Hyundai Merchant Marine (HMM), South Korea's largest shipping company, has ordered four 38,000-ton heavy-lift ships from China's Huangpu Wenchong, equipped with advanced features, and reported strong financial performance for H1 2023, along with...
Greece’s decade-long lead as the largest shipowning nation, measured in gross tons (gt), has come to an end as China takes over pole position. The Mediterranean country is still ahead, however, in deadweight terms. The rankings have been released...
Newly-received shipbuilding orders at Chinese yards were 15.18m dwt in the first three months of this year, increasing 53% on-year.
Private Chinese shipbuilder, New Times Shipbuilding, plans to start construction of 27 newbuilds this year.
China Sate Shipbuilding Corporation’s (CSSC) arm, Hudong-Zhonghua Shipbuilding, had made a breakthrough in large-size LNG carrier construction market and inked orders for 37 newbuildings in 2022.
Chinese automotive manufacturer Chery is going to develop car carrier construction base in Weihai, Shandong province, to meet its growing automobile transportation demands.
Hengli Heavy Industry has relaunched operations at the bankrupt former STX Dalian yard.
An average of more than three new LNG carriers were ordered every week of last year, boosting the orderbook to 323 ships, 49% of the fleet. The sector is likely to continue to expand as LNG becomes an increasingly important component of the global...