The first in a series if brand new training ships for the U.S.’ state maritime academies has had to alter course on its inaugural summer training voyage after running into technical issues. The National Security Multi-Mission Vessel (NSMV) Empire State…
NSMV Empire State Suffers Technical Issues Read More »
Despite rising prices, the global newbuilding orderbook has kept growing. In a recent weekly analysis, shipbroker Xclusiv said that “despite increasing prices, the orderbook for the four main vessel categories (bulk carriers, tankers, containers & …
Global Newbuilding Orderbook Keeps Growing Read More »
Following the surge in VLAC ordering during 2023-24, the trend seems to be shifting to the relatively small MGCs, as 20 orders were placed in 1H24. With the rising interest of shipowners, we believe 2024 will be a historic high for MGC orders. As per D…
MGCs retain their status as ‘true workhorses’ due to high yields and increased orders Read More »
The shipping industry is in the throes of significant change, driven by global events, supply chain disruptions, and an evolving market dynamic. In the midst of this transformation, Chinese and Japanese leasing companies have emerged as major players i…
Reshaping the ship finance landscape Read More »
Hengli Group, privately-controlled Chinese oil refiner and petrochemicals producer, said on Monday it will invest 9.2 billion yuan ($1.3 billion) in shipbuilding in northeast China, two years after it acquired South Korean shipyard STX’s assets.The gro…
Hengli Plans $1.3 Billion Investment in Shipbuilding Read More »