Kawasaki Heavy Industries will transfer more shipbuilding business to China, while Japanese shipyards will focus more on new business directions. The company is preparing to transfer most of its LPG carrier construction business to a joint

Samuel W. Croll, CEO of CR Ocean Engineering LLC (CROE), has announced two changes to his senior management team effective July 1, 2021. Dominique Philibert has become President and COO, and Nick Confuorto, CROEs former President and COO, h

The International Chamber of Shipping (ICS) has welcomed the settlement reached between the Suez Canal Authority (SCA) and Shoei Kisen Kaisha Ltd., owner of the Ever Given the ship which became stranded in the Suez Canal in March 2021 which

On July 1, Guangzhou Shipyard International PANGAEA 95,000DWT ice-enhanced bulk carrier No. 2 departed from the factory for its maiden voyage. The project was delivered on June 29. The ship is the second ship of the 2+2 Ice-1A-class 95,000D

On July 6, China Shipbuilding Trading and Waigaoqiao Shipbuilding signed a contract for the construction of 4 7000TEU container ships with Taiwan T.S. Lines. The contract value is more than 300 million US dollars. This is also the largest c

All the experts said spot ocean rates would pull back in the second half. The second half has now begun. Not only are spot rates not falling, theyre still rising. Much higher H2 spot rates than expected , combined with double-digit gains fo

ENN LNG (Singapore) Pte Ltd, a unit of private Chinese gas distributor ENN Group, has agreed via a tender to buy about 26 cargoes of liquefied natural gas (LNG) for 2022 and 2023 to replenish stocks as new storage becomes operational, two t

The coal market has swung from a heavy surplus in 2020 into a tight deficit in 2021 as demand has bounced back more aggressively than anticipated. This has caused inter-basin arbitrages to open up, which is consequently driving Atlantic coa

Long-term contracted ocean freight rates continued their ascent through June, although not with the dizzying trajectory witnessed in recent months. Mays 9% surge in prices eased back to a 2.3% gain in June. However, the latest figures, deta

China State Shipbuilding Corporation issued an announcement that from June 1 to June 30, 2021, CSSCs subsidiaries received 42.717 million yuan in government subsidies related to income. Among them, the deep-water general-purpose FPSO projec

Shipowners that are dragging their heels in installing ballast water treatment (BWT) systems in an effort to save money could end up paying a much higher price in the long run, according to Newport Shippings managing director Lianghui Xia.

CSSC has completed and delivered 102 ships with 9.172 million dwt, which are 52.8% and 57.3% of the annual plan, respectively. The number of completed ships and deadweight tonnage increased by 18.6% and 19.3% year-on-year respectively. This

Strategic Marine (S) Pte Ltd has successfully completed construction and hasdelivered the first of a pairof 42m Fast Crew Boat (FCB) for repeat customer,Centus Marine Sdn Bhd. The handover ceremony took place on 24 June 2021 at Strategic Ma

Castor Marine, a growin g global coastal and offshore connectivity provider has signed areseller agreement with Tampnet, the largest offshore 4G LTE network operator in the NorthSea. After signing, Castor Marine immediately went to work for

On July 2, the first ship ROSTRUM EUROPE in the 40,000DWT bulk carrier series built by Yangzijiang Shipbuilding for the German shipowner Vogemann was christened. Mr. Mitev, the captain of the first 40,000DWT bulk carrier, delivered a speech