In China, Xinde Marine News reports Shanghai-based Puyin Financial Leasing signed a financing deal with Singapore’s Eastern Pacific Shipping on February 25 for two LNG dual-fuel Neo-Panamax container ships under construction at Jiangsu New Times Shipbuilding. The vessels are designed to meet IMO Tier III emissions standards, emphasizing fuel efficiency and reduced environmental impact. EPS, […]
In South Korea, Global Economics reports Taiwan’s Evergreen Marine is considering ordering eleven 24,000 TEU LNG dual-fuel container ships from South Korean and Chinese shipyards, with each vessel priced at over $250 million, bringing the total investment to $2.75 billion, according to reporting by LNG Prime on the 22nd. The move marks a shift from […]
In South Korea, HJ Shipbuilding & Construction delivered a 272-meter-long, 22-knot 7,700 TEU LNG dual-fuel container ship to a European owner on the 20th at its Yeongdo shipyard in Busan. The vessel, the first of two ordered in 2022, features an eco-friendly design that meets International Maritime Organization emission regulations. The delivery signing ceremony took […]
In the UK, Rivera Maritime News reported the global shipping fleet’s value, according to Clarksons Research, reached US$2 trillion by the end of 2024, adding US$800 billion in value over the first four years of this decade. This growth was driven by a 6.2% rise in tonne-mile demand, which “reflects the largest growth in shipping […]
In Korea, Business Korea reports the shipbuilding industry is experiencing a significant shift, with a rising preference for liquified natural gas (LNG) dual-fuel container ships over methanol-powered vessels. According to Clarkson Research, the first half of this year saw orders for 40 LNG dual-fuel container ships, double the 20 methanol dual-fuel ships ordered. This is […]
In Greece, Capital-Executive Ship Management Corp. took delivery of four new 2,862 TEU container vessels equipped with Alternative Marine Power, also know as ‘shore power’, SOx exhaust gas cleaning systems, and are configured for future liquified natural gas adaptation. Built by HD Hyundai Mipo Dockyard Co. Ltd. in South Korea, the vessels incorporate optimized hull […]
