Chinese yards newbuilding orders up 183% in first five months
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 order volume was 32.74m dwt for
NYK orders 12 LNG-fuelled Car carriers
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 yards – is the largest Japanese
Hyundai Heavy pursues green hydrogen project in Sea of Japan
SOUTH KOREA : South Korean shipbuilder Hyundai Heavy Industries (HHI) has partnered with nine companies, including state-run Korea National Oil Corporation (KNOC), on a green hydrogen factory project in the Sea of Japan. The
South Korean Shipbuilders Leading Global LPG Carrier Market
KOREA : Clarkson Research Services reported on May 2 that a total of 50 LPG carrier orders were placed worldwide in the first four months of this year and 37 out of the 50
Buoyant liners add record numbers of newbuilds
COPENHAGEN : March saw a stunning 866,060 teu of new tonnage ordered, almost the same as was contracted throughout the whole of 2020, as the cash-rich sector starts spending some of its recent gains.