Geneva-based Advantage Tankers has reinforced its commitment to the very large crude carrier (VLCC) sector by placing an additional newbuilding order at South Korea's Hanwha Ocean shipyard. The company, led by Tugrul Tok…
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Image credit:mdilbo.com On the night of July 28, a fire broke out at approximately 11:22 p.m. in the underground utility tunnel of Substation No. 1 at HD Hyundai Samho , located in the Daebul National Industrial Complex,…
Great Lakes Dredge & Dock has launched a new subsea rock installation vessel, named Acadia, at the Hanwha Philly Shipyard . Acadia is a U.S.-flagged vessel compliant with the Jones Act, meaning it is built and registered…
Orșova Shipyard in Romania has secured five contracts to construct river vessels, marking a notable development in its maritime activities. The total value of these contracts reaches EUR 22.2 million, as per the company’…
The construction of India’s first indigenous Air Cushion Vehicle (ACV) for the Indian Coast Guard has commenced at the Goa Shipyard. This development marks a significant milestone in India's defense manufacturing capabil…
On July 29, COSCO SHIPPING Development (CSD) announced a landmark investment exceeding RMB 6 billion (approx. $830 million) in its new '10+4+1' green fleet expansion program. The initiative includes the construction of t…
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The LNG carrier demolition market has reached unprecedented levels in 2025, with a record number of vessels sold for recycling as owners move away from ageing steam turbine ships during a period of depressed spot rates. …
Incat Tasmania has announced a significant contract win to design and construct two advanced battery-electric ferries for Danish ferry operator Molslinjen. The vessels, each measuring 129 metres and equipped with approxi…