NEW DELHI : A day after Finance Minister Smt. Nirmala Sitharaman, in her budget speech, announced the Centre’s push for indigenous shipbuilding, Union Minister for Ports, Shipping and
LONDON : “Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020
FRANCE : Here it comes. An unprecedented flood of new container ships is about to enter service. The pace of deliveries will pick up in earnest next month,
TAIWAN : Yang Ming will add one new 11,000TEU container vessel, named YM Trust, chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. The
KOLKATA : State-owned warship builder Garden Reach Shipbuilders and Engineers Ltd (GRSE), signed a Memorandum of Understanding (MoU) with French defence firm Naval Group on Thursday to collaborate
The agreement was signed at POSCO Centre in Seoul by Hyundai Mipo Dockyard, Lloyd Register, Korean Shipbuilding & Offshore Engineeing, the Liberian Registry and POSCO. Through this MoU, POSCO
COCHIN : The sea trials of India’s First Indigenous Aircraft Carrier (IAC) Vikrant, the largest and most complex warship built in the country, began its sea trials on
Seaspan Corporation could take its haul of 7,000TEU dual-fuelled container ships at Yangzijiang Shipbuilding to 15 vessels. The shipbuilder disclosed in a Singapore Exchange filing on 30 July
A near doubling of newbuilding orders for Chinese shipbuilders in the first five months underscores the sharp upturn in fortunes seen for the sector this year China’s newbuilding
TOKYO : Nippon Yusen Kaisha (NYK) is set to spend Y100bn ($912m) on 12 LNG-fuelled Car carriers, according to Japanese newswire Nikkei. The order – split between two Japanese