The Ministry of Trade, Industry and Energy (MOTIE) of South Korea had an inauguration ceremony for private-public team to develop liquid hydrogen (LH2) carrier in Busan Exhibition & Convention Center (BEXCO), Busan Metropolitan City..
8 Vessels Already Under Construction at Hyundai; Platform Expansion Expected Hyundai Heavy Industries (HHI) is set to benefit from a new wave of LNG carrier demand after U.S. private equity giant Apollo Global Management agreed to ac..
In April 2025, the global newbuilding market showed signs of renewed momentum after a sluggish start to the year. According to UK-based shipbuilding and maritime research firm Clarksons Research, global new ship orders in April reached..
South Korea's shipbuilding industry is strengthening its profit structure by focusing on high-value-added vessels. While their orderbook has slightly decreased, profitability has shown significant improvement. An analysis of the ..
Norwegian Owner Continues Fleet Renewal Amid Profit Decline Norwegian chemical tanker operator Odfjell has announced the order of two new 35,000-dwt stainless steel chemical tankers, set for delivery in 2027 and 2028, as part of its ..
From Tankers to Bulkers, a Total of Eight Newbuildings Secured — Executive Group’s Fleet Restructuring Gains Momentum Adhart Shipping, a fleet management subsidiary of Executive Ship Management, has placed an order for fo..
Material selection and load reliability issues are "infantile defects"... Engine stabilization is a bigger challenge than fuel supply. Maersk, one of the world's largest shipping companies, is facing difficulties with e..
Global Orders Halved, Ship Prices Drop — Korea Must Defend Its ‘Technology Premium’ As global newbuilding volumes plunge, the outlook for shipbuilders — especially small and mid-sized players — is darken..
Estimated 8m deal for 64,000-dwt ships due in 2028–2029 Indonesia’s leading coal conglomerate, the Jhonlin Group, is believed to have placed an order for eight ultramax bulk carriers at Japan’s Oshima Shipbuildin..
Shanghai Marine Diesel Engine Research Institute (SMDERI), a subsidiary of China State Shipbuilding Corporation (CSSC), has secured a contract to supply an electric propulsion system for a 6,800 dwt chemical tanker being built in China ..
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