In an increasingly complex world with multiple challenges, HD Hyundai has decided to transform from a shipbuilder to a high-tech-focused “future builder” company developing solutions for decarbonization and digitalization. When Hyundai Heavy Industries…
From heavy industries to high-tech: HD Hyundai turns the page Read More »
Demand for “green” ships is expected to boom over the coming years, already prompting the reopening of decommissioned shipyards, especially in China, while yard utilization percentages are also on the rise. In its latest weekly report, shipbroker Inter…
Shipbuilding Industry Entering a New Growth Era Read More »
On 7 July 2023, after two weeks of intense negotiations, the member states of the International Maritime Organization (IMO) unanimously adopted the 2023 IMO Greenhouse Gas Strategy. This landmark agreement replaces the 2018 Initial Strategy and signifi…
A new climate deal for shipping: Three decades to zero Read More »
The Drewry LNG Shipping Equity Index increased 16.3% YTD (as of 13 July 2023), underperforming the S&P 500, which rose 17.5% during the same period. The stock price of Nakilat jumped 14.5%, that of Golar LNG increased 3.6%, while Flex LNG’s decline…
Drewry: LNG Shipping Equity Index Up 16.3% During 2023 Read More »
Argentina is expected to contribute more export seaborne cargoes of crude oil, as production ramps up, while consumption isn’t. In its latest weekly report, shipbroker Gibson said that “the explosive growth in Americas crude production has repeatedly f…
Tankers: Argentina Emerging as Crude Oil Export Destination Read More »