Bankrupt STX Dalian, the Chinese unit of South Korea’s STX Group, has been acquired by Chinese private petrochemical company, Heling Group, after 10 previous failed auctions.

The fifth episode of YouTube documentary filmed by the crew of the President Wilson sees the containership finally leave the shipyard after months of being caught in Shanghai’s Covid lockdown.

Yangzijiang Shipbuilding has bagged $990m new orders for 16 vessels since the beginning of 2022.

Singapore retains its position as top shipping centre for the ninth year running in the Xinhua–Baltic index in a 10 top ranking that saw little movement apart New York/New Jersey benefitting from a surge in container volumes.

UAE-based fabrication and engineering specialist, London Stock Exchange-listed Lamprell plc is considering selling up at a steep discount to an existing minority shareholder after announcing severe liquidity problems.

German shipowner H. Vogemann Reederei Services is forging ahead the contract with Bestway Marine & Energy Technology for the construction of four bulk carriers.

South Korean shipbuilder Samsung Heavy Industries (SHi) has announced it has received orders totalling $3bn for 14 LNG carriers to be delivered in 2024 and 2026, the largest single order in its history.

Wärtsilä is set to power Stena RoRo’s trio of new hybrid RoPax vessels for Brittany Ferries' UK-France trade.

Antwerp-based specialist reefer owner, Seatrade, has ordered four new container ships with high reefer capacity at China’s Huanghai Shipyard for delivery from October 2023.

London-based Greek shipowners have expressed their frustration at what they say is the lack of action on the part of governments, charterers and shipbuilders over the past 12 months when it comes to dealing with the challenges facing the shipping...