Lightweight building materials for ships offer obvious benefits. The maritime sector is always on the lookout for technological developments that will make shipping more fuel-efficient and cleaner.
Aurora LPG, the Oslo-based VLGC owner, said it has arranged financing for its final newbuiding and reported strong Q1 earnings in line with those in the same period last year.
NACKS is likely to be developed into the first intelligent shipyard in China, industry insiders have told IHS Fairplay.
Shipbuilder STX France has taken its prospective cruise ship order tally since the start of the year to nine after signing a letter of intent with Royal Caribbean Cruises for three more vessels.
Malaysian Bulk Carriers (Maybulk), part of the Kuok Group, said it would sell some of its ships to boost liquidity and delay the delivery of newbuildings after this year’s first-quarter losses widened to MYR24.08 million (USD6 million) from last year’s MYR22.75 million.
State-owned China Shipbuilding Industry Corporation (CSIC) has announced a plan to consolidate some of its shipbuilding activities in a bid to boost efficiencies.
South Korean shipbuilder STX Offshore & Shipbuilding (STX O&S) may soon enter receivership, after three years in which its equity levels have failed to improve, despite massive capital injections and the company's restructuring efforts.
Singapore rig builders Keppel Corporation and Sembcorp Marine have been named as defendants, along with Brazilian construction group Odebrecht, in relation to the Petrobras corruption scandal.
The South Korean city of Busan plans to work with the country's shipping community to order USD5 billion of newbuilding orders, as part of a strategy to overcome the gloom that has descended on South Korea's shipbuilders.
Chinese coastal carrier Zhonggu Shipping has ordered four 2,500 teu container ships with an option for two more from Shan