PaxOcean Group, a leading shipbuilding company under Kuok Maritime Group (KMG), has officially inaugurated its new shipyard, 5 Jalan Samulun (5JS), in Singapore’s Jurong Industrial Estate. The facility, built with an inv…
Almi Marine Management has announced the signing of a shipbuilding contract with Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS) for the construction of two 64,000 DWT new-generation Ultramax bulk carriers. The vess…
Dynacom Tankers Management, led by George Procopiou, has made a significant move in the tanker market by ordering nine suezmax newbuildings at China's Hengli Shipbuilding. This order forms part of a batch of ten 158,000 …
The shipping industry is witnessing a significant realignment in alternative marine fuel preferences. After a period of hype around green methanol and ammonia, 2024 and 2025 have seen major carriers gravitate toward LNG …
Dalian Shipbuilding Offshore Co., Ltd. (DSOC) has officially signed a shipbuilding contract with Biglift, a subsidiary of the Dutch shipping company Spliethoff, for the construction of 1+1 18,000 DWT multi-purpose heavy-…
South Korean shipbuilding giant HD Hyundai has entered a comprehensive partnership with the Tamil Nadu state government to build a new shipyard in India. This move aligns with India's 'Maritime Amrit Kaal Vision 2047,' w…
Hengli Heavy Industry (Hengli Shipbuilding, Dalian), operating through its listed platform ST Songfa, has announced a surge of newbuild contracts in the days leading up to the Lunar New Year. In the latest development, H…
PaxOcean has officially opened a new, state-of-the-art shipyard in Singapore's Jurong Industrial Estate. The new facility, which replaces the older yard launched in 2007 at 33 Tuas Crescent, spans 17.26 hectares and feat…
Indian shipbuilder Swan Defence and Heavy Industries Limited has secured its largest-ever newbuilding contract, valued at $227 million, from Norway’s Rederiet Stenersen AS. The deal covers the construction of six IMO Typ…
Russian authorities have unveiled ambitious new plans to accelerate the development of the Northern Sea Route (NSR), aiming to establish a major trans-Arctic transport corridor by 2035. Deputy Prime Minister Yuri Trutnev…
Wuhu Shipyard has announced a fresh contract with India’s JSW Group for the construction of four 8,000 dwt general cargo ships. This marks the fourth collaboration between the two companies, following the successful deli…
Singapore-based tanker operator AET has announced the order of a 154,000 DWT hybrid-electric shuttle tanker from Dalian Shipbuilding Heavy Industry Co., Ltd. The vessel, designed with dual-fuel and ethanol-ready systems,…