Marine News
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Bulk Carrier
Safe Bulkers posts $1.7m profit in Q2 despite weaker rates and higher costs
Safe Bulkers, a Limassol-based shipping company listed on the New York Stock Exchange, has managed to report a profit in…
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Shipbuilding
Electricity blackouts are a blessing for shipping
As the world pushes towards renewable energy, a surprising trend emerges in the shipping sector: an increasing reliance on fossil…
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Shipbuilding
(LEAD) HD KSOE’s Q2 net profit up 25 pct on strong ship sales
SEOUL, July 31 (Yonhap) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) announced a significant 25% increase in…
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Shipbuilding
Korea and U.S. finalize $150 billion shipbuilding cooperation package ahead of August deadline
In a significant development for the shipbuilding industry, South Korea and the United States have finalized a tariff agreement that…
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Shipbuilding
Ardmore snaps up trio of modern MR tankers
Ireland-based Ardmore Shipping is enhancing its product tanker fleet by acquiring three modern MR vessels for nearly $104 million. The…
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Shipbuilding
South Korea commits $150B to help revive US shipbuilding
South Korea has committed $150 billion to a dedicated United States shipbuilding rejuvenation fund as part of a $350 billion…
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Decarbonization
MOL Unveils Eco-Friendly VLCC Energia Viking
Mitsui O.S.K. Lines, Ltd. has officially launched its latest very large crude carrier (VLCC), the Energia Viking, during a naming…
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Bulk Carrier
Holcim UK retires bulk carrier after 34 years in Glensanda fleet
Holcim UK has officially retired the Yeoman Bank, a self-discharging bulk carrier that has been instrumental in transporting aggregates for…
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Shipbuilding
“Make America Shipbuilding Great Again” Initiative Essential for US-South Korea
In a significant development, South Korea and the United States have reached a landmark agreement aimed at revitalizing the US…
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Shipbuilding
13MP: Ship fueling supply services to reach RM19.4 bln by 2030
KUALA LUMPUR (July 31): The 13th Malaysia Plan (13MP), covering the period from 2026 to 2030, aims to significantly bolster…
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