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Category: Shipyards

  • HD KSOE confirms Angolan suezmax orders

    HD KSOE confirms Angolan suezmax orders HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has firmed up a deal with Sonangol for a pair of suezmax tanker newbuildings. The shipbuilding intermediate holding company of HD Hyundai said in a filing the Angola state-controlled oil company is paying $176m to see the 157,000 dwt duo delivered…

  • Qinfeng Shipbuilding bags boxship orders

    Qinfeng Shipbuilding bags boxship orders China’s Jiangsu Qinfeng Shipbuilding has secured orders from Jiangsu Lvhang Logistics for up to six containerships. The deal, with an undisclosed value covers one firm and five optional 1,138 teu newbuilds, with the first vessel expected for delivery by November 2026. No further details have been divulged, except that the…

  • Hanwha buys Austal stake

    Hanwha buys Austal stake South Korea’s Hanwha Group has taken a 9.9% stake in Australian shipbuilder Austal almost a year after it proposed a full takeover. Hanwha on Tuesday said it had acquired 41.2m shares in Austal, paying A$4.45 a share. Hanwha said it aims to become a long-term strategic partner to the Australian shipbuilder…

  • Oskar Wehr seals newbuild quartet in China

    Oskar Wehr seals newbuild quartet in China Germany’s Oskar Wehr is expanding its fleet with four general cargo newbuilds in China. Newbuilding sources report the Hamburg-based outfit has contracted 5,900 dwt units at Jiangsu Dajin Heavy Industry. No price has been divulged for the order. The yard, which has several German owners on its newbuilding…

  • Chinese owners and yards come out fighting in US trade dispute

    Chinese owners and yards come out fighting in US trade dispute Both the China Shipowners’ Association (CSA) and the China Association of the National Shipbuilding Industry (CANSI) have left public comments criticising the US Trade Representative’s proposals to charge extra for fleets with Chinese-built tonnage calling at American ports, arguably the biggest shock policy to…

  • Preliminary signs of a two-tier freight market emerge as US crackdown on Chinese-built tonnage nears

    Preliminary signs of a two-tier freight market emerge as US crackdown on Chinese-built tonnage nears The first signs of a two-tier market are emerging in anticipation of Donald Trump’s likely penalisation of Chinese-built tonnage.  Broker BRS is reporting Chinese-linked ships are now becoming “far less attractive” for long time charters due to the likelihood that,…

  • Xingtong books chemical tankers at Taizhou Kouan

    Xingtong books chemical tankers at Taizhou Kouan Chinese chemical tanker player Xingtong Shipping has contracted four stainless steel newbuilds at Taizhou Kouan Shipbuilding. The Shanghai-listed company said its subsidiaries are paying $91.5m in total, excluding tax, for two 13,000 dwt and two 13,800 dwt vessels. Set up in 1997, Xingtong controls a fleet of 45…

  • CMA CGM’s Saadé vows to invest $20bn into the US over the next four years

    CMA CGM’s Saadé vows to invest $20bn into the US over the next four years CMA CGM’s Rodolphe Saadé was in the White House yesterday, unveiling a $20bn planned investment into the US.  The huge investment over the next four years would create 10,000 jobs, CMA CGM said, and include expanding container terminals, building an…

  • Ningbo Marine firms up ultramax pair at Jiangsu Haitong

    Ningbo Marine firms up ultramax pair at Jiangsu Haitong Chinese owner Ningbo Marine has added to its ultramax bulker orderbook with two newbuilds firmed up at compatriot yard. The Shanghai Stock Exchange-listed company signed up for up to four 64,000 dwt vessels at Jiangsu Haitong Offshore Engineering Equipment last November. The deal covered two firm…

  • Adhart linked to tanker quartet at New Dayang

    Adhart linked to tanker quartet at New Dayang Singapore’s Adhart Shipping has been named as the owner behind a debut product tanker order for Chinese bulker builder New Dayang. The subsidiary of state-run machinery manufacturer Sumec Group announced its entry into tanker shipbuilding in January through a deal for four MR units with an undisclosed…

  • US targets Chinese ships and terminal investments

    US targets Chinese ships and terminal investments The US is considering slapping huge fees on Chinese-built ships calling at its ports, while also clamping down on Chinese ownership of terminals on home soil. The United States Trade Representative (USTR) has finally outlined the ways it feels Washington DC can fight back against the dominance China…

  • MSC books up to eight megamaxes at Changhong International

    MSC books up to eight megamaxes at Changhong International Gianluigi Aponte’s Mediterranean Shipping Co (MSC) has returned to Zhoushan Changhong International Shipyard in China for a new series of LNG dual-fuel megamax containerships. The Swiss-based liner giant has signed up for four firm 21,700 teu newbuilds with options for up to four additional vessels. Deliveries…

  • Louis Dreyfus Armateurs picks ZPMC for SOV newbuild series

    Louis Dreyfus Armateurs picks ZPMC for SOV newbuild series France’s Louis Dreyfus Armateurs (LDA) has selected Shanghai Zhenhua Heavy Industries (ZPMC) to build its latest series of service operation vessels (SOV) that will be deployed on offshore wind sites in the German North Sea. Earlier this year the French family-owned shipowner emerged as a winner…

  • Maersk seals pact with India’s top yard

    Maersk seals pact with India’s top yard AP Moller-Maersk has signed a memorandum of understanding with India’s Cochin Shipyard to explore ship repair and shipbuilding opportunities. The strategic partnership, which aligns with India’s aim to be among the top 10 maritime nations by 2030 and the top five by 2047, is expected to see the…

  • Hanwha Ocean building LNG carriers for its shipowning arm

    Hanwha Ocean building LNG carriers for its shipowning arm South Korean shipbuilder Hanwha Ocean has signed contracts to build two LNG carriers for its affiliate Hanwha Shipping. The Okpo-based yard formerly Daewoo Shipbuilding & Marine Engineering (DSME) is scheduled to deliver the vessels by the end of September 2027. Hanwha Shipping was formally launched by…

  • Evalend tied to HD Hyundai Mipo LNG bunker newbuilds

    Evalend tied to HD Hyundai Mipo LNG bunker newbuilds Greece’s Evalend Shipping has been linked to a newbuilding deal for four LNG bunkering vessels commissioned at the South Korean shipbuilder HD Hyundai Mipo. Multiple shipbroking outfits have named the Kriton Lendoudis-backed diversified owner behind the 18,000 cu m newbuilds booked at the yard in Ulsan…

  • Boa orders semisub heavy lift barge at Dalian

    Boa orders semisub heavy lift barge at Dalian Norway’s Boa has signed a contract with Dalian Shipbuilding Offshore Co, for the construction of up to two semi-submersible heavy lift barges. The in-house-designed Boabarge 39, first introduced in November 2023, is targeted for delivery in the third quarter of 2026, and the company has secured an…

  • Olympic contracts offshore newbuild brace at China Merchants shipyard

    Olympic contracts offshore newbuild brace at China Merchants shipyard Norway’s Olympic is expanding its fleet with a pair of offshore construction vessel newbuilds contracted at China Merchants Heavy Industry shipyard in Shenzhen. The Stig Remøy-led offshore vessel owner said the vessel will be the most energy-efficient in their category and delivered in the summer of…

  • India sets aside billions to develop shipyards

    India sets aside billions to develop shipyards India’s finance minister Nirmala Sitharaman announced on Saturday the creation of a $2.9bn maritime development fund for the long-term financing of the country’s shipbuilding and repair industry, the latest in a series of measures the Narendra Modi administration is taking to make the world’s most populous nation a…

  • Peter Döhle contracts up to five boxsips at GSI

    Peter Döhle contracts up to five boxsips at GSI Germany’s Peter Döhle Schiffahrts has added to its boxship orderbook with up to five 8,400 teu newbuilds in China. Shipbuilding sources say the Hamburg-based boxship and bulker owner and operator has contracted three firm and two optional vessels at CSSC Guangzhou Shipyard International (GSI), paying between…

  • Arriva adds to bulker orderbook in China

    Arriva adds to bulker orderbook in China Norway’s Arriva Shipping has continued its fleet renewal drive with a fresh battery hybrid bulker newbuilding order in China. The Sindre Matre-led company has contracted Jiangsu Soho Marine Heavy Industry to see the 8,000 dwt vessel delivered in the third quarter of 2026. The newbuild will be a…

  • SITC lifts Huanghai boxship series to eight

    SITC lifts Huanghai boxship series to eight Chinese boxship player SITC International Holdings has exercised options at Huanghai Shipbuilding for two additional 1,800 teu vessels. The Hong Kong-listed shipowner is paying nearly $58m to lift the series at the compatriot yard to eight, with deliveries for the latest pair scheduled by October and December of…

  • Candler firms up MPP brace at New Jiangzhou Shipyard

    Candler firms up MPP brace at New Jiangzhou Shipyard German MPP specialist Candler Schiffahrt has bolstered its orderbook at China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry in a deal for two additional vessels. The Bremen-based company has contracted the 12,000 dwt brace for an undisclosed price tag following a deal for four newbuildings last March.…

  • CMA CGM inks 2025’s largest ship orders to date

    CMA CGM inks 2025’s largest ship orders to date France’s CMA CGM is being widely tipped as the European owner mentioned in a release today by HD Hyundai Heavy Industries behind the biggest ship orders in the year to date. Splash understands CMA CGM has contracted the Korean shipyard to build twelve 18,000 teu LNG…

  • New Dayang lands product tanker debut

    New Dayang lands product tanker debut Chinese builder New Dayang best known for its shipbuilding know-how in the dry bulk segment has sealed its first order for product tankers. The shipbuilding arm of state-run machinery manufacturer Sumec Group has been commissioned to build four MR units for what it described as “world-renowned shipowners”. Delivery details…

  • Mercurius back at New Jiangzhou Shipyard for more chemical tankers

    Mercurius back at New Jiangzhou Shipyard for more chemical tankers Dutch owner Mercurius Shipping has returned to China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry for more stainless steel chemical tankers. The inland waterway shipping player has signed up for a pair of 6,000 newbuilds, with delivery likely by June and September 2026. No price has…

  • Celsius seals Samsung Heavy LNG carrier order

    Celsius seals Samsung Heavy LNG carrier order Celsius Tankers, a unit of Danish owner Celsius Shipping, has ordered an additional 180,000 cu m LNG carrier at Samsung Heavy Industries. The newbuild will deliver in 2027 and enter into a long-term charter with a Japanese major. Celsius said its LNG carrier design will minimise CO2 emissions…

  • Shipping readies to navigate new Trump era

    Shipping readies to navigate new Trump era Today marks the end of the Joe Biden administration in the US, one of the most profitable four-year periods for shipping. With the return of Donald Trump to the White House, the shipping industry has many questions about what the future of global trade holds, some of which…

  • Zhejiang Zheshang Financial signs for bulker brace at Jiangsu Soho Chuangke

    Zhejiang Zheshang Financial signs for bulker brace at Jiangsu Soho Chuangke China’s Zhejiang Zheshang Financial Leasing has contracted two ultramax bulk carrier newbuilds at compatriot yard Jiangsu Soho Chuangke Shipbuilding. The 63,500 dwt units cost between $34m and $35m each, with delivery set for 2027. The order is backed by a bareboat charter to the…

  • Beijing dismisses US shipbuilding probe

    Beijing dismisses US shipbuilding probe China’s commerce ministry on Friday dismissed a US investigation targeting China’s shipbuilding, maritime and logistics sectors, describing it as marked by “unilateralism and protectionism”. The US Trade Representative’s (USTR) office on Thursday said it has found China’s targeted dominance of the global shipbuilding, maritime and logistics sectors is “unreasonable” and…

  • Wuhu Shipyard in $4bn tie-up with compatriot leasing duo

    Wuhu Shipyard in $4bn tie-up with compatriot leasing duo China’s Wuhu Shipyard has partnered up with two domestic financial leasing players to jointly work on new projects potentially worth more than RMB30bn ($4.1bn). The largest shipbuilding enterprise in Anhui province, formerly known as Fujiheng Machinery Plant, has penned a collaboration agreement with Wanjiang Financial Leasing…

  • Lowest bid wins? It’s the least sustainable way of building a ship

    Lowest bid wins? It’s the least sustainable way of building a ship It is said that preparations rarely survive contact with reality, but shipyards are realising that engaging with contractors adds value, writes German Cagliardi from RNDV Group of Companies. The business of actually building a ship gains far less attention than contract announcement or…

  • Bibby Marine selects new yard for electric CSOV newbuild

    Bibby Marine selects new yard for electric CSOV newbuild UK shipowner Bibby Marine has found a new shipbuilder in Spain for its electric commissioning service operation vessel (eCSOV). The contract for the innovative eCSOV has been moved from Gondan Shipbuilders to shipyard Armon after the project timelines were unable to be fulfilled, the company told…

  • ST Engineering bags walk-to-work vessel order

    ST Engineering bags walk-to-work vessel order Singapore’s ST Engineering has secured a shipbuilding contract for the design and construction of a walk-to-work (W2W) vessel for an undisclosed “leading oil and gas company”, marking its expansion into the market for specialised vessels supporting offshore operations. The newbuild is expected to be completed by the first half…

  • Elbdeich back for more Wenchong boxships

    Elbdeich back for more Wenchong boxships German owner Elbdeich Reederei has returned to China’s Wenchong yard for up to four more containership newbuilds. Copenhagen-based MB Shipbrokers reports Elbdeich is ordering a pair of 1,900 teu vessels at about $32.2m each, with options attached for two more. Unlike the 1,300 teu methanol dual-fuel boxships the company…

  • Hebei Xinyang signs for kamsarmax pair at Chengxi

    Hebei Xinyang signs for kamsarmax pair at Chengxi China’s Hebei Xinyang Shipping has contracted two kamsarmax bulk carrier newbuilds at CSSC Chengxi Shipyard. The 229-m-long newbuilds, independently developed by CSSC Chengxi, will meet the International Maritime Organization’s (IMO) Tier III and EEDI III emission standards. The deal worth about $75m will see the first 82,600…

  • COSCO targeted by the Pentagon over alleged ties to the People’s Liberation Army

    COSCO targeted by the Pentagon over alleged ties to the People’s Liberation Army COSCO, the world’s largest shipping company, is among a host of Chinese shipping-related names added to a list of companies the US Department of Defense views as having links to the People’s Liberation Army. While being on the Pentagon’s blacklist carries no…

  • Fuzhou Wuyang signs for LNG bunker newbuilds at CIMC SOE

    Fuzhou Wuyang signs for LNG bunker newbuilds at CIMC SOE China’s Fuzhou Wuyang Refined Oil Trading has contracted for two LNG bunker vessel newbuilds at compatriot Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE). The deal, with an undisclosed price tag, covers one firm 12,000 cu m LNG dual-fuel vessel for delivery in 2027 and…

  • Jennifer Childs named VP quality and engineering at Ingalls

    Jennifer Childs named VP quality and engineering at Ingalls HII (NYSE: HII) reports that Jennifer Childs has been named vice president of quality and engineering of the company’s Ingalls Shipbuilding division, effective Jan. 6, 2025. She succeeds Brian Blanchette, who is to succeed Kari Wilkinson as president of Ingalls Shipbuilding (and become an HII VP)…

  • China now controls unprecedented 65% of global shipbuilding orderbook

    China now controls unprecedented 65% of global shipbuilding orderbook China’s combined orderbook for merchant ships has grown by a remarkable 170% this decade, stretching its lead over its nearest shipbuilding rivals dramatically.  Data from Greek broker Intermodal and Clarksons Research show how the 2020s – and 2024 in particular – have been banner years for…

  • Seaspan Garibaldi completes its first ship-to-ship LNG transfer

    Seaspan Garibaldi completes its first ship-to-ship LNG transfer Vancouver, B.C.-headquartered Seaspan Energy‘s Seaspan Garibaldi has successfully completed its first LNG ship-to-ship transfer to a containership in the Port of Long Beach, Calif. This operation marks the beginning of Seaspan’s service offering on the West Coast of North America with two LNG bunkering vessels to soon…

  • DryDel enters cape segment with double order at Namura

    DryDel enters cape segment with double order at Namura Greek bulker player DryDel Shipping is moving into the capsize sector through a newbuilding deal in Japan. The Costas Dellaportas-led company has ordered a pair of scrubber-fitted 182,000 dwt vessels at Namura Shipbuilding with delivery set for 2028. Financial details were not given, but DryDel said…

  • Seacor Marine orders PSVs in China as it clears out AHTS fleet

    Seacor Marine orders PSVs in China as it clears out AHTS fleet US offshore vessel owner and operator Seacor Marine has ordered two platform supply vessels at China’s Fujian Mawei Shipbuilding for delivery in the fourth quarter of 2026 and the first quarter of 2027. The deal with the yard, which earlier this year also…

  • Nanjing Tanker heads to GSI for four newbuilds

    Nanjing Tanker heads to GSI for four newbuilds China’s Nanjing Tanker is continuing its fleet renewal with a series of panamax tanker newbuilds at a domestic yard. The Shanghai-listed owner under the China Merchants Group said in a filing it would order four 65,000 dwt carriers at Guangzhou Shipyard International (GSI) for about $250m. The…

  • 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…

  • 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…

  • 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,…

  • 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)…

  • 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…

  • 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.…

  • 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…

  • 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,…

  • 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,…

  • 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…