Energy News Beat K Shipbuilding South Korea’s revitalised mid-sized shipbuilder, K Shipbuilding, has been officially put on the market, with owners targeting a sale price of up to KRW1trn ($730m). The sale marks a dramatic turnaround for the former STX Offshore & Shipbuilding, which had once been under court receivership following the 2008 global financial […]
Energy News Beat CMA CGM Alphaliner is reporting French container shipping giant CMA CGM has officially crossed the 4m teu threshold in operated capacity this week. The achievement cements CMA CGM’s position as the world’s third-largest container carrier, trailing only MSC (6.7m teu) and Maersk (4.6m teu). This latest milestone represents a quadrupling of CMA […]
Energy News Beat X.com Maritime security in the Red Sea and Gulf of Aden has deteriorated sharply after Yemen’s Houthi rebels launched devastating attacks on two commercial vessels, raising alarm across the global shipping industry and triggering a steep surge in war risk premiums. The Houthis released a video yesterday showing what appears to be […]
Energy News Beat AmericasAsiaDry Cargo MarineTraffic / Max Wei MarineTraffic / Max Wei Brokers’ sources tell Splash that Japanese owner Nissen Shipping has let go of one of its many modern capes, selling the 2020-built Bulk Ginza—a 182,900 dwt, Imabari-built cape—for just under $64m. The ship is noted to have been sold on a forward […]
Energy News Beat White House US president Donald Trump has signed an executive order to eliminate subsidies for green energy sources, more precisely wind and solar power, as he makes another step on his warpath against renewable energy. The order directs the secretary of the treasury to terminate the clean electricity production and investment tax […]
Energy News Beat Sinokor South Korean shipowner Sinokor Merchant Marine has placed an order with compatriot shipbuilder HD Hyundai, securing four containerships in a deal valued at KRW 834.8bn ($611m). HD Korea Shipbuilding & Offshore Engineering, the holding company of HD Hyundai, revealed the contract in a stock exchange filing, without disclosing the counterparty, but […]
Energy News Beat AsiaContainersEuropeShipyards Zhoushan Changhong International Shipyard Zhoushan Changhong International Shipyard Greece’s Navios Maritime Partners is ramping up its exposure in the container shipping sector with a fresh order for four modern boxships at South Korea’s HJ Shipbuilding & Construction. The Angeliki Frangou-led company is understood to have signed for four 8,000 teu vessels, […]
Energy News Beat Hanwha Ocean Hanwha Shipping, the shipowning arm of South Korean builder Hanwha Ocean, has added another vessel to its growing in-house fleet, placing an order for an additional VLCC. The Okpo-based yard — formerly known as Daewoo Shipbuilding & Marine Engineering (DSME) — is scheduled to deliver the 300,000 dwt scrubber-fitted supertanker […]
Energy News Beat Trafigura Global commodities powerhouse Trafigura has taken a strategic equity stake in a well-known vessel optimisation brand, ZeroNorth. The new partnership will see ZeroNorth’s platform deployed across Trafigura’s controlled fleet of over 350 vessels, including its voyage optimisation systems, emissions analytics and vessel reporting tools. While financial terms of the transaction were […]
