Shipbuilding News

Since the Russia-Ukraine war started in 2022, Turkey has become a popular destination for Russian superyachts evading western sanctions. Reportedly, this has created a new business venture for Turkish yards looking into repair and maintenance of these luxury vessels. In the past one year, some shipyards based in Tuzla, Istanbul have been expanding their capacity to service superyachts. Last week, KRM Yacht Refit & Rebuild reported completing the installation of a 900-ton lift mobile crane, said to be the...

Turkey Sees Opportunity in Sanctioned Russian Yacht Market

Published Jan 13, 2025 6:42 PM by The Maritime Executive

Since the Russia-Ukraine war started in 2022, Turkey has become a popular destination for Russian superyachts evading we...

The U.S. Trade Representative’s office had reportedly concluded China is using unfair policies and practices to dominate the shipbuilding industry as well as the global maritime and logistics sectors. The finding comes as China in 2024 moved into the dominant position in newbuilding orders scoring as much as 70 percent of the orders and widening the gap with South Korea its nearest rival. According to an exclusive report from Reuters, Katherine Tai who leads the efforts to oversee U.S....

Report: US to Declare China’s Use of Unfair Trade Practices in Shipbuilding

Published Jan 13, 2025 1:57 PM by The Maritime Executive

The U.S. Trade Representative’s office had reportedly concluded China is using unfair policies and practices to do...

Singapore conglomerate ST Engineering is making forays into the market for specialized vessels supporting offshore operations after winning a contract for the construction of a walk-to-work (W2W) ship for the oil and gas industry. The company announced it has secured the contract for the design and construction of the vessel for a leading oil and gas company. ST Engineering did not name the customer nor the price, but highlighted the importance of the contract in its quest for a...

ST Engineering Expands Into Walk-to-Work Vessels

Published Jan 12, 2025 2:37 PM by The Maritime Executive

Singapore conglomerate ST Engineering is making forays into the market for specialized vessels supporting offshore opera...

Chile Boosts Domestic Shipbuilding with New Procurement Policy

Published Jan 12, 2025 1:22 PM by The Maritime Executive

Chile has launched a national naval shipbuilding policy, which will see the navy utilize domestic shipyards during the o...

Affordable and Available LNG Dominated Dual-Fuel Vessel Orders in 2024

Published Jan 10, 2025 10:27 PM by The Maritime Executive

The shipping industry is looking for CO2-reducing alternatives to bunker fuel, and LNG has become the preferred alternat...

BIMCO: Containership Orderbook Reaches New High Fueling Growth to 2029

Published Jan 8, 2025 3:32 PM by The Maritime Executive

The container shipping segment started its latest wave of rapid growth in the past few years as carriers moved to order larger v...

Boskalis to Add World's Largest Rock Installation Vessel to Double Capacity

Published Jan 6, 2025 3:43 PM by The Maritime Executive

Royal Boskalis, already a leader in marine services with dredging and maritime infrastructure, is taking a unique approach to qu...

HD Hyundai Targets $18B in Orders as Korea Raises Industry Support

Published Jan 6, 2025 3:15 PM by The Maritime Executive

HD Hyundai, South Korea’s largest shipbuilder, announced its order target for 2025 increasing it over last year but foreca...

Vietnam Completes Construction of Its Largest Bulk Carrier

Published Dec 27, 2024 4:55 PM by The Maritime Executive

Vietnamese officials were on hand for the handover of the largest dry bulk carrier ever built in a domestic shipyard. The 65,000...

China Reports Building World’s Largest Heavy Lift Vessel

Published Dec 25, 2024 3:49 PM by The Maritime Executive

Chinese officials are reporting the successful sea trials of what they are calling the world’s largest heavy lift vessel. Co...