Taiwan-based shipping line Evergreen is planning a massive fleet expansion plan and ordering twenty-four 16,000 teu methanol dual-fuelled containerships at a total cost of up to $5 billion.
Three Shanghai-based shipbuilding yards under China State Shipbuilding Corporation (CSSC), Jiangnan Shipyard, Hudong-Zhonghua Shipbuilding and Waigaoqiao Shipbuilding have bagged 63 newbuilding orders in the first half of this year.
The US Congress approved a US International Development Finance Corp (DFC) plan to allocate a $125 million loan to Syros island-based ONEX Shipyards which is working to relaunch Elefsis Shipyard located at Elefsina, west of Piraeus.
As the flood of newbuildings ordered during in the container shipping boom in 2021 – 22 comes into the market nearly 300,000 teu of shipping capacity were delivered in June according to analyst Alphaliner.
Pakistan’s Gadani Beach could become a ghost town as the ten-kilometre strip, home to more than 130 shipbreaking plots, fails to adapt to the Hong Kong Convention rules.
To attract young people to take up careers as shipboard engineers the design and ergonomics of the engine room need to be studied to make for a more conducive working environment according Gerardo Borromeo, CEO of PTC Group.