Korean Shipbuilders Lag Behind Chinese Ship Orders

Korean shipbuilders lagged far behind their Chinese rivals in terms of taking shipbuilding orders in September. According to British shipbuilding and shipping market analyst Clarkson Research, global shipbuilding orders totaled 2.89 million CGT (90 units) in September, down 25 percent from a year earlier. China topped the standings with orders for 2.48 million CGT (65

Record orders for LNG tankers in 2022

Shipbuilders enjoyed a record year for liquefied natural gas tanker contracts in 2022 — and they expect the boom to continue for some time as demand for the fuel rises. Global orders for the specialist vessels reached 163 in 2022, data from Refinitiv show, more than double the the previous year’s figure and the highest

Chinese shipbuilders move into LNG sector

More Chinese shipbuilders are moving into the LNG carrier construction arena, with China Merchants Heavy Industry Jiangsu (CMHI Jiangsu) sealing a technical assistance and license agreement with French membrane containment system designer GTT. The deal will allow the subsidiary of China Merchants Industry Holdings, and one of the three leading shipbuilding groups in China, to

Japan to collaborate with local shipbuilders to develop carbon-neutral ships

The Japanese government will team up with local shipping lines and shipbuilders to develop new types of vessels fueled by ammonia or hydrogen. The country relies on sea-based transportation for much of its food and natural resource needs, intends to start commercial runs of ammonia-fueled ships in 2028.  The council will work to expedite the

[WEBINAR]Decarbonising Shipping: Issues and Challenges

COP26 Climate Summit held at Glasgow in November 2021 has brought the focus back on to environment and climate change issues in the world. Several countries have pledged to take steps to cut down the carbon emissions and tread on the path towards green transition with set targets for NetZero emissions. In the series of

Shipbuilders accelerate drive to make eco-friendly vessels

A growing number of shipbuilders are turning to eco-friendly vessels as the shipping industry will face strengthened requirements on carbon emissions in the coming years. Shipping accounts for about 3 percent of the world’s annual carbon emissions. The International Maritime Organization has ordered shipping companies to cut their greenhouse gas emissions by at least 30