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Latest From Shipbuilding
The 7000 ceu ships will be built at Japan-based Shin Kurushima Dockyard and Nihon Shipyard. Delivery of the vessels will begin from 2024
Nominal capacity has been injected into key trade lanes. But with delays occurring throughout the supply chain, the amount of capacity in use has fallen
The newbuildings have helped push Yangzijiang’s year-to-date new orders to 112 vessels, or $6.7bn in value terms, and its existing orderbook to 170 vessels, or $8.7bn — the highest in its history
Finnlines’ core businesses have showed signs of recovery but pandemic-related travel curbs continue to suppress passenger numbers
The company has placed an order of four plus two 5,300 teu boxships and will pay for $61.6m for each of them. The order comes on the back of a $236.6m net profit for the first half of 2021
The 2,100 teu vessel will be built at Hyundai Mipo Dockyards and will be delivered in 2023. It will use MAN Energy Solutions’ dual-fuel engine to run on CO2-neutral methanol
Latest From Yard Talk
Chinese yards are facing challenges from South Korean competitors, which have pledged to reach carbon neutrality by 2050. They are expected to be burdened with extra technical requirements and financial costs driven by China’s decarbonisation strategy
Industry expert suggests China should first create a road map from the top that carefully assesses the feasibility of different fuel options and design a suitable pathway towards green shipping
Shell is said to be considering the high pressure, ME-GI main engine, which can almost eliminate the methane slip from liquefied natural gas, for its dual-fuel VLCC newbuilding project in South Korea. But one big shortcoming of more advanced technology is: it’s expensive
It remains to be seen how China’s shipbuilders will collaborate with compatriot leasing lenders to consummate the deals
China has long sought to support the basic strategic goal of more Chinese cargo being carried by more Chinese ships, but never quite managed to pull it off. The shifting economic conditions, however, may well present the perfect opportunity to finally cement ‘guohuo guoyun’ as a reality and China’s shipyards will be reaping the rewards
The head of shipbuilding at Japan’s transport ministry outlines the country’s roadmap to zero-emission ships, and offers views on industry consolidation and state subsidies
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