Tag: shipbuilding

BIMCO announced that its Documentary Committee has adopted a clearly worded standalone refund guarantee to assist parties in their shipbuilding projects. The refund guarantee aims to safeguard against the risk of the shipyard defaulting or becoming insolvent before the ship is delivered. 

The Ulsan District Prosecutors' Office has indicted 18 officials of Hyundai Heavy Industries Co. (HHI), including its CEO, on charges of violating the Industrial Safety and Health Act.

The European Union's (EU) antitrust regulator has not resumed its review of the proposed merger between South Korea's two leading shipbuilders, putting its decision on hold for about a year.

The Biden administration implemented a ban on all U.S. investment in four of China's biggest maritime players, including world's largest shipbuilder, China State Shipbuilding Corporation (CSSC).

Total orders of dry bulk, tanker, and container ships have jumped 119.7% in the first five months of the year compared with the same period in 2020, according to BIMCO.

A newly-completed joint development project (JDP) deployed simulation and modeling of carbon footprints of a VLCC to give insight into energy efficiency technologies and LNG bunkering analysis. 

The German Shipbuilders Association urges for a restructure of the framework conditions for European shipbuilding, considering that Asian yards take custom away from Europe. 

On 8 April, Daewoo Shipbuilding & Marine Engineering held an opening ceremony of its new digital center for shipbuilding process.

Hydrogen-powered vessels and e-charge points at ports could soon become a common sight on the UK seas and coastal towns, thanks to a £20 million competition launched on 22 March 2021, to make innovative green maritime ideas a reality.

French shipbuilder Chantiers de l’Atlantique announced the upcoming installation of a first-of-its-kind model for sailing propulsion adapted to large ships. This announcement was made during an e-event broadcasted live from the MSC Virtuosa in Saint-Nazaire.