News

DHT acquires Korean-built tanker, drops Chinese ships in response to U.S. port fees

DHT Holdings, a tanker shipowner listed on the New York Stock Exchange, seems to have acquired a very large crude carrier (VLCC) from Greek shipowner Enesel, as part of a broader shift away from Chinese-built ships amid tightening U.S. ..

News > Shipping > 2025-06-19 11:39:18

HD KSOE's order goal achievement rate 'good'

Three shipbuilding affiliates of HD Korea Shipbuilding &Offshore Engineering (HD KSOE) HD Hyundai Heavy Industries (HD HHI), HD Hyundai Samho and HD Hyundai Mipo secured newbuilding contracts worth $6.286bn from January to May 2025...

News > Shipbuilding > 2025-06-19 10:49:35

HD Hyundai to develop fuel cell tech for cruse ships

In the decarbonization era, HD Hyundai sets to develop fuel cell technology for cruise ships. The South Korean conglomerate announced on June 19 that its affiliates HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyund..

News > Equipment > 2025-06-19 10:22:09

Michelin-backed Marine Fuel Cell Emerges from Singapore

Start-up Proteus Energy unveils compact hydrogen solution, targeting harbour craft and coastal vessels Singapore-based clean maritime technology start-up Proteus Energy is entering the commercial stage with a next-generation marine f..

News > Equipment > 2025-06-19 08:50:37

Excelerate Nears Purchase of Steam LNG Carrier

GasLog’s ‘Methane Alison Victoria’ eyed for FSRU conversion… Could this set a new benchmark in the secondhand LNG market? “An 18-year-old Steam Turbine LNG Carrier to Become FSRU?” US regasi..

News > Shipping > 2025-06-19 08:45:32

EU Prepares to Cut Off Russian Gas Imports Completely by 2027

“Ending Weaponized Energy” — The Next LNG Power Struggle: US vs. Qatar EU Sets Timetable for Full Russian Energy Phase-Out The European Union (EU) has officially announced a timetable to fully stop imports of R..

News > Shipping > 2025-06-19 08:39:12

Formosa Plastics Returns to Chinese Shipyards with MR Tanker Orders

China Edges Out Korea as Cost-Sensitive Owners Show Their Hand "Four MRs Ordered at GSI — Millions Cheaper Than Korean Yards" Formosa Plastics, Taiwan’s largest petrochemical and refining group, has return..

News > Shipping > 2025-06-19 08:34:22

“Old Bulkers on the Way Out” - Time for K-Shipbuilding to Pivot

22% drop in sub-15-year-old bulk tonnage projected by 2028 Efficiency, emissions, and regulations pushing aging fleet toward early exit New opportunities emerging for Korean builders, repair yards, and recyclers As aging vessels fa..

News > Equipment > 2025-06-19 08:28:14

“Gone in 10 Years” — Aging Bulkers Face Accelerated Exit

Efficiency and emissions pressure to shrink sub-15-year tonnage by 22% by 2028 Fleet polarization and newbuilding gap push younger vessels to premium status The global dry bulk market is entering a full-fledged generational shift, d..

News > Shipping > 2025-06-19 08:21:09

HD Hyundai’s Engine Division Powers Ahead

Secures 80% of annual order target in just five months Green tech opens doors to China’s protectionist market Global marine engine market to hit $17.5bn by 2032 HD Hyundai Heavy Industries (HD HHI) is making waves in the glob..

News > Equipment > 2025-06-19 08:18:32