UK-based BAR Technologies, developer of wing sail design WindWings, has struck a deal with China Merchant’s CM Energy Tech (CMET), to manufacture, sell and supply sails for installation on new and existing ships in China and across Asia.
South Korean shipbuilder Samsung Heavy Industries (SHI) has won a construction contract for two LPG/ammonia carriers, valued at $235 million.
Japan’s K Line is expanding its fleet dry bulk flee with an order at a Japanese yards for methanol-ready ships.
The VLCC tanker sector has benefited from a very low newbuilding orderbook, however, brokers Poten expect ordering to return in the second half of 2024.