South Korean shipbuilding conglomerate Hyundai Heavy Industries (HHI) Group has officially started the process to earn approval from anti-trust regulators for its proposed takeover of Daewoo Shipbuilding and Marine Engineering Co. (DSME).HHI has submitted a request for the formal approval from the South Korea’s Fair Trade Commission (FTC), as well as from antitrust authorities in Japan, China
China's two largest shipbuilders are planning to merge, their listed arms said in separate exchange filings on Monday, the latest to join a wave of mergers among state-owned enterprises as the government overhauls the sector.The move by China Shipbuilding Industry Corp (CSIC) and China State Shipbuilding Corp Ltd (CSSC)
The U.S. military said one of its warships sailed near the disputed Scarborough Shoal claimed by China in the South China Sea on Sunday, angering Beijing at a time of tense ties between the world's two biggest economies.The busy waterway is one of a growing number of flashpoints in the U.S.-China relationship, which include a trade war, U.S. sanctions and Taiwan.
Wight Shipyard Co. (WSC) debuts a hybrid patrol vessel designed to reduce both fuel costs and engine maintenance.“This ground-breaking project aims to set new standards in high speed, fuel economy and light weight vessels in the sector. Building greener vessels has been an integral focus for some time now so moving into hybrid options is the obvious next step forward,” said Peter Morton, CEO
U.S. ship owner The Interlake Steamship Company said it has ordered a new U.S.-flagged Great Lakes bulk carrier, the first to be built in more than 35 years. Measuring 639 feet in length (78 feet W, 45 feet H, 28,000 DWT), the vessel will be constructed by Fincantieri Bay Shipbuilding, in Sturgeon Bay, Wis., for scheduled completion in mid-2022.
Mitsubishi Shipbuilding held a christening ceremony on February 21 for the next-generation LNG (liquefied natural gas) carrier currently under construction for Mitsui & Co., Ltd.The new ship, named Marvel Crane, is a design that significantly improves both LNG carrying capacity and fuel performance due to the adoption of efficient hull structure and hybrid propulsion system.
Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) has signed contracts for 36 newbuildngs worth a total contracts value of over RMB10bn (USD1.48bln).According to the state media Xinhua, the vessels will be built at a number of different yards under the CSSC umbrella and CSSC (Hong Kong) Shipping Company, will provide financing service to all 36 newbuildings.
Beluga Ace: New Design Car Carrier with Six Liftable DecksBeluga Ace, the first vessel of next-generation FLEXIE series car carrier built by the Minaminippon Shipbuilding Co., Ltd., was delivered to Japanese shipowner Mitsui O.S.K. Lines, Ltd. (MOL) in March 2018. The space onboard was rearchitected using the design concept.
French Frigate Shoals are located in the northwestern Hawaiian Islands, between Kauai and Midway. The atoll consists of a twenty-mile long crescent-shaped reef, with 13 coral and sand islands and the 120-foot high volcanic rock Perouse Pinnacle, named for French explorer Jean-Francois de la Perouse, who charted the atoll in 1786 and nearly grounded his two frigates.
A ferry collided with at least two yachts and then ran aground in heavy fog off the Isle of Wight in southern England on Sunday, the Maritime and Coastguard Agency said.The Coastguard said a member of the public had called emergency services after hearing cries of help from Cowes Harbour, but after an extensive search by rescue teams it said no one was in the water or missing.
Flex LNG, the shipping company controlled by billionaire John Fredriksen, is entering into a transaction for the acquisition of five 5th generation LNG newbuildings comprising three MEGI LNG carriers and two X-DF LNG carriers.According to a release from the shipping company, that owns and operates LNG carriers, and floating storage and regasification units
The world's largest offshore wind farm will open on Thursday off the northwest coast of England when Danish energy group Orsted unveils the Walney Extension project.The wind farm has a capacity of 659 megawatts (MW), enough to power almost 600,000 homes, and overtakes the London Array off England's east coast which has a capacity of 630 MW.