A new form of electric propulsion, ABB DynafinTM, was unveiled yesterday by the Swiss-based multinational.

The world’s first ammonia-ready containership CMA CGM Masai Mara built by the Chinese shipbuilder Qingdao Shipyard was delivered on 23 May.

New licenses have been issued to four new Saudi special economic zones, which include major port and shipyard developments, at an investment forum in Riyadh this week.

Newly formed yard group Seatrium is being probed by the Singapore’s Corrupt Practices Investigations Bureau (CPIB) over longstanding corruption allegations related to Sembcorp Marine’s activities in Brazil.

Orient Overseas Container Line (OOCL) has named its second 24,188 teu boxship at Dalian Cosco KHI Ship Engineering shipyard (DACKS).

China Merchants Energy Shipping has placed orders at CSSC Dalian Shipbuilding Industry (DSIC) for the construction of two large size LNG carriers and two crude oil tankers.

Damen Shipyards and Boluda Towage are planning to launch the first methanol-powered tugboat newbuilding in Europe.

China’s Qingdao Shipyard has entered into a shipbuilding contract with John Fredriksen’s Seatankers for the construction of up to eight 82,000 dwt bulk carriers.

Following the new ship construction order of four bulk carriers, Hengli Heavy Industry is rapidly reviving its shipbuilding business and cooperating with South Korean shipbuilder Samsung Heavy Industries (SHI) for a large-size containership project.