Paula Zorensky, Vice President of the Shipbuilders Council of America (SCA)—the national association representing the U.S. shipbuilding, maintenance, and repair industry—and Government Affairs Advisor at Adams and Reese, today was honored by MarineLog as one of the Top Women in Maritime for 2024. Ms. Zorensky was recognized by MarineLog, a leading maritime industry publication, as one of 20 exceptional female leaders for her significant contributions to the maritime sector. Honorees will be featured in the December issue of Marine Log and celebrated at the Top Women in Maritime event on ...

Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company, today held a christening and launch ceremony for the TRANS HARMONY EMERALD, the second of two LNG-powered roll-on/roll-off (RO/RO) ships(Note) under construction for Toyofuji Shipping Co., Ltd. The ceremony took place at the Enoura Plant of MHI’s Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture. The ship’s handover is scheduled for June 2025 following completion of outfitting work and sea trials. The TRANS HARMONY EMERALD will serve as a RO/RO vessel on shipping routes in Asia. The TRANS HARMONY ...

GTT announces that it has received, in the fourth quarter of 2024, an order from its partner the Chinese shipyard China Merchant Heavy Industry-Jiangsu for the tank design of a new LNG carrier. GTT will design the tanks of this vessel, which will offer a total capacity of 180,000 m³ and will be fitted with the Mark III Flex containment system, developed by GTT. The delivery of the vessel is scheduled for the third quarter of 2027. Source: GTT

CGS International (CGSI) analysts Lim Siew Khee and Meghanan Kande are keeping their “add” call on Yangzijiang Shipbuilding at an unchanged target price of $3.20 following the company’s 3QFY2024 ended Sept update. Yangzijiang Shipbuilding has guided for a higher FY2025 order win target of over US$4.5 billion ($6.02 billion) due to the planned capacity addition in Xinqiao Park of the Jingjiang Economic and Technological Development Zone, which will likely add capacity for 12 units of mid-sized vessels per annum (p.a.). “We lift our order win targets for FY2025/FY2026 to US$5.5 ...

Damen Shipyards Group and its client SAFEEN Group, part of AD Ports Group’s Maritime & Shipping Cluster, have announced a Guinness World Records™️ title for the Most Powerful Electric Tugboat. The record was set by measuring the bollard pull of Damen RSD-E Tug 2513 Bu Tinah. With an average high peak pull of 78.2 tonnes, the vessel demonstrated performance unprecedented for a fully-electric tug. The vessel, which Damen delivered to SAFEEN Group earlier this year, is the first fully electric tug to operate in the Middle East. The record-breaking performance ...

listed Al Seer Marine and Damen International have agreed to expand their joint venture, Dune, beyond the naval sector into the commercial shipbuilding market. Established in 2022, the joint venture initially focused on naval shipbuilding. Guy Neivens, CEO of Al Seer Marine, is a subsidiary of International Holding Company, said the company anticipates producing over 26 vessels, all constructed within the UAE, to serve both domestic and international clients in 2025. Dune will leverage the combined expertise and infrastructure of Al Seer Marine’s facility in Abu Dhabi and the existing ...

QatarEnergy inaugurated four new conventional-size LNG vessels built in the Samsung Heavy Industries Shipyard and the Hanwha Ocean Shipyard in the Republic of Korea as part of QatarEnergy’s historic fleet expansion program. The four new vessels, “Id’asah”, “Nuaijah”, “Umm Swayyah”, and “Lebrethah” are part of 128 total vessels ordered from Korean and Chinese shipyards as part of the largest shipbuilding program in the history of the LNG shipping industry. The naming of the vessels took place in two separate ceremonies in the city of Geoje, the first of which was ...

Korean shipbuilders are raising hopes to expand their presence in the US, following President-elect Donald Trump’s call for more bilateral cooperation in the shipbuilding sector. According to Seoul’s presidential office, President Yoon Suk Yeol and Trump had a 12-minute phone call Thursday morning after Trump won a second nonconsecutive presidential term. After exchanges of congratulations and gratitude, Trump specifically mentioned Korea’s shipbuilding capabilities and the US’ need to collaborate with Korean shipbuilders. Seoul’s presidential office quoted Trump as saying that the US president-elect is well aware of Korea’s world-class shipbuilding ...

Strategic Marine is delighted to announce the signing of a significant contract with Mainprize Offshore for the construction of six state-of-the-art Supa Swath vessels, with an option for an additional six vessels. This agreement follows the Memorandum of Understanding (MoU) signed at Seawork in June, Europe’s largest on-water commercial marine and workboat exhibition and the recent deliveries of MO10 & MO 11, the latest additions to the Mainprize fleet earlier this year, and marks a strategic strengthening of their fleet capabilities and service offerings. The Supa Swath vessels, renowned for ...

U.S. President-elect Donald Trump indicated his incoming administration’s intent to strengthen partnerships with Korean shipbuilders during a Thursday phone call with President Yoon Suk Yeol. Principal Deputy National Security Adviser Kim Tae-hyo told reporters that Trump mentioned the necessity of Korea’s support for the U.S. shipbuilding industry. “Trump told Yoon that he is aware of Korea’s world-class ability to build naval and commercial vessels, mentioning the need for a close cooperation with Korea in the maintenance, repair and overhaul (MRO) of ships, as well as in ship exports,” Kim said. ...

In a bustling shipyard of Haixi Bay, located in the Xihai’an (West Coast) New Area of Qingdao, east China’s Shandong province, workers were welding steel plates on the production line. “Our order books are full until 2028. With tight schedules and heavy workloads, we have to keep production going non-stop,” said Chen Zhihua, deputy director of the planning department at China State Shipbuilding Corporation Qingdao Beihai Shipbuilding Co., Ltd. (Beihai Shipbuilding). Although the company now sees so many orders, it once went through a painful transition period. For a long ...

QatarEnergy inaugurated four new conventional-size LNG vessels built in the Samsung Heavy Industries Shipyard and the Hanwha Ocean Shipyard in the Republic of Korea as part of QatarEnergy’s historic fleet expansion program. The four new vessels, “Id’asah”, “Nuaijah”, “Umm Swayyah”, and “Lebrethah” are part of 128 total vessels ordered from Korean and Chinese shipyards as part of the largest shipbuilding program in the history of the LNG shipping industry. The naming of the vessels took place in two separate ceremonies in the city of Geoje, the first of which was ...

HD Korea Shipbuilding & Offshore Engineering, the intermediate holding company of HD Hyundai specialized in shipbuilding, announced on November 8 that it has recently signed a contract to build 4 LNG bunkering vessels with a shipping company based in Asia. – The total order amount is 514.8 billion KRW. – The four vessels will be built by HD Hyundai Mipo and scheduled to be delivered by October 2028. – Including these orders, HD Korea Shipbuilding & Offshore Engineering has received orders for a total of 175 ships (including 1 offshore ...

With order wins reaching US$11.64b year-to-date, Yangzijiang Shipbuilding has surpassed its FY 2024 goal of US$4.05b. In a bourse filing, the company reported that 86% of its new order wins were for eco-friendly vessels. Green vessels also account for 75% of the company’s total order book value. The total order book year-to-date stands at US$22.14b. Delivery-wise, the company has already achieved 90%, delivering 57 out of 63 vessels year-to-date. Source: Singapore Business Review

Yangzijiang Shipbuiilding has reported a record high total order book value of US$22.14 billion ($29.4 million) in 9MFY2023 ended Nov 7, according to its business update. According to the group, its “strong outstanding” order book brings revenue visibility up to mid-2028. The group also exceeded its FY2024 order win target by 259%, having secured an additional US$7.14 billion as at Nov 7. This came on the back of strong demand for dual-fuel containerships, oil tankers, and gas carriers, adds the group. Yangzijiang Shipbuilding believes it is on track to achieve ...