Chinese shipyards could save USD725.6 million per year on the cost of raw materials if they build lighter vessels by optimising newbuilding design, says the Economic and Shipbuilding Centre of CSSC.

chief executive officer Niels Hartmann

Leer-based shipowner and manager Hartmann eyeing array of new projects again after major vessel sales and divestments over the last years.

Anchor Chang, Evergreen Marine chairman

Taiwanese liner operator Evergreen Marine Corporation has agreed to fix 38 newbuilding feeder vessels on long-term charter.

Samsung Heavy Industries shipyard

Danish owner books LNG carrier pair at Samsung HI.

Sinokor containers

South Korea’s Sinokor-Heung-A merged entity will issue bonds that will go towards raising working capital for the integrated set-up.

Viking Grace

While the region’s ferry operators struggle against rising fuel prices and falling passenger numbers, the freight sector is making gains.

DFDS vessel

Danish company’s fleet renewal programme also includes two combined freight and passenger ferries to be delivered in 2021 for deployment in the Baltic route network.

Kim Ullman, CEO of Concordia Maritime

DS Norden has called this one of the market’s “most challenging” periods in a decade.

Boskalis chief executive Peter Berdowski

Dutch dredging company says retiring the closed-stern ships will result in a structural improvement in operating results.

Trump and Kim in June 2018

About 50 shipping companies and more than 70 ships linked to North Korea are now subject to US sanctions, which have been introduced since 2014.

VLCC Desh Vaibhav

Desh Shakti, an oil tanker owned by the Shipping Corporation of India, has been implicated in a hit-and-run accident following an explosion on board Desh Vaibhav.

Bunkering in Singapore

The increase in fuel costs will revive plans for a public listing of SK Shipping’s bunkering subsidiary, SK B&T, possibly by 2020.

A ship hull getting wet damage

Crew and shipowners are failing to take basic precautions to prevent hatch cover leaks, according to the Swedish Club.