Shipowners in all sectors face the same decision: build new or refurbish older tonnage. In the booming cruise sector the decision is more pressing, particularly as new construction ships can take two to three years to build, perhaps longer today with global shipyard orderbooks packed full.
A fire broke out on board a Madeira-registered containership moored at the Port of Colombo in Sri Lanka.The MSC Capetown III was berthed at Jaya Container Terminal (JCT) on Sunday when the fire erupted and eventually escalated to an explosion, the Sri Lanka Ports Authority (SLPA) said.
The all-electric tugboat HaiSea Wamis is the first of HaiSea Marine’s five new eco-friendly tugs to travel from North Vancouver to the company's base of operations in Kitimat.A team of eight Haisla members piloted the HaiSea Wamis home, marking a milestone for HaiSea Marine, a partnership primarily owned by the Haisla Nation and Seaspan ULC.
The river Rhine in south Germany reopened to cargo shipping on Friday after being closed by high water since the weekend, navigation authorities said.Falling water levels after dryer weather this week mean Rhine river shipping has re-started around Maxau in south Germany, the German inland waterways navigation agency said. This means sailings to Switzerland are again possible.
DEME's new fallpipe vessel—the world's largest—was officially named Yellowstone by Her Royal Highness Princess Astrid, Princess of Belgium, during a ceremony in Zeebrugge on Tuesday.Originally a bulk carrier, the ship was converted at Pax Ocean Shipyards in Singapore for rock placement work in the offshore energy industry.
Norwegian shipyard Myklebust Verft has been selected to build a pair of innovative hydrogen-powered passenger ferries ordered by Norwegian transport company Torghatten Nord.The design, produced by The Norwegian Ship Design Company for operations in the challenging waters of the Vestfjordstrekninga fjord in the Arctic Circle
Britannia, the insurer of container ship the Dali, is working with the vessel's owner and U.S. authorities on the investigation into the collapse of Baltimore's Francis Scott Key Bridge, the insurer said on Thursday.The bridge collapsed on Tuesday after the Dali suffered a power outage and struck a pylon, causing huge disruption in the port.
Berge Bulk informs it has placed an order for two ammonia dual fuel vessels from China's Qingdao Beihai Shipbuilding Heavy Industry as part of a push by the dry bulk shipowner to decarbonize its operations.The two 210,000-DWT Newcastlemax vessels will meet the International Maritime Organization's (IMO) Tier III NOx (nitrogen oxides) standards and Energy Efficiency Design Index (EEDI) Phase 3
DHT Holdings announced it has entered into agreements to build four very large crude carriers (VLCC) in South Korea for delivery between April and December 2026.Two of the large tankers will be constructed at Hyundai Samho Heavy Industries and the other two at Hanwha Ocean (formerly known as Daewoo Shipbuilding & Marine Engineering), for an average price of $128.5 million.
Greek shipowner Diana Shipping on Wednesday announced it has placed an order for two new methanol dual-fuel Kamsarmax bulk carriers from China's Tsuneishi Group (Zhoushan) Shipbuilding Inc.The 81,200 dwt newbuilds were ordered at a purchase price of $46 million each, Diana said. The vessels are expected to be delivered by the second half of 2027 and the first half of 2028, respectively.
Attacks from Houthi-controlled Yemen struck two Liberian-flagged ships in the Bab al-Mandab Strait on Friday, a U.S. defense official said, underlining the threat to vessels in shipping lanes being targeted by the Iran-aligned group.Danish shipping company A.P. Moller-Maersk said it would pause all container shipments through the Red Sea until further notice.
Swiss marine power company WinGD will realise the first commercial instalments of its new variable compression ratio (VCR) technology on two new dual-fuel LNG powered vessels being built for NYK Line.A 95,000 DWT bulk carrier being built at Oshima Shipbuilding and a 7,000 CEU pure car and truck carrier (PCTC) being built at Shin Kurushima Dockyard will be the first two-stroke powered vessels