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...

Two new LNG carriers built at Samsung Heavy Industries (SHI) are joining MISC’s fleet for charters to ExxonMobil.

Newbuilding orders declined 32% for Chinese shipyards according to the statistics released by China Association of the National Shipbuilding Industry (CANSI).

In a discussion on where shipping markets were headed in 2023 the container sector is still waiting to settle on a new normal, while volatile bulker and tanker markets make investments in newbuildings uncertain.

China State Shipbuilding Corporation (CSSC) has made breakthrough in large-size LNG carrier construction market and securing 49 large-size LNG carrier orders in 2022.

CSSC Science & Technology is going to acquire 50% stakes of joint venture, Shanghai TTS Huahai Ships Equipment, from TTS Marine AB.

LNG was the fuel of choice amongst owners ordering ships for operation on alternative fuels in 2022.