With some 5,000 offshore wind farms forecast to be developed globally in the coming decades the some markets in Asia - Pacific face a shortage of wind turbine installation vessels (WTIV) warns classification society DNV.
The US financial institution JP Morgan has placed an order for two advanced dual-fuel methanol carriers with China’s Guangzhou Shipbuilding International (GSI). The methanol carriers, to be delivered in 2026, will be employed on a time charter...
MISC and Samsung Heavy Industries (SHI) have received Approval in Principle (AiP) from DNV for a jointly developed concept for a Floating CO2 Storage Unit (FCSU).
The South Korean shipbuilder Hyundai Samho Heavy Industries, a subsidiary of HD Hyundai, has delivered the world’s first vessel equipped with an AI-based engine automation system.
The rainy season continues to undermine weak Indian subcontinent markets suffering from a lack of tonnage and financing issues. As a result, prices continued to drift downwards last week with deals now under discussion at prices below $500 per...
A VLCC newbuilding orderbook that sits at just 1.5% of the current fleet and the fact any new vessel contracts inked now won’t be delivered until second half of 2026, was flagged up by Frontline during its half year results.