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Latest From Shipbuilding
Building containerships that can use today’s fuel and future fuels requires complex choices. Early planning can help reduce total lifetime cost
Shipping struggles under burden of ‘confusing and disruptive’ sanctions | Marine insurers to meet US officials on Russia oil price cap | MSC to launch air freight business
Newbuilding contracts for four liquefied natural gas tankers, four bulk carriers and a pair of products tankers confirmed in the past week
The week in charts: Boxship charter rates decline further | Tanker values rising | DSME dominates LNG tanker orders
Time charter rates for containerships are now coming off their historical record highs. Elsewhere, values for tankers are continuing to rise, while recent new orders have pushed DSME’s backlog of LNG tanker newbuildings to 63 units
The vessel is being added to the owner’s VLCC fleet of more than 50 ships, of which more than 60% are eco-designed tonnage
Bank officials could call an emergency board meeting as soon as later today to make a decision on the DSME sale to the defence-to-chemicals conglomerate
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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