South Korean shipbuilders are in talks with Qatar for expected $6.6 billion deals to manufacture additional Liquefied Natural Gas (LNG) tankers as the growing demand for the carrier along with container ships is expected to power overall vessel prices to near a...

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According to BusinessKorea, in February this year, Hanwha Group completed the acquisition of HSD Engine, now rebranded as Hanwha Engine, investing 230 billion won ($170 million). HD Hyundai’s intermediate holding company, HD Korea Shipbuilding & Offshore...

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According to the company’s release, on August 3, Antong Holdings Co., Ltd. released the Announcement on the Connected Transaction of Leasing Vessels to Sinotrans Container Lines Ltd. The announcement disclosed that Antong Holdings intends to lease four...

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According to Business Korea, in July, the South Korean shipbuilding industry’s order intake surpassed that of the Chinese shipbuilding industry in terms of market shares for the first time this year. According to Clarkson Research, a British shipbuilding and...

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According to Bunkerspot, MSC Cruises will see its fleet of ships’ emissions reduced ‘by up to 15% in 2026’ thanks to introducing a new itinerary planning optimization tool called OptiCruise. The cruise line has developed a new mathematical model with OPTIMeasy, a...

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Maritime solutions provider Wallem Group and China’s COSCO Shipping Seafarer Management Company have entered strategic cooperation to enhance their collaboration in the maritime industry. “We are honored to partner with COSCO Shipping Seafarer Management Company to...

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