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.

AET has taken delivery of the first of three LNG dual-fuel VLCCs for long-term charter to Shell.

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...

Avance Gas has exercised an option for two additional LPG/ammonia gas carriers from Nantong CIMC Sinopacific Offshore & Engineering.

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...