The new joint-venture company is said to have secured its first order of two Kamsarmax bulkers at Yangzijiang Shipbuilding, with options for another two vessels.
Zodiac Maritime has been linked with purchases of six tanker newbuildings in Greek owner Toisa’s fleet.
Wind power is increasingly being seen as a possible part-solution to meeting the International Maritime Organisation’s greenhouse gas targets to decrease in emissions by 50% by 2050. Maersk Tankers’ testing of Norsepower's Flettner Rotors will focus industry minds as the technology is already proving itself on a number of vessels.
STX Offshore & Shipbuilding has sold its R&D building to raise working capital as it strives to secure new orders.
Recovery seen in the dry bulk sector has prompted shipowners to invest in secondhand vessels.
MSC goes to Chinese yards to install South Korean-made scrubbers on its ships.
The number of dry bulk carriers ordered up to the end of August has risen by 81% against the same period last year, with contracts for 132 vessels of 14 million deadweight tonnes (dwt) placed at shipyards.
Marikanis-led Capital Group has placed an order for two Aframax tanker newbuilding with South Korean yard Daehan Shipbuilding.
Chinese shipbuilder Yangzijiang is establishing a joint venture with Japanese trader Mitsui & Co.
Japan’s Mitsui & Co has booked a bulker duo from Imabari Shipbuilding.