Local news today
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Bulk Carrier
BSC to acquire two ships for $77 million
The Bangladesh Shipping Corporation (BSC) has finalized a significant agreement to purchase two new ships from Hellenic Dry Bulk Ventures…
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Shipbuilding
VARD Launches Second Hybrid Power Vessel for Island Offshore
Norwegian shipbuilder VARD has officially laid the keel for the second hybrid power ocean energy construction vessel (OECV) for Island…
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Shipbuilding
Foundamental Launches Third Fund, Targets Indian Market
Berlin and Mumbai-based venture capital firm Foundamental has unveiled its third fund, focusing on investments in construction technology and related…
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Shipbuilding
China Regulates Shipbuilding Growth Amid Global Dominance
China is taking proactive measures to manage its shipbuilding capacity, aiming to prevent an oversupply in a sector where it…
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Shipbuilding
Baker Hughes secures Petrobras contract extension for vessel duo
Oilfield services leader Baker Hughes has finalized a multi-year contract with Petrobras, extending the deployment of two advanced stimulation vessels.…
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Bulk Carrier
MV Densa Lion Arrested At Paradip Port For Outstanding Dues
In a significant legal development, the bulk carrier MV Densa Lion has been detained at Paradip Port following an order…
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Decarbonization
Accelleron Urges Shipping Industry to Embrace Hydrogen
Accelleron has launched its inaugural maritime decarbonization report during the London International Shipping Week (LISW25), calling on the shipping sector…
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Shipbuilding
COSCO Shipping Heavy Industry in South China yard expansion
COSCO Shipping Heavy Industry is set to significantly enhance its ship repair and offshore engineering capabilities with a substantial RMB3…
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Shipbuilding
Hanwha Ocean wins first orders from Yang Ming
In a significant move for the maritime industry, South Korea’s Hanwha Ocean has secured a contract valued at KRW 1.93…
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Shipbuilding
Japanese shipowner Nissen Kaiun takes stake in Dutch wind-assist pioneer
In a significant move towards sustainable shipping, Japanese shipowner Nissen Kaiun has acquired a stake in Dutch wind technology innovator…
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