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European, Asian firms interested in bidding to build major Peru shipyard

The head of Peru’s state-run shipping company on Thursday said nine foreign firms have shown interest in bidding to build a major shipyard next to the country’s bustling Callao port, part of a push to attract more Pacific trade across Latin America. The mostly European and Asian shipbuilding companies that have demonstrated interest in the auction to construct the project must submit bids on Feb. 14, with the winning offer set to be announced on Feb. 20. Vice Admiral Ernesto Colunge, president of the SIMA state shipping company which is ...

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Vietnam: Shipbuilding corporation to declare bankruptcy: industry ministry

A process has begun to allow the Vietnam Shipbuilding Industry Corporation (SBIC) to declare bankruptcy, according to Deputy Minister of Transport Nguyen Xuan Sang. The Ministry of Transport (MoT) said the bankruptcy was, at this point, an inevitable conclusion and the ministry is now aiming for an overhaul of the corporation’s core businesses while trying to retain as many experienced managers and workers as possible. Established in 2013, SBIC was formed through the reorganisation and restructuring of the Vinashin Group. At that time, its charter capital was over 9.5 trillion ...

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HD KSOE Secures 2.8 Trillion Won in Orders in Just 6 Days

HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company of HD Hyundai’s shipbuilding division, announced on Jan. 10 that it has secured contracts for 25 vessels with shipowners located in Europe, Oceania, Asia, and the Middle East. The contracts, totaling 2.82 trillion won (US$2.14 billion), were signed over a six-day period from Jan. 4 to 9. The vessels secured in these contracts include two large ammonia carriers, 15 medium-sized product carriers (PC), six large liquefied petroleum gas (LPG) carriers, and two liquefied natural gas (LNG) carriers. On ...

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Deltamarin to design new wind-assisted RoRo vessels for LDA

Deltamarin is pleased to announce its collaboration with Louis Dreyfus Armateurs (LDA) and Wuchang Shipbuilding Industry Group Co Ltd. (WSIG) in designing three modern and eco-friendly roll-on / roll-off vessels for Airbus aircraft subassembly transportation. The new fleet is set out to cut C02 emissions by 50% compared to 2023 levels by the year 2030. Airbus has selected the French shipowner Louis Dreyfus Armateurs to modernize its entire fleet of chartered vessels that transport aircraft subassemblies between production facilities in Europe and the United States. Deltamarin has previously collaborated with ...

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GTT receives two orders for the tank design of two new LNG carriers

GTT announces that it has received, in 2023, two orders for the tank design of two new Liquefied Natural Gas Carriers (LNGC). The first LNGC will be realised by the South Korean shipyard Hanwha Ocean. This vessel will have a total capacity of 174,000m3, and will be fitted with the NO96 GW membrane containment system, a technology developed by GTT. The delivery of the vessel is scheduled for the third quarter of 2027. The second LNGC will be built by the South Korean shipyard Samsung Heavy Industries. This vessel will ...

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Chinese shipbuilders win growing orders, with deliveries stretching to 2028

From the Adora Magic City’s completion of its maiden commercial voyage on Sunday to Chinese shipbuilders obtaining the most orders from global clients in 2023, China’s high-end manufacturing sector, represented by the steadily progressing shipbuilding industry, has become a new driving force in the country’s economic development. The Adora Magic City, China’s first domestically built large cruise ship, completed its maiden commercial voyage on Sunday after taking more than 3,000 tourists from 16 countries and regions for a seven-day trip to destinations in South Korea and Japan. China has been ...

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HD KSOE wins $240 mn order for two ammonia carriers

HD Hyundai Heavy Industries has secured its second shipbuilding contract of the year. HD Korea Shipbuilding & Offshore Engineering, the shipbuilding intermediate holding company of the HD Hyundai Group, announced on Monday that its subsidiary HD Hyundai Heavy Industries has received an order for two very large ammonia carriers (VLACs) from an Oceania-based shipper. The total contract amount is 317.3 billion won ($240.7 million), and the two ships will be constructed by HD Hyundai Heavy Industries and delivered to the Oceania-based shipper by March 2027. The latest contract marks the ...

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China’s shipbuilding industry surges ahead, with orders scheduled for 2028

China’s shipping industry saw robust growth in 2023, prompting shipowners around the globe to place orders, some of which have been scheduled for 2028. The increase in orders can be linked to China’s strengths in environmental protection, according to Li Hao, director of operations at Guangzhou Shipyard International Company Limited, a subsidiary of China State Shipbuilding Corporation Limited. Li told China Media Group that about 80 percent of the company’s orders came from foreign countries. According to Li, over 60 percent of the ship manufacturer’s current orders were for methanol ...

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Hanwha Ocean Makes Strategic Decision to Cease Winning Container Ship Orders

Hanwha Ocean, the world’s third-largest shipbuilder, has decided to stop receiving container ship orders. According to the shipbuilding industry on Jan. 7, Hanwha Ocean has decided to suspend its container ship ordering business as a management policy and has established a business plan for this year based on it. The suspension includes not only container ships powered by diesel engines, which have low added value, but also eco-friendly container ships equipped with relatively expensive methanol and LNG engines. Container ships have been the main cash cow of Hanwha Ocean (founded ...

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Amarco selects Strategic Marine as preferred builder for new fast crew boat

Strategic Marine, a leading aluminium shipbuilding company, proudly announces the signing of a landmark shipbuilding contract with Bruneian Amarco Sdn Bhd (AMARCO). This collaboration marks a key milestone for both companies with the latest 4th Generation Fast Crew Boat (FCB) entering the Bruneian market for long term operations. This comprehensive shipbuilding contract encompasses the enabling of the vessel to be future ready for a gyro stabilizer, coupled with the option for the installation of a motion compensated gangway as future capabilities. In line with sustainable practices, the vessel is also ...

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China’s shipbuilders lead global race

China’s shipbuilding industry will continue to lead the global race this year on the back of its supply chain growth, market expansion, and intelligent and green transition over the years, said analysts and industry sources. The industry has become adept at constructing all types of mainstream vessels, reflecting its versatility and innovative capabilities, they said. Their view is borne out by data. In terms of volume, orders for new ships across the global industry reached 41.49 million compensated gross tonnage in 2023, according to the latest data released by the ...

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Korean Shipbuilding Industry Increasingly Anticipating Landing Tanker Orders

In 2024, Korean shipbuilders are likely to benefit from an increase in tanker orders because of increased distances for crude oil transportation due to the prolonged war in Ukraine, rising unrest in the Red Sea region, the gateway to the Suez Canal, and a shortage of shipbuilding slots with Chinese shipbuilders. Annual orders for global tankers stood at 300 as of early December 2023, more than doubling year on year to reach 143, said Clarkson Research, a U.K.-based shipbuilding and shipping market analysis organization on Jan. 2. The reason behind ...

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China’s shipbuilders chart exciting waters

Deliveries from Chinese constructors account for half the global total China’s first domestically built large cruise ship, Adora Magic City, embarked on its maiden voyage on Monday, when it left Shanghai for destinations in Northeast Asia. The successful delivery and operation of the vessel saw China join countries such as Italy, France, Germany and Finland in designing and building their own cruise ships. It also signified that China is the only country to have mastered the technology for building an aircraft carrier, a large liquefied natural gas carrier and a ...

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Korea Loses World’s Top Spot to China in Shipbuilding Orders 3 Years Running

In 2023, Korea’s shipbuilding industry lost the world’s top spot to China for the third consecutive year. However, even as orders fell by more than 37 percent in 2023, the proportion of high-value vessels such as liquefied natural gas (LNG) carriers climbed. Global shipbuilding orders totaled 41.49 million CGT in 2023, down 18.7 percent from 2022, according to Clarkson Research, a British shipbuilding and shipping analysis organization. Of this, Korea’s order intake stood at 10.01 million CGT, down 37.6 percent year on year. Its global market share hit 24 percent. ...

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China to retain lead in global shipbuilding

China will retain its lead in the global shipbuilding market this year, and this trend is expected to persist into 2024, market watchers and shipbuilders said. With robust growth in both new orders as well as output this year, Chinese shipyards have demonstrated greater innovation, productivity and supply chain advantages compared to foreign rivals, they added. China’s shipbuilding output climbed 12.3 percent year-on-year to 38.09 million deadweight tons (dwt) in the first 11 months of 2023, accounting for 50.1 percent of the world’s total, data from the Ministry of Industry ...

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