There are how 805 LNG-fuelled ships in operation or on order, and 229 more ‘LNG-ready’ ships, according to the latest Alternative Fuels Insight from classification society, DNV.
Two plants designed to spur the development of shipbuilding through domestic Saudi steel production, with a combined value of $4.6bn, are to be set up at the King Salman Global Maritime Industries Complex.
Ocean Network Express (ONE) has contracted its first containership newbuildings from Hyundai Heavy Industries (HHI) and Nihon Shipyard Ltd.
Affected by the covid-pandemic domestically, the major shipbuilding indexes of Chinese shipyards showed clear decline during January-April 2022.
Saudi shipyard International Marine Industries (IMI) has inked an agreement with Keppel LeTourneau Middle East (KLET) for the design and construction of offshore rigs.
End buyers are holding off finalising deals as steel plate prices fall and recycling currencies slip sharply against the dollar, according to the latest update from GMS, the world’s largest cash buyer of end-of-life ships.
Regional Container Lines (RCL) has inked a contract with Shanghai Waigaoqiao Shipbuilding for the construction of two more 7,000 teu containerships.