News

Advantage Tankers Orders Another VLCC from Hanwha Ocean

Third Contract Brings 2024 Total to Six Vessels for Korean Builder LNG-ready, Scrubber-Fitted Vessel to be Delivered in 2027 Swiss shipowner Advantage Tankers has placed an additional order for a very large crude carrier (VLCC) with..

News > Shipbuilding > 2025-07-13 14:09:38

HGK Shipping and Covestro to add wind propulsion to coastal vessel

German inland shipping company HGK Shipping and German chemical company Covestro are working together to upgrade the coastal ship Amadeus Titanium with a wind-assisted propulsion system. According to international media, the two comp..

News > Shipbuilding > 2025-07-11 17:06:49

U.S. Seeks ‘Strategic Partnership’ with South Korea to Counter China’s Shipbuilding Surge

“Rising Chinese dominance triggers alarm” Korea-U.S. shipbuilding alliance emerging? Linked to broader energy and agriculture trade deals The United States has formally proposed strategic cooperation with South Korea in..

News > Shipbuilding > 2025-07-11 16:50:36

Korean 'Big3' shipbuilders actively go abroad

Key shipbuilders in South Korea are setting up overseas yards in earnest with a view to deal with future works by diversifying global supply networks and raising production efficiency, as well as retaining their competitiveness in high ..

News > Shipbuilding > 2025-07-11 16:05:26

Samsung Heavy Industries Unveils VR Training Solution for Eco-Friendly Vessels 

First system installed at Evergreen HQ Methanol-fueled vessel training, emergency drills now ‘virtualized’ "Lower risk, greater safety" — Partnership expands into autonomous navigation Samsung Heavy Indu..

News > Equipment > 2025-07-11 15:57:57

Q3 shipping market outlook: Diverging trends by vessel type

The global shipping market outlook for Q3 2025 reveals stark contrasts across vessel types, as a combination of geopolitical tensions and economic headwinds—such as escalating instability in the Middle East, trade sanctions, and a..

News > Shipping > 2025-07-11 14:14:52

Nantong Xiangyu SOE lands deal for 3 bulkers

Nantong Xiangyu Shipbuilding & Offshore Engineering, a growing force in China's maritime manufacturing sector, has secured a major order for three ultra-large bulkers from Japanese shipowner Doun Kisen, in a deal that signals st..

News > Shipbuilding > 2025-07-11 12:22:22

Hanwha Ocean shifts focus from LNGC to eco-friendly and specialized ships

Hanwha Ocean is moving away from its LNG carrier-centered order strategy and expanding into eco-friendly and specialized ship types. The goal is to reduce dependency on the volatile LNG market and diversify revenue streams through high-..

News > Shipbuilding > 2025-07-11 11:25:25

Bulker orders in 1H hit lowest level in 8 years

In the first half of 2025, global bulk carrier orders totaled only 169 vessels, representing a roughly 26% decrease compared to the same period last year and marking the lowest first-half figure since 2017. Veson Nautical recently re..

News > Shipbuilding > 2025-07-11 10:50:37

Maritime industry accelerates adoption of hydrogen fuel cells

Hydrogen fuel cell technology is emerging as a viable option for decarbonizing the maritime sector. While hydrogen lags behind batteries in terms of energy density, it is gaining traction as a key component in the production of e-fuels ..

News > Offshore > 2025-07-11 10:47:48