Over 15,000 ships could be recycled by 2023, up more than 100% on the last 10 years
COPENHAGEN : “Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount
Construction starts on COSCO’s 2nd 700 TEU electric containership
SHANGHAI : Chinese shipbuilder COSCO Shipping Heavy Industry (Yangzhou) has started the construction of the second 700 TEU electric containership for COSCO Shipping. As informed, the construction ceremony took place on 8 May in
Govt’s expanded specialised vessels list a plus for Cochin Shipyard
KOCHI : Cochin Shipyard Ltd will gain from the government’s decision to expand the list of ‘specialised vessels’ that are eligible for a state-aid introduced in April 2016 for a ten-year period. In April,
Rs 4,000 cr state-aid for shipbuilding go abegging as yards collapse
MUMBAI : A Rs 4,000 crore state aid budgeted by the government for local shipbuilders for a ten-year period starting April 2016, is going abegging after a spate of yard collapses resulted in just Rs 241
Centre pushes for maritime innovation with Sagarmala start-up policy
NEW DELHI : A draft under the ‘Sagarmala innovation and start-up policy’ was recently put up for discussion and stakeholder comments. According to a Ministry official, most of the maritime innovations involve complex hardware
World’s largest VLGC named ‘Harzand’ and delivered
BEIJING : Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has delivered the world’s largest Very Large Liquefied Gas Carrier (VLGC) to Singapore-based shipping and trading company Petredec. This marks a significant milestone
Wan Hai to deploy two newbuildings on Far East to US rotation
TAIPEI : Wan Hai Lines held a ship naming ceremony for Wan Hai A02 and Wan Hai A03 at HD Hyundai Industries Ulsan Shipyard, accompanied by a charity donation. These two vessels are the
Global Orderbook on the rise after first quarter
NEW YORK : The global orderbook rose by about 160 vessels after the end of the first quarter of 2023, despite lower annual activity. In its latest weekly report, shipbroker XClusiv said that “as