Over $1.25 Billion! Subsea7 Secures Another Major Contract

​Subsea7 has officially announced that, following a competitive tender process, it has been awarded a super-major contract by Petrobras valued in excess of $1.25 billion.

Nearly $350 Million! Shipyard Secures Largest Order Since Establishment

On April 11, bulk carrier owner Yangpu Zhongxin Shipping signed a construction contract with Longhe Shipbuilding for five 114,000 dwt LNG dual-fuel LR2 tankers, with a total transaction value approaching $350 million.

UK Shipping Capital Enters Containership Market with Chinese Shipyard Selection

Hayfin Capital has recently entered the containership newbuilding market, selecting a Chinese shipyard with specialized expertise in this sector and further expanding its shipping investment portfolio.

World's First Ethanol-Fueled Deep-Sea Vessels to Be Built by Chinese Shipyard

Brazilian mining giant Vale has announced that it has reached an agreement with Shandong Shipping to construct two Guaibamax Very Large Ore Carriers (VLOCs) that will use ethanol as their primary fuel, with an option for additional orders.

World's Largest Subsea Rock Installation Vessel Set to Arrive

The world's largest subsea rock installation vessel, Windpiper, recently arrived in Rotterdam for final outfitting and commissioning and will proceed to the Baltic Sea in the second half of this year to undertake its first offshore assignment.

Hengli Heavy Industries Secures Order for LNG Dual-Fuel VLCCs

AET Tankers is investing over $500 million to rebuild its VLCC fleet with dual-fuel vessels as part of its drive toward net-zero decarbonization goals.

Wah Kwong's First Electric Ferry Newbuilding Supervision Project, Coral Sea 88, Successfully Delivered

Hong Kong's first batch of fully electric ferries, including the Coral Sea 88, was successfully delivered recently in Nansha.