Topic
shipbuilding
Logistics DNV: Build fleets that can survive the wrong fuel call
DNV's 10th Maritime Forecast to 2050 urges shipowners to stop betting on a single decarbonisation pathway and instead build fleets that can survive multiple regulatory, fuel and technology outcomes. The report highlights energy efficiency as an immediate strategic hedge while low-GHG fuel markets struggle to emerge. Shippers and operators should expect cost structures to vary by trade lane as regulatory divergence persists.
Logistics Yangzijiang Maritime Moves Into Stainless Chemical Tankers With Taihua
Singapore-listed Yangzijiang Maritime Development has been linked to a 4+2 order for 28,000 dwt duplex stainless-steel chemical tankers at Zhoushan Ningxing Shipbuilding, alongside Taihua Ship Management. Market indications value the firm quartet at roughly $184m and the full six-ship package at about $276m, according to Splash247.
Logistics SPM Shipping enters gas shipping with $91m VLGC buy from Dorian LPG
Dubai-based SPM Shipping has entered gas shipping with the $91m purchase of the 2015-built, 84,000 cu m VLGC Clermont from Dorian LPG, according to Splash247. The deal, concluded in August, follows SPM Shipping's moves into capesize and VLCC segments. Dorian LPG has now sold three VLGCs this summer, with reported prices of $81.8m, $87.3m, and $91m.
Logistics Harland & Wolff to Overhaul Samson and Goliath Cranes Ahead of Royal Navy Contract
Harland & Wolff's Belfast shipyard will spend £3m refurbishing its Samson and Goliath cranes as part of nearly £100m of investment ahead of the Royal Navy's Fleet Solid Support contract. The overhaul is intended to restore the cranes to full lifting capacity for final assembly of three support ships.
Logistics China's Shipbuilding Boom Draws Another Yard into Oceangoing Construction
Yizheng Kangping Ship Repair Yard has started construction of its first 5,000 ceu pure car and truck carrier, ordered by newly established Hainan Chunlong International Shipping. The project signals China's shipbuilding boom pulling smaller domestic yards into oceangoing construction. Chinese yards captured 82.3% of global newbuild orders by deadweight in H1 2026, up 173% year-on-year.
Trade India's Tanker Exports Surge Over Six-Fold to USD 1.36 Billion in Q1 FY27; UAE Leads
India's tanker exports grew more than six-fold to USD 1.36 billion in Q1 FY27 (April-June 2026-27), with the UAE emerging as the top destination. Export volumes rose from 10 to 23 vessels, and new markets including Egypt, South Africa, and Vietnam received first-time shipments.
Manufacturing Ferguson Marine to Cut Quarter of Workforce Awaiting Promised Ship Orders
Ferguson Marine, Scotland's state-owned shipyard, is cutting 70 of 283 posts through voluntary redundancy as it awaits confirmation of four promised Scottish government vessel orders. The yard faces a gap in workload after completing MV Glen Rosa, with none of the promised contracts yet confirmed and due diligence still under way.
Logistics Amoysailing Orders Four Kamsarmaxes, Handing Jiangsu Watts Energy First Newbuilds
Xiamen-based Amoysailing Maritime has placed its first newbuilding order at Jiangsu Watts Energy & Engineering, signing for four 82,000 dwt kamsarmaxes for 2028 delivery. The deal adds 328,000 dwt to the owner's newbuild programme, which also includes two 63,500 dwt ultramaxes at Jiangsu Haitong. Watts Energy, previously focused on repairs and marine energy equipment, enters shipbuilding with its first such contract.
Logistics Rhine crisis prompts HGK to call for €12.5bn European shallow-water fleet build
German inland shipping group HGK is calling for a government-backed €12.5bn programme to build 1,000 shallow-water-capable vessels across Europe by 2035, according to Splash247. The push comes as Rhine water levels at the Kaub gauge fall to 16 cm, limiting cargo capacity. HGK warns that about 80% of dry cargo tonnage was built in the last century, with only 13 new dry cargo ships and 38 tankers added in 2024.
Logistics Iranian Owner Kamal & Adel Enters Boxship Sector with Chinese Newbuild Order
Tehran-based Kamal & Adel has placed an order with China's Chizhou Tianyu Shipbuilding for a single 1,700 TEU containership, priced at around $31.5 million and scheduled for delivery in 2028. The order marks the low-profile operator's first move into the containership segment, having previously focused on tugs and harbour craft. Alphaliner suggests the vessel could potentially be deployed locally in the Persian Gulf.
Logistics Great Eastern Shipping lines up fourth kamsarmax as fleet renewal push continues
Great Eastern Shipping has agreed to acquire a fourth kamsarmax bulker in just over a year — an unnamed 2015-built 81,886 dwt vessel scheduled for delivery between October and December. The Mumbai-listed owner is funding the purchase entirely from internal cash and has been selling older panamax, VLGC and tanker tonnage. Great Eastern now controls 40 ships totalling 3.24m dwt, according to Splash247.
Business Hanwha lodges $1.2bn preliminary offer for Austal USA
Hanwha has lodged a preliminary offer worth up to $1.2bn for Austal USA, one of the most strategically important naval yards in America. The non-binding proposal through Hanwha Defense USA values the Mobile, Alabama-based business at between $1.05bn and $1.2bn, and now faces four weeks of due diligence and likely regulatory scrutiny.
Uni-Asia orders second Japanese handysize bulker from Imabari, doubling newbuild programme
Singapore-listed Uni-Asia Group has ordered a second 40,000 dwt handysize bulk carrier from Imabari Shipbuilding in Japan, doubling its handysize newbuild programme. The vessel, contracted through Nihon Shipyard and an affiliate, is scheduled for delivery between Q4 2029 and H1 2030, featuring a fuel-efficient dual-fuel-ready design.
Logistics China Merchants Energy Shipping exercises option for second DSIC shuttle tanker
China Merchants Energy Shipping has exercised an option for a second 154,000 dwt shuttle tanker at Dalian Shipbuilding Industry Co, confirming a two-ship debut in the specialised sector. The pair is valued at about RMB1.79bn with delivery in 2028. The order is part of a larger tanker newbuilding programme including ten VLCCs and five aframaxes.
Logistics Torm tied to up to eight MR newbuildings at China's Zhoushan Changhong International Shipyard
Shipbroking sources have linked Danish product tanker giant Torm to an order for up to eight 50,000 dwt MR newbuildings at Zhoushan Changhong International Shipyard, according to Splash247. Six firm vessels priced at about $46m each, plus two options, would be worth $276m firm and up to $368m if all options are exercised. The contract remains unconfirmed, with delivery pencilled in for 2029 and 2030.
Logistics Vafias-backed Stealth Maritime Orders Two More MR Tankers from HD Hyundai, Extending $1.3bn South Korea Newbuilding Drive
Harry Vafias-backed Stealth Maritime has ordered two additional 50,000 dwt MR product tankers at HD Hyundai Heavy Industries for $53m each, extending a South Korean newbuilding drive valued at around $1.3bn. The company now has at least 15 tankers under construction at South Korean yards across MR, LR2, suezmax and VLCC segments, with deliveries stretching through 2030.
Logistics Blystad's Songa Box Orders Up to Six Feeders at Chinese Newcomer Shipyard
Arne Blystad's Songa Box has ordered two 1,300 teu feeder vessels at Hubei Guangji Green Energy Shipbuilding in China, with options that could bring the series to six ships worth $180m. The order expands Songa Box's pipeline to eight firm newbuildings and up to 12 with options, amid a broader feeder fleet renewal.
Logistics W Marine broadens newbuild drive with ultramax order at Jiangsu Dajin
Greek shipowner W Marine has placed an order for three 64,500 dwt ultramax bulk carriers at China's Jiangsu Dajin Heavy Industry, with deliveries scheduled for May, August, and November 2028. The deal, the company's first ultramax newbuildings, expands its newbuilding pipeline to five vessels, including two 1,800 TEU feeder containerships booked at Huanghai Shipbuilding. W Marine recently took delivery of two kamsarmaxes from Chengxi Shipyard, marking its return to the newbuilding market after nearly 20 years.
Logistics Greek Owner JME Navigation Adds Another Ultramax to New Dayang Orderbook, Securing 2030 Delivery Slot
JME Navigation has ordered another 64,000 dwt ultramax from New Dayang Shipbuilding, scheduled for early 2030 delivery. The deal lifts JME's orderbook at the yard to three Crown 63 vessels, with the first due July 2027. No price has been disclosed, but a recent comparable order valued similar ships at about $38.5 million apiece.
Logistics Sallaum Lines Expands Car Carrier Orderbook with Fresh China Deal, Boosting Ro-Ro Capacity
Swiss car carrier operator Sallaum Lines has ordered a new 8,600-ceu LNG dual-fuel car carrier from China Merchants Shipyard, with an option for a second vessel. The order lifts its newbuilding program to nine vessels with a combined investment of more than $850 million. The latest vessel is scheduled for delivery in 2029, joining a series of ships already delivered or due in the near term.
Logistics Zhenghe Mainline Orders Six 4,600 TEU Boxships at Hengli Shipbuilding for Baltic Service
Chinese state-owned carrier Zhenghe Mainline has ordered six 4,600 TEU containerships from Hengli Shipbuilding in a deal worth over RMB3 billion ($443 million). The vessels will serve a new route linking Taicang with the Baltic, giving parent Jiangsu Port Group greater control over capacity for eastern China exporters. The order brings Zhenghe's confirmed orderbook at the yard to 11 ships with combined capacity of about 47,700 TEU.
Logistics Zodiac Maritime Orders Eight 6,400 TEU Boxships at Hengli Heavy Industry, Extending $1.6B Drive
Eyal Ofer's Zodiac Maritime has been linked to an order for eight 6,400 TEU containerships at China's Hengli Heavy Industry, worth about $640 million. The vessels are scheduled for delivery in 2028 and 2029. This order extends Zodiac's boxship newbuilding drive to 19 vessels since early 2025, with a combined capacity of around 135,200 TEU.
Logistics HD Hyundai Launches First Ship from Revived Subic Shipyard in the Philippines
HD Hyundai Heavy Industries Philippines has launched the Orion Jade, the first vessel built at its revived Subic shipyard, marking the start of full-scale operations. The 250-metre bulker is the first of a four-ship order. The project has created 4,000 jobs, expected to double, and reflects Korean shipbuilding expansion beyond South Korea.
Logistics Shandong Port's Sealand Equipment Group Breaks Into Chemical Tanker Construction with First Order
Sealand Equipment Group, the shipbuilding arm of Shandong Port, has entered the chemical tanker segment with its first order: a 10,000 dwt vessel capable of carrying IMO II and III cargoes. The contract with an unnamed European customer marks a strategic shift from multipurpose and heavylift tonnage. The newbuilding, built in partnership with Tongling Port and Shipping, features a shaft-generator DC bus with battery storage for flexible power management.
Logistics Pan Ocean Confirms Two VLCC Newbuildings at Qingdao Beihai Shipyard
South Korean shipowner Pan Ocean has confirmed a pair of VLCC newbuildings at CSSC-controlled Qingdao Beihai Shipbuilding. The 319,000 dwt ammonia-ready vessels are scheduled for delivery in September 2030, priced around $122m each, according to market sources. This follows a single same-design VLCC ordered in March, bringing Pan Ocean's VLCC orderbook at the yard to three ships.
Logistics DH Shipbuilding Sets Annual Order Record with Fresh Suezmax Pair – New Deliveries Through 2029
South Korea's DH Shipbuilding has secured a KRW271.3bn ($196m) contract for two 157,000 dwt suezmax crude carriers from an unnamed European owner, pushing its 2025 order intake to a record 17 ships. The yard's orderbook now stands at 36 vessels, filling its construction schedule through the end of 2029.
Logistics Sinotrans Doubles Qingshan Feeder Order with Second Quartet of 1,800 TEU Vessels
Sinotrans Container Lines is doubling its feeder vessel order at China Merchants' revived Qingshan Shipyard, issuing a procurement invitation for four additional 1,800 TEU ships. The move follows a May contract for an initial quartet and brings the total programme to eight vessels with an indicative investment of around RMB1.88 billion.
Logistics China Smashes Ship-Order Record in First Half, Tightening Grip on Global Market
Chinese shipyards booked 121.06 million deadweight tonnes (dwt) of new orders in the first half of 2026, surpassing any previous full-year total and representing 82.3% of global ordering. Shipbuilding output rose 51.2% to 36.5m dwt, and the orderbook reached 363.25m dwt, up 54.9% year-on-year. Chinese builders also secured over 80% of global orders for bulk carriers, containerships, and tankers, and maintained a >68% share of green vessel orders.
Logistics Korean Shipbuilders Unveil US Projects as Lutnick Demands Deliverable Ships, Not MOUs
South Korea's leading shipbuilders have unveiled a wave of US partnerships covering naval vessels, LNG bunkering ships, smart yards, and workforce training as the Korea-US Shipbuilding Partnership Center opens in Washington. US Commerce Secretary Howard Lutnick made clear that the Trump administration will judge the venture by physical output, not announcements.
Logistics Titan Wind Energy enters tanker building with order for two crude oil tankers
Titan Wind Energy, a Chinese renewable energy equipment manufacturer, has entered the tanker building sector with an order for two firm 113,800 dwt crude oil tankers, with options for two more. The deal is valued at CNY1.874 billion ($257.8 million) if all options are exercised, with deliveries scheduled for 2028-2029. The order marks the company's first move into mainstream tanker construction, adding to China's growing shipbuilding capacity.
Manufacturing Defense Bill Could Send $26 Billion to U.S. Shipyards for Naval Construction
The proposed FY 2027 National Defense Authorization Act includes $26 billion for shipbuilding, funding new submarines, destroyers, aircraft carriers, and auxiliary vessels. Major U.S. shipyards such as General Dynamics Bath Iron Works, HII Newport News, HII Ingalls, Fincantieri Marinette, and Hanwha Philly Shipyard are expected to benefit.
Logistics Evalend Shipping Places $310m Newcastlemax Order at Dajin Heavy Industry
Evalend Shipping has placed a $310m order for three-plus-one newcastlemax bulk carriers at China's Dajin Heavy Industry. The firm order covers three 211,000 dwt vessels with delivery across 2029 and 2030, marking Evalend's entry into the newcastlemax sector.
Logistics COSCO orders eight heavylift ships at Chengxi Shipyard to boost offshore wind capacity
COSCO Shipping Specialised Carriers has ordered eight 60,000 dwt multipurpose heavylift newbuildings at CSSC Chengxi Shipyard with an investment of up to RMB2.624bn ($387.8m). Deliveries are scheduled from April 2029 to June 2030 to meet growing demand from offshore wind and Chinese industrial equipment exports. This follows previous orders for four 40,000 dwt ships and a leasing deal for six similar vessels.
Logistics Bangladesh Advances $1 Billion Shipbuilding and Repair Hub at Matarbari Deepsea Port
Bangladesh has granted in-principle approval for a $1 billion privately financed shipbuilding and repair complex at the emerging Matarbari deepsea port. The project, backed by Australia-based AIS Marine Investments and China Harbour Engineering Company, aims to reduce the need for large vessels to dock in Singapore, UAE, or China. The facility will include a 600m by 95m drydock and is expected to create up to 3,900 jobs.
Logistics Essberger Exercises Options for Two More Chemical Tankers, Lifting Programme to Eight Ships
John T. Essberger has exercised options for two additional 7,900 dwt chemical tankers, increasing its newbuilding programme to eight vessels. The ice-class ships are designed for European coastal chemical trades, with deliveries from mid-2027 through September 2029. The fleet will be operated under the E&S Tankers joint venture with Stolt Tankers.
Manufacturing HD Hyundai and Kiewit Offshore Services Partner to Expand US Shipbuilding Capacity
HD Hyundai and Kiewit Offshore Services (KOS) have signed a strategic partnership agreement to expand US shipbuilding capacity and strengthen the American maritime industrial base. The collaboration will focus on fabricating ship blocks and modules, leveraging HD Hyundai's design and shipbuilding technology with KOS's large-scale fabrication expertise from Gulf Coast facilities.
Logistics China Merchants Energy Shipping Orders $728m VLOC Fleet, Its First in Over a Decade
China Merchants Energy Shipping has placed a $728m order for six 343,000 dwt very large ore carriers, its first VLOC newbuilding in over a decade. The vessels will be built by sister company China Merchants Shipbuilding Industry and are intended for long-term contracts with major commodity traders. Deliveries are scheduled across 2029 and 2030, subject to shareholder approval on July 28.
Saronic picks Texas port for $3B shipyard, betting on defense manufacturing boom
Autonomous maritime technology company Saronic announced the selection of the Port of Brownsville, Texas, for Port Alpha, a $3 billion-plus next-generation shipyard. The project aims to dramatically expand U.S. shipbuilding capacity, create up to 10,000 jobs, and generate over $264.5 billion in statewide economic impact. Construction is expected to begin later this year.
Logistics Erasmus Shipinvest Stacks Up Boxship Orders with Fresh Feeder Deal at Huangpu Wenchong
Athens-based Erasmus Shipinvest has signed a contract with CSSC Huangpu Wenchong Shipbuilding for two firm 1,900 teu feeder containerships, with options for two more. The order is the third newbuilding deal between Erasmus and the yard this year, adding to the 30 vessels already delivered and 44 on order from the Swan feeder design series. Financial terms and delivery dates have not been disclosed.
Logistics COSCO Shipping Bulk Orders Four Newcastlemaxes at Qingdao Beihai for 2029 Delivery
COSCO Shipping Bulk has ordered four newcastlemax bulk carriers from CSSC Qingdao Beihai Shipbuilding, with delivery expected in 2029. The 210,000 dwt vessels are designed for future alternative fuel conversion. This follows a three-ship order earlier this year, part of a wider dry bulk expansion by the COSCO group.
Logistics Zhejiang Shipping Orders Two Ultramax Bulk Carriers at New Dayang Shipbuilding for $77M
Zhejiang Shipping Group has ordered two ultramax bulk carriers from New Dayang Shipbuilding in a deal worth RMB519.6m ($77m). The 64,000 dwt conventionally fuelled vessels are slated for delivery by the end of March and June 2030, according to Splash247.
Logistics Tata Group Seeks Approval for $1 Billion Shipbuilding Investment in Kerala
Tata Group is seeking approval for a Rs100bn ($1bn) shipbuilding investment in Kerala, marking its entry into shipbuilding. Kerala chief minister V.D. Satheesan stated the state government is considering the proposal and could approve within a month. The move is part of India's broader push to expand shipbuilding capacity, supported by a $2.9bn maritime development fund.
Logistics KC Maritime Returns to China for Ultramax Pair at Jiangsu Soho Chuangke Shipbuilding
Hong Kong-based bulker owner KC Maritime has ordered two 63,500 dwt ultramax vessels from Jiangsu Soho Chuangke Shipbuilding, marking its return to the newbuilding market since 2022. No price or delivery dates have been disclosed. The company currently operates four kamsarmaxes and eight ultramax/supramax vessels.
Logistics Ciner Group's VLAC Investment Surpasses $1 Billion with Three New Orders at HD Hyundai
Turkish industrial conglomerate Ciner Group has ordered three additional very large ammonia carriers (VLACs) from HD Hyundai, bringing its total investment in the segment past $1 billion. The $363 million contract for 90,000 cbm LPG dual-fuel ships follows a $717 million order for six VLACs in May 2026. Ciner now has nine ammonia carriers on order at HD Hyundai Samho, with deliveries extending into 2030, amid a sharp rebound in large gas carrier contracting.
Logistics CYH Shipping linked to up to six very large gas carriers at Jiangnan Shipyard
CYH Shipping has been linked to an order for up to six very large gas carriers (VLGCs) at Jiangnan Shipyard. The Hong Kong-based owner signed for four firm 90,000 cu m units with options for two more, scheduled for delivery in 2030. If confirmed, the order marks CYH's first major newbuilding move in the large gas carrier sector, following recent secondhand acquisitions.
Logistics Asyad places $308m order for six MR tankers at HD Hyundai Heavy Industries
Omani owner Asyad Shipping has ordered six MR product tankers at HD Hyundai Heavy Industries for $308m, with deliveries from 2029, and has secured five-year time charter contracts for all vessels with a leading global energy company. The deal continues Asyad's fleet expansion following its Muscat Stock Exchange listing, and follows recent dry bulk acquisitions including two kamsarmaxes and two baby capes.
Logistics Crude tanker orders hit record high as owners rush to secure VLCC and suezmax capacity
Crude tanker newbuilding orders have hit an all-time high in 2026, with 60m deadweight tonnes contracted across 234 vessels, led by a surge in VLCC orders. The orderbook stands at a record 130m dwt, equivalent to 27% of the existing fleet. High freight rates and fleet ageing are driving the ordering wave, with China dominating shipbuilding and Greece the top ordering nation.
Business Fincantieri Acquires Four Firms to Build Global Underwater Technology Champion
Italian shipbuilder Fincantieri has acquired four companies—Next Geosolutions, WSense, Graal Tech, and Defcomm—to create a vertically integrated underwater technology hub. The deals accelerate the group's underwater revenue target to over €1.1bn by 2026, four years ahead of schedule, with pro forma EBITDA of about €220m.
Technology HD Hyundai and Schneider Electric Partner to Develop Floating Data Centre Infrastructure
HD Hyundai, through its shipbuilding unit HD Korea Shipbuilding & Offshore Engineering, has signed an MoU with Schneider Electric to jointly develop floating data centre infrastructure. The partnership aims to combine Schneider's power and cooling expertise with HD Hyundai's offshore engineering to address land scarcity and high cooling costs for data centres.
Logistics Bahri Logistics Orders Two Advanced Offshore Support Vessels from Grandweld Shipyard for Ras Tanura Operations
Bahri Logistics, a unit of Saudi shipowner Bahri, has signed a newbuild agreement with Grandweld Shipyard to construct two advanced offshore service vessels. The custom-built vessels will support operations at Ras Tanura Port and align with Bahri's fleet modernization strategy.
Logistics Workforce Gap Threatens Greece's EUR1.35bn Shipbuilding Revival Ambitions
Greece's ambitious shipbuilding revival, backed by major South Korean partners and billions in investment, is at risk due to a severe shortage of skilled maritime labor. The country needs thousands of welders, inspectors, and engineers but faces global competition for talent. Without immediate investment in training, the 70% domestic value-added target may slip away.
Logistics EGPN enters containership market with feeder order at Huangpu Wenchong for two 1,900 TEU vessels
Hong Kong-based owner EGPN has entered the container shipping newbuilding market with an order for two 1,900 TEU feeder vessels at CSSC Huangpu Wenchong Shipbuilding, scheduled for delivery in 2029. The move adds another segment to EGPN's fleet expansion, which has already covered bulkers, product tankers, and chemical tankers. The yard's Swan design continues to attract newcomers and established operators alike.
Logistics Advantage Tankers Orders Two Suezmax Newbuildings at Samsung Heavy Industries
Geneva-based Advantage Tankers has confirmed orders for two dual-fuel-ready suezmax crude tankers at Samsung Heavy Industries, costing $88.25 million each, for delivery in the first and second quarters of 2029. The vessels, Advantage Spirit and Advantage Synergy, are part of a growing orderbook that now totals 13 ships across VLCC and suezmax tonnage.
Logistics Bangladesh's Akij Resource Orders Four Ultramax Bulk Carriers at Chinese Yard Nantong Xiangyu
Bangladesh's Akij Resource has ordered four 63,800 dwt bulk carriers at Nantong Xiangyu Shipbuilding in China. The newbuilds will join its existing fleet of 10 ocean-going bulkers and 50 lighter vessels, potentially increasing capacity on dry bulk routes to Bangladesh. No price or delivery dates have been disclosed.
Logistics Tsakos Energy Navigation Orders Second LNG Carrier from HD Hyundai, Expanding Newbuilding Program to 20 Vessels
Tsakos Energy Navigation (TEN) has ordered a second LNG carrier from HD Hyundai Heavy Industries, scheduled for delivery in the first quarter of 2029. The order expands TEN's newbuilding program to 20 vessels, including LNG carriers, tankers, and shuttle tankers. The company's pro forma fleet now stands at 83 vessels with over 11 million dwt capacity.
Logistics COSCO Shipping Development Orders 24 Dry Bulk Carriers Valued at $1.27 Billion in Leasing Play
COSCO Shipping Development has ordered 24 dry bulk carriers worth RMB8.66bn ($1.27bn), including 20 grain carriers and four newcastlemaxes, with deliveries scheduled from mid-2029 through end of 2030. All vessels will be leased on 240-month charters to Huifeng, a COSCO Shipping Bulk subsidiary, under a structure supporting the Hainan Free Trade Port's renminbi strategy.
Manufacturing SBM Offshore Orders Seventh Fast4Ward FPSO Hull from Chinese Shipyard SWS
SBM Offshore has signed a contract with Shanghai Waigaoqiao Shipbuilding (SWS) and China Shipbuilding Trading for the construction of its seventh Fast4Ward hull, designated MPF7. The multi-purpose floater will have a storage capacity of up to 2.3 million barrels of crude oil and accommodate up to 240 personnel.
Logistics U-Ming signs for up to four newcastlemax bulk carriers in China at $77-80 million each
U-Ming Marine Transport has signed a contract with Jiangsu Hantong Ship Heavy Industry for two firm 211,000 dwt newcastlemax bulk carriers, with options for two more, at a cost of $77-80 million per vessel. The order is part of a wider dry bulk expansion plan approved earlier this year, targeting a fleet of over 100 vessels and more than 10 million dwt. Deliveries are scheduled for 2029 and 2030.
Logistics MSC Returns to Megaship Ordering with Up to 20 LNG Dual-Fuel Giants at Hengli
Mediterranean Shipping Co (MSC) has placed an order for up to 20 ultra-large 20,000 TEU LNG dual-fuel containerships at China's Hengli Heavy Industry, according to MB Shipbrokers. The deal, which includes firm orders and options, is one of the largest containership contracts in 2026, with deliveries starting in the first half of 2029.
Manufacturing Korean Shipyard Gunsan Moves Closer to Revival After Nine-Year Hiatus with First Newbuilding Order
The Gunsan Shipyard, dormant since 2017, has signed a letter of intent for four aframaxes, marking its first newbuilding commitment. J Ocean Heavy Industries, backed by Eco Prime Marine Pacific, plans to acquire the yard from HD Hyundai Heavy Industries by year-end, potentially easing capacity constraints in Korean shipbuilding.