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Shipbuilding

Helsinki Shipyard Acquisition Wrapping Up

The acquisition of the current Arctech Helsinki Shipyard in Finland will be finalized in May, the involved parties say, having agreed to transaction terms on May 9.

Wärtsilä to power first LNG-fuelled PSVs for COSL

Wärtsilä announced the contract to supply 40 Wärtsilä 20DF dual-fuel engines for 12 new LNG-fuelled PSV

IMO: Hong Kong Convention must enter into force as soon as possible

Ten years after the adoption of IMO’s Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships, in May 2009.

Cosco Shipping Shanghai opens new ship repair yard in Zhoushan

Shanghai Shipping Maritime Technology, a wholly-owned subsidiary of Cosco Shipping Shanghai branch, opens up a new ship repair base in Zhoushan, Zhejiang province.

Pangaea Logistics Solutions books two post-panamax bulkers for Baffinland contract

US bulker owner Pangaea Logistics Solutions has signed shipbuilding contracts with CSSC’s Guangzhou Shipyard International

SHI Built LNG-Fuelled Ship with In-house Tech

South Korea shipbuilding major SHI announced that it has successfully built its first LNG-fuelled vessels with its own technology

Exmar orders LPG-fuelled VLGC pair for Equinor contract

Belgian shipowner Exmar has ordered a pair of LPG-fuelled 86,000 cu m LPG carriers from China’s Jiangnan Shipyard

China Merchants takes over AVIC Weihai Shipyard

AVIC International Holdings has entered into an agreement with China Merchants Offshore Engineering Investment to transfer its entire 69.77% equity interest in AVIC Weihai Shipyard

ST Engineering clinches $746m icebreaker newbuild deal from US Navy

ST Engineering has clinched a contract from the US Department of the Navy to build an icebreaker vessel worth approximately $746m

Fincantieri acquires control of Insis

As part of the enhancement of its activities in high technological content sectors, Fincantieri has acquired a majority stake of Insis, a company headquartered in Follo

ZPMC to manufacture shipbuilding gantries for Karachi yard

Chinese heavy equipment manufacturer ZPMC signed the contract for two shipbuilding factory gantries with Karachi Ship Building and Engineering Construction Plant of Pakistan

Qatar Petroleum initiates order for up to 100 LNG carriers

Qatar’s state-run energy group Qatar Petroleum has issued an invitation to tender for a major LNG carrier newbuilding program to support the expansion of its NFE Project

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