Connecting gears of the energy transition

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

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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