Mining giant Vale International and Japan’s Mitsui O.S.K. Lines are teaming up for a new joint study on the use of wind propulsion systems employing rotor sails on large bulk carriers. The new study is the next step for Vale which earlier this year began testing both...

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VLCC owner DHT Holdings is bringing forward scrubber and ballast water treatment system retrofits in Q4 as the weak tanker market continues. DHT Holdings reported a Q3 net loss of $21m compared to a $50.7m profit in the same period last year. Revenues sank to $59.1m...

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Yangzijiang Shipbuilding reported total revenues of CNY4.47bn ($698m) for 3Q 2021, an increase of 25% year on year. To date, Yangzijiang Shipbuilding has secured order for 124 vessels worth $7.41bn in 2021, and has an outstanding orderbook of $8.86bn for 165...

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