Tag: newbuildings

ABB has secured a contract from Samsung Heavy Industries Co., Ltd. to supply its permanent magnet shaft generator technology for 15 liquefied natural gas (LNG) carriers.

QatarEnergy has signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of six additional QC-Max vessels, enhancing its fleet to a total of 128 LNG vessels.

The Canadian Marine Industries and Shipbuilding Association (CMISA) is calling for urgent government action to address the strategic and ethical threats posed by Chinese-built ships.

COSCO SHIPPING has announced the order of twelve new 14,000 TEU methanol dual-fuel, efficient container vessels.

Capital Gas Ship Management Corp. has taken delivery of three newbuilding LNG carriers "Assos", "Apostolos" and "Aktoras" from Hyundai Heavy Industries.

GTT has reported strong commercial performance in the first half of 2024, recording 58 orders and noting the industry's high demand in LNG. 

Clarksons Research's latest Green Technology Tracker reveals significant progress in the adoption of alternative fuels and energy-saving technologies in global shipping.

In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at the rise in the price of newbuilding which has increased to the highest level since 2008. According to BIMCO's Niels Rasmussen, since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the same period, the order book has grown by 72%, reaching its highest level since early 2012 and is up 2% year-to-date.  Shipyards’ global order book currently stands at 133m Compensated Gross Tonnage (CGT), an increase of 56m CGT compared to the order book’s most recent low in late 2020. LNG and container ships have accounted for respectively 35% and 30% of the increase while bulk carriers, tankers and LPG have accounted for the rest. The order book for container ships, however, peaked during the first quarter of 2023 and has fallen since. Year-to-date, the container ship order book has fallen 16%, deviating from the overall growth trend together with the bulk carrier order book which is down 3%. So far this year, the tanker and LNG segments combined have been ...

X-Press Feeders has placed an order for four methanol-ready 11,000 TEU container ships from China’s Shanghai Waigaoqiao Shipbuilding Co. (SWS).

Wallenius Wilhelmsen has declared options to build four additional methanol dual-fuel, ammonia-ready pure car and truck carriers (PCTCs) at China Merchants Jingling Shipyard.