Topic
shipbuilding
Logistics Tsakos Joins Greek Capesize Ordering Wave at Hengli Heavy Industries
Tsakos Group has contracted two 180,000 dwt capesize bulk carriers at China's Hengli Heavy Industries for about $78m each, with delivery in 2028. The order joins a wave of Greek dry bulk ordering at the yard, including Cape Shipping's separate deal for up to three similar vessels. The moves signal renewed Greek interest in capesize tonnage.
Business Historic Cammell Laird Name Set to Disappear After Balaena Takeover of APCL Group
Balaena's acquisition of APCL Group will see the historic Cammell Laird shipyard renamed Balaena Birkenhead, ending a nearly 200-year-old brand. The deal merges five shipyards and 12 dry docks across the UK and Gibraltar.
Logistics Iolcos Returns to Newbuilding Market with Kamsarmax Pair in China, Adding Dry Bulk Capacity
Greek dry bulk owner Iolcos Hellenic Maritime Enterprises has placed an order for two 82,000 dwt kamsarmax bulk carriers at New Dayang Shipbuilding in China, with delivery scheduled for 2029. The order marks Iolcos' first newbuilding move since 2021 and adds to a wave of Greek newbuilding activity in the kamsarmax segment. The vessels will expand the company's current fleet of about 18 dry bulk vessels and provide additional capacity on major dry bulk trade lanes.
Manufacturing Hengli on Track to Deliver 160 Ships in 2028, Becoming One of Shipping's Biggest Builders in Four Years
Chinese shipbuilder Hengli, which acquired the former STX Dalian yard in 2022, is projected to deliver at least 160 ships in 2028, according to SSY analysis. With a 395-firm order backlog of 12.2m cgt and a $1.9bn expansion, it has become one of the world's largest privately owned shipbuilders. The yard's rapid ascent reflects the scarcity of prompt newbuilding slots and strong local government support.
Logistics Pan Ocean linked to four-VLCC order at Hanwha Ocean in $524m deal
Pan Ocean has been identified as the buyer behind a four-vessel VLCC order at Hanwha Ocean, valued at KRW800.1bn ($524m). The order follows a $700m VLCC acquisition from SK Shipping and highlights Pan Ocean's continued expansion into crude tanker shipping, complementing its core dry bulk operations.
Logistics Capital Tankers Expands VLCC Fleet with Three Newbuilds from Marinakis Affiliate
Capital Tankers, backed by Evangelos Marinakis, is acquiring three VLCC newbuilding contracts from parent company Capital Maritime & Trading Corp. The vessels are under construction at China's Hengli Shipbuilding for delivery in late 2027. The transaction involves an upfront payment of $111.8 million by end of June, with remaining balances due upon delivery, and is expected to strengthen the company's orderbook.
Logistics Fredriksen Doubles Down on Newcastlemaxes with Four More Chinese Newbuilds at Dajin Heavy Industry
John Fredriksen-backed Seatankers Management has exercised options for four additional newcastlemax bulk carriers at emerging Chinese shipbuilder Dajin Heavy Industry, bringing its orderbook to eight 210,000 dwt vessels. Brokers estimate the total programme value at nearly $600 million, with deliveries scheduled between 2028 and 2029. The move is part of a broader surge in newcastlemax contracting linked to expectations surrounding Guinea's Simandou iron ore project.
Logistics Zhejiang Yonghang orders up to six ultramax bulkers at Yangfan Group
Chinese owner Zhejiang Yonghang Shipping has contracted with Yangfan Group for up to six ultramax bulk carriers, with four firm and two optional vessels. The 64,500 dwt ships, designed by SDARI, will be Chinese-flagged and meet latest environmental rules. Estimated newbuild cost is around $34m per vessel. This follows Yangfan Group's recent containership order from Baozhou Shipping.
Business Balaena Expands UK Shipbuilding with APCL Acquisition
Balaena has acquired APCL Group, enhancing its shipbuilding and repair capabilities in the UK. This strategic move consolidates key shipyards and supports future maritime investments.
Trade Democrats Push for Reinstatement of China Port Tax
Democrats in Congress are advocating for the reinstatement of a port tax on Chinese ships, which was suspended in May. The tax, amounting to $3.2 billion annually, aims to protect the U.S. shipbuilding industry.
Logistics Purus Expands LNG Fleet with New Samsung Order
Purus Marine is linked to a new LNG carrier order at Samsung Heavy Industries, expanding its fleet. The $252m contract for a 174,000 cu m vessel is set for delivery in January 2029.
Logistics International Seaways Orders LNG-Ready Tankers in South Korea
International Seaways has contracted two LNG-ready LR1 product tankers at K Shipbuilding in South Korea, with options for two more. This move aligns with their fleet optimization strategy, following recent vessel sales and platform expansions.
Logistics CMA CGM Expands Fleet with New Hengli Boxship Order
CMA CGM has placed an order for eight 6,000 TEU containerships at Hengli Heavy Industries, enhancing its fleet expansion. This move strengthens CMA CGM's position with the largest orderbook among global liners.
Logistics Global Ship Lease Orders 10 New Boxships for $917 Million
Global Ship Lease has ordered 10 new containerships worth $917 million, marking a strategic shift towards newbuilds. The vessels, set for delivery between 2028 and 2030, will enhance the company's fleet with ultra-high-reefer capabilities.
Logistics Venergy Expands Fleet with New Suezmax Orders from China
Venergy Maritime, a Greek fleet builder, has placed orders for up to four suezmax tankers at China's Hengli Shipbuilding. This move is part of their aggressive expansion strategy in the tanker market.
Logistics Jinhui's Strategic Fleet Renewal with Newbuild Orders
Jinhui Shipping and Transportation has ordered two new dry bulk vessels from Jiangmen Nanyang Ship Engineering in China, valued at $68.3 million. This move aligns with Jinhui's strategy to modernize its fleet by replacing older vessels.