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HMM Eyes Improved Performance in 2020

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February 17, 2020 South Korean shipping major Hyundai Merchant Marine (HMM) is bullish on its performance in 2020, relying heavily on its new cooperation with THE Alliance and the deployment of twelve 24,000 TEU containerships. The gigantic boxships, the largest in the world, are scheduled for delivery in April when they will start their deployment […]

HMM’s 24,000 TEU Mega Ships to Start Delivery in April

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January 14, 2020 Korean shipping company Hyundai Merchant Marine (HMM) is set to join the elite club of megaship owners in a few months. Namely, HMM is scheduled to start taking delivery of its twelve 24,000 TEU boxship newbuilds, the largest containerships in the world, in April, a company spokesperson confirmed to World Maritime News, […]

Samsung Heavy to Build Six Evergreen Boxships Giants

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October 8, 2019 South Korea’s Samsung Heavy Industries has signed shipbuilding deals for Evergreen’s latest ultra-large containerships, valued at a total of USD 920 million. The order was placed for the construction of six of the world’s largest container ships, with a capacity of 23,000 TEUs, by May 2022. The giants will feature a length […]

Hyundai Heavy Splashes Flex LNG’s New Vessel

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September 9, 2019 South Korea’s Hyundai Heavy Industries has splashed the newest LNG carrier for Oslo-listed ship owner and operator Flex LNG. The newbuilding number 8010, to be named Flex Aurora, was launched at the HHI’s yard on September 6. With a cargo capacity of 174,000 cbm, the new two stroke vessel features a low […]

Yangzijiang Shipbuilding to Build Five Bulkers for Asian Owners

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September 6, 2019 China-based Yangzijiang Shipbuilding has signed contracts for the construction of another five bulkers with Asian owners. The shipbuilder said that the new orders include three 82,000 dwt vessels, one of which was ordered by Japan’s Kambara Kisen, and two 325,000 dwt bulk carriers. The 82,000 dwt bulkers will be built at the […]

Samsung Heavy Joins Forces with MAN on Smart Ship Tech

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August 19, 2019 South Korean shipbuilder Samsung Heavy Industries (SHI) has teamed up with German engine specialist MAN Energy Solutions in a bid to secure a “competitive edge” in winning orders. More specifically, the two sides will cooperate in developing smart ship technology. According to SHI, the Memorandum of Understanding mainly aims at enhancing operating […]

SHI Secures Orders for Ten LNG-Fueled Crude Oil Tankers

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August 19, 2019 South Korea’s Samsung Heavy Industries has received orders to build ten A-max LNG-fueled crude oil tankers for an Oceanian shipowner. According to a stock exchange filing, the deal is valued at KRW 751.3 billion (USD 620.2 million), or KRW 75.1 million per unit. The 113,000 dwt dual-fueled tankers would be delivered in […]

Samsung Heavy Wins USD 186 Mn LNG Carrier Deal

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August 16, 2019 South Korean shipbuilder, Samsung Heavy Industries, has secured a deal to build a liquefied natural gas (LNG) carrier for an Asian customer. According to the builder’s stock exchange filing, the construction contract has a value of around KRW 225.5 billion (USD 185.8 million). The new vessel is scheduled for delivery to the […]

Wärtsilä Unveils 1st Hybrid Installation for Bulk Carriers

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July 9, 2019 The technology group Wärtsilä has achieved a new technology benchmark with the introduction of the marine sector’s first hybrid installation for a bulk carrier. Under the agreement signed on July 8, the system will be installed on the bulk carrier Paolo Topic, built at Onomichi Dockyard in Japan and managed by Marfin […]

MAN Developing New Low-Pressure Gas Engine

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May 23, 2019 MAN Energy Solutions has launched the development of a new low-pressure gas engine as a supplement to its existing high-pressure dual-fuel ME-GI engine. The company cited market demand as the rationale behind the move. “With this announcement, we expect to cater for the segment in the market that prioritises low-pressure dual-fuel, and […]