Shipbuilding
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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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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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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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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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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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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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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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Takeda Partners with VELA for Eco-Friendly Shipping
Japanese biopharmaceutical giant Takeda has announced a groundbreaking partnership with Bordeaux-based VELA Transport to utilize innovative sailing cargo trimarans for…
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Royal Caribbean Begins Construction on Fourth Icon-Class Ship
Royal Caribbean has marked a significant milestone in its fleet expansion with the keel-laying ceremony of its fourth Icon Class…
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Eastern Shipbuilding Partners with HII to Boost U.S. Navy Destroyer Production
Eastern Shipbuilding Group (ESG) has entered a strategic partnership with HII’s Ingalls Shipbuilding Division to enhance the production of outfitted…
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