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HD Hyundai Heavy Industries Raises Credit Rating to A+

HD Hyundai Heavy Industries' effective credit rating has risen to A+. This is a boon for HD Hyundai Group, as it has now raised the rating of its heavy industries division following its holding company, thanks to profitability and ..

News > Shipbuilding > 2025-04-03 12:05:05

Stena Line develops new concept vessel

Stena Line has recently revealed its latest concept for the new generation of vessel 'Stena Futuro', a 240-meter-long RoRo vessel intended for transporting semi-trailers and cars. “The mission is to develop the most eff..

News > Shipbuilding > 2025-04-03 09:46:17

KM provides equipment for new OSV

Kongsberg Maritime (KM) announced on April 2 that it has secured a contract to supply an integrated package of equipment for a new Offshore Support Vessel (OSV) being built for ship owner DOF. The new 110 metre OSV, with a capacity t..

News > Equipment > 2025-04-03 09:38:13

MARIN runs ABB Dynafin test successfully

Globally recognized maritime research institute MARIN has verified that efficiency levels modeled for ABB Dynafin™ propulsion concept will convert to real-world ship performance gains, following tests at its Concept Basin in the N..

News > Equipment > 2025-04-03 09:22:10

Alfa Laval takes over NRG Marine

Alfa Laval has completed the acquisition of UK-based NRG Marine, a leading provider of ultrasonic anti-fouling technology for marine, oil-and-gas and industrial applications. This strategic move strengthens Alfa Laval’s capabiliti..

News > Equipment > 2025-04-03 09:06:30

Yang Ming expands its fleet

Taiwanese shipping company Yang Ming Marine Transport is planning to order up to 10 new container ships and is talking with shipbuilders around the world. According to reports, Yang Ming has asked major shipyards for price quotes on ..

News > Shipbuilding > 2025-04-02 18:21:39

HD Hyundai Marine Engine wins new order from HD KSOE

HD Hyundai Marine Engine recently announced that it signed a contract with HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to supply marine engines. The deal is worth about KRW 29.54 billion, and the engines will be delivered..

News > Equipment > 2025-04-02 17:05:49

Bulker & tanker orders decline in Q1

Investment in new bulkers and tankers has been sluggish this year. According to Greek shipbroker Intermodal Shipbrokers, global bulker orders in Q1 totaled just 1.62 million dwt, the lowest first-quarter figure on record and the seco..

News > Shipbuilding > 2025-04-02 16:39:39

HD KSOE scores 157K tanker duo

HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced on April 2 that the South Korean shipbuilding tycoon won two 157,000 dwt tankers from Angola's state-owned oil company Sonangol. The value of the vessels stands..

News > Shipbuilding > 2025-04-02 16:38:26

U.S. Sanctions on China Benefit the Korean Shipbuilding Industry

As the U.S. tightens its restrictions on China’s shipbuilding and maritime industries, global shipping companies are increasingly shifting their orders to Korean shipyards. With the U.S. Trade Representative (USTR) moving forward ..

News > Shipbuilding > 2025-04-02 16:29:29