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.

Dalian Shipbuilding Industry Company (DSIC) has signed a contract for the construction of up to four 175,000 cu m LNG carriers with new joint venture Sea Jade Investment Limited.

Japan’s Mitsubishi Shipbuilding is currently developing a fuel supply system for using ammonia onboard ships and has started tests on safety systems.

CSSC Beihai Shipbuilding enters into the VLCC newbuilding market by securing two orders from tanker owner Euronav.

Wallenius Wilhelmsen has announced it is going to build up to twelve methanol dual fuel pure car and truck carriers (PCTC) at China’s Jinling Shipyard with the first vessels set to be delivered from the second half of 2026..

Albwardy Damen Managing Director, Lars Seistrup, is bullish on both newbuild and repair prospects in Gulf waters. The main driver, he says, is the positive business environment that is evident across the region and closely linked with firm energy...

Pressure on container ship demolition prices is set to increase with the “relentless” delivery schedule allied with a stalling charter market and weakening demand for steel in the all-important China market forcing prices down.

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...

Chinese shipbuilder Zhoushan Changhong International Shipyard announced MSC has added a further ten LNG-fuelled containership newbuilds at the yard.