HHI, SWS in The Race for 22,000 TEU Behemoths

Posted By Tony Sanchez / Ship Builder / 0 Comments

August 3, 2017 South Korean shipbuilding major Hyundai Heavy Industries (HHI) is competing with the Chinese rival Shanghai Waigaoqiao Shipbuilding (SWS) for the construction of up to nine 22,000 TEU containerships, Asiasis reports. The order for the record-breaking Ultra Large Containership Vessels (ULCV) has been linked to the French shipping giant CMA CGM and is […]

Report: HHI to Build up to Eight Gas Carriers for Vitol

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July 31, 2017 South Korean shipbuilder Hyundai Heavy Industries (HHI) has won a contract to build up to eight very large gas carriers (VLGCs) for the oil trading company Vitol, according to Reuters. Under the deal, the shipbuilder will construct two liquefied petroleum gas (LPG) tankers with a capacity of 84,000 cbm each. Vitol has […]

Philly Shipyard Delivers Third Product Tanker to APT

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July 27, 2017 US-based Philly Shipyard (PSI) has delivered the third of four product tankers that it is building for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan. The next generation 50,000 dwt American Liberty, which has a carrying capacity of 14.5 million gallons of crude oil or refined products, was handed over to […]

VV: Newbuilding Orders Plunge in H1 2017

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July 25, 2017 Although newbuilding orders for tanker and bulkers increased during the first half of 2017, the overall number of orders placed has more than halved when compared to the same period in 2015, according to data provided by VesselsValue. A total of 245 new orders were placed so far this year, against 594 […]

Hyundai Vinashin Tied to USD 160 Mn Tanker Deals

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July 19, 2017 Vietnam-based Hyundai-Vinashin Shipyard, a joint venture between Hyundai Heavy Industries and Vietnam Shipbuilding Industry Corporation, has reportedly secured five tanker orders over the past week from three Japanese shipowners. Namely, Fukujin Kisen and Masumoto Shipping are linked to an order for two 50,000 DWT tankers at the yard respectively, a weekly report […]

Fincantieri Returns to Profit in 2016

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March 30, 2017 talian shipbuilder and ship designer Fincantieri has managed to return to black in 2016 as the company recorded a profit of EUR 14 million (USD 15 million) for the full year, against a net loss of EUR 289 million (USD 310.4 million) seen in the previous year. Fincantieri‚Äôs revenues were up by […]