The Liberian Registry is expanding its network in China after signing a framework co-operation Memorandum of Understanding (MoU) with the China Classification Society (CCS) as the latest step in its strategy to collaborate effectively with its long-term key industry stakeholders.
Making its debut at Posidonia last week was the new International Maritime Industries (IMI) $5.2bn mega-yard at Ras Al Khair on the Gulf coast of Saudi Arabia, 70% jointly owned by Saudi Aramco (50.1%) and its most important tonnage provider Bahri (19.9%), the remainder belonging to UAE-based rig builder Lamprell (20%) and shipbuilder Hyundai Heavy Industries (HHI) (10%) of Korea.
In the latest tie-up in the Japanese shipbuilding market Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding have inked a cooperation agreement for the commercial vessels business.
Malaysian shipowner MISC has taken delivery of its fifth, and final, MOSS-type liquefied natural gas (LNG) carrier newbuilding from Hyundai Heavy Industries (HHI).
In something of a role reversal from when they overtook European shipbuilders in the 1960’s and 70’s Japanese yard executives are questioning subsidies and resulting low priced orders taken by competitors in China and South Korea.
Project Forward an ambitious scheme to build the world¹s first truly deepsea, LNG-powered ships - has signed a letter of intent (LOI) to build up to 20 such dry bulk vessels at Jiangsu Yangzijiang Shipbuilding.
In the first article of this two-part series international shipping lawyer Torgeir Willumsen takes a closer look at key commercial and legal obstacles to autonomous shipping.