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Category: Shipyards

  • Vogemann linked to six kamsarmaxes at Hengli Heavy

    Vogemann linked to six kamsarmaxes at Hengli Heavy German shipowner Vogemann has reportedly returned to China for another round of bulk carrier newbuildings, with reports linking the Hamburg-based company to a fresh series of kamsarmax orders at Hengli Heavy Industries in Dalian. Shipbroking and market sources suggest Vogemann has committed to six 82,000 dwt vessels…

  • HD Hyundai eyes US yard in bid to cash in on Trump’s shipbuilding revival

    HD Hyundai eyes US yard in bid to cash in on Trump’s shipbuilding revival South Korea’s HD Hyundai Heavy Industries has confirmed it is in talks with multiple firms to buy a US shipyard, a move aimed at tapping into Washington’s resurgent naval build-up under president Donald Trump. A senior HD Hyundai executive told Reuters…

  • SSI: AI and the business of building ships

    SSI: AI and the business of building ships Canadian shipbuilding software specialist SSI has been working at the intersection of technology and shipyards for decades. Today, Denis Morais, the company’s CEO, believes the industry is entering a pivotal moment — and AI is at the centre of it. “I’ve never seen shipyards more open to…

  • Minerva Marine firms up feeder options at Yangzijiang

    Minerva Marine firms up feeder options at Yangzijiang Minerva Marine has added two more feeder container ships to its orderbook at Yangzijiang Shipbuilding, lifting the total number of firm newbuildings in its programme to six. The Greece-based owner, led by Andreas Martinos, has now firmed up a second pair of 1,800 teu vessels at the…

  • Curtin Maritime orders eight hybrid-electric tugboats

    Curtin Maritime orders eight hybrid-electric tugboats US-based marine firm Curtin Maritime has invested $160m for eight hybrid-electric ship assist tugboats. The tugs will be built by the Snow & Co shipyard and will be equipped with Arc’s vertically integrated electric powertrains, delivering over 4,000 bhp and backed by a 6MWh battery buffer. According to Arc,…

  • Tsakos adds to VLCC orderbook at Hanwha Ocean

    Tsakos adds to VLCC orderbook at Hanwha Ocean Greece’s Tsakos Energy Navigation (TEN) has expanded its VLCC newbuilding programme at South Korea’s Hanwha Ocean, adding one firm vessel and securing an option for a fourth. The new order builds on the two 320,000 dwt units TEN booked at the yard earlier this year. Those ships,…

  • Ciner charts return to boxships with China newbuilds

    Ciner charts return to boxships with China newbuilds Turkish industrial conglomerate Ciner Group is poised to re-enter the container shipping market with two 3,100 TEU vessels at China’s New Dayang Shipyard. Boxship newbuilding players estimate each ship at around $44m, with deliveries expected in late 2027. While the exact design details remain under wraps, sources…

  • Turkey’s GSD Marin returns to Japan for fresh ultramax order

    Turkey’s GSD Marin returns to Japan for fresh ultramax order Turkish bulker owner GSD Marin has returned to Japan for another ultramax order, signing a deal with Nihon Shipyard for a 64,000 dwt newbuild due in 2029. The Istanbul-listed subsidiary of GSD Holding already has a similar ship on order at the same yard, a…

  • Evalend swells suezmax orderbook in South Korea

    Evalend swells suezmax orderbook in South Korea Greek owner Evalend Shipping has bolstered its suezmax newbuilding orderbook in South Korea, with two additional units lined up for construction at HD Hyundai Samho. Shipbuilding sources have named the Kriton Lendoudis-led company behind the recently announced order for a pair of 157,000 dwt newbuilds with delivery expected…

  • Interasia in for up to eight boxship newbuilds

    Interasia in for up to eight boxship newbuilds Asian regional container operator Interasia Lines has returned to the shipbuilding market, signing a contract with Jiangsu YangZiJiang Shipbuilding Group (YZJ) for up to eight 2,900 teu vessels. The order includes six firm newbuilds and two optional units, marking Interasia’s first collaboration with YZJ. Financial terms have…

  • Splash Wrap: Koreans bankroll America’s rusting docks

    Splash Wrap: Koreans bankroll America’s rusting docks Shipbuilding has become a central part of trade diplomacy in the Trump era. As well as a customised gold putter, it was noticeable that the Korean president, Lee Jae Myung, also presented Donald Trump with a model of an ancient Korean battleship when the pair met up earlier…

  • Mibau Stema grows bulker fleet backed by Hartmann-CSL venture

    Mibau Stema grows bulker fleet backed by Hartmann-CSL venture Denmark-based Mibau Stema Group has signed up for two new self-unloading bulk carriers at Chengxi Shipyard in China. These newbuilds will be constructed to be biofuel- and methanol-ready as part of Mibau Stema’s strategic goal to enhance transport capabilities, increase operational versatility, and transition towards more…

  • HD Hyundai Heavy and Hyundai Mipo to merge

    HD Hyundai Heavy and Hyundai Mipo to merge South Korea’s HD Hyundai Heavy Industries has rolled out plans to merge with its affiliate HD Hyundai Mipo Dockyard by the end of the year, aiming to strengthen its position in the US naval and Arctic shipbuilding markets. The move comes after a Korea-US summit highlighted shipbuilding…

  • Hanwha bankrolls Philly revival in showpiece of Korea-US shipbuilding pact

    Hanwha bankrolls Philly revival in showpiece of Korea-US shipbuilding pact Hanwha Group has unveiled a $5bn expansion plan for Hanwha Philly Shipyard as well as ordering 10 tankers to be built in Philadelphia, in a landmark moment for Korea-US industrial cooperation designed to revive American shipbuilding. The announcement was made on Tuesday at the christening…

  • Seoul bets on shipbuilding to keep Trump sweet

    Seoul bets on shipbuilding to keep Trump sweet South Korea is making shipbuilding the anchor of its trade diplomacy with Washington, rolling out billions in promises to revive America’s rusted yards in a bid to keep Donald Trump on side. President Lee Jae Myung’s first US trip saw him push a $350bn investment package, with…

  • Champion Tankers takes options on final two MR newbuilds in China

    Champion Tankers takes options on final two MR newbuilds in China Norway’s Champion Tankers has wrapped up its latest round of fleet renewal, declaring options for the final two ships in a series of MR tankers ordered at Penglai Jinglu Shipyard in China. The Bergen-based private company, led by Karl Lodrup Kvalheim, will now take…

  • Bill Gates in Korea to further nuclear-powered ships project with HD Hyundai

    Bill Gates in Korea to further nuclear-powered ships project with HD Hyundai Bill Gates, in his role as founder of TerraPower, met with HD Hyundai’s executive vice-chairman Chung Kisun in Seoul today to further a strategic partnership aiming to commercialise small modular reactor (SMR) propulsion. The meeting—after their March rendezvous in the US—centred on scaling…

  • HD Hyundai buys Doosan’s Vietnam yard for $207m

    HD Hyundai buys Doosan’s Vietnam yard for $207m HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the holding company of HD Hyundai Group, has struck a deal to acquire Doosan Vina, the Vietnamese manufacturing unit of Doosan Enerbility, in a transaction worth 290bn won ($207.5m). The deal will see HD KSOE take full control of…

  • TMS Cardiff Gas and Celsius tied to $1.5bn Samsung LNG orders

    TMS Cardiff Gas and Celsius tied to $1.5bn Samsung LNG orders Two well-known names in LNG shipping have been linked to fresh orders at Samsung Heavy Industries, as newbuilding activity in the gas carrier segment shows signs of life. The South Korean yard confirmed this week it had secured contracts for six 174,000 cu m…

  • Seaspan grows newbuild pipeline with 12-ship deal in China

    Seaspan grows newbuild pipeline with 12-ship deal in China Seaspan Corporation has inked a fresh round of newbuilding orders in China, adding twelve 9,000 teu containerships to its fleet pipeline. The vessels will be built at Hudong-Zhonghua Shipbuilding, part of China State Shipbuilding Corporation (CSSC), with deliveries slated to begin in 2028. The deal is…

  • ‘Deep slump’ in recorded dry bulk orders this year

    ‘Deep slump’ in recorded dry bulk orders this year Ship orders for most sectors have slowed dramatically in 2025, with shipping’s largest sector, dry bulk, among the quietest when it comes to signing contracts for new vessels.  The latest data from Clarksons Research shows that overall ordering in the year to date is down by…

  • Meratus adds more feeders at Guangxi Shipbuilding

    Meratus adds more feeders at Guangxi Shipbuilding Indonesian shipowner and logistics group Meratus is expanding its fleet with feeder newbuildings at one of its go-to yards in China. The company has signed the newbuilds with CSSC Guangxi Shipbuilding and Offshore Engineering, a yard it has repeatedly tapped for similar tonnage. The new vessels are scheduled…

  • HD Hyundai’s new Philippine yard to open in January with capacity for 10 ships a year

    HD Hyundai’s new Philippine yard to open in January with capacity for 10 ships a year South Korea’s HD Hyundai is set to start shipbuilding in the Philippines from January next year, with a revamped Subic Bay yard capable of turning out up to 10 vessels annually. The shipbuilding giant has signed a 10-year lease…

  • Eastern Pacific lines up feeder boxship series at Mawei Shipyard

    Eastern Pacific lines up feeder boxship series at Mawei Shipyard Singapore-based Eastern Pacific Shipping (EPS) has made another move into the feeder container market with a major newbuilding order at China’s Fujian Mawei Shipbuilding. Sources following EPS’ shipbuilding moves said the Idan Ofer-led owner has inked firm contracts for 12 vessels of 1,800 teu capacity,…

  • Kmarin books newcastlemax newbuilds in China

    Kmarin books newcastlemax newbuilds in China South Korea’s Kukje Maritime Investment (Kmarin) has returned to the newbuilding market with an order for two newcastlemax bulk carriers, ending a seven-year absence from the shipyard orderbooks. The Seoul-based owner has contracted Jiangsu New Hantong Ship Heavy Industry to build the 210,000 dwt vessels. No price or delivery…

  • North Star orders SOV pair at Vard

    North Star orders SOV pair at Vard UK-based offshore vessel operator North Star has returned to Norwegian shipbuilder Vard with an order for two new service operation vessels (SOVs) to support offshore wind operations across the UK and Europe. The newbuilds are based on the Vard 4 19 design, developed specifically for offshore wind support.…

  • Polsteam books up to six handysize bulker newbuilds in China

    Polsteam books up to six handysize bulker newbuilds in China Polish Steamship Co (Polsteam) has moved to bolster its fleet with a fresh series of handysize bulk carriers ordered at Wuhu Weihai Shipbuilding in China. The state-owned operator has signed for four firm 45,000 dwt vessels, with options for two additional units. The first ship…

  • Schoeller in for boxship newbuild brace

    Schoeller in for boxship newbuild brace Schoeller Holdings has returned to China’s Huangpu Wenchong Shipbuilding with an order for a pair of 1,900 teu containerships. The Cyprus-based owner is paying between $31m and $32m per vessel, with deliveries scheduled for 2028. The deal continues a long-standing relationship between Schoeller and the Guangzhou-based yard, which has…

  • South Korea to invest $150bn in US shipbuilding

    South Korea to invest $150bn in US shipbuilding South Korea has agreed to invest $150bn into a dedicated US shipbuilding revitalisation fund, as part of a $350bn bilateral trade agreement signed Wednesday in Washington. The move—touted as the largest Korean industrial investment in US history—aims to inject new life into America’s struggling shipyards while simultaneously…

  • COSCO rolls out 14‑vessel shipbuilding push at domestic yards

    COSCO rolls out 14‑vessel shipbuilding push at domestic yards COSCO Shipping has launched a fresh newbuilding push which will see 14 ships constructed at domestic yards. COSCO Shipping Development, the financing arm of China’s state-controlled shipping giant, has commissioned a newbuilding package, including 10 newcastlemax bulk carriers and four asphalt carriers. Four 210,000 dwt newbuilds…

  • CK Line books up to four feeder boxships at Yangzijiang

    CK Line books up to four feeder boxships at Yangzijiang South Korea’s CK Line has placed an order for up to four feeder containerships at China’s Yangzijiang Shipbuilding. The Seoul-based liner operator has booked two firm 1,100 teu newbuilds at around $23 per ship, with options secured for two more. The first two units are…

  • Capital Maritime takes option on HD Hyundai Mipo boxship brace

    Capital Maritime takes option on HD Hyundai Mipo boxship brace Greece’s Capital Maritime has firmed up an order for two more LNG dual-fuel 2,800 teu containerships at HD Hyundai Mipo Dockyard in South Korea, bringing its total number of newbuildings to 10. The deal is valued at around $113m, with deliveries expected in July and…

  • Port of San Francisco to issue RFP for disposal of its two floating dry docks

    Port of San Francisco to issue RFP for disposal of its two floating dry docks The Port of San Francisco says that it anticipates advertising a Request for Proposal (RFP) solicitation for the disposal/removal of its Dry Dock #2 and Eureka Dry Dock (Fall/Winter 2025). Both of the port-owned dry docks were operated as the…

  • Hanwha orders historic LNG carrier from US yard

    Hanwha orders historic LNG carrier from US yard South Korea’s Hanwha Group has placed a landmark order for a liquefied natural gas (LNG) carrier at its US-based Hanwha Philly Shipyard — the first such export-market-viable vessel to be built in the United States in nearly half a century. The order, valued at a minimum of…

  • MSC’s boxship binge rolls on with 10 more giants ordered across China

    MSC’s boxship binge rolls on with 10 more giants ordered across China Mediterranean Shipping Company (MSC) has once again underlined its seemingly insatiable appetite for new tonnage, declaring and placing orders for a further 10 ultra-large container vessels, its orderbook now larger than the extant fleet of Ocean Network Express (ONE), the world’s sixth largest…

  • Vard books contract for two hybrid CSOVs

    Vard books contract for two hybrid CSOVs Norwegian shipbuilder Vard has secured a contract to design and build two commissioning service operation vessels (CSOVs) for an unnamed international customer. The order is valued between €100m ($116m) and €200m ($232m) and includes an option for an additional newbuild. The vessels will be of the upgraded VARD…

  • Splash Wrap: Shipyards and geopolitics

    Splash Wrap: Shipyards and geopolitics Shipbuilding hogged the headlines at Splash this week with images of the White House and its occupant down considerably week-on-week. The East Asian shipbuilding tango – one of the persistent shipping news themes of 2025 – garnered the most column inches. A contraction in Chinese shipbuilding orders has been registered…

  • CSSC Shipping signs for newcastlemax newbuilds

    CSSC Shipping signs for newcastlemax newbuilds CSSC Shipping has moved to bolster its dry bulk portfolio with a pair of newcastlemax newbuilds. The Hong Kong-listed leasing arm of state-owned China State Shipbuilding Corporation (CSSC) has struck a deal for the 210,400 dwt units with Qingdao Beihai Shipbuilding and China Shipbuilding Trading. Each vessel is priced…

  • Yang Ming books LNG-fuelled boxship series at Hanwha Ocean

    Yang Ming books LNG-fuelled boxship series at Hanwha Ocean Taiwanese shipping line Yang Ming Marine Transport has lined up a series of containership newbuilds at South Korean shipbuilder Hanwha Ocean, continuing its fleet renewal programme with a focus on dual-fuel technology. The company has booked seven LNG dual-fuel 15,500 teu vessels in a deal valued…

  • USTR threat hits Chinese shipyards as global orders slump

    USTR threat hits Chinese shipyards as global orders slump A contraction in Chinese shipbuilding orders has been registered in the first half of 2025, with Beijing’s once unassailable dominance increasingly under pressure from geopolitical tensions and a softening global market. According to new data from BIMCO, China’s share of newbuilding contracts dropped from 72% to…

  • Seaspan pens deal to reinforce Canadian shipbuilding steel supply chain

    Seaspan pens deal to reinforce Canadian shipbuilding steel supply chain Seaspan Vancouver Shipyards has signed a memorandum of understanding with Stigterstaal Canada and Algoma Steel to reestablish a domestic steel supply chain focused on bolstering and expanding shipbuilding in Canada. This move follows the current trend of countries trying to ensure their own shipbuilding supply…

  • HSG Sungdong returns to shipbuilding spotlight with Samsung Heavy tie-up

    HSG Sungdong returns to shipbuilding spotlight with Samsung Heavy tie-up HSG Sungdong Shipbuilding, once one of the top 10 shipbuilders in the world, has re-entered the finished shipbuilding market, forging a strategic partnership with Samsung Heavy Industries and securing major orders in offshore wind and marine infrastructure. After years of financial hardship that culminated in…

  • HD Hyundai eyes Morocco shipyard

    HD Hyundai eyes Morocco shipyard South Korea’s HD Hyundai Heavy Industries is eyeing a strategic leap into North Africa, as it seeks to secure long-term operating rights for Morocco’s flagship Casablanca shipyard. The latest global expansion effort comes at a time when South Korea’s largest shipbuilder aimed faces production bottlenecks at home amid a record…

  • Trump’s shipbuilding revival wavers as key maritime adviser departs

    Trump’s shipbuilding revival wavers as key maritime adviser departs The Trump administration’s early ambition to revitalise US shipbuilding appears to be losing momentum, following the departure of Ian Bennitt, the White House National Security Council’s (NSC) senior director for maritime and industrial capacity. Bennitt’s exit, alongside that of NSC chief of staff Brian McCormack, underscores…

  • Advantage Tankers bolsters VLCC orderbook

    Advantage Tankers bolsters VLCC orderbook Geneva-based Advantage Tankers has returned to South Korea’s Hanwha Ocean with a fresh order for another VLCC newbuilding as part of a growing strategic push into the larger tanker segment. Industry sources report that the Tugrul Tokgoz-led company has declared an option for a third 320,000 dwt unit at the…

  • Chartworld eyes New Dayang boxships

    Chartworld eyes New Dayang boxships Greece’s Chartworld Shipping is returning to the newbuilding arena with plans to bolster its container fleet, reportedly lining up a deal for a quartet of 3,100 teu vessels at Chinese builder New Dayang. Athens-based shipbroking sources report that the Kollakis brothers-led diversified owner has signed a letter of intent covering…

  • Splash Wrap: Red Sea attacks lead coverage

    Splash Wrap: Red Sea attacks lead coverage The global shipping industry has been rocked by two deadly attacks this week in the Red Sea, with Yemen’s Houthi rebels launching their first campaign against merchant shipping of the year, sinking two bulk carriers, killing at least three seafarers, wounding others, and reportedly kidnapping crew. A new…

  • HD Hyundai deepens robotics push with German partnership as shipyard humanoids take shape

    HD Hyundai deepens robotics push with German partnership as shipyard humanoids take shape As labour shortages continue to challenge the shipbuilding sector, South Korea’s HD Hyundai has doubled down on robotics innovation, announcing a strategic partnership with German cognitive robotics pioneer NEURA Robotics and sister firm HD Hyundai Robotics. The three-way collaboration aims to develop…

  • Hanwha Shipping bags third VLCC newbuild

    Hanwha Shipping bags third VLCC newbuild Hanwha Shipping, the shipowning arm of South Korean builder Hanwha Ocean, has added another vessel to its growing in-house fleet, placing an order for an additional VLCC. The Okpo-based yard — formerly known as Daewoo Shipbuilding & Marine Engineering (DSME) — is scheduled to deliver the 300,000 dwt scrubber-fitted…

  • Navios Maritime adds to South Korean boxship newbuild series

    Navios Maritime adds to South Korean boxship newbuild series Greece’s Navios Maritime Partners is ramping up its exposure in the container shipping sector with a fresh order for four modern boxships at South Korea’s HJ Shipbuilding & Construction. The Angeliki Frangou-led company is understood to have signed for four 8,000 teu vessels, in a deal…

  • Sinokor books four boxships at HD Hyundai yards

    Sinokor books four boxships at HD Hyundai yards South Korean shipowner Sinokor Merchant Marine has placed an order with compatriot shipbuilder HD Hyundai, securing four containerships in a deal valued at KRW 834.8bn ($611m). HD Korea Shipbuilding & Offshore Engineering, the holding company of HD Hyundai, revealed the contract in a stock exchange filing, without…

  • Emerging Greek owner Venergy steps into newbuild market with MRs in South Korea

    Emerging Greek owner Venergy steps into newbuild market with MRs in South Korea Venergy Maritime, the Greece-based tanker newcomer led by Vyron Vasileiadis, has placed its first newbuilding order, contracting two MR product tankers at South Korea’s K Shipbuilding. The firm order for the 50,000 dwt pair is for delivery in the first quarter of…

  • Splash Wrap: Trump leads headlines in a calmer week for shipping

    Splash Wrap: Trump leads headlines in a calmer week for shipping Compared to almost every other week of 2025, from a shipping news/geopolitical point of view this week has been comparatively calm. Nevertheless, the word Trump featured in more Splash headlines than any other word once again. The big news at the start of the…

  • Trump’s signature legislative package contains significant shipbuilding provisions

    Trump’s signature legislative package contains significant shipbuilding provisions Donald Trump’s so-called big beautiful bill, a signature legislative package, which has just passed both the US House of Representatives and Senate, contains significant provisions aimed at revitalising American shipbuilding and the broader maritime industrial base. The bill allocates substantial funding and introduces new initiatives with a…

  • Trump’s shipbuilding ambitions face enormous hurdles

    Trump’s shipbuilding ambitions face enormous hurdles President Trump’s ambitious plan to rejuvenate the US shipping and shipbuilding industries is encountering significant challenges, just months after its announcement. Despite bipartisan support for revitalising the maritime sector as a matter of economic and national security, internal policy conflicts and administrative delays are hindering progress. A key setback…

  • BHP signs charters with COSCO for ammonia-powered newcastlemax newbuilds

    BHP signs charters with COSCO for ammonia-powered newcastlemax newbuilds BHP has signed five-year charter contracts with COSCO Shipping Bulk for two ammonia dual-fuelled newcastlemax bulk carriers. The two 210,000 dwt vessels, expected to be delivered from 2028, will primarily transport iron ore from Western Australia to Northeast Asia. BHP vice president of maritime and supply…

  • TS Lines locks in up to 10 newbuilds at Huangpu Wenchong

    TS Lines locks in up to 10 newbuilds at Huangpu Wenchong Taiwan’s TS Lines has bolstered its newbuilding programme through a new deal with a Chinese shipyard, Huangpu Wenchong Shipbuilding The intra-Asia focused carrier has commissioned five firm and five optional 5,000 teu vessels, each priced at about $62.5m and scheduled for delivery in 2028,…

  • MSC ramps up megamax expansion with $1.2bn shipbuilding deal in China

    MSC ramps up megamax expansion with $1.2bn shipbuilding deal in China Gianluigi Aponte’s Mediterranean Shipping Co (MSC) is pressing ahead with megamax containership fleet expansion through a new shipbuilding deal in China. The Swiss-based liner giant has ordered up to six 22,000 teu newbuilds from China Merchants Heavy Industries’ Haimen shipyard. Shipbuilding sources estimate each…

  • Indian shipbuilder buys majority stake in Sri Lanka’s largest yard

    Indian shipbuilder buys majority stake in Sri Lanka’s largest yard India’s state-run Mazagon Dock Shipbuilders Limited (MDL) has announced its first international acquisition by securing a controlling 51% stake in Sri Lanka’s Colombo Dockyard for $52.96m. The Sri Lankan yard had previously been controlled by Japan’s Onomichi Dockyard which had been looking for investors to…

  • The week in shipping: Iran dominates the headlines

    The week in shipping: Iran dominates the headlines Starting today, Splash will be bringing readers a weekly wrap to digest the important shipping news of the past few days. This complements Daily Splash, our free newsletter published Monday through Friday, as well as Splash Extra, our monthly digest. Conflict with Iran dominated the headlines in…

  • Imabari to take control of Japan Marine United

    Imabari to take control of Japan Marine United Consolidation – and by extension greater focus and economies of scale – continues in the revived Japanese shipbuilding sector with news that Imabari Shipbuilding, the nation’s top yard, is to take control of Japan Marine United (JMU). The Higaki family-controlled Imabari announced yesterday it will up its…

  • Ontario pumping CAD 215 million into its shipbuilding sector

    Ontario pumping CAD 215 million into its shipbuilding sector The Ontario government is investing CAD 215 million (about USD 184 million) to support shipbuilding and the broader marine sector in the province, including through the establishment of a CAD 15 million Ontario Shipbuilding Grant Program (OSGP) to expand the province’s shipbuilding sector. The support provided…

  • Japan seeks to double shipbuilding output by 2030

    Japan seeks to double shipbuilding output by 2030 Japan is weighing bold steps to rejuvenate its once-dominant shipbuilding industry, including the establishment of a government-backed national shipyard, as part of a wider strategy to restore maritime manufacturing capabilities critical to national security. The proposal, submitted to prime minister Shigeru Ishiba by the ruling Liberal Democratic…

  • South Korea’s top shipyard debuts its own sail device

    South Korea’s top shipyard debuts its own sail device With wind-assist technology going mainstream, South Korea’s largest shipbuilding group has debuted its only sail system. HD Korea Shipbuilding & Offshore Engineering, the holding company of HD Hyundai, has unveiled its Hi-Wing, a prototype of which has gone through land trials, and will shortly be tested…

  • Conrad Shipyard awarded further $28.2M YRBM contract mod

    Conrad Shipyard awarded further $28.2M YRBM contract mod NAVSEA has awarded Conrad Shipyard LLC, Morgan City, La., a $28,285,715 firm-fixed-price modification to previously awarded contract N00024-22-C-2253 to exercise an option for the detail design and construction of one additional Yard Repair, Berthing, and Messing (YRBM) craft. Work will be performed in Amelia, Louisiana, and is…

  • Blystad signs for boxship newbuilds in China

    Blystad signs for boxship newbuilds in China Norwegian-based Blystad Group is set to expand its boxship exposure with three newbuildings from China. Brokers report that Arne Blystad’s investment firm has signed up for 3,000 teu vessels at Penglai Zhongbai Jinglu Ship Industry. The total value of the order stands at approximately $129m, with deliveries scheduled…

  • AD Ports bolsters Bahrain ties with shipyard and port initiatives

    AD Ports bolsters Bahrain ties with shipyard and port initiatives Abu Dhabi-based ports and logistics giant AD Ports Group has signed three agreements with Bahrain’s Arab Shipbuilding & Repair Yard Company (ASRY) designed to boost shipbuilding, drydocking, and port management capabilities across the Gulf region and beyond. The first agreement involves the establishment of a…

  • Japan’s Shinomiya Tanker taps domestic yards for handysize bulker series

    Japan’s Shinomiya Tanker taps domestic yards for handysize bulker series Japanese shipowner Shinomiya Tanker has reportedly commissioned three compatriot yards for five handysize bulker newbuildings. The Tokushima-based company has placed a single 40,000 dwt vessel at Naikai Zosen, with two additional ships each ordered from Imabari Shipbuilding and Hakodate Dockyard at $33m apiece. The first…

  • DryDel inks ultramax order in Japan

    DryDel inks ultramax order in Japan Greek bulker owner and operator DryDel Shipping is expanding its fleet with an ultramax newbuilding deal in Japan. The Costas Dellaportas-led company has penned a contract with Nihon Shipyard to see the 64,000 dwt vessel delivered in 2028. Financial terms have not been divulged. The order marks the 10th…

  • LR report outlines clear case for shipowners to retrofit

    LR report outlines clear case for shipowners to retrofit Demand for advanced propeller retrofits and energy-saving devices (ESDs) has nearly quadrupled since 2020 to enhance energy efficiency to meet tightening emissions regulations.  Click to enlarge However, according to a new report from British class society Lloyd’s Register (LR), while high-efficiency propellers can deliver fuel savings…

  • Germany’s CLI books MPP newbuild at Royal Bodewes

    Germany’s CLI books MPP newbuild at Royal Bodewes German shipping and logistics group CLI has contracted a multipurpose (MPP) newbuilding at Dutch yard Royal Bodewes. The deal with an undisclosed value covers an 8,500 dwt unit that has been designed to feature advanced environmental and fuel efficiency technologies, including a methanol-ready main engine and an…

  • Seaspan Victoria Shipyards delivers HMCS Calgary back to Royal Canadian Navy

    Seaspan Victoria Shipyards delivers HMCS Calgary back to Royal Canadian Navy Victoria, B.C.-based Seaspan Victoria Shipyards has delivered the Halifax-class frigate HMCS Calgary back to the Royal Canadian Navy, marking the successful completion of the company’s second full docking work period (DWP) under Seaspan’s Halifax-class work period (HCWP) contract. The DWP for HMCS Calgary is…

  • Conrad Shipyard wins $8.4M USACE deck barge contract

    Conrad Shipyard wins $8.4M USACE deck barge contract Conrad Shipyard LLC, Morgan City, Louisiana, has been awarded an $8,418,100 firm-fixed-price contract for procurement of a steel-hulled deck barge. Bids were solicited via the internet with two received. According to the Pentagon announcement of the deck barge contract, work will be performed in Memphis, Tennessee. Estimated…

  • Purus confirms South Korean LNG carrier order

    Purus confirms South Korean LNG carrier order UK-based shipowner Purus Marine has firmed up an order for a new LNG carrier at HD Hyundai Heavy Industries, adding to its growing gas carrier orderbook in South Korea. The Julian Proctor-led company has signed for a 180,000 cu m newbuild with delivery set for the fourth quarter…

  • BAE Systems cuts ribbon for $250M Jacksonville shiplift and land level facility

    BAE Systems cuts ribbon for $250M Jacksonville shiplift and land level facility BAE Systems (LON: BA) this week unveiled its new shiplift and land level repair complex during a ribbon-cutting ceremony at its Jacksonville, Fla., shipyard. This marks a significant milestone in the $250 million investment to transform its ship repair capabilities and solidify its…

  • COSCO books chemical tanker at Wuchang

    COSCO books chemical tanker at Wuchang COSCO Shipping Energy Transportation (CSET) has expanded its tanker orderbook with a single chemical carrier newbuilding. The board of the listed oil and gas shipping business of COSCO Shipping Group has approved the construction a 9,200 dwt stainless steel unit at Wuchang Shipbuilding. The deal, worth about $25m is…

  • ONE and Hapag-Lloyd line up more than 30 newbuild contracts

    ONE and Hapag-Lloyd line up more than 30 newbuild contracts Alphaliner is reporting that Ocean Network Express (ONE) and Hapag-Lloyd are close to finalising big orders in Asia as the record global container orderbook nears 10m teu. Singapore-based, Japanese-owned ONE is in discussions with HD Hyundai in South Korea for up to twelve 16,000 teu…

  • SCA announces winners of its annual shipyard safety awards

    SCA announces winners of its annual shipyard safety awards The Shipbuilders Council of America (SCA), the national trade association representing the U.S. shipbuilding, maintenance, and repair industry, has announced its annual member safety awards for the 2024 calendar year. This year, 14 shipyards are receiving awards for their achievements in safety. “Year after year, the…

  • Japan-US Shipbuilding Revitalization Fund under discussion

    Japan-US Shipbuilding Revitalization Fund under discussion The Japanese government will issue a major new shipbuilding directive next month, aimed to revive an industry it used to lead the world in, as well as using the nation’s yards as a bargaining chip in trade talks with the Donald Trump administration in the US.  Using the 2022-promulgated…

  • Hudong-Zhonghua commissions giant new shipbuilding facility north of Shanghai

    Hudong-Zhonghua commissions giant new shipbuilding facility north of Shanghai One of China’s top shipyards, Hudong-Zhonghua Shipbuilding, has commissioned a giant new facility to boost its production of LNG carriers.  The new $2.5bn, 432 ha yard on Changxing Island north of Shanghai will boost the state-run company’s annual LNG carrier output from six to 10 vessels…

  • Vancouver Drydock opens new state-of-the-art operations center

    Vancouver Drydock opens new state-of-the-art operations center Seaspan’s Vancouver Drydock in North Vancouver, B.C,, this week celebrated the grand opening of its new 21,000 square foot operations center – a state-of-the-art, two-story facility that will support the increased capability at Vancouver Drydock to support the marine industry on the West Coast. The new operations center…

  • Ningbo Ocean Shipping picks yard for 2,700 teu series

    Ningbo Ocean Shipping picks yard for 2,700 teu series Ningbo Ocean Shipping Co (NBOSCO) has selected a shipyard for its latest series of containership newbuildings. Huangpu Wenchong Shipbuilding has won a tender to build four 2,700 teu vessels for the Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group, which earlier this year lined up $192m for fleet…

  • Newbuild prices edge down

    Newbuild prices edge down Latest data from Clarksons Research shows that after three bumper years of orders, the appetite for newbuilds among owners is weak, down 57% year-on-year, which has also seen newbuild prices finally edge down. Clarksons is reporting newbuild prices are down 1.2% from the start of 2025, though they are still historically…

  • HD Hyundai pitches port cranes to US Trade Representative

    HD Hyundai pitches port cranes to US Trade Representative Jamieson Greer, the US Trade Representative, has been in South Korea this week where shipbuilding talks have taken place as well as pitches made to become an alternate supply of port cranes.  As well as meeting with government officials, Greer sat down with HD Hyundai vice…

  • Russia readies billions for domestic fleet buildout

    Russia readies billions for domestic fleet buildout Russia is stepping up the development and renewal of its fleet with plans to add more than 1,600 domestically built ships by 2036. Russian prime minister Mikhail Mishustin said that more than RUB500bn ($6.2bn) in federal funding will be spent over the next six years to support shipbuilders,…

  • Nissen Kaiun in for HD Hyundai Mipo LPG brace

    Nissen Kaiun in for HD Hyundai Mipo LPG brace Low-profile shipowner Nissen Kaiun has returned to HD Hyundai Mipo Dockyard in Ulsan for a pair of LPR carriers. Multiple newbuilding sources have listed the Japanese shipping mammoth with two 45,000 cu m units booked at $73.5m each for delivery in 2027. The owner of more…

  • Seaspan books six containership newbuilds in China

    Seaspan books six containership newbuilds in China Seaspan has put pen to paper on more containership newbuilds at Shanghai Waigaoqiao Shipbuilding (SWS) in China. The Bing Chen-led tonnage provider has booked six 10,000 teu vessels with delivery likely starting in 2028. No value has been revealed for the shipbuilding contract that was concluded in renminbi…

  • Chesapeake Shipbuilding opts for Aquarius retractable stabilizers

    Chesapeake Shipbuilding opts for Aquarius retractable stabilizers Continuing a15-year partnership with Chesapeake Shipbuilding in Salisbury, Md., Kongsberg Maritime is supplying its Aquarius retractable stabilizers for installation on the latest newbuild cruise ships under construction at the shipyard for American Cruise Lines, The Aquarius retractable stabilizers offer high-performance roll damping, compact and lightweight design, and advanced…

  • Moran Towing christens new tug at Port of Beaumont

    Moran Towing christens new tug at Port of Beaumont Moran Towing Corporation, New Caanan, Conn., hosted a christening ceremony for its newest tugboat, the Mary Jane Moran, at the Port of Beaumont in Texas on April 5. The event brought together Moran employees, leadership, the local port community, and the namesake’s family for a celebration…

  • SteelShips back for more K Shipbuilding product tankers

    SteelShips back for more K Shipbuilding product tankers Piraeus and New York-based owner SteelShips has signed up for a fresh pair of medium-range product tanker newbuilds in South Korea. Shipbuilding sources report the Nicholas Notias-led outfit has returned to its go-to yard, K Shipbuilding, for two more 50,000 dwt units with delivery expected in 2027.…

  • World’s largest car carrier sets sail from China

    World’s largest car carrier sets sail from China The world’s largest car carrier has left a yard in China on its maiden voyage to Brazil.  The 9,200 ceu BYD Shenzhen pips Höegh Autoliners’ Aurora class series by 100 cars in terms of capacity, and becomes the fourth vessel in Chinese auto manufacturer BYD’s growing fleet…

  • Damen signs new tug contracts with Fairplay Towage and Louis Meyer

    Damen signs new tug contracts with Fairplay Towage and Louis Meyer Damen Shipyards Group has concluded contracts that will see four new tugs delivered to Hamburg-headquartered Fairplay Towage. Three of the contracts were signed directly with Fairplay. The fourth was signed with another Hamburg operator, Neue Schleppdampfschiffsreederei Louis Meyer, which will long-term bareboat charter the…

  • Philly Shipyard steps forward to meet US LNG carrier requirements

    Philly Shipyard steps forward to meet US LNG carrier requirements The Korean-controlled Philly Shipyard is gearing up to build the first LNG carriers in America since the 1970s. Following last week’s announcement by the US Trade Representative (USTR) on port fees designed to boost American shipbuilding, Hanhwa Ocean, which bought Philly Shipyard last year, has…

  • Seacon orders ultramax bulker at Tsuneishi Zhoushan

    Seacon orders ultramax bulker at Tsuneishi Zhoushan Hong Kong-listed Secon Shipping is growing its dry bulk fleet with an ultramax newbuilding at Tsuneishi Zhoushan Shipbuilding. The Qingdao-based owner and operator is paying $38.34m to see the Tsuneishi-controlled Chinese yard, in which Yangzijiang Shipbuilding also holds a 34% stake, deliver the 63,300 dwt vessel in April…

  • Japanese and Korean yards with investments in China on edge

    Japanese and Korean yards with investments in China on edge With Donald Trump widely tipped to pass judgement on extra fees for Chinese-linked tonnage calling at US ports in the next couple of days, another wrinkle has emerged that has not been widely discussed in Washington to date.  Trump’s tariff war against China late last…

  • The steep learning curve America faces if it wants to return to previous shipyard glory days

    The steep learning curve America faces if it wants to return to previous shipyard glory days The stats surrounding the steep learning curve the US faces if it wants to claw back any market share in shipbuilding are astonishing. Donald Trump, the American president, is taking steps to try and build back the country’s shipyards,…

  • Centrofin books four suezmaxes at Samsung Heavy

    Centrofin books four suezmaxes at Samsung Heavy Greece’s Centrofin has added tanker newbuildings to its orderbook in a deal with South Korean yard Samsung Heavy Industries. Shipbuilding sources have placed the Dimitris Procopiou-led company behind the order for four suezmaxes at about $83m per ship. Samsung announced the order without disclosing the owner, with deliveries…

  • Trump signs Make Shipbuilding Great Again executive order

    Trump signs Make Shipbuilding Great Again executive order US president Donald Trump has signed a well-telegraphed executive order aimed at resuscitating American shipyards while also limiting China’s dominant influence on the sector. Acknowledging the US’s less than 1% global shipbuilding market share yesterday, Trump said: “Rectifying these issues requires a comprehensive approach that includes securing…

  • Purus signs for LNG carrier newbuild in South Korea

    Purus signs for LNG carrier newbuild in South Korea Purus Marine has contracted an LNG carrier newbuild in South Korea. Brokers have named the UK-based owner behind a newbuilding contract announced by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) last week. HD Hyundai Samho will build the 180,000 cu m unit for about $262m,…

  • Dong Fang Offshore orders subsea construction vessel at Vard

    Dong Fang Offshore orders subsea construction vessel at Vard Taiwanese owner and operator Dong Fang Offshore (DFO) has returned to Fincantieri-controlled Norwegian shipbuilder Vard for at least one subsea construction vessel. The subsidiary of Hung Hua Construction, with a fleet of more than 15 offshore vessels, is paying €113.5m ($126m) to see the firm vessel…