Connecting gears of the energy transition

The energy transition is one of the greatest challenges of our time

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Global Orderbook below 200 Mn DWT for 1st Time in 13 Years

The shipbuilding industry completed another difficult year as low contracting remained a trend in 2017.

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Titan Petrochemicals Buying OPCO’s Nantong Shipyard

Hong Kong-based Titan Petrochemicals has reached an agreement to buy the entire issued share capital in the Gold …

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Tanker Orders Ramp Up in Q2

The second quarter of the year saw a total of 32 product tankers ordered as owners rushed to quench their thirst …

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MV Werften Starts Work on New Shipbuilding Complex

German shipbuilder MV Werften has launched construction work on a new hall complex, under an investment of some EUR …

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Hyundai Heavy Earns Less amid Shipbuilding Woes

Shipbuilding woes continued to put a significant amount of pressure on South Korea’a Hyundai Heavy Industries …

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Clarksons: Global Shipyard Capacity Down by 62 Pct

The number of active shipyards on a global scale has dropped by 62 percent since the beginning of 2009, according …

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Korea Line in USD 487 Mn Worth of Shipbuilding Deals

Korean shipping major Korea Line Corporation (KLC) has placed USD 487 million worth of orders for four bulk …

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Eimskip Secures Loan for Construction of Boxship Duo

Reykjavik-based shipping company Eimskip has reached an agreement for the financing of the construction of …

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China Revises White List, Adds Six Shipbuilders

Another six shipbuilders are set to enjoy financial support from China in the forthcoming period as they have been …

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Newbuild Orders at Chinese Yards Take a Nosedive

China’s shipbuilding industry has experienced a 25.4 percent plunge in newbuilding orders during the first …

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Mitsubishi Heavy to Restructure Its Shipbuilding Business?

Japan’s Mitsubishi Heavy Industries (MHI) is considering to restructure its shipbuilding activities and enter …

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Clarksons: Shipyards’ Forward Cover Drops to 2.3 Years

Shipyards have been struggling with reduced vessel ordering for years as global output dropped and capacity …

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Oversupply Keeps January Vessel Orders at Record Low

Global ordering activity has fallen to 26-year low in January 2017, shipbuilding data from Maritime & Trade by …

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Clarksons: Contracting Activity Drops to 30-Year Low

The previous year was very weak for newbuild ordering as contracting activity fell to its lowest level in over 30 …

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DSME Enters Shipbuilding Deal with Iran

South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) and Industrial Development and …

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Diana Shipping Gets Full Refund for Cancelled Bulker

Greek dry bulk ship owner Diana Shipping has received a full refund payment in the amount of USD 9.4 …

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China Cosco Shipping Pools Shipbuilding Assets

China Cosco Shipping Group has integrated all of its shipbuilding assets into one unit – Cosco Shipping Heavy …

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Fincantieri Goes “All In” on Vard Acquisition

Fincantieri Oil & Gas, a subsidiary of the Italian shipbuilding conglomerate Fincantieri, has launched a …

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EIB, Societe Generale Support Green Maritime Transport Plan

European Investment Bank (EIB) and Societe Generale Corporate & Investment Banking signed a framework guarantee …

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ABB, Wuchang Shipbuilding Team Up on Green Ships

Power and automation technology group ABB has signed an agreement with China’s Wuchang Shipbuilding Group to …

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Clarksons: China to Shorten White List to 59 Yards

At the start of October 2016, a set of revised criteria was introduced for China’s White List of domestic …

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