Resulting entity would control about 20 pct of global market; Daewoo shares rally 22 pct; Hyundai Heavy shares fall. Hyundai Heavy Industries, the worlds biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1

The worlds biggest shipbuilder sees Chinas cleanup of its smoggy skies lifting prices of the vessels this year. As China prioritizes dealing with the smog that has famously blanketed Beijing and other big cities, the worlds second-biggest e

China maintained its top position in the global shipbuilding industry last year, an association said. In 2018, Chinese companies built 43.2 percent of the new ships in the world, up from 41.9 percent a year ago, cementing the countrys leadi

French shipping giant CMA CGM and OOCL, now owned by Cosco, have been linked to this weeks reports that they are planning to order large containerships. Singapores Splash247 quotes a weekly report from Braemar ACM shipbroking as saying CMA

Chinas first support ship customized for the domestically developed 10,000-meter-deep manned submersible was launched in Mawei District of Fuzhou City in east Chinas Fujian Province on Sunday. The ship has a total length of 87.2 meters, a w

Danish shipping conglomerate A.P. M?ller Maersk A/S has taken delivery of Vilnia Maersk, a 3,600 TEU containership, from COSCO Zhoushan Shipyard. According to a stock exchange annoucement, Shanghai NSE supplied main switchboard for the vess

A new LNG-fuelled tug has been launched to reduce emissions during marine operations at one of Chinas largest ports. Jiangsu Zhenjiang Shipyard group has launched an azimuth stern drive (ASD) tug that uses LNG for its main fuel, which will

The construction of a 600-tonne Coast Guard Administration (CGA) patrol ship by the Taiwan-based shipbuilding company Jong Shyn Shipbuilding Corporation (JSSC) began in Kaohsiung. An official statement from Taiwan coast guard said that the

Norways TTS Group has been awarded a NOK 102 million (USD11.7 million) contract with Cosco (Dalian) Shipyard Company in China for five sets of cargo cranes and hatch covers. The contract regards five shipsets of cargo cranes and hatch cover

The most powerful of its kind, MV VISBORG marks a new era for the Scandinavian-Asian collaboration between designers OSK, owners Rederiaktiebolaget Gotland, and builders Guangzhou Shipyard International. Following the official naming ceremo

German shipping group Gesellschaft Fur Oeltransporte (GEFO) has placed an order for two LNG-ready 7,000 DWT stainless steel chemical tankers at the Chinese shipyard Avic Dingheng Shipbuilding. The German company has an option for two additi

On 18 December, 2018, the naming ceremony for the 49th VLCC New Honor of China Merchants Energy Shipping (CMES) was held at NACKS. Mr Cao Hong, Chairman of the Supervisory Board of CMES, attended the ceremony and named the new ship. Mr Chen

Two new 14,000 TEU full-container vessels built for Taiwanese ocean shipping company Yang Ming Marine Transport Corporation by Imabari Shipbuilding Japan, were named as YM Wonderland and YM Wisdom respectively. Yang Ming Chairman Bronson Hs

Swedish family-owned shipowner Rederi AB Donstank has contracted two oil products and chemical tankers at Chinese Wuhu Shipyard Co. Ltd. The vessels will be delivered in 2021, the Gothenburg-based shipping company said in a press release. T

The worlds largest crankshaft for 22,000 TEU (twenty-foot equivalent unit) container ship rolled off the production line in Dalian City, northeast Chinas Liaoning Province on Thursday. The crankshaft was produced by Dalian Huarui Heavy Indu