Baltic index falls for seventh straight week
LONDON : The Baltic Exchange’s main sea freight index edged higher on Friday but declined for the seventh straight week on lower demand for larger vessels, while the capesize segment marked its worst weekly
Yang Ming Marine Transport may choose Hyundai Heavy Industries for newbuildings
SEOUL : Hyundai Heavy Industries (HHI) is tipped to be chosen to build the five 15,000 TEU LNG-powered container ships being planned by Taiwan’s Yang Ming Marine Transport. Alphaliner, in its report released, said
Gujarat shipbuilding industry facing challenges
AHMEDABAD : The shipbuilding industry in Gujarat, which witnessed high profits about a decade ago, is in troubled waters these days. Of the seven shipbuilding yards in the state, three major ones — ABG
Chery in shipyard venture to build its own car carriers
WEIHAI: Chinese automotive manufacturer Chery is going to develop car carrier construction base in Weihai, Shandong province, to meet its growing automobile transportation demands. Chery will partner with Wuhu Shipyard to develop a car
Chinese Clean Energy Giant Unveils World’s Largest Wind Turbine
BEIJING : Ming Yang Smart Energy Group Ltd. unveiled the world’s largest wind turbine, an offshore behemoth whose more than 140-meter-long blades will sweep across an area larger than nine soccer pitches. The turbine
South Korean shipbuilders grabbed lion’s share of eco-friendly orders in 2022
SEOUL : South Korean shipbuilders secured the largest market share for high-value-added, eco-friendly vessel orders in 2022, bagging 58 percent of the total ordering tally for the year. This equals 149 vessels or 12.0
Bankrupt Tianjin Xingang Heavy Industry reborn as CSSC (Tianjin) Shipbuilding
Debt-laden Tianjin Xingang Heavy Industry has been restructured as CSSC (Tianjin) Shipbuilding following a takeover by Dalian Shipbuilding Industry Co (DSIC). Restructured DSIC, CSSC (Tianjin) Shipbuilding has been inaugurated at Tianjin Lingang economy zone. Tianjin Xingang shut down in
ABS, Hudong–Zhonghua Shipbuilding and Wärtsilä Launch Joint Development Project for IMO 2050 CII-Rea…
SINGAPORE : ABS, Hudong–Zhonghua Shipbuilding (HZS) and Wärtsilä are to develop a flexible, future ready and modular concept for a future multi-fuel electric Liquefied Natural Gas Carrier (LNGC) vessel. Using advanced multi-physics modeling and