Hyundai Heavy shipbuilding conglomerate is the largest, most advanced shipyard in Vietnam,…
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New Jiangzhou Shipyard seals debut ethylene carrier order
China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry has entered the gas carrier shipbuilding segment in a deal with a domestic owner. The restructured builder, formerly known as Jiangzhou Union Shipbuilding, has been contracted by gas shipowner Shenzhen Haihong Shipping for a single 7,000 cu m ethylene carrier. The builder, which has seen several orders coming…