Turkey’s Ciner Shipping has added four kamsarmaxes to its large bulk carrier orderbook across Chinese shipyards. The Istanbul-based bulker and tanker player has contracted 82,000 dwt scrubber-fitted units at Hengli Shipbuilding in Dalian with deliveries starting from March 2027. Shipbuilding...
https://splash247.com/ciner-bulks-up-with-kamsarmax-newbuilds-at-hengli-shipbuilding/
Incoming CEO Jean-Baptiste Choimet’s knowledge of the LNG, shipping, hydrogen and new energies impressed selection board
Bank says it may prove challenging to directly regulate China’s shipbuilding industry, similar to its solar and steel industries
The newbuildings are time-chartered to Petronas disvision Trading Labuan and will be built by Dalian Shipbuilding
Canadian ship repair and construction firm on the Great Lakes has halted work at its facility in Thunder Bay. Operations at the site have been temporarily idled largely due to a slow market and the availability of skilled workers, the company told local media. The yard struck a deal in 2020 to...
https://splash247.com/ontario-shipyards-shuts-thunder-bay-yard/
A Japanese feeder line has embarked on a zero-emission boxship project. Imoto Lines, together with compatriot tech firm Marindows, is aiming to produce ships that achieves zero CO2 emissions not only during operation but also within ports and while docked. State funding has been granted for the...
https://splash247.com/japanese-feeder-operator-goes-hybrid-with-latest-order/
The US presidential elections this year have a strong anti-China current with both candidates vowing to get tough with Beijing. Speaking in Pittsburgh to a steelmaking union yesterday, President Joe Biden announced plans to triple the tariff rate on steel and aluminum imports from China while the...
https://splash247.com/us-probes-chinese-shipbuilding-pricing/
Singapore’s Jurong Shipyard, a subsidiary of Seatrium, has lost an arbitration over the termination of drilling equipment contracts related to four offshore rigs. MHWirth, a unit of Norwegian oil-services investment company Akastor, has been awarded around $101.3m by the Singapore International...
https://splash247.com/singapore-yard-loses-drilling-rigs-related-arbitration-against-akastor-unit/
Italian owner d’Amico International Shipping has signed a shipbuilding contract with Jiangsu New Yangzi Shipbuilding for the purchase of two new LR1 product tankers. The order was placed by the Italian firm’s Irish subsidiary, d’Amico Tankers. The price for each 75,000 dwt vessel will be $55.4m....
https://splash247.com/damico-orders-two-lr1-tankers-in-china/
Brokers say buyers are starting to show caution on large tanker action particularly at such stiff pricing